📈FICC's Proposed Rule Changes on Capital Policy and Replenishment Plan
Self-Regulatory Organizations; Fixed Income Clearing Corporation; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Capital Policy and the Capital Replenishment Plan
Summary
The Securities and Exchange Commission announces the Fixed Income Clearing Corporation's proposed amendments to its Capital Policy and Capital Replenishment Plan. The revisions aim to simplify and clarify the policy, ensuring effective management of capital reserves needed for business continuity against potential financial losses. The plan updates authorization procedures to enhance operational resilience.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change by the Fixed Income Clearing Corporation to amend its Capital Policy and Capital Replenishment Plan affects regulatory compliance and financial requirements for clearing agencies. These changes directly impact how businesses manage their capital and liquidity, ensuring they can continue operations in case of losses, thus having significant implications for financial stability.