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In forceSecurity-based swapsLast checked 13 November 2026

Security-based swap dealer and major participant registration (Form SBSE)

A regulatory return listed by the U.S. Securities and Exchange Commission (SEC), United States.

Form SBSE (and its variants SBSE-A and SBSE-BD) is the application a firm files to register with the SEC as a security-based swap dealer or a major security-based swap participant, so the Commission can oversee security-based swap market participants broadly as it oversees broker-dealers. Source

Official title: Form SBSE: Application for Registration as either a Security-Based Swap Dealer or Major Security-Based Swap Participant

The facts

Who files
An entity applying to register as a security-based swap dealer or major security-based swap participant files Form SBSE, unless it is also registered or registering with the SEC as a broker-dealer (it then files Form SBSE-BD) or already registered or registering with the CFTC as a swap dealer or major swap participant (it then files Form SBSE-A). Every applicant also files the senior officer's certification on Form SBSE-C. Source
How often
Filed once to register, then amended whenever the information on file becomes inaccurate or incomplete. Source
Deadline
An application is considered filed once a complete Form SBSE-C and a complete Form SBSE, SBSE-A or SBSE-BD (as applicable) have been submitted electronically, together with any other required documents; no further fixed number of days for the initial filing is stated. Amendments must be filed promptly when information becomes inaccurate or incomplete. Source
Format
PDF. Filed and amended electronically through EDGAR, following the EDGAR Filer Manual; the forms themselves are fillable PDF documents attached to the EDGAR submission (confirmed by fetching an actual filed SBSE-BD on EDGAR, which is served as a PDF). Source
How it is filed
Filing routes recorded for the SEC: EDGAR (Electronic Data Gathering, Analysis, and Retrieval); Investment Adviser Registration Depository (IARD) and Private Fund Reporting Depository (PFRD); Central Registration Depository (CRD). See how firms file with the SEC.
Status
In force
Legal basis
Group
Security-based swaps

Templates (4)

The tables and forms inside the return. Plain name first, the SEC's code in brackets.

  • Application for an entity not also registering as a broker-dealer or with the CFTC (Form SBSE)
  • Application for an entity also registered or registering with the CFTC as a swap dealer or major swap participant (Form SBSE-A)
  • Application for an entity also registered as a broker-dealer (Form SBSE-BD)
  • Senior officer certification filed with every application (Form SBSE-C)

Read from 17 CFR 240.15Fb2-1; the schedules within each form (A, B, D, E, F, mentioned by some secondary sources) were not confirmed from an HTML page this session. Source

Validation rules

No published validation rules were found for this return. No published catalogue of Form SBSE edit checks was found on sec.gov. Source

Public data

Published firm by firm. SBSE filings are made through EDGAR and are public: this library fetched one filed Form SBSE-BD directly from the EDGAR archive without any login (a 2025 filing by a named security-based swap dealer), confirming it is openly accessible, like other EDGAR filings. Source

Where it is published

  • EDGAR Full Text Search

    Firm by firm · Web search; underlying JSON API at efts.sec.gov

    Full-text search of every EDGAR filing's documents and attachments since 2001, including Form 13F, the Form SBSE family, Form 1-K and the Inline XBRL-tagged periodic and current reports covered here. Source

Official documents (4)

The SEC's own files, with the size and SHA-256 fingerprint of each as downloaded on 13 November 2026, so anyone can tell whether a copy is the same version.

  • Form SBSE (reference copy)

    Template · PDF · 2.8 MB · 20 February 2025

    Reference copy only, size and hash recorded; filing is electronic through EDGAR.

    SHA-256 5f4a118539c8show in full5f4a118539c8ebad58d6ca44370dc56ee84e807664a551392044c1324e26bbf4
  • Form SBSE-A (reference copy)

    Template · PDF · 1.1 MB · 20 February 2025

    Reference copy only, size and hash recorded.

    SHA-256 7bff0d9f4d13show in full7bff0d9f4d1368068158a4d7e5583c9e25fca4d7d1099cea3d46b14f2d875cf9
  • Form SBSE-BD (reference copy)

    Template · PDF · 229.1 KB · 3 February 2025

    Reference copy only, size and hash recorded.

    SHA-256 c514113de3e6show in fullc514113de3e674f54c3da052931b105b4350030f64bcbdd3eb8b7249b2486406
  • Form SBSE-C (reference copy)

    Template · PDF · 147.0 KB · 3 February 2025

    Reference copy only, size and hash recorded; the senior officer certification filed with every Form SBSE/SBSE-A/SBSE-BD application.

    SHA-256 05db2c850adeshow in full05db2c850adec0930ee773068dc6e2105b15aafad2c321921ef76b921f18e3a9

Sources

Every page and document this return's facts were read from.

Knowing exactly what is collected, in what format and under which rules is the first step to real-time supervision. Line4 builds SupTech software for financial regulators that runs checks like these as each return arrives.

Line4's own text, and the way Line4 has collected and arranged these records, are free to reuse under CC BY 4.0. Please credit: “Source: Line4 regulatory submissions library (CC BY 4.0), https://www.line4.ai”. The facts themselves belong to no one. The regulators' document titles, template names, quoted terms and documents belong to them and are not covered by this licence: see SEC's reuse terms. This describes what regulators publish. It is not legal or regulatory advice: always rely on the regulator's own text. Not affiliated with or endorsed by any regulator.

Last checked 13 November 2026.