Federal Register #SR-LCH SA-2026-004

SEC Notice of Proposed Rule Change for LCH SA Liquidity Plan

This notice from the United States Securities and Exchange Commission (SEC) concerns a proposed rule change by LCH SA regarding its Liquidity Plan. - Government Buyer: - United States Securities and Exchange Commission (SEC) - LCH SA (self-regulatory organization, subject of the rule change) - OEMs and Vendors: - LCH SA (no other OEMs or vendors mentioned) - Products/Services Requested: - Liquidity management, testing, and replenishment services as described in the Liquidity Plan - Annual testing with liquidity providers - Due diligence on liquidity providers - Compliance with SEC regulations (Rule 17ad22(e)(7), Section 17A of the Securities Exchange Act) - Unique or Notable Requirements: - Use of cash margin collateral, ECB-eligible securities, central bank credit lines, and repo transactions for liquidity - Equal application of requirements to all members - Measures to minimize competitive impact - Public comment period for the proposed rule change - No specific product part numbers, quantities, or additional OEMs are identified in this notice.

Description

The Securities and Exchange Commission has filed a proposed rule change related to the LCH SA Liquidity Plan. This notice details the filing of the proposed rule change by LCH SA regarding its liquidity plan, including the mechanisms for liquidity management, testing, and replenishment during default scenarios. The proposal aims to ensure compliance with relevant regulations and to maintain sufficient liquid resources to meet payment obligations under stress scenarios. The notice invites public comments on the proposed rule change.

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