BN Business News
Add your company to Business Communicator →

Market regulation · 25/11/2014Updated: 10/17/2026 · 1 min read

National Securities Clearing Corporation Filing Clarifies Federal Reserve Banks' Role in Clearing Process

Summary

The National Securities Clearing Corporation has filed a proposed rule change with the SEC to clarify that Federal Reserve Banks, central counterparties, and central securities deposits shall not be considered mandatory or voluntary purchaser participants in the clearing process.

Original source language: Federal Register — SECOpen original release →

Explore insights

Business insights →