11 Mar 2025
📜Proposed Rule Changes by Options Clearing Corporation Effectiveness Notice
Self-Regulatory Organizations; The Options Clearing Corporation; Notice of Filing and Immediate Effectiveness of Proposed Rule Change by The Options Clearing Corporation Concerning Updates to Various Contracts and Forms That, in Conjunction With OCC's By-Laws and Rules, Establish and Govern the Relationship Between OCC and Each Clearing Member (Collectively, the “Clearing Member Documents”)
Summary
The SEC announces the immediate effectiveness of proposed rule changes by the Options Clearing Corporation regarding updates to contracts and forms governing relationships with Clearing Members. These changes reflect recent OCC approvals and aim to align with current business processes while ensuring compliance with existing rules. Public comments are invited on the proposed changes.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change pertains to updates on contracts and agreements that govern the relationship between the Options Clearing Corporation (OCC) and its Clearing Members, impacting compliance and operational processes for businesses. The notice solicits comments, signaling potential changes influencing member obligations and operational standards.