Search Results for keywords:"securities transactions"

Found 4 results

Search Results: keywords:"securities transactions"

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  • 2025-05206 — Self-Regulatory Organizations; National Securities Clearing Corporation; Notice of Filing of Proposed Rule Change Relating to a Participant System Disruption
    Type:Notice
    Citation:90 FR 13926
    Reading Time:about 46 minutes

    The National Securities Clearing Corporation (NSCC) has proposed a rule change related to how it handles disruptions in participant systems to ensure the safety and continuity of its operations. This change would update definitions and procedures within its rules to better manage events that could impact its systems, improve notification and reporting requirements when disruptions occur, and set new standards for how an affected participant could be reconnected. These measures aim to enhance the NSCC's ability to maintain efficient and secure securities transactions and protect the broader financial market from the effects of such disruptions. The Securities and Exchange Commission is inviting public comments on this proposal.

    Simple Explanation

    When something goes wrong with the computers that help manage buying and selling stocks, the NSCC wants to change how it handles these issues to keep things running smoothly, like making sure important people are told right away and making it easier to fix these problems quickly. They want everyone to stay safe and make sure everyone can keep trading without trouble.

  • 2025-03649 — Proposed Collection; Comment Request; Extension: Rule 17j-1
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    Type:Notice
    Citation:90 FR 11560
    Reading Time:about 9 minutes

    The Securities and Exchange Commission (SEC) is seeking public feedback on extending a rule that helps prevent conflicts of interest for people working with investment companies. Rule 17j-1 requires those affiliated with investment companies to follow a code of ethics that ensures their personal investments do not conflict with the company's activities. This rule mandates reports on personal securities transactions and record-keeping to detect any potential violations. The SEC estimates around 84,567 people are affected by this rule, leading to annual costs of approximately $4.68 million for compliance. Comments are invited on the necessity and impact of these reporting requirements.

    Simple Explanation

    The SEC wants to make sure that people who help manage money for others are honest and don't cheat by secretly doing things that aren't in their clients' best interests. To do this, they have rules they need to follow, like telling about their own investments and keeping records, which costs quite a bit of money each year. They are asking for ideas on whether these rules are helpful and if there's a better way to check that everyone is playing fair.

  • 2021-02994 — Self-Regulatory Organizations; ICE Clear Credit LLC; Notice of Filing of Proposed Rule Change Relating to the ICC Governance Playbook
    Type:Notice
    Citation:86 FR 9557
    Reading Time:about 13 minutes

    ICE Clear Credit LLC (ICC) has filed a proposed rule change to update and formalize its Governance Playbook, which outlines the governance structure and procedures at ICC. The Playbook consolidates information regarding the board of managers, various committees, and key management roles, emphasizing the importance of transparency, safety, and efficiency. These updates aim to ensure that ICC's governance arrangements are clear and effective, promoting the secure and accurate handling of securities transactions and derivatives. The Securities and Exchange Commission seeks comments from the public on this proposed rule change to gauge its impact and compliance with relevant regulations.

    Simple Explanation

    ICE Clear Credit wants to change how they organize and decide things to make sure everything is safe and fair when handling money deals. They are asking people if they think these changes are good.

  • 2021-01587 — Self-Regulatory Organizations; Fixed Income Clearing Corporation; Order Approving Proposed Rule Change To Include Same-Day Settling Trades in the Risk Management, Novation, Guarantee, and Settlement Services of the Government Securities Division's Delivery-Versus-Payment Service, and Make Other Changes
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    Type:Notice
    Citation:86 FR 7159
    Reading Time:about 28 minutes

    In a recent decision, the Securities and Exchange Commission (SEC) approved a rule change for the Fixed Income Clearing Corporation (FICC). This amendment allows FICC to manage same-day settling repurchase agreements (repos), improving the efficiency of securities transactions by centralizing settlement processes. The change includes two new services: the Same-Day Settling Service, which allows for both legs of repos to settle under FICC's watch, reducing the risk of settlement failures, and the Pair-Off Service, which helps settle failed trades on the same day they occur, decreasing overnight risk for members. This update aims to streamline the settlement of securities transactions and minimize risks associated with settlements.

    Simple Explanation

    The SEC has approved a change that lets a company called FICC handle money deals faster on the same day to make things run smoother and safer. This helps to stop problems if trades don't go as planned because FICC takes care of everything right away.