The SEC has approved registration of the first security-based swap execution facilities (SBSEFs) under the Exchange Act. These SBSEFs may now submit to the SEC certain security-based swaps (SBS) as made available to trade, or MAT, which could require such SBS to be traded on an SBSEF or another registered exchange.
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SEC Approves Registration of First Security-Based Swap Execution Facilities (SBSEFs)
