📈Proposed Rule Changes for Recovery and Wind-Down Plans Approved
The SEC approved proposed rule changes from the Depository Trust Company, Fixed Income Clearing Corporation, and National Securities Corporation to amend their recovery and wind-down plans. These modifications aim to enhance compliance with new regulatory requirements, ensuring better risk management and operational readiness during market stress, thereby supporting the continuity of critical financial services.
Learn More📈FICC's Proposed Rule Change on Recovery and Wind-Down Plans
The Securities and Exchange Commission has published a notice regarding FICC's proposed rule change aimed at amending its Recovery and Wind-Down Plan. This proposal is intended to meet compliance with new regulatory requirements, enhancing the clarity and effectiveness of the plan designed to maintain critical financial services during market stress scenarios.
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