📄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.
Learn More📊SEC Proposes Changes to ICC Default Management Procedures
The SEC is soliciting comments on ICE Clear Credit LLC's proposed revisions to its Default Management Procedures and Clearing Rules. The changes aim to enhance the efficiency, transparency, and accuracy of default management processes by automating key functions and removing outdated mechanisms, ultimately improving risk management capabilities.
Learn More📈ICC Approval of New Governance Playbook Enhances Risk Management
The SEC approved a proposed rule change by ICE Clear Credit LLC to revise its Governance Playbook. This includes establishing a Board Risk Committee responsible for overseeing risk management and implementing new fitness standards for board members, thus enhancing governance and compliance within the organization.
Learn More💰ICE Clear Credit LLC Treasury Policy Changes and Margin Calls
The Securities and Exchange Commission approved ICE Clear Credit LLC's proposed rule change regarding its Treasury Operations Policies and Procedures. The updates formalize the intraday margin call processes, improving risk management and supporting more effective operations in clearing credit default swap contracts. This development enhances transparency and operational capacity amid fluctuating market conditions.
Learn More📈Proposed Rule Changes to NSCC Capital Policy and Replenishment Plan
The National Securities Clearing Corporation (NSCC) has filed a notice for proposed amendments to its Capital Policy and Capital Replenishment Plan. These changes aim to simplify and clarify existing statements while documenting alternate authorizations for business continuity. The updates are designed to maintain compliance with regulatory standards and ensure effective management of general business risks.
Learn More📊Proposed Rule Change for Securities Clearing Agencies on Margin Requirements
The Securities Exchange Commission announces a proposed rule change from the National Securities Clearing Corporation to update its Securities Valuation Framework. This change incorporates new requirements related to substantive inputs for risk-based margin systems, enhancing compliance practices and risk management strategies across clearing agencies. The updates aim to improve the reliability of margin calculations and collateral valuation processes.
Learn More📈DTC Proposed Rule Change for Recovery and Wind-Down Plan
The SEC published a notice regarding the proposed amendments to The Depository Trust Company's Recovery and Wind-Down Plan, ensuring compliance with new regulatory requirements. The Plan covers strategies for recovery from financial losses and orderly wind-down procedures. This proposal is designed to maintain continuity of essential services amidst potential market stress.
Learn More💼LCH SA Proposes New Collateral Concentration Limits for Clearing Members
The Securities and Exchange Commission (SEC) has announced LCH SA's proposed rule change to amend collateral concentration limits for supranational and European agency securities. The revision aims to provide more flexibility for clearing members in meeting initial margin requirements, allowing for individual limits per issuer while maintaining risk management standards.
Learn More📈FICC Proposes Changes to Intraday Margin Collection Rules
The SEC is considering proposed rule changes by the FICC to enhance the collection of intraday margin for clearing agencies. These updates aim to comply with recently adopted standards, ensure effective monitoring of exposure, and clarify procedures for margin collection. The changes provide clearer guidelines for when and how intraday margin calls will be made, enhancing transparency and operational readiness for businesses involved in fixed income transactions.
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