Observations from Examinations Related to Security-Based Swap Dealers

Today the Division of Examinations published a Risk Alert presenting examination and outreach observations concerning compliance with rules applicable to security-based swap dealers. In sharing these observations, the Division seeks to remind security-based swap dealers of their obligations under relevant security-based swap rules and encourage security-based swap dealers to consider improvements in their compliance programs, as may be appropriate, to further compliance with Exchange Act requirements.

The Risk Alert presents observations in the following areas (1) reporting of security-based swap transactions and correction of reporting errors; (2) business conduct standards; (3) security-based swap trading relationship documentation and portfolio reconciliation; and (4) recordkeeping.

View the Risk Alert: Observations Related to Security-Based Swap Dealers