⚖️FDIC Guidance on Criminal Enforcement
This document describes the Federal Deposit Insurance Corporation's (FDIC) plans to address criminally liable regulatory offenses under the recent executive order on fighting overcriminalization in Federal regulations.
Learn More📈Proposed FICC Rule Change Enhances Default Management Procedures
The Securities and Exchange Commission has published a proposal from the Fixed Income Clearing Corporation to modify its Government Securities Division Rulebook. The changes aim to enhance understanding of default management procedures and facilitate transfers of indirect participant activity, ultimately promoting greater financial stability and clarity within the securities market.
Learn More📈ICE Clear Credit Proposes Rule Change on Monitoring Procedures
ICE Clear Credit LLC has filed a proposed rule change to update its Counterparty Monitoring Procedures, focusing on clarifications to ensure consistency with current practices without altering the ICC Clearing Rules. The changes aim to enhance the effectiveness and clarity of oversight over counterparties, reinforcing the stability and integrity of clearance and settlement processes.
Learn More📈MIAX Pearl Proposes Amendments to Trading Rules for Compliance
The Securities and Exchange Commission published a notice regarding MIAX Pearl's proposed rule changes to amend trading rules, including risk settings and erroneous executions. The changes aim to enhance clarity and consistency within the Exchange's rule framework, facilitating better compliance for equity members and ensuring a more orderly trading environment.
Learn More💰LCH SA's Revised Collateral Concentration Limits Approved
The Securities and Exchange Commission has approved LCH SA's proposed rule change regarding collateral concentration limits for supranational and European agency securities. The change allows for individual limits per issuer, enhancing flexibility for clearing members while simultaneously implementing more conservative concentration guidelines per security type to mitigate risk exposure.
Learn More📈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📊New SEC Regulations for Clearing Agencies on Securities Valuation
The SEC has approved partial amendments to rule changes concerning the Clearing Agency Securities Valuation Framework. This update mandates the use of substantive inputs alongside timely price data for risk management and margin calculations, enhancing operational stability and regulatory compliance in the clearing process.
Learn More📈NYSE Arca Proposes New Gross Risk Credit Limits for Firms
The NYSE Arca has filed a notice regarding proposed amendments to Rule 6.40P-O, introducing optional "Gross Risk Credit Limits" as pre-trade risk controls for Entering Firms. This change aims to enhance risk management and compliance measures, catering to market participants’ requests and aligning with existing risk frameworks at other exchanges.
Learn More⚖️Nasdaq Proposes Rule Change on Participant Risk Settings
The Securities and Exchange Commission published a notice regarding Nasdaq's proposed amendment to allow participants to allocate responsibility for risk settings to their clearing members. This change aims to enhance risk management, promote equitable trade practices, and bolster compliance with applicable regulations. Interested parties are invited to comment on the proposal.
Learn More🚂Regulatory Notice on Railroad Retirement Board Information Collections
The Railroad Retirement Board is seeking comments on information collection requests related to benefits for deceased employees. This includes the Application for Benefits Due But Unpaid at Death and procedures for notifying employers about claims. The RRB aims to enhance the collection processes while considering the burden on stakeholders involved.
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