The SEC instituted proceedings to determine whether to approve a FINRA proposal that would change margin requirements for certain types of "protected" index options.
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The SEC re-approved amendments to FINRA margin requirements on "to-be-announced" and other "Covered Agency Transactions."
The comment deadline was officially set for the SEC's proposed (i) amendments to current requirements on clearing agencies' risk-based margin systems and (ii) new rule on the content of clearing agencies' recovery and wind-down plans. The July 17, 2023 comment deadline was published in the Federal Register.
The Options Clearing Corporation settled parallel SEC and CFTC charges for failing to fully implement its own rule change relating to the calculation of costs in the event of a need to close out the positions of a defaulting clearing member.
The SEC Division of Trading and Markets warned broker-dealers to stay "vigilant to market and counterparty risks" during times of increased global unrest.