UPDATE #2 ON DTC-2021-005: "The filing will probably be refiled next week"
4/30 UPDATE:
They are expecting it to be refiled next week. This is a week later than the last ETA. Will follow up with them next week
This is an update to my previous posts in regards to direct contacts with the DTCC. Check my post history if you want to see those.
-They confirmed that all changes were "technical formatting". Nothing of substance should be changed from the initial filing.
-The rule will be effective immediately after filing, however its important to note the "SEC has the ability to abrogate for a period of time". I don't have any other details here, maybe someone else can elaborate on how that would work.
-May also be worth noting that filing was made to "clarify operation processing descriptions in our rules. The drafting of this change started before the recent market volatility"
As I've stated in previous posts I will not be posting screenshots of the emails for legal purposes. I'd be more than willing to verify them with a mod for credibility.
Posted Apr 23, 2021, 4:56 PM UTC · edited