The Securities and Exchange Commission received a proposed rule change from the Depository Trust Company (DTC) regarding updates to its Clearing Agency Operational Risk Management Framework. This proposal involves changing group names and making other minor edits to improve clarity. The changes will not affect competition and are designed to enhance the understanding of operational risk management processes without altering compliance with existing rules. Public comments are invited until January 13, 2025, and all feedback will be publicly accessible.
Simple Explanation
The Depository Trust Company wants to make some small changes to the rules about how they manage risks to make them clearer, and they don't think it'll change anything major like fairness between businesses. The Securities and Exchange Commission is asking people to share their thoughts on this until January 13, 2025.