Federal Register #SR-ICC-2026-009

SEC Notice: ICE Clear Credit LLC Recovery/Wind-Down Plan Revisions & Cboe C2 Exchange Fee Amendment

This notice from the Securities and Exchange Commission (SEC) concerns proposed rule changes by ICE Clear Credit LLC and Cboe C2 Exchange, Inc. - Government Buyer: - Securities and Exchange Commission (SEC), Division of Trading and Markets - OEMs and Vendors: - ICE Clear Credit LLC (ICC) - Cboe C2 Exchange, Inc. - Products/Services Requested: - Revision of ICC's Recovery Plan to include U.S. Treasury securities clearing services, updated governance, risk management, and operational procedures - Revision of ICC's Wind-Down Plan for expanded services and improved clarity - Amendment to Cboe C2 Exchange Rule 6.5, reducing catastrophic error review fees from $5,000 to $500 at appeal stage - Unique or Notable Requirements: - Incorporation of Treasury clearing services into ICC's recovery and wind-down plans - Enhanced governance, financial resources, and operational procedures for effective recovery and orderly wind-down - Significant fee reduction for catastrophic error reviews at Cboe C2 Exchange - No specific products, part numbers, or purchase quantities are listed; this is a regulatory change notice, not a procurement opportunity.

Description

This notice pertains to the filing of proposed rule changes by ICE Clear Credit LLC related to its recovery and wind-down plans. The revisions aim to update and clarify the recovery and wind-down processes for the CDS and Treasury clearing services, including staffing, financial resources, contractual arrangements, and governance. The changes are intended to enhance the ability to effectuate a successful recovery or orderly wind-down with minimal disruption to the marketplace and stakeholders. The filing is made with the Securities and Exchange Commission and invites public comments.

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