Federal Register #SR-DTC-2026-007

SEC Notice: Proposed Rule Change to Amend DTC Operational Arrangements for Securities Eligibility

This notice announces a proposed rule change by The Depository Trust Company (DTC) to update its operational arrangements for securities eligibility, as published by the Securities and Exchange Commission (SEC). - Government Buyer: - Securities and Exchange Commission (SEC) - OEM/Vendor: - The Depository Trust Company (DTC) - Products/Services Requested: - No physical products or service purchases are requested; this is a procedural and regulatory update - Amendments focus on consolidating and updating documentation for Agents processing Participant instructions related to corporate action offers, elections, solicitations, or tabulations via DTC's Automated Tender Offer Program (ATOP) and Automated Subscription Offer Program (ASOP) - Unique or Notable Requirements: - New subsections outline requirements for becoming an ATOP/ASOP Agent, including: - Connectivity to DTC systems - Execution of specific agreements - Eligibility criteria for offers processed through ATOP/ASOP - Changes are intended to streamline and clarify procedures for Agents and Participants involved in corporate action events - No specific product part numbers, quantities, or material procurement involved; this is a regulatory and operational update only

Description

The Depository Trust Company (DTC) has filed a proposed rule change to amend its operational arrangements necessary for securities to become and remain eligible for DTC services. The amendments consolidate and update documentation for Agents processing Participant instructions for corporate action offers, elections, solicitations, or tabulations through DTC's Automated Tender Offer Program (ATOP) and Automated Subscription Offer Program (ASOP). The changes include new subsections detailing the process for becoming an ATOP/ASOP Agent and the eligibility criteria for offers processed through these programs. The proposal aims to streamline and clarify procedures for Agents and Participants involved in corporate action events.

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