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The U.S. Securities and Exchange Commission (SEC)  aims to improve the framework for regulating cross-border security-based swaps by addressing certain implementation issues and efficiency concerns, the regulator announced Friday.

The proposed package of rule amendments and guidance also further harmonizes the application of the SEC’s rules for security-based swaps with the U.S. Commodity Futures Trading Commission’s (CFTC) rules for swaps generally.

Among other things, the SEC’s proposals aim to address issues involving access to the books and records of foreign swap dealers, the employment information that swaps dealers must maintain on their foreign personnel and the cross-border application of statutory disqualification provisions.

“These proposals preserve important investor and market protections, while at the same time addressing several of the practical implementation challenges that have been identified,” said Jay Clayton, chairman of the SEC, in a statement.

The proposals are out for public comment for 60 days.