Federal Register #S7-2026-07 and S7-2026-11

SEC Solicits Public Comment on Exemptive Relief and Collateral Requirements for Clearing Agencies

This opportunity centers on 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) - OEMs and Vendors: - No OEMs or commercial vendors are mentioned; the notice involves regulatory and industry stakeholders such as the Institute of International Bankers (IIB), Securities Industry and Financial Markets Association (SIFMA), and LCH SA (as a clearing agency, not an OEM) - Products/Services Requested: - No products or commercial services are being procured - The SEC is soliciting public comments on: - Exemptive relief requests from trade submission requirements under Rule 17ad-22(e)(18)(iv) for covered clearing agencies - Proposals to exempt certain non-U.S. transactions and clarify definitions of affiliated counterparties - Amendments to LCH SA CDS Clearing Rules to introduce a minimum cash collateral requirement for clearing members' house accounts - Unique or Notable Requirements: - Focus on regulatory compliance and risk management for clearing agencies - Consideration of both firm-specific and market-wide approaches to exemptive relief - Emphasis on liquidity risk management through collateral requirements - No procurement of goods or services; this is a request for public input on regulatory changes

Description

The Securities and Exchange Commission is reopening the comment period for a notice requesting comments on exemptive relief pursuant to Section 36(a) of the Securities Exchange Act of 1934, related to Rule 17ad-22(e)(18)(iv) and other related matters. The notice invites public comments on requests for exemptive relief from certain aspects of the Trade Submission Requirement for covered clearing agencies providing central counterparty services for U.S. Treasury securities transactions. The Commission seeks feedback on firm-specific and market-wide approaches to exemptive relief, reporting and compliance requirements, and other related issues.

View original listing