Federal Register #SRCMESC2026003

SEC Approves CME Securities Clearing Inc. Enterprise Risk Management Framework

This notice concerns the SEC's approval of CME Securities Clearing Inc.'s new Enterprise Risk Management Framework (ERMF): - Government buyer: Securities and Exchange Commission (SEC), Division of Trading and Markets - OEM/vendor mentioned: CME Securities Clearing Inc. (CMESC) - No products or commercial services are being procured; this is a regulatory approval of an internal risk management framework - ERMF features: - Governance structure for risk management - Classification of risk universe - Comprehensive risk lifecycle: risk appetite, risk tolerance, risk assessment, risk response, and risk monitoring - No part numbers, purchase quantities, or procurement-specific requirements are included - Additional context: Cboe EDGX Exchange, Inc. proposed a fee schedule amendment for Open-Close Data products, but this is not a procurement action

Description

The Securities and Exchange Commission has approved a proposed rule change by CME Securities Clearing Inc. to establish an Enterprise Risk Management Framework. This framework aims to enhance the risk management practices of CME Securities Clearing Inc., a self-regulatory organization. The framework includes governance provisions, a risk universe classification, and a risk management lifecycle covering risk appetite, tolerance, assessment, response, and monitoring. The rule change is intended to promote the prompt and accurate clearance and settlement of securities transactions and assure the safeguarding of securities and funds under CME Securities Clearing Inc.'s control.

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