Staff Issues FAQs to Help Broker-Dealers Implement Financial Responsibility Requirements Related to U.S. Treasury Clearing

The Securities and Exchange Commission’s Division of Trading and Markets today issued answers to Frequently Asked Questions (FAQs) that broker-dealers have posed to the staff regarding rule amendments to the customer protection rule related to the clearing of U.S. Treasury securities. “The staff is committed to assisting broker-dealers and other market participants on the path to central clearing in the U.S. Treasury market,” said Jamie Selway, Director of the Division of Trading and Markets. “FAQs are one of the numerous ways in which Commission staff is continuing to engage to provide clarity to market participants as the compliance dates of Dec. 31, 2026, and June 30, 2027, approach, for cash and repo respectively.” Separately, Chairman Paul S. Atkins today announced that Commissioner Mark T. Uyeda will lead the agency’s continued efforts related to central clearing of U.S. Treasuries.