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SEC issues final rule on cross-border security-based swaps

  • SEC document Image

Feb 11, 2016

The SEC has issued a final rule related to cross-border security-based swaps.

Under the final rule, which is being issued in response to a mandate of the Dodd-Frank Wall Street Reform and Consumer Protection Act, “a non-U.S. company that uses personnel located in a U.S. branch or office to arrange, negotiate, or execute a security-based swap transaction in connection with its dealing activity [must] include that transaction in determining whether it is required to register as a security-based swap dealer.”

The final rule will become effective on April 19, 2016. For more information, see the press release and final rule on the SEC’s Web site.

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