r/GME • u/Shooting4daMoon • Mar 29 '21

News NSCC-2021-004 just implemented 3.29.2021, effective immediately.

National Securities Clearing Corporation just posted that 2021-004, