Covered associate of a swap dealer
WebAll domestic swap dealers are covered. 4. The “covered associates” of a swap dealer are the swap dealer’s: (1) central leadership; (2) employees who deal in swaps with government entities (as well as their supervisors); and (3) PACs. 5. A covered associate includes “Any general partner, managing member, or executive WebJun 25, 2024 · applicable to swap dealers, major swap participants, security-based swap dealers and major security-based swap participants. See7 U.S.C. 1a(39). 3 A “swap” is …
Covered associate of a swap dealer
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WebNov 4, 2024 · Rule 206 (4)-5 has a de minimis exception that permits covered associates to make aggregate contributions of up to $350 per election (primary and general … Web( iii) A statement that in the event either the swap dealer or major swap participant or its counterparty is a covered financial company (as defined in section 201 (a) (8) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, 12 U.S.C. 5381 (a) (8)) or an insured depository institution for which the Federal Deposit Insurance …
Web(2) The term covered associate means: (i) Any general partner, managing member or executive officer, or other person with a similar status or function; (ii) Any employee who solicits a municipal entity to enter into a security-based swap with the security-based swap dealer and any person who supervises, directly or indirectly, such employee; and WebDefinition of “Swap Dealer” The definition of “swap dealer” (“SD”) may be the most important definition under Title VII of the Dodd-Frank Act. It will largely determine which market participants are pervasively regulated.
WebApr 13, 2024 · Along with the updates to Regulations S-P and SCI, the SEC proposed a new cybersecurity risk management rule on March 15, 2024 that would apply to “broker-dealers, the Municipal Securities Rulemaking Board, clearing agencies, major security-based swap participants, national securities associations, national securities exchanges, security ... WebApr 5, 2024 · The following broker-dealers registered with the Commission would be Covered Entities: (1) broker-dealers that maintain custody of securities and cash for customers or other broker-dealers ( i.e., carrying broker-dealers); (2) broker-dealers that introduce their customers' accounts to a carrying broker-dealer on a fully disclosed basis …
WebJul 29, 2024 · Thanks to recent actions taken by the Commodity Futures Trading Commission (CFTC) and the five US prudential regulators responsible for the uncleared swap margin rules for bank swap dealers, 1 most US end user participants in the derivatives markets (i.e., anyone other than a swap dealer) will now not be at risk for …
Web(2) The term “covered associate” means: (i) Any general partner, managing member, or executive officer, or other person with a similar status or function; (ii) Any employee who solicits a governmental Special Entity for the swap dealer and any person … Subpart H - Business Conduct Standards for Swap Dealers and Major Swap … (2) A swap dealer or major swap participant shall be deemed to have a reasonable … st james church of england wetherbyWebDSIO’s interpretation of Regulation 23.451 clarifying staff’s view that a swap dealer’s contributions for transition or inaugural expenses incurred by a successful candidate are only covered by the rule to the extent that such expenses are incurred by a successful candidate for a position as an official of a governmental Special Entity. st james church of england school hanneyWebAug 11, 2024 · The NFA regulates all qualified brokers, futures merchants, commodity pool operators, swap dealers, exchanges, commodity trading advisors, and retail foreign exchange dealers that deal in the... st james church omahaWebSep 10, 2016 · The “covered associates” of a swap dealer are the swap dealer’s: (1) central leadership; (2) employees who deal in swaps with government entities (as well as … st james church oneonta nyWebregistration of key market participants (swap dealers, security-based swap dealers, major swap participants, major security-based swap participants, central clearing entities, … st james church ormskirkWebA swap dealer (SD) is an entity that holds itself out as a dealer in swaps; makes a market in swaps; regularly enters into swaps with counterparties as an ordinary course of business for its own account; or engages in any activity causing the entity to be commonly known in the trade as a dealer or market maker in swaps. st james church owton manorWeb(2) The term covered associate means: (i) Any general partner, managing member or executive officer, or other person with a similar status or function; (ii) Any employee who … st james church of england weybridge