• DTC Proposes to Settle U.S. Securities Traded on European Venues.

On December 29th, the SEC provided notice of the Depository Trust Company's filing of a proposal to allow DTC to provide settlement services to European Central Counterparty Limited, a clearing house recognized by the United Kingdom and regulated by the Financial Services Authority that provides central counterparty clearance and settlement services for securities transactions on or through European trading venues, for U.S. securities traded on European trading venues. Comments should be submitted within 21 days after publication in the Federal Register, which is expected during the week of January 4th. SEC Release No. 34-61249.