⚖️Proposed Regulatory Changes for DTC Participant System Disruptions
The document posted by the SEC details proposed amendments to the Disruption Rules of the Depository Trust Company, focusing on enhancing protocols for managing system disruptions. Key changes include updated definitions, notification requirements, and governance structures for addressing Major System Events, aimed at improving operational resilience and compliance among market participants.
Learn More💰FICC Proposes Rule Change on Funds-Only Settlement Amount Payments
The Securities and Exchange Commission publishes a notice regarding the Fixed Income Clearing Corporation's proposed rule change to modify Funds-Only Settlement Amount payment provisions within its Government Securities Division Rulebook. The changes aim to clarify settlement designations and discharge obligations upon payment, enhancing compliance for participants in the securities market. Comments are invited from interested parties.
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