Search Results for keywords:"Risk Management Framework"

The Options Clearing Corporation, a self-regulatory organization, filed a proposed rule change with the Securities and Exchange Commission on January 17, 2025. The changes involve updating the Corporation's Risk Management Framework, Corporate Risk Management Policy, and Default Management Policy to align better with current practices and enhance internal governance clarity. These updates have been designated for immediate effect and are not expected to impact the Clearing Members or other market participants. The Commission is soliciting public comments on the proposal until February 21, 2025.

The Fixed Income Clearing Corporation (FICC) has proposed changes to its Risk Management Framework, affecting it and its affiliates, like The Depository Trust Company and National Securities Clearing Corporation. These changes aim to clarify and update procedures related to quarterly and annual reviews and remove references to the Systemic Risk Council. The Securities and Exchange Commission is seeking public comments on these proposed amendments, which can be submitted electronically or in writing by April 9, 2025. All comments will be publicly available on the SEC's website, although obscene or copyrighted material may be redacted or withheld.