The International Banking Federation and seven other financial trade associations submitted a joint letter to the Securities and Exchange Commission requesting a minimum 12-month extension to the implementation date for the Treasury clearing rule. The letter argues the extension is needed to give the SEC time to consider and address outstanding issues, including clarifying the scope of the inter-affiliate exemption and the rule’s overall extraterritorial reach.
International Banking Federation 2025-01-24
International Banking Federation and trade groups urge SEC to extend implementation date for Treasury clearing rule by at least 12 months
The International Banking Federation and seven financial trade associations have requested a 12-month extension from the Securities and Exchange Commission for the Treasury clearing rule implementation. They argue this extension is necessary to address outstanding issues, such as the inter-affiliate exemption scope and the rule's extraterritorial reach.