Regulatory Alerts2023-06-20
Reopening of Comment Period for Position Reporting of Large Security-Based Swap Positions
The Securities and Exchange Commission has reopened the comment period for its proposed Rule 10B-1, which mandates that entities holding security-based swap positions above specified thresholds promptly file public schedules detailing their positions and underlying assets. This action allows stakeholders to review and submit feedback on a newly added staff memorandum that provides supplemental economic analysis regarding the proposed reporting thresholds. Comments addressing whether threshold amounts should be adjusted based on factors like related securities, offsetting positions, and aggregation rules are due by August 21, 2023.
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