Search Results for keywords:"Rule 17ad-26"

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Search Results: keywords:"Rule 17ad-26"

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  • 2025-07221 — Self-Regulatory Organizations; Fixed Income Clearing Corporation; Notice of Filing of Proposed Rule Change To Amend the Recovery and Wind-Down Plan To Satisfy the Requirements of Exchange Act Rule 17ad-26
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    Type:Notice
    Citation:90 FR 17644
    Reading Time:about 37 minutes

    The Fixed Income Clearing Corporation (FICC) submitted a proposed rule change to the Securities and Exchange Commission (SEC) on April 16, 2025. The proposal aims to update FICC's Recovery and Wind-Down Plan to meet new SEC requirements under Rule 17ad-26, ensuring FICC can maintain its essential services during times of financial stress or potential failure. This plan involves detailed strategies for recovering from financial losses and procedures for potentially winding down operations in an orderly manner to minimize market disruption. FICC invites public comments on these proposed changes to improve clarity and effectiveness.

    Simple Explanation

    The FICC is making sure it can keep working during tough times by updating its safety plan to follow new rules. They are asking everyone what they think about these changes to make sure they're easy to understand and work well.

  • 2025-07220 — Self-Regulatory Organizations; The Depository Trust Company; Notice of Filing of Proposed Rule Change To Amend the Recovery and Wind-Down Plan To Satisfy the Requirements of Exchange Act Rule 17ad-26
    Type:Notice
    Citation:90 FR 17669
    Reading Time:about 37 minutes

    The Securities and Exchange Commission (SEC) has announced a proposed rule change filed by The Depository Trust Company (DTC). This change aims to amend DTC's Recovery and Wind-Down Plan to align with new regulatory requirements under Exchange Act Rule 17ad-26. The updates include detailed procedures for handling potential financial distress, such as staffing plans, service provider roles, and strategies for maintaining critical services in severe market conditions. The goal is to ensure continuous operation of DTC's core services and meet federal regulations while not impacting daily operations or competition.

    Simple Explanation

    The SEC wants to update some rules for a big company called DTC to make sure it can keep working even if it faces money problems. They want to do this without causing trouble for the company’s everyday work or others who do the same kind of job.