External Meetings: Meeting with Goldman Sachs & Co.

Representatives from Goldman Sachs & Co. discussed the extraterritorial application of the Dodd-Frank Act (Act) requirements for swap dealers.  Specifically, the representatives asked the Commission to: (1) issue guidance on the extraterritorial reach of the Act in order to provide clarity to market participants; (2) when appropriate, defer to comparable foreign regulatory regimes; (3) harmonize the Commission’s swap rules with the security-based swap rules of the Securities and Exchange Commission; and (4) through a rulemaking or interpretative guidance, address the application of transaction-level requirements on inter-affiliate transactions.