Further Definition of "Swap Dealer," "Security-Based Swap Dealer," "Major Swap Participant," "Major Security-Based Swap Participant" and "Eligible Contract Participant"

In accordance with the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 ("Dodd-Frank Act'), the Commodity Futures Trading Commission ("CFTC') and the Securities and Exchange Commission ("SEC') (collectively, the "Commissions'), in consultation with the Board of Governors of the Federal Reserve System ("Board'), are adopting new rules and interpretive guidance under the Commodity Exchange Act ("CEA'), and the Securities Exchange Act of 1934 ("Exchange Act'), to further define the terms "swap dealer,' "security-based swap dealer,' "major swap participant,' "major security-based swap participant,' and "eligible contract participant.'