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. 34-104762; File No. 600-45] January 30, 2026. I. Introduction On August 1, 2025, ICE Clear Credit LLC (“ICC”) 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”)  [ 1 ] seeking to register as a clearing agency to provide central counterparty (“CCP”) services for transactions involving U.S. Treasury securities, which ICC refers to as its “Treasury Business.” Such services would be provided by ICC, the same entity that is already deemed registered as a clearing agency with respect to other services. [ 2 ] Notice of the Application was published for comment in the Federal Register on August 21, 2025. [ 3 ] On November 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. [ 4 ] The Commission received comment letters, as well as a response letter from ICC. [ 5 ] The comment letters generally supported the expansion of access to the clearing of transactions in U.S. Treasury securities through the approval of new clearing agencies, including ICC, but also expressed concerns with the Application and recommended certain changes. The comment letters received, and ICC's response letter thereto, are discussed in Part III. This order g…
Citation: 91 FR 5528
