Federal Register #2026-22493

SEC conditional exemptions from U.S. Treasury repo trade-submission requirements

The Securities and Exchange Commission issued a regulatory order providing conditional relief from certain U.S. Treasury repo trade-submission requirements. - Government agency: U.S. Securities and Exchange Commission (SEC). - Organizations mentioned: Institute of International Bankers (IIB) and Securities Industry and Financial Markets Association (SIFMA), which requested relief; neither is identified as a product vendor. - Scope: Qualifying U.S. Treasury repurchase and reverse repurchase transactions involving non-U.S. persons, and aspects of the inter-affiliate exclusion. - Notable requirements: Relief is conditional and subject to a firm-specific threshold or a fixed-dollar threshold of less than $5 billion in market value. - Procurement status: This is a regulatory action, not a procurement or award; no products, services, quantities, or part numbers are requested.

Description

The Securities and Exchange Commission issued an order granting exemptive relief from the definition of an eligible secondary market transaction in Rule 17ad-22(a). The rule concerns clearing and settlement requirements for certain U.S. Treasury securities repurchase and reverse repurchase transactions. The order addresses requests related to transactions involving non-U.S. persons and the inter-affiliate exclusion. The source does not describe a procurement or solicitation for bidders.

View original listing