Document ID: SEC-2016-0439-0001
Agency: sec
Document Type: Rule
Title: Security-Based Swap Dealer De Minimis Exceptions: Security-Based Swap Transactions Connected with a Non-U.S. Person's Dealing Activity that are Arranged, Negotiated, or Executed by Personnel Located in a U.S. Branch or Office or in a U.S. Branch or Office of an Agent
Posted Date: 2016-03-11T05:00Z

[Federal Register Volume 81, Number 48 (Friday, March 11, 2016)]
[Rules and Regulations]
[Page 12821]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: C1-2016-03178]

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SECURITIES AND EXCHANGE COMMISSION

17 CFR Part 240

[Release No. 34-77104; File No. S7-06-15]
RIN 3235-AL73

Security-Based Swap Transactions Connected With a Non-U.S. 
Person's Dealing Activity That Are Arranged, Negotiated, or Executed by 
Personnel Located in a U.S. Branch or Office or in a U.S. Branch or 
Office of an Agent; Security-Based Swap Dealer De Minimis Exception

Correction

    In rule document 2016-03178, appearing on pages 8598-8637, in the 
issue of Friday, February 19, 2016, make the following corrections:
    1. On page 8604, at the bottom of the page, footnotes 55, 56, 57, 
58, and 59 were inadvertently duplicated and these duplicate set of 
footnotes should not have appeared in the published document.
    2. On page 8605, in the second column, the heading titled ``e. 
Current Estimates of Number of Security-Based Wwap Dealers'' should 
read ``e. Current Estimates of Number of Security-Based Swap Dealers''.
    3. On page 8606, at the bottom page, footnote 75 was inadvertently 
duplicated and this duplicate footnote should not have appeared in the 
published document.
    4. On page 8606, at the bottom of the page, footnote 77 was 
inadvertently omitted and it should have appeared as follows:
    ``\77\ Commission staff analysis of TIW transaction records 
indicates that approximately 99 percent of single-name CDS price-
forming transactions in 2014 involved an ISDA-recognized dealer.''
    5. On page 8611, at the bottom of the page, in the first column, 
footnote 107, should read:
    ``\107\ See Section II.A.3, supra, for an analysis of the 
proportion of the security-based swap market that constitutes 
interdealer transactions. For the purposes of this analysis we classify 
any security-based swap transaction between two ISDA-recognized dealers 
as interdealer activity.''

[FR Doc. C1-2016-03178 Filed 3-10-16; 8:45 am]
 BILLING CODE 1505-01-D