Statement At SEC Open Meeting On Final Rules Regarding Application Of Title VII Dealer De Minimis Requirements To Security-Based Swap Dealing Activity In The United States

Good morning.  This is an open meeting of the U.S. Securities and Exchange Commission on February 10, 2016 under the Government in the Sunshine Act.  The Commission today will consider a staff recommendation to adopt final rules to implement the last set of requirements regarding the trades that security-based swap dealers need to include in computing their dealer de minimis thresholds under Title VII of the Dodd-Frank Act, which determines whether a security-based swap dealer will be subject to the registration and other requirements of Title VII.