The SEC has adopted rule amendments and a new rule to improve the resilience and recovery and wind-down planning of covered clearing agencies. The rule amendments establish new requirements regarding a covered clearing agency’s collection of intraday margin, as well as a covered clearing agency’s reliance on substantive inputs to
SEC acts to improve clearing agencies’ risk management
2 min read
Amendments relate to intraday margin collection and use of substantive inputs; new rule establishes elements of a clearing firm’s recovery plan.