WASHINGTON — The Securities and Exchange Commission and Commodity Futures Trading Commission staffs plan to hold a two-day roundtable in May to discuss the schedule for implementing rules for swaps and securities-based swaps, they announced in a release issued Tuesday.

The Dodd-Frank Wall Street Reform and Consumer Protection Act requires the agencies to write the rules but gives them some flexibility in setting effective dates and compliance schedules so that market participants have the time to develop the needed policies, procedures, processes, and systems.

The roundtable will give market participants and members of the public the opportunity to comment on whether to phase in the implementation of the new requirements based on factors, including the type of swap, including by asset class and the type of market participants that engage in the transactions.

Scheduled for May 2-3, the roundtable will be held from 9:30 to 4:00 Eastern Daylight Time each day in the conference center at the CFTC’s headquarters at Three Lafayette Centre, 1155 21st St., NW, Washington, DC. Seating will be available on a first-come, first-served basis but members of the public will be permitted to listen by telephone.

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