The Securities and Exchange Commission (SEC) is seeking comments on an extension request for information collection related to rules and forms used to register security-based swap entities (SBS Entities). As of September 2024, 53 entities are registered, with five more expected to register soon. The SEC uses this information to ensure applicants meet registration standards and maintain an information resource for the public. The public comment period for this request is open from December 16, 2024, to January 13, 2025.
Simple Explanation
The Securities and Exchange Commission (SEC) is asking people to share their thoughts about some rules for special businesses that swap, which is like trading, and need to sign up to make sure they follow the rules. They have 53 businesses already signed up and are expecting five more, and people can give their ideas from December 16, 2024, to January 13, 2025.