Federal Register #60036

SEC Notice: LCH SA Application for Exemption on RepoClear Rule Filing Requirements

This opportunity concerns a regulatory notice from the Securities and Exchange Commission (SEC) regarding LCH SA's application for exemption from certain rule filing requirements: - Government Buyer: - Securities and Exchange Commission (SEC) - OEM/Vendor: - Banque Centrale de Compensation (LCH SA) - Products/Services Requested: - No products or services are being procured; the notice addresses regulatory compliance for clearing services - LCH SA Business Lines: - CDSClear: Security-based swaps clearing - RepoClear: Repurchase and cash transaction clearing (focus of exemption) - DigitalAssetClear: Cash-settled Bitcoin index futures and options - Notable Requirements: - Exemption would allow U.S. Clearing Members to join RepoClear under specific conditions - Maintains existing protections for CDSClear operations - Seeks public comment on potential impacts to competition, regulatory requirements, and investor protection - No contract value, product, or service line items are associated with this notice - Primary locations involved are SEC offices and the Federal Register facility in Washington, DC

Description

This notice concerns an application by LCH SA for an exemption under Section 36 of the Securities Exchange Act of 1934. The exemption relates to rule filing requirements for LCH SA's clearing services, including the onboarding of U.S. Clearing Members to its RepoClear business line. The application seeks to amend existing exemptive relief to allow conditional relief for the Non-Registrable Business while maintaining protections for CDSClear operations. The Commission invites public comment on the proposed exemption and its potential impacts.

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