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This form is utilized by security-based swap dealers and major security-based swap participants to apply for ongoing registration with the Securities and Exchange Commission (SEC). It includes instructions

How to fill out certification for registration of

How to fill out Certification for Registration of Security-based Swap Dealers and Major Security-based Swap Participants

1. Obtain the official form for Certification for Registration from the regulatory authority's website.
2. Read the instructions carefully to understand the requirements for the fill-out process.
3. Provide your legal entity name and any necessary identifiers.
4. Complete the sections detailing your business activities related to security-based swaps.
5. Include information about your financial condition and previous trading history.
6. Disclose control persons and executive officers, along with their backgrounds.
7. Ensure compliance with all applicable regulations related to security-based swaps.
8. Review the entire document for accuracy and completeness.
9. Sign and date the certification.
10. Submit the completed form to the regulatory body as instructed.

Who needs Certification for Registration of Security-based Swap Dealers and Major Security-based Swap Participants?

1. Any entity that intends to engage in security-based swap activities as a dealer or major participant must obtain this certification.

People Also Ask about

Who regulates security-based swap dealers?

Title VII of Dodd-Frank established a regulatory framework to be jointly implemented by the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). The SEC regulates Security-Based Swaps (SBS) and Security-Based Swap Dealers (SBSD).

What is a securities based swap dealer?

The term security-based swap dealer in general means any person who: (1) Holds itself out as a dealer in security-based swaps; (2) Makes a market in security-based swaps; (3) Regularly enters into security-based swaps with counterparties as an ordinary course of business for its own account; or.

What is a major swap participant?

— The term “security-based swap” includes any agreement, contract, or transaction that is as described in subparagraph (A) and also is based on the value of 1 or more interest or other rates, currencies, commodities, instruments of indebtedness, indices, quantitative measures, other financial or economic interest or

Who is a major security-based swap participant?

A person that is a major security-based swap participant in general shall be deemed to be a major security-based swap participant with respect to each security-based swap it enters into, regardless of the category of the security-based swap or the person's activities in connection with the security-based swap, unless

Who must register as a swap dealer?

A firm acting as a futures commission merchant (FCM), an introducing broker (IB), commodity pool operator (CPO) or commodity trading advisor (CTA) with respect to swaps subject to the jurisdiction of the U.S. Commodity Futures Trading Commission (CFTC) must register as a swap intermediary through NFA's Online

What qualifies as a security-based swap?

The term security-based swap dealer in general means any person who: (1) Holds itself out as a dealer in security-based swaps; (2) Makes a market in security-based swaps; (3) Regularly enters into security-based swaps with counterparties as an ordinary course of business for its own account; or.

What is a major security-based swap participant?

— The term “major security-based swap participant” means any person— (i) who is not a security-based swap dealer; and (ii) (I) who maintains a substantial position in security-based swaps for any of the major security-based swap categories, as such categories are determined by the Commission, excluding both positions

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What is Certification for Registration of Security-based Swap Dealers and Major Security-based Swap Participants?

Certification for Registration of Security-based Swap Dealers and Major Security-based Swap Participants is a formal process established by regulatory authorities requiring entities engaged in security-based swap activities to officially register themselves, demonstrating compliance with relevant regulations and standards.

Who is required to file Certification for Registration of Security-based Swap Dealers and Major Security-based Swap Participants?

Entities wishing to operate as security-based swap dealers or major security-based swap participants, which typically includes firms that trade security-based swaps as a principal or on behalf of others, are required to file this certification.

How to fill out Certification for Registration of Security-based Swap Dealers and Major Security-based Swap Participants?

To fill out the certification, entities must provide accurate and detailed information regarding their business structure, operations, compliance measures, risk management practices, and any other relevant data as prescribed by the regulatory authority.

What is the purpose of Certification for Registration of Security-based Swap Dealers and Major Security-based Swap Participants?

The purpose is to ensure that firms engaged in security-based swaps meet the necessary regulatory requirements, promoting transparency, stability, and integrity in the financial markets.

What information must be reported on Certification for Registration of Security-based Swap Dealers and Major Security-based Swap Participants?

The certification must include details such as the firm's organizational structure, supervisory framework, financial conditions, compliance policy, risk management strategies, and any disclosures required by the regulatory authorities.