Market regulation · 19/12/2012

SEC Approves Options Clearing Corporation's Rule Change for Over-the-Counter Options Clearance and Settlement

The U.S. Securities and Exchange Commission (SEC) has approved a proposed rule change by the Options Clearing Corporation (OCC) to enhance the clearance and settlement of over-the-counter (OTC) options, as modified by Amendment No. 1. The OCC also received a notice of no objection to an advance notice from the SEC, also modified by Amendment No. 1, regarding the same matter.