United States:
SEC Proposes Rules For Cross-Border Security-Based Swap Transactions
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On April 29, the Securities and Exchange
Commission published proposed rules that would require
non-United States persons that use United States personnel to
arrange, negotiate or execute a security-based swap transaction in
connection with its dealing activity to include such transaction
for purposes of the de minimis exception set forth in Exchange Act
Section 3(a)(71)(D). Comments to the proposed rule are due 60
days after publication in the Federal Register. Release. Proposed Rule.
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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