SEC Approves Registration of First Security-Based Swap Data Repository

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.