FICC subsidiary of DTCC provides US capital markets mechanisms for transactions in debt securities. Market oversight bodies increasing concern about transactions not cleared by FICC. FICC proposed further enhancements to capacity to absorb market breaks and other turmoil.
Pursuant to Section 806 of Title VIII of the Dodd-Frank Wall Street Reform and Consumer Protection Act entitled the Payment, Clearing, and Settlement Supervision Act of 2010/ 1/ and Rule 19 b-4 under the Securities Exchange Act of 1934,/ 2/ notice is hereby given that on March 28, 2022, National Securities Clearing Corporation filed with the Securities and.
On Monday, May 10, 2021, the SEC issued a Notice that the National Securities Clearing Corporation filed a proposed rule change with the SEC to raise the amount of the Minimum Required Fund Deposit to be made and maintained by member firms using the NSCC.