Legal & Regulatory
Policy & Compliance
The Depository Trust Company (DTC)
The purpose of this notice is to remind Participants of their responsibilities under DTC's Rules to furnish DTC with certain required information, which includes ongoing financial, operational and regulatory reports. Pursuant to DTC's Rules, those Participants that fail to comply with these requirements may be subject to disciplinary sanctions including, but not limited to, fines.
National Securities Clearing Corporation (NSCC)
The purpose of this notice is to remind members and limited members of their responsibilities under NSCC’s Rules & Procedures (the “Rules”) to furnish NSCC with certain required information, which includes ongoing financial and regulatory reports. Please note that all amendments or addenda to such reports or information must be submitted to NSCC concurrently with their submission to the applicable primary regulator, or as soon as practicable if not filed with a regulator.
Fixed Income Clearing Corporation (FICC)
Pursuant to the rules of both the Government Securities Division and the Mortgage-Backed Securities Division there is a fine schedule currently in effect for failures to timely submit required financial reports, information, and other documentation to FICC. The applicable fine schedule and submission deadlines are attached hereto. Members are urged to review the attached submission deadlines and incorporate them into their internal procedures in order to avoid the applicable fines.