📈ICE Clear Credit Proposes Rule Change on Monitoring Procedures
Self-Regulatory Organizations; ICE Clear Credit LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change Relating to the ICE Clear Credit Counterparty Monitoring Procedures
Summary
ICE Clear Credit LLC has filed a proposed rule change to update its Counterparty Monitoring Procedures, focusing on clarifications to ensure consistency with current practices without altering the ICC Clearing Rules. The changes aim to enhance the effectiveness and clarity of oversight over counterparties, reinforcing the stability and integrity of clearance and settlement processes.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule changes by ICE Clear Credit LLC regarding Counterparty Monitoring Procedures directly impact compliance and regulatory requirements in the securities and derivatives markets. The revisions enhance stability and efficiency in clearance and settlement processes, affecting financial services and risk management practices for clearing participants.