The SEC adopted exemptions under the 1933 Act, the 1934 Act, and the Trust Indenture Act of 1939, for security-based swaps issued by clearing agencies satisfying certain conditions. The final rules exempt security-based swap transactions by clearing agencies from all provisions of the 1933 Act, other than the Section 17(a) anti-fraud provisions, 1934 Act registration requirements, and from the provisions of the Trust Indenture Act, provided certain conditions are met. The final rules become effective on April 16, 2012.
Click here to access the final rules.
