Securities and Exchange Commission
Document Headings Document headings vary by document type but may contain the following: the agency or agencies that issued and signed a document the number of the CFR title and the number of each part the document amends, proposes to amend, or is directly related to the agency docket number / agency internal file number the RIN which identifies each regulatory action listed in the Unified Agenda of Federal Regulatory and Deregulatory Actions See the Document Drafting Handbook for more details. Securities and Exchange Commission [Release No. 34-104281; File No. 600-44] December 1, 2025. I. Introduction On December 13, 2024, CME Securities Clearing, Inc. (“CMESC”) filed with the Securities and Exchange Commission (“Commission”) an application on Form CA-1 (“Application”) under Section 17A of the Securities Exchange Act of 1934 (“Exchange Act”) seeking to register as a clearing agency to provide central counterparty (“CCP”) services for transactions involving U.S. Treasury securities. [ 1 ] Notice of the Application was published for comment in the Federal Register on January 22, 2025. [ 2 ] ( printed page 55927) On April 18, 2025, the Commission instituted proceedings pursuant to Section 19(a)(1)(B) of the Exchange Act to determine whether to grant or deny the Application. [ 3 ] On July 21, 2025, the Commission designated a longer period for Commission action on the OIP. [ 4 ] On September 30, 2025, CMESC agreed to extend the time for the Commission's review of the Application. The Commission received comment letters on the notice of the Application and on the OIP, as well as response letters from CMESC. [ 5 ] Each comment letter either expressed explicit support for approval of the Application or generally expressed support for the expansion of access to the clearing of transactions in U.S. Treasury securities through the approval of new clearing agencies. Some commenters also recommended that CMESC conside…
Citation: 90 FR 55926
