The SEC on Wednesday, Sept. 14, proposed rule changes aimed at decreasing risk in the U.S. Treasury market by increasing requirements for agencies that deal in the clearing and settlement of securities transactions.
The SEC “plays a critical role in how the Treasury market functions, including help to ensure that these markets stay efficient, competitive and resilient,” the SEC said in a news release. “One aspect of that role is our oversight of clearinghouses for Treasury securities.”
This SEC fact sheet summarizes the proposal. The SEC will accept public comment on the proposed regulations for 60 days.