The U.S. Securities & Exchange Commission’s Division of Trading and Markets published staff FAQs to help broker-dealers implement financial responsibility requirements arising from amendments to the customer protection rule related to the clearing of U.S. Treasury securities. Separately, SEC Chair Paul S. Atkins announced that Commissioner Mark T. Uyeda will lead the agency’s continued work on U.S. Treasury central clearing implementation. The FAQs respond to questions raised by broker-dealers and are intended to provide clarity ahead of the compliance dates of 31 December 2026 for cash transactions and 30 June 2027 for repurchase agreements. The Chair cited industry requests for additional guidance and indicated further work remains at both the agency and in the market as the transition progresses. Uyeda will coordinate work across the SEC and engage with market participants, central banks, and other regulators as implementation continues toward the stated compliance deadlines.
U.S. Securities & Exchange Commission 2025-08-06
U.S. Securities & Exchange Commission issues broker-dealer FAQs on customer protection rule requirements for U.S. Treasury clearing and appoints Commissioner Uyeda to lead implementation
The U.S. Securities & Exchange Commission's Division of Trading and Markets released staff FAQs to assist broker-dealers with financial responsibility requirements from amendments to the customer protection rule for U.S. Treasury securities clearing. SEC Chair Paul S. Atkins announced Commissioner Mark T. Uyeda will lead ongoing efforts on U.S. Treasury central clearing implementation, coordinating with market participants and regulators.