Covered Clearing Agency Resilience and Recovery and Orderly Wind-Down Plans
Abstract
The Securities and Exchange Commission ("Commission") is adopting amendments to certain rules in the Covered Clearing Agency Standards ("CCA Standards") under the Securities Exchange Act of 1934 ("Exchange Act") and the Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank Act"). The amendments strengthen existing rules by adding new requirements related to the collection of intraday margin by a covered clearing agency ("CCA") and the use of substantive inputs in its risk-based margin system. The Commission is also adopting a new rule to establish required elements of a CCA's recovery and orderly wind-down plan ("RWP").
Federal Register Source
This document is published by the Office of the Federal Register, National Archives and Records Administration. Access the full regulatory text, preamble, and docket comments below.
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Frequently Asked Questions
What is the 2024-25570 Federal Register document?
Document 2024-25570 is a Final Rule published by the Securities and Exchange Commission in the Federal Register on November 18, 2024, with an effective date of January 17, 2025. The Securities and Exchange Commission ("Commission") is adopting amendments to certain rules in the Covered Clearing Agency Standards ("CCA Standards") under the Securities Exchange Act of 1934 ("Exchange Act") and the Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank Act"). The amendments strengthen existing rules by adding new requirements related to the collection of intraday margin by a covered clearing agency ("CCA") and the use of substantive inputs in its risk-based margin system. The Commission is also adopting a new rule to establish required elements of a CCA's recovery and orderly wind-down plan ("RWP"). View the original at https://www.federalregister.gov/documents/2024/11/18/2024-25570/covered-clearing-agency-resilience-and-recovery-and-orderly-wind-down-plans.
Is document 2024-25570 an economically significant rule?
No. Document 2024-25570 is not classified as economically significant under Executive Order 12866. Economically significant rules require OIRA review and are estimated to have impacts of $100 million or more per year.