Search Results for keywords:"regulatory change"

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Search Results: keywords:"regulatory change"

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  • 2020-29251 — Self-Regulatory Organizations; Fixed Income Clearing Corporation; Notice of Filing and Extension of the Review Period of an Advance Notice To Modify the Calculation of the MBSD VaR Floor To Incorporate a Minimum Margin Amount
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    Type:Notice
    Citation:86 FR 584
    Reading Time:about 43 minutes

    The Securities and Exchange Commission (SEC) is reviewing a proposal by the Fixed Income Clearing Corporation (FICC) to modify the calculation of the VaR (Value at Risk) Floor for its Mortgage-Backed Securities Division. The change aims to incorporate a "Minimum Margin Amount" to better account for market volatility and ensure adequate risk management. This proposal was developed after the COVID-19 pandemic revealed that the existing calculations did not sufficiently cover risks, particularly during periods of extreme market changes, and the SEC is inviting public comments on this advance notice. The proposed enhancements are designed to limit FICC's exposure by ensuring that its systems account for recent and more volatile market conditions.

    Simple Explanation

    The grown-ups in charge of safe money systems want to change how they keep mortgage money safe, especially when things go up and down a lot, like a wild roller coaster. They're asking people what they think about this idea to make sure everyone's money stays safe and sound.

  • 2025-05447 — Self-Regulatory Organizations; Miami International Securities Exchange, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Exchange Rule 1308, Supervision of Accounts
    Type:Notice
    Citation:90 FR 14290
    Reading Time:about 9 minutes

    The Miami International Securities Exchange (MIAX) has filed a proposed rule change with the Securities and Exchange Commission (SEC) to amend Rule 1308 regarding the supervision of accounts. The change aims to align MIAX's reporting requirements with those of FINRA and the New York Stock Exchange, allowing members more flexibility by removing the specific April 1st deadline and only requiring reports to be submitted annually. This proposal intends to make compliance processes more efficient for MIAX members who are also members of other exchanges. The SEC is inviting public comments on this proposed rule change.

    Simple Explanation

    The Miami International Securities Exchange wants to change a rule so it's easier for their members to follow, allowing them to turn in a report any time during the year instead of on a specific date, making it similar to what other big exchanges already do.

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