Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”) established a comprehensive regulatory framework for security-based swaps and swaps. Under this framework, the Securities and Exchange Commission regulates security-based swaps, the Commodity Futures Trading Commission regulates swaps, and the two agencies jointly regulate mixed swaps. Here you will find information about compliance with the Title VII regulatory framework for security-based swaps.

• [+]Security-Based Swaps

  • Report on Security-Based Swaps (Issued on November 17, 2023)
  • Report on Security-Based Swaps (Issued on March 20, 2023)
  • Report on Security-Based Swaps (Based on Trade State Data for March 31, 2022)
  • Commission Statement Concerning a Request for an Interpretation as to Whether a Particular Agreement is a Swap, Security-Based Swap, or Mixed Swap
  • Staff FAQs

• [+]Security-Based Swap Dealers and Major Security-Based Swap Participants

  • Applications and Notices by Security-Based Swap Dealers or Major Security-Based Swap Participants for Statutorily Disqualified Associated Persons to Effect or Be Involved in Effecting Security-Based Swap Transactions (Rule of Practice 194)
  • Key Dates for Market Participants
    • Key Dates for Registration of Security-Based Swap Dealers and Major Security-Based Swap Participants
    • Data Collection Initiation Date and Contingent Phase-In Termination Date for the De Minimis Notional Thresholds of Security-Based Swap Dealing
  • No Action and Interpretive Letters
  • Frequently Asked Questions
  • Staff Statement on Submitting Notices, Statements, Applications, and Reports for Security-Based Swap Dealers and Major Security-Based Swap Participants Pursuant to the Financial Responsibility Rules (Exchange Act Rules 18a-1 through 18a-10)
  • ANE Exception: Conditional Exception to Counting Certain Transactions Arranged, Negotiated, or Executed by U.S. Personnel Toward Security-Based Swap Dealer De Minimis Thresholds
    • Listed Jurisdiction Applications for Security-Based Swap Markets 
    • ANE Exception Notices: Notices of Reliance on the Conditional Exception 
  • Security-Based Swap Valuation Dispute Notices
  • List of Registered Security-Based Swap Dealers and Major Security-Based Swap Participants

• [+]Substituted Compliance

  • Applying for Substituted Compliance
    • Staff Guidance—Elements of an Application for Substituted Compliance
    • Staff Guidance—Information Regarding Foreign Regulatory Requirements for Substituted Compliance Applications
    • Staff Questionnaire—Information Regarding Foreign Supervisory Compliance and Enforcement Programs for Substituted Compliance Applications
  • Jurisdiction-Specific Applications, Orders and Memoranda of Understanding
  • Other Substituted Compliance Orders and Staff Statements
  • Substituted Compliance Notices

• [+]Security-Based Swap Data Repositories

  • Frequently Asked Questions on Regulation SBSR
  • Key Information for Registration and Regulation of Security-Based Swap Data Repositories
  • Data Collection Initiation Date and Contingent Phase-In Termination Date for the De Minimis Notional Thresholds of Security-Based Swap Dealing
  • Data Access
    • Order Determining that the Financial Industry Regulatory Authority Conditionally May Access Certain Security-Based Swap Data Obtained by Security-Based Swap Data Repositories
    • Confidentiality Agreement between SEC and FINRA
    • Incoming Letter from FINRA to SEC