27 Jun 2025
📈Amendments to FICC Disruption Rules Impacting Financial Services
Self-Regulatory Organizations; Fixed Income Clearing Corporation; Notice of Filing of Amendment No. 1, and Order Instituting Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change, as Modified by Amendment No. 1, Regarding Proposed Rule Change Relating to a Participant System Disruption
Summary
The Securities and Exchange Commission has published a notice regarding proposed modifications to the Fixed Income Clearing Corporation's Disruption Rules. The amendments aim to enhance the handling of participant system disruptions, define new terms, and streamline reporting processes. This initiative focuses on improving operational risk management and overall compliance within the financial services sector.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The content outlines amendments to the Disruption Rules by the Fixed Income Clearing Corporation which business owners and executives must comply with. These changes affect how disruptions are reported and managed in relation to DTCC Systems Participants, thus impacting operational risk management significantly.