The Securities and Exchange Commission (SEC) has announced that LCH SA, a clearing agency, has proposed a change to its CDSClear fee grid for 2025. This proposal was filed on January 8, 2025, and is set to take effect immediately. The change aims to update the fee structure related to the CDSClear business and its clearing services. The SEC is inviting the public to comment on this proposal until February 11, 2025, by submitting their thoughts online or via mail.
Simple Explanation
The SEC is letting people know that a company called LCH SA wants to change how much it charges for a special kind of business in 2025, and they want people to share their thoughts about it online or by mail before February 11, 2025.