27 Jun 2025
⚖️Proposed Rule Change to Disruption Rules by NSCC
Self-Regulatory Organizations; National Securities Clearing Corporation; Notice of Filing of Amendment No. 1, and Order Instituting Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change, as Modified by Amendment No. 1, Regarding Proposed Rule Change Relating to a Participant System Disruption
Summary
The Securities and Exchange Commission has published a notice concerning the proposed amendment to the Disruption Rules of the National Securities Clearing Corporation. This amendment aims to update critical definitions and streamline operational procedures affecting security transactions, with the goal of enhancing compliance and risk management practices within financial markets.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The regulatory text outlines significant changes to the National Securities Clearing Corporation's Disruption Rules, necessitating compliance by clearing agencies and their participants. This involves updated definitions and streamlined notification processes that impact operational efficiency and risk management in financial transactions.