Regulatory Alerts2020-02-04 | 2019-27760Added
Cross-Border Application of Certain Security-Based Swap Requirements
The Securities and Exchange Commission adopted final rules and guidance to address the cross-border application of security-based swap requirements under Title VII of the Dodd-Frank Act. The Commission established a conditional exception for non-U.S. persons to exclude certain transactions from de minimis counting when U.S. personnel arrange, negotiate, or execute them, while providing interpretive guidance on terms like 'arranged' and 'negotiated.' Additionally, the agency amended rules regarding conditional registration for nonresident entities, associated person employment questionnaires, and compliance with security-based swap data repository regulations.
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