An SEC final rule that conditionally exempts certain security-based swap execution facilities (or "SBSEFs") and security-based swap dealers (or "SBSDs") from also registering as a "clearing agency" (see previous coverage) was published in the Federal Register. The rule will go into effect on April 2, 2021.

Primary Sources

  1. Federal Register: Exemption from the Definition of "Clearing Agency" for Certain Activities of Security-Based Swap Dealers and Security-Based Swap Execution Facilities

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