SEC Advances Proposals For Swaps Oversight

Law360 (December 3, 2010, 4:57 PM EST) -- The U.S. Securities and Exchange Commission has advanced a series of proposals seeking to outline exactly which market participants will be subject to the stepped-up oversight of swaps and security-based swaps required under the new financial reform law.

The proposals unanimously approved by the SEC commissioners at a Friday meeting stem from a mandate under the Dodd-Frank Wall Street Reform and Consumer Protection Act for the SEC and the U.S. Commodity Futures Trading Commission to jointly regulate over-the-counter swaps markets. The SEC is ordered to regulate...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.