Notice2026-05846
Self-Regulatory Organizations; Fixed Income Clearing Corporation; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Make Corrections, Clarifications and Certain Other Changes to the GSD Rules, MBSD Rules, and EPN Rules
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
March 26, 2026
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 91 Issue 58 (Thursday, March 26, 2026)</title>
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[Federal Register Volume 91, Number 58 (Thursday, March 26, 2026)]
[Notices]
[Pages 14742-14746]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-05846]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-105065; File No. SR-FICC-2026-006]
Self-Regulatory Organizations; Fixed Income Clearing Corporation;
Notice of Filing and Immediate Effectiveness of Proposed Rule Change To
Make Corrections, Clarifications and Certain Other Changes to the GSD
Rules, MBSD Rules, and EPN Rules
March 23, 2026.
Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934
(``Act'') \1\ and Rule 19b-4 thereunder,\2\ notice is hereby given that
on March 17, 2026, Fixed Income Clearing Corporation (``FICC'') filed
with the Securities and Exchange Commission (``Commission'') the
proposed rule change as described in Items I, II and III below, which
Items have been prepared by the clearing agency. FICC filed the
proposed rule change pursuant to Section 19(b)(3)(A) of the Act \3\ and
Rule 19b-4(f)(4) thereunder.\4\ The Commission is publishing this
notice to solicit comments on the proposed rule change from interested
persons.
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\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ 15 U.S.C. 78s(b)(3)(A).
\4\ 17 CFR 240.19b-4(f)(4).
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I. Clearing Agency's Statement of the Terms of Substance of the
Proposed Rule Change
FICC is proposing to (i) make certain corrections and
clarifications in the Government Securities Division (``GSD'') Rulebook
(the ``GSD Rules''), Mortgage-Backed Securities Division (``MBSD'')
Clearing Rules (the ``MBSD Rules'') and MBSD EPN Rules (the ``EPN
Rules,'' and collectively with the GSD Rules and the MBSD Rules, the
``Rules'') \5\ and (ii) make certain changes to harmonize the language
in the GSD Rules, MBSD Rules and the EPN Rules with each other and with
the rules of FICC's two clearing agency affiliates, The Depository
Trust Company (``DTC'') and National Securities Clearing Corporation
(``NSCC'').
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\5\ Each capitalized term used herein and not otherwise defined
shall have the meaning set forth in the GSD Rules, MBSD Clearing
Rules or the EPN Rules, as applicable, available at <a href="http://www.dtcc.com/legal/rules-and-procedures">www.dtcc.com/legal/rules-and-procedures</a>.
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II. Clearing Agency's Statement of the Purpose of, and Statutory Basis
for, the Proposed Rule Change
In its filing with the Commission, the clearing agency included
statements concerning the purpose of and basis for the proposed rule
change and discussed any comments it received on the proposed rule
change. The text of these statements may be examined at the places
specified in Item IV below. The clearing agency has prepared summaries,
set forth in sections A, B, and C below, of the most significant
aspects of such statements.
(A) Clearing Agency's Statement of the Purpose of, and Statutory Basis
for, the Proposed Rule Change
1. Purpose
FICC is proposing to (i) make certain corrections and
clarifications in the Rules and (ii) make certain changes to harmonize
the language in the GSD Rules, MBSD Rules and the EPN Rules with each
other and with the rules of FICC's two clearing agency affiliates, DTC
and NSCC.
FICC has conducted a review of its Rules to improve transparency
and consistency and to harmonize language in its Rules with similar
language in the Rules, By-Laws and Organization Certificate of DTC
(``DTC Rules'') and the NSCC Rules & Procedures (``NSCC Rules'').\6\
DTC and NSCC have also conducted similar reviews of their respective
rulebooks. As a result of the reviews, FICC is proposing the following
changes to the Rules.
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\6\ Each capitalized term used herein and not otherwise defined
shall have the meaning set forth in the DTC Rules or the NSCC Rules,
as applicable, available at <a href="http://www.dtcc.com/legal/rules-and-procedures">www.dtcc.com/legal/rules-and-procedures</a>.
[[Page 14743]]
Proposed Changes to GSD Rules
------------------------------------------------------------------------
Rule Proposed changes
------------------------------------------------------------------------
GSD Rule 1................... Add the following defined terms to Rule 1
(Definitions) of the Rules which are
used in the Rules but are defined
elsewhere in the Rules:
Excess Capital Premium.
VaR Floor.
VaR Floor Percentage Amount.
