ARRC Requests SEC No-Action Relief Regarding Treatment of Security-Based Swap (SBS) Risk-Free Rate Amendments | Practical Law
The Alternative Reference Rates Committee (ARRC) requested no-action relief from the SEC regarding the treatment of security-based swaps (SBS) that are amended or that are otherwise transitioned to reference risk-free rates (RFR) in connection with the discontinuation of LIBOR and other IBORs.