The reopening of the comment period and request for additional comment on capital, margin and segregation requirements for security-based swap dealers ("SBSDs") was published in the Federal Register. Comments must be submitted by November 19, 2018.
As previously covered, the SEC reopened the comment period, and requested additional comments, on proposed new rules and amendments to (i) establish capital, margin and segregation requirements for SBSDs and major security-based swap participants, and (ii) revise broker-dealer capital requirements relating to the use of security-based swaps.
Click here to access Cadwalader's Clients & Friends Memorandum on the SEC release and related security-based swap rulemaking matters.