China Securities Depository and Clearing Hong Kong Company Limited

The third and fourth components of OCC's proposed expansion of its liquidity plan are briefly discussed below. The President of the United States communicates information on holidays, commemorations, special observances, trade, and policy through Proclamations. The Public Inspection pageon FederalRegister.gov offers a preview of documents scheduled to appear in the next day's Federal Register issue. The Public Inspection page may also include documents scheduled for later issues, at the request of the issuing agency. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts.

For example, if two investors agree to the terms of a financial transaction, such as the purchase or sale of a corporate security, a clearing corporation will act as a middle man, facilitating the purchase on one end and the sale on the other end of the transaction. As noted above, OCC intends to expand its aggregate external liquidity by $2.5 billion. While OCC intends to seek $1 billion of that amount under the Non-Bank Liquidity Facility, the removal of the commitment limit would allow OCC to seek additional commitments if it is unable to obtain access to external liquidity through other facilities. HKEX implemented a Closing Auction Session in two phases on 25 July 2016 and 24 July 2017. The securities eligible for the CAS include all constituents of the Hang Seng Composite LargeCap, MidCap and SmallCap indices, H shares which have corresponding A shares listed on a mainland exchange and all exchange traded funds.

As such, the Commission believes the proposed changes are consistent with promoting safety and soundness, reducing systemic risks, and promoting the stability of the broader financial system. The Commission has adopted risk management standards under Section 805 of the Clearing Supervision Act and Section 17A of the Exchange Act (the “Clearing Agency Rules”). The Clearing Agency Rules require, among other things, each covered clearing agency to establish, implement, maintain, and enforce written policies and procedures that are reasonably designed to meet certain minimum requirements for its operations and risk management practices on an ongoing basis. As such, it is appropriate for the Commission to review advance notices against the Clearing Agency Rules and the objectives and principles of these risk management standards as described in Section 805 of the Clearing Supervision Act. As discussed below, the Commission believes the changes proposed in the Advance Notice are consistent with the objectives and principles described in Section 805 of the Clearing Supervision Act, and in the Clearing Agency Rules, in particular Rule 17Ad-22.

As of the end of December 2020, there were 2,538 companies listed on HKEX's securities market. HKEX has been the world's top listing venue in terms of IPO funds raised in seven of the past 11 years. The Commission believes that the proposal contained in OCC's Advance Notice is consistent with the stated objectives and principles of Section 805 of the Clearing Supervision Act. Specifically, as discussed below, the Commission believes that the changes proposed in the Advance Notice are consistent with promoting robust risk management, promoting safety and soundness, reducing systemic risks, and supporting the stability of the broader financial system.

What’s the encore performance after revolutionizing the student loan market? Offering a broader range of services to help members take control of their finances. Today, SoFi and Apex work together to provide frictionless access to investment clearing company opportunities to more than 900,000 individuals with the speed and efficiency they expect from a world class fintech app. The government said that it wanted to play a positive role in the stock exchange's development as a shareholder.