Document ID: SEC-2013-0126-0001
Agency: sec
Document Type: Proposed Rule
Title: Capital, Margin, and Segregation Requirements for Security-Based Swap Dealers and Major Security-Based Swap Participants and Capital Requirements for Broker-Dealers
Posted Date: 2013-01-22T05:00Z

[Federal Register Volume 78, Number 14 (Tuesday, January 22, 2013)]
[Proposed Rules]
[Pages 4365-4366]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-01053]

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SECURITIES AND EXCHANGE COMMISSION

17 CFR Part 240

[Release No. 34-68660; File No. S7-08-12]
RIN 3235-AL12

Capital, Margin, and Segregation Requirements for Security-Based 
Swap Dealers and Major Security-Based Swap Participants and Capital 
Requirements for Broker-Dealers

AGENCY: Securities and Exchange Commission.

ACTION: Proposed rule; extension of comment period.

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SUMMARY: On November 23, 2012, the Securities and Exchange Commission 
(``Commission'') published in the Federal Register a proposed rule for 
public comment to establish capital, margin, and segregation 
requirements for security-based swap dealers and major security-based 
swap participants under the Securities Exchange Act of 1934 (``Exchange 
Act'') and amend capital requirements for broker-dealers. The 
Commission is extending the time period in which to provide the 
Commission with comments.

DATES: Comments should be received on or before February 22, 2013.

[[Page 4366]]

ADDRESSES: Comments may be submitted by any of the following methods:

Electronic Comments

     Use the Commission's Internet comment form (http://www.sec.gov/rules/proposed.shtml);
     Send an email to rule-comments@sec.gov. Please include 
File Number S7-08-12 on the subject line; or
     Use the Federal eRulemaking Portal (http://www.regulations.gov). Follow the instructions for submitting comments.

Paper Comments

     Send paper comments in triplicate to Elizabeth M. Murphy, 
Secretary, Securities and Exchange Commission, 100 F Street NE., 
Washington, DC 20549-1090.
All submissions should refer to File Number S7-08-12. This file number 
should be included on the subject line if email is used. To help us 
process and review your comments more efficiently, please use only one 
method. The Commission will post all comments on the Commission's 
Internet web site (http://www.sec.gov/rules/proposed). Comments will 
also be available for Web site viewing and printing in the Commission's 
Public Reference Room, 100 F Street NE., Washington, DC 20549 on 
official business days between the hours of 10:00 a.m. and 3:00 p.m. 
All comments received will be posted without change; we do not edit 
personal identifying information from submissions. You should submit 
only information you wish to make available publicly.

FOR FURTHER INFORMATION CONTACT: Michael A. Macchiaroli, Associate 
Director, at (202) 551-5525; Thomas K. McGowan, Deputy Associate 
Director, at (202) 551-5521; Randall W. Roy, Assistant Director, at 
(202) 551-5522; Mark M. Attar, Branch Chief, at (202) 551-5889; Sheila 
Dombal Swartz, Special Counsel, at (202) 551-5545; Valentina M. Deng, 
Attorney, at (202) 551-5778; or Teen I. Sheng, Attorney, at 202-551-
5511, Division of Trading and Markets, Securities and Exchange 
Commission, 100 F Street NE., Washington, DC 20549-7010.

SUPPLEMENTARY INFORMATION: On November 23, 2012, the Commission issued 
Release No. 34-68071 soliciting comment on proposed rules and rule 
amendments establishing capital, margin, and segregation requirements 
for persons who register with the Commission as security-based swap 
dealers or major security-based swap participants and amending capital 
requirements for broker-dealers.\1\ The Commission originally requested 
that comments on this proposal be received by January 22, 2013. The 
Commission has recently been requested to extend the comment period and 
believes that extending the comment period is appropriate in order to 
give the public additional time to comment on the matters addressed by 
the release.\2\ This extension will allow for 91 days of comment which 
the Commission believes should provide the public with sufficient 
additional time to consider thoroughly the matters addressed by the 
release and to submit comprehensive responses to the release which 
would benefit the Commission in its consideration of the final rules. 
Therefore, the Commission is extending the public comment period for 31 
days until Friday, February 22, 2013.
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    \1\ See Exchange Act Release No. 68071 (Oct. 18, 2012), 77 FR 
70213 (Nov. 23, 2012).
    \2\ See Letter from Kenneth E. Bentson, Jr., Public Policy and 
Advocacy Executive Vice President, SIFMA, to Elizabeth M. Murphy, 
Secretary, Commission, dated Jan. 3, 2013; see also Letter from 
Richard M. Whiting, Executive Director and General Counsel, 
Financial Services Roundtable, to Elizabeth M. Murphy, Secretary, 
Commission, dated Jan. 2, 2013.

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    Dated: January 15, 2013.

    By the Commission.
Elizabeth M. Murphy,
Secretary.
[FR Doc. 2013-01053 Filed 1-18-13; 8:45 am]
BILLING CODE 8011-01-P