28 Apr 2025
📈DTC Proposed Rule Change for Recovery and Wind-Down Plan
Self-Regulatory Organizations; The Depository Trust Company; Notice of Filing of Proposed Rule Change To Amend the Recovery and Wind-Down Plan To Satisfy the Requirements of Exchange Act Rule 17ad-26
Summary
The SEC published a notice regarding the proposed amendments to The Depository Trust Company's Recovery and Wind-Down Plan, ensuring compliance with new regulatory requirements. The Plan covers strategies for recovery from financial losses and orderly wind-down procedures. This proposal is designed to maintain continuity of essential services amidst potential market stress.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The document outlines compliance requirements for The Depository Trust Company's Recovery and Wind-Down Plan, which affects business operations related to financial transactions. As DTC is a key player in the securities market, these amendments will influence how businesses interact with core services and handle financial risks.