SEC Proposes Product Definitions for Swaps

Fact sheet: “The Securities and Exchange Commission voted unanimously to propose rules further defining the terms “swap,” “security-based swap,” and “security-based swap agreement.” The Commission also proposed rules regarding “mixed swaps” and books and records for “security-based swap agreements.” The rules were proposed jointly with the Commodity Futures Trading Commission (CFTC) and stem from the Dodd-Frank Wall Street Reform and Consumer Protection Act.”

Posted in: Congress, Government Documents, Legal Research, Legislation