On 17 April 2014, the Securities and Exchange Commission ("SEC") proposed new rules for security-based swap dealers and major security-based swap market participants. The proposed rules cover recordkeeping, reporting, and notification requirements for security-based swap dealers and major security-based swap participants and would establish additional recordkeeping requirements for broker-dealers to account for their security-based swap activities. Comments on the proposed rule are due by 16 June 2014.
The full text of the proposed rule is available at: http://www.sec.gov/rules/proposed/2014/34-71958.pdf
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.
