View Rule

View EO 12866 Meetings Printer-Friendly Version     Download RIN Data in XML

SEC RIN: 3235-AK93 Publication ID: Spring 2019 
Title: Registration and Regulation of Security-Based Swap Execution Facilities 

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 14 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 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." The comment period was reopened on May 23, 2013.

The Commission separately proposed regulations to impose ownership and voting limits and governance arrangements applicable to SB SEFs and national securities exchanges that trade security-based swaps to mitigate potential conflicts of interest that could exist in those entities on October 25, 2010, in RIN 3235-AK74.

Agency: Securities and Exchange Commission(SEC)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Long-Term Actions 
Major: Undetermined  Unfunded Mandates: No 
EO 13771 Designation: Independent agency 
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 U.S.C. 78c-4    15 U.S.C. 78c    15 U.S.C. 78f    15 U.S.C. 78o    15 U.S.C. 78s    15 U.S.C. 78w(a)    15 U.S.C. 78dd(b)    15 U.S.C. 78dd(c)    15 U.S.C. 78mm   
Legal Deadline:
Action Source Description Date
Final  Statutory  Dodd-Frank Act requires action within a year of enactment.  07/21/2011 
Action Date FR Cite
NPRM  02/28/2011  76 FR 10948   
NPRM Comment Period End  04/04/2011    
NPRM Comment Period Reopened  05/23/2013  78 FR 30800   
NPRM Comment Period Reopened End  07/22/2013 
Next Action Undetermined  To Be Determined 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Information URL:  
RIN Data Printed in the FR: No 
Related RINs: Related to 3235-AK74 
Agency Contact:
Michael Bradley
Division of Trading and Markets
Securities and Exchange Commission
100 F Street NE,
Washington, DC 20549
Phone:202 551-5594