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SEC finalizes derivative definition rules


    WASHINGTON (Reuters) - Securities regulators finalized key rules on Monday that define what kinds of derivatives products will be regulated under the new regime created by the 2010 Dodd-Frank Wall Street reform law.

    The Securities and Exchange Commission voted unanimously behind closed doors to approve definitions for terms such as "swap" and "security-based swap."

    The rules still must be jointly approved by the Commodity Futures Trading Commission, which is slated to vote on Tuesday morning at a public meeting.

    (Reporting By Sarah N. Lynch; Editing by Gerald E. McCormick)