Letters to the Regulator: Letter to the SEC on Conditional Substituted Compliance for Non US Swap Dealers and Participants

AFR submitted a comment letter to the Securities and Exchange Commission supporting the Commission’s proposals to require foreign security-based swap dealers and participants to abide by the SEC’s own set of capital and initial margin requirements as opposed to the less stringent Basel capital requirements. The letter is also calling on the Commission to require frequent disclosures for foreign swap participants seeking substituted compliance.

View or download a PDF of the letter here.