Notice2026-17672
OSTTRA Limited; OSTTRA Services, LLC; Notice of Filing of Applications for Exemption From Registration as a Clearing Agency Under Section 17A of the Securities Exchange Act of 1934
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
August 31, 2026
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 91 Issue 167 (Monday, August 31, 2026)</title>
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[Federal Register Volume 91, Number 167 (Monday, August 31, 2026)]
[Notices]
[Pages 55951-55955]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-17672]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-106201; File Nos. 600-41, 600-42]
OSTTRA Limited; OSTTRA Services, LLC; Notice of Filing of
Applications for Exemption From Registration as a Clearing Agency Under
Section 17A of the Securities Exchange Act of 1934
August 26, 2026.
I. Introduction
On August 9, 2024, OSTTRA Limited (``OSTTRA UK'') and OSTTRA
Services, LLC (``OSTTRA U.S.'') (together, ``OSTTRA'' or ``OSTTRA
Applicants'') each filed with the Securities and Exchange Commission
(``Commission'') an application on Form CA-1 seeking an exemption from
registration as a clearing agency pursuant to Section 17A of the
Securities Exchange Act of 1934 (``Exchange Act'') and Rule 17Ab2-1
thereunder.\1\ Specifically, the application by OSTTRA U.S. (``U.S.
Application'') states that it is seeking an exemption from registration
as a clearing agency to provide post-trade, pre-settlement matching
services for security-based swaps (``SBS'') through its TradeServ
platform and related services.\2\ The application by OSTTRA UK (``UK
Application'') states that it is seeking an exemption from registration
as a clearing agency to provide post-trade, pre-settlement matching
services for SBS and transactions in repurchase and reverse repurchase
agreements involving any type of underlying securities (``Repo
Products'') through its MarkitWire platform and related services.\3\
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\1\ 15 U.S.C. 78q-1; 17 CFR 240.17Ab2-1.
\2\ U.S. Application, Exhibit S. OSTTRA U.S. (File No. 600-42)
subsequently amended its application on December 11, 2024, in 2025
on January 6, November 26, and December 22, and in 2026 on February
11. The non-confidential exhibits of its application are available
for viewing on the Commission's website at <a href="https://www.sec.gov/rules-regulations/commission-orders-notices/other-commission-orders-notices-information">https://www.sec.gov/rules-regulations/commission-orders-notices/other-commission-orders-notices-information</a>.
\3\ UK Application, Exhibit S. OSTTRA UK (File No. 600-41)
subsequently amended its application in 2024 on October 10 and
December 11, in 2025 on January 6, February 10, November 26, and
December 22, and in 2026 on February 2 and February 11. The non-
confidential exhibits of its application are available for viewing
on the Commission's website at <a href="https://www.sec.gov/rules-regulations/commission-orders-notices/other-commission-orders-notices-information">https://www.sec.gov/rules-regulations/commission-orders-notices/other-commission-orders-notices-information</a>.
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[[Page 55952]]
The Commission is publishing this notice to solicit comments from
interested persons on the U.S. and UK Applications. The Commission will
consider any comments it receives in making its determination whether
to grant each of the requests by the OSTTRA Applicants for exemption
from registration as a clearing agency.\4\
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\4\ Because the applications each seek an exemption from
registration, the timing requirements in Section 19(a) of the
Exchange Act do not apply. See 15 U.S.C. 78q-1(b)(2) (applying the
provisions of Section 19(a) to applications for registration but not
applications for an exemption from registration).
