20 Aug 2025
💰NSCC Proposes to Remove Other Transactions Charge - Business Impact
Self-Regulatory Organizations; National Securities Clearing Corporation; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Remove the Other Transactions Charge From the NSCC Rules
Summary
The Securities and Exchange Commission (SEC) has received a proposal from the National Securities Clearing Corporation (NSCC) to eliminate the Other Transactions Charge in its rules. This move aims to align fees with actual market risks and enhance the efficiency of securities transactions conducted by NSCC Members, benefiting overall market participation.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change to eliminate the Other Transactions Charge will reduce costs for NSCC Members regarding settlement transactions. This change aligns fees with actual risks and will encourage participation in Other Transactions, enhancing market efficiency.