Comment Text:
17 CFR 23, RIN 3038-AF38
Revisions to Business Conduct and Swap Documentation Requirements for Swap Dealers
The proposed revisions are needed in order for regulatory compliance associated with the Securities and Exchange Commission and the Municipal Board. The regulatory additions would implement business conduct standards needed for the swap entities, proper disclosure of swap entities' transactions with other market entities required reporting, and refrain swap dealer's that take their own risks for management purposes. The Commodity's Trading Commission needs to approve the proposed additional regulations to ensure Commission's Market Participants Division are consistent with the rules of the SEC and CMB.
