SEC Reopens Comment Period On Capital, Margin And Segregation Requirements For SBSDs

The SEC reopened the comment period, and requested additional comments, on proposed new rules and amendments to (i) establish capital, margin and segregation requirements for security-based swap dealers ("SBSDs") and major security-based swap participants, and (ii) revise broker-dealer capital requirements relating to the use of security-based swaps.

In October 2012, the SEC proposed capital, margin and segregation requirements for security-based swap dealers and major security-based swap participants that do not have prudential regulators. The comment period has been reopened to (i) solicit feedback on all aspects of the proposals in light of recent regulatory and market developments and (ii) seek comments on aspects of the proposals in the following areas: capital, margin, segregation, substituted compliance, compliance dates and the economic implications of the proposals.