📈Proposed Amendments to NSCC Recovery and Wind-Down Plan
Self-Regulatory Organizations; National Securities Clearing Corporation; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the Recovery and Wind-Down Plan
Summary
The Securities and Exchange Commission has published notice of the National Securities Clearing Corporation's proposed amendments to its Recovery and Wind-Down Plan. These amendments are aimed at reflecting recent business developments, enhancing clarity, and ensuring effective risk management practices in maintaining continuous critical services essential for market stability. The plan outlines strategies for recovery and orderly wind-down of operations under stress scenarios.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change concerning the Recovery and Wind-Down Plan of NSCC directly affects compliance and risk management for clearing agencies, ensuring continuity of critical services under challenging circumstances. This impacts financial strategies and operational decisions for businesses relying on NSCC services.