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Security-Based Swap Dealers: Preparing for Trade Reporting

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Compliance Reporter, Issue 19, September 19, 2016

This article first appeared in Compliance Reporter.

A key hurdle in preparing for life as a security-based swap dealer (SBSD) will be implementing operational changes and written policies and procedures to report new security-based swaps (SBS) and backload legacy trades. These requirements are included in the trade reporting regime, known as Regulation SBSR, that was recently finalized by the Securities and Exchange Commission.