SEC Finalizes Swap Reform Rules For Clearing Agencies

Law360, New York (June 28, 2012, 10:07 PM EDT) -- The U.S. Securities and Exchange Commission on Thursday adopted final rules detailing how clearing agencies will provide information to the agency about security-based swaps they plan to accept in the $700 trillion over-the-counter swaps market.

The rules, most of which will become effective 60 days after they are published in the Federal Register, will impose capital and margin requirements on those deemed swap dealers, force some trading activities to take place on regulated exchanges and filter swaps through clearinghouses, all in hopes of bringing transparency and...
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