23 Jan 2025
📈SEC Proposes Rule Change for DTC and NSCC Netting Agreement
Self-Regulatory Organizations; The Depository Trust Company; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend and Restate the Second Amended and Restated Netting Contract and Limited Cross-Guaranty Between NSCC and DTC
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The content outlines a proposed rule change by the SEC that amends the existing netting contract between NSCC and DTC, which has implications for liquidity obligations and operational procedures for businesses involved with these clearing agencies. Business owners and executives need to be aware of these changes to assess potential impacts on their operations and regulatory compliance.