Correct a link to the SIFMA MRA in the
definition of ``SIFMA MRA''.
Change the definition of ``Watch List''
to reflect an expanded scale used for
the Credit Risk Rating Matrix
(``CRRM''). The CRRM is currently based
on a scale of 1 through 7. The CRRM is
also currently calculated internally
using a more granular scale of 1 through
18 which corresponds to the current 1
through 7 scale (e.g., credit rating 6
on the current scale is equivalent to
credit ratings 12 and 13 on the more
granular scale). The proposed changes
would not change how Members are
analyzed with respect to the Watch List.
GSD Rule 3A.................. Correct duplicative section reference,
remove a reference to GSD Rule 31
(Distribution Facilities) which Rule no
longer references Distribution
Facilities and correct the title of GSD
Rule 42 (Extension, Waiver or Suspension
of Rules).
GSD Rule 3B.................. Remove the references to the
Enforceability Opinion and Insolvency
Opinion to add a more general reference
to opinions required by FICC for CCIT
Members similar to the more general
descriptions of opinion requirements for
other GSD membership types. FICC reviews
its opinion requirements for membership
periodically and may not always require
an enforceability or insolvency opinion
and may require other opinions that are
not listed in the GSD Rule.
Correct the name of the Federal Deposit
Insurance Corporation Improvement Act of
1991, remove a reference to Rule 31
(Distribution Facilities) which Rule no
longer references Distribution
Facilities and correct the title of GSD
Rule 42 (Extension, Waiver or Suspension
of Rules).
GSD Rule 4................... Remove ``Registered'' from ``Registered
Broker'' and ``Registered Dealer'' to
reflect the current defined terms for
Broker and Dealer.
GSD Rule 5................... Add ``Customer'' to ``Executing Firm'' in
two places to reflect that the provision
is referencing Executing Firm Customers.
GSD Rule 8................... Clarify that Agent Clearing Members
provide a representation that the
Executing Firm Customer has authorized
the Agent Clearing Member to submit
trade data rather than providing a copy
of the written authorization.
GSD Rule 13.................. Remove a reference to Section 3 which
Section had been previously removed and
correct the title of GSD Rule 42
(Extension, Waiver or Suspension of
Rules).
GSD Rule 22A................. Change the phrase ``Schedule for Deletion
of Trade Data Submitted to the
Comparison System'' to ``Schedule for
Deletion of Trade Data From the
Comparison System'' to match the
proposed changes to the name of that
schedule referenced below.
GSD Rule 22B................. Add a provision clarifying that in
accordance with Section 17 of Rule 3A
(Sponsoring Members and Sponsored
Members), Sponsored Members, in their
capacities as such, are Members for
purposes of Rule 22B (Corporation
Default).
GSD Rule 22C................. Correct the name of the Federal Deposit
Insurance Corporation Improvement Act of
1991.
GSD Rule 33.................. Remove the provision that Members shall
be given 10 Business Days' notice of any
proposed amendment to the Procedures to
harmonize the language with a similar
provision in NSCC Rule 33 (Procedures)
and DTC Rule 27 (Procedures). The
Procedures referenced in GSD Rule 33
(Procedures) are subject to the rule
change process applicable to FICC in its
capacity as a registered clearing agency
under Section 17A of the Act,\a\ and
self[dash]regulatory organization
subject to Section 19 of the Act.\b\
FICC believes that a separate
10[dash]Business Day notice requirement
is neither necessary nor practical
because Members already receive adequate
notice of any changes or proposed
changes to such Procedures through the
Act's rule change process. In this
context, the Procedures referenced in
GSD Rule 33 constitute ``rules'' of FICC
for purposes of the Act that would
require following the rule change
process under the Act to change.
GSD Rule 35.................. Revise the language to clarify the
process used by FICC relating to
financial reports and to harmonize with
similar language in MBSD Rule 26
(Financial Reports and Internal
Accounting Reports), EPN Article V Rule
5 (Financial Reports), DTC Rule 15
(Reports) and NSCC Rule 35 (Financial
Reports). These proposed changes are
consistent with certain changes being
proposed to MBSD Rule 26 and EPN Article
V Rule 5 described below as FICC uses
the same processes for GSD, MBSD and
EPN. In addition, the changes will be
consistent with language in NSCC Rule 35
\c\ and changes that DTC is in the
process of making to DTC Rule 15 as the
same processes are used by FICC, NSCC
and DTC with respect to financial
reports.
GSD Rule 36.................. Revise to reflect that Funds-Only
Settling Bank Members are entitled to
the notification and comment provisions
in the Rule in addition to Members.
