United States

SEC Adopts Additional Rules Related to Security-Based Swap Transaction Reporting

Jul 18, 2016
From the Financial Reporting Network

The SEC recently adopted new rules and guidance for the regulatory reporting and public dissemination of security-based swap transactions, known as Regulation SBSR. The new rules and guidance are required by Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act and are designed to increase transparency in the security-based swap market.

The rules will become effective 60 days after they are published in the Federal Register. The rules also establish a new compliance schedule for the portions of Regulation SBSR for which the SEC has not previously specified compliance dates. Compliance for these portions of Regulation SBSR will be phased in over a period of months, beginning on the first Monday that is the later of six months after the date on which the first swap data repository that can accept transaction reports in an asset class registers with the SEC, or one month after security-based swap dealers and major security-based swap participants are required to register with the SEC.

Read SEC Press Release