SEC Interim Final Temporary Rule: Reporting of Security-Based Swap Transaction Data

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Dodd-Frank Timeline, Interim Final Temporary Rule for SBS Data Reporting
Approval Date Comment Deadline Effective Date
October 20, 2010 December 20, 2010 January 12, 2012

On October 13, 2010, the SEC held an open meeting concerning an interim final temporary rule regulating the reporting of security-based swap (SBS) data under the Dodd-Frank Act. Among the topics at this meeting were the reporting of SBS information to an operational SBS data repository or to the Commission, and the reporting of SBS information to the Commission upon request.[1] The final rule was added to the Federal Register on October 20, 2010.

Final Rules

  • Parties to SBS transactions are required to:
  1. "report certain information relating to pre-enactment security-based swaps to a registered security-based swap data repository after such registered security-based swap data repository is operational, or to the Commission;
  2. report information relating to pre-enactment security-based swaps to the Commission upon request;" and
  3. retain SBS information.

References

  1. Press Release - SEC Adopts Interim Rule to Require Reporting of Security-Based Swaps. SEC. Retrieved on October 13, 2010.

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