⚖️Proposed Regulatory Changes for DTC Participant System Disruptions
Self-Regulatory Organizations; The Depository Trust Company; Notice of Filing of Proposed Rule Change Relating to a Participant System Disruption
Summary
The document posted by the SEC details proposed amendments to the Disruption Rules of the Depository Trust Company, focusing on enhancing protocols for managing system disruptions. Key changes include updated definitions, notification requirements, and governance structures for addressing Major System Events, aimed at improving operational resilience and compliance among market participants.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The document outlines proposed regulatory changes impacting the operational requirements of the Depository Trust Company (DTC) and its participants, specifically concerning crisis management during system disruptions. This affects compliance and operational protocols for businesses involved, necessitating adaptations that may involve costs and procedural changes.