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II. Background
The OSTTRA Applicants have been providing the services described in
Part III of this notice pursuant to a temporary, class-based exemption
issued by the Commission in 2011 (``2011 Temporary Exemption'').\5\
Specifically, the 2011 Temporary Exemption provided exemptive relief to
entities performing (non-central counterparty) post-trade services for
SBS that otherwise would have to register as a clearing agency or
obtain an exemption from registration.\6\ In adopting Regulation SE in
2023, the Commission terminated the 2011 Temporary Exemption, while
extending its exemptive relief to entities that applied for
registration or an exemption from registration as a clearing agency.\7\
Pursuant to the terms set forth in the Regulation SE adopting release,
the OSTTRA Applicants have continued to provide the services described
below.\8\
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\5\ See Order Pursuant to Section 36 of the Securities Exchange
Act of 1934 Granting Temporary Exemptions from Clearing Agency
Registration Requirements under Section 17A(b) of the Exchange Act
for Entities Providing Certain Clearing Services for Security-Based
Swaps, Release No. 34-64796 (July 1, 2011), 76 FR 39963 (July 7,
2011).
\6\ See 2011 Temporary Exemption, 76 FR at 39964; see also
Confirmation and Affirmation of Securities Trades; Matching, Release
No. 34-39829 (Apr. 6, 1998), 63 FR 17943, 17946 (Apr. 13, 1998) (the
``Matching Release'') (stating ``an intermediary that captures trade
information from a buyer and a seller of securities and performs an
independent reconciliation or matching of that information'' must
register as a clearing agency or receive an exemption from such
registration).
\7\ See Security-Based Swap Execution and Registration and
Regulation of Security-Based Swap Execution Facilities, Release No.
34-98845 (Nov. 2, 2023), 88 FR 87156, 87229 (Dec. 15, 2023)
(``Regulation SE'') (stating that ``[f]or any entity currently
relying on the 2011 Clearing Agency Exemption that becomes required
to register as a clearing agency, the exemptive relief will
terminate 180 days after the Effective Date of Regulation SE, which
will be 60 days after the date of publication in the Federal
Register, except that (1) with respect to an entity that has filed
an application to register as a clearing agency with the Commission
on Form CA-1 within 180 days of the Effective Date of Regulation SE,
the relief will terminate 240 days after the Effective Date of
Regulation SE; and (2) with respect to an entity that has filed an
application on Form CA-1 within 180 days after the Effective Date of
Regulation SE and whose application on Form CA-1 is complete (having
responded to requests by the Commission's staff for revisions or
amendments) within 240 days after the effective date, the exemptive
relief will terminate 30 days after the Commission acts to approve
or disapprove the application on Form CA-1.'').
\8\ See Regulation SE, 88 FR at 87229; see also U.S.
Application, Exhibit J, at 1, and Exhibit S-1; UK Application,
Exhibit J, at 1, and Exhibit S-1.
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III. Summary of the Applicants' Organization and Services
A. Organization
Orion ELP LP, which is owned by funds and other vehicles controlled
by KKR, is the ultimate parent of the OSTTRA Applicants.\9\ OSTTRA U.S.
is a limited liability company incorporated in Delaware with a Board of
Managers currently composed of two managers who exercise control of the
business,\10\ and OSTTRA UK is a private limited company incorporated
under the United Kingdom's Companies House,\11\ with three directors
who exercise control of the business.\12\
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\9\ See UK Application, Exhibits D and D-1; U.S. Application,
Exhibits D and D-1. On December 11, 2025, the OSTTRA Applicants each
amended their applications to reflect this change in ownership
structure and a related change in the name of the applicant.
Specifically, the UK Application was amended to replace ``MarkitSERV
Limited'' as the applicant with OSTTRA Limited, and the U.S.
Application was amended to replace ``MarkitSERV LLC'' as the
applicant with OSTTRA Services LLC. See UK Application, at Exhibits
D and D-1; U.S. Application, at Exhibits D and D-1. On August 5,
2026, the OSTRAA Applicants amended their applications by letter,
explaining that, over the next 12 months, certain product names will
change because the OSTTRA Applicants have relinquished certain
naming rights, including use of the words ``Markit'' and ``Serv.''
