SEC Proposes Securities-Based Swap Recordkeeping, Reporting and Notification Requirements

Skadden, Arps, Slate, Meagher & Flom LLP

Mark D. Young Maureen A. Donley Rachel Kaplan Reicher

On May 2, 2014, the SEC published proposed regulations that would implement Dodd-Frank recordkeeping, reporting and notification requirements applicable to registered security-based swap dealers, major security-based swap participants and broker-dealers engaged in security-based swap activities. The proposal, for which the SEC will accept comments through July 1, 2014, is modeled on the agency's existing regime for broker-dealers.

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