FICC Rulemaking 2020
We encourage the public to submit comments on the following Fixed Income Clearing Corporation (FICC; formerly Government Securities Clearing Corp.) filings during the comment period. For detailed instructions, please read How to Submit Comments. We strongly encourage you to send your comments electronically. They will be posted on this website.
Chronological List
Fourth Quarter |
Third Quarter |
Second Quarter |
First Quarter
FICC Rulemaking File Number List for 2020
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Chronological List for 2020
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| Release No. | Date | Details |
|---|---|---|
| Fourth Quarter | ||
| SR-FICC-2020-017 | ||
| 34-90794 | Dec. 23, 2020 | Notice of Designation of Longer Period for Commission Action and Longer Period for Comment on Proposed Rule Change to Modify the Calculation of the MBSD VaR Floor to Incorporate a Minimum Margin Amount
Comments due: January 29, 2021 Comments received are available for this proposal. See also: SR-FICC-2020-804 |
| SR-FICC-2020-018 | ||
| 34-90649 | Dec. 11, 2020 | Notice of Filings and Immediate Effectiveness of Proposed Rule Changes to Amend the Clearing Agencies Liquidity Risk Management Framework
Comments due: January 7, 2021 Additional Materials: Exhibit 5 Additional File Nos.: SR-DTC-2020-018, SR-NSCC-2020-021 |
| SR-FICC-2020-016 | ||
| 34-90626 | Dec. 10, 2020 | Notice of Filings and Immediate Effectiveness of Proposed Rule Changes to Amend the Clearing Agency Operational Risk Management Framework
Comments due: January 6, 2021 Additional File Nos.: SR-DTC-2020-015, SR-NSCC-2020-019 |
| SR-FICC-2020-017 | ||
| 34-90568 | Dec. 4, 2020 | Notice of Filing of Proposed Rule Change to Modify the Calculation of the MBSD VaR Floor to Incorporate a Minimum Margin Amount
Comments due: December 31, 2020 Additional Materials: Exhibit 5 Comments received are available for this proposal. |
| SR-FICC-2020-015 | ||
| 34-90551 | Dec. 2, 2020 | Notice of Filing of Proposed Rule Change to Include Same-Day Settling Trades in the Risk Management, Novation, Guarantee, and Settlement Services of the Government Securities Division's Delivery-Versus-Payment Service, and Make Other Changes
Comments due: December 29, 2020 Additional Materials: Exhibit 5 |
| SR-FICC-2020-014 | ||
| 34-90544 | Dec. 1, 2020 | Notice of Filing and Immediate Effectiveness of a Proposed Rule Change, as Modified by Amendment No. 1, to Modify the Clearance Maintenance Fee, Reduce the End of Day Position Fee of the Government Securities Division, and Describe the Current Rebate Policy
Comments due: December 28, 2020 Additional Materials: Exhibit 5 Comments received are available for this proposal. |
| SR-FICC-2020-013 | ||
| 34-90386 | Nov. 10, 2020 | Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Amend the Government Securities Division Rulebook to Add a Pre-payment Assessment and Certain Credits in Connection with a New Service, Which Has Not Yet Been Proposed for and Would Be Subject to Regulatory Approval
Comments due: December 8, 2020 Additional Materials: Exhibit 3, Exhibit 5 |
| SR-FICC-2020-012 | ||
| 34-90322 | Nov. 3, 2020 | Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Amend the Government Securities Division Rulebook to Clarify Which Funds-Only Settlement Payments and Underlying Marks Are Applicable to Certain Transactions, and Make Other Changes
Comments due: November 30, 2020 Additional Materials: Exhibit 5 |
| SR-FICC-2020-009 | ||
| 34-90182 | Oct. 14, 2020 | Notice of Filing of Amendment No. 2 and Order Granting Accelerated Approval of a Proposed Rule Change, as Modified by Amendment Nos. 1 and 2, to Introduce the Margin Liquidity Adjustment Charge and Include a Bid-Ask Charge in the VaR Charges
Comments due: November 10, 2020 |
| SR-FICC-2020-010 | ||
| 34-90101 | Oct. 6, 2020 | Order Approving a Proposed Rule Change to Describe Key Components of the Mortgage-Backed Securities Division Stress Testing Program |
| SR-FICC-2020-009 | ||