As a result, services previously provided under the names
``TradeServ'' and ``MarkitWire''--which are described throughout
this notice--will be provided under the name ``OSTTRA Connect.'' The
OSTTRA Applicants explain that these changes are strictly a renaming
exercise and introduce no changes to technical architecture, risk
controls, or operational support. See Letter from Michelle Hallet,
Head of Compliance, OSTTRA, dated August 5, 2026.
\10\ See Exhibits A, A-1, B, and B-1A of the U.S. Application
for more information regarding the current Managers of the Board of
Managers.
\11\ See UK Application, Exhibit C-1.
\12\ See Exhibits A, A-1, B, and B-1A of the UK Application for
more information regarding the current directors.
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B. Description of Services in U.S. Application
OSTTRA U.S. provides its post-trade, pre-settlement matching
service called TradeServ to financial institutions in the over-the-
counter (``OTC'') and on venue markets for credit derivatives,
including credit default swaps that are classified as SBS under the
Exchange Act.\13\ TradeServ's clients include SBS dealers, inter-dealer
brokers, prime brokers, and institutional buy-side firms. TradeServ
provides these institutions the ability to exchange transaction data,
match and confirm OTC credit derivative transactions, generate same-day
legal confirmations, achieve straight-through processing to central
clearing parties, submit post-trade events (i.e., amendment,
termination, novation, credit event, and exercise), and comply with
regulatory swap reporting obligations.\14\
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\13\ See U.S. Application, Exhibit S-1.
\14\ See U.S. Application, Exhibit S-1.
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1. Trade Matching and Legal Confirmations
Through TradeServ, users can verify economic terms and perform
electronic legal confirmation of their credit derivative transactions.
Both parties submit their trade details through TradeServ. If the trade
details match, the parties can affirm the transaction and legally
confirm the transaction. If the trade details do not match, the parties
will discuss what the correct detail will be outside of TradeServ and
then make the necessary amendments.\15\
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\15\ See U.S. Application, Exhibit S-1.
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2. Backload Connectivity for Clearing Credit Default Derivatives
OSTTRA U.S. offers a ``backload to clear'' process via the
TradeServ platform for credit derivative transactions. Users of the
service submit details of the previously bi-laterally confirmed credit
default transactions they intend to submit for centralized clearing,
and TradeServ routes the trade details to a central counterparty
(``CCP'') (i.e., ICE Clear Credit or LCH Clearnet SA). Users will
indicate on the transaction the CCP to which the transaction should be
sent.\16\
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\16\ See U.S. Application, Exhibit S-1.
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3. Processing of Post-Trade Life-Cycle Events
Through TradeServ, users are able to submit post-trade events as
applicable over the life-cycle of a transaction, including events such
as: (i) amendment; (ii) partial termination; (iii) full termination;
(iv) novation; (v) credit event; and (vi) exercise.\17\ Confirmed
trades are stored on the platform for at least seven years after
termination or expiry with users able to update or remove the
transaction details at any time. TradeServ provides connectivity for
the industry to the Depository Trust & Clearing Company's (``DTCC'')
Trade Information Warehouse (``TIW'').\18\
[[Page 55953]]
Confirmed trades and trade updates are sent to the TIW where DTCC
maintains the positions on behalf of the industry.\19\ When TIW
processes credit events, these updates are submitted back to
TradeServ.\20\ Clearing houses will also submit cleared trade records
into TradeServ to facilitate submission to TIW.\21\
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\17\ See U.S. Application, Exhibit S-1.
\18\ See U.S. Application, Exhibit S-1.
\19\ See U.S. Application, Exhibit S-1.
\20\ See U.S. Application, Exhibit S-1.
\21\ See U.S. Application, Exhibit S-1.
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4. Support for Regulatory Reporting Requirements
TradeServ offers the ability for trades to be reported to a trade
repository.\22\ Currently the platform offers connectivity to DTCC's
Global Trade Repository and users of the TradeServ platform can opt-in
to have their transactions reported in an industry agreed format for
regimes such as the European Securities Markets Authority (ESMA),
Australian Securities & Investments Commission (ASIC), and Monetary
Authority of Singapore (MAS).\23\
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\22\ See U.S. Application, Exhibit S-1.
