📊Proposed Rule Change for NSCC's Recovery and Wind-Down Plan
The Securities and Exchange Commission has published a notice regarding the National Securities Clearing Corporation's proposed amendments to its Recovery and Wind-Down Plan. This update aims to meet new regulatory requirements outlined in Exchange Act Rule 17ad-26, ensuring the continuity and effectiveness of its financial services during recovery scenarios. The proposed changes enhance clarity and compliance standards for the clearing agency's operations.
Learn More📈Proposed Amendments to NSCC Recovery and Wind-Down Plan
The Securities and Exchange Commission has published notice of the National Securities Clearing Corporation's proposed amendments to its Recovery and Wind-Down Plan. These amendments are aimed at reflecting recent business developments, enhancing clarity, and ensuring effective risk management practices in maintaining continuous critical services essential for market stability. The plan outlines strategies for recovery and orderly wind-down of operations under stress scenarios.
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