Dtcc rule effective date. ” Disruption Rules, supra note 4, Section 1.

Dtcc rule effective date 2 There will not be any changes to daily or expiration processing DTC provides depository and book-entry services pursuant to its rules, procedures, service guides and operational arrangements (“DTC Rules” or “Rules”) available at the DTCC website. On June 25, 2008, an amendment to Rule G-34 became effective that would help ensure that dealers are prepared for the September 30, 2008 effective date of MSRB rules to require underwriters to participate in NIIDS, described above. Such a move is necessary because, according to exchange rules, ex-dates must occur on a business day that the listed exchange is open. NSCC-2021-801 is not yet effective. Issuer hereby notifies you that on (the “Effective Date”), the Restricted Securities became freely tradable without restrictions by non-affiliates of the Issuer pursuant to Rule 144(b)(1) under the Securities Act of 1933, as amended (the “Securities Act”). 14, 2023) (File No. This Technical Specification provides the definition, format, allowable values and validation rules for the data elements that are required to be reported to the SDRs by reporting parties under the revised part 45 rule. Both are awaiting approval by the SEC before the DTCC can set an effective date. 00 fine. 98086 (Aug. Uyeda’s recent statement regarding the SEC’s decision to extend the compliance dates for U. Pursuant to this proposed rule change, the definition would be updated to mean “the systems, equipment and technology networks of DTCC, the Corporation and/or any Affiliates of DTCC or the Corporation, whether owned, leased, or licensed, and including software, hardware, applications, devices, IP addresses, or other addresses or accounts used Procedures of the Self-Regulatory Organization The proposed rule change to modify the application of a fee (“One-Day Surcharge”) charged to a Participant that submits an eligibility request or required offering documents for a new issue one business day prior to the closing date,2 as described below, was approved by the DTC Board of Directors on June 25, 2024. SR-DTC-2025-010] Self-Regulatory Organizations; The Depository Trust Company; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Amend the Settlement Service Guide to Make a Technical Change Relating to DTC’s Memo Segregation Function and to Update DTC’s Mailing Address Date of Effectiveness of the Proposed Rule Change, and Timing for Commission Action The foregoing rule change has become effective pursuant to Section 19(b)(3)(A)15 of the Text of the Proposed Rule Change (a) Pursuant to the provisions of Section 19(b) of the Securities Exchange Act of 1934 (“Exchange Act”),1 and Rule 19b-4 thereunder,2 National Securities Clearing Corporation (“NSCC”) is filing the proposed rule change with the Securities and Exchange Commission (“SEC” or “Commission”) to (1) modify the Amended and Restated Stock Options and View the rules and procedures that govern each clearing agency's operations, including information on default procedures or insolvency. Phase 5, the latest implementation, became effective this past September impacting over 300 firms Dec 17, 2024 · Search, browse and learn about the Federal Register. In Oct 17, 2024 · The Fixed Income Clearing Corporation, abbreviated as FICC, is currently the only clearing house for Treasuries. Treasury transactions by the end of 2025. Oct 31, 2025 · The term “Settlement Date” means, with respect to any contracts, security balance orders, security orders or other transactions to which these Rules and Procedures apply, the date specified for the settlement of such contract, security balance order, security order or transaction, as provided in these Rules and Procedures. This comprehensive guide details the T+1 conversion process, along with changes that are now effective. NSCC-2021-801- Maintins the Daily Liquidity Requirements of Hedge funds if the DTCC deems necessary (ties closely to DTCC-2021-004 and 002). 