| DTC |
The Depository Trust Company is a subsidiary of the DTCC, and was created to reduce costs and provide clearing and settlement efficiencies. [1] |
|
Regulatory Rule Filings |
| SR-DTC-2021-003 |
Changes the risk/margin reporting period from monthly to daily. |
✅ 2021-03-16 |
SR-DTC-2021-003-Approval-Notice.pdf |
| SR-DTC-2021-004 |
Outlines procedures for asset liquidation in the event of a defaulting member. |
✅ 2021-03-16 |
SR-DTC-2021-004.pdf |
| SR-DTC-2021-005 |
Prevents loaned/borrowed shares from being loaned/borrowed more than once. |
✅ 2021-06-25 |
SR-DTC-2021-005.pdf |
| SR-DTC-2021-006 |
Removes the old method of asset tracking in favor of SR-DTC-2021-005. |
✅ 2021-04-21 |
SR-DTC-2021-006.pdf |
| SR-DTC-2021-007 |
Eliminates the APO system in favor of the Claim Connect system for fee reconciliation between parties. Mandatory 2021-07-09 |
✅ 2021-04-30 |
SR-DTC-2021-007.pdf |
| SR-DTC-2021-008 |
Reorganizes existing tax reporting/withholding guides to accommodate for various DTCC procedural changes that have been implemented. |
✅ 2021-06-08 |
SR-DTC-2021-008.pdf |
| SR-DTC-2021-009 |
Changes current procedures to clearly define deadlines in order to eliminate existing delay-loop workarounds. |
✅ 2021-06-16 |
SR-DTC-2021-009.pdf |
| ICC |
The ICE Clear Credit was founded to digitize markets and provide greater price transparency. [1] |
|
Regulatory Rule Filings |
| SR-ICC-2021-005 |
ICC version of SR-DTC-2021-004 to define procedures for asset liquidation in the event of a defaulting member. |
✅ 2021-05-10 |
SR-ICC-2021-005.pdf |
| SR-ICC-2021-007 |
Redefines what can and cannot be considered collateral, reducing overall capital on books and lowering acceptable risk ceilings. |
✅ 2021-05-13 |
SR-ICC-2021-007.pdf |
| SR-ICC-2021-008 |
Redefines how risky collateral is handled in Credit Default Swaps. Increases initial margin requirements, and lowers ICC exposure. |
✅ 2021-05-18 |
SR-ICC-2021-008.pdf |
| SR-ICC-2021-009 |
Charges calculation of risk from using month-to-month averages to using day-to-day-averages. |
✅ 2021-05-20 |
SR-ICC-2021-009.pdf |
| SR-ICC-2021-014 |
Defines fee schedules for the 2nd half of 2021; includes reduced fees on CDS (25%) and incentives for risk sharing. |
✅ 2021-05-18 |
SR-ICC-2021-014.pdf |
| OCC |
The Office of the Comptroller of the Currency is a federal agency that oversees the execution of laws relating to national banks. [1] |
|
Regulatory Rule Filings |
| SR-OCC-2021-003 |
Increases margin requirements for market makers when dealing with options contracts. |
✅ 2021-05-27 |
SR-OCC-2021-003.pdf |
| SR-OCC-2021-004 |
Allows previously excluded firms to participate in auctions of assets when a member is liquidated. |
✅ 2021-05-19 |
SR-OCC-2021-004.pdf |
| NSCC |
The National Securities Clearing Corporation is a subsidiary of the DTCC, and was created to provide clearing settlement, risk management, central counterparty services, and a guarantee of completion for certain transactions for virtual all broker-to-broker trades. [1] |
|
Regulatory Rule Filings |
| SR-NSCC-2021-002 |
Automates the margin call process when daily reports indicate a member is overleveraged. |
✅ 2021-06-23 |
SR-NSCC-2021-002.pdf |
| SR-NSCC-2021-004 |
NSCC version of SR-DTC-2021-004 to define procedures for asset liquidation in the event of a defaulting member. |
✅ 2021-03-18 |
SR-NSCC-2021-004.pdf |
| SR-NSCC-2021-005 |
Increases the minimum required fund deposit for DTCC members from $10,000 to $250,000 each. |
⚠️ TBD (2021-08-12) |
SR-NSCC-2021-005.pdf |
| SR-NSCC-2021-006 |
Removal of the 10-day approval period on proposed rule changes among other numerous amendments. |
✅ 2021-05-12 |
SR-NSCC-2021-006.pdf |
| Other |
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|
| Exchange Act Rule 15c3-3 |
Establishes a requirement for 100% collateral to be held on all positions within six months. |
✅ 2021-04-22 |
Rule-15c3-3.pdf |
| MSBS978-21: FICC Notice |
Returns MBSD Intraday Mark-Market Charge to hourly assessment instead of once-per-day for margins. |
✅ 2021-05-03 |
MBSD978-21.pdf |
| SR-NYSEAMER-2021-29 |
Provides incentives for brokers to route retail orders through the NYSE instead of through dark pools/off-market exchanges (OTC). |
✅ 2021-06-17 |
SR-NYSEAMER-2021-29.pdf |
| FINRA Regulatory Notice 21-19 |
Requires firms to submit synthetic short positions with increased reporting frequency from twice per month to daily or weekly. |
⚠️ TBD (Comments accepted until 2021-08-03) |
Regulatory-Notice-21-19.pdf |