| 34-90083 | Oct. 2, 2020 | Self-Regulatory Organizations; Fixed Income Clearing Corporation; Designation of Longer Period for Commission Action on a Proposed Rule Change, as Modified by Amendment No. 1, to Introduce the Margin Liquidity Adjustment Charge and Include a Bid-Ask Charge in the VaR Charges |
| Third Quarter | ||
| SR-FICC-2020-011 | ||
| 34-89631 | Aug. 21, 2020 | Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Clarify the Government Securities Division Schedule of Timeframes and Schedule of GCF Repo® Timeframes and Make Other Changes
Comments due: September 17, 2020 Additional Materials: Exhibit 5 |
| SR-FICC-2020-010 | ||
| 34-89616 | Aug. 19, 2020 | Notice of Filing of Proposed Rule Change to Describe Key Components of the Mortgage-Backed Securities Division Stress Testing Program
Comments due: September 15, 2020 Additional Materials: Exhibit 5 |
| SR-FICC-2020-006 | ||
| 34-89593 | Aug. 18, 2020 | Order Approving Proposed Rule Change to Provide for a Passive Acknowledgement Process and Make Other Changes |
| SR-FICC-2020-009 | ||
| 34-89560 | Aug. 14, 2020 | Notice of Filing of Proposed Rule Change, as Modified by Amendment No. 1, to Introduce the Margin Liquidity Adjustment Charge and Include a Bid-Ask Risk Charge in the VaR Charges
Comments due: September 10, 2020 Additional Materials: Exhibit 3, Exhibit 5 Comments received are available for this proposal. |
| SR-FICC-2020-008 | ||
| 34-89363 | Jul. 21, 2020 | Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Revise the Clearing Agency Policy on Capital Requirements
Comments due: August 17, 2020 Additional Materials: Exhibit 5 |
| SR-FICC-2020-007 | ||
| 34-89270 | Jul. 9, 2020 | Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Amend the Clearing Agency Risk Management Framework
Comments due: August 5, 2020. Additional Materials: Exhibit 5 |
| Second Quarter | ||
| SR-FICC-2020-006 | ||
| 34-89193 | Jun. 30, 2020 | Notice of Filing of Proposed Rule Change to Provide for a Passive Acknowledgement Process and Make Other Changes
Comments due: 21 days after publication in the Federal Register Additional Materials: Exhibit 5 |
| SR-FICC-2020-004 | ||
| 34-88911 | May 20, 2020 | Order Approving a Proposed Rule Change to Modify the Clearing Agency Model Risk Management Framework
Additional File Nos.: SR-DTC-2020-008, SR-NSCC-2020-008 |
| SR-FICC-2020-002 | ||
| 34-88910 | May 20, 2020 | Order Approving a Proposed Rule Change to Amend the Government Securities Division Rulebook Relating to the Legal Entity Identifier Requirement |
| SR-FICC-2020-005 | ||
| 34-88766 | Apr. 29, 2020 | Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Modify the Government Securities Division Rulebook, Mortgage-Backed Securities Division Clearing Rules, and Mortgage-Backed Securities Division EPN Rules
Comments due: May 26, 2020 Additional Materials: Exhibit 5 |
| SR-FICC-2020-004 | ||
| 34-88636 | Apr. 15, 2020 | Notice of Filing of Proposed Rule Change to Modify the Clearing Agency Model Risk Management Framework
Comments due: May 12, 2020 Additional Materials: Exhibit 5 |
| SR-FICC-2020-002 | ||
| 34-88557 | Apr. 3, 2020 | Notice of Filing of Proposed Rule Change to Amend the Government Securities Division Rulebook Relating to the Legal Entity Identifier Requirement Comments due: April 30, 2020 Additional Materials: Exhibit 5 |
| First Quarter | ||
| SR-FICC-2020-003 | ||
| 34-88512 | Mar. 30, 2020 | Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Revise the Clearing Agency Investment Policy Comments due: April 24, 2020 Additional Materials: Exhibit 5 |
| SR-FICC-2020-001 | ||
| 34-88277 | Feb. 25, 2020 | Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Adopt the Interpretive Guidance With Respect to Settlement Finality
Comments due: March 23, 2020 Additional Materials: Exhibit 5 |
| SR-FICC-2019-007 | ||
| 34-88262 | Feb. 21, 2020 | Order Approving a Proposed Rule Change Regarding the Close-Out and Funds-Only Settlement Processes Associated with the Sponsoring Member/Sponsored Member Service |
| SR-FICC-2019-007 | ||
