📄Proposed Rule Change by Options Clearing Corporation
Self-Regulatory Organizations; The Options Clearing Corporation; Notice of Filing and Immediate Effectiveness of Proposed Rule Change by The Options Clearing Corporation Concerning the Execution of the Amended and Restated Participant Exchange Agreement
Summary
The Securities and Exchange Commission announces the immediate effectiveness of the proposed rule change by the Options Clearing Corporation affecting the Participant Exchange Agreement. The change aims to simplify execution procedures, correct typographical errors, and ensure all parties can sign the updated agreement, fostering cooperation between the OCC and national exchanges.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change by the Options Clearing Corporation involves revisions to the Participant Exchange Agreement which could impact compliance requirements for relevant businesses engaged in securities transactions. This change is designed to enhance cooperation with exchanges and streamline operations, thereby influencing business operations in the options clearing sector.