SEC Temporarily Extends Security-Based Swap Exemptions and Amends Order (Fed. Reg.)

The SEC published the revised Order and the announcement of the adoption of amendments to extend the expiration dates in its interim final rules in the Federal Register. The interim final rules provide exemptions for security-based swaps that are defined as "securities" under the Exchange Act and the Securities Act and, prior to July 16, 2011, were security-based swap agreements. Under the amendments, the expiration dates in the interim final rules will be extended from February 11, 2014, to February 11, 2017.

See:79 FR 7731; 79 FR 7570. See also:SEC Rule Release; SEC Order Extending Temporary Exemptions under the Exchange Act in Connection with the Revision of the Definition of "Security" to Encompass Security-Based Swaps; Request for Comment.Related news:SEC Extends Temporary Exemptions for Security-Based Swaps (Pre-Fed. Reg. Version) (February 5, 2014); FINRA Proposes to Extend Exemption for Security-Based Swaps (with Lofchie Comment) (January 8, 2014); SEC Order Temporarily Extends Security-Based Swap Exemptions (Fed. Reg. Version) (February 13, 2013).