SEC delays final decision on DTCC liquidity facility
Regulator says it needs more time to consider market impact of CCLF proposal
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
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