15 Aug 2025
📈ICC Proposes Rule Change for CDS Instrument On-Boarding Policies
Self-Regulatory Organizations; ICE Clear Credit LLC; Notice of Filing of Proposed Rule Change Relating to the ICC CDS Instrument On-Boarding Policies and Procedures
Summary
The SEC has published a notice on the ICC's proposed rule change to amend its CDS Instrument On-boarding Policies and Procedures. The amendments aim to enhance the guiding principles for instrument selection, reflect current practices, and address clarifying non-substantive changes, ensuring improved operational readiness for clearing new instruments.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change by the ICC relates directly to compliance and regulatory requirements for clearing organizations, impacting how businesses navigate instrument on-boarding and risk management. It expands the types of instruments that can be cleared, affecting capital flows and risk assessments for clearing participants.