SEC exempts certain related-party and non-U.S. repo transactions from U.S. Treasury clearing requirements
SEC Issues Exemptive Relief from Treasury Clearing Requirements for Certain Inter-Affiliate and Non-U.S. Repo Transactions
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On October 30, 2026, SEC issued exemptions from U.S. Treasury clearing requirements for certain related-party and non-U.S. repo transactions. The exemptions cover repo transactions with non-U.S. counterparties that meet specified limits and conditions, as well as repo transactions between direct participants of U.S. Treasury clearing agencies and certain affiliated entities. SEC said the move aims to address compliance, operational and interpretive issues while advancing the transition of U.S. Treasury trading to central clearing.
The announcement brings cross-border and related-party repo transactions within specific exemption categories and sets out the applicable conditions, helping clarify the implementation boundaries of U.S. Treasury central clearing rules.
Source:SEC — Press releases · sec.gov