SEC Adopts New Requirements for US Treasuries Clearing and Risk Management

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On December 13, 2023, the Securities and Exchange Commission (SEC) voted (4-1) to adopt new requirements under the Securities Exchange Act of 1934 (Exchange Act), which will restructure the clearance and settlement of secondary market transactions involving the purchase and sale of US Treasury securities (cash transactions) and repurchase agreements and reverse repurchase agreements of US Treasury securities (repo transactions).

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