16 Jun 2025
📈Proposed Rule Changes for Recovery and Wind-Down Plans Approved
Self-Regulatory Organizations; The Depository Trust Company; Fixed Income Clearing Corporation; National Securities Corporation; Order Approving a Proposed Rule Changes To Amend the Recovery and Wind-Down Plan To Satisfy the Requirements of Exchange Act Rule 17ad-26
Summary
The SEC approved proposed rule changes from the Depository Trust Company, Fixed Income Clearing Corporation, and National Securities Corporation to amend their recovery and wind-down plans. These modifications aim to enhance compliance with new regulatory requirements, ensuring better risk management and operational readiness during market stress, thereby supporting the continuity of critical financial services.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The content involves significant regulatory requirements for clearing agencies regarding their recovery and wind-down plans, affecting compliance costs, operational risk management, and financial stability. These changes could impact business operations, necessitating strategic adjustments and resource allocation.