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Covered Clearing Agency Resilience and Recovery and Orderly Wind-Down Plans

SEC · final-rule · Published 2024-11-18 · Effective 2025-01-17 · 89 FR 91000

Document

Document number
2024-25570
Federal Register citation
89 FR 91000
CFR reference
17 CFR 240
Type
Rule
Action
Final rule.
Category
final-rule
Agency
US Securities and Exchange Commission
Publication date
2024-11-18
Effective date
2025-01-17
Docket
Release No. 34-101446

Abstract

The Securities and Exchange Commission ("Commission") is adopting amendments to certain rules in the Covered Clearing Agency Standards ("CCA Standards") under the Securities Exchange Act of 1934 ("Exchange Act") and the Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank Act"). The amendments strengthen existing rules by adding new requirements related to the collection of intraday margin by a covered clearing agency ("CCA") and the use of substantive inputs in its risk-based margin system. The Commission is also adopting a new rule to establish required elements of a CCA's recovery and orderly wind-down plan ("RWP").

Source

Authoritative
Federal Register document
Machine
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