Approval of OCC Rule on Fitness Standards for Directors, Clearing Members, and Others (Final Rule); SEC Release No. 34-65648

76 FR XXX (SEC Release No. 34-65648; SR-OCC-2011-12)

October 27, 2011

The SEC granted approval to a rule change of the Options Clearing Corporation to establish fitness standards for directors, clearing members, and certain other individuals. The rule change is a result of new requirements imposed on clearing organizations in Dodd-Frank.

Cross References: SEC Release No. 34-65338 (9/14/11) (Proposal); 76 FR 722 (1/6/11) (related CFTC proposal)