Market regulation · 01/10/2013

OCC Submits Proposed Rule Change to Update By-Laws and Rules

The Options Clearing Corporation (OCC) has submitted a proposed rule change to the Securities and Exchange Commission (SEC) to update its by-laws and rules to reflect current operational practices, including the use of manual signatures, reduction of segregated long positions, and requirements for physical presence. The proposed changes aim to improve the efficiency and effectiveness of OCC's operations.