15 Jul 2025
📈Rule 18a-2
Proposed Collection; Comment Request; Extension: Rule 18a-2
Summary
The SEC is soliciting comments on the proposed Rule 18a-2, which establishes capital requirements and risk management controls for nonbank major security-based swap participants. It mandates that these firms maintain positive tangible net worth and implement internal risk management systems, leading to potential significant start-up and compliance costs.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The regulation outlines compliance and regulatory requirements for nonbank major security-based swap participants, including capital maintenance, risk management controls, and significant financial burdens, which impact business operations and financial planning.