SEC Will Consider Swap Rules on April 27

The SEC's next Open Meeting is scheduled for April 27, 2011.  The subject matter will be:

• The Commission will consider whether to propose joint rules with the Commodity Futures Trading Commission relating to the definitions of “Swap,” “Security-Based Swap,” “Security-Based Swap Agreement,” the regulation of mixed swaps, and books and records requirements regarding security-based swap agreements.
• 
  The Commission will consider whether to propose regulations with respect to removing references to credit ratings in various rules under the Securities Exchange Act of 1934.