SEC Unveils Centralized Portal to Aid Treasury Clearing Implementation

USA: SEC Unveils Centralized Portal to Aid Treasury Clearing Implementation

Centralized Information Hub

A new online portal has been launched to give broker‑dealers and other market participants streamlined access to the latest updates, staff statements, and regulatory materials related to the transition toward central clearing of U.S. Treasury securities.

Extended Compliance Timeline

The Securities and Exchange Commission, which adopted the Treasury clearing rule changes in December 2023, announced an extension of the original compliance dates to allow additional time for engagement on compliance, operational, and interpretive questions.

Leadership Commentary

SEC Commissioner Mark T. Uyeda, tasked by Chairman Paul S. Atkins with leading the agency’s clearing‑transition initiative, emphasized that changes to the Treasury market must be executed carefully to avoid disruption.

FAQ on Triparty Repos

The Division of Trading and Markets released answers to frequently asked questions concerning the applicability of the clearing rule to general‑collateral triparty repos, also known as mixed CUSIP triparty repos.

Additional Resources

The portal also hosts applications from entities seeking registration as clearing agencies, as well as proposed rule changes filed by self‑regulatory organizations that pertain to Treasury clearing.

Contact Information

Market participants preparing for compliance can reach SEC staff in the Division of Trading and Markets via email at tradingandmarkets@sec.gov or by calling 202‑551‑5777.

This report is based on information from SEC, licensed under Public Domain (U.S. Government Work). Source: Official U.S. Government release.