OCC submitted a letter to the SEC in response to comments made by market participants on OCC's recent proposal regarding the adoption on an Options Exchange "Risk Controls Standards Policy." OCC's Policy would address risks from transactions that are executed on an options exchange that does not adhere to certain risk controls that are consistent with a set of principles-based Risk Controls Standards which were developed by OCC, in cooperation with the options exchanges, and impose a fee for trades executed on an options exchange that is not compliant with the Risk Controls Standards. The Proposal is intended to control risk and protect OCC against potentially very large losses that, in extreme cases, could threaten the stability of the U.S. listed options market.