rule 17Ad-22

SEC Standards for Risk Management and Operations of Clearing Agencies

On October 22, the SEC adopted rule 17Ad-22 to establish standards for how registered clearing agencies should manage their risks and run their operations.  Among other things, the rule sets standards for measurement and management of credit exposures, margin requirements, financial resources, and margin model valuation.  The rule will be effective 60 days after publication in the Federal Register.  SEC Release.  Final Rule.