Search Results for keywords:"National Securities Clearing Corporation"

The Securities and Exchange Commission approved proposed changes to the investment policies of the Depository Trust Company, Fixed Income Clearing Corporation, and National Securities Clearing Corporation. These changes are intended to align their policies with new rules for managing U.S. Treasury securities transactions and safeguarding customer margins. The proposal includes a process to keep proprietary and customer funds separate and independently managed, which aims to enhance the stability and security of these financial transactions. The updated policies are meant to ensure that funds are secure and properly managed even in the event of a financial default.

The Securities and Exchange Commission (SEC) announced that the National Securities Clearing Corporation (NSCC) filed a proposed rule change to its Clearing Agency Risk Management Framework. This proposal aims to update and clarify various processes, such as the quarterly review escalation process and the annual review process regarding "done-away" clearing activity. It also involves removing references to the Systemic Risk Council and making other minor clarifications. The SEC invites the public to comment on this proposed rule change by April 9, 2025.

The Securities and Exchange Commission approved new rule changes proposed by the National Securities Clearing Corporation, The Depository Trust Company, and Fixed Income Clearing Corporation. These changes revolve around enhancing governance and reducing conflicts of interest within these organizations, ensuring directors and senior managers adhere to specified regulations. The approved framework includes mechanisms to manage conflicts of interest, risks from service providers, and to actively involve stakeholders in key decision-making processes related to risk management and operations. Ultimately, these changes aim to improve transparency and accountability in the operations of these financial clearing agencies.

The Securities and Exchange Commission announced that the National Securities Clearing Corporation (NSCC) has proposed changes to its Operational Risk Management Framework. These updates include reflecting recent name changes within its organizational groups and clarifying some existing sections for better understanding. The changes are designed to improve the framework without impacting the competitiveness of the clearing agency. Public comments on these proposals can be submitted to the SEC until January 16, 2025.