8 Apr 2025
📈OCC Proposes Change to Operational Loss Fee Schedule
Self-Regulatory Organizations; The Options Clearing Corporation; Notice of Filing and Immediate Effectiveness of Proposed Rule Change by The Options Clearing Corporation Concerning a Change in the Maximum Contingent Operational Loss Fee Listed in OCC's Schedule of Fees in Accordance With OCC's Capital Management Policy
Summary
The SEC published notice about OCC's proposed rule change to modify the maximum aggregate Operational Loss Fee in its fee schedule. This adjustment aligns with OCC's Capital Management Policy to maintain liquidity and solvency thresholds, reflecting updated operating expenses based on the 2025 budget, ensuring financial integrity for Clearing Members.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change by the OCC to adjust the maximum contingent Operational Loss Fee directly impacts Clearing Members, requiring them to potentially pay higher fees to maintain OCC's capital. This is vital for ensuring compliance with regulatory standards and maintaining financial stability.