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The world’s biggest banks won a break from the Securities and Exchange Commission (SEC) that allows them the ability to arrange some deals within the U.S. without having to comply with the country’s trading regulations.

The SEC proposal would let overseas-based dealers of swaps use personnel located in the U.S. to set up trades without having to comply with the Dodd-Frank Act regulations. The agency’s five commissioners on Wednesday voted unanimously to open the proposed rule to public comment.

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