19 Sep 2025
🏦Proposed Rule Change for LCH SA Board Governance
Self-Regulatory Organizations; LCH SA; Notice of Filing of Proposed Rule Change Relating To Revisions to Its Terms of Reference of the Nomination Committee and Board of Directors
Summary
LCH SA has filed a proposed rule change with the SEC regarding governance modifications for its Board of Directors. This includes increasing the number of User Directors and amending nomination criteria to better reflect operational needs, aiming to ensure fair representation and adapt to recent changes in corporate relationships.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The document outlines proposed rule changes by LCH SA that affect the governance and composition of its Board of Directors, including increasing User Directors and removing shareholding requirements. This could impact business operations for financial institutions connected to LCH SA by altering representation and governance structures.