Opportunity
Federal Register #2026-13362
SEC Notice: DTC Proposed Amendments to Redemptions Service Guide and Operational Arrangements
Buyer
Securities and Exchange Commission
Posted
July 02, 2026
Respond By
July 23, 2026
Identifier
2026-13362
NAICS
523999
This notice concerns a proposed rule change by The Depository Trust Company (DTC), published by the Securities and Exchange Commission (SEC), regarding updates to DTC's Redemptions Service Guide and Operational Arrangements. - Government Buyer: - Securities and Exchange Commission (SEC) - OEM/Vendor: - The Depository Trust Company (DTC) - Key Details: - The amendments update the Payment without Presentation (PWP) process, eliminating the need for physical certificate presentment and related documents for eligible redemption and maturity events. - Participation in the PWP process would become mandatory for agents, with limited opt-out provisions. - The rule change codifies the process for agents to receive automated notifications and establishes protocols for the retention and destruction of physical certificates. - These changes are intended to streamline and modernize DTC's operational procedures for securities redemptions. - No specific products or services are being procured; this is a regulatory notice about operational rule changes. - DTC is the only OEM/vendor mentioned; no other vendors or competitors are referenced.
Description
The Depository Trust Company (DTC) has filed a proposed rule change with the Securities and Exchange Commission to amend the Redemptions Service Guide and the Operational Arrangements. The amendments aim to update the Payment without Presentation (PWP) process, eliminating the need for physical certificate presentment and related documents for eligible redemption and maturity events. The changes include making participation in the PWP process mandatory with opt-out provisions, codifying automated notification processes, and establishing retention and destruction protocols for physical certificates. These updates are intended to reduce operational risk, cost, and delays, while promoting prompt and accurate clearance and settlement of securities transactions.