💼Proposed Information Collection on Treasury Securities for Estates
The Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995. Currently the Bureau of the Fiscal Service within the Department of the Treasury is soliciting comments concerning the Disposition of Treasury Securities Belonging to a Decedent's Estate Being Settled Without Administration.
Learn More📈Extension of Compliance Dates for Treasury Securities Regulations
The Securities and Exchange Commission ("Commission" or "SEC") is extending the compliance date for the amendments to the rules applicable to covered clearing agencies for U.S. Treasury securities ("U.S. Treasury securities CCAs"), which require that such covered clearing agencies have written policies and procedures reasonably designed to require that every direct participant of the covered clearing agency submit for clearance and settlement all eligible secondary market transactions in U.S. Treasury securities to which it is a counterparty and to identify and monitor its direct participants' submission of transactions for clearing, including how the U.S. Treasury securities CCA would address a failure to submit transactions, that were adopted on December 13, 2023. Specifically, the Commission is extending the compliance dates by one year, from December 31, 2025, to December 31, 2026, for eligible cash market transactions, and from June 30, 2026, to June 30, 2027, for eligible repo transactions.
Learn More🏦Temporary Exemptive Relief for U.S. Treasury Securities CCAs Explained
The SEC has adopted temporary exemptive relief from enforcing compliance with Rule 17ad-22(e)(6)(i) for U.S. Treasury securities clearing agencies until September 30, 2025. This measure aims to facilitate the separation of margin for proprietary versus customer transactions, assisting direct participants in implementing the necessary operational changes. The exemption is intended to reduce market disruption and promote orderly implementation of the new regulations.
Learn More🏛️SEC Sunshine Act Meeting on Compliance Requirements for Businesses
The Securities and Exchange Commission will hold an Open Meeting to discuss extending compliance dates for specific regulations under the Exchange Act and whether to issue temporary exemptions. This public meeting will be accessible in person and via webcast, ensuring transparency in regulatory discussions.
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