Federal Register #SR-NSCC-2026-010

SEC notice on proposed updates to NSCC’s shared clearing agency risk management framework

This SEC notice concerns proposed updates to the risk management framework shared by NSCC, DTC, and FICC; it is not a procurement opportunity. - Government agency: U.S. Securities and Exchange Commission (SEC), which published the notice and is inviting public comments. - Organizations named: National Securities Clearing Corporation (NSCC), which filed the proposed rule change; The Depository Trust Company (DTC) and Fixed Income Clearing Corporation (FICC), which share the framework with NSCC. - Proposed updates: Reorganize sections to align with internal governance guidelines; clarify the framework’s relationship to SEC Rules 17ad-25(j) and 17ad-26; describe the Clearing Agency Framework for Certain Requirements on Governance and Conflicts of Interests; and make additional clarifying, conforming, and administrative edits. - Procurement scope: No products, services, quantities, or part numbers are requested. No OEMs or commercial vendors are identified.

Description

The notice concerns a proposed rule change filed by National Securities Clearing Corporation (NSCC) to amend the Clearing Agency Risk Management Framework shared by NSCC, The Depository Trust Company, and Fixed Income Clearing Corporation. The changes would reorganize and clarify the framework, update descriptions of how it supports compliance with specified SEC rules, add a description of a governance and conflicts-of-interest framework, and make clarifying and administrative updates. The SEC is soliciting comments on the proposed rule change; comments are due October 23, 2026.

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