Regulatory Alerts2014-05-02 | 2014-09108Added
Recordkeeping and Reporting Requirements for Security-Based Swap Dealers, Major Security-Based Swap Participants, and Broker-Dealers; Capital Rule for Certain Security-Based Swap Dealers
The Securities and Exchange Commission proposes recordkeeping, reporting, and notification requirements for security-based swap dealers, major security-based swap participants, and broker-dealers under the Dodd-Frank Act. The proposal also establishes quarterly securities count and capital charge provisions for certain security-based swap dealers while introducing technical amendments to existing broker-dealer rules. These measures aim to enhance transparency and market integrity by regulating over-the-counter derivatives markets and ensuring appropriate financial safeguards for market participants.
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