Accurate, Focused Research on Law, Technology and Knowledge Discovery Since 2002

You Are Here: Home » E-Government, Government Documents » Order Granting Temporary Exemptions from Sections of the Exchange Act for Broker-Dealers and Exchanges Effecting Transactions in Credit Default Swaps

Order Granting Temporary Exemptions from Sections of the Exchange Act for Broker-Dealers and Exchanges Effecting Transactions in Credit Default Swaps

by on

[Federal Register: January 2, 2009 (Volume 74, Number 1)] [Notices][Page 133-139] Order Pursuant to Section 36 of the Securities Exchange Act of 1934 Granting Temporary Exemptions From Sections 5 and 6 of the Exchange Act for Broker-Dealers and Exchanges Effecting Transactions in Credit Default Swaps, December 24, 2008.

  • I. Background – “In response to the recent turmoil in the financial markets, the Securities and Exchange Commission (“Commission”) has taken multiple actions to protect investors and ensure the integrity of the nation’s securities markets. Today, we are taking further action designed to address concerns related to the market in credit default swaps (“CDS”). The over-the-counter (“OTC”) market for CDS has been a source of concerns to us and other financial regulators. These concerns include the systemic risk posed by CDS, highlighted by the possible inability of parties to meet their obligations as counterparties and the potential resulting adverse effects on other markets and the financial system.”
  • Related postings on financial system
    • LinkedIn

    Sorry, comments are closed for this post.