External Meetings: Meeting with Markit and MarkitSERV

Representatives from Markit and MarkitSERV discussed the extraterritorial application of the Dodd-Frank Act (Act) reporting, clearing and trading requirements.  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) define the term "qualified vendor"; and (3) harmonize the Commission’s swap rules with the rules of domestic and foreign regulators.