AMC Entertainment Holdings Inc (AMC)

[Beek]

Why do several folks say the SLD is already in effect when it obviously is NOT, even according to the filing??? Wishful thinking? Rush to implement? Preparation? Scare the HF's into movement? I mean I'd love to get to the moon sooner rather than later too, but jumping the gun with false info is just going to cause more noise/FUD rather than accurate, tangible, visible facts.

From the SEC Federal Register document 18 Mar:
"The Commission is publishing this notice to solicit comments on the advance notice from interested persons." Saying they are just after comments at this time and setting the purpose.

"(v) Implementation Timeframe
NSCC would implement the proposed changes no later than 10 Business Days after the later of the no objection to the advance notice and approval of the related proposed rule change?[37] by the Commission. NSCC would announce the effective date of the proposed changes by Important Notice posted to its website." Saying no objections and approval of Commission need to happen first and then an announcement of an effective date can happen.

"III. Date of Effectiveness of the Advance Notice, and Timing for Commission Action
The proposed change may be implemented if the Commission does not object to the proposed change within 60 days of the later of (i) the date that the proposed change was filed with the Commission or (ii) the date that any additional information requested by the Commission is received. The clearing agency shall not implement the proposed change if the Commission has any objection to the proposed change.

The Commission may extend the period for review by an additional 60 days if the proposed change raises novel or complex issues, subject to the Commission providing the clearing agency with prompt written notice of the extension. A proposed change may be implemented in less than 60 days from the date the advance notice is filed, or the date further information requested by the Commission is received, if the Commission notifies the clearing agency in writing that it does not object to the proposed change and authorizes the clearing agency to implement the proposed change on an earlier date, subject to any conditions imposed by the Commission.
The clearing agency shall post notice on its website of proposed changes that are implemented.
The proposal shall not take effect until all regulatory actions required with respect to the proposal are completed." So within 60 days if no objection AND not waiting on more information. If no objection is in writing then they can implement earlier in 60 day window by posting implementation change on NSCC website.

Has any immediate implementation announcements been posted? Please post those if so!

IMO, if it were in effect already we would see MUCH more beneficial movement in PPS than current. Just need patience.

Ref: https://www.federalregister.gov/documents/2021/03/24/2021-05993/self-regulatory-organizations-national-securities-clearing-corporation-notice-of-filing-of-advance