Aim to make the US Treasury market more resilient and competitive
New standards for centralized clearing of US Treasury securities and application of broker-dealer customer protection rule
In an aim to make the US Treasury market more resilient and competitive, on December 13, 2023, the SEC approved rule amendments to strengthen risk management and operational efficiency in the clearing and settlement of US Treasury securities.
The amendments focus on updating membership standards for covered clearing agencies in the US Treasury market, specifically addressing clearance and settlement practices for designated secondary market transactions.
Download the PDF to learn more including:
- Key changes
- The two-phased implementation approach
- Initial challenges
- Preparation timeline.
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Aim to make the US Treasury market more resilient and competitive
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