SEC amends swaps reporting rules
02 September 2016 Washington DC
Image: Shutterstock
The US 网爆吃瓜 and Exchange Commission (SEC) has formally adopted amendments to its reporting requirements for security-based swaps data repositories.
The amendments, which were based on a proposal from September 2015, add a greater level of data confidentiality by requiring the a memorandum of understanding or similar legal arrangement to exist between the commission and the recipient of the data.
The reforms also stipulate the need to identify the five 鈥減rudential regulators鈥� named in the statute, as well as the Federal Reserve banks and the Office of Financial Research, as being eligible to access the data.
The SEC also highlighted whether to permit other entities to access data, and under what circumstances that would be possible.
The amendments, which were based on a proposal from September 2015, add a greater level of data confidentiality by requiring the a memorandum of understanding or similar legal arrangement to exist between the commission and the recipient of the data.
The reforms also stipulate the need to identify the five 鈥減rudential regulators鈥� named in the statute, as well as the Federal Reserve banks and the Office of Financial Research, as being eligible to access the data.
The SEC also highlighted whether to permit other entities to access data, and under what circumstances that would be possible.
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to 网爆吃瓜 Finance Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to 网爆吃瓜 Finance Times
