22 Jul 2025
📈SEC Approves ICC's Recovery and Wind-Down Plans
Self-Regulatory Organizations; ICE Clear Credit LLC; Order Approving Proposed Rule Change Relating to the ICE Clear Credit Recovery Plan and the ICE Clear Credit Wind-Down Plan
Summary
The SEC has approved the proposed revisions to the Recovery Plan and Wind-Down Plan of ICE Clear Credit LLC, enhancing compliance with regulatory requirements for clearing agencies. The changes aim to ensure operational resilience and clarity in the event of financial disruptions, updating governance structures and operational protocols.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The text outlines the SEC's approval of ICC's Proposed Rule Change for Recovery and Wind-Down Plans, which impacts compliance and regulatory requirements for financial institutions. Businesses in the financial sector must adapt their operations and governance structures to align with these updates, reflecting a need for transparency and resilience in case of disruptions.