On June 18th, the SEC and the Commodity Futures Trading Commission (CFTC) published a joint request for comment to explore ways to update derivatives definitions and clarify interpretive issues under Title VII of Dodd‑Frank. The agencies seek to ensure that regulatory frameworks keep up with ever changing and developing market structures, new financial products, and modern trading practices.
The request focuses on how to improve the following:
- swap and security‑based swap definitions
- treatment of mixed swaps
- oversight of novel or emerging products
- jurisdictional and interpretive questions
- areas needing clearer regulatory lines
- potential alternative compliance approaches
For more information on the Further Definition of “Swap” and “Security-Based Swap” and on Alternative Compliance joint request for comment, please visit the SEC’s site.
The SEC and CFTC welcome comments as feedback supports fair competition, mitigate uncertainty, and enhance coordination between the two regulators. The public comment period will remain open for 60 days following publication in the Federal Register.
Sources:
SEC Proposes Rescission of Climate-Related Disclosure Rules (sec.gov)
Joint Request for Comment on Further Definition of “Swap” and “Security-Based Swap” and on Alternative Compliance (sec.gov)
