New SEC Rules on Clearing Agency Standards

ALI CLE Webcast

23 Jan 2013 12:00 p.m. - 01:30 p.m. EST

Joseph Marano
(212) 336-4316

For presentation materials, click here.

The Securities and Exchange Commission (SEC) adopted new Rule 17Ad-22 on Clearing Agency Standards in accordance with relevant sections of the Securities Exchange Act of 1934 and of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. Rule 17Ad-22 establishes minimum requirements regarding how registered clearing agencies must maintain effective risk management procedures and controls as well as meet the statutory requirements under the Exchange Act on an ongoing basis.

Topics include:

  • Basics of central clearing;
  • Functions of a CCP;
  • Risk management and other standards applicable to registered clearing firms;
  • Standards applicable to participants;
  • Timeline for registration;
  • Timeline for mandatory clearing;
  • Reporting and recordkeeping requirements; and
  • Considerations for end-users and others establishing clearing arrangements.


  • Andrew P. Blake, Sidley Austin LLP
  • David H. Kaufman, Morrison & Foerster LLP
  • Anna T. Pinedo, Morrison & Foerster LLP

ALI CLE will provide CLE Credit.




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