SIFMA Statement on SEC’s Adoption of Capital, Margin and Segregation Requirements for Security-Based Swap Dealers

Washington, D.C., June 21, 2019 – SIFMA today issued the following statement from Kenneth E. Bentsen, Jr., SIFMA President and CEO, on the SEC’s adoption of capital, margin, and segregation requirements for security-based swap dealers and major security-based swap participants:

“SIFMA appreciates the Securities and Exchange Commission taking this important step towards finalizing its capital, margin and segregation requirements for non-bank securities-based swap dealers and broker-dealers, which are critically important to both dealers and their clients.  SIFMA looks forward to working with the Commission on these requirements, the remaining Title VII rulemaking, and implementation of its securities-based swap regulatory framework.”

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SIFMA is the leading trade association for broker-dealers, investment banks and asset managers operating in the U.S. and global capital markets. On behalf of our industry’s nearly 1 million employees, we advocate for legislation, regulation and business policy, affecting retail and institutional investors, equity and fixed income markets and related products and services. We serve as an industry coordinating body to promote fair and orderly markets, informed regulatory compliance, and efficient market operations and resiliency. We also provide a forum for industry policy and professional development. SIFMA, with offices in New York and Washington, D.C., is the U.S. regional member of the Global Financial Markets Association (GFMA). For more information, visit http://www.sifma.org.