24 Jun 2025
🔄LCH SA Regulatory Changes for Clearing Members Approved
Self-Regulatory Organizations; LCH SA; Order Approving Proposed Rule Change Relating To Revisions to Its Rule Book and FCM/BD Regulations Related To Clearing Member Testing Requirements
Summary
The Securities and Exchange Commission has approved a proposed rule change by LCH SA concerning revisions to its Rule Book and regulations. Notably, Clearing Members are mandated to participate in regular testing of business continuity and disaster recovery plans, enhancing operational resilience and compliance standards within the clearing agency framework.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The document details regulatory requirements for Clearing Members, mandating participation in testing business continuity and disaster recovery plans, directly affecting compliance and operational readiness for financial firms. This impacts financial stability and risk management practices within the industry.