Back to News
Federal RegisterFederal
Self-Regulatory Organizations; ICE Clear Credit LLC; Notice of Filing of Proposed Rule Change Relating to the Treasury Clearing Rules and Treasury Clearing Service Treasury Operations Policies and Liquidity Risk Management Framework
Plain English Summary
The rules for who can participate in Treasury clearing have changed. Now, Futures Commission Merchants (FCMs) and registered clearing agencies can also be approved as Treasury Participants, alongside broker-dealers, investment companies, banks, and insurance companies, as long as they meet specific standards. This change affects entities involved in Treasury operations. Agents should ensure that their clients in these categories are aware of the new eligibility criteria and can take advantage of this opportunity.
+View original text
non-exclusive list of the types of entities that may be approved as Treasury Participants (provided that they meet and maintain the participation standards set out in Treasury Rule 201(b)), and includes registered broker-dealers, registered investment companies, banks, <span class="match">insurance</span> companies, or such other person or class of persons that the Commission may designate as appropriate. ICC proposes to clarify that Futures Commission Merchants (“FCMs”) and registered clearing agencies that meet the participation standards in Treasury Rule 201(b) may also