Clearance and Settlement Content

On February 21, 2025, ICI submitted a letter, to Acting Chairman Mark T. Uyeda of the Securities and Exchange Commission to request that the Commission extend the various compliance dates under the Treasury Clearing Rule, including by a minimum of 24 months (i.e., an extension to at...

On 12 February, the European Commission (EC) introduced a legislative proposal with an amendment to the Central Securities Depository Regulation to support the shortening of the settlement cycle in the European Union from two days after the trade date (T+2) to one day after the trade...

The Investment Company Institute submitted its views on the Accelerated Settlement Taskforce Technical Group’s draft recommendations and report. The Report sets forth draft operational recommendations to facilitate the UK’s move to shorten its settlement cycle, focusing on the...

On 27 September, the United Kingdom Accelerated Settlement Taskforce Technical Group published a consultation report, with draft operational recommendations to facilitate the UK's move to shorten its settlement cycle from two days after the trade date (T+2) to one day (T+1).

As required by the Financial Data Transparency Act of 2022, several federal financial regulators, including the SEC, published a proposal to establish joint data standards. The purpose of the Proposal is to promote the interoperability of financial regulatory data across the Agencies.

ICI has filed a comment letter to the SEC on FICC's proposed rule change to modify its GSD Rules relating to the adoption of a trade submission requirement.

Late last year, the Securities and Exchange Commission adopted final rules under the Securities Exchange Act of 1934 to improve the governance of clearing agencies registered with the Commission by reducing the likelihood of that conflicts of interest may influence the board of...