🔄LCH SA Regulatory Changes for Clearing Members Approved
The Securities and Exchange Commission has approved a proposed rule change by LCH SA concerning revisions to its Rule Book and regulations. Notably, Clearing Members are mandated to participate in regular testing of business continuity and disaster recovery plans, enhancing operational resilience and compliance standards within the clearing agency framework.
Learn More🌪️National Hurricane Preparedness Week and Its Business Implications
The proclamation highlights National Hurricane Preparedness Week, urging citizens in at-risk areas to develop emergency plans and be aware of hurricane dangers. It underscores the importance of local leadership in disaster response, advocating for community resilience and preparedness amid increasing hurricane threats, drawing attention to past disasters like Hurricane Katrina.
Learn More📊LCH SA's Proposed Rule Change on Clearing Member Testing Requirements
LCH SA is proposing amendments to its rulebook to require Clearing Members to participate in testing of business continuity and disaster recovery plans, as well as comply with new margin adequacy regulations. These changes aim to enhance operational resilience and compliance under the Securities Exchange Act. The proposal seeks comment from stakeholders and emphasizes the importance of thorough testing to maintain orderly market functions.
Learn More🚨FEMA Proposes Information Collection for Business Emergency Operations
The Federal Emergency Management Agency (FEMA), as part of its continuing effort to reduce paperwork and respondent burden, invites the general public to take this opportunity to comment on an extension of a currently approved information collection. In accordance with the Paperwork Reduction Act of 1995, this notice seeks comments concerning FEMA's compilation and information sharing leveraging the National Business Emergency Operation Center (NBEOC) stakeholder listing. FEMA seeks to voluntarily continue the standing practice of collecting entity specific information during an event to assist in response/ recovery operations.
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