31 Jul 2025
📄Proposed Rule Change for GSD Rulebook - SEC Notice
Self-Regulatory Organizations; Fixed Income Clearing Corporation; Notice of Designation of Longer Period for Commission Action on Proposed Rule Change To Modify the GSD Rulebook Relating to Default Management and Porting With Respect to Indirect Participant Activity
Summary
The SEC has extended the review period for a proposed rule change by the Fixed Income Clearing Corporation regarding modifications to the Government Securities Division Rulebook. This change focuses on default management practices and the porting of indirect participant activities, with implications for broader market compliance and operational adjustments.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change impacts financial regulations concerning default management and participant activity in the fixed income sector, which can directly affect business operations for entities participating in these markets. Compliance with potential new rules and changes to operations may involve significant adjustments for businesses.