| 34-87896 | Jan. 6, 2020 | Notice of Filing of Proposed Rule Change Regarding the Close-Out and Funds-Only Settlement Processes Associated with the Sponsoring Member/Sponsored Member Service
Comments due: January 31, 2020 Additional Materials: Exhibit 5 |
File Number List for 2020
| Release No. | Date | Details |
|---|---|---|
| SR-FICC-2020-018 | ||
| 34-90649 | Dec. 11, 2020 | Notice of Filings and Immediate Effectiveness of Proposed Rule Changes to Amend the Clearing Agencies Liquidity Risk Management Framework
Comments due: January 7, 2021 Additional Materials: Exhibit 5 Additional File Nos.: SR-DTC-2020-018, SR-NSCC-2020-021 |
| SR-FICC-2020-017 | ||
| 34-92303 | Jun. 30, 2021 | Order Approving a Proposed Rule Change to Modify the Calculation of the MBSD VaR Floor to Incorporate a Minimum Margin Amount |
| 34-92117 | Jun. 7, 2021 | Notice of Designation of Longer Period for Commission Action on Proceedings to Determine Whether to Approve or Disapprove a Proposed Rule Change to Modify the Calculation of the MBSD VaR Floor to Incorporate a Minimum Margin Amount |
| 34-91092 | Feb. 9, 2021 | Order Instituting Proceedings to Determine Whether to Approve or Disapprove a Proposed Rule Change to Modify the Calculation of the MBSD VaR Floor to Incorporate a Minimum Margin Amount
Comments due: February 23, 2021 Rebuttal comments due: March 3, 2021 |
| 34-90794 | Dec. 23, 2020 | Notice of Designation of Longer Period for Commission Action and Longer Period for Comment on Proposed Rule Change to Modify the Calculation of the MBSD VaR Floor to Incorporate a Minimum Margin Amount
Comments due: January 29, 2021 Comments received are available for this proposal. See also: SR-FICC-2020-804 |
| 34-90568 | Dec. 4, 2020 | Notice of Filing of Proposed Rule Change to Modify the Calculation of the MBSD VaR Floor to Incorporate a Minimum Margin Amount
Comments due: December 31, 2020 Additional Materials: Exhibit 5 Comments received are available for this proposal. |
| SR-FICC-2020-016 | ||
| 34-90626 | Dec. 10, 2020 | Notice of Filings and Immediate Effectiveness of Proposed Rule Changes to Amend the Clearing Agency Operational Risk Management Framework
Comments due: January 6, 2021 Additional File Nos.: SR-DTC-2020-015, SR-NSCC-2020-019 |
| SR-FICC-2020-015 | ||
| 34-90948 | Jan. 19, 2021 | Order Approving Proposed Rule Change to Include Same-Day Settling Trades in the Risk Management, Novation, Guarantee, and Settlement Services of the Government Securities Division's Delivery-Versus-Payment Service, and Make Other Changes |
| 34-90551 | Dec. 2, 2020 | Notice of Filing of Proposed Rule Change to Include Same-Day Settling Trades in the Risk Management, Novation, Guarantee, and Settlement Services of the Government Securities Division's Delivery-Versus-Payment Service, and Make Other Changes
Comments due: December 29, 2020 Additional Materials: Exhibit 5 |
| SR-FICC-2020-014 | ||
| 34-90544 | Dec. 1, 2020 | Notice of Filing and Immediate Effectiveness of a Proposed Rule Change, as Modified by Amendment No. 1, to Modify the Clearance Maintenance Fee, Reduce the End of Day Position Fee of the Government Securities Division, and Describe the Current Rebate Policy
Comments due: December 28, 2020 Additional Materials: Exhibit 5 Comments received are available for this proposal. |
| SR-FICC-2020-013 | ||
| 34-90386 | Nov. 10, 2020 | Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Amend the Government Securities Division Rulebook to Add a Pre-payment Assessment and Certain Credits in Connection with a New Service, Which Has Not Yet Been Proposed for and Would Be Subject to Regulatory Approval
Comments due: December 8, 2020 Additional Materials: Exhibit 3, Exhibit 5 |
| SR-FICC-2020-012 | ||
| 34-90322 | Nov. 3, 2020 | Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Amend the Government Securities Division Rulebook to Clarify Which Funds-Only Settlement Payments and Underlying Marks Are Applicable to Certain Transactions, and Make Other Changes
Comments due: Npvember 30, 2020 Additional Materials: Exhibit 5 |
| SR-FICC-2020-011 | ||