GSD Rule 38.................. Remove unnecessary references to
Sponsoring Member, Sponsored Member and
CCIT Members as those members are
covered by the reference to ``Member.''
[[Page 14744]]
GSD Rule 39.................. Revise the Rule to clarify and to conform
to harmonize similar language in DTC
Rule 6 (Services), NSCC Rule 39
(Reliance on Instructions), NSCC Rule 58
(Limitations on Liability), and MBSD
Rule 30 (Limitations of Liability) to
reflect that the Cross Guaranty
Agreements contain obligations between
GSD and MBSD. The proposed changes
include (i) removing specific references
to the methods that are used to provide
information or instructions to FICC,
some of which are outdated, and (ii)
adding a provision stating that, with
respect to instructions given to FICC by
a Member or its Agent, FICC is not
responsible for the completeness or
accuracy and shall have no liability for
errors in the course of transmissions or
recording of any transmissions or which
may exist in any document or other media
delivered to FICC, which changes are
consistent with changes being proposed
to MBSD Rule 30 as described below and
consistent with language in DTC Rule 6,
NSCC Rule 39, and NSCC Rule 58. The
proposed changes also include (a) adding
a reference to the Cross Guaranty
Agreements with respect to liability
between the GSD and MBSD divisions and
(b) adding a provision stating that no
Member shall be entitled to set off
against any liability to FICC any
liability FICC may have to such Member
pursuant to GSD Rule 39, which proposed
changes are consistent with provisions
currently in MBSD Rule 30 and provisions
relating to set off in NSCC Rule 58.
GSD Rule 40.................. Capitalize ``transactions'' to reflect
the defined term.
GSD Rule 44.................. Use the correct title for the President
and Chief Executive Officer and remove
``of'' for improved readability.
GSD Rule 45.................. Revise the language to clarify the
process used by FICC relating to
notices, remove outdated language,
harmonize to similar language in MBSD
Rule 35 (Notices) consistent with
changes being proposed to MBSD Rule 35
(Notices) as described below as FICC
uses the same processes for GSD and
MBSD. Correct reference relating to
notices from GSD Rule 22 (Insolvency of
a Member) to GSD Rule 22A (Procedures
for When the Corporation Ceases to Act)
which contains notice provisions.
GSD Schedule of Timeframes... Add reference to A.M. Clearing Fund call
to reflect the commonly used name for
the deadline referenced.
GSD Schedule of GCF Repo Separate out the line item for the
Timeframes. beginning of the collateral allocation
process and provide a further
description of that process and separate
out the line item for the deadline for
Net Funds Payors to satisfy their cash
obligations for clarity.
GSD Schedule of Sponsored GC Create separate line items for times by
Trade Timeframes. which settlement output and margining
output is made available to Sponsoring
Members and clarify the descriptions of
those line items and remove
``requirements'' to be consistent with
similar language in the GSD Schedule of
Timeframes.
GSD Schedule for the Deletion Change the title to clarify that the data
of Trade Data. is being deleted from the Comparison
System. Revise the language to clarify
that trade data (including Yield
Comparison Trades) that have been
compared but are not eligible for
netting shall be deleted during the same
processing cycle which such comparison
has occurred. Remove the sentence
relating to notice of changes as the
schedule is subject to notice provisions
relating to rule changes (GSD Rule 36
(Rule Changes)) and to conform to other
schedules which do not have separate
notice provisions for changes.
GSD Schedule of Required Capitalize titles of items in schedule
Match Data. for consistency.
GSD Schedule of Required Data Capitalize titles of items in schedule
Submission Items. for consistency.
GSD Schedule of Required and Change title of schedule to reflect that
Other Data Submission Items the schedule refers to CCIT items to
for GCF Repo Transactions. reflect proposed language regarding CCIT
Transactions. Remove language that no
longer describes the GCF Repo
Transactions process and add language
relating to CCIT Transactions.
GSD Schedule of Money Add ``and at the end of the day'' and
Tolerances. ``applicable at end of day'' to clarify
that the line items are applicable at
the end of the day. Move the language
relating to Rule 10 (Enhanced Comparison
Processes Presumed Match Data) at the
end of the schedule to clarify it
applies to the entire schedule and
clarify that the schedule does not apply
to Netting-Eligible Auction Purchases,
GCF Repo Transactions, CCIT Transactions
and Sponsored GC Trades.
