💰SEC Evaluates CME Securities Clearing Agency Registration Application
CME Securities Clearing, Inc.; Order Instituting 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 SEC is assessing CME Securities Clearing, Inc.'s application for registration as a clearing agency under the Securities Exchange Act. The review encompasses stakeholder feedback on risk management and regulatory capital considerations, aiming to ensure compliance and operational efficacy for market participants in handling U.S. Treasury securities transactions.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The content involves the SEC evaluating an application from CME Securities Clearing, Inc. to become a registered clearing agency, which has significant regulatory implications for financial institutions and securities market participants. Comments from stakeholders highlight concerns regarding regulatory capital and risk management, affecting operational costs and compliance for businesses engaged in U.S. Treasury securities transactions.