\23\ See U.S. Application, Exhibit S-1.
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C. Description of Services in UK Application
OSTTRA UK provides its post-trade, pre-settlement matching service
called MarkitWire to financial institutions in the OTC and on venue
markets for equity derivatives, including equity swaps and variance,
volatility and dividend swaps that are classified as SBS under the
Exchange Act.\24\ MarkitWire's clients include SBS dealers, inter-
dealer brokers, prime brokers, and institutional buy-side firms.\25\
MarkitWire provides these institutions the ability to exchange
transaction data, match and confirm OTC equity derivative transactions,
generate same-day legal confirmations, achieve straight-through
processing to central clearing parties, submit post-trade events (i.e.,
amendment, termination, novation, credit event, and exercise), and
comply with regulatory swap reporting obligations.\26\ MarkitWire also
provides connectivity to certain clearing agencies that provide
centralized clearing for credit derivative transactions.\27\
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\24\ See UK Application, Exhibit S-1.
\25\ See UK Application, Exhibit S-1.
\26\ See UK Application, Exhibit S-1.
\27\ See UK Application, Exhibit S-1.
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1. Trade Matching and Legal Confirmations for Equity Derivatives
Through MarkitWire users can verify economic terms and perform
electronic legal confirmation of their equity derivative
transactions.\28\ Both parties submit their trade details through
MarkitWire.\29\ If the trade details match, the parties can affirm the
transaction and legally confirm the transaction.\30\ If the trade
details do not match, the parties will discuss what the correct detail
will be outside of MarkitWire and then make the necessary
amendments.\31\ MarkitServ proposes to offer MarkitWire matching
services to users for their transactions in Repo Products in the same
manner described above.\32\
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\28\ See UK Application, Exhibit S-1.
\29\ See UK Application, Exhibit S-1.
\30\ See UK Application, Exhibit S-1.
\31\ See UK Application, Exhibit S-1.
\32\ See UK Application, Exhibit S-1.
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2. Matching and Connectivity for Clearing Credit Default Derivatives
OSTTRA UK also offers intraday clearing connectivity via the
MarkitWire platform for credit derivative transactions.\33\ Users of
the service submit details of the credit default transactions they
intend to submit for centralized clearing, which the platform matches,
but instead of producing a legal confirmation for a non-cleared
transaction, MarkitWire routes the trade details to a CCP (i.e., ICE
Clear Credit or LCH Clearnet SA).\34\ Users will indicate on the
transaction the CCP to which the transaction should be sent.\35\ The
CCP will then submit a clearing accepted or rejected message back to
MarkitWire which users are able to view.\36\ If the trade fails
clearing, users can choose to resubmit following updates via the
MarkitWire platform to the CCP.\37\ For successfully cleared trades,
the CCP will submit the details of the `beta' and `gamma' trades into
TradeServ to be passed on to DTCC TIW.\38\
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\33\ See UK Application, Exhibit S-1.
\34\ See UK Application, Exhibit S-1.
\35\ See UK Application, Exhibit S-1.
\36\ See UK Application, Exhibit S-1.
\37\ See UK Application, Exhibit S-1.
\38\ See UK Application, Exhibit S-1. See Part II.D of this
notice for further description of the connectivity between
MarkitWire and TradeServ.
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OSTTRA UK plans to offer intraday clearing connectivity via the
MarkitWire platform for Repo Products to any covered clearing agency
where CCP clearing of such transaction is available.\39\
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\39\ See UK Application, Exhibit S-1.
