Regulatory Alerts2016-10-13 | 2016-23891Added
Standards for Covered Clearing Agencies
The Securities and Exchange Commission adopted final rules establishing enhanced operational and governance standards for registered clearing agencies designated as systemically important or possessing a complex risk profile. These amendments to Rule 17Ad-22 and the new Rule 17Ab2-2 codify requirements for risk management, legal risk, and collateral to align with international principles and the Clearing Supervision Act. The rules aim to reduce systemic risks and promote financial stability by ensuring robust oversight of critical financial market infrastructures.
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