The SEC adopted amendments and guidance concerning regulatory reporting and public dissemination of security-based swap transactions ("Regulation SBSR"). The final amendments were published in the Federal Register.

Compliance with Regulation SBSR will involve the following conditions:

  • reporting compliance must be the later of (1) six months after the date that the first registered security-based swap data repositories that can accept reports in the relevant asset class registers with the SEC, or (2) one month after the registration compliance date for security-based swap dealers. The same compliance date would apply to certain requirements that are applicable to SDRs.
  • public dissemination compliance must be within three months after the first compliance date.
  • reporting compliance for "historical" security-based swaps must be within two months after the second compliance date.

The final amendments, as revised, will be effective on October 11, 2016.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.