23 Jun 2025
📈SEC Notice on OCC's Revised Recovery and Wind-Down Plan
Self-Regulatory Organizations; The Options Clearing Corporation; Notice of Designation of Longer Period for Commission Action on Proposed Rule Change, as Modified by Partial Amendment No. 1, Concerning Modifications to OCC's Recovery and Orderly Wind-Down Plan (“RWD Plan” or “Plan”) To Align With the Recently Adopted SEC RWD Rule
Summary
The SEC has announced the extension of the review period for proposed modifications to the Options Clearing Corporation's Recovery and Orderly Wind-Down Plan. This notice allows additional time for the SEC to assess the implications of the proposed rule changes, which aim to align with recent SEC regulations.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The content pertains to a regulatory notice from the SEC concerning modifications to the OCC's Recovery and Orderly Wind-Down Plan, which directly impacts compliance and operational frameworks for financial services firms. Business owners must be aware of regulatory timelines and the implications of the proposed changes on their operations.