Federal Register #SR-FICC-2026-010

SEC notice on FICC’s proposed amendments to the shared Clearing Agency Risk Management Framework

This SEC notice concerns proposed updates to a shared clearing-agency risk framework, not a purchase of goods or services. - Government agency: The Securities and Exchange Commission (SEC) issued the notice; no government purchasing office or procurement buyer is identified. - Organizations named: Fixed Income Clearing Corporation (FICC), The Depository Trust Company (DTC), and National Securities Clearing Corporation (NSCC) share the Risk Management Framework addressed by the notice. - Requested changes: FICC proposes to reorganize and clarify the Framework, describe how it supports compliance with SEC Rules 17ad-25(j) and 17ad-26, add information about the Clearing Agency Framework for Certain Requirements on Governance and Conflicts of Interests, and make related clarifying and conforming updates. - Notable point: The notice says the changes would not alter how the clearing agencies comply with SEC Rule 17ad-22(e). The filing is effective upon submission, and the SEC is inviting public comments. - OEMs and procurement items: No OEMs, vendors, products, services, quantities, or part numbers are identified.

Description

Fixed Income Clearing Corporation (FICC) proposes amendments to the Risk Management Framework shared by FICC, The Depository Trust Company, and National Securities Clearing Corporation. The changes would reorganize and clarify sections to align with internal governance requirements, update descriptions of compliance with SEC Rules 17ad-25(j) and 17ad-26, and add a description of the framework addressing governance and conflicts of interest. The filing also includes clarifying, conforming, and administrative updates that the notice says do not alter how the clearing agencies comply with Rule 17ad-22(e). The proposed rule change became effective upon filing, and the SEC is soliciting comments.

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