Search Results for keywords:"notification procedures"

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Search Results: keywords:"notification procedures"

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  • 2025-05207 — Self-Regulatory Organizations; The Depository Trust Company; Notice of Filing of Proposed Rule Change Relating to a Participant System Disruption
    Type:Notice
    Citation:90 FR 13919
    Reading Time:about 46 minutes

    The Securities and Exchange Commission is reviewing a proposal from The Depository Trust Company (DTC) to amend its rules regarding disruptions to participant systems. These changes aim to clarify definitions, improve notification procedures, and update governance for handling major disruptions. The proposed adjustments also include new requirements for reporting and system "reconnection" after a disruption. The DTC hopes these updates will enhance the ability to manage risks and ensure smoother operation during system interruptions.

    Simple Explanation

    The SEC is checking out a new plan from a company that keeps track of who owns stocks to make sure they handle problems better when their computers break. The rules will help them tell people faster about problems and fix things so everything runs smoothly again.

  • 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.