6 Aug 2025
📈SEC Proposes Compliance Standards for Security-Based Swap Dealers
Agency Information Collection Activities; Submission for OMB Review; Comment Request; Extension: Business Conduct Standards for Security-Based Swap Dealers and Major Security-Based Swap Participants
Summary
The SEC is seeking an extension for information collection concerning business conduct standards for security-based swap dealers and major participants. This involves compliance with new regulations established under the Dodd-Frank Act, aimed at enhancing transparency and protecting investors by establishing rigorous reporting and operational standards for entities engaging in security-based swaps.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The content details the SEC's oversight of business conduct standards for security-based swap dealers, which imposes compliance and reporting requirements on businesses involved in swaps. It highlights responsibilities regarding disclosures, compliance officer designations, and oversight aimed at protecting investors.