Back to News
Federal RegisterFederal
Cboe Clear U.S., LLC; Notice of Filing of an Application, as Amended, for Temporary Registration as a Clearing Agency Under Section 17A of the Securities Exchange Act of 1934
Plain English Summary
Cboe Clear U.S., LLC has applied for temporary registration as a clearing agency, which affects broker-dealers who handle customer funds. They need to ensure they have the right permissions to manage these funds according to specific rules. Insurance companies and other financial entities may also be involved in this process. Agents should stay informed about these changes and ensure compliance with the new requirements.
+View original text
who are broker-dealers to “maintain the appropriate authorizations to hold customer funds in accordance with Rule 15c3-3.”
See
Exhibit J at 3.
28
See
Exhibit S at 3 (
i.e.,
“other registered clearing agencies, registered investment companies, banks, <span class="match">insurance</span> companies[,] and other classes of persons designated as appropriate by the Commission”);
see also
15 U.S.C. 78
q-
1(b)(3)(B).
29
See
Exhibit S at 3
-
4.
CCUS states it will offer customer, firm, and market-maker clearing accounts,
30