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Market regulation · 27/09/2011Updated: 10/17/2026 · 1 min read

OCC Filing of Amendment to Proposed Rule Change for Auction Process in Liquidating Defaulting Clearing Members' Accounts

Summary

The Options Clearing Corporation (OCC) has filed an amendment to its proposed rule change, which would grant specific authority to use an auction process to liquidate a defaulting clearing member's accounts. The OCC is seeking to enhance its ability to manage defaulting members and maintain market stability.

Original source language: Federal Register — SECOpen original release →

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