Article
CFTC and SEC Propose Definitions for Major Swap Participants and Major Security-Based Swap Participants
The Commodity Futures Trading Commission ("CFTC") and Securities and Exchange Commission ("SEC") on December 1, 2010 and December 3, 2010, respectively, held open meetings to propose for public comment a joint rulemaking (individually and collectively "Proposed Rules"), to provide further definition to the terms "swap dealer," "securitybased swap dealer," "major swap participant," "major security-based swap dealer," and "eligible contract participant."
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