Summary:
The final rules exempt transactions by clearing agencies in certain security-based swaps from all provisions of the Securities Act, other than the anti-fraud provisions, as well as exempt these security-based swaps from Securities Exchange Act registration requirements and from the provisions of the Trust Indenture Act, provided certain conditions are met. The final rules are adopted as proposed without modification. The proposed rule was published in the Federal Register on June 15, 2011 (76 FR 34920).