⚖️Proposed Rule Change to Disruption Rules by NSCC
The Securities and Exchange Commission has published a notice concerning the proposed amendment to the Disruption Rules of the National Securities Clearing Corporation. This amendment aims to update critical definitions and streamline operational procedures affecting security transactions, with the goal of enhancing compliance and risk management practices within financial markets.
Learn More📊Proposed Amendment to DTC Disruption Rules
The Securities and Exchange Commission has received a filing from The Depository Trust Company proposing amendments to its Disruption Rules. These modifications aim to clarify definitions, simplify reporting requirements, and address third-party cybersecurity concerns, enhancing operational resilience for entities connected to DTC Systems. The changes are expected to improve response actions for operational disruptions and safeguard securities transactions.
Learn More☁️SEC Approves Clearing Agencies' Cloud Infrastructure Transition
The SEC has issued a notice of no objection for the Depository Trust Company, Fixed Income Clearing Corporation, and National Securities Clearing Corporation to host core clearance and settlement systems on a public cloud. This transition aims to enhance operational resilience and modernize technology, aligning with risk management principles while ensuring compliance with regulatory standards.
Learn More⚖️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.
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