💰OCC Proposed Rule Changes for Liquidation Risk Management and GSP
The OCC has proposed revisions to its liquidity risk management framework, specifically regarding the accounting processes for Guaranty Substitution Payments (GSP). These changes aim to improve accuracy in financial assessments related to defaulting Clearing Members, ensuring that the OCC better manages its liquidity demands and reduces unnecessary resource collection from its members.
Learn More⚖️Nasdaq Proposes Rule Change on Participant Risk Settings
The Securities and Exchange Commission published a notice regarding Nasdaq's proposed amendment to allow participants to allocate responsibility for risk settings to their clearing members. This change aims to enhance risk management, promote equitable trade practices, and bolster compliance with applicable regulations. Interested parties are invited to comment on the proposal.
Learn More📈OCC Proposes Change to Operational Loss Fee Schedule
The SEC published notice about OCC's proposed rule change to modify the maximum aggregate Operational Loss Fee in its fee schedule. This adjustment aligns with OCC's Capital Management Policy to maintain liquidity and solvency thresholds, reflecting updated operating expenses based on the 2025 budget, ensuring financial integrity for Clearing Members.
Learn More📜Proposed Rule Changes by Options Clearing Corporation Effectiveness Notice
The SEC announces the immediate effectiveness of proposed rule changes by the Options Clearing Corporation regarding updates to contracts and forms governing relationships with Clearing Members. These changes reflect recent OCC approvals and aim to align with current business processes while ensuring compliance with existing rules. Public comments are invited on the proposed changes.
Learn More📊CFTC Notice on Clearing Member Risk Management Compliance
The Commodity Futures Trading Commission ("Commission" or "CFTC") is announcing an opportunity for public comment on the proposed renewal of a collection of certain information by the agency. Under the Paperwork Reduction Act ("PRA"), Federal agencies are required to publish notice in the Federal Register concerning each proposed collection of information, including each proposed extension of an existing collection of information, and to allow 60 days for public comment. This notice solicits comments on the obligation to maintain records related to clearing documentation between a customer and the customer's clearing member, as required under Commission regulations.
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