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2019-08-22
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Capital, Margin, and Segregation Requirements for Security-Based Swap Dealers and Major Security-Based Swap Participants and Capital and Segregation Requirements for Broker-Dealers
Part II
Rules and Regulations
D09002ee1bdb6e30b
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United States
Securities and Exchange Commission
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org
United States Government Agency or Subagency
In accordance with the Dodd-Frank Wall Street Reform and Consumer Protection Act (``Dodd-Frank Act''), the Securities and Exchange Commission (``Commission''), pursuant to the Securities Exchange Act of 1934 (``Exchange Act''), is adopting capital and margin requirements for security-based swap dealers (``SBSDs'') and major security-based swap participants (``MSBSPs''), segregation requirements for SBSDs, and notification requirements with respect to segregation for SBSDs and MSBSPs. The Commission also is increasing the minimum net capital requirements for broker-dealers authorized to use internal models to compute net capital (``ANC broker-dealers''), and prescribing certain capital and segregation requirements for broker-dealers that are not SBSDs to the extent they engage in security-based swap and swap activity. The Commission also is making substituted compliance available with respect to capital and margin requirements under Section 15F of the Exchange Act and the rules thereunder and adopting a rule that specifies when a foreign SBSD or foreign MSBSP need not comply with the segregation requirements of Section 3E of the Exchange Act and the rules thereunder.
84 FR 43872
https://www.govinfo.gov/app/details/FR-2019-08-22/2019-13609
2019-13609
fr22au19-21
RIN 3235-AL12
8011-01-P
Release No. 34-86175
File No. S7-08-12
https://www.govinfo.gov/app/details/FR-2019-08-22/2019-13609
https://www.govinfo.gov/content/pkg/FR-2019-08-22/html/2019-13609.htm
https://www.govinfo.gov/content/pkg/FR-2019-08-22/pdf/2019-13609.pdf
Administrative Practice and Procedure
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206 p.
43872
44077
84 FR 43872
Code of Federal Regulations
Title 17 Part 200
17 CFR Part 200
Code of Federal Regulations
Title 17 Part 240
17 CFR Part 240
Regulation Identification Number 3235-AL12
RIN 3235-AL12
Capital, Margin, and Segregation Requirements for Security-Based Swap Dealers and Major Security-Based Swap Participants and Capital and Segregation Requirements for Broker-Dealers; Federal Register Vol. 84, Issue
RULE
2019-13609
II
SECURITIES AND EXCHANGE COMMISSION
2019-10-21
Release No. 34-86175
File No. S7-08-12
8011-01-P
2019-13609
Final rule.
In accordance with the Dodd-Frank Wall Street Reform and Consumer Protection Act (``Dodd-Frank Act''), the Securities and Exchange Commission (``Commission''), pursuant to the Securities Exchange Act of 1934 (``Exchange Act''), is adopting capital and margin requirements for security-based swap dealers (``SBSDs'') and major security-based swap participants (``MSBSPs''), segregation requirements for SBSDs, and notification requirements with respect to segregation for SBSDs and MSBSPs. The Commission also is increasing the minimum net capital requirements for broker-dealers authorized to use internal models to compute net capital (``ANC broker-dealers''), and prescribing certain capital and segregation requirements for broker-dealers that are not SBSDs to the extent they engage in security-based swap and swap activity. The Commission also is making substituted compliance available with respect to capital and margin requirements under Section 15F of the Exchange Act and the rules thereunder and adopting a rule that specifies when a foreign SBSD or foreign MSBSP need not comply with the segregation requirements of Section 3E of the Exchange Act and the rules thereunder.
Effective date: October 21, 2019.
Michael A. Macchiaroli, Associate Director, at (202) 551-5525; Thomas K. McGowan, Associate Director, at (202) 551-5521; Randall W. Roy, Deputy Associate Director, at (202) 551-5522; Raymond Lombardo, Assistant Director, at 202-551-5755; Sheila Dombal Swartz, Senior Special Counsel, at (202) 551-5545; Timothy C. Fox, Branch Chief, at (202) 551-5687; Valentina Minak Deng, Special Counsel, at (202) 551-5778; Rose Russo Wells, Senior Counsel, at (202) 551-5527; or Nina Kostyukovsky, Special Counsel, at (202) 551-8833, Division of Trading and Markets, Securities and Exchange Commission, 100 F Street NE, Washington, DC 20549-7010.
Administrative Practice and Procedure
Authority Delegations (Government Agencies)
Civil Rights
Classified Information
Conflicts of Interest
Environmental Impact Statements
Equal Employment Opportunity
Federal Buildings and Facilities
Freedom of Information
Government Securities
Organization and Functions (Government Agencies)
Privacy
Reporting and Recordkeeping Requirements
Sunshine Act
Brokers
Confidential Business Information
Fraud
Securities
Capital, Margin, and Segregation Requirements for Security-Based Swap Dealers and Major Security-Based Swap Participants and Capital and Segregation Requirements for Broker-Dealers
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