Published May 5, 2021

ISDA has published forms of SEC IM Segregation Right Notice to assist market participants in implementing the requirements under the Securities Exchange Act of 1934 (as amended by the Dodd-Frank Act) for a security-based swap dealer to notify in-scope counterparties of their right to require segregation of margin (other than variation margin) for uncleared security-based swap transactions. There are two different forms of the notice, one for use by an SBSD that is a broker-dealer to satisfy its requirements under SEC rule 15c3-3, and one for use by an SBSD that is exempt from omnibus segregation requirements under SEC Rule 18a-4 pursuant to Rule 18a-4(f).