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Self-Regulatory Organizations; ICE Clear Credit LLC; Order Approving 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, in addition to banks and insurance companies, Futures Commission Merchants and registered clearing agencies can also be approved as Treasury Participants. This update affects all entities involved in Treasury clearing operations. Agents should review these changes and ensure their clients are aware of the new participant options.
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Treasury Rule.
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Chapter 2
In Chapter 2, ICC would revise Rule 201(c). Currently, this rule lists some of the entity types that may be approved as Treasury Participants including 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. The Proposed Rule Change would add Futures Commission Merchants and registered clearing agencies to the list in Rule 201(c).
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at 30753.
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