SEC Adopts New Rules to Increase Transparency in Security-Based Swap Market

SEC adopts new rules for registration and regulation of security-based swap execution facilities (SBSEFs) as required by Dodd-Frank Act.

Rules aim to increase transparency and integrity in security-based swap market.

Aligns closely with CFTC's rules for swap execution facilities (SEFs) to bring buyers and sellers together.

Addresses trade execution requirement for security-based swaps and cross-border application.

Aims to mitigate conflicts of interest at SBSEFs and exchanges trading security-based swaps.