This partial amendment would correct a misquote in the initial filing on pg. 33 and 85.
Provided Exhibit 1A to Partial Amendment No. 1 to update the percentage referenced in the quote from 100% to 110% to accurately reflect the quoted information.
Amendment would not change purpose of or statutory basis for proposed rule change.
Comments should be submitted within 21 days of publication in the federal register.
On Apr. 16, OpCC proposed rules on recovery and wind-down plans.
OpCC proposed rule change to amend their recovery, orderly wind-down (RWD) plan.
In order to comply with new SEC RWD rule for covered clearing agencies, #173075.
Proposed Plan Updates
Amends RWD plan to address requirements of Rule 17ad-26 (17 CFR 240.17ad-26).
Including how OpCC would continue core services in event of a recovery or wind-down.
Process to monitor criteria that could trigger implementation of recovery or wind-down
Approach for testing its ability to implement the RWD Plan at least every 12 months.
Revises Tier 1 Vendor List and sections re interconnectedness with third-parties.
Further modifications to reflect changes identified during OpCC’s annual review process
Including updates to align sections with existing organizational structure; updated terms and definitions; incorporate updated information re capital management policy.
Consultation
Comments should be submitted within 21 days of publication in the federal register.
This partial amendment would correct a misquote in the initial filing on pg. 33 and 85.
Provided Exhibit 1A to Partial Amendment No. 1 to update the percentage referenced in the quote from 100% to 110% to accurately reflect the quoted information.
Amendment would not change purpose of or statutory basis for proposed rule change.
Comments should be submitted within 21 days of publication in the federal register.
