Search Results for keywords:"Rule 17Ad-22"

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Search Results: keywords:"Rule 17Ad-22"

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  • 2020-29023 — Self-Regulatory Organizations; ICE Clear Europe Limited; Notice of Filing of Proposed Rule Change Relating to Amendments to the ICE Clear Europe CDS Procedures and CDS Default Management Policy
    Type:Notice
    Citation:86 FR 169
    Reading Time:about 18 minutes

    The Securities and Exchange Commission published a notice regarding proposed amendments by ICE Clear Europe Limited to its CDS Procedures and CDS Default Management Policy. These changes aim to clarify the requirements for a Clearing Member to be eligible for the CDS Default Committee and to update procedures for managing defaults. The amendments include enhancing participant eligibility, confidentiality obligations, and default management testing procedures. ICE Clear Europe believes these updates will improve default management capabilities and enhance market stability without imposing unnecessary burdens on competition.

    Simple Explanation

    ICE Clear Europe wants to make some changes to the rules for handling problems with certain financial agreements to make sure they are fair and clear, and to help everything run smoothly if things go wrong. They also want to ensure that the right people are in charge of fixing things when there are problems, without making it hard for new people to join in.

  • 2021-00096 — Self-Regulatory Organizations; ICE Clear Credit LLC; Notice of Filing of Proposed Rule Change Relating to the ICC Clearing Participant Default Management Procedures
    Type:Notice
    Citation:86 FR 1555
    Reading Time:about 12 minutes

    ICE Clear Credit LLC (ICC) has proposed a rule change related to its Default Management Procedures, specifically aiming to formalize the process of convening its CDS Default Committee through teleconferences when in-person meetings are not possible. The proposal includes updates on notification procedures to ensure timely and accurate alerts during the default management process. These changes are designed to enhance ICC's ability to manage defaults effectively, in compliance with regulatory standards, and to ensure continued service delivery while safeguarding securities and investor interests. The Securities and Exchange Commission invites public comments on the proposed changes.

    Simple Explanation

    ICE Clear Credit is making a new plan so that when someone can't pay what they owe, they can quickly meet over the phone instead of in person to fix things. This helps them keep everything safe and running smoothly.