19 Sep 2025
📊Regulatory Compliance for Nonbank Major SWAP Participants Under Rule 18a-2
Agency Information Collection Activities; Submission for OMB Review; Comment Request; Extension: Rule 18a-2
Summary
The SEC is proposing an extension for information collection under Rule 18a-2, which mandates nonbank major security-based swap participants to establish robust risk management systems and comply with specific capital requirements, ultimately ensuring market stability amid substantial operational risks.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The document outlines regulatory compliance requirements under Rule 18a-2 for nonbank major security-based swap participants, necessitating substantial recordkeeping and risk management systems. This creates financial burdens related to consulting and IT modifications, impacting business operations and costs directly.