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. 34-105562; File No. 600-39] May 27, 2026. I. Introduction On July 14, 2025, Paxos Securities Settlement Company, LLC (“PSSC”) 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 clearance and settlement services as a central securities depository (“CSD”) and securities settlement system. [ 1 ] Notice of the Application was published for comment in the Federal Register on August 6, 2025. [ 2 ] On November 4, 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 January 30, 2026, the Commission designated a longer period for Commission action on the OIP. [ 4 ] On February 27, 2026, PSSC filed an amendment to its Application that, pursuant to Rule 17Ab2-1(d), [ 5 ] served as PSSC's consent to extend the time for the Commission's review of the Application to 90 days from the filing of the amendment. [ 6 ] Notice of the amendment to the Application was published on March 11, 2026. [ 7 ] The Commission received two comment letters on the Application, [ 8 ] as well as a response letter from PSSC. [ 9 ] One comment letter expressed support for innovation and competition generally and expressed …
Citation: 91 FR 32151
