SEC releases ‘road map’ for phasing in rules on derivatives

BVWireIssue #117-4
June 27, 2012

This month, the Securities and Exchange Commission (SEC) issued a policy statement describing the order in which it expects to implement new rules regulating the derivatives market. “The statement covers final rules to be adopted by the SEC under the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act,” according to the SEC press release, which also contains a link to the policy statement as well as the comments page.

“The policy statement seeks to provide a ‘road map’ to market participants and the public on how we expect to implement the various regulatory requirements for this market,” said SEC chair Mary Schapiro in the release. “We look forward to public comment on our anticipated sequencing as we continue to adopt and implement the rules under the law.” Public comments will be due 60 days after the policy statement is published in the Federal Register.

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