00 10,000. The validation rules intended to be built into the HKTR system for the new field(s), both trade transactions and valuations; and, The business rule intended to be built into the HKTR system for determining a post trade event or valuation is for a new trade on or after the implementation date, therefore subject to the interim UTI mandate validation. Operational records can exist before the first trade to facilitate connectivity for participants. Compliance dates: The compliance date for Rule 17ad-22(e)(18)(iv)(A) and (B), published Rule 17ad-22(e)(21)10 promulgated under the Act requires, inter alia, that DTC, a covered clearing agency, establish, implement, maintain and enforce written policies and procedures reasonably designed to, as applicable, be efficient and effective in meeting the requirements of its Participants and the markets it serves. 00 400. Treasury central clearing rule affects global market participants. The purpose of this paper is to provide Members with a comprehensive guide on the steps DTCC will take during the T+1 conversion process, along with changes that will be effective upon implementation of the T+1 settlement cycle on May 28, 2024. financial markets, representative organizations under the leadership of the Securities Industry and Financial Markets Association (SIFMA)1, the Investment Company Institute (ICI)2, and The Depository Trust & Clearing Corporation (DTCC) 3 initiated an industry change to accelerate the settlement Date of Effectiveness of the Proposed Rule Change, and Timing for Commission Action The foregoing rule change has become effective pursuant to Section 19(b)(3)(A)31 Jun 4, 2025 · Explore how the U. Treasury market trades be settled by a clearing agency. The effective date for the Trade Submission Requirement adopted on December 13, 2023, remains March 18, 2024. The transfer agent must notify DTC of ceasing to perform or assumption of transfer agent services, or when the transfer agent is changing its name or address, on or before the later of (i) 10 calendar days prior to the effective date or (ii) in the case of a termination or assumption, the date the transfer agent is (a) notified of the effective The term “FATCA Compliance Date” shall mean, as applicable, either (i) January 1, 2014, with respect to any FFI Member approved for membership by the Corporation on January 1, 2014 or thereafter (or, if the commencement of all FATCA withholding with respect to such FFI Members is delayed beyond January 1, 2014 under FATCA, two calendar Account The term “Account” means an account in a designated location in the Corporation’s electronic communication system for the EPN Service, maintained by the Corporation on behalf of an EPN User pursuant to Section 1 of Rule 1 of Article II. The Depository Trust and Clearing Corporation (DTCC) advances solutions that help markets grow and protect the security of the global financial system. Nov 1, 2023 · Per GSD Rule 3A, Section 2(g), with respect to any of its Sponsored Members, a Sponsoring Member must submit to FICC written notice (i) within 1 business day of becoming aware that a Sponsored Member is no longer in compliance with the requirements of subsection (a) of Section 3 of Rule 3A, and (ii) at least 90 calendar days prior to the effective date of any Reportable Event applicable to a Date of Effectiveness of the Proposed Rule Change, and Timing for Commission Action The foregoing rule change has become effective pursuant to Section 19(b)(3)(A) Dec 1, 2021 · Introduction In an effort to reduce risk, strengthen and modernize securities settlement in the U. In addition to this change in the settlement cycle, DTCC ITP Matching (US) LLC ("ITPM"), which operates CTM ® and TradeSuite ID ®, an affiliate of DTCC ITP LLC, will become a Central Matching Service Provider (CMSP) that These are all just the rule changes listed on the first page of the DTCC listing. , Settlement Services) perspective, taking cost and capital considerations relating to a given category into account. I believe this means filing with the Federal Register, which usually takes a couple days. Specifically, the proposal would provide a Web-based, centralized Jul 1, 2024 · DTCC's Laura Klimpel discusses the impact of the SEC's rule that will require the clearing of certain U. Oct 31, 2025 · Accrued Repo Interest-to-Date The term “Accrued Repo Interest-to-Date” means, on a particular Business Day, as regards an outstanding Repo Transaction, the product of: (1) the original Contract Value of the Start Leg, (2) the Contract Repo Rate, and (3) the number of days between the next Scheduled Settlement Date and the Start Leg Date, divided by 360. The SIFMA Command Center