SEC Proposes Rules to Mitigate Conflicts of Interest for Security-Based Swaps

On October 13, the SEC proposed rules, known as Proposed Regulation MC, to mitigate conflicts of interest for security-based swap clearing agencies, security-based swap execution facilities, and national securities exchanges that post security-based swaps or make them available for trading, by requiring them to adopt ownership and voting limitations and certain governance requirements. Comments to the rule should be submitted within 30 days after publication in the Federal Register. SEC Release.