Examples of SEC Filer in a sentence
For example, an affiliate that also is an SEC Filer must receive a governing board’s approval for electing the proposed exemption.
The Commission also believes that SEC Filer reporting is a prudent practice.
In addition, Section 2(j) of the CEA provides that any exception to the clearing requirement of Section 2(h)(1) of the CEA and the trading requirement of Section 2(h)(8) of the CEA are only available to an SEC Filer if the decision to enter into swaps subject to such exceptions has been reviewed by an appropriate committee of the governing body of the SEC Filer.
SEC FilersIn accordance with Section 2(j) of the CEA, the proposed rule required a committee of the board of directors (or equivalent body) of an SEC Filer to approve the decision not to clear the swap for which the end-user exception would be elected.
Proposed Rule 39.6 would simply require an indication of each method used to mitigate the credit risk associated with non-cleared swaps.Additional boxes would indicate whether finance affiliate or a SEC Filer is involved.
The first part covers the reporting requirements under the rule generally, the second addresses the SEC Filer reporting requirements, and the third provides specific cost estimates.
Affiliates would incur costs to satisfy the conditions that the reporting party (1) identify how the affiliates expect to meet the financial obligations associated with their uncleared swap as required under proposed § 39.6(g)(4)(ii), and (2) provide the information required under proposed § 39.6(g)(4)(iii) if either electing affiliate is an SEC Filer.
Regulation 39.6(b)(1)(iii)(D)( 2) would require reporting of confirmation by the SEC Filer that such review has occurred.
At the same time, the reporting requirement, while limited, still confirms that a committee of the governing board of the SEC Filer using the end-user exception has102 See, e.g., Hess, EEI & EPSA, NGSA, CDEU,EMUS, SDG & E, WGCEF, Mr. Quinlivan, Cravath,100 See 77 FR 2136 at 2207 (Jan.
Securities and Exchange Commission (SEC) Filer An entity that is required to file or furnish its financial statements with either of the following: a.