Further Definition of “Swap,” “Security-Based Swap,” and “Security-Based Swap Agreement”; Mixed Swaps; Security-Based Swap Agreement Recordkeeping

Commodity Futures Trading Commission; Securities and Exchange Commission published this proposed rule in the Federal Register on May 23, 2011. Comments close Jul 22, 2011.

Abstract

In accordance with section 712(a)(8), section 712(d)(1), sections 712(d)(2)(B) and (C), sections 721(b) and (c), and section 761(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank Act"), the Commodity Futures Trading Commission ("CFTC") and the Securities and Exchange Commission ("SEC") (collectively, "Commissions"), in consultation with the Board of Governors of the Federal Reserve System ("Board"), are jointly issuing proposed rules and proposed interpretive guidance under the Commodity Exchange Act ("CEA") and the Securities Exchange Act of 1934 ("Exchange Act") to further define the terms "swap," "security-based swap," and "security-based swap agreement" (collectively, "Product Definitions"), regarding "mixed swaps," and governing books and records with respect to "security-based swap agreements."

The abstract is quoted as the Federal Register publishes it.

Document

Agency

Commodity Futures Trading Commission; Securities and Exchange Commission

Type

Proposed Rule

Published

May 23, 2011

Comments close

Jul 22, 2011

Document number

2011-11008

Federal Register

Read the document

Source: the Federal Register, public domain. All documents.