Rule 3a71-6 Substituted Compliance for Foreign Security-Based Swap Entities

3a71-6 provides that the Commission may, conditionally or unconditionally, by order, make a determination with respect to a foreign financial regulatory system that compliance with specified requirements under such foreign financial regulatory system by a registered non-U.S. security-based swap dealer or non-U.S. major security-based swap participant (collectively “SBS Entities), or class thereof, may satisfy certain business conduct requirements by complying with the comparable foreign requirements. The availability of substituted compliance would be predicated on a determination by the Commission that the relevant foreign requirements are comparable to the requirements that otherwise would be applicable, taking into account the scope and objectives of the relevant foreign requirements, and the effectiveness of supervision and enforcement under the foreign regulatory regime.

The latest form for Rule 3a71-6 Substituted Compliance for Foreign Security-Based Swap Entities expires 2023-01-31 and can be found here.

Substituted Compliance Requests by SBS Entities (d)(1)-(3)

Federal Enterprise Architecture: Economic Development - Financial Sector Oversight