SEC Proposes Security-based Swap Data Repositories Make Data Available to Regulators

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The SEC is proposing amendments to rules related to regulator access to security-based swap data held by security-based swap data repositories. If adopted, the amendments would require security-based swap data repositories (SBSDR) to make certain data available, including counterparty trade and position data, to regulators and other authorities. The proposed amendments regarding the data access requirement is conditioned on each recipient entity agreeing to indemnify the SBSDR and the SEC for any expenses arising from litigation relating to information provided.

Comments are due within 45 days of publication in the Federal Register.

To see the proposed amendments, click here.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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