Title VII of the Dodd-Frank Act: SEC Announces Steps to Address July 16 Effective Date

Sullivan & Cromwell LLP - June 10, 2011

The SEC announced today that β€œit is taking a series of actions in the coming weeks to clarify the requirements that will apply to security-based swap transactions as of July 16 – the effective date of Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act – and to provide appropriate temporary relief.”