SEC Reopens Comment Period for Proposed Rule on Position Reporting of Large Security-Based Swap Positions

The SEC has reopened the comment period for its proposed rule Position Reporting of Large Security-Based Swap Positions. The proposal, which the Commission initially issued in December 2021, would “require any person with a security-based swap position that exceeds a certain threshold to promptly file with the Commission a schedule disclosing certain information related to its security-based swap position.”

The reopening of the comment period is intended to give interested parties the opportunity to provide additional feedback in light of the issuance of an SEC staff memorandum that contains “supplemental data and analysis regarding the proposed reporting thresholds in the equity security-based swap market.”

Comments are due by August 21, 2023, or 30 days after the proposal’s date of publication in the Federal Register, whichever is later. For more information, see the press release on the SEC’s Web site.