Federal Register #SR-NSCC-2026-004

SEC Approves NSCC Rule Change for Transaction Reporting Between Clearing Members

This regulatory action by the Securities and Exchange Commission (SEC) introduces a new transaction reporting capability for the National Securities Clearing Corporation (NSCC): - Government Buyer: - Securities and Exchange Commission (SEC) - Affected Organization: - National Securities Clearing Corporation (NSCC) - Key Change: - Approval of a rule change enabling NSCC to disclose clearing data of a member (Disclosing Member) to another member (Receiving Member) with whom it maintains a clearing relationship - Data sharing is subject to proper authorization and uses Market Participant Identifiers (MPIDs) for secure and authorized reporting - Purpose and Impact: - Enhances prompt and accurate clearance and settlement of securities transactions - Improves data dissemination among clearing members - Notable Details: - No procurement of products or services is involved - This is a regulatory approval affecting NSCC's operational procedures, not a contract opportunity

Description

The National Securities Clearing Corporation (NSCC) has proposed a rule change to introduce a new transaction reporting capability that allows members who maintain clearing relationships with other members to receive transaction data. This change enables NSCC to disclose clearing data of a member to another member with whom it has a clearing relationship, subject to authorization. The rule change aims to improve the prompt and accurate clearance and settlement of securities transactions by enhancing data dissemination among clearing members. The Securities and Exchange Commission (SEC) has approved this proposed rule change.

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