SEC Proposes Changes to Cross-Border Security-Based Swap Transactions
May 10, 2019
The SEC has issued Proposed Rule Amendments and Guidance Addressing Cross-Border Application of Certain Security-Based Swap Requirements, which the Commission describes as “a package of rule amendments and interpretive guidance to improve the framework for regulating cross-border security-based swaps transactions and market participants.”
Specifically, the proposed amendments would “improve the regulatory framework by pragmatically addressing implementation issues and efficiency concerns, and in some cases further harmonizing the regulatory regime governing security-based swaps administered by the Commission with the regulatory regime governing swaps administered by the Commodity Futures Trading Commission.”
Comments on the proposed amendments are due 60 days after the date of their publication in the Federal Register. For more information, see the press release and proposals on the SEC’s Web site.