Federal Register #SR-NSCC-2026-012

SEC notice on proposed NSCC ETF transaction reasonability-check rules

The SEC notice concerns proposed NSCC rules for reviewing ETF creation and redemption transactions; it is not a procurement or award. - Government agency: Securities and Exchange Commission (SEC). - Organizations named: National Securities Clearing Corporation (NSCC), which filed the proposed rule change, and DTCC, referenced as the host of NSCC rule filings. - Proposed changes would include NSCC-member authorized participants in automated reasonability checks for ETF transactions. - Index Receipt Agents and authorized participants would need to receive NSCC notifications, maintain authorized approvers, and provide written confirmations with supporting information about transaction validity. - No products, services, quantities, part numbers, OEMs, or vendors are being solicited.

Description

The notice concerns proposed amendments to National Securities Clearing Corporation (NSCC) Rules to enhance automated reasonability checks for ETF creation and redemption transactions. The changes would include NSCC-member authorized participants in the review process and clarify notification, authorized-contact, and confirmation requirements for Index Receipt Agents and authorized participants. Confirmations would be provided by authorized approvers in writing with supporting information explaining transaction validity. The SEC notice invites comments on the proposed rule change.

View original listing