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SEC Unveils Dodd-Frank Proposals on Swaps, More

Melissa Klein Aguilar | December 17, 2010

The Securities and Exchange Commission pushed out five more rule proposals in its last open meeting of the year in an effort to fulfill its Dodd-Frank Act mandate.

The Commission voted on Dec. 15 to publish five more rule proposals stemming from the Dodd-Frank Wall Street Reform and Consumer Protection Act for comment. Two of the proposals relate to the mandatory clearing of security-based swaps and end-user exception to the clearing rules. The other three proposals deal with specialized disclosures about conflict minerals, mine safety and payments to U.S. and foreign governments made by resource extraction companies.

The Dodd- Frank Act requires the mandatory clearing of most swaps, including most security-based swaps which come under the purview of the SEC. The law also provides an exemption from mandatory clearing for certain...

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