Search Results for citation:"89 FR 99949"

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Search Results: citation:"89 FR 99949"

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  • 2024-29037 — Self-Regulatory Organizations; ICE Clear Credit LLC; Order Granting Accelerated Approval of Proposed Rule Change Relating to the ICC Operational Risk Management Framework
    Type:Notice
    Citation:89 FR 99949
    Reading Time:about 26 minutes

    The Securities and Exchange Commission (SEC) approved a rule change proposed by ICE Clear Credit LLC (ICC) to revise its Operational Risk Management Framework (ORMF). This change enhances how ICC manages risks from partnerships with core service providers, including requiring evaluations of these relationships by senior management and ICC's Board. The updates align ICC with regulatory requirements, helping ensure clear responsibilities and improving the governance and risk management of operations associated with clearing securities transactions. The approval was granted on an accelerated basis to meet the compliance date of December 5, 2024.

    Simple Explanation

    The SEC said it's okay for a company called ICE Clear Credit to change how it keeps things safe and well-organized with their work partners. They want to make sure people in charge check on these relationships to keep everything fair and square.

  • 2024-29120 — Submission for OMB Review; Comment Request; Extension: Rule 15Ga-2 and Form ABS-15G
    Type:Notice
    Citation:89 FR 99949
    Reading Time:about 2 minutes

    The Securities and Exchange Commission (SEC) is requesting an extension of the paperwork required for Rule 15Ga-2 and Form ABS-15G. These forms are used to gather information about asset-backed securities, particularly about repurchase requests. Form ABS-15G is essential for implementing disclosure requirements mandated by the Dodd-Frank Act. Public comments on this request can be submitted from December 12, 2024, to January 13, 2025.

    Simple Explanation

    The SEC wants to keep using some forms and rules to check on certain types of investments called asset-backed securities. These papers help everyone know more about these investments, and people can share their thoughts about this plan for about a month from December 12, 2024.