📈SEC Proposes Rule Change for Clearing Agency Securities Valuation
Self-Regulatory Organizations; The Depository Trust Company; Notice of Filing of Proposed Rule Change To Update the Clearing Agency Securities Valuation Framework To Include Use of Substantive Inputs
Summary
The Securities and Exchange Commission has published a notice regarding a proposed rule change by The Depository Trust Company, aimed at updating the Clearing Agency Securities Valuation Framework. The changes will enhance the standards for risk-based margin systems and ensure the use of reliable and timely data inputs in financial transactions, focused on maintaining robust risk management and compliance mechanisms.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change updates requirements regarding risk-based margin systems for clearing agencies, affecting how businesses manage their risk-related financial obligations. This is particularly relevant for firms interacting with The Depository Trust Company and its affiliates. Compliance with these rules is essential for maintaining the integrity of securities transactions.