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## Regulations
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|Regulation|Description|Date Effective|PDF|
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|**DTC**|**The Depository Trust Company is a subsidiary of the DTCC, and was created to reduce costs and provide clearing and settlement efficiencies.** [\[1\]](https://www.dtcc.com/about/businesses-and-subsidiaries/dtc)||[**Regulatory Rule Filings**](https://www.dtcc.com/legal/sec-rule-filings?subsidiary=DTC&pgs=1)|
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|SR-DTC-2021-003|Changes the risk/margin reporting period from monthly to daily.|✅ 2021-03-16|[SR-DTC-2021-003-Approval-Notice.pdf](https://github.com/verymeticulous/wikAPEdia/files/6784840/SR-DTC-2021-003-Approval-Notice.pdf)|
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|SR-DTC-2021-004|Outlines procedures for asset liquidation in the event of a defaulting member.|✅ 2021-03-16|[SR-DTC-2021-004.pdf](https://github.com/verymeticulous/wikAPEdia/files/6784834/SR-DTC-2021-004.pdf)|
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|SR-DTC-2021-005|Prevents loaned/borrowed shares from being loaned/borrowed more than once.|✅ 2021-06-25|[SR-DTC-2021-005.pdf](https://github.com/verymeticulous/wikAPEdia/files/6784788/SR-DTC-2021-005.pdf)|
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|SR-DTC-2021-006|Removes the old method of asset tracking in favor of SR-DTC-2021-005.|✅ 2021-04-21|[SR-DTC-2021-006.pdf](https://github.com/verymeticulous/wikAPEdia/files/6784830/SR-DTC-2021-006.pdf)|
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|SR-DTC-2021-007|Eliminates the APO system in favor of the Claim Connect system for fee reconciliation between parties. **Mandatory 2021-07-09**|✅ 2021-04-30|[SR-DTC-2021-007.pdf](https://github.com/verymeticulous/wikAPEdia/files/6784828/SR-DTC-2021-007.pdf)|
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|SR-DTC-2021-008|Reorganizes existing tax reporting/withholding guides to accommodate for various DTCC procedural changes that have been implemented.|✅ 2021-06-08|[SR-DTC-2021-008.pdf](https://github.com/verymeticulous/wikAPEdia/files/6784823/SR-DTC-2021-008.pdf)|
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|SR-DTC-2021-009|Changes current procedures to clearly define deadlines in order to eliminate existing delay-loop workarounds.|✅ 2021-06-16|[SR-DTC-2021-009.pdf](https://github.com/verymeticulous/wikAPEdia/files/6784808/SR-DTC-2021-009.pdf)|
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|**ICC**|**The ICE Clear Credit was founded to digitize markets and provide greater price transparency.** [\[1\]](https://www.theice.com/about)||[**Regulatory Rule Filings**](https://www.sec.gov/rules/sro/icc.shtml)|
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|SR-ICC-2021-005|ICC version of SR-DTC-2021-004 to define procedures for asset liquidation in the event of a defaulting member.|✅ 2021-05-10|[SR-ICC-2021-005.pdf](https://github.com/verymeticulous/wikAPEdia/files/6784935/SR-ICC-2021-005.pdf)|
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|SR-ICC-2021-007|Redefines what can and cannot be considered collateral, reducing overall capital on books and lowering acceptable risk ceilings.|✅ 2021-05-13|[SR-ICC-2021-007.pdf](https://github.com/verymeticulous/wikAPEdia/files/6784931/SR-ICC-2021-007.pdf)|
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|SR-ICC-2021-008|Redefines how risky collateral is handled in Credit Default Swaps. Increases initial margin requirements, and lowers ICC exposure.|✅ 2021-05-18|[SR-ICC-2021-008.pdf](https://github.com/verymeticulous/wikAPEdia/files/6784924/SR-ICC-2021-008.pdf)|
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|SR-ICC-2021-009|Charges calculation of risk from using month-to-month averages to using day-to-day-averages.|✅ 2021-05-20|[SR-ICC-2021-009.pdf](https://github.com/verymeticulous/wikAPEdia/files/6784922/SR-ICC-2021-009.pdf)|
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|SR-ICC-2021-014|Defines fee schedules for the 2nd half of 2021; includes reduced fees on CDS (25%) and incentives for risk sharing.|✅ 2021-05-18|[SR-ICC-2021-014.pdf](https://github.com/verymeticulous/wikAPEdia/files/6784919/SR-ICC-2021-014.pdf)|
