SEC Continues Efforts to Assist Market Participants During Implementation of Treasury Clearing Rules

The Securities and Exchange Commission today enhanced its efforts to assist broker-dealers and other market participants on the path to central clearing of U.S. Treasury securities, developing a one-stop webpage that puts the latest status updates, staff statements, and other related materials at their fingertips. The SEC adopted the rule changes in December 2023. To provide additional time for further engagement on compliance, operational, and interpretive questions, and to facilitate an orderly implementation of the rules, the Commission extended the original compliance dates and announced its continuing readiness to engage with market participants on compliance, operational, and interpretive questions. SEC Commissioner Mark T. Uyeda, whom Chairman Paul S. Atkins has tasked with leading the agency’s initiative to facilitate the transition to clearing U.S. Treasury securities, today issued an update, emphasizing the agency’s continued focus on getting implementation right.