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2004 Rule Filings

SR #

Subject

SEC Notice

File No. SR-EMCC-2004-12

Emerging Markets Clearing Corporation ("EMCC") has filed a rule change with the Securities and Exchange Commission ("SEC") pursuant to Section 19(b)(2) of the Securities Exchange Act of 1934 (requesting accelerated approval). The purpose of the proposed rule change is to eliminate unacceptable risk from the continued processing of warrant transactions.

Rule Filing Approval Notice (Release No. 34-50202; File No. SR-EMCC-2004-12)

File No. SR-EMCC-2004-11

Withdrawal: File No SR_EMCC-2004-11

The proposed rule change (which is being made pursuant to Section 19(b)(2) of the Act), will amend EMCC's rules regarding certain requirements applicable to non-domestic members and applicants.

 

File No. SR-EMCC-2004-10

Withdrawal: File No SR_EMCC-2004-10

The proposed rule change (which is being made pursuant to Section 19(b)(2) of the Act) will modify EMCC’s Rules with regard to the methodology used by the Corporation when performing the surveillance/monitoring of its Members.

 

File No. SR-EMCC-2004-09

Withdrawal: File No SR_EMCC-2004-09

The proposed rule change (which is being made pursuant to Section 19(b)(2) of the Act, requesting accelerated effectiveness), will amend the rules of EMCC to permit applicants and Members that are or become subject to a statutory disqualification or order of similar effect to become Members or continue participation in EMCC, so long as the statutory disqualification or order does not create any undue risk to the Corporation.

 

File No. SR-EMCC-2004-08

Withdrawal: File No SR_EMCC-2004-08

The proposed rule change (which is being made pursuant to Section 19(b)(2) of the Act) consists of revisions to EMCC’s Rule 2 (Members) with regard actions EMCC may take against a Member that fails to maintain the relevant requirements of the Rules.

 

File No. SR-EMCC-2004-07

The proposed rule change (which is being made pursuant to Section 19(b)(3)(A) of the Act) will modify EMCC’s rules regarding ongoing requirements with regard to providing financial reports/documents to EMCC.

Rule Filing Approval Notice (Release No. 34-49826; File No.SR-EMCC-2004-07)

File No. SR-EMCC-2004-06

The proposed rule change (which is being made pursuant to Section 19(b)(3)(A) of the Act), will modify EMCC’s rules to clarify the form of opinions of counsel required to be provided to EMCC by applicants.

Rule Filing Approval Notice (Release No. 34-49825; File No.SR-EMCC-2004-06)

File No. SR-EMCC-2004-05

Withdrawal: File No SR_EMCC-2004-05

The proposed rule change (which is being made pursuant to Section 19(b)(2) of the Act), will modify applicable EMCC Rules to make clear that where Non-U.S. applicants/Members conduct business in a currency other than U.S. dollars ("USD"), financial requirements are the USD equivalent in foreign currency.

 

File No. SR-EMCC-2004-04

The proposed rule change (which is being made pursuant to Section 19(b)(2) of the Act), will modify EMCC's rules (on a permanent basis) with regard to Buy-Ins and Sell-Outs, conforming EMCC’s Rules to the industry’s shortened time frames.

Rule Filing Approval Notice (Release Not. 34-49952 File No. SR-EMCC-2004-04)

File No. SR-EMCC-2004-03


Withdrawal: File No SR_EMCC-2004-03

The proposed rule change (which is being made pursuant to Section 19(b)(2) of the Act), will modify EMCC’s rules with regard to the financial statements and reports to be provided to EMCC by applicants that have been in business for less than two years, and with regard to the financial statements provided to EMCC by applicants that are bank or trust companies.

 

File No. SR-EMCC-2004-02

The proposed rule change (which is being made pursuant to Section 19(b)(3)(A) of the Act), will modify EMCC's rulesModify EMCC’s rules with regard to the criteria to be used in approving a Letter of Credit Issuer.

Rule Filing Approval Notice (Release No. 34–49632; File No. SR–EMCC–2004–02)

File No. SR-EMCC-2004-01

Withdrawal: File No SR_EMCC-2004-01

The proposed rule change (which is being made pursuant to Section 19(b)(2) of the Act) will modify EMCC’s Rules with regard to fines imposed by EMCC.