Subject: File Nr S7-2026-07 - Notification of late response from ASIFMA
From: Philippe Dirckx, Managing Director – Head of Fixed Income
Affiliation: ASIFMA

Apr. 2, 2026

File Nr S7-2026-07 - Notification of late response from ASIFMA

Dear Ms. Vanessa A. Countryman,

Trust this email will find you well.

ASIFMA (Asia Securities Industry & Financial Markets Association) and its members would like to thank the SEC for the “Notice of Request for Exemptive Relief, Pursuant to Section 36(a) of the Securities Exchange Act of 1934, from Certain Aspects of Rule 17ad-22(e)(18)(iv) of the Securities Exchange Act of 1934 and Request for Comment”.

As we have some divergence of views between our US and non-US members, we are working on building a consensus. With the Easter school holidays and the upcoming long Easter weekend, we will not be able to finalize our response by the requested deadline. We would therefore like to let you know that we may delay our response to no later than April 16th, and hope you will understand.

The migration to mandatory central clearing is a critical operating and regulatory change for our members and we want to ensure represents a balanced view of these members while ensuring the SEC objectives of liquidity, resilience and stability to be achieved.

Thank very much beforehand
With my best regards
Philippe Dirckx




Philippe Dirckx 
Managing Director – Head of Fixed Income 

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