SEC Issues Guidance to Reduce Overlapping Regulation on Security-Based Swap Regulatory Regime
December 17, 2020
The SEC has issued a final rule, Exemption From the Definition of “Clearing Agency” for Certain Activities of Security-Based Swap Dealers and Security-Based Swap Execution Facilities. The final rule “exempts certain activities of security-based swap execution facilities and security-based swap dealers from triggering the requirement also to register as a clearing agency, in line with similar exemptions for broker-dealers and national securities exchanges.”
For more information, see the press release on the SEC’s Web site.