3235-AK74 202210 The Regulatory Plan and the Unified Agenda of Federal Regulatory and Deregulatory Actions 3235 Securities and Exchange Commission SEC Clearing Agency Governance

The Division is considering recommending that the Commission adopt rules under the Securities Exchange Act of 1934 to help improve the governance of clearing agencies registered with the Commission by reducing the likelihood that conflicts of interest may influence the board of directors or equivalent governing body of a registered clearing agency. The Commission proposed rules that would identify certain responsibilities of the board, increase transparency into board governance, and, more generally, improve the alignment of incentives among owners and participants of a registered clearing agency. In support of these objectives, the proposed rules would establish new requirements for board and committee composition, independent directors, management of conflicts of interest, and board oversight.

]]> Substantive, Nonsignificant Previously Published in The Unified Agenda Final Rule Stage Undetermined No 17 CFR 242 Pub. L. 111-203, sec. 765 Pub. L. 111-203, sec. 763 15 U.S.C. 78c 15 U.S.C. 78f 15 U.S.C. 78k-1 15 U.S.C. 78q-1 15 U.S.C. 78w(a) Statutory Final 01/18/2011 Pub. L. 111-203, sec. 765. Pub. L. 111-203, sec. 765. The Dodd-Frank Act requires the Commission to adopt rules to mitigate conflicts of interest for security-based swap clearing agencies, security-based swap execution facilities, and security-based swap exchanges. No NPRM 10/26/2010 75 FR 65881 NPRM Comment Period End 11/26/2010 NPRM Comment Period Extended 03/08/2011 76 FR 12654 NPRM Comment Period Extended End 04/29/2011 NPRM Comment Period Reopened 05/23/2013 78 FR 30800 NPRM Comment Period Reopened End 07/22/2013 Final Action 02/01/2021 86 FR 7637 Final Action Effective 04/02/2021 Second NPRM 08/23/2022 87 FR 51812 Second NPRM Comment Period End 10/07/2022 Final Action 10/00/2023 No No None No www.sec.gov/rules/proposed/2011/34-64018.pdf No No 3235-AL13 Merged with 3235-AK93 Related to Matthew Lee Assistant Director, Division of Trading and Markets 3235 Securities and Exchange Commission SEC 202 551-5794 leemat@sec.gov 100 F Street NE, Washington DC 20549