SEC Proposes Framework for the Registration of Security-Based Swap Execution Facilities

The SEC has issued a proposal Rules Relating to Security-Based Swap Execution and Registration and Regulation of Security-Based Swap Execution Facilities. The proposed rules would “create a regime for the registration and regulation of security-based swap execution facilities” and “implement the ‘trade execution requirement’ for security-based swaps.”

Comments on the proposal are due 60 days after the date of its publication on the SEC’s Web site or 30 days after the date of its publication in the Federal Register, whichever period is longer.

For more information, see the press release and fact sheet, as well as statements by SEC Chair Gary Gensler and Commissioner Caroline A. Crenshaw, on the SEC’s Web site.