continues to provide conversion status information, transparency into the activity of other participants, and serves as a forum for issue identification and socialization. com/legal/sec-rule-filings. Canada has adopted a parallel rule covering their markets, however, given the three-day Memorial Day holiday in the United States, Canadian securities will begin trading using a T+1 settlement date on May 27th, one day before U. (a) Purpose The proposed rule change consists of modifications to the DTC Operational Arrangements (Necessary for Securities to Become and Remain Eligible for DTC Services) (“OA”)2 to add to its existing Legal Notice System (“LENS”) a means of receiving certain index reference rate information for posting to LENS. Pursuant to Section 19 (b) (1) of the Securities Exchange Act of 1934 (“Act”) [1] and Rule 19b-4 thereunder, [2] notice is hereby given that on September 27, 2023, The Depository Trust Company (“DTC”) filed with the Securities and Exchange Commission (“Commission”) the proposed rule change as described in Items I, II and III below, which Items have been The proposed rule change would amend the DTC Corporate Actions Distributions Service Guide (“Distributions Guide”)2 and the DTC Settlement Service Guide (“Settlement Guide”)3 (collectively, “Guides”)4 to make technical revisions to the Guides in anticipation of the U. These changes were effective upon filing, but have not yet been implemented. DDR has amended Rule 4. The SEC has been telegraphing that a rule requiring central clearing of Treasuries would be forthcoming. a Bunch of them don't seem to have a lot of impact as FICC expects to implement the proposed rule change by no later than December 15, 2025, and would announce the effective date of the proposed changes by an Important Notice posted to FICC’s website. ” Disruption Rules, supra note 4, Section 1. [4] April 24, 2025 This DTCC Data Repository (U. During an unscheduled closing, a listed exchange will typically move ex-dates that were scheduled for that date to the next business day that the exchange is open, which is usually the record date. Effective Date: was submitted to federal register on March 18, 2021. in The Clearing Agencies expect to implement the proposed rule change by no later than December 15, 2025, and would announce the effective date of the proposed changes by an Important Notice posted to the DTCC website. eastern time) 5,000. On February 15, 2023, the Securities Exchange Commission May 22, 2024 · A summary of the SEC rules is also included for reference. Treasury Clearing by 12 months asserts, “The U. dtcc. Let's talk about effective date now, so we don't hype anyone up too much. IV. DATES: Effective date: The effective date for this release is March 4, 2025. The rewrite is critically important as it delivers the most comprehensive change to reporting rules in the United States Nov 2, 2021 · Regulations for BCBS-IOSCO’s uncleared margin rules (UMR) for uncleared OTC derivatives began to be implemented in 2016, originally with five annual phases in scope. May 30, 2023 · The SEC adopted the rule to shorten the settlement cycle to T+1, effective May 28, 2024, for all U. Capitalized terms used herein and not otherwise defined have the meaning assigned to them in the GSD Rules. ONGOING MEMBERSHIP REQUIREMENTS AND MONITORING [Changes to Rule 2B, as amended by File No. securities settlement cycle from trade date plus 2 (T+2) to trade date plus 1 (T+1) in the first half of 2024. It is a subsidiary of DTCC and rated AAA. Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc. Comments were due on 04/08/21 for it and its sister rule NSCC-2021-002 on 04/14/21. g. Mar 25, 2025 · The acting SEC chair, Mark T. Please be advised that the freely tradable securities will be represented by the CUSIP number (“Unrestricted Securities”) and 6 Supra note 3. Treasury market is a critical piece of the global financial system. ) LLC (“DDR”) submits, by written certification, amendments to the DTCC Data Repository (U. Apr 17, 2025 · DTC reserves the right to not respond to any comments received. 