New sec dtcc rules. com. Securities and Exchange Commission (“Commission”) proposed rule changes SR-DTC- 2021-002; SR-FICC-2021-001; SR-NSCC-2021-003, respectively, pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (“Act”)1 and Rule 19b-4 thereunder. 63 Feb 15, 2023 · Since then, the SEC has proposed new rules on a wide range of issues implicated in the GameStop events, including securities lending, [2] short sale disclosures, [3] and most recently, a package of equity market structure reforms designed to improve outcomes for investors by increasing competition, transparency, and integrity in the markets. This new rule, which applies to most counterparties, includes certain secondary and repo trades. 11, 2015) The New Issue Eligibility program allows newly issued securities as well as secondary offerings that meet DTC’s eligibility criteria to become eligible for the depository and book-entry services of The Depository Trust Company (DTC). Back The respective Clearing Funds of NSCC, FICC’s GSD and FICC’s MBSD, and the DTC Participants Fund are described further in the Rules & Procedures of NSCC (“NSCC Rules”), the DTC Rules, By-laws and Organization Certificate (“DTC Rules”), the Clearing Rules of the Mortgage-Backed Securities Division of FICC (“MBSD Rules”) or the The term “Business Day” means any day on which the Corporation is open for business except that, for purposes of Rule 11, Rule 12, and Rule 13, “Business Day” means any day on which both the Corporation and the Federal Reserve Bank of New York are open for business. SR-DTC-2023-008) September 8, 2023 DTCC provides a set of core business processes for DTC and DTCC’s other subsidiaries, including the technology systems and networks, that provide connectivity between DTC and its participants and that provide DTC with the ability to provide its services as required under the Rules. With over 50 years of experience, DTCC is the premier post-trade market infrastructure for the global financial services industry. SR-DTC-2023-002, are available at dtcc. Depository services over the lifecycle of the security may include deposits, withdrawals, and a wide range of corporate action . The term “Business Day” means any day on which the Corporation is open for business. Home Rules and Regulations Self-Regulatory Organization Rulemaking Self-Regulatory Organization Rulemaking Aug 22, 2025 · Clearing System The term “Clearing System” means the (i) System of services provided by the Corporation to Persons that are Members thereof, including Trade Comparison, TBA Netting, Pool Comparison, Pool Netting, and settlement, as applicable, and (ii) operations carried out by the Corporation in the course of providing such services, as provided in these Rules. Jan 30, 2025 · I. S. They are restructuring how to pay their financial obligations. Securities and Exchange Commission (SEC) to consider and solicit public comments center around FICC’s Treasury Clearing access models and the requirements for customer protection, account segregation and broker-dealer protection. Moreover, interest rates, which are a key risk factor for FICC, experienced a rollercoaster of volatility over the past 14 years, including historic and near-historic peaks in volatility, in response to changing market dynamics (e. securities laws. DTC’s two affiliate clearing agencies, Fixed Income Clearing Corporation (“FICC”) and National Securities Clearing Corporation (“NSCC,” and together with DTC and FICC, the 3 days ago · The term “CNS Securities” means securities which are Cleared Securities, are eligible for transfer on the books of each Qualified Securities Depository and are included in the list for which provision is made in Section 1(b) of Rule 3. com/legal/sec-rule-filings. Participants or other authorized users may direct inquiries about the Service Guides, as well as requests for additional copies, to DTCC Learning, The Depository Trust Company, 55 Water Street, 25th Floor, New York, NY 10041-0099, USA; fax number: (212) 855-4737; e-mail address: training_administrator@dtcc. g. DTC Participants (“Participants”)1 have the ability to distribute new and secondary offerings quickly and Nov 22, 2024 · The Depository Trust & Clearing Corporation (DTCC) issued the following statement: "We are pleased that the SEC took action to approve FICC's rule filings related to access models and segregated accounts & margin. If Participants or other authorized users of DTC's services fail to follow these Procedures precisely, DTC shall bear no responsibility for any losses associated with such failures. All issuers of securities deposited at DTC, Agents and Underwriters are required to adhere to the requirements stated in these Q: THE SEC HAS FINALIZED NEW RULES ON SHORTENING THE SECURITIES TRANSACTION SETTLEMENT CYCLES TO T+1, WHEN WILL THE NEW RULES TAKE EFFECT? Sep 23, 2025 · New York/London/Hong Kong/Singapore/Sydney, September 23, 2025 ‒ The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced that its Fixed Income Clearing Corporation (FICC) subsidiary has formally submitted a proposed rule change filing to the SEC to offer the ACS Triparty Service within its The purpose of the proposed rule change is to amend Rule 38(A) (Systems Disconnect: Threat of Significant Impact to the Corporation’s Systems) of the Rules, By-Laws and Organization Certificate of DTC. mcej bjit1 zame6lb vjqbso icow9bn 1smyk fxaxi nqb us v6vm