Page:United States Statutes at Large Volume 124.djvu/1806

 124 STAT. 1780 PUBLIC LAW 111–203—JULY 21, 2010 pursuant to section 3C(g)), the Commission shall require real-time public reporting for such trans- actions. ‘‘(ii) With respect to those security-based swaps that are not subject to the mandatory clearing require- ment described in section 3C(a)(1), but are cleared at a registered clearing agency, the Commission shall require real-time public reporting for such trans- actions. ‘‘(iii) With respect to security-based swaps that are not cleared at a registered clearing agency and which are reported to a security-based swap data repository or the Commission under section 3C(a)(6), the Commission shall require real-time public reporting for such transactions, in a manner that does not disclose the business transactions and market posi- tions of any person. ‘‘(iv) With respect to security-based swaps that are determined to be required to be cleared under section 3C(b) but are not cleared, the Commission shall require real-time public reporting for such trans- actions. ‘‘(D) REGISTERED ENTITIES AND PUBLIC REPORTING.— The Commission may require registered entities to publicly disseminate the security-based swap transaction and pricing data required to be reported under this paragraph. ‘‘(E) RULEMAKING REQUIRED.—With respect to the rule providing for the public availability of transaction and pricing data for security-based swaps described in clauses (i) and (ii) of subparagraph (C), the rule promulgated by the Commission shall contain provisions— ‘‘(i) to ensure such information does not identify the participants; ‘‘(ii) to specify the criteria for determining what constitutes a large notional security-based swap trans- action (block trade) for particular markets and con- tracts; ‘‘(iii) to specify the appropriate time delay for reporting large notional security-based swap trans- actions (block trades) to the public; and ‘‘(iv) that take into account whether the public disclosure will materially reduce market liquidity. ‘‘(F) TIMELINESS OF REPORTING.—Parties to a security- based swap (including agents of the parties to a security- based swap) shall be responsible for reporting security- based swap transaction information to the appropriate reg- istered entity in a timely manner as may be prescribed by the Commission. ‘‘(G) REPORTING OF SWAPS TO REGISTERED SECURITY- BASED SWAP DATA REPOSITORIES.—Each security-based swap (whether cleared or uncleared) shall be reported to a registered security-based swap data repository. ‘‘(H) REGISTRATION OF CLEARING AGENCIES.—A clearing agency may register as a security-based swap data reposi- tory. ‘‘(2) SEMIANNUAL AND ANNUAL PUBLIC REPORTING OF AGGRE- GATE SECURITY-BASED SWAP DATA.— Criteria.