SEC to delay US Treasury clearing mandate, dealer rule
A final vote on proposed US Treasury market reforms is now expected in early 2024
After months of lobbying that drove wedges between regulatory agencies, the US Securities and Exchange Commission is expected to delay a final vote on proposed reforms to the US Treasury market until the first quarter of 2024.
The SEC was widely expected to finalise separate rules to mandate central clearing of US Treasuries and broaden the number of firms required to register as dealers on or before Wednesday, November 15 – ahead of a US Treasury Market conference hosted by the Federal Reserve
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