Regulatory Alerts2011-10-24 | 2011-26889Added · Updated
Registration of Security-Based Swap Dealers and Major Security-Based Swap Participants
The Securities and Exchange Commission proposes rules under the Dodd-Frank Act to establish a registration regime for security-based swap dealers and major security-based swap participants. The proposal introduces new rules and forms to facilitate registration, conditional registration, and withdrawal, while imposing specific requirements for nonresident entities and associated persons. These measures aim to enhance accountability and transparency in the over-the-counter derivatives market by aligning the new framework with existing broker-dealer and CFTC intermediary standards.
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