Notice2026-01742
Self-Regulatory Organizations; Fixed Income Clearing Corporation; Notice of Filing of Proposed Rule Change To Amend and Restate the Second Amended and Restated Cross-Margining Agreement Between FICC and CME and Amend Related GSD Rules
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
January 29, 2026
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 91 Issue 19 (Thursday, January 29, 2026)</title>
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[Federal Register Volume 91, Number 19 (Thursday, January 29, 2026)]
[Notices]
[Pages 3944-3945]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-01742]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-104690; File No. SR-FICC-2025-025]
Self-Regulatory Organizations; Fixed Income Clearing Corporation;
Notice of Filing of Proposed Rule Change To Amend and Restate the
Second Amended and Restated Cross-Margining Agreement Between FICC and
CME and Amend Related GSD Rules
January 26, 2026.
On December 12, 2025, Fixed Income Clearing Corporation (``FICC'')
filed with the Securities and Exchange Commission (``Commission'') the
proposed rule change SR-FICC-2025-025 (``Proposed Rule Change'')
pursuant to Section 19(b) of the Securities Exchange Act of 1934
(``Exchange Act'') \1\ and Rule 19b-4 \2\ thereunder concerning changes
to the Cross-Margining Agreement with the Chicago Mercantile Exchange
Inc. (``CME'') and related rule changes to FICC Government Securities
Division (``GSD'') Rulebook (``GSD Rules'') to extend the availability
of cross-margining to positions cleared and carried for customers by a
dually registered broker-dealer and futures commission merchant that is
a common member of FICC and CME. The
[[Page 3945]]
Proposed Rule Change was published for public comment in the Federal
Register on December 29, 2025.\3\ The Commission has received comments
regarding the substance of the changes proposed in the Proposed Rule
Change.
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\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ Securities Exchange Act Release No. 104485 (Dec. 22, 2025),
90 FR 60791 (Dec. 29, 2025) (File No. SR-NSCC-2025-025) (``Notice of
Filing'').
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Section 19(b)(2)(i) of the Exchange Act \4\ provides that, within
45 days of the publication of notice of the filing of a proposed rule
change, the Commission shall either approve the proposed rule change,
disapprove the proposed rule change, or institute proceedings to
determine whether the proposed rule change should be disapproved unless
the Commission extends the period within which it must act as provided
in Section 19(b)(2)(ii) of the Exchange Act.\5\ Section 19(b)(2)(ii) of
the Exchange Act allows the Commission to designate a longer period for
review (up to 90 days from the publication of notice of the filing of a
proposed rule change) if the Commission finds such longer period to be
appropriate and publishes its reasons for so finding, or as to which
the self-regulatory organization consents.\6\
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\4\ 15 U.S.C. 78s(b)(2)(i).
\5\ 15 U.S.C. 78s(b)(2)(ii).
\6\ Id.
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The 45th day after publication of the Notice of Filing is February
12, 2026. In order to provide the Commission with sufficient time to
consider the Proposed Rule Change, the Commission finds that it is
appropriate to designate a longer period within which to take action on
the Proposed Rule Change and therefore is extending this 45-day time
period.
Accordingly, the Commission, pursuant to Section 19(b)(2) of the
Exchange Act,\7\ designates March 29, 2026, as the date by which the
Commission shall either approve, disapprove, or institute proceedings
to determine whether to disapprove proposed rule change SR-FICC-2025-
025.
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\7\ Id.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\8\
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\8\ 17 CFR 200.30-3(a)(12).
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Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2026-01742 Filed 1-28-26; 8:45 am]
BILLING CODE 8011-01-P
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</html>Indexed from Federal Register on January 29, 2026.
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