Address Effective Date

SEC Steps to Address Effective Date of Title VII of Dodd-Frank

On June 10, the SEC announced that it will take certain steps to clarify requirements applicable to security-based swap transactions as of July 16, which is the effective date of Title VII of the Dodd-Frank Act (which authorizes the SEC to regulate security-based swaps). These actions include providing temporary relief from certain provisions of Title VII, as well as from various pre-Dodd-Frank provisions of the Exchange Act. SEC Release.