[co-author: Carlos Juarez]*
The SEC is set to hold an open meeting on February 26, 2025, to discuss extending compliance deadlines and granting temporary exemptions for covered clearing agencies (CCAs) handling U.S. Treasury securities. This review focuses on Rule 17ad-22(e)(18)(iv)(A) and (B) and a temporary exemption for Rule 17ad-22(e)(6)(i) and Section 19(g) under the Securities Exchange Act of 1934, as amended, which impact central counterparty services for these securities.
This comes after a coalition of trade associations, including SIFMA, the MFA, and ISDA, submitted a letter to SEC Acting Chair Uyeda raising concerns about the challenges of implementing mandatory central clearing for cash transactions and repurchase agreements involving U.S. Treasury securities.
Read the agenda for the SEC open meeting.
*Practice Administrator
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