Federal Register #SRICC2026-004

SEC Approval of ICE Clear Credit LLC Rule Change for Operational Risk Management Framework

This SEC order concerns a rule change for ICE Clear Credit LLC's Operational Risk Management Framework (ORMF), not a procurement opportunity. - ICE Clear Credit LLC (ICC), a subsidiary of Intercontinental Exchange, Inc., is the subject of the rule change - The rule change updates terminology and clarifies risk-related processes within ICC's ORMF - Substantive changes include: - Enhanced oversight and clearer lines of responsibility - Alignment with ICC's Enterprise Risk Management Policy - Expanded applicability to Treasury clearing - Oversight improvements involve the Operational Oversight Committee and Board Risk Committee - Requirements focus on transparency and operational risk management - No products, services, OEMs, or vendors are being procured or referenced

Description

The Securities and Exchange Commission (SEC) has approved a proposed rule change by ICE Clear Credit LLC (ICC) related to its Operational Risk Management Framework (ORMF). The changes include terminology updates to clarify risk-related processes, substantive changes to oversight and lines of responsibility, and alignment with other ICC policies. The ORMF revisions aim to enhance transparency, oversight, and operational risk management to support ICC's clearing activities, including Credit Default Swap and Treasury clearing.

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