SEC Interim Rule on Reporting for Security-Based Swaps

On October 13, the SEC adopted an interim final temporary rule, as required by the Dodd-Frank Act, requiring certain swaps dealers and other parties to report any security-based swaps entered into before July 21, the terms of which had not expired as of that date. The rule will remain in effect until the earlier of the operative date of the permanent recordkeeping and reporting rules for security-based swap transactions to be adopted by the SEC or January 12, 2012. Comments to the rule should be submitted within 60 days after publication in the Federal Register. SEC Interim Rule.