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March 21, 2016

T-0 for SEC Reg SBSDR Compliance Date

Hello friends. As the screenshot above indicates, today is Compliance Date for Securities Based Swaps Data Repositories to register under SEC Regulation SBSDR, which is a critical milestone on the way to Compliance Date for SEC Regulation SBSR.

Hello friends. As the screenshot below indicates, the 18th was Compliance Date for Securities Based Swaps Data Repositories to register under SEC Regulation SBSDR, which is a critical milestone on the way to Compliance Date for SEC Regulation SBSR. As of 4PM Eastern Daylight Time, the list of registrants is empty. Has anyone else noticed?

Meanwhile, on the flip side, for firms that have upgraded their license to cover SEC,  Validate.Trade V1.12 (https://riskfocus.com/report-it-trade/validate-trade/), which we released on Monday, March 14th, contains a comprehensive set of SEC SBSR validation rules that are based on the current SEC Technical Specification and the DTCC’s GTR Functional Change Document (FCD). This is our commitment to have Beta versions of regulatory validation rules as soon as the specs are known, and Pre-UAT versions months ahead of when SDRs make UAT environments available.

I'm interested to hear everyone's thoughts regarding whether they expect a new Reg SBSR timeline to be announced, as well as what that might entail.

Regards,

Lloyd


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