Depository Participant classification: clearing corporations and certain directors/employees excluded; depositories must implement and report monthly. Recognized clearing corporations are excluded from the definition of Depository Participant for Regulations 24(9) and 24(10), and directors and employees of entities listed in Regulation 24(10) are likewise not to be treated as Depository Participants or their associates. Depositories must amend bye-laws and systems, notify market participants, and report implementation status through monthly development reports.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Depository Participant classification: clearing corporations and certain directors/employees excluded; depositories must implement and report monthly.
Recognized clearing corporations are excluded from the definition of Depository Participant for Regulations 24(9) and 24(10), and directors and employees of entities listed in Regulation 24(10) are likewise not to be treated as Depository Participants or their associates. Depositories must amend bye-laws and systems, notify market participants, and report implementation status through monthly development reports.
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