SR-OCC-2021-003 approved - That one was needed for SR-OCC-2021-801
First of all the link to the rulechange: https://www.sec.gov/rules/sro/occ/2021/34-92038.pdf
Maybe some wrinkle brained ape can add some information to this.
*SR-OCC-2021-003: Increase Persistent Minimum Skin-In-The-Game / Waterfall*The "You Market Makers are gonna give us more money now in case you fuck up with options later and owe someone more than you have" Rule.*This is the rule associated with the SR-OCC-2021-801 advanced notice, and SIG filed an opposition during the review period delaying the implementation.Filed 2021-02-24Effective 2021-05-31 (expected no later than 05-31, unless further opposition is filed)
*This paragraph is from u/nothingbuttherainsir DD
30th March , Susquehanna filed an opposition to AKA SR-OCC-2021-003 (AKA SR-OCC-2021-801) which pushed it out to 31st May based on an SEC notice yesterday
Seems that 003 is now approved, so both rules should roll out. I don't know when both rules will be effective.
But as in the last paragraph of SR-OCC-2021-801:
Here is the link to rule OCC-801 : https://www.sec.gov/rules/sro/occ/2021/34-91491.pdf
Buy, hodl, vote (my 3 brokers won't let me)
Posted May 27, 2021, 10:25 PM UTC · edited