JPMorgan Chase & Co. (JPM:US), Citigroup Inc. (C:US) and other U.S. swap dealers would win some exemptions from Dodd- Frank Act regulations for their overseas swap trades under rules being considered by the Securities and Exchange Commission.
SEC commissioners are scheduled to vote at a meeting in Washington today on rules that would exempt U.S. swap dealers’ foreign branches from business conduct standards with their clients. The SEC proposal seeks a more limited reach than the Commodity Futures Trading Commission’s guidance released last year.
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