SEC Proposes Conduct Standards for Security-based Swap Dealers and Major Security-based Swap Participants under Dodd-Frank | Practical Law

SEC Proposes Conduct Standards for Security-based Swap Dealers and Major Security-based Swap Participants under Dodd-Frank | Practical Law

An update on proposed SEC rules under the Dodd-Frank Act on standards of conduct that security-based swap dealers (SBSDs) and major security-based swap participants (MSBSPs) will be required to observe when dealing with their customers.  The proposed rules aim to ensure that customers of SBSDs and MSBSPs are protected from abusive practices and to ensure that risk in security-based swaps is properly allocated between customers and dealers. 

SEC Proposes Conduct Standards for Security-based Swap Dealers and Major Security-based Swap Participants under Dodd-Frank

by PLC Finance
Published on 30 Jun 2011 • USA (National/Federal)
An update on proposed SEC rules under the Dodd-Frank Act on standards of conduct that security-based swap dealers (SBSDs) and major security-based swap participants (MSBSPs) will be required to observe when dealing with their customers. The proposed rules aim to ensure that customers of SBSDs and MSBSPs are protected from abusive practices and to ensure that risk in security-based swaps is properly allocated between customers and dealers.