This story appeared in Bank Digest.
The Securities and Exchange Commission has issued a policy statement describing the order in which it expects new rules regulating the derivatives market would take effect. The statement covers final rules to be adopted by the SEC under the Dodd-Frank Act.
“The policy statement seeks to provide a ‘roadmap’ to market participants and the public on how we expect to implement the various regulatory requirements for this market,” said Chairman Mary L. Schapiro. “We look forward to public comment on our anticipated sequencing as we continue to adopt and implement the rules under the law.”