Federal Register #SR-CMESC-2026-002

SEC Approves Governance Updates for CME Securities Clearing Inc.

This SEC regulatory action concerns CME Securities Clearing Inc. (CMESC) and does not involve procurement of products or services. - The SEC approved a rule change submitted by CMESC, a registered clearing agency and self-regulatory organization. - The rule change updates CMESC's by-laws and charters for its board of directors, risk management committee, nominating committee, and audit committee. - Modifications aim to: - Improve clarity and consistency across governance documents - Specify considerations for board evaluations - Ensure compliance with regulatory requirements, including those for independent directors and fair representation - No products, services, or external vendors are being procured or awarded; this is a governance and compliance update. - CME Securities Clearing Inc. is the only organization referenced, and no other OEMs or vendors are involved.

Description

The Securities and Exchange Commission has approved a proposed rule change by CME Securities Clearing Inc. to modify its amended and restated by-laws, board of directors charter, risk management committee charter, nominating committee charter, and audit committee charter. The changes aim to improve clarity, maintain consistency among governance documents, specify considerations for board evaluations, and ensure compliance with regulatory requirements. These modifications enhance transparency and governance of CME Securities Clearing Inc. as a registered clearing agency and self-regulatory organization.

View original listing