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SEC issues final rule granting regulatory access to data held by security-based swap data repositories

  • SEC document Image

Aug 29, 2016

The SEC has issued a final rule that amends Rule 13n-4 of the Securities Exchange Act of 1934 to give certain regulators and other authorities access to the data held by security-based swap data repositories.

Specifically, the final rule:

  • Requires “either a memorandum of understanding or other arrangement between the Commission and the recipient of the data to address the confidentiality of the security-based swap data provided to the recipient.”
  • Identifies “the five prudential regulators named in the statute, as well as the Federal Reserve banks and the Office of Financial Research, as being eligible to access data.”
  • Addresses “factors that the Commission may consider in determining whether to permit other entities to access data.”

The final rule will become ef­fec­tive on November 1, 2016. For more in­for­ma­tion, see the press release and final rule on the SEC’s Web site.

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