The SEC posted a proposal this afternoon to keep its existing rules on beneficial ownership for people who buy or sell security-based swaps (Rules 13d-3 and 16a-1 under the Securities Exchange Act of 1934).
The Commission seems to be responding to concerns that if the Dodd-Frank Sections 766 and 13(o) go into effect this summer as scheduled, then problematic drafting would cancel out the rules already in place.
