Your acceptance of all cookies will permit robust site functionality. If you don't allow cookies, some features and functionality of OCC's site may not operate as expected. If you do not choose either cookie setting for our site, or if you close this window, this message will continue to display on each page you visit. Cookie settings can be controlled in your Internet browser to automatically reject some forms of cookies. For more details on cookies this site uses, see our OCC Site Cookies page. In addition to using cookies, we retain other information, including your Internet Protocol (IP) address, for the purposes listed in the Privacy Policy.

OCC Applauds SEC Decision to Discontinue Stay and Proceed with Review of Capital Plan

September 11, 2015
Chicago -

OCC, the world's largest equity derivatives clearing organization, today expressed support for the decision of the U.S. Securities and Exchange Commission to lift the stay of the approval order of OCC's proposed capital plan, allowing OCC to proceed with implementation of the capital plan. Under its order to discontinue the stay, the SEC determined that "strengthening the capitalization of a systemically important clearing agency, such as OCC, is a compelling public interest." Under SEC rules, the stay was instituted automatically by the filings of petitions requesting review by the full Commission of the approval order.

"We are pleased that the SEC agreed with OCC that the concerns raised by petitioners do not justify maintaining the stay during the pendency of the Commission's review. The SEC's action permits us to further strengthen our equity capital resources so that a compelling public interest can be served," said Craig Donohue, OCC Executive Chairman. "We hope that the Commission's review will be done in an expeditious fashion."

Donohue added, "The benefits of the OCC capital plan are exceedingly valuable to market participants. The plan will strengthen our capital base from a business perspective, enable our firm to meet the heightened capital requirements that are critical for SIFMUs like OCC, and better position us to meet international requirements so that market participants are not subject to the costs of punitive capital requirements imposed by international regulators."

Here are the links to the SEC approval orders lifting the automatic stay of OCC's capital plan (http://www.sec.gov/rules/other/2015/34-75886.pdf) and granting review of the capital plan (http://www.sec.gov/rules/other/2015/34-75885.pdf).


This web site discusses exchange-traded options issued by The Options Clearing Corporation. No statement in this web site is to be construed as an endorsement, recommendation or solicitation to purchase or sell a security, or to provide investment advice. Options involve risk and are not suitable for all investors. Prior to buying or selling an option, a person must receive a copy of the disclosure document, Characteristics and Risks of Standardized Options. Individuals should not enter into option transactions until they have read and understood this document. To obtain copies, contact your broker, any exchange on which options are traded, or The Options Clearing Corporation, 125 S. Franklin Street, Suite 1200, Chicago, IL 60606 ([email protected]).