The Securities and Exchange Commission voted unanimously to propose new rules entailing how security-based swap transactions should be reported and publicly disseminated. The rules are proposed under Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which generally authorizes the SEC to regulate security-based swaps. 

"This proposal lays out who must do security-based swap reporting, what information must be reported, and where and when it must be reported," said SEC Chairman Mary L. Schapiro. "These rules would provide for post-trade transparency in the security-based swap markets, and are designed to provide all market participants access to transaction information at the same time."

The SEC is seeking public comment on the proposed rules for a period of 45 days following its publication in the Federal Register.

Press release