Federal Register #SR-DTC-2026-006

SEC Notice: DTC Rule Change for Notice Periods and CAT Fee 20261

This notice concerns a proposed rule change by The Depository Trust Company (DTC) and related fee updates overseen by the Securities and Exchange Commission (SEC): - Government Buyer: - Securities and Exchange Commission (SEC), Division of Trading and Markets - OEMs and Vendors: - The Depository Trust Company (DTC) - NYSE Texas, Inc. (mentioned as a self-regulatory organization) - Products/Services Requested: - No physical products are being procured - Service: Amendments to the DTC Distributions Service Guide to align notice periods for missed transfer adjustments with other adjustment types - Service: CAT Fee 20261, a fee of $0.000001 per executed equivalent share for Industry Members, covering May to December 2026, related to the Consolidated Audit Trail (CAT) - Unique or Notable Requirements: - The DTC rule change is intended to improve operational efficiency and predictability for financial market participants - The CAT Fee 20261 is specifically tied to reasonably budgeted CAT costs for Industry Members - The DTC guidance for missed transfer adjustments will be consolidated within the Service Guide for clarity - No procurement of goods or traditional services; this is a regulatory and operational notice involving key financial market infrastructure providers

Description

The Depository Trust Company (DTC) has filed a proposed rule change with the Securities and Exchange Commission (SEC) to amend the Distributions Service Guide. The amendments aim to align the notice period for missed transfer adjustments with the notice periods for other adjustments related to changes in rates, record dates, or payable dates. Additionally, the guidance regarding missed transfer adjustments will be relocated within the guide to appear alongside other adjustment-related provisions. This change is intended to improve operational efficiency, predictability, and reduce processing errors for participants.

View original listing