16 Jul 2025
📄SEC's Proposed Rule 194 Impacts Security-Based Swap Dealers
Proposed Collection; Comment Request; Extension: Rule 194
Summary
The SEC is soliciting comments regarding the proposed collection of information under Rule of Practice 194, which governs applications for statutory disqualifications among security-based swap dealers. The notice outlines the required process and burden hours for compliance, reflecting on the anticipated low volume of applications and notices.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The regulatory text discusses Rule 194, which impacts security-based swap dealers by establishing a framework for handling statutory disqualifications of associated persons. This affects compliance and operational practices for these entities, necessitating preparation for applications and notices, with identifiable workload and costs associated.