2025-18548Notice

SEC Extends Review on Trading System Disruption Fixes

Published Date: 9/25/2025

Notice

Summary

The Depository Trust Company, Fixed Income Clearing Corporation, and National Securities Clearing Corporation want to update their rules to better handle system disruptions. The SEC is taking extra time to review these changes after getting public feedback. This affects financial firms using these clearing agencies and could impact how smoothly transactions get processed, with decisions expected later than originally planned.

No Economic Impacts Identified for this Document

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Key Dates

Published Date
Effective Date
9/25/2025
11/22/2025

Department and Agencies

Department
Independent Agency
Agency
Securities and Exchange Commission
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