Federal Register #SR-CMESC-2026-006

SEC Notice: Proposed Amendments to CME Securities Clearing Inc. Stress Testing & Guaranty Fund Sizing Policy and Rule 402(b)

This notice from the Securities and Exchange Commission (SEC) concerns proposed amendments to CME Securities Clearing Inc.'s Stress Testing & Guaranty Fund Sizing Policy and Rule 402(b). - Regulatory context: - SEC is soliciting public comments on rule changes proposed by CME Securities Clearing Inc. (CMESC) - Key amendments: - Clarifies stress testing methodology, including use of historical and hypothetical scenarios for credit and liquidity stress testing - Details rationale and methodology for sizing the Guaranty Fund - Explains dual-component allocation for Member contributions based on tail risk and gross notional exposure - No procurement activity: - No products, OEMs, or purchase quantities are requested - This is a regulatory notice, not a solicitation for goods or services - Notable requirements: - Focus on transparency and detail in risk management policies for clearing members - Public comment period for stakeholders to provide input

Description

This notice announces proposed amendments by CME Securities Clearing Inc. to its Stress Testing & Guaranty Fund Sizing Policy and Rule 402(b). The amendments aim to provide more detail on stress testing scenarios, clarify the methodology for sizing the Guaranty Fund, and explain the allocation of Member contributions. The Securities and Exchange Commission (SEC) is soliciting public comments on these proposed rule changes.

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