29 Jan 2025
📊FICC Proposal on Voluntary Withdrawal Provisions – Key Business Implications
Self-Regulatory Organizations; Fixed Income Clearing Corporation; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Revise the Voluntary Withdrawal Provisions of the Rules
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change by the FICC affects voluntary withdrawal provisions, which directly impacts business owners who rely on these services, specifically EPN Users and CCIT Members. Non-compliance with the updated requirements may result in unintended membership termination, affecting operational capabilities and financial obligations.