10.07.2012 SEC approves new derivatives rules, more to follow

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 Commoditi

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