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A BRIEF OVERVIEW OF RECENT FILINGS FROM THE DTC, NSCC, AND OCC FOR DIPSHITS WHO KNOW FUCKALL ABOUT SECURITIES LEGISLATION AND GET CONFUSED BY LETTERS AND NUMBERS
=================================================================================================================================================================
| Author | Source |
| :-------------: |:-------------:|
| [u/Antioch_Orontes](https://www.reddit.com/user/Antioch_Orontes/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/msh5mt/a_brief_overview_of_recent_filings_from_the_dtc/) |
---
OC[DD 👨‍🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
EDIT: I have posted an updated, further-depth overview of all DTC filings [here](https://www.reddit.com/r/DDintoGME/comments/mtw35e/filings_from_the_dtc_whos_who_and_whats_what/), and will be posting NSCC and OCC filings this week.
Someone mentioned in a comment that they got all of the recent SEC filings mixed up so I slapped this together really quick. Hopefully it helps.
Big ups to [u/c-digs](https://www.reddit.com/u/c-digs/) who wrote nearly everything linked. If one of my summaries is hella wrong please let me know and I will fix it!
Here's a quick and dirty rundown:
[DTC-002](https://www.reddit.com/r/DDintoGME/comments/mtw35e/filings_from_the_dtc_whos_who_and_whats_what/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) --- Measures counterparty risk by their equity in addition to their credit rating, so tighter upper limit on amount of capital secured by smaller, less capitalized entities. As far as I understand it means members can't keep too much of their money / securities in smaller banks. Same as NSCC-003 and FICC-001. (submitted for approval 3/10, approved 4/16 and now in effect)
[DTC-003](https://www.reddit.com/r/GME/comments/m793h7/new_dtcc_rule_just_passed_in_effect_immediatly/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) --- Reconcile your statements with your books every day instead of every month. (submitted for immediate approval and accepted 3/16)
[DTC-004](https://www.reddit.com/r/GME/comments/mgs05i/analysis_of_srdtc2021004_dtcc_changing_the_game/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) --- Emergency plan for what to do if one of our members gets liquidated to shit fuck and puts us all at risk (submitted for immediate approval and accepted on 3/29)
[DTC-005](https://www.reddit.com/r/GME/comments/mibedc/the_moass_wont_happen_until_options_are_not/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) - When a share is lent it gets marked as on loan and the person who borrowed it can't lend it out again (submitted for approval on 4/1)
[NSCC-002](https://www.reddit.com/r/GME/comments/mc0zfn/too_ape_didnt_read_summary_of_srnscc2021801/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) (also 801) --- Margin call your ass into the milky way (advance notice given on 3/5, submitted for approval on 3/18)
NSCC-003 --- Same as DTC-002
NSCC-004 --- Same as DTC-004
[OCC-003](https://www.reddit.com/r/GME/comments/mgus2l/rc_announcement_going_to_send_stonk_to_da_moon/gswzxsa/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) (also 801) --- The OCC is adding funds from its default waterfall to create a "minimum skin in the game" deposit, which i think means that a portion of their excess capital is going into the "in case of liquidation break this box first" fund and if i'm understanding *that* right it puts the OCC members more on the hook than the OCC itself when one of the members has liabilities that spill over, but i'm not 100% sure on that one do if someone could clear that up for me it would really help! (advance notice given on 2/10, submitted for approval 2/24, notice of pls give more time given on 4/6, notice of no objection (to the rule change not the time extension) by the sec filed 4/7)
[OCC-004](https://www.reddit.com/r/Superstonk/comments/mnpzu5/srocc2021004_why_this_proposed_rule_change_is/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) - Let's make it easier for non-OCC members to buy up the holdings of a liquidated member for cheap (submitted for approval 3/31)
edit: thank you to [u/the_captain_slog](https://www.reddit.com/u/the_captain_slog/) for good clarifications on the ones that i got wrong in [this comment](https://www.reddit.com/r/Superstonk/comments/msh5mt/a_brief_overview_of_recent_filings_from_the_dtc/gut0keu/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3)!