Regulation & law · 27/12/2022

SEC Approves Proposed Rule Changes by FICC, DTCC, and NSC to Enhance Liquidity Risk Management

The SEC has granted proposed rule changes by the Fixed Income Clearing Corporation (FICC), The Depository Trust Company (DTCC), and National Securities Corporation (NSC) to update their liquidity risk management frameworks, including a new section on designating uncommitted resources as qualifying liquid resources.