{"id":5753,"date":"2015-01-22T00:00:00","date_gmt":"2015-01-22T06:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2015\/01\/sec_adopts_rules_improving_tra"},"modified":"2022-05-06T12:22:20","modified_gmt":"2022-05-06T17:22:20","slug":"sec-adopts-rules-improving-tra","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/sec-adopts-rules-improving-tra\/","title":{"rendered":"SEC Adopts Rules Improving Transparency in the Security-Based Swap Market"},"content":{"rendered":"

The Securities and Exchange Commission has adopted rules mandating that security-based swap <\/a>data repositories register with the regulator. They also prescribe public dissemination and reporting requirements for security-based swap transaction information.<\/p>\n

The rules were mandated under the Dodd-Frank Wall Street Reform and Consumer Protection Act\u2019s Title VII and they are supposed to increase transparency in the security-based swap market, while establishing a regulatory framework for \u201cswap data repositories.\u201d<\/p>\n

The new rules require that data warehouses not only register with the Commission but also that they set up governance standards, appoint a chief compliance officer, and require the reporting of certain information to the public. For now, all swaps will have to be reported within 24 hours. This requirement could change as regulators examine the way this impacts the cost and ability of financial firms to execute large trades. The big banks that currently dominate the swaps market in the United States are Goldman Sachs Group Inc. (GS), JP Morgan Chase & Co. (JPM)<\/a>, Citigroup (C)<\/a>, Bank of America Corp. (BAC)<\/a>, and Morgan Stanley (MS).<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

The Securities and Exchange Commission has adopted rules mandating that security-based swap data repositories register with the regulator. They also prescribe public dissemination and reporting requirements for security-based swap transaction information. The rules were mandated under the Dodd-Frank Wall Street Reform and Consumer Protection Act\u2019s Title VII and they are supposed to increase transparency in […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3761,3972],"tags":[],"class_list":["post-5753","post","type-post","status-publish","format-standard","hentry","category-securities-and-exchange-commis","category-swap-transactions"],"yoast_head":"\nSEC Adopts Rules Improving Transparency in the Security-Based Swap Market — Investor Lawyers Blog — January 22, 2015<\/title>\n<meta name=\"description\" content=\"The Securities and Exchange Commission has adopted rules mandating that security-based swap data repositories register with the regulator. They also — January 22, 2015\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/sec-adopts-rules-improving-tra\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"SEC Adopts Rules Improving Transparency in the Security-Based Swap Market — Investor Lawyers Blog — January 22, 2015\" \/>\n<meta name=\"twitter:description\" content=\"The Securities and Exchange Commission has adopted rules mandating that security-based swap data repositories register with the regulator. They also — January 22, 2015\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards & Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"SEC Adopts Rules Improving Transparency in the Security-Based Swap Market — Investor Lawyers Blog — January 22, 2015","description":"The Securities and Exchange Commission has adopted rules mandating that security-based swap data repositories register with the regulator. 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