📊SEC Proposes Rule 18a-3 for Security-Based Swap Dealers
Proposed Collection; Comment Request; Extension: Rule 18a-3
Summary
The Securities and Exchange Commission is requesting comments on the proposed information collection for Rule 18a-3, which establishes minimum margin requirements and risk management procedures for nonbank security-based swap dealers and participants. The notice details the compliance burden associated with this regulation and invites stakeholder input on its necessity and effectiveness.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The regulatory text outlines compliance requirements for nonbank security-based swap dealers (SBSDs) related to margin requirements and risk management processes. This regulation influences operational practices and potential liabilities for businesses in the trading sector, highlighting accountability and oversight, generating possible regulatory costs.