Self-Regulatory Organizations; ICE Clear Credit LLC; Order Approving Proposed Rule Change Relating to the ICE Clear Credit Recovery Plan and ICE Clear Credit Wind-Down Plan

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. 34-106738; File No. SR-ICC-2026-009] October 26, 2026. I. Introduction On August 27, 2026, ICE Clear Credit LLC (“ICC” or “ICE Clear Credit”) filed with the Securities and Exchange Commission (“Commission”), pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (“Exchange Act” or the “Act”)  [ 1 ] and Rule 19b-4 thereunder, [ 2 ] a proposed rule change (the “Proposed Rule Change”) to revise the ICC Recovery Plan (the “Recovery Plan”) and the ICC Wind-Down Plan (the “Wind-Down Plan”) (collectively, the “Plans”) to reflect changes that impacted ICC in the past year and to accommodate ICC's U.S. Treasury clearing service (the “Treasury Clearing Service”). The proposed rule change was published for comment in the Federal Register on September 14, 2026. [ 3 ] The Commission did not receive comments regarding the proposed rule change. For the reasons discussed below, the Commission is approving the proposed rule change. II. Description of the Proposed Rule Change A. Background ICC is registered with the Commission as a clearing agency for the purpose of clearing covered default swap (“CDS”) contracts and for transactions involving U.S. Treasury securities. [ 4 ] ICC is a central counterparty (“CCP”), which means that it interposes itself as the buyer to every seller and th…