Type:Rule
Citation:90 FR 11134
Reading Time:about 29 minutes
The Securities and Exchange Commission (SEC) is extending the deadlines for compliance with certain rules related to U.S. Treasury securities. These rules require covered clearing agencies to have policies ensuring that all eligible trades are submitted for clearing. The new compliance dates are December 31, 2026, for cash market transactions, and June 30, 2027, for repo transactions. This extension gives market participants more time to adjust to the changes without causing disruptions in the market.
Simple Explanation
The SEC is giving people more time, until the end of 2026 and 2027, to follow new rules about how certain money trades involving U.S. Treasury notes are reported and organized, so everyone can get used to the changes without problems.