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SEC proposes swap dealer, participant definitions required by Dodd-Frank

from Bloomberg

The U.S. Securities and Exchange Commission proposed definitions to determine which firms will face higher capital and margin requirements under new rules for the $583 trillion over-the-counter swaps market. SEC commissioners voted 5-0 to seek comment on proposals designed to match those endorsed by the Commodity Futures Trading Commission in a 3-2 vote on Dec. 1. more

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