Years after the CFTC adopted similar measures, the SEC has adopted rules to govern Swap Data Repositories within its jurisdiction: for the reporting of swap transactions relating to equity securities. Similar to the CFTC rules that govern the reporting of swaps data in other asset classes, the SEC rules are a critical part of implementing the Dodd Frank swaps regulatory scheme.
The Securities and Exchange Commission's rules lay out a regulatory framework for "swap data repositories".....a specialized warehouse that collects [data on] trillions of dollars worth of swaps trades, shares it with regulators, and disseminates aggregated data to the public. They will require data warehouses to register, establish governance standards and designate a chief compliance officer. But the SEC measures provoked sharp disagreements along party lines. Republicans lamented a provision that holds employees of swap data warehouses liable for lying to the chief compliance officer. Democrats, meanwhile, said the rules fell short because they lack elements such as "real-time" reporting and a definition of a "block trade," a large trade typically reported with a lag time so it does not tip off other traders.