NSCC/FICC/DTC Alert! Order Granting Proposed Rule Changes to Amend Liquidity Risk Management Framework to Include a New Section Describing the Process by Which FICC Would Designate Uncommitted Resources as Qualifying Liquid Resources & Make Other Changes
Source: https://www.sec.gov/rules/sro/dtc/2022/34-96555.pdf
On October 20, 2022, The Depository Trust Company (“DTC”), Fixed Income Clearing Corporation (“FICC”), and National Securities Clearing Corporation (“NSCC”) (each a “Clearing Agency,” and collectively, the “Clearing Agencies”), filed with the Securities and Exchange Commission (“Commission”) proposed rule changes SR-DTC2022-011, SR-FICC-2022-008, and SR-NSCC-2022-013 (the “Proposed Rule Changes”) pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (“Act”)1 and Rule 19b-4 thereunder2 to Amend the Clearing Agencies Liquidity Risk Management Framework adopted by the Clearing Agencies. The Proposed Rule Changes were published for comment in the Federal Register, 3 and the Commission has received no comments on the changes proposed therein. This order approves the Proposed Rule Changes.
