SEC Adopts New Requirements for US Treasuries Clearing and Risk Management
- Bruce Newman, Andre Owens, Stephanie Nicolas, Amy Doberman, Kyle Swan
- 1.2.2024
On December 13, 2023, the SEC voted (4-1) to adopt Standards for Covered Clearing Agencies for US Treasury Securities that will restructure the clearance and settlement of secondary market transactions involving the purchase and sale of US Treasuries and repurchase agreements and reverse repurchase agreements of US Treasuries. In this alert, we discuss the potential impact that the new requirements will have on clearing agencies, broker-dealers, registered funds and other US Treasuries market participants.
