📈Updates to Options Clearing Corporation By-Laws and Regulatory Changes
Self-Regulatory Organizations; The Options Clearing Corporation; Notice of Filing and Immediate Effectiveness of Proposed Rule Change by The Options Clearing Corporation Concerning Changes To Codify in OCC's By-Laws That a Clearing Member May Submit Adjustments to Its Positions With OCC for Any Purpose Permissable Under Exchange Rules
Summary
The Securities and Exchange Commission publishes a notice regarding proposed rule changes by The Options Clearing Corporation to amend its By-Laws, allowing Clearing Members to submit adjustments to positions for any purpose permissible under Exchange rules. This change aims to harmonize OCC's regulations with Exchange standards and facilitate clearer operational processes for market participants.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change allows Clearing Members to submit adjustments to options positions for any purpose permitted under Exchange rules, enhancing operational flexibility and clarity in compliance with regulatory standards. This aligns OCC's By-Laws with Exchange rules, which could significantly impact businesses involved in options trading and the creation/redemption of ETFs.