SEC issues guidance for broker-dealers on Treasury clearing
11 August 2025 US
Image: KristinaBlokhin/stock.adobe.com
The US 糖心vlog and Exchange Commission鈥檚 (SEC鈥檚) Division of Trading and Markets has issued answers to FAQs that broker-dealers have posed to the staff regarding rule amendments to the customer protection rule related to the clearing of US Treasury securities.
Jamie Selway, director of the Division of Trading and Markets says: 鈥淭he staff is committed to assisting broker-dealers and other market participants on the path to central clearing in the US Treasury market.
鈥淔AQs are one of the numerous ways in which Commission staff is continuing to engage to provide clarity to market participants as the compliance dates of 31 December 2026, and 30 June 2027, approach, for cash and repo respectively.鈥�
Separately, Chairman Paul S. Atkins has announced that Commissioner Mark T. Uyeda will lead the agency鈥檚 central clearing of US Treasuries.
Chairman Atkins, says: 鈥淚t is critical that the transition to clearing US Treasury
securities goes smoothly. To that end, I am pleased Commissioner Uyeda has agreed to coordinate the ongoing work being done across the SEC to prepare.
鈥淚ndustry has raised a number of areas where the transition effort could benefit from further guidance, and today the staff made progress on providing clarification.
鈥淭here鈥檚 work still to be done, both at the agency and within industry, and Commissioner Uyeda and I look forward to engaging with stakeholders to make sure we get this right.鈥�
Commissioner Uyeda adds: 鈥淭he US Treasury market plays a key role in global finance and is of central importance to our country and the world.
鈥淭he SEC is committed to engaging with market participants, central banks, and fellow regulators to make sure the policies we implement enhance the Treasury market鈥檚 functioning.鈥�
Jamie Selway, director of the Division of Trading and Markets says: 鈥淭he staff is committed to assisting broker-dealers and other market participants on the path to central clearing in the US Treasury market.
鈥淔AQs are one of the numerous ways in which Commission staff is continuing to engage to provide clarity to market participants as the compliance dates of 31 December 2026, and 30 June 2027, approach, for cash and repo respectively.鈥�
Separately, Chairman Paul S. Atkins has announced that Commissioner Mark T. Uyeda will lead the agency鈥檚 central clearing of US Treasuries.
Chairman Atkins, says: 鈥淚t is critical that the transition to clearing US Treasury
securities goes smoothly. To that end, I am pleased Commissioner Uyeda has agreed to coordinate the ongoing work being done across the SEC to prepare.
鈥淚ndustry has raised a number of areas where the transition effort could benefit from further guidance, and today the staff made progress on providing clarification.
鈥淭here鈥檚 work still to be done, both at the agency and within industry, and Commissioner Uyeda and I look forward to engaging with stakeholders to make sure we get this right.鈥�
Commissioner Uyeda adds: 鈥淭he US Treasury market plays a key role in global finance and is of central importance to our country and the world.
鈥淭he SEC is committed to engaging with market participants, central banks, and fellow regulators to make sure the policies we implement enhance the Treasury market鈥檚 functioning.鈥�
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