SEC publishes draft 2024 Security-Based Swap (SBS) taxonomy

Posted on April 7, 2024 by Editor

Late last year the Securities and Exchange Commission (SEC) adopted its final rule on Security-Based Swap Execution and Registration of Security-Based Swap Execution Facilities (SBSEF). Following this, the SEC has now published an initial draft of the 2024 Security-Based Swap (SBS) taxonomy to facilitate the implementation of the rule.

This SBSEF rule addresses critical conflict of interest and efficiency issues in the world of security-based swaps and establishes a structured framework for their registration and regulation. Swap trading entities are obliged to provide a range of compliance, financial strength, conflict of interest and risk management information to EDGAR.

The draft Security-Based Swap (SBS) taxonomy will facilitate digital filing. Stakeholders are encouraged to review the draft taxonomy files available on the SEC’s website and provide feedback by 27 May 2024.

Find the files here.

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