The U.S. Securities and Exchange Commission (SEC) has announced a one-year extension for compliance deadlines related to the central clearing rule for U.S. Treasury securities. This decision follows requests from industry groups and lawmakers, including a letter from members of the House Financial Services Committee urging the SEC to delay the implementation. The original rule faced criticism for being rushed and lacking clarity, prompting the SEC to allow additional time for firms to prepare for more rigorous procedures. The extension is expected to benefit various clearing organizations, including the Fixed Income Clearing Corporation (FICC), CME Group, Intercontinental Exchange (ICE), and LCH, as they adjust to the new regulations.