Federal Register #2026-16471

SEC Solicits Comments on Exemptive Relief for Clearing Agencies and Collateral Rule Changes

This opportunity involves a regulatory notice from the U.S. Securities and Exchange Commission (SEC) regarding exemptive relief requests for clearing agencies handling U.S. Treasury securities. - Government Buyer: - U.S. Securities and Exchange Commission (SEC) - No Original Equipment Manufacturers (OEMs) or commercial vendors are mentioned, as this is not a procurement for products or services - Services/Requests: - Solicitation of public comments on exemptive relief requests under Rule 17ad-22(e)(18)(iv) - Focus on trade submission requirements for covered clearing agencies providing central counterparty services for U.S. Treasury securities - Includes requests for relief on qualifying non-U.S. transactions and affiliated counterparty definitions - Stakeholders include the Institute of International Bankers and the Securities Industry and Financial Markets Association - Proposed amendments by LCH SA to its CDS Clearing Rules - Introduction of a minimum cash collateral requirement for clearing members' house accounts - Clarification of collateral management provisions to enhance liquidity risk management - Notable Requirements: - No products, part numbers, or quantities are being requested - The notice is focused on regulatory policy, not procurement - No contract value or period of performance is specified

Description

This notice announces the reopening of the comment period for requests of exemptive relief under the Securities Exchange Act of 1934, specifically related to Rule 17ad-22(e)(18)(iv). The comment period was previously closed but has now been reopened to gather additional public input. The requests for exemptive relief concern the Trade Submission Requirement for covered clearing agencies providing central counterparty services for U.S. Treasury securities. The Commission seeks public comments on various approaches to exemptive relief and related issues.

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