8 Jan 2025
📈SEC Announces NSCC Rule Change for CNS Securities Receipt
Self-Regulatory Organizations; National Securities Clearing Corporation; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Modify the NSCC Rules & Procedures With Respect to the Receipt of CNS Securities
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change by the NSCC impacts clearing agencies and their procedures regarding security receipt, which may affect operational compliance and efficiency for businesses involved in securities transactions. As the change is subject to immediate effectiveness, firms must adapt swiftly to maintain compliance.