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|**OCC**|**The Office of the Comptroller of the Currency is a federal agency that oversees the execution of laws relating to national banks.** [\[1\]](https://www.investopedia.com/terms/o/office-comptroller-currency-occ.asp#:~:text=The%20Office%20of%20the%20Comptroller%20of%20the%20Currency%20(OCC)%20is,laws%20relating%20to%20national%20banks.)||[**Regulatory Rule Filings**](https://www.sec.gov/rules/sro/occ.htm)|
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|SR-OCC-2021-003|Increases margin requirements for market makers when dealing with options contracts.|✅ 2021-05-27|[SR-OCC-2021-003.pdf](https://github.com/verymeticulous/wikAPEdia/files/6784888/SR-OCC-2021-003.pdf)|
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|SR-OCC-2021-004|Allows previously excluded firms to participate in auctions of assets when a member is liquidated.|✅ 2021-05-19|[SR-OCC-2021-004.pdf](https://github.com/verymeticulous/wikAPEdia/files/6784904/SR-OCC-2021-004.pdf)|
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|**NSCC**|**The National Securities Clearing Corporation is a subsidiary of the DTCC, and was created to provide clearing settlement, risk management, central counterparty services, and a guarantee of completion for certain transactions for virtual all broker-to-broker trades.** [\[1\]](https://www.dtcc.com/about/businesses-and-subsidiaries/nscc)||[**Regulatory Rule Filings**](https://www.dtcc.com/legal/sec-rule-filings?subsidiary=NSCC&pgs=1)|
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|SR-NSCC-2021-002|Automates the margin call process when daily reports indicate a member is overleveraged.|✅ 2021-06-23|[SR-NSCC-2021-002.pdf](https://github.com/verymeticulous/wikAPEdia/files/6784875/SR-NSCC-2021-002.pdf)|
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|SR-NSCC-2021-004|NSCC version of SR-DTC-2021-004 to define procedures for asset liquidation in the event of a defaulting member.|✅ 2021-03-18|[SR-NSCC-2021-004.pdf](https://github.com/verymeticulous/wikAPEdia/files/6784872/SR-NSCC-2021-004.pdf)|
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|SR-NSCC-2021-005|Increases the minimum required fund deposit for DTCC members from $10,000 to $250,000 each.|⚠️ TBD (2021-08-12)|[SR-NSCC-2021-005.pdf](https://github.com/verymeticulous/wikAPEdia/files/6784869/SR-NSCC-2021-005.pdf)|
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|SR-NSCC-2021-006|Removal of the 10-day approval period on proposed rule changes among other numerous amendments.|✅ 2021-05-12|[SR-NSCC-2021-006.pdf](https://github.com/verymeticulous/wikAPEdia/files/6784867/SR-NSCC-2021-006.pdf)|
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|**Other**||||
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|Exchange Act Rule 15c3-3|Establishes a requirement for 100% collateral to be held on all positions within six months.|✅ 2021-04-22|[Rule-15c3-3.pdf](https://github.com/verymeticulous/wikAPEdia/files/6784958/Rule-15c3-3.pdf)|
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|MSBS978-21: FICC Notice|Returns MBSD Intraday Mark-Market Charge to hourly assessment instead of once-per-day for margins.|✅ 2021-05-03|[MBSD978-21.pdf](https://github.com/verymeticulous/wikAPEdia/files/6784986/MBSD978-21.pdf)|
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|SR-NYSEAMER-2021-29|Provides incentives for brokers to route retail orders through the NYSE instead of through dark pools/off-market exchanges (OTC).|✅ 2021-06-17|[SR-NYSEAMER-2021-29.pdf](https://github.com/verymeticulous/wikAPEdia/files/6784991/SR-NYSEAMER-2021-29.pdf)|
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|FINRA Regulatory Notice 21-19|Requires firms to submit synthetic short positions with increased reporting frequency from twice per month to daily or weekly.|⚠️ TBD (Comments accepted until 2021-08-03)|[Regulatory-Notice-21-19.pdf](https://github.com/verymeticulous/wikAPEdia/files/6784777/Regulatory-Notice-21-19.pdf)|
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