Russell Sacks

Shearman & Sterling explains SEC Moving Closer to Registration of Security-Based Swap Dealers and Major Security-Based Swap Participants

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On August 5, 2015, the US Securities and Exchange Commission (“SEC”) took several incremental steps toward completing its regulatory framework for security‑based swap dealers and majority security‑based swap participants (“SBS Entities”). The SEC unanimously adopted final rules (the “Final Rules”) …