WASHINGTON, D.C. – Managed Funds Association President and CEO Bryan Corbett today issued the following statement in response to the U.S. Securities and Exchange Commission’s (SEC) proposed rule on security-based swap execution facilities:
“The hedge fund and alternative investment industry commends the SEC for undertaking rulemaking to build out the regulatory framework per the Dodd-Frank Act for security-based swaps platform trading. Providing broader access to all market participants and harmonizing the regulatory framework with the CFTC is an important step to guaranteeing the safety and stability of SBS markets and promoting more fair, open, competitive, and transparent markets. We look forward to reviewing and commenting on the agency’s proposal to ensure the final rule achieves these shared objectives.”