GSD Schedule of GC Comparable Make ``Federal Home Loan Bank'' plural to
Securities. reflect that there are multiple banks
and add the word ``Agent'' in footnote
to reflect the correct defined term for
a Sponsored GC Clearing Agent Bank.
GSD Fee Structure............ Change ``Non-Member'' to lower case to
reflect that it is not a defined term.
GSD Interpretive Guidance Add quotation marks around ``Master
With Respect To Settlement Account'' in two footnotes, remove a
Finality. duplicative reference link to location
of Operating Circular 1 in a footnote
and clarify that ``Transfer'' has the
meaning referenced in Operating Circular
7 for clarity and to harmonize language
with MBSD Interpretive Guidance With
Respect To Settlement Finality
consistent with certain changes being
proposed to the MBSD Interpretive
Guidance with Respect to Settlement
Finality described below.
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\a\ 15 U.S.C. 78q-1.
\b\ 15 U.S.C. 78s.
\c\ See Securities Exchange Act Release No. 104831 (Feb. 12, 2026), 91
FR 7567 (Feb. 18, 2026) (SR-NSCC-2026-002) (describes proposed changes
to NSCC Rules that have now been implemented including changes to NSCC
Rule 35).
[[Page 14745]]
Proposed Changes to MBSD Rules
------------------------------------------------------------------------
Rule Proposed changes
------------------------------------------------------------------------
MBSD Rule 1.................. Revise definition of ``Intraday Mark-to-
Market Charge'' to remove a reference to
subsection (c) of the definition which
subsection no longer contains parameter
adjustments.
Clarify the definitions of ``SBO'' and
``SBON'' and remove the definition of
``SBO Net Open Position'' to clarify the
meaning of those terms and to reflect
proposed changes being made to those
terms in MBSD Rule 6 (TBA Netting).
Change the definition of ``Watch List''
to reflect an expanded scale used for
the CRRM. The CRRM is currently based on
a scale of 1 through 7. The CRRM is also
currently calculated internally using a
more granular scale of 1 through 18
which corresponds to the current 1
through 7 scale (e.g., a credit rating
of 6 on the current scale is equivalent
to the credit ratings 12 and 13 on the
more granular scale). The proposed
changes would not change how Members are
analyzed with respect to the Watch List.
MBSD Rule 6.................. Clarify the language for the process
relating to SBO-Destined Trades that
cannot be offset.
MBSD Rule 14................. Add ``or'' to ``fine other charge'' as a
grammatical correction.
MBSD Rule 19................. Add dashes in ``time to time'' and add a
comma after ``Members'' for improved
readability.
MBSD Rule 22................. Replace the phrase ``The foregoing
notwithstanding'' with ``Notwithstanding
the foregoing'' for improved
readability.
MBSD Rule 26................. Revise the language to clarify the
process used by FICC relating to
financial reports and internal
accounting control reports and to
harmonize with similar language in GSD
Rule 35 (Financial Reports), EPN Article
V Rule 5 (Financial Reports), DTC Rule
15 (Reports) and NSCC Rule 35 (Financial
Reports). These proposed changes are
consistent with certain changes being
proposed to GSD Rule 35 described above
and EPN Article V Rule 5 described below
as FICC uses the same processes for GSD,
MBSD and EPN. In addition, the changes
will be consistent with language in NSCC
Rule 35 * and changes that DTC is in the
process of making to DTC Rule 15 as the
same processes are used by FICC, NSCC
and DTC with respect to financial
reports.
MBSD Rule 27................. Add comma after ``proposal'' to improve
readability.
MBSD Rule 29................. Replace ``from'' with ``by'' in the
phrase ``delivered to or from the
Corporation'' to improve readability.
MBSD Rule 30................. Revise the Rule to clarify and to conform
to harmonize similar language in DTC
Rule 6 (Services), NSCC Rule 39
(Reliance on Instructions), NSCC Rule 58
(Limitations on Liability) and GSD Rule
39 (Limitations of Liability). The
proposed changes include (i) removing
specific references to the methods that
are used to provide information or
instructions to FICC, some of which are
outdated, and (ii) adding a provision
stating that, with respect to
instructions given to FICC by a Member
or its Agent, FICC is not responsible
for the completeness or accuracy and
shall have no liability for errors in
the course of transmissions or recording
of any transmissions or which may exist
in any document or other media delivered
to FICC, which changes are consistent
with changes being proposed to GSD Rule
39 described above and consistent with
language in DTC Rule 6, NSCC Rule 39 and
NSCC Rule 58.
