Federal Register #SR-DTC-2026-012

SEC notice on DTC’s proposed Direct Registration System modernization

The SEC is seeking public comments on The Depository Trust Company’s proposed modernization of its Direct Registration System (DRS). - Government agency: U.S. Securities and Exchange Commission (SEC). - Proposal sponsor: The Depository Trust Company (DTC), which proposes updates to its Deposits Guide and Fee Guide. - Proposed DRS capabilities include processing through the DTCC Portal, APIs, and message queue-based messaging, with updated workflows for deposits, deliver orders, and withdrawals. - The proposal documents existing Profile Surety requirements, expands DTC Centralized Billing to collect and remit certain fees set by DRS Agents, and retires certain legacy processing methods. - This is a regulatory notice seeking comments, not a procurement or contract award. No products, quantities, OEMs, or purchase services are identified.

Description

The Depository Trust Company (DTC) proposes amendments to its Deposits Guide and Fee Guide as part of modernizing its Direct Registration System (DRS). The changes would describe DRS access and processing through the DTCC Portal, APIs, and MQ-based messaging, and document transaction workflows and existing Profile Surety requirements. They would also expand DTC Centralized Billing to collect and remit certain fees imposed by DRS Agents, with associated DTC collection charges. The proposal includes retiring certain legacy processing methods and is published to solicit comments on the proposed rule change.

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