Securities and Exchange Commission
Document Headings Document headings vary by document type but may contain the following: the agency or agencies that issued and signed a document the number of the CFR title and the number of each part the document amends, proposes to amend, or is directly related to the agency docket number / agency internal file number the RIN which identifies each regulatory action listed in the Unified Agenda of Federal Regulatory and Deregulatory Actions See the Document Drafting Handbook for more details. Securities and Exchange Commission [Release No. 34-101511; File No. SBSDR-2023-01] I. Introduction On January 26, 2023, KOR Reporting, Inc. (“KOR”) filed with the Securities and Exchange Commission (“Commission”) an application (the “KOR Application”) on Form SDR to register as a security-based swap data repository (“SDR”) pursuant to section 13(n)(1) of the Securities Exchange Act of 1934 (“Exchange Act”) and 17 CFR 240.13n-1 (“Rule 13n-1”) thereunder, [ 1 ] and as a securities information processor (“SIP”) under section 11A(b) of the Exchange Act. [ 2 ] KOR intends to operate as a registered SDR for security-based swap (“SBS”) transactions in the equity, credit, and interest rate derivatives asset classes. KOR subsequently filed amendments to its application on the following dates: August 11, 2023, and February 23, 2024. [ 3 ] Notice of the KOR Application was published in the Federal Register for public comment on August 7, 2024, [ 4 ] and the Commission received no comment letters in response. As discussed in Parts III and IV below, the Commission has carefully reviewed the KOR Application. This order grants KOR's application to register as an SDR in the asset classes noted above and as a SIP. II. Background A. SDR Registration, Duties, and Core Principles Section 13(n) of the Exchange Act makes it unlawful for any person, unless registered with the Commission, directly or indi…
Citation: 89 FR 88829
