The Securities and Exchange Commission has proposed a package of rule amendments and interpretive guidance intended to improve the framework for regulating cross-border security-based swaps transactions and market participants.
The proposals, in the Commission’s view, “improve the regulatory framework by pragmatically addressing implementation issues and efficiency concerns, and in some cases further harmonizing the regulatory regime governing security-based swaps administered by the Commission with the regulatory regime governing swaps administered by the Commodity Futures Trading Commission.”
