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NSCC Alert! Implementation Date of Increase In the National Securities Clearing Corporation's Minimum Required Fund Deposit

NSCC has proposed to increase the minimum Required Fund Deposit for each Member from the current $10,000 to $250,000. NSCC has received regulatory approval of the proposed rule change SRNSCC-2021-005 on August 11, 2021.

NSCC is providing this notice to its Members of the implementation and effective date September 3, 2021. On the morning of the effective date, Members with a fund deposit below $250,000 will incur a deficit, that will require funding by 10AM EST.

r/Superstonk - NSCC Alert! Implementation Date of Increase In the National Securities Clearing Corporation's Minimum Required Fund Deposit

https://www.dtcc.com/-/media/Files/pdf/2021/8/27/a9019.pdf

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