On April 27, the SEC and CFTC, in consultation with the Fed, issued a final rule, in accordance with Title VII of the Dodd-Frank Act, under the Commodity Exchange Act and the Securities Exchange Act to further define the following swap terms: “swap dealer”, “security-based swap dealer”, “major swap participant”, “major security-based swap participant”, and “eligible contract participant”.  The rule will be effective 60 days after publication in the Federal Register.  Final Rule.