Securities Law Daily provides daily coverage of developments in the regulation of federal, state, and international securities and futures trading, with objective coverage of the...
March 24 — The Securities and Exchange Commission will vote March 30 on adopting a rule that lays out conduct standards for security-based swap dealers.
The rule, proposed in November 2011, would require those dealers and major security-based swap participants to communicate with counterparties in good faith about risks, conflicts of interest, clearing and other matters .
At the same open meeting, the agency will also decide whether to seek comment on updating its Regulation S-K disclosure regime.
The swap dealers rule is required under Section 764 of the Dodd-Frank Act. The comment period on the rule was reopened in mid-2013.
The Commodity Futures Trading Commission adopted related rules in February 2012.
The SEC has jurisdiction over security-based swaps but the CFTC oversees other types.
Regulation S-K outlines public company disclosures such as registration statements, annual reports and tender offers. It is a companion to Regulation S-X, which governs company financial statements.
Revisiting Regulation S-K is part of a broader disclosure effectiveness review. The Reg S-K move was forecast earlier this year when a Division of Corporation Finance official said modernizing disclosures was a “big, central” project .
The SEC sought comment in October on how to update Reg S-X .
To contact the reporter on this story: Rob Tricchinelli in Washington at firstname.lastname@example.org
To contact the editor responsible for this story: Phyllis Diamond at email@example.com
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to firstname.lastname@example.org.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).
This Bloomberg BNA report is available on standing order, which ensures you will all receive the latest edition. This report is updated annually and we will send you the latest edition once it has been published. By signing up for standing order you will never have to worry about the timeliness of the information you need. And, you may discontinue standing orders at any time by contacting us at 1.800.372.1033, option 5, or by sending us an email to email@example.com.
Put me on standing order
Notify me when new releases are available (no standing order will be created)