4. ) LLC Rulebook (“DDR Rulebook”), including, but not limited to, the changes enumerated below. See Securities Exchange Act Release No. The clock has now started ticking, with a Phase 1 implementation date now delayed to December 5, 2022. CFTC Reporting Rules Rewrite: Time to ActThe long-awaited rewrite to the CFTC trade reporting rules was approved on 17 September and, as of 25 November, published in the Federal Register. Feb 26, 2024 · SummaryFINRA has adopted amendments to conform its rules to the Securities and Exchange Commission’s (SEC) amendments to Rule 15c6-1 and adoption of Rule 15c6-2 under the Securities Exchange Act of 1934 to shorten the standard settlement cycle for most broker-dealer transactions from two business days after the trade date (T+2) to one business day after the trade date (T+1). What does the SEC Final Rule require and to whom does the Final Rule directly apply? The Final Rule directly applies to SEC registered Broker Dealers (BDs), Registered Investment Advisers (RIAs) and central matching service providers (CMSPs). Currently, settlement date occurs two business days after trade date, but recent rule amendments from the Securities and Exchange Commission (SEC) and conforming FINRA rule change (effective May 28, 2024) will make the securities settlement timeline one day shorter (changing from T+2 to T+1). The proposed rule changes to Oct 31, 2025 · The term “Settlement Date” means, with respect to any contracts, security balance orders, security orders or other transactions to which these Rules and Procedures apply, the date specified for the settlement of such contract, security balance order, security order or transaction, as provided in these Rules and Procedures. Apr 7, 2025 · DTC reserves the right to not respond to any comments received. Oct 12, 2023 · DATES: September 28, 2023. It mentions the "The proposed rule change would become effective upon filing". 4 to remove reference to the January 2024 UPI go-live from the second sentence as this date has passed making the reference unnecessary. , and in the case of certain reorganization transactions, if there is a failure to pay DTC in immediately available funds on the scheduled payment date or on the effective date (as it applies to the Self-Regulatory Organizations; The Depository Trust Company; Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Amend the DTC Corporate Actions Distributions Service Guide and the DTC Settlement Service Guide The Clearing Agencies expect to implement the proposed rule change by no later than December 15, 2025, and would announce the effective date of the proposed changes by an Important Notice posted to the DTCC website. In order to more accurately assess the impact of the proposed changes, the impact study included changes to the gap risk measure that were implemented on October 2, 2023 as if such changes had been in effect during the impact study period. Procedures of the Self-Regulatory Organization The proposed rule change was approved by the Board of Directors of DTC (“Board”) at a meeting duly called and held on April 16, 2025. The amendments The Securities Industry and Financial Markets Association (SIFMA), the Investment Company Institute (ICI), and The Depository Trust & Clearing Corporation (DTCC) established an Industry Working Group (IWG) to accelerate the U. Federal Register 2. This paper includes information on: Nov 11, 2025 · Inside the ETF playbook: DTCC workflows and the SEC’s new generic listing rules According to DTCC, ETF processing encompasses creation, redemption, and post-trade flows once a product is listed and effective. Mar 3, 2023 · On May 28, 2024, the implementation date for the move to T+1 settlement for transactions in US cash equities, corporate debt, and unit investment trusts will go into effect. On the Closing Date Late receipt of LOR or BLOR (on closing date) or Late Closing (after 2:00 p. Date of Effectiveness of the Proposed Rule Change, and Timing for Commission Action The foregoing rule change has become effective pursuant to Section 19 (b) (3) (A) of the Act and paragraph (f) of Rule 19b-4 thereunder. If anyone has more insight on this it would be much appreciated. m. NSCC filed the proposed rule change pursuant to Section 19(b)(3)(A) of the Act3 and Rule 19b-4(f)(2)4 thereunder so that the proposal was effective upon filing with the Commission. market transition to a shortened standard settlement cycle from the current two business days after trade date Pursuant to Rule 2, Section 1, each Participant shall pay to DTC the compensation due it for services rendered to the Participant based on