Joint Request for Comment on Further Definition of “Swap” and “Security-Based Swap” and on Alternative Compliance

The Commodity Futures Trading Commission and the Securities and Exchange Commission are proposing a rule that seeks public comments on how to clarify the definitions of 'Swap' and 'Security-Based Swap.' This proposal aims to help companies that create innovative financial products that may fall under both agencies' regulations. The deadline for submitting comments is June 24, 2026.

This proposed rule could significantly impact how financial products are classified and regulated, which is crucial for companies involved in trading these products. By clarifying definitions and compliance options, it may help businesses navigate the regulatory landscape more effectively.