4 Aug 2025
📊OCC's Proposed Changes to Recovery and Wind-Down Plan
Self-Regulatory Organizations; The Options Clearing Corporation; Order Approving Proposed Rule Change, as Modified by Partial Amendment No. 1, by the Options Clearing Corporation Concerning Modifications to OCC's Recovery and Orderly Wind-Down (“RWD Plan”)
Summary
The SEC approved the Options Clearing Corporation's proposed modifications to its Recovery and Wind-Down Plan, incorporating new regulatory compliance measures. These changes ensure clarity in core service continuity and outline staffing roles and interconnections essential for effective operational resilience during recovery or wind-down scenarios.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The content discusses proposed changes to the Options Clearing Corporation's Recovery and Wind-Down (RWD) Plan to comply with new regulatory requirements, affecting operational procedures and risk management. This impacts businesses relying on OCC for clearing and settlement of securities, necessitating compliance with updated policies.