MBSD Rule 34................. Use the correct title for the President
and Chief Executive Officer, add a comma
and remove ``or'' for improved
readability.
MBSD Rule 35................. Revise the language to clarify the
process used by FICC relating to
notices, remove outdated language and to
conform to similar language in GSD Rule
45 (Notices) consistent with changes
being proposed to GSD Rule 45 as
described above as FICC uses the same
processes for GSD and MBSD.
MBSD Rule 36................. Revise the language to conform to similar
language in GSD Rule 46 (Interpretation
of Terms) as FICC uses the same
processes for GSD and MBSD.
MBSD Interpretative Guidance Revise the language to clarify the
With Respect to Settlement meaning of certain defined terms and to
Finality. harmonize with similar language in GSD
Interpretive Guidance with Respect to
Settlement Finality consistent with
certain changes being proposed to the
GSD Interpretive Guidance with Respect
to Settlement Finality described above.
------------------------------------------------------------------------
* See Securities Exchange Act Release No. 104831 (Feb. 12, 2026), 91 FR
7567 (Feb. 18, 2026) (SR-NSCC-2026-002) (describes proposed changes to
NSCC Rules that have now been implemented including changes to NSCC
Rule 35).
Proposed Changes to EPN Rules
------------------------------------------------------------------------
Rule Proposed changes
------------------------------------------------------------------------
EPN Article 1 Rule 1......... Add defined term ``SEC'' as that term is
used in the EPN Rules elsewhere and not
currently defined.
EPN Article III Rule 1....... Revise language relating to qualification
and approval of applicants to clarify
the approval process and requirements.
EPN Article V Rule 1......... Use the correct title for the President
and Chief Executive Officer.
EPN Article V Rule 5......... Revise the language to clarify the
process used by FICC relating to
financial reports and to conform to
similar language in GSD Rule 35
(Financial Reports), MBSD Rule 26
(Financial Reports and Internal
Accounting Control Reports), DTC Rule 15
(Reports) and NSCC Rule 35 (Financial
Reports). These proposed changes are
consistent with certain changes being
proposed to the GSD Rule 35 and MBSD
Rule 26 described above as FICC uses the
same processes for GSD, MBSD and EPN. In
addition, the changes will be consistent
with language in NSCC Rule 35 \t\ and
changes that DTC is in the process of
making to DTC Rule 15 as the same
processes are used by FICC, NSCC and DTC
with respect to financial reports.
EPN Article V Rule 6......... Use the defined term ``SEC'' proposed to
be added in EPN Article 1, Rule 1
(Definitions) for Securities and
Exchange Commission.
EPN Article V Rule 9......... Replace ``from'' with ``by'' in the
phrase ``delivered to or from the
Corporation'' to improve readability.
EPN Article V Rule 10........ Use the defined term ``SEC'' proposed to
be added in EPN Article 1, Rule 1
(Definitions) for Securities and
Exchange Commission.
[[Page 14746]]
EPN Article V Rule 16........ Revise the language to clarify the
process used by FICC relating to
notices, remove outdated language, and
to conform to similar language in GSD
Rule 45 (Notices) and MBSD Rule 35
(Notices) as FICC uses the same
processes for EPN, GSD and MBSD.
------------------------------------------------------------------------
\t\ See Securities Exchange Act Release No. 104831 (Feb. 12, 2026), 91
FR 7567 (Feb. 18, 2026) (SR-NSCC-2026-002) (describes proposed changes
to NSCC Rules that have now been implemented including changes to NSCC
Rule 35).
2. Statutory Basis
Section 17A(b)(3)(F) of the Act requires, in part, that the Rules
be designed to promote the prompt and accurate clearance and settlement
of securities transactions.\7\
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\7\ 15 U.S.C. 78q-1(b)(3)(F).
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FICC believes that the proposed changes to (i) correct or clarify
language in the Rules, and (ii) harmonize the language in the GSD
Rules, MBSD Rules and the EPN Rules with each other and with the
rulebooks of FICC's two clearing agency affiliates, DTC and NSCC, are
consistent with Section 17(A)(b)(3)(F) of the Act \8\ because such
changes would enhance the clarity and transparency of the Rules. By
enhancing the clarity and transparency of the Rules, the proposed
changes would allow Members to more efficiently and effectively conduct
their business in accordance with the Rules, which FICC believes would
promote the prompt and accurate clearance and settlement of securities
transactions. As such, FICC believes that the proposed changes would be
consistent with Section 17A(b)(3)(F) of the Act.\9\
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\8\ Id.
\9\ Id.
