Federal Register #SR-FICC-2026-009

SEC Notice: FICC Rule Change on Regulatory Data Requests and Indemnification

This opportunity concerns a proposed rule change by the Fixed Income Clearing Corporation (FICC), as published by the Securities and Exchange Commission (SEC): - Government Buyer: - Securities and Exchange Commission (SEC) - Rule change filed by Fixed Income Clearing Corporation (FICC) - OEMs and Vendors: - Fixed Income Clearing Corporation (FICC) is the only organization mentioned - Products/Services Requested: - No physical products or specific purchase quantities are requested - Service requirement: Netting Members must provide data or information upon request to support FICC's regulatory reporting obligations - Indemnification: Netting Members must indemnify FICC for losses, liabilities, expenses, or legal actions resulting from incomplete or inaccurate information provided - Unique/Notable Requirements: - Focus on compliance and information provision for regulatory reporting (e.g., to the Federal Reserve Bank of New York and the U.S. Department of the Treasury's TIC System) - Emphasis on indemnification to protect FICC from liabilities related to data reporting - No mention of contract vehicles, products, or traditional procurement items

Description

The Fixed Income Clearing Corporation (FICC) filed a proposed rule change with the Securities and Exchange Commission (SEC) regarding modifications to regulatory information requests and indemnification procedures for reported data. The rule change requires Netting Members to provide data or other information upon request to support FICC's regulatory obligations and to indemnify FICC for any losses arising from incomplete or inaccurate information provided. The change aims to improve FICC's ability to comply with regulatory reporting requirements and protect it from liabilities related to data reporting.

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