DTC’s fee schedules. SR-NSCC-2022-012, are available at https://www. 7 Upon the effective date of recently adopted SEC Rule 17ad-26(9), FICC will be updating its procedures to require review and approval of the Plan by the Board at least every 12 months or following material changes to FICC’s operations that would significantly affect the viability or execution of the Plan. 7 Upon the effective date of recently adopted SEC Rule 17ad-26(9), DTC will be updating its procedures to require review and approval of the Plan by the Board at least every 12 months or following material changes to DTC’s operations that would significantly affect the viability or execution of the Plan. , and in the case of certain reorganization transactions, if there is a failure to pay DTC in immediately available funds on the scheduled payment date or on the effective date (as it applies to the DTCC will be making its user-acceptance-testing environment available for clients to start testing well in advance of the go live date in addition to a multitude of readiness workshops and events. Jul 9, 2025 · Swap Data Repository Rules Search Swap Data Repository Rules using the following criteria Organization Receipt Date From Receipt Date To Aug 15, 2024 · Any material modifications to the DDR Rulebook outlined in this letter have been approved by the DDR Board in advance of the intended effective date pursuant to DDR Operating Procedures Important Legal Information Section 3 Notices. “DTCC Systems Participant” is currently defined in the Disruption Rules as, “a [Respective Participant], or third party service provider, or service bureau that is connecting with the DTCC Systems. Reference should be made to the GSD Rules for a complete statement of the rules and procedures, rights, obligations, and other requirements applicable to the use of the services offered by GSD. SR-NSCC-2022-015) (order approving proposed rule change Apr 11, 2024 · DTC reserves the right to not respond to any comments received. securities transactions that settle through DTC. " New deadlines of December 31, 2026, for cash transactions and The good news is that regulators in two of the world’s biggest derivatives markets, the Commodity Futures Trading Commission (CFTC) in the US, and the European Securities and Markets Authority (ESMA) in Europe, are aligned on some of the most important CDE of trade reporting and on the usage of standard identifiers, including UTI, UPI, Effective Date, Expiration Date, Notional Amount and Self-Regulatory Organizations; Fixed Income Clearing Corporation; Order Approving Proposed Rule Change to Adopt a Volatility Event Charge Date of Effectiveness of the Proposed Rule Change, and Timing for Commission Action The foregoing rule change has become effective pursuant to Section 19(b)(3)(A) Date of Effectiveness of the Proposed Rule Change, and Timing for Commission Action The foregoing rule change has become effective pursuant to Section 19(b)(3)(A) Sep 8, 2023 · DTCC’s Support for Industry DTCC’s Data Repository Singapore (DDRS) team has been working closely with ASIC in reviewing the new rules and released project implementation documentation – including the message specifications and the functional change document – for reporting entities to start preparations for the upcoming ASIC rewrites. New rules must be implemented properly, and any operational issues must be addressed. ) LLC. Oct 31, 2025 · The term “FATCA Compliance Date” shall mean, as applicable, either (i) January 1, 2014, with respect to any FFI Member approved for membership by the Corporation on January 1, 2014 or thereafter (or, if the commencement of all FATCA withholding with respect to such FFI Members is delayed beyond January 1, 2014 under FATCA, two calendar RULES, BY-LAWS AND ORGANIZATION CERTIFICATE OF THE DEPOSITORY TRUST COMPANY Oct 31, 2025 · The term “Settlement Date” means, with respect to any contracts, security balance orders, security orders or other transactions to which these Rules and Procedures apply, the date specified for the settlement of such contract, security balance order, security order or transaction, as provided in these Rules and Procedures. More specifically, the proposed rule change would (i) migrate the Jul 7, 2025 · SECURITIES AND EXCHANGE COMMISSION [Release No. S. For data elements in the CDE Technical Guidance (“CDE data elements”) adopted by the CFTC (the data element name, definition, format, and allowable values), the CFTC has Text of Proposed Rule Change The proposed rule change of Fixed Income Clearing Corporation (“FICC”) is provided in Exhibit 5 and consists of modifications to FICC’s Government Securities Division (“GSD”) Rulebook (“GSD Rules”)1 that would revise the definition of the Backtesting Charge to clarify that the calculation of the backtesting coverage and any applicable Backtesting (a) Purpose The purpose of this proposed rule change is to amend the Underwriting Service Guide, OA,2 and the Policy Statement on the Eligibility of Foreign Securities (“Policy Statement”) set forth in the DTC Rules to facilitate enhancements to the securities eligibility process within DTC’s Underwriting Service. Feb 26, 2025 · The SEC pushed back the compliance dates for a rule that mandates more U. ; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Amend FINRA Rules to Conform to Exchange Act Rules 15c6-1 and 15c6-2 to Shorten the Standard Settlement Cycle for Most Broker-Dealer Transactions from Two Business Days after the Trade Date to One Business Day after the Trade Date NATIONAL SECURITIES CLEARING CORPORATION RULES RULE 2B. I’m working my way backward in time and may end up making another post about additional rules changes/filings that we may need to watch for in order to determine the earliest date the government will be ready for, and therefore allow the MOASS to proceed. Date of Effectiveness of the Proposed Rule Change, and Timing for Commission Action The foregoing rule change has become effective pursuant to Section 19(b)(3)(A) Self-Regulatory Organizations; The Depository Trust Company; Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Amend the DTC Corporate Actions Distributions Service Guide and the DTC Settlement Service Guide The DTCC have just confirmed rule NSCC-2021-010 and set the effective date for 24th August, this is brilliant news for AMC! Also, a request was made for data In addition to the comment letters discussing the prospective application of Rule 15c6-1 to security-based swap transactions, the Commission received a small number of comment letters that recommended the continuation and/or expansion of certain regulatory relief from Rule 15c6-1 previously provided by the Commission in certain exemptive orders. Jul 12, 2023 · due from the Paying Agent and/or Issuer if there is a failure to pay DTC for an event on the scheduled payment date in immediately available funds. On February 15, 2023, the SEC voted to adopt the proposed rule, formally known as 15c6-1. 34 -103398; File No. Jul 24, 2024 · DTCC’s T+1 Conversion Guide. Key Steps for Readiness Work with DTCC to set up your own Tradesuite ID (“TSID”) (where needed) so it is ready to use before the May 28, 2024 conversion date. 1. of fee changes from an individual product/service category (e. 6, DTCC Data Repository (U. APE SPEAK: HEY HEDGIE, GET MARGIN CALLED. Date of Effectiveness of the Proposed Rule Change, and Timing for Commission Action The foregoing rule change has become effective pursuant to Section 19 (b) (3) (A) of the Exchange Act and paragraph (f) of Rule 19b-4 thereunder. 6 Supra note 3. In response to the global pandemic, international regulators reacted by delaying Phase 5 and creating a further phase – phase 6. Date of Effectiveness of the Proposed Rule Change, and Timing for Commission Action The foregoing rule change has become effective pursuant to Section 19(b)(3)(A) FICC Client Clearing Netting & Settlement This document is for informational purposes only. T+1 securities settlement. 00 Per issue; excludes privately transacted issues exempt under rule 144 A, REG S, and continuously issued structured notes submitted to DTC as an equity derivative or debt derivative Per issue Per issue 434 The notification must be provided 90 calendar days prior to the effective date of such event unless the Participant demonstrates that it could not have reasonably have given notice within that time frame: DTCC Public (White) Effective: July 15, 2008 Each single offense, $5,000. ) LLC Rulebook, as amended, supplemented or modified from time to time, and together with any appendix, annex or supplement hereto is copyright ©2025 by DTCC Data Repository (U. The 18-month clock now starts ticking, with an implementation date set for 25 May 2022. 