13 Jun 2025
⚖️Nasdaq Proposes Rule Change on Participant Risk Settings
Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Equity 6, Section 4 (Exchange Sharing of Participant Risk Settings) To Permit the Allocation of Responsibility to Clearing Members
Summary
The Securities and Exchange Commission published a notice regarding Nasdaq's proposed amendment to allow participants to allocate responsibility for risk settings to their clearing members. This change aims to enhance risk management, promote equitable trade practices, and bolster compliance with applicable regulations. Interested parties are invited to comment on the proposal.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change allows participants to allocate risk management responsibilities to their clearing members, enhancing risk monitoring and control. This affects compliance and operational processes for businesses involved in securities trading.