Type:Notice
Citation:90 FR 11769
Reading Time:about 3 minutes
ICE Clear Credit LLC (ICC) filed a proposed rule change with the Securities and Exchange Commission (SEC) on February 25, 2025. This change involves revising the ICC Liquidity Risk Management Framework by removing an outdated cross-reference in Section 2.4. The proposed change is considered effective immediately under specific provisions of the Securities Exchange Act of 1934. The SEC published a notice to invite comments from the public, with submissions due by April 1, 2025.
Simple Explanation
ICE Clear Credit wants to change a part of their rules because they think it has something old that isn't needed anymore. The people in charge of rules, the SEC, are asking everyone if they think it's okay to change this by a certain date.