SEC Approves Registration of First Security-Based Swap Data Repository
SEC Approves Registration of First Security-Based Swap Data
May 10, 2021
The SEC has announced that it has approved the registration of its first
security-based swap data repository (SDR). With the agency’s registration of DTCC
Data Repository (U.S.), LLC (DDR), the security-based swap market now has the first
SDR that can accept transaction reports. According to the SEC, “DDR intends to
operate as a registered SDR for security-based swap transactions in the equity,
credit, and interest rate derivatives asset classes.”
The first compliance date for Regulation SBSR, which governs regulatory reporting and
public dissemination of security-based swap transactions, is November 8, 2021.
For more information, see the press
release on the SEC’s Web site.