📊Proposed Rule Change for Securities Clearing Agencies on Margin Requirements
The Securities Exchange Commission announces a proposed rule change from the National Securities Clearing Corporation to update its Securities Valuation Framework. This change incorporates new requirements related to substantive inputs for risk-based margin systems, enhancing compliance practices and risk management strategies across clearing agencies. The updates aim to improve the reliability of margin calculations and collateral valuation processes.
Learn More📈Proposed Rule Changes to Clearing Agency Securities Valuation Framework
The Securities and Exchange Commission has issued a notice regarding proposed rule changes to the Clearing Agency Securities Valuation Framework by the Fixed Income Clearing Corporation. The changes aim to incorporate substantive inputs into risk-based margin systems, enhance compliance with new regulations, and improve the management of securities' pricing risks.
Learn More📈SEC Proposes Rule Change for Clearing Agency Securities Valuation
The Securities and Exchange Commission has published a notice regarding a proposed rule change by The Depository Trust Company, aimed at updating the Clearing Agency Securities Valuation Framework. The changes will enhance the standards for risk-based margin systems and ensure the use of reliable and timely data inputs in financial transactions, focused on maintaining robust risk management and compliance mechanisms.
Learn More📈SEC Approves FICC's Proposed Volatility Event Charge for Risk Management
The Securities and Exchange Commission has approved the Fixed Income Clearing Corporation's proposal to implement a Volatility Event Charge. This new charge aims to enhance margin methodologies, managing credit risk more effectively by assessing additional fees during periods of heightened market volatility linked to scheduled economic events. The charge is expected to improve financial resilience for member firms amidst significant market fluctuations.
Learn More📈Proposed Rule Change on Options Trading by Investors Exchange
The Securities and Exchange Commission has instituted proceedings to evaluate a proposed rule change from Investors Exchange LLC regarding the trading of options. This includes rules for a new trading facility called IEX Options, with innovative features designed to enhance market maker protection and promote efficient trading practices. The proposal encourages public comment for thorough analysis and review.
Learn More📦Revisions to the Unverified List for Export Administration Regulations
The Bureau of Industry and Security (BIS) is amending the Export Administration Regulations (EAR) by adding 18 persons to the Unverified List (UVL). Of the 18 persons being added: five are under the destination of China, People's Republic of (China); six are under the destination of Finland; three are under the destination of T[uuml]rkiye; two are under the destination of Kazakhstan; one is under the destination of Italy; and one is under the destination of the United Kingdom. BIS is also amending the EAR by removing five persons from the UVL. Of the five persons being removed, three are under the destination of China and two are under the destination of the United Arab Emirates.
Learn More💰SEC Evaluates CME Securities Clearing Agency Registration Application
The SEC is assessing CME Securities Clearing, Inc.'s application for registration as a clearing agency under the Securities Exchange Act. The review encompasses stakeholder feedback on risk management and regulatory capital considerations, aiming to ensure compliance and operational efficacy for market participants in handling U.S. Treasury securities transactions.
Learn More🥛Reauthorization of Dairy Forward Pricing Program Overview
This final rule reauthorizes the Dairy Forward Pricing Program (DFPP) in accordance with the American Relief Act, 2025 (Relief Act). Establishing new contracts under the DFPP was prohibited between the expiration of the program on September 30, 2024, and publication of this final rule. The Relief Act reauthorizes the DFPP program to allow handlers to enter into new contracts until September 30, 2025. Any forward contract entered prior to the September 30, 2025, deadline is subject to a September 30, 2028, expiration date.
Learn More📊ICC's Governance Playbook Revision to Enhance Risk Management
ICE Clear Credit has filed a proposed rule change revising its Governance Playbook to establish a new Board Risk Committee. This initiative is intended to improve oversight of risk management within ICC, ensuring better compliance and operational efficiency in the clearing of securities transactions and derivatives. The changes will enhance transparency and governance in risk oversight.
Learn More🌊Proposed Flood Hazard Determinations
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).
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