JUST IN!!! SR-OCC-2021-03 has been approved! This ruling ensures that retail investor will receive the equal market value of their shares if shit hits the fan. It requires HFs and MMs to have skin in the game so to speak.
Still waiting on original 801 ruling to be approved. Soonest that could be approved is tomorrow EOD.
IV. CONCLUSION IT IS THEREFORE NOTICED, pursuant to Section 806(e)(1)(I) of the Clearing Supervision Act, that the Commission DOES NOT OBJECT to Advance Notice (SR- OCC-2021-801) and that OCC is AUTHORIZED to implement the proposed change as of the date of this notice or the date of an order by the Commission approving proposed rule change SR-OCC-2021-003, whichever is later. By the Commission. J. Matthew DeLesDernier Assistant Secretary