SEC Issues Proposed Rule on Central Clearing in the U.S. Treasury Market

The SEC has issued a proposed rule that would “enhance risk management practices for central counterparties in the U.S. Treasury market and facilitate additional clearing of U.S. Treasury securities transactions.” Specifically, the proposal “would require that clearing agencies in the U.S. Treasury market adopt policies and procedures designed to require their members to submit for clearing certain specified secondary market transactions.”

For more information, see the press release, fact sheet, and statements by SEC Chair Gary Gensler and Commissioners Jaime Lizárraga, Hester Peirce, Caroline Crenshaw, and Mark Uyeda on the SEC’s Web site.