SEC Continues Ongoing Efforts Related to Implementing Treasury Clearing Rules

The SEC has posted to its Web site a new page on its December 2023 final rule that amends the standards that apply to covered clearing agencies for U.S. Treasury securities. In February 2025, the SEC had extended the final rule’s compliance dates “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.”

Further, the SEC has released an FAQ on the “definition of an eligible secondary market transaction” under Rule 17ad-22 of the Securities Exchange Act of 1934, which is a topic associated with the central clearing of U.S. Treasury securities.

For more information, see the press release and the statement by SEC Commissioner Mark Uyeda on the SEC’s Web site.