SEC Issues Exemptive Relief from Treasury Clearing Requirements for Certain Inter-Affiliate and Non-U.S. Repo Transactions

Why it matters

The SEC's exemptive relief for certain inter-affiliate and non-U.S. repo transactions represents a significant regulatory adjustment that facilitates central clearing of U.S. Treasury securities, potentially improving market functioning and credit risk management in a key fixed-income segment.

Sources

• SEC

  SEC Issues Exemptive Relief from Treasury Clearing Requirements for Certain Inter-Affiliate and Non-U.S. Repo Transactions

  The Securities and Exchange Commission took another step forward today to assist broker-dealers and other market participants on the path to central clearing of U.S. Treasury securities by issuing exemptive relief related to inter-affiliate repo…