In response to the U.S. Securities and Exchange (“SEC”) and the Commodity Futures Trading Commissions’ (“Commissions”) request for comments on joint proposed rules and proposed interpretations regarding certain definitions of terms contained in Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act”), NAFA President & CEO, Kim O’Brien, addressed the misapplication of the term “swap” (a.k.a. Security-Based Swap or Security Based Swap Agreement).
Click here to view the original press release.
Click here to view NAFA’s full comments statement.