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SEC

RIN: 3235-AK93

Publication ID: 2012

Title: Registration and Regulation of Securities-Based Swap Execution Facilities
Abstract: The Commission proposed a registration framework for security-based swap execution facilities ("SB SEFs"), rules that would implement a provision of the Dodd-Frank Act requiring SB SEFs to comply with fourteen enumerated core principles and enforce compliance with those principles, and a process for SB SEFs to submit proposed changes to their rules to the Commission. The proposal includes an interpretation of the definition of "security-based swap execution facility" in section 3(a)(77) of the Exchange Act. The Commission also proposed to exempt a registered SB SEF from the definition of "exchange," and to conditionally exempt a registered SB SEF from regulation as a "broker."
Agency: Securities and Exchange Commission(SEC)	Priority: Substantive, Nonsignificant
RIN Status: Previously published in the Unified Agenda	Agenda Stage of Rulemaking: Final Rule Stage
Major: Undetermined	Unfunded Mandates: No
CFR Citation: 17 CFR 240.3a-1 17 CFR 240.15a-12 17 CFR 242.800 to 823 17 CFR 249.1700
Legal Authority: 15 USC 78c-4 15 USC 78c 15 USC 78f 15 USC 78o 15 USC 78s 15 USC 78w(a) 15 USC 78dd(b) 15 USC 78dd(c) 15 USC 78mm

Legal Deadline:

Action	Source	Description	Date
Final	Statutory	Dodd-Frank Act requires action within a year of enactment.	07/21/2011

Timetable:

Action	Date	FR Cite
NPRM	02/28/2011	76 FR 10948
NPRM Comment Period End	04/04/2011
Final Action	06/00/2013

Regulatory Flexibility Analysis Required: No	Government Levels Affected: None
Federalism: No
Included in the Regulatory Plan: No
RIN Information URL: www.sec.gov/rules/proposed/2011/34-63825
RIN Data Printed in the FR: No
Agency Contact: Tyler Raimo Division of Trading and Markets Securities and Exchange Commission 100 F Street NE, Washington, DC 20549 Phone:202 551-6227 Email: raimot@sec.gov