world’s largest equity derivatives clearing organization, issued the
following statement regarding the passage of H.R. 5749, the Options
Markets Stability Act, by the U.S. House of Representatives on July 10.
“OCC and the U.S. Securities Markets Coalition applaud passage of H.R.
5749, the Options Markets Stability Act. Passage of this legislation,
sponsored by Representatives Randy Hultgren (R-IL) and Bill Foster
(D-IL), is an important step forward in helping ensure that market
makers can provide vital liquidity for investors who use the U.S. equity
options markets to help manage their financial risk,” said Craig
Donohue, OCC Executive Chairman and CEO. “OCC appreciates the
leadership of Representatives Hultgren, Foster, House Financial Services
Committee Chairman Jeb Hensarling (R-TX), Ranking Member Maxine Waters
(D-CA) and the other members of the Committee for securing passage of
This legislation requires the appropriate U.S. federal banking agencies
to increase the risk-sensitivity of the capital treatment of
centrally-cleared options. Last month, the House Financial Services
Committee passed the bill by a unanimous vote of 54-0.
OCC is the world’s largest equity derivatives clearing organization and
the foundation for secure markets. Founded in 1973, OCC operates under
the jurisdiction of both the U.S. Securities and Exchange Commission
(SEC) as a registered clearing agency and the U.S. Commodity Futures
Trading Commission (CFTC) as a Derivatives Clearing Organization. Named
2018 Best Clearing House by Markets Media, OCC now provides
central counterparty (CCP) clearing and settlement services to 19
exchanges and trading platforms for options, financial futures, security
futures, and securities lending transactions. More information about OCC
is available at www.theocc.com.
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