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3. Processing of Post-Trade Life-Cycle Events
Through MarkitWire, users can submit a variety of post-trade events
as applicable over the life-cycle of an equity derivative transaction,
including events such as: (i) amendment; (ii) partial termination;
(iii) full termination; (iv) novation; (v) credit event; and (vi)
exercise.\40\ Confirmed trades are stored on the platform for at least
seven years after termination or expiry with users able to update or
remove the transaction details at any time.\41\
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\40\ See UK Application, Exhibit S-1.
\41\ See UK Application, Exhibit S-1.
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OSTTRA UK plans to offer these same types of services for lifecycle
events applicable to Repo Products that are not cleared by a CCP.\42\
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\42\ See UK Application, Exhibit S-1.
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4. Support for Regulatory Reporting Requirements
MarkitWire also offers the ability for trades to be reported to a
Trade Repository. Currently the platform offers connectivity to the
DTCC's Global Trade Repository, and users of the MarkitWire platform
can opt-in to have their transactions reported in an industry agreed
format for regimes such as ESMA, ASIC, and MAS.\43\
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\43\ See UK Application, Exhibit S-1.
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D. Osttra Trade Manager Service
OSTTRA U.S. and OSTTRA UK each offer Osttra Trade Manager as an
optional service available to buy-side subscribers.\44\ The service
allows a subscriber to view and manage in one place its trade matching
and confirmation processing workflows across multiple asset classes and
across the TradeServ and MarkitWire confirmation services and paper
confirmations.\45\ Osttra Trade Manager connects to TradeServ as an
interface mechanism to enable the subscriber to submit records into
TradeServ for matching and confirmation and receive responses in
return.\46\ The interface mechanism between Osttra Trade Manager and
MarkitWire allows the subscriber to match (affirm) a subset of trade
details within Osttra Trade Manager which are then communicated into
the MarkitWire affirmation process; the subscriber is also connected to
the MarkitWire matching process.\47\ Whether the interface is with
TradeServ or MarkitWire, the matching/confirmation process is conducted
within TradeServ or MarkitWire.\48\
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\44\ See U.S. Application, Exhibit S-1; UK Application, Exhibit
S-1.
\45\ See U.S. Application, Exhibit S-1, UK Application, Exhibit
S-1.
\46\ See U.S. Application, Exhibit S-1; UK Application, Exhibit
S-1.
\47\ See U.S. Application, Exhibit S-1; UK Application, Exhibit
S-1.
\48\ See U.S. Application, Exhibit S-1; UK Application, Exhibit
S-1.
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[[Page 55954]]
IV. Statutory Standard
Section 17A(b)(1) of the Exchange Act requires any clearing agency
to register with the Commission before performing the functions of a
clearing agency with respect to any security (other than an exempted
security).\49\ Section 17A(b)(1) of the Exchange Act also provides
that, by rule or order, upon its own motion or upon application, the
Commission may conditionally or unconditionally exempt a clearing
agency from any provisions of Section 17A or the rules or regulations
thereunder if the Commission finds that such exemption is consistent
with the public interest, the protection of investors, and the purposes
of Section 17A, including the prompt and accurate clearance and
settlement of securities transactions and the safeguarding of
securities and funds.\50\
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\49\ See 15 U.S.C. 78q-1(b)(1); 17 CFR 240.17Ab2-1.
\50\ See 15 U.S.C. 78q-1(b)(1).
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In the Matching Release, the Commission stated that an entity that
limited its clearing agency functions to providing matching services
might not have to be subject to the full range of clearing agency
regulation, consistent with the exemptive authority provided in Section
17A(b)(1).\51\ The Commission stated that a conditional exemption would
exempt an entity from clearing agency registration under ``appropriate
conditions.'' \52\ The Commission anticipated that an entity seeking an
exemption from clearing agency registration for matching would be
required to: (1) provide the Commission with information on its
matching services and notice of material changes to its matching
services; (2) establish an electronic link to a registered clearing
agency that provides for the settlement of its matched trades; (3)
allow the Commission to inspect its facilities and records; and (4)
make periodic disclosures to the Commission regarding its
operations.\53\
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\51\ See Matching Release, supra note 8, 63 FR at 17947.
