TPT Global Tech Inc (TPTW)

[Parker61]

DTCC
DATE: MARCH 5, 2021
TO: ALL PARTICIPANTS
ATTENTION: MANAGING PARTNER/OFFICER, OPERATIONS PARTNER/OFFICER,
COMPLIANCE OFFICER
FROM: GENERAL COUNSEL’S OFFICE
SUBJECT:
NSCC PROPOSED RULE CHANGE AND ADVANCE NOTICE FILINGS –
TO AMEND THE SUPPLEMENTAL LIQUIDITY DEPOSIT
REQUIREMENTS (SR-NSCC-2021-002; SR-NSCC-2021-801)
On March 5, 2021, National Securities Clearing Corporation (“NSCC”) filed a filed a proposed rule
change filing (SR-NSCC-2021-002) with the Securities and Exchange Commission (“SEC”) and an
advance notice filing (SR-NSCC-2021-801) (the “Filings”) with the SEC and the Board of Governors of
the Federal Reserve System proposing to amend NSCC’s supplemental liquidity deposit (“SLD”)
requirements.
Specifically, the Filings are proposing to (1) calculate and collect, when applicable, SLD on a daily basis
rather than only in advance of the monthly Options Expiration Activity Periods; (2) establish an intraday
SLD obligation that would apply in advance of Options Expiration Activity Periods and may also be
applied on other days, as needed; (3) implement an alternative pro rata calculation of Members’ SLD
obligations that may apply in certain circumstances; and (4) simplify and improve the transparency of
the description of the calculation, collection and treatment of SLD in Rule 4(A) of NSCC’s Rules &
Procedures, as described in greater detail in the Filings.
The full text of the Filings may be obtained by visiting the DTCC website at www.dtcc.com/legal/secrule-
filings.aspx. Written comments on the Filings may be addressed to National Securities Clearing
Corporation, c/o General Counsel’s Office, 55 Water Street, New York, New York 10041,
Attention: Jacqueline Chezar, Executive Director and Associate General Counsel, and your comments
will be forwarded to the SEC.
You may also address your written comments to the Secretary of the Commission, Securities and
Exchange Commission, 100 F Street NE, Washington DC 20549. Electronic comments may be
submitted using the SEC’s Internet comment form (http://www.sec.gov/rules/sro.shtml) or by sending
an email to [e-mail]. Please include File Numbers SR-NSCC-2021-002 and SR-NSCC-
2021-801 on the subject line. We request that you provide NSCC with a copy of your comments.
Questions regarding these filings or this Important Notice may be addressed to Jacqueline Chezar,
Executive Director and Associate General Counsel, at 212-855-3216.