5 Mar 2025
💰FICC Proposes Rule Change on Funds-Only Settlement Amount Payments
Self-Regulatory Organizations; Fixed Income Clearing Corporation; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Revise the Provisions Concerning Funds-Only Settlement Amount Payments of the GSD Rules
Summary
The Securities and Exchange Commission publishes a notice regarding the Fixed Income Clearing Corporation's proposed rule change to modify Funds-Only Settlement Amount payment provisions within its Government Securities Division Rulebook. The changes aim to clarify settlement designations and discharge obligations upon payment, enhancing compliance for participants in the securities market. Comments are invited from interested parties.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change by FICC revises payment provisions which impacts compliance for financial and securities firms involved in government securities. Business owners must adapt operations accordingly to align with new regulations.