\52\ See id.
\53\ See id., n.28.
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V. Requests for Exemption
The OSTTRA Applicants have requested that the Commission grant
exemptive orders pursuant to which each may provide matching services
for SBS via, respectively, TradeServ (as to the U.S. Application) and
MarkitWire (as to the UK Application) platforms that encompass the
clearing agency functions described in the applications, including any
enhancements to the existing services that are within the scope of
trade matching services and any expansion of the services to SBS beyond
those described in the applications.\54\ The UK Application also
includes in its request for an exemption that the exemption encompass
transactions for Repo Products via the TradeServ platform once it
expands beyond de minimis usage and constitutes a clearing agency
function.\55\
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\54\ See UK Application, Exhibit S-1; U.S. Application, Exhibit
S-1.
\55\ See UK Application, Exhibit S.
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A. Application of Statutory Standard
The OSTTRA Applicants each explain that the Commission may exempt a
person from registering as a clearing agency if the Commission
determines that granting the exemption is consistent with the public
interest, the protection of investors, and the policy goals of Section
17A.\56\ Each also describes factors that the Commission previously has
applied in granting exemptive relief, including: (i) prompt and
accurate clearance and settlement of securities transactions, and the
safeguarding of securities and funds; (ii) facilitating development and
expansion of support services to reduce risk; and (iii) reducing
unnecessary costs.\57\
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\56\ See U.S. Application, Exhibit S-1; UK Application, Exhibit
S-1.
\57\ See U.S. Application, Exhibit S-1; UK Application, Exhibit
S-1.
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The OSTTRA Applicants state that the TradeServ and MarkitWire
platforms have ``furthered the policy goals of [Section] 17A [of the
Exchange Act] by providing . . . market participants with services
designed to decrease costs, increase the speed and accuracy of the
confirmation and matching process, and reduce risk and potential error
through the minimization of manual interaction associated with post-
trade/pre-settlement processes.'' \58\
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\58\ See U.S. Application, Exhibit S-1; UK Application, Exhibit
S-1.
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Additionally, the OSTTRA Applicants also explain that requiring
them to register as clearing agencies and to comply with the full set
of obligations applicable to registered clearing agencies under the
Exchange Act would increase the costs to provide its services ``without
any attendant benefit'' and would ``serve only to increase the
operating costs of the applicant, and thus the costs on market
participants.'' \59\ The OSTTRA Applicants also state that they do not
hold any customer assets, manage or direct any customer collateral,
manage margin requirements, or match executions.\60\
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\59\ See U.S. Application, Exhibit S-1; UK Application, Exhibit
S-1.
\60\ See U.S. Application, Exhibit S-1; UK Application, Exhibit
S-1.
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B. Conditions to Exemption
In support of the requests for an exemption from registration in
the U.S. and UK Applications, the OSTTRA Applicants set forth
conditions with which each would comply if its request for exemption
from registration is granted.\61\ Specifically, each of the OSTTRA
Applicants agree to: (1) provide the Commission with information on any
material changes to the clearing agency services that are the subject
of the exemption; (2) allow the Commission to inspect its facilities
where such clearing agency functions are performed and where related
records are maintained; and (3) make periodic disclosures to the
Commission regarding its operations as required or requested by the
Commission.\62\
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\61\ The OSTTRA Applicants state that these conditions are
consistent with other exemptive orders granted by the Commission to
other providers of securities matching services, such as Bloomberg
STP LLC and SS&C Technologies, Inc. See U.S. Application, Exhibit S-
1, at 7; see also Bloomberg STP LLC; SS&C Technologies, Inc; Order
of the Commission Approving Applications for an Exemption from
Registration as a Clearing Agency, Release No. 34-76514 (Nov. 24,
2015), 80 FR 75388 at 75390 (Dec. 1, 2015).
