Comment Deadline Set for Clearing Organizations' Proposed Revisions to Capital Requirements

Comments are due by July 6, 2022 for separate proposals by the National Securities Clearing Corporation, the Fixed Income Clearing Corporation and the Depository Trust Company regarding their respective capital requirements. Each organization published a notice in the Federal Register (see here, here and here).

As previously covered, the clearing organizations' proposed revisions would (i) "increase minimum capital requirements for certain members"; (ii) "streamline its two credit risk monitoring systems, "Watch List and enhanced surveillance list"; and (3) improve the "clarity and accessibility of the rules" (including revising defined terms to facilitate the changes).

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