Sat, Nov 28, 2015
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

SEC approves new derivatives rules, more to follow

Tuesday, July 10, 2012

Bailey McCann, Opalesque, New York: The Securities and Exchange Commission (SEC) has approved new rules and guidance for derivatives. The rules are the next step in regulation of the over-the-counter derivatives market in the US, and outline specific definitions for terms such as swaps and security-based swaps. The rules also outline what instruments constitute a swap as regulated by the Commodities Futures Trading Commission (CFTC).

The SEC action also addresses "mixed swaps," which are regulated by both agencies, and "security-based swap agreements," which are regulated by the CFTC but over which the SEC has antifraud and other authority. The finalized rules are part of the rules requirements set out in the Dodd-Frank Act, a financial regulatory measure passed by the US Congress in 2010.

Once both agencies adopt the final rules, they will become effective 60 days after the date of publication in the Federal Register. The CFTC is expected to issue several hundreds of pages more of rules on swaps tomorrow, that will further define how the regulator will oversee swap activities. Rules are expected to continue coming from both regulators at a rapid pace through the second half of the year as they work to meet the G20 financial regulation deadline at the end of this year.

The International Swaps and Derivatives Association Inc. and Financial Markets Association filed a ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Other Voices: Hedge fund marketing and the selling cycle[more]

    By Bruce Frumerman. How long is the selling cycle now? That’s a question my financial communications and sales marketing consulting firm has been asked on a regular basis by hedge fund firm owners and sales people, ever since we opened the doors to our firm in 1987 pre-crash. Wa

  2. People - Solus Alternative Asset Management adds chief strategist from BTIG[more]

    From Daniel Greenhaus joined hedge fund manager Solus Alternative Asset Management as managing director and chief strategist. He will work closely with Chris Bondy, Solus’ chief economist, managing director and executive vice president, said Chris Pucillo, CEO and chief investmen

  3. Opalesque Roundtable: Seeding deal terms can be onerous for hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Executives from fund of funds firms, family offices, a placement agent, a private equity firm, and an accounting firm gathered in Connecticut last month for the

  4. Opalesque Roundtable: Family offices flock to co-investment[more]

    Bailey McCann, Opalesque New York: Co-investments have been a hot topic for pension funds in recent years, as they try to move away from high fees and improve transparency. But now, family offices are more readily getting into the mix and establishing in-house deal teams, according to the delega

  5. More institutional investors invest in CTAs compared to last year despite dissatisfaction with performance[more]

    Benedicte Gravrand, Opalesque Geneva: "Despite a strong start to 2015 for CTAs in Q1, commodity market conditions have made return generation difficult for fund managers over much of the rest of the year to date," says Preqin’s November