SEC Rule on Filing Requirements for Dually-Registered Clearing Agencies

On July 7, the SEC adopted an interim final rule to amend Rule 19b-4 under the Exchange Act which expands the list of categories that qualify for summary effectiveness under Section 19(b)(3)(A) of the Exchange Act to include any matter effecting a change in an existing service of an SEC-registered clearing agency that primarily affects its futures clearing operations with respect to non-security futures and does not significantly affect any securities clearing operations of the clearing agency or the rights or obligations of the clearing agency or persons using such servicer. Comments must be submitted by September 15. SEC Rule.