23 Jan 2025
📜SEC Notice
Self-Regulatory Organizations; National Securities Clearing Corporation; 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 proposed rule change impacts compliance and regulatory requirements concerning netting and guaranty obligations between clearing agencies. This could lead to changes in how businesses manage their clearing activities and liquidity risks. The text indicates a thorough revision of the existing contractual obligations that may affect operational or financial strategies for businesses involved in securities.