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SEC RIN: 3235-AL13 Publication ID: Spring 2011 
Title: ●Clearing Agency Standards for Operation and Governance 
Abstract: The Commission proposed seven new rules and an amendment to an existing rule related to clearing agencies, including clearing agencies that clear security-based swaps. The proposed rules are designed to enhance the regulatory framework for the supervision of clearing agencies. Specifically, the Commission proposed to: (1) Identify certain minimum standards for all clearing agencies; (2) require dissemination of pricing and valuation information by security-based swap clearing agencies that perform central counterparty services; (3) require all clearing agencies to have adequate safeguards and procedures to protect the confidentiality of trading information of clearing agency participants; (4) exempt certain security-based swap dealers and security-based swap execution facilities from the definition of a clearing agency; (5) amend rules concerning registration of clearing agencies to account for security-based swap clearing agencies and to make other technical changes; (6) require all clearing agencies to have procedures that identify and address conflicts of interest; (7) require minimum standards for all members of clearing agency boards of directors or committees; and (8) require all clearing agencies to designate a chief compliance officer. 
Agency: Securities and Exchange Commission(SEC)  Priority: Substantive, Nonsignificant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: Undetermined  Unfunded Mandates: No 
CFR Citation: Not Yet Determined     (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: PL 111-203 sec 763    15 USC 78q-1   
Legal Deadline:
Action Source Description Date
Final  Statutory  The Dodd-Frank Act requires adoption of rules within 360 days of enactment.  07/16/2011 
Timetable:
Action Date FR Cite
NPRM  03/16/2011  76 FR 14472   
NPRM Comment Period End  04/29/2011    
Final Action  07/00/2011    
Regulatory Flexibility Analysis Required: No  Government Levels Affected: Undetermined 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Information URL: www.sec.gov/rules/proposed/2011/34-64017.pdf  
RIN Data Printed in the FR: No 
Agency Contact:
Andrew Blake
Division of Trading and Markets
Securities and Exchange Commission
100 F Street NE,
Washington, DE 20016
Phone:202 551-5846
Email: blakea@sec.gov