United States:
Extension Of Exemptions For Security-Based Swaps
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On February 5, the SEC extended interim final
rules that exempt security-based swaps that were
security-based swap agreements prior to July 16,
2011, and are defined as "securities" under the
Securities Act and the Exchange Act as of July 16, 2011, due
solely to the provisions of Title
VII of Dodd-Frank. Under the extension,
the expiration dates in the interim final rules will change from
February 11, 2014, to February 11, 2017. Release. Policy Statement.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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