The Office of Financial Research announced a 90-day extension to the compliance date for Category 2 covered reporters under its rule on data collection for non-centrally cleared bilateral repurchase agreement (NCCBR) transactions in the U.S. repurchase agreement market. The new compliance date is June 30, 2025 for Category 2 firms that otherwise would have been required to comply by April 1, 2025. The rule establishes a daily reporting requirement to the OFR for certain brokers, dealers, and other financial companies with large exposures to NCCBR transactions. The final rule was published on May 6, 2024.
Office of Financial Research 2025-03-21
Office of Financial Research extends non-centrally cleared bilateral repo data reporting compliance date for Category 2 reporters to June 30, 2025
The Office of Financial Research extended the compliance date for Category 2 covered reporters under its rule on data collection for non-centrally cleared bilateral repurchase agreement transactions by 90 days to June 30, 2025. This rule mandates daily reporting for brokers, dealers, and financial companies with significant exposures to these transactions. The final rule was initially published on May 6, 2024.