🌊Proposed Flood Hazard Determinations and Business Implications
Comments are requested on proposed flood hazard determinations, which may include additions or modifications of any Base Flood Elevation (BFE), base flood depth, Special Flood Hazard Area (SFHA) boundary or zone designation, or regulatory floodway on the Flood Insurance Rate Maps (FIRMs), and where applicable, in the supporting Flood Insurance Study (FIS) reports for the communities listed in the table below. The purpose of this notice is to seek general information and comment regarding the preliminary FIRM, and where applicable, the FIS report that the Federal Emergency Management Agency (FEMA) has provided to the affected communities. The FIRM and FIS report are the basis of the floodplain management measures that the community is required either to adopt or to show evidence of having in effect in order to qualify or remain qualified for participation in the National Flood Insurance Program (NFIP).
Learn More📉Proposed Rule Change on Intraday Margin Collection by NSCC
The Securities and Exchange Commission has approved amendments to regulations concerning the collection of intraday margin by the National Securities Clearing Corporation. These changes are designed to enhance compliance with updated margin requirements, ensuring sufficient coverage for credit exposures while clarifying the processes for determining and collecting margin.
Learn More🌊Key Flood Hazard Changes Affecting Business Compliance and Insurance
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.
Learn More📈ICC Approval of New Governance Playbook Enhances Risk Management
The SEC approved a proposed rule change by ICE Clear Credit LLC to revise its Governance Playbook. This includes establishing a Board Risk Committee responsible for overseeing risk management and implementing new fitness standards for board members, thus enhancing governance and compliance within the organization.
Learn More📈ICE Clear Credit
The SEC has published a notice regarding proposed rule changes for the ICE Clear Credit Recovery and Wind-Down Plans. These changes aim to enhance the organization's governance structure, ensure regulatory compliance, and clarify the management of risks associated with clearing services and relationships with external service providers.
Learn More💰ICE Clear Credit LLC Treasury Policy Changes and Margin Calls
The Securities and Exchange Commission approved ICE Clear Credit LLC's proposed rule change regarding its Treasury Operations Policies and Procedures. The updates formalize the intraday margin call processes, improving risk management and supporting more effective operations in clearing credit default swap contracts. This development enhances transparency and operational capacity amid fluctuating market conditions.
Learn More📈Changes to Margin Call Process for Clearing Members Impacting Business Risk
The SEC has published a notice regarding a proposed rule change by the Options Clearing Corporation (OCC) to update its intraday margin call process. The new approach will incorporate real-time position evaluations, aiming to enhance risk management and reduce financial exposure for clearing members. These changes are designed to improve OCC's oversight of intraday trading risks.
Learn More💱Nasdaq Bitcoin Index Options Trading Proposal and Implications
The Securities and Exchange Commission is considering Nasdaq PHLX LLC's proposal to list and trade cash-settled options on the Nasdaq Bitcoin Index. This proposal aims to provide investors and corporations with risk management tools and the ability to hedge exposure to bitcoin while awaiting public comments on its compliance with securities regulations.
Learn More📈Proposed Rule Change for Cross-Margining Agreement Between FICC and CME
The Securities and Exchange Commission announces the proposed Second Amended and Restated Cross-Margining Agreement between the Fixed Income Clearing Corporation and the Chicago Mercantile Exchange. This agreement aims to improve margin efficiency and risk management for eligible affiliates while ensuring compliance with regulatory standards. The changes also extend the termination notification period and clarify participant responsibilities in the cross-margining arrangement.
Learn More🌊New Flood Hazard Determinations and Their Impact on Businesses
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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