SEC to Review Proposed Rule Change by Fixed Income Clearing Corporation to Update Foreign to U.S. Classification of Non-U.S. Banks' U.S. Branches or Agencies

Summary

The Fixed Income Clearing Corporation has filed a proposed rule change with the SEC to reclassify U.S. branches or agencies of non-U.S. banks from foreign to U.S. members, affecting the Government Securities Division and Mortgage-Backed Securities Division.