SEC Extends Comment Period for Proposed Rule Regulating Security-Based Swap Dealers

On November 23, 2012, the SEC published a proposed rule for public comment to establish capital, margin, and segregation requirements for security-based swap dealers and major security-based swap participants under the Securities Exchange Act of 1934 and amend capital requirements for broker-dealers. The Commission is extending the time period in which to provide the Commission with comments. until February 22, 2013.

Capital, Margin, and Segregation Requirements for Security-Based Swap Dealers and Major Security-Based Swap Participants and Capital Requirements for Broker-Dealers