⚖️OCC Introduces Intraday Risk Charge for Margin Requirements
The SEC has approved the OCC's proposed rule change to implement an Intraday Risk Charge, aimed at addressing the risks from intraday and overnight trading activities. The new margin add-on charge will apply to all Clearing Member accounts, reflecting increased exposure from short-dated options trading and ensuring adequate collateral management for potential defaults.
Learn More📈FICC Proposes Changes to Recovery and Wind-Down Plans
The SEC has published a notice for the proposed amendments to the Recovery and Wind-Down Plan by the Fixed Income Clearing Corporation (FICC). These amendments reflect recent business developments, improve clarity, and ensure compliance with regulatory requirements essential for maintaining operations and services during potential recovery scenarios.
Learn More⚖️NYSE Proposes Rule Change for Pre-Trade Risk Controls on Trading
The Securities and Exchange Commission has announced a proposed amendment by the New York Stock Exchange to modify the pre-trade risk controls accessible to Floor brokers. The adjustment aims to streamline the process, allowing only member organizations to set specific controls, reinforcing their compliance and risk management responsibilities.
Learn More📈DTC Proposed Rule Change for Recovery and Wind-Down Plan
The SEC published a notice regarding a proposed rule change by the Depository Trust Company (DTC) to amend its Recovery and Wind-Down Plan. The changes reflect recent business developments and aim to enhance clarity and efficiency in risk management protocols, thereby ensuring continued access to critical services in liquidity or credit crises.
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.
Learn More🌊Final Flood Hazard Determinations and Their Impacts on Businesses
Flood hazard determinations, which may include additions or modifications of Base Flood Elevations (BFEs), base flood depths, Special Flood Hazard Area (SFHA) boundaries or zone designations, or regulatory floodways on the Flood Insurance Rate Maps (FIRMs) and where applicable, in the supporting Flood Insurance Study (FIS) reports have been made final for the communities listed in the table below. The FIRM and FIS report are the basis of the floodplain management measures that a community is required either to adopt or to show evidence of having an effect in order to qualify or remain qualified for participation in the Federal Emergency Management Agency's (FEMA's) National Flood Insurance Program (NFIP).
Learn More🌊Final Flood Hazard Determinations
Flood hazard determinations, which may include additions or modifications of Base Flood Elevations (BFEs), base flood depths, Special Flood Hazard Area (SFHA) boundaries or zone designations, or regulatory floodways on the Flood Insurance Rate Maps (FIRMs) and where applicable, in the supporting Flood Insurance Study (FIS) reports have been made final for the communities listed in the table below. The FIRM and FIS report are the basis of the floodplain management measures that a community is required either to adopt or to show evidence of having an effect in order to qualify or remain qualified for participation in the Federal Emergency Management Agency's (FEMA's) National Flood Insurance Program (NFIP).
Learn More🚀NASA Aerospace Safety Panel Meeting Announcement
In accordance with the Federal Advisory Committee Act, as amended, the National Aeronautics and Space Administration announces a forthcoming meeting of the Aerospace Safety Advisory Panel (ASAP). The ASAP will hold its Second Quarterly Meeting for 2025. This discussion is pursuant to carrying out its statutory duties for which the Panel reviews, identifies, evaluates, and advises on those program activities, systems, procedures, and management activities that can contribute to program risk. Priority is given to those programs that involve the safety of human flight.
Learn More📋Department of Commerce Notice on Information Collection Activities
The Department of Commerce, in accordance with the Paperwork Reduction Act of 1995 (PRA), invites the general public and other federal agencies to comment on proposed and continuing information collections, which helps us assess the impact of our information collection requirements and minimize the public's reporting burden. The purpose of this notice is to allow for 60 days of public comment preceding submission of the collection to OMB.
Learn More🌊Flood Hazard Changes by FEMA
This notice lists communities where the addition or modification of Base Flood Elevations (BFEs), base flood depths, Special Flood Hazard Area (SFHA) boundaries or zone designations, or the regulatory floodway (hereinafter referred to as flood hazard determinations), as shown on the Flood Insurance Rate Maps (FIRMs), and where applicable, in the supporting Flood Insurance Study (FIS) reports, prepared by the Federal Emergency Management Agency (FEMA) for each community, is appropriate because of new scientific or technical data. The FIRM, and where applicable, portions of the FIS report, have been revised to reflect these flood hazard determinations through issuance of a Letter of Map Revision (LOMR), in accordance with Federal Regulations. The current effective community number is shown in the table below and must be used for all new policies and renewals.
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