# 2024-31610: Self-Regulatory Organizations; The Options Clearing Corporation; Order Granting Approval of Proposed Rule Change, as Modified by Partial Amendment No. 1, by The Options Clearing Corporation Concerning Its Process for Adjusting Certain Parameters in Its Proprietary System for Calculating Margin Requirements During Periods When the Products It Clears and the Markets It Serves Experience High Volatility

2024-31610, Self-Regulatory Organizations; The Options Clearing Corporation; Order Granting Approval of Proposed Rule Change, as Modified by Partial Amendment No. 1, by The Options Clearing Corporation Concerning Its Process for Adjusting Certain Parameters in Its Proprietary System for Calculating Margin Requirements During Periods When the Products It Clears and the Markets It Serves Experience High Volatility, is a Federal Register notice from an unnamed agency published 2025-01-06, effective The order approves the Proposed Rule Change (SR-OCC-2024-014) as of December 30, 2024 (Commission action date).; PRIA reads it as touching household money (as of 2026-06-08).

- Canonical: https://policyrisk.com/federal-register/2024-31610
- As of: 2026-06-08
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2024-31610
- Title: Self-Regulatory Organizations; The Options Clearing Corporation; Order Granting Approval of Proposed Rule Change, as Modified by Partial Amendment No. 1, by The Options Clearing Corporation Concerning Its Process for Adjusting Certain Parameters in Its Proprietary System for Calculating Margin Requirements During Periods When the Products It Clears and the Markets It Serves Experience High Volatility
- Type: Notice
- Agencies: unknown
- Citation: unknown
- Published: 2025-01-06
- Effective: The order approves the Proposed Rule Change (SR-OCC-2024-014) as of December 30, 2024 (Commission action date).
- Comments close: not stated
- Significant: no
- Touches household money: yes
- Regulation identifier numbers: none
- Last updated: 2026-06-08

## Summary

The Options Clearing Corporation (OCC) got the green light to update how it adjusts margin rules when markets get super bumpy. This means traders and firms using OCC’s services will see quicker, clearer changes to margin requirements during wild market swings, helping keep things safe and smooth. These updates kick in right away, making sure everyone’s ready for whatever the market throws next!

## Effects PRIA read

- Formalized Margin-Setting Governance: benefit, medium. OCC officially codified how it adjusts STANS margin parameters for high volatility in a rule filing (filed October 1, 2024) that the SEC approved (order dated December 30, 2024). The updated Margin Policy says OCC's Financial Risk Management team will review high-volatility control sets at least an…
- Limits Large Volatility-Driven Margin Spikes: benefit, high. OCC's codified 'high-volatility parameter controls' let it apply idiosyncratic or global bounds to GARCH parameters to reduce procyclical spikes in margin requirements. OCC states these controls have limited instances where model reactivity otherwise produced very large increases (for example, past…

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## Sources
- [2024-31610 on federalregister.gov](https://www.federalregister.gov/documents/2025/01/06/2024-31610/self-regulatory-organizations-the-options-clearing-corporation-order-granting-approval-of-proposed)
- [2024-31610 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2025-01-06/pdf/2024-31610.pdf)

## Related
- [Previous: 2024-31608, Revised Schedule of Remuneration for the Unemployment Compensation for Ex-Servi…](https://policyrisk.com/federal-register/2024-31608)
- [Next: 2024-31611, Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing an…](https://policyrisk.com/federal-register/2024-31611)
- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2024-31610 (as of 2026-06-08).