US - SEC approval of the first securities swap repository


On 7 May 2021, the SEC announced its approval of DTCC Data Repository (DDR) as the first US security-based swap data repository (SDR).

DDR will operate as a registered SDR for security-based swap transactions in the equity, credit and interest rate derivatives asset classes. The announcement also set November 8, 2021 as the first compliance date for Regulation SBSR, which provides for the reporting of security-based swap information to registered SDRs and for public dissemination of transaction, volume, and pricing information. Regulation SBSR is a key component of the security-based swap regulatory regime established by Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Dodd-Frank’s Title VII divided the regulatory oversight of derivatives between the SEC for security-based swaps and the Commodity Futures Trading Commission for all other swaps.

Head of Knowledge Management Strategy and Market Infrastructure - SGSS