Extension of Comment Period on SEC Capital and Margin Rules | White & Case LLP International Law Firm, Global Law Practice
Extension of Comment Period on SEC Capital and Margin Rules

Extension of Comment Period on SEC Capital and Margin Rules

On October 18, 2012, the Securities and Exchange Commission (the "SEC") issued Release No. 34-68071 containing its proposed rules (the "Proposed Rules") relating to the capital, margin and segregation requirements with respect to security-based swaps ("SBSs") for security-based swap dealers ("SBSDs") and major security-based swap participants ("MSBSPs"). The capital and margin requirements of the Proposed Rules apply to SBSDs and MSBSPs that are not subject to the supervision of a prudential regulator whereas the segregation requirements apply to all SBSDs and MSBSPs. The Proposed Rules also affect broker-dealers whether or not they are SBSDs. The original comment period for the Proposed Rules expired 60 days following publication in the Federal Register; the SEC recently extended that comment period until February 22, 2013.

 

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