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(B) Clearing Agency's Statement on Burden on Competition
FICC does not believe the proposed rule changes would impact
competition. The proposed rule changes described above would merely
enhance the clarity and transparency of the Rules and would not
significantly affect FICC's operations or the rights and obligations of
the membership. As such, FICC believes the proposed rule changes would
not have any impact on competition and would be consistent with Section
17A(b)(3)(I) of the Act.\10\
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\10\ 15 U.S.C. 78q-1(b)(3)(I).
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(C) Clearing Agency's Statement on Comments on the Proposed Rule Change
Received From Members, Participants, or Others
FICC has not received or solicited any written comments relating to
this proposal. If any written comments are received by FICC, they will
be publicly filed as an Exhibit 2 to this filing, as required by Form
19b-4 and the General Instructions thereto.
Persons submitting comments are cautioned that, according to
Section IV (Solicitation of Comments) of the Exhibit 1A in the General
Instructions to Form 19b-4, the Commission does not edit personal
identifying information from comment submissions. Commenters should
submit only information that they wish to make available publicly,
including their name, email address, and any other identifying
information.
All prospective commenters should follow the Commission's
instructions on how to submit comments, available at <a href="http://www.sec.gov/rules-regulations/how-submit-comment">www.sec.gov/rules-regulations/how-submit-comment</a>. General questions regarding the rule
filing process or logistical questions regarding this filing should be
directed to the Main Office of the Commission's Division of Trading and
Markets at <a href="/cdn-cgi/l/email-protection#67131506030e09000609030a06150c0213142714020449000811"><span class="__cf_email__" data-cfemail="790d0b181d10171e18171d14180b121c0d0a390a1c1a571e160f">[email protected]</span></a> or 202-551-5777.
FICC reserves the right to not respond to any comments received.
III. Date of Effectiveness of the Proposed Rule Change, and Timing for
Commission Action
The foregoing rule change has become effective pursuant to Section
19(b)(3)(A) \11\ of the Act and paragraph (f) of Rule 19b-4
thereunder.\12\ At any time within 60 days of the filing of the
proposed rule change, the Commission summarily may temporarily suspend
such rule change if it appears to the Commission that such action is
necessary or appropriate in the public interest, for the protection of
investors, or otherwise in furtherance of the purposes of the Act. If
the Commission takes such action, the Commission will institute
proceedings to determine whether the proposed rule change should be
approved or disapproved.
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\11\ 15 U.S.C. 78s(b)(3)(A).
\12\ 17 CFR 240.19b-4(f).
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IV. Solicitation of Comments
Interested persons are invited to submit written data, views and
arguments concerning the foregoing, including whether the proposed rule
change is consistent with the Act. Comments may be submitted by any of
the following methods:
Electronic Comments
<bullet> Use the Commission's internet comment form (<a href="https://www.sec.gov/rules/sro.shtml">https://www.sec.gov/rules/sro.shtml</a>); or
<bullet> Send an email to <a href="/cdn-cgi/l/email-protection#6c1e190009410f0301010902181f2c1f090f420b031a"><span class="__cf_email__" data-cfemail="a7d5d2cbc28ac4c8cacac2c9d3d4e7d4c2c489c0c8d1">[email protected]</span></a>. Please include
File Number SR-FICC-2026-006 on the subject line.
Paper Comments
<bullet> Send paper comments in triplicate to Secretary, Securities
and Exchange Commission, 100 F Street NE, Washington, DC 20549.
All submissions should refer to File Number SR-FICC-2026-006. This file
number should be included on the subject line if email is used. To help
the Commission process and review your comments more efficiently,
please use only one method. The Commission will post all comments on
the Commission's internet website (<a href="http://www.sec.gov/rules/sro.shtml">www.sec.gov/rules/sro.shtml</a>). Copies
of the filing will be available for inspection and copying at the
principal office of FICC and on DTCC's website (<a href="http://www.dtcc.com/legal/sec-rule-filings">www.dtcc.com/legal/sec-rule-filings</a>). Do not include personal identifiable information in
submissions; you should submit only information that you wish to make
available publicly. We may redact in part or withhold entirely from
publication submitted material that is obscene or subject to copyright
protection. All submissions should refer to File Number SR-FICC-2026-
006 and should be submitted on or before April 16, 2026.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\13\
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\13\ 17 CFR 200.30-3(a)(12).
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Vanessa A. Countryman,
Secretary.
[FR Doc. 2026-05846 Filed 3-25-26; 8:45 am]
BILLING CODE 8011-01-P
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