SEC Issues Final Rule on Security-Based Swap Execution Facilities

The SEC has released a final rule to “create a regime for the registration and regulation of security-based swap execution facilities.” The final rule, which is being issued in response to a mandate of the Dodd-Frank Wall Street Reform and Consumer Protection Act, establishes a new rule, Regulation SE, under the Securities Exchange Act of 1934. As SEC Chair Gary Gensler notes, the final rule is aimed at enhancing “the transparency and integrity of the security-based swap market.”

The final rule will become effective 60 days after the date of its publication in the Federal Register. For more information, see the press release and fact sheet — as well as the statement by SEC Chair Gary Gensler — on the SEC’s Web site.