Market regulation · 23/10/2014

SEC Approves Proposed Rule Change by Fixed Income Clearing Corporation to Establish Early Unwind Intraday Charge

The Fixed Income Clearing Corporation (FICC) has received approval from the Securities and Exchange Commission (SEC) to amend its Government Securities Division rulebook, introducing an early unwind intraday charge for positions included in the Intraday Participant Clearing Fund Requirement, as well as hourly internal surveillance cycles.