📈Proposed Rule Change by Options Clearing Corporation (2025)
Self-Regulatory Organizations; The Options Clearing Corporation; Notice of Filing of Proposed Rule Change by The Options Clearing Corporation Concerning the Adoption of the Amended and Restated Participant Exchange Agreement (“New RPEA”) Between OCC and Each of the National Securities Exchanges That List Equity Options
Summary
The SEC announces a proposed rule change by the Options Clearing Corporation (OCC) regarding the adoption of the Amended and Restated Participant Exchange Agreement. The changes aim to update operational practices, eliminate outdated provisions, and align with current laws and regulations affecting the clearing and settlement of equity options. The proposed amendments will ensure that OCC’s relationships with national securities exchanges are clearly defined and effectively managed.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The content outlines a proposed rule change by the Options Clearing Corporation (OCC) that modernizes the Participant Exchange Agreement (RPEA), which has significant implications for compliance and regulatory requirements between OCC and the national securities exchanges. Updating outdated terms and practices will affect operational efficiencies and compliance obligations for business owners within the securities industry.