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SEC Press Releases·

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

  • The SEC issued exemptive relief on Oct. 30, 2026, to assist broker-dealers in implementing Treasury clearing rules for inter-affiliate & non-U.S. repo transactions.
  • The Treasury clearing rules were originally adopted in December 2023, with compliance dates extended to allow for further engagement & operational preparation.
  • In September 2025, the SEC launched a one-stop webpage consolidating implementation updates, FAQs, & staff statements.
  • Commissioner Mark T. Uyeda, designated by Chairman Paul S. Atkins, stated the relief addresses practical cross-border concerns while preserving central clearing benefits.
  • The relief excludes specific repo transactions involving non-U.S. counterparties (subject to limits) & certain transactions between direct participants & affiliated entities that are not investment companies.
  • Market participants preparing for compliance may contact SEC staff via tradingandmarkets@sec.gov or 202-551-5777.