📊Proposed Rule Change for Securities Clearing Agencies on Margin Requirements
Self-Regulatory Organizations; National Securities Clearing Corporation; Notice of Filing of Proposed Rule Change To Update the Clearing Agency Securities Valuation Framework To Include Use of Substantive Inputs
Summary
The Securities Exchange Commission announces a proposed rule change from the National Securities Clearing Corporation to update its Securities Valuation Framework. This change incorporates new requirements related to substantive inputs for risk-based margin systems, enhancing compliance practices and risk management strategies across clearing agencies. The updates aim to improve the reliability of margin calculations and collateral valuation processes.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change from the National Securities Clearing Corporation addresses compliance with new CCAS Margin Rules, impacting margin requirements and risk management systems for clearing agencies. This creates regulatory obligations for businesses engaged in securities, as they must ensure adherence to updated frameworks for substantive inputs, potentially affecting financial planning and operational processes.