SEC Chair Reaffirms Timeline for Clearing Mandate
SEC Chair Gary Gensler reaffirmed the agency's timeline for implementing the US Treasury clearing mandate.
At the SIFMA 2024 Annual Meeting, Mr. Gensler stated that starting December 31, 2025, broker-dealers will be required to clear US Treasury securities. By June 30, 2026, nearly all market participants, including buy-side firms, must clear repurchase agreements.
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