SEC publishes notice on Cboe Clear U.S. amendment to clearing agency registration

On Oct. 1, 2026, Cboe Clear U.S., LLC (CCUS) filed an amendment to its Form CA-1 application seeking registration as a clearing agency under Section 17A of the Exchange Act. The amendment adds two new exhibits - a Delaware Certificate of Good Standing (Exhibit E-6) and a CPMI-IOSCO disclosure (Exhibit J-2) - and revises several existing exhibits, including governance, rule, and equity disclosures.

The amendment updates Exhibit A with a board composition table and notes that CCUS's ultimate parent, Cboe Global Markets, Inc., will consider adopting a governance policy aligned with its corporate charter. Exhibit E-2 is revised to add appeal processes and expand Rule 405. Exhibit E-3 modifies the Ninth Amended and Restated LLC Agreement to limit the Member's reserved authorities, define "director," and require board review of the annual budget and auditor selection. Exhibit J now describes CCUS's Open Access Model, Exhibit L references $25 million in contributed equity, Exhibit O defines Direct Clearing Members and their qualification criteria, and Exhibit S removes exemption requests related to Regulation Systems Compliance and Integrity.

The Commission is soliciting comments on the amended application. Submissions must reference File Number 600-47 and may be filed electronically via the SEC's comment form or by email, or sent as paper to the SEC's Washington, D.C., office. All comments are due by Oct. 30, 2026, after which the Commission will consider them before taking any action on the permanent registration.

Non-confidential versions of the modified exhibits are available on the SEC's website at https://www.sec.gov/rules-regulations/commission-orders-notices/other-commission-orders-notices-information/ccus-form-ca-1.