SEC Adopts New Rules to Increase Transparency in Security-Based Swap Market
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SEC adopts new rules for registration and regulation of security-based swap execution facilities (SBSEFs) as required by Dodd-Frank Act.
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Rules aim to increase transparency and integrity in security-based swap market.
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Aligns closely with CFTC's rules for swap execution facilities (SEFs) to bring buyers and sellers together.
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Addresses trade execution requirement for security-based swaps and cross-border application.
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Aims to mitigate conflicts of interest at SBSEFs and exchanges trading security-based swaps.