8 May 2025
đŸ“ˆNotice on Proposed Rule Changes for Clearing Agencies by SEC
Self-Regulatory Organizations; The Depository Trust Company; Fixed Income Clearing Corporation; and National Securities Clearing Corporation; Notice of Designation of Longer Period for Commission Action on Proposed Rule Changes Relating to a Participant System Disruption
Summary
The Securities and Exchange Commission issued a notice regarding proposed rule changes from The Depository Trust Company, Fixed Income Clearing Corporation, and National Securities Clearing Corporation. These changes aim to modify existing disruption rules to enhance operational resiliency and address system disconnects, with a longer review period designated for comprehensive evaluation.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The text discusses proposed rule changes by key clearing agencies to modify disruption rules, which directly impacts regulatory compliance for businesses involved in securities and clearing operations. Changes in rules may affect operational risk management and business continuity planning.