16 Jul 2025
📈OCC Rule Change Proposal for Options Clearing Agreement Approved
Self-Regulatory Organizations; The Options Clearing Corporation; Order Granting Approval of Proposed Rule Change by The Options Clearing Corporation Concerning the Adoption of the Amended and Restated Participant Exchange Agreement Between OCC and Each of the National Securities Exchanges That List Equity Options
Summary
The proposed rule change involves the adoption of a new Participant Exchange Agreement by the Options Clearing Corporation (OCC), replacing the outdated version. This update aims to align the terms with current regulations and practices while addressing financial risks and enhancing operational efficiency between the OCC and national securities exchanges.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The text discusses a proposed rule change by the OCC to enhance its agreement with national securities exchanges regarding options clearing. This introduces new compliance requirements for exchanges and affects financial risk management, which are significant for business executives involved in options trading.