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Homebrew

03/17/21 5:00 PM

#84135 RE: jakec21 #84134

False. New rule's about Non-OTC OPTIONS, not shorts.

..New rule says short sellers ...



Let’s review what it actually says:


The advance notice of National Securities Clearing Corporation (“NSCC”) is annexed hereto as Exhibit 5 and consists of modifications to Rule 4(A) (Supplemental Liquidity Deposits) of the NSCC’s Rules & Procedures (“Rules”) to (1) calculate and collect, when applicable, supplemental liquidity deposits to NSCC’s Clearing Fund (“Supplemental Liquidity Deposits,” or “SLD”) on a daily basis, rather than only in advance of the monthly expiration of stock options (defined in Rule 4(A) as “Options Expiration Activity Period”); (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 the Rules, as described in greater detail below.

TenKay

03/17/21 5:00 PM

#84136 RE: jakec21 #84134

New rule says short sellers will be closely monitored on a 24 hour time frame to show their liquidity and have enough cash to cover.“

The “new rule” says nothing of the sort. Lol.

So I don’t have to repeat myself:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=162620243