📊Proposed Amendment to DTC Disruption Rules
Self-Regulatory Organizations; The Depository Trust Company; 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 received a filing from The Depository Trust Company proposing amendments to its Disruption Rules. These modifications aim to clarify definitions, simplify reporting requirements, and address third-party cybersecurity concerns, enhancing operational resilience for entities connected to DTC Systems. The changes are expected to improve response actions for operational disruptions and safeguard securities transactions.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The content discusses the proposed rule change regarding the Disruption Rules by The Depository Trust Company (DTC) affecting system disruptions that could significantly impact business operations. This necessitates compliance from affected business participants, resulting in financial and operational implications for business leaders in the financial sector.