Data / Federal rules / 2025-03351
Extension of Compliance Dates for Standards for Covered Clearing Agencies for U.S. Treasury Securities and Application of the Broker-Dealer Customer Protection Rule With Respect to U.S. Treasury Securities
The Securities and Exchange Commission published this final rule in the Federal Register on March 4, 2025. It took effect on March 4, 2025.
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What the agency says
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.
Key facts
- Document number
- 2025-03351
- Type
- Final rule
- Action
- Final rule; extension of compliance date
- Agency
- Securities and Exchange Commission
- Published
- March 4, 2025
- Takes effect
- March 4, 2025
- Dates
- Effective date: The effective date for this release is March 4, 2025. The effective date for the Trade Submission Requirement adopted on December 13, 2023, remains March 18, 2024.
- Docket
- Release No. 34-102487; File No. S7-23-22
- Regulation ID (RIN)
- 3235-AN09
- Code of Federal Regulations
- 17 CFR 240
- Pages
- 6
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Everything from the Securities and Exchange Commission · Published in March 2025
Read from the Federal Register API, last updated 2026-10-23. The document on federalregister.gov is the official record; dates and dockets can change through later corrections. Free to reuse with credit to SpecStream under CC BY 4.0.