SEC delays final decision on DTCC liquidity facility

Regulator says it needs more time to consider market impact of CCLF proposal

SEC press association
Some say the delay reflects concerns about the proposal among senior SEC officials

The US Securities and Exchange Commission is delaying a decision on whether to approve a proposal by the Depository Trust & Clearing Corporation to establish a $74 billion liquidity facility for its US Treasury and repo clearing house. 

The SEC was expected to approve the plan no later than September 16 – six months after the DTCC published its proposed rule change in the Federal Register. However, the regulator said on September 15 that it needed more time to review the proposal and that a

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: