Reopening of Comment Periods for Certain Proposed Rulemaking Releases and Policy Statements Applicable to Security-Based Swaps

The Securities and Exchange Commission ("Commission') is reopening the comment periods for its outstanding rulemaking releases, published in the Federal Register and listed herein, that concern security-based swaps ("SB swaps') and SB swap market participants and were proposed pursuant to certain provisions of Title VII of the Dodd- Frank Wall Street Reform and Consumer Protection Act (the "Dodd-Frank Act') and the Securities Exchange Act of 1934 (the "Exchange Act'), among other provisions (together, the "Proposed Rules'). The Commission is also reopening the comment period for its Statement of General Policy on the Sequencing of the Compliance Dates for Final Rules Applicable to Security-Based Swaps adopted pursuant to the Exchange Act and the Dodd-Frank Act, published in the Federal Register on June 14, 2012 (the "Policy Statement'). The reopening of these comment periods is intended to allow interested persons additional time to analyze and comment upon the Proposed Rules and the Policy Statement in light of the Commission's proposal of substantially all of the rules required to be adopted by Title VII of the Dodd-Frank Act, its proposal of rules and interpretations addressing the application of the SB swap provisions of Title VII of the Dodd-Frank Act to cross-border SB swap transactions and non-U.S. persons that act in capacities regulated under the Dodd- Frank Act (the "Cross-Border Proposed Rules'), and the Commodity Futures Trading Commission's (the "CFTC') adoption of substantially all of the rulemakings establishing the new regulatory framework for swaps. All comments received to date on the Proposed Rules and the Policy Statement will be considered and need not be resubmitted.