Data / Federal rules / 2023-27860
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 January 16, 2024. It took effect on March 18, 2024.
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What the agency says
The Securities and Exchange Commission ("Commission") is adopting rules under the Securities Exchange Act of 1934 ("Exchange Act") to amend the standards applicable to covered clearing agencies for U.S. Treasury securities to 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. In addition, the Commission is adopting additional amendments to the Covered Clearing Agency Standards with respect to risk management. These requirements are designed to protect investors, reduce risk, and increase operational efficiency. Finally, the Commission is amending the broker-dealer customer protection rule to permit margin required and on deposit with covered clearing agencies for U.S. Treasury securities to be included as a debit in the reserve formulas for accounts of customers and proprietary accounts of broker-dealers ("PAB"), subject to certain conditions.
Key facts
- Document number
- 2023-27860
- Type
- Final rule
- Action
- Final rule
- Agency
- Securities and Exchange Commission
- Published
- January 16, 2024
- Takes effect
- March 18, 2024
- Dates
- Effective date: March 18, 2024.
- Docket
- Release No. 34-99149; File No. S7-23-22
- Regulation ID (RIN)
- 3235-AN09
- Code of Federal Regulations
- 17 CFR 240
- Topics
- Reporting and recordkeeping requirements; Securities
- Pages
- 117
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Everything from the Securities and Exchange Commission · Rules on reporting and recordkeeping requirements · Rules on securities · Published in January 2024
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.