Search Results for keywords:"clearing agencies"

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Search Results: keywords:"clearing agencies"

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  • 2025-03433 — Submission for OMB Review; Comment Request; Extension: Rule 239
    Type:Notice
    Citation:90 FR 11200
    Reading Time:about 2 minutes

    The Securities and Exchange Commission (SEC) has asked the Office of Management and Budget (OMB) to extend their approval for collecting specific information as outlined in Rule 239, which involves exemptions for security-based swaps by clearing agencies. This rule ensures that information about these swaps is available to relevant market participants. The SEC estimates that each clearing agency will spend about 2 hours updating this information 20 times a year, resulting in a total of 180 annual reporting hours. The public is invited to comment on the necessity and impact of this information collection by April 4, 2025.

    Simple Explanation

    The SEC wants to keep checking on a special kind of financial trade called security-based swaps. They want to make sure certain rules are followed, and they need permission to continue getting information about it. People can share their thoughts about this until April 4, 2025.

  • 2025-03350 — Order Granting Temporary Exemptive Relief, Pursuant to Sections 17A and 36(a) of the Securities Exchange Act of 1934, From Certain Aspects of Rule 17ad-22(e)(6)(i) and Section 19(g)(1) of the Securities Exchange Act of 1934
    Type:Notice
    Citation:90 FR 11079
    Reading Time:about 10 minutes

    The Securities and Exchange Commission (SEC) has granted temporary relief from certain regulations for clearing agencies dealing with U.S. Treasury securities. These regulations, known as the Margin Separation Requirement, were initially set to be enforced by March 31, 2025. However, due to challenges faced by market participants in meeting the original deadline, the SEC decided to extend the compliance date to September 30, 2025. This extension allows additional time for agencies to adjust their legal, operational, and risk management systems to meet the new rules, ensuring that market stability is maintained while preventing market disruption.

    Simple Explanation

    The SEC is giving more time to certain financial companies to get ready for new rules about handling money related to U.S. Treasury securities, pushing the deadline from March to September 2025 to help them prepare better.