The SEC voted unanimously to reopen the public comment period for all rules not yet finalized, stemming from Title VII of the Dodd-Frank Act. The comment periods for these rules—and a policy statement describing the expected order for these new rules to take effect—will be reopened for 60 days after notice is published in the Federal Register.
Separately, the SEC voted unanimously to propose rules and interpretive guidance for parties to cross-border security-based swap transactions.
The proposal explains which regulatory requirements apply when a transaction occurs partially within and partially outside the U.S. The proposed rules also set forth when security-based swap dealers, major security-based swap participants, and other entities—such as clearing agencies, execution facilities, and data repositories—must register with the SEC.
The comment period for the proposed rules and interpretive guidance for cross-border security-based swap activities will occur for 90 days after they are published in the Federal Register.