💵ICC Application for Clearing Agency Registration Under SEC
The Securities and Exchange Commission is reviewing an application from ICE Clear Credit LLC to register as a clearing agency for U.S. Treasury securities. This application outlines ICC’s proposed operational structure, risk management strategies, and the establishment of a Treasury Guaranty Fund, inviting public comment on the regulatory implications for market participants.
Learn More💰NSCC Proposes to Remove Other Transactions Charge - Business Impact
The Securities and Exchange Commission (SEC) has received a proposal from the National Securities Clearing Corporation (NSCC) to eliminate the Other Transactions Charge in its rules. This move aims to align fees with actual market risks and enhance the efficiency of securities transactions conducted by NSCC Members, benefiting overall market participation.
Learn More📈ICC Proposes Rule Change for CDS Instrument On-Boarding Policies
The SEC has published a notice on the ICC's proposed rule change to amend its CDS Instrument On-boarding Policies and Procedures. The amendments aim to enhance the guiding principles for instrument selection, reflect current practices, and address clarifying non-substantive changes, ensuring improved operational readiness for clearing new instruments.
Learn More📊SEC Notice on Paxos Clearing Agency Application Impacts
Paxos Securities Settlement Company, LLC has filed an application with the SEC for registration as a clearing agency. The application details its intended services, including clearance and settlement through a private, permissioned settlement service using distributed ledger technology. The SEC is soliciting comments on this application as part of its review process.
Learn More⚖️ICC Finalizes Changes to Clearing Procedures for Default Management
The SEC approves ICE Clear Credit LLC's proposed rule changes regarding its Clearing Participant Default Management Procedures and ICC Clearing Rules. The updates aim to enhance efficiency by eliminating Direct Liquidation mechanisms and implementing an automated Default Management System for improved default management and position porting processes.
Learn More📊Proposed Amendments to MBSD Rule 33 by FICC Enhancing Flexibility
The proposed rule change aims to amend MBSD Rule 33 to allow the Fixed Income Clearing Corporation to waive, suspend, or extend rules beyond emergency circumstances. The amendments intend to streamline operations while ensuring compliance and maintaining investor protections, enabling quicker responses to various market situations and promoting efficiency in securities transactions.
Learn More⚖️Proposed Rule Change for LCH SA's Risk Governance Framework
LCH SA has filed proposed rule changes regarding its risk governance framework, covering collateral, financial resources, and various risk policies to enhance transparency and compliance. The changes aim to align risk management practices with regulatory requirements and improve operational resilience within the clearing agency's operations.
Learn More⚖️CME Securities Clearing Agency Registration Regulatory Notice
The Securities and Exchange Commission has issued a notice regarding the CME Securities Clearing, Inc.'s application for registration as a clearing agency under the Securities Exchange Act. The notice details the extension of the review period aimed at assessing the application’s compliance with regulatory requirements due to its novel operational structure involving different types of participants.
Learn More📄SEC Notice on DTC Settlement Service Guide Amendments
The SEC published a notice regarding the proposed rule change by The Depository Trust Company (DTC), which aims to amend its Settlement Service Guide. The changes involve technical adjustments to the Memo Segregation function and updates to DTC's mailing address, promoting accurate information and compliance for participants engaged in securities transactions.
Learn More🔄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.
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