Search Results for keywords:"Governance Playbook"

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.

The Securities and Exchange Commission (SEC) has approved changes proposed by ICE Clear Credit LLC to improve governance practices. The changes involve amending the Governance Playbook and Operating Agreement to create a Nominating Committee. This committee will evaluate the independence and qualifications of individuals being proposed for the board to ensure fair management. These updates aim to meet new regulatory requirements and enhance the organization's governance by minimizing conflicts of interest.

ICE Clear Credit LLC filed a proposed rule change to revise its Governance Playbook, as per Securities Exchange Act of 1934 requirements. Key changes include establishing a Board Risk Committee to oversee risk management and adding fitness standards for Board Managers. These changes aim to improve the clearance and settlement of securities by enhancing ICC's governance structure. Public comments on the proposal are encouraged by the Securities and Exchange Commission by May 12, 2025.