![United States: SEC Adopts Rule To Exempt Certain SBSEFs And SBSDs From Registering As Clearing Agencies - Cadwalader, Wickersham & Taft LLP](https://cdn.newsserve.net/ONPglobe256.png)
United States: SEC Adopts Rule To Exempt Certain SBSEFs And SBSDs From Registering As Clearing Agencies - Cadwalader, Wickersham & Taft LLP
The SEC adopted a final rule conditionally exempting certain security-based swap execution facilities ("SBSEF") and security-based swap dealers ("SBSD") from the requirement to also register as clearing agencies.
Full Article