| 34-89631 | Aug. 21, 2020 | Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Clarify the Government Securities Division Schedule of Timeframes and Schedule of GCF Repo® Timeframes and Make Other Changes
Comments due: September 17, 2020 Additional Materials: Exhibit 5 |
| SR-FICC-2020-010 | ||
| 34-90101 | Oct. 6, 2020 | Order Approving a Proposed Rule Change to Describe Key Components of the Mortgage-Backed Securities Division Stress Testing Program |
| 34-89616 | Aug. 19, 2020 | Notice of Filing of Proposed Rule Change to Describe Key Components of the Mortgage-Backed Securities Division Stress Testing Program
Comments due: September 15, 2020 Additional Materials: Exhibit 5 |
| SR-FICC-2020-009 | ||
| 34-90182 | Oct. 14, 2020 | Notice of Filing of Amendment No. 2 and Order Granting Accelerated Approval of a Proposed Rule Change, as Modified by Amendment Nos. 1 and 2, to Introduce the Margin Liquidity Adjustment Charge and Include a Bid-Ask Charge in the VaR Charges
Comments due: November 10, 2020 |
| 34-90083 | Oct. 2, 2020 | Self-Regulatory Organizations; Fixed Income Clearing Corporation; Designation of Longer Period for Commission Action on a Proposed Rule Change, as Modified by Amendment No. 1, to Introduce the Margin Liquidity Adjustment Charge and Include a Bid-Ask Charge in the VaR Charges |
| 34-89560 | Aug. 14, 2020 | Notice of Filing of Proposed Rule Change, as Modified by Amendment No. 1, to Introduce the Margin Liquidity Adjustment Charge and Include a Bid-Ask Risk Charge in the VaR Charges
Comments due: September 10, 2020 Additional Materials: Exhibit 3, Exhibit 5 Comments received are available for this proposal. |
| SR-FICC-2020-008 | ||
| 34-89363 | Jul. 21, 2020 | Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Revise the Clearing Agency Policy on Capital Requirements
Comments due: August 17, 2020 Additional Materials: Exhibit 5 |
| SR-FICC-2020-007 | ||
| 34-89270 | Jul. 9, 2020 | Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Amend the Clearing Agency Risk Management Framework
Comments due: August 5, 2020. Additional Materials: Exhibit 5 |
| SR-FICC-2020-006 | ||
| 34-89593 | Aug. 18, 2020 | Order Approving Proposed Rule Change to Provide for a Passive Acknowledgement Process and Make Other Changes |
| 34-89193 | Jun. 30, 2020 | Notice of Filing of Proposed Rule Change to Provide for a Passive Acknowledgement Process and Make Other Changes
Comments due: 21 days after publication in the Federal Register Additional Materials: Exhibit 5 |
| SR-FICC-2020-005 | ||
| 34-88766 | Apr. 29, 2020 | Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Modify the Government Securities Division Rulebook, Mortgage-Backed Securities Division Clearing Rules, and Mortgage-Backed Securities Division EPN Rules
Comments due: May 26, 2020 Additional Materials: Exhibit 5 |
| SR-FICC-2020-004 | ||
| 34-88911 | May 20, 2020 | Order Approving a Proposed Rule Change to Modify the Clearing Agency Model Risk Management Framework
Additional File Nos.: SR-DTC-2020-008, SR-NSCC-2020-008 |
| 34-88636 | Apr. 15, 2020 | Notice of Filing of Proposed Rule Change to Modify the Clearing Agency Model Risk Management Framework
Comments due: May 12, 2020 Additional Materials: Exhibit 5 |
| SR-FICC-2020-003 | ||
| 34-88512 | Mar. 30, 2020 | Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Revise the Clearing Agency Investment Policy Comments due: April 24, 2020 Additional Materials: Exhibit 5 |
| SR-FICC-2020-002 | ||
| 34-88910 | May 20, 2020 | Order Approving a Proposed Rule Change to Amend the Government Securities Division Rulebook Relating to the Legal Entity Identifier Requirement |
| 34-88557 | Apr. 3, 2020 | Notice of Filing of Proposed Rule Change to Amend the Government Securities Division Rulebook Relating to the Legal Entity Identifier Requirement Comments due: April 30, 2020 Additional Materials: Exhibit 5 |
| SR-FICC-2020-001 | ||
| 34-88277 | Feb. 25, 2020 | Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Adopt the Interpretive Guidance With Respect to Settlement Finality
Comments due: March 23, 2020 Additional Materials: Exhibit 5 |