⚖️CME Securities Clearing Agency Registration Regulatory Notice
CME Securities Clearing, Inc.; Notice of Designation of a Longer Period for Commission Action on Proceedings To Determine Whether To Grant or Deny an Application for Registration as a Clearing Agency Under Section 17A of the Securities Exchange Act of 1934
Summary
The Securities and Exchange Commission has issued a notice regarding the CME Securities Clearing, Inc.'s application for registration as a clearing agency under the Securities Exchange Act. The notice details the extension of the review period aimed at assessing the application’s compliance with regulatory requirements due to its novel operational structure involving different types of participants.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The regulatory notice pertains to the application of CME Securities Clearing, Inc. for registration as a clearing agency, impacting financial compliance and operational structures for entities engaged in securities transactions. The extension of the review period indicates a heightened scrutiny that could affect risk management practices and regulatory compliance strategies for businesses reliant on clearing agencies.