Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Monday, April 2, 2012

SEC Issues Final Rule on Exemptions for Security-Based Swaps Issued by Clearing Agencies

The SEC issued a final rule on EXEMPTIONS FOR SECURITY-BASED SWAPS ISSUED BY CERTAIN CLEARING AGENCIES (Download 33-9308[1]). The final rules exempt transactions by clearing agencies in these security-based swaps from all provisions of the Securities Act, other than the Section 17(a) anti-fraud provisions, as well as exempt these security-based swaps from Exchange Act registration requirements and from the provisions of the Trust Indenture Act, provided certain conditions are met.  They are effective April 16, 2012.

http://lawprofessors.typepad.com/securities/2012/04/sec-issues-final-rule-on-exemptions-for-security-based-swaps-issued-by-clearing-agencies.html

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