Topic
Treasury Securities
18 published works
Free Writings + Perspectives
SEC Provides Updates on Implementation of Treasury Clearing Rules
By Marc Leong, Carlos E. Juarez
On September 30, 2025, the Securities and Exchange Commission (“SEC”) issued a press release, providing updates to market participants on the progress of implementing the rules on central clearing of…
Free Writings + Perspectives
SEC Staff Issues Guidance on Rule 15c3-3a and Treasury Clearing
By Steffen Hemmerich, Anna T. Pinedo, Carlos E. Juarez
On August 6, 2025, the Staff of the Division of Trading and Markets of the Securities and Exchange Commission (SEC) released an updated set of Frequently Asked Questions (FAQs) addressing…
Free Writings + Perspectives
SEC Extends Compliance Dates and Provides Temporary Exemption for Rule Related to Clearing of U.S. Treasury Securities
By Anna T. Pinedo, Carlos E. Juarez
On February 25, 2025, the SEC extended the compliance dates for Rule 17ad-22(e)(18)(iv)(A) and (B) under the Securities Exchange Act for eligible cash market transactions by one year to December…
The Securities Law Blog
SEC Extends Compliance Dates and Provides Temporary Exemption for Rule Related to Clearing of U.S. Treasury Securities
The Securities and Exchange Commission today extended the compliance dates for Rule 17ad-22(e)(18)(iv)(A) and (B) under the Securities Exchange Act by one year to Dec. 31, 2026, for eligible cash…
Free Writings + Perspectives
SEC to Review Clearing Rule Compliance for U.S. Treasury Securities Amid Industry Concerns
By Anna T. Pinedo, Carlos E. Juarez
The SEC is set to hold an open meeting on February 26, 2025, to discuss extending compliance deadlines and granting temporary exemptions for covered clearing agencies (CCAs) handling U.S. Treasury…
Free Writings + Perspectives
Joint Trade Associations Submit Letter to SEC Acting Chair Mark Uyeda Regarding the Application of the Clearing Rule to US Treasury Securities
By Marc Leong
Various trade associations (the “Associations”), including the Securities Industry and Financial Markets Association (SIFMA), Managed Funds Association (MFA), Futures Industry Association (FIA), International Swaps and Derivatives Association (ISDA), Alternative Investment…
Derivatives & Repo Report
Central Clearing of Treasury Trades—What the SEC Hopes to Accomplish
By Stephen A. Keen, Perkins Coie
Our previous post explained the SEC’s proposal (the Proposal) to require central clearing of all “eligible secondary market transactions” with a participant in the Fixed Income Clearing Corporation (FICC). In…
Derivatives & Repo Report
Central Clearing of Treasury Trades—What the SEC Has Proposed
By Stephen A. Keen, Perkins Coie
On September 14, 2022, the SEC proposed amendments (the Proposal) to regulations for clearing agencies under the Securities Exchange Act of 1934 (the Exchange Act). The Proposal would increase the central clearing…
The CLS Blue Sky Blog
SEC Chair Gensler on Proposed Rules for U.S. Treasuries Clearing
By Gary Gensler
Today [September 14], the Commission will consider whether to propose standards for covered clearing agencies (also known as clearinghouses) regarding the clearance of certain trades involving U.S. Treasury securities. I…
Manipulation Monitor
Treasury Market Manipulation Action Dismissed Again
Last year, we wrote about the first motion to dismiss in a multi-district litigation in which Bank of America, Barclays, BNP Paribas, Citigroup, Credit Suisse, Goldman Sachs, Morgan Stanley, RBS,…