19 Mar 2025
📈Proposed Rule Change to NSCC's Risk Management Framework
Self-Regulatory Organizations; National Securities Clearing Corporation; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the Clearing Agency Risk Management Framework
Summary
The notice from the Securities and Exchange Commission announces the proposed rule change by the National Securities Clearing Corporation to amend its Risk Management Framework. This includes updates on the quarterly and annual review processes, clarification measures, and the removal of specific references, aimed at enhancing clarity within its operational guidelines.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The notice details a proposed rule change by the National Securities Clearing Corporation that updates their Risk Management Framework, affecting compliance standards for clearing agencies. This change is relevant for business owners and executives in the finance and securities sectors, as it could influence operational protocols and risk management strategies.