Form SBSE-C Filings

What Is SEC Form SBSE-C?

SEC Form SBSE-C is an important filing required as part of the registration process under the Securities Exchange Act of 1934. It is used by applicants registering as security-based swap dealers or major security-based swap participants to provide certifications from a senior officer and the chief compliance officer, or designee, in connection with that registration.

This form is typically filed when an entity is applying for registration with the SEC as a security-based swap dealer or major security-based swap participant. It must be submitted electronically through EDGAR together with the related registration filing.

Form SBSE-C helps the SEC evaluate whether an applicant has established written compliance policies and procedures and whether relevant associated persons have undergone background checks and are not subject to statutory disqualification.

Key elements typically found in SEC Form SBSE-C include:

• Applicant name and SEC filer number
• Certification by a senior officer regarding written policies and procedures designed to prevent violations of federal securities laws
• Confirmation that the senior officer documented the process used to make that determination
• Certification by the chief compliance officer or designee regarding background checks on associated persons involved in effecting security-based swaps
• Confirmation regarding the statutory disqualification status of associated persons
• Signature, name, title, and date for the required certifying individuals

SEC Form SBSE-C Filing Deadlines

SEC Form SBSE-C does not have a fixed periodic filing deadline. Instead, it is filed as part of an application-based registration process and must be submitted when the applicant seeks registration as a security-based swap dealer or major security-based swap participant.

Key Things to Know About Form SBSE-C Filing Rules

• Filed With Registration Application: Form SBSE-C is not a standalone periodic report. It is submitted as part of the registration process for security-based swap dealers and major security-based swap participants.
• Electronic Filing Required: The applicant must file Form SBSE-C through the EDGAR system and follow the EDGAR Filer Manual for submission and any amendments.
• Two Certifications Are Required: The form includes one certification signed by a senior officer and another signed by the applicant’s chief compliance officer or designee.
• Background Check Representation Matters: The chief compliance officer certification addresses background checks for associated persons involved in effecting security-based swaps and representations regarding statutory disqualification.
• Complete Responses Are Necessary: All fields requiring a response must be completed before the filing will be accepted through EDGAR.

SEC Form SBSE-C is a certification filing submitted with SBSE registration to confirm compliance policies and background checks. Analysts may explore broader market activity, including trends among new insiders, review context in the most common SEC filings, or monitor financial obligations disclosures.