On October 15th, the SEC provided notice of the National Securities Clearing Corporation's ("NSCC") filing of Amendment No. 3 to its proposal that would change its Rules & Procedures to provide for supplemental liquidity deposits to its Clearing Fund to ensure that NSCC has adequate liquidity resources to meet its liquidity needs. Amendment No. 3 deletes the provisions in the proposal relating to Regular Activity Liquidity Obligations, to respond to concerns raised by members. As revised, the proposal would impose supplemental liquidity obligations on affected members only with respect to activity relating to monthly options expiry periods (defined in the proposed Rule as "Special Activity Liquidity Obligations"). SEC Release No. 34-70688.