Rules Are Being Adopted Pursuant To, Among Other Statutory Provisions, Section 765 Of The Dodd-Frank Act, Which Specifically Directs Commission To Adopt Rules To Mitigate Conflicts Of Interest For Security-Based Swap Clearing Agencies
Portfolio Pulse from Benzinga Newsdesk
The SEC has adopted new rules under Section 765 of the Dodd-Frank Act to mitigate conflicts of interest for security-based swap clearing agencies. These rules aim to enhance the regulatory framework and promote market integrity.
November 16, 2023 | 6:26 pm
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NEUTRAL IMPACT
The SPDR S&P 500 ETF Trust (SPY) may experience indirect effects from the SEC's new rules as they could influence the overall market environment and the functioning of swap clearing agencies.
While the SPY ETF itself is not directly involved in security-based swap clearing, the new SEC rules may affect market stability and confidence, which in turn could have a minor impact on the broad market index that SPY tracks.
CONFIDENCE 75
IMPORTANCE 40
RELEVANCE 30