Search Results for keywords:"Rule 17ad-22(e)(6)(iv)"

The Securities and Exchange Commission has received a proposed rule change from The Depository Trust Company (DTC) to update its Securities Valuation Framework. This change is intended to include the use of substantive inputs in the clearing agencies’ risk-based margin systems, following newly adopted rules by the Commission. The proposal includes adding a section to the Framework about handling margin input data, introducing a glossary, and making clarifying changes concerning securities valuation. The goal is to ensure that reliable price data and other essential inputs are used, and to have policies for when such data are unavailable.

The Securities and Exchange Commission received a proposed rule change from the Fixed Income Clearing Corporation (FICC). The rule update aims to amend the Clearing Agency Securities Valuation Framework by ensuring reliable data inputs for risk-based margin systems, in line with recent amendments to the Commission's Standards for Covered Clearing Agencies. These changes encompass adding new sections to address various data inputs, a glossary for key terms, and enhancements to policies for handling data that may be unavailable or unreliable. The goal is to improve FICC's processes for managing margins and collateral to continue safeguarding securities and ensuring accurate transaction settlements.