SEC adopts rule requiring security-based swap execution facilities register, name CCO
By 
Aaron Nicodemus2023-11-06T12:28:00
The Securities and Exchange Commission (SEC) approved new regulations for security-based swap execution facilities, part of the agency’s steady progress in implementing languishing rules from the Dodd-Frank Act of 2010.
Security-based swap execution facilities will be required to register with the SEC and submit to a regulation regime, the agency announced Thursday in a press release. The new regulatory regime will mitigate conflicts of interest in the security-based swap market and make it more transparent, said SEC Chair Gary Gensler.
It will also require those entities to hire chief compliance officers to oversee compliance with the new rules.
Related articles
-
News BriefSEC risk alert flags observed deficiencies at security-based swap dealers
A new risk alert from the Securities and Exchange Commission highlighted common deficiencies and weaknesses in the compliance programs of security-based swap dealers.
-
News Brief
SEC continues Dodd-Frank run, passes conflicts in securities trading rule
The Securities and Exchange Commission moved quickly to adopt an unfulfilled mandate of the Dodd-Frank Act to prevent the sale of certain securities if there is a conflict of interest.
-
News Brief
SEC adopts Dodd-Frank rule on clearing agency conflicts of interest
The Securities and Exchange Commission continued its recent run of pushing through remaining regulations under the Dodd-Frank Act of 2010 by adopting new rules to mitigate conflicts of interest for security-based swap clearing agencies.
More from Regulatory Policy
-
ArticleDAG Blanche says DOJ’s new priorities doesn’t indicate pullback on white collar crime
The Department of Justice has refocused its white collar crime priorities on prosecuting the worst cases of corporate misconduct while also clearing away unnecessary and burdensome regulation that could “strangle” American business, Deputy Attorney General Todd Blanche said.
-
News BriefTrump-era deregulation cuts OSHA enforcement powers on workplace hazards
The U.S. Department of Labor scaled back OSHA penalties for small businesses and limited use of the general duty clause as part of the Trump administration’s deregulation agenda.
-
News BriefCongress introduces bipartisan Unsubscribe Act after FTC Click-to-Cancel setback
Two senators introduced a bipartisan bill to create new rules for subscription-based businesses, aiming to increase transparency and fairness after a federal judge blocked the Federal Trade Commission’s “click-to-cancel” rule from nearly two years ago.