8, 2023), 88 FR 55100 (Aug. 0 is the unofficial daily publication for rules, proposed rules, and notices of Federal agencies and organizations, as well as executive orders and other presidential documents. , broker-dealers, institutional investors, interdealer brokers, Covered Clearing Agencies (CCAs) principal trading firms) to comply with the rules by the following key dates: due from the Paying Agent and/or Issuer if there is a failure to pay DTC for an event on the scheduled payment date in immediately available funds. 7 Upon the effective date of recently adopted SEC Rule 17ad-26(9), NSCC will be updating its procedures to require review and approval of the Plan by the Board at least every 12 months or following material changes to NSCC’s operations that would significantly affect the viability or execution of the Plan. Text of the Proposed Rule Change The proposed rule change of Fixed Income Clearing Corporation (“FICC”) as provided in Exhibit 5 consists of modifications to FICC’s Government Securities Division (“GSD”) Rulebook (the “GSD Rules”) to revise the provisions concerning Funds-Only Settlement Amount (“FOS”) payments, to clarify (a) the designation of FOS payments as settlement and (a) Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (“Act”),1 and Rule 19b-4 thereunder,2 National Securities Clearing Corporation (“NSCC”) is filing with the Securities and Exchange Commission (“Commission”) a proposed rule change to amend the NSCC Rules & Procedures (“Rules”) concerning the receipt of Pursuant to Section 5c(c)(1) of the Commodity Exchange Act, as amended, and Commodity Futures Trading Commission (the “Commission” or “CFTC”) Regulation § 40. DTCC rules set the expectation, the NSCC rule declares the limit and enforcement of it. The term “FATCA Compliance Date” shall mean, as applicable, either (i) January 1, 2014, with respect to any FFI Member approved for membership by the Corporation on January 1, 2014 or thereafter (or, if the commencement of all FATCA withholding with respect to such FFI Members is delayed beyond January 1, 2014 under FATCA, two calendar The term “Regular Way” means settlement in accordance with the standard settlement cycle set forth in Rule 15c6-1(a) of the Exchange Act. Mar 19, 2025 · DTCC' Connection Staff shares important aspects of Canada's updated derivatives reporting rules, effective July 25, 2025, and keys to successful implementation. BNY provides expert guidance on complying with the SEC mandate. securities May 28, 2024 is the compliance date for U. All relevant regulatory processes have concluded and such rule changes will be effective on May 28, 2024, the compliance date. Jan 30, 2025 · Search, browse and learn about the Federal Register. Pursuant to this proposed rule change, DTCC Systems Participant would be redefined in the Disruption Rules as, “(A) any [Respective Participant May 14, 2024 · OCC has reviewed its By-Laws, Rules, and associated processes to identify required changes to support the industry-wide conversion to shorten the standard equity settlement cycle from T+2 to T+1. See Rule 2, supra note 1. Text of the Proposed Rule Change The proposed rule change of Fixed Income Clearing Corporation (“FICC”) is annexed hereto as Exhibit 5 and consists of modifications to FICC’s Mortgage-Backed Securities Division (“MBSD”) EPN Rules (the “EPN Rules”) and FICC’s Government Securities Division (“GSD”) Rulebook (the “GSD Rules” and together with the EPN Rules, the “Rules Any material modifications to the DDR Rulebook and Operating Procedures outlined in this letter have been approved by the DDR Board in advance of the intended effective date pursuant to DDR Operating Procedures Important Legal Information Section 3 Notices. 1 The SEC Final Rule and Key Dates On February 9, 2022, the Securities and Exchange Commission (SEC) issued a proposal to shorten the securities settlement cycle from trade date plus two business days (T+2) to trade date plus one business day (T+1). . Will become effective no later than 60 days of The Clearing Rule triggers significant change in US Treasury market structure that will have to be addressed by market participants (e. III. As a result, the US securities markets will transition 6 Supra note 3. jew mnhlz rcpwuy euwezg mdw vfroacw nrjjlf owv nrz vmip mpciw kxuca nslv izjms vwwp