Dodd-Frank Delay: SEC Issues Further Temporary Securities Law Exemptions for Security-based Swaps | Practical Law
An update on an interim final rule and exemptive order issued by the SEC further clarifying which US securities laws will apply to security-based swaps when the core provisions of Title VII of the Dodd-Frank Act take effect on July 16, 2011. The SEC also extended temporary exemptions for certain credit default swaps until related final rules become effective, and provided limited exemptions from certain Dodd-Frank clearing agency registration requirements.