[ by Howard Haykin ]

The SEC is re-proposing a rule for public comment that was originally introduced for public comment on 11/23/12.  The purpose of the proposed rules and rule amendments is to establish capital, margin, and segregation requirements for security-based swap dealers and major security-based swap participants under the Exchange Act of 1934, as well as to amend capital requirements for broker- dealers. 

The SEC initially published the proposal on 11/23/12, and the comment period was to run through 11/22/13.  As extended, the new SEC comment period on this rule runs through 2/22/13 - an additional 31 days.

Supplementary Information.   On 11/23/12, the SEC issued Proposed Rule Release No. 34-68071 covering proposed rules and rule amendments to establish capital, margin, and segregation requirements for persons who register with the SEC as security-based swap dealers or major security-based swap participants, as well as amending broker-dealer capital requirements. 

In response to requests for additional time to analyze the proposals, the SEC has agreed to add 31 days.   With this extension, interested persons will now have 91 days in total to analyze the rules and submit their comments, which  the Commission believes should be sufficient time to consider thoroughly the matters addressed by the release.

For further details, go to:  [SEC Proposed Rule Release 34-68660, 1/15/13].