SEC No-Action Relief to Options Clearing Corporation to Permit a Firm to Act as a Clearing Member While it Transfers its Business

The SEC Division of Trading and Markets granted no-action relief to Options Clearing Corporation (OCC) under Section 19(g)(1)(C) of the Exchange Act under the following conditions: if OCC waives the applicability of certain of its By-Laws and Rules as well as permits Broadridge Securities Processing Solutions, LLC ("BSPS") to continue to act as a Managing Clearing Member while it transfers its activities to an affiliate.

View letter in full here (links externally to SEC website).