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SEC approves FICC access models and segregated accounts and margin rule filings

Summary by The TRADE
The US Securities and Exchange Commission (SEC) has approved the Fixed Income Clearing Corporation’s (FICC) rule filings linked to access models and segregated accounts and margin.In relation to segregated accounts and margin, FICC’s proposed rule changes seek to address the Commission’s new requirements and the conditions for including margin in the broker-dealer reserve formulas.The proposed rule change would provide for the separate and indep…
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