\62\ See U.S. Application, Exhibit S-1; UK Application, Exhibit
S-1.
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VI. Request for Written Comments
Interested persons are invited to provide written data, views, and
arguments concerning the OSTTRA Applicants' U.S. and UK Applications,
including whether the proposed exemptions are consistent with the
public interest, the protection of investors, and the purposes of
Section 17A of the Exchange Act. To the extent possible, commenters are
requested to provide empirical data and other factual support for their
views. In addition, the Commission seeks comment generally on the
following questions relevant to the consideration of the Application:
1. Since the Commission issued the 2011 Temporary Exemption, have
the OSTTRA Applicants provided matching services and operated
consistent with the public interest, the protection of investors, and
the purposes of the Exchange Act? Why or why not? To what extent have
the OSTTRA Applicants' provisions of matching services affected the
ongoing development of the national system for clearance and
settlement?
2. What operational or other risks, if any, do the services
described in the OSTTRA Applications pose to their respective customers
or to clearing
[[Page 55955]]
agencies with which they interact? Do the OSTTRA Applicants' proposed
conditions sufficiently address any such risks? Please explain.
3. Are the OSTTRA Applicants' proposed conditions consistent with
the public interest, the protection of investors, and the purposes of
Section 17A of the Exchange Act, including the prompt and accurate
clearance and settlement of securities transactions and the
safeguarding of securities and funds? Would any revisions to the
proposed conditions better promote the purposes of Section 17A of the
Exchange Act? Why or why not? If so, which conditions should be
modified? Should any conditions be added? Why or why not?
4. Are the OSTTRA Applicants' proposed conditions designed to
promote innovation and to facilitate competition among matching
services?
5. Are there any aspects of the services provided by the OSTTRA
Applicants or aspects of the OSTTRA Applicants' Applications, that
support modifying or revising the interpretations provided by the
Commission in the Matching Release? If so, in what ways or how?
6. Are there any aspects of the services provided by the OSTTRA
Applicants or proposed to be provided by the OSTTRA Applicants that
would support applying Commission rules such as Regulation SCI, the
rules for central matching service providers under 17 CFR 240.17ad-27,
or the recordkeeping requirements for registered clearing agencies
under 17 CFR 240.17a-1? If so, which rules and why?
Comments may be submitted by any of the following methods:
Electronic Comments
<bullet> Use the Commission's internet comment form (<a href="https://www.sec.gov/rules-regulations/how-submit-comment">https://www.sec.gov/rules-regulations/how-submit-comment</a>); or
<bullet> Send an email to <a href="/cdn-cgi/l/email-protection#4c3e392029612f2321212922383f0c3f292f622b233a"><span class="__cf_email__" data-cfemail="9ceee9f0f9b1fff3f1f1f9f2e8efdceff9ffb2fbf3ea">[email protected]</span></a>. Please include
File Numbers 600-41 or 600-42 on the subject line.
Paper Comments
<bullet> Send paper comments to Secretary, Securities and Exchange
Commission, 100 F Street NE, Washington, DC 20549-1090. All submissions
should refer to File Numbers 600-41 or 600-42.
To help the Commission process and review your comments more
efficiently, please use only one method of submission. The Commission
will post all comments on the Commission's internet website (<a href="https://www.sec.gov/rules-regulations/commission-orders-notices/other-commission-orders-notices-information">https://www.sec.gov/rules-regulations/commission-orders-notices/other-commission-orders-notices-information</a>). Do not include personal
identifiable information in submissions; you should submit only
information that you wish to make available publicly. We may redact in
part or withhold entirely from publication submitted material that is
obscene or subject to copyright protection. All submissions should
refer to File Numbers 600-41 or 600-42 and should be submitted on or
before October 15, 2026.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\63\
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\63\ 17 CFR 200.30-3(a)(16).
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Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2026-17672 Filed 8-28-26; 8:45 am]
BILLING CODE 8011-01-P
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