(28)Non-US CCPs registered with the SEC must comply with the relevant requirements of the USA, including SEC regulations applicable to registered clearing agencies qualified as covered clearing agencies. The Exchange Act, however, grants the SEC broad exemptive authority. Under Section 17A(b)(1) of the Exchange Act, the SEC may provide exemptive relief from regulatory requirements if it is consistent with the public interest, the protection of investors, and the purposes of Section 17A of the Exchange Act, including the prompt and accurate clearance and settlement of securities transactions and the safeguarding of securities and funds. Under Section 36 of that Act, the SEC may, conditionally or unconditionally, exempt any person, security, or transaction, or any class or classes of persons, securities or transactions, from provisions of the Exchange Act or rules or regulations thereunder, to the extent that such exemption is necessary or appropriate in the public interest and is consistent with the protection of investors. In addition, under Section 17A(k) of the Exchange Act, the SEC may grant an exemption, conditionally or unconditionally, from clearing agency registration for the clearing of security-based swaps if the SEC determines that the clearing agency is subject to comparable, comprehensive supervision and regulation by the appropriate government authorities in the home country of the clearing agency.