NSCC Updates Risk Framework: Yawn-Inducing Securities Shuffle Continues
Published Date: 3/19/2025
Notice
Summary
The National Securities Clearing Corporation (NSCC) is updating its risk management rules to make things clearer and smoother for everyone involved, including its partners DTC and FICC. These changes tweak how reviews happen each quarter and year, remove outdated references, and fix small details—all effective immediately with no extra costs. If you’re part of these clearing agencies or watch the markets, these updates keep the system safer and easier to understand.
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Previous: 2025-04507, Self-Regulatory Organizations; Fixed Income Clearing Corporation (“FICC”); Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the Clearing Agency Risk Management Framework
The Fixed Income Clearing Corporation (FICC) is updating its risk management rules to make things clearer and smoother for everyone involved, including its partners DTC and NSCC. These changes tweak how they review risks every quarter and year, remove outdated references, and add some helpful clarifications. The updates took effect right away on March 10, 2025, with no extra costs expected.
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The Cboe BZX Exchange wants to start listing and trading shares of the Franklin XRP Fund, a new ETF tied to the cryptocurrency XRP. This change lets investors buy and sell these shares on the exchange, opening up fresh opportunities in crypto investing. The proposal was filed on March 13, 2025, and is now open for public comments before it can go live.