Dec 18, 2015
From the Financial Reporting Network
Recently, the SEC proposed a rule, Use of Derivatives by Registered Investment Companies and Business Development Companies, which would limit use of derivatives by funds (e.g., mutual funds and exchange-traded funds) and require them to put in place risk management measures to better protect investors. The SEC also issued a Proposed Rule Fact Sheet. The comment period ends 90 days after the proposal is published in the Federal Register.
The SEC also proposed a rule, Establishing the Form and Manner with which Security-Based Swap Data Repositories Must Make Security-Based Swap Data Available to the Commission, which would specify the form and manner with which security-based swap data repositories (SDRs) will be required to make security-based swap (SBS) data available to the SEC under Exchange Act Rule 13n-4(b)(5). This rule is a part of the SEC’s SBS transaction reporting as required by the Dodd-Frank Wall Street Reform and Consumer Protection Act. The comment period ends 60 days after the proposal is published in the Federal Register.