SEC Extends Compliance Dates for Final Rule Related to Covered Clearing Agencies
February 27, 2025
The SEC has announced the extension of the compliance dates for its December 2023
final rule that amends the requirements for covered clearing
agencies that provide “central counterparty services for U.S. Treasury securities.”
Specifically, the compliance dates are being extended “by one year, from December
31, 2025, to December 31, 2026, for eligible cash market transactions, and from June
30, 2026, to June 30, 2027, for eligible repo transactions.”
Among other requirements, the final rule mandates that “covered clearing agencies
have written policies and procedures reasonably designed to require that every
direct participant of the covered clearing agency submit for clearance and
settlement all eligible secondary market transactions in U.S. Treasury securities to
which it is a counterparty.”
For more information, see the press release on the SEC’s Web site.