# 2026-22493: SEC Gives Certain Treasury Repo Deals a Clearing-Rule Pass

2026-22493, Order Granting Exemptive Relief, Pursuant to Sections 17A and 36(a) of the Securities Exchange Act of 1934, From the Definition of an “Eligible Secondary Market Transaction” in Rule 17ad-22(a), is a Federal Register notice from Securities and Exchange Commission published 2026-11-04, effective 2026-10-30; PRIA reads it as touching household money (as of 2026-11-06).

- Canonical: https://policyrisk.com/federal-register/2026-22493
- As of: 2026-11-06
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2026-22493
- Title: Order Granting Exemptive Relief, Pursuant to Sections 17A and 36(a) of the Securities Exchange Act of 1934, From the Definition of an “Eligible Secondary Market Transaction” in Rule 17ad-22(a)
- Type: Notice
- Agencies: Securities and Exchange Commission
- Citation: 91 FR 69578
- Published: 2026-11-04
- Effective: 2026-10-30
- Comments close: not stated
- Significant: no
- Touches household money: yes
- Regulation identifier numbers: none
- Last updated: 2026-11-06

## In one line

SEC Gives Certain Treasury Repo Deals a Clearing-Rule Pass

## Summary

The SEC is giving a special pass to certain repo deals between related parties, so they don’t have to follow the usual clearing rules for U.S. Treasury securities. This change helps big financial players who trade with their own affiliates avoid extra paperwork and delays. The new rule kicks in right away, making trading smoother without affecting costs for most folks.

## Effects PRIA read

- Exemption for Certain Non-U.S. Repo Trades: benefit, medium. If your firm is a direct participant of a U.S. Treasury securities covered clearing agency (CCA), the Commission allows certain "Qualifying Non-U.S. Transactions" (specified repo transactions with non-U.S. clients/participants or foreign branches) to be excluded from the rule that would otherwise r…
- Broader Inter-Affiliate Exclusion for Repos: benefit, medium. The Commission expands exemptive relief so that repo transactions between a direct participant and any affiliate that meets the majority-ownership and consolidated-reporting criteria in Rule 17ad-22(a) are excluded from the definition of an "eligible secondary market transaction," provided the affi…

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## Sources
- [2026-22493 on federalregister.gov](https://www.federalregister.gov/documents/2026/11/04/2026-22493/order-granting-exemptive-relief-pursuant-to-sections-17a-and-36a-of-the-securities-exchange-act-of)
- [2026-22493 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2026-11-04/pdf/2026-22493.pdf)

## Related
- [Previous: 2026-22492, Combined Notice of Filings](https://policyrisk.com/federal-register/2026-22492)
- [Next: 2026-22494, Emergency Clearance: Public Information Collection Requirements Submitted to th…](https://policyrisk.com/federal-register/2026-22494)
- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2026-22493 (as of 2026-11-06).