Public Comment Period Reopened for Proposed SEC Rule on Position Reporting of Large Security-Based Swap Positions

The Securities and Exchange Commission (SEC) has reopened the comment period for its proposed rule on position reporting of large security-based swap positions that exceed certain thresholds. The staff of the Division of Economic and Risk Analysis at the SEC have also now released a memorandum providing additional data and analysis related to the suggested thresholds in the equity security-based swap market. Those wishing to comment on the proposed rules have until August 21, 2023, or until 30 days after the reopening release’s publication in the Federal Register (whichever is later) to do so. This new round of comment provides the public with an opportunity to share their thoughts on the specific details of the proposed regulation before the SEC moves forward with finalizing it.