|View EO 12866 Meetings||Printer-Friendly Version Download RIN Data in XML|
|SEC||RIN: 3235-AK74||Publication ID: Spring 2021|
|Title: Exemption from the Definition of "Clearing Agency" for Certain Activities of Security-Based Swap Dealers and Security-Based Swap Execution Facilities|
The Commission proposed regulations to impose ownership and voting limits and governance arrangements applicable to security-based swap clearing agencies and security-based swap execution facilities to mitigate potential conflicts of interest that could exist to those entities. The Commission separately proposed seven new rules and an amendment to an existing rule related to clearing agencies, including clearing agencies that clear security-based swaps. The proposed rules were designed to enhance the regulatory framework for the supervision of clearing agencies. The Commission adopted some of the proposed rules.
The Division is now considering recommending that the Commission adopt the remaining rules.
|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 242|
|Legal Authority: Pub. L. 111-203, sec. 765 Pub. L. 111-203, sec. 763 15 U.S.C. 78c 15 U.S.C. 78f 15 U.S.C. 78k-1 15 U.S.C. 78q-1 15 U.S.C. 78w(a)|
Overall Description of Deadline: Pub. L. 111-203, sec. 765. The Dodd-Frank Act requires the Commission to adopt rules to mitigate conflicts of interest for security-based swap clearing agencies, security-based swap execution facilities, and security-based swap exchanges.
|Regulatory Flexibility Analysis Required: No||Government Levels Affected: None|
|Small Entities Affected: No||Federalism: No|
|Included in the Regulatory Plan: No|
|RIN Information URL: www.sec.gov/rules/proposed/2011/34-64018.pdf|
|RIN Data Printed in the FR: No|
|Related RINs: Merged with 3235-AL13, Related to 3235-AK93|
Assistant Director, Division of Trading and Markets
Securities and Exchange Commission
100 F Street NE,
Washington, DC 20549