Federal Register #SRICC2026004

SEC Notice: Proposed Amendments to ICE Clear Credit LLC Operational Risk Management Framework

This opportunity concerns a regulatory notice from the Securities and Exchange Commission (SEC) regarding ICE Clear Credit LLC: - Government Buyer: - Securities and Exchange Commission (SEC) - OEM/Vendor Mentioned: - ICE Clear Credit LLC - Scope of Notice: - Proposed amendments to ICE Clear Credit LLC's Operational Risk Management Framework (ORMF) - Enhancements to operational risk controls and clarification of governance practices - Updates to terminology, operational risk lifecycle, and risk assessment, management, and reporting processes - Aimed at improving the clearance and settlement of securities transactions and derivative agreements - Notable Requirements: - No procurement of products or services is requested - The notice is focused on regulatory and procedural changes - Public comments are solicited on the proposed rule change - OEM Highlight: - ICE Clear Credit LLC is the only OEM/vendor referenced

Description

The Securities and Exchange Commission has filed a proposed rule change by ICE Clear Credit LLC concerning the operational risk management framework. The filing includes amendments to the existing rules to enhance operational risk controls. The proposed revisions clarify and update the operational risk lifecycle, including terminology changes and governance practices, to improve risk assessment, management, and reporting. These changes aim to facilitate the prompt and accurate clearance and settlement of securities transactions and derivative agreements for which ICE Clear Credit LLC is responsible.

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