Federal Register #2026-21845

SEC temporary registration for Cboe Clear U.S. to clear securities-based binary options

The SEC issued a temporary clearing-agency registration for securities-based binary options; this notice is a regulatory action, not a procurement opportunity. - Government agency: U.S. Securities and Exchange Commission (SEC). - The SEC granted Cboe Clear U.S., LLC temporary registration to provide central-counterparty clearing for securities-based binary options. - The application identifies Cboe Exchange, Inc. as the exchange where the options trade and Cboe Global Markets, Inc. as its parent company. - The registration is temporary for 18 months and includes exemptions from certain regulatory requirements. - No products or services are being solicited for purchase; no quantities, part numbers, or contract value are provided.

Description

The Securities and Exchange Commission order grants Cboe Clear U.S., LLC temporary registration as a clearing agency under Section 17A of the Securities Exchange Act of 1934. The requested registration would enable the company to provide central counterparty services for binary options that are securities. The order grants the temporary registration, with exemptions from certain requirements, for 18 months from the date of the order.

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