Notice 8 May 2025 nscc, membership requirements, sec, regulatory compliance, legal entity identifier, financial services

📊NSCC to Mandate Legal Entity Identifier for Membership Applications

The National Securities Clearing Corporation (NSCC) is proposing a rule change requiring all applicants and current members to obtain and maintain a Legal Entity Identifier (LEI). The objective is to enhance data quality and streamline operational processes, thereby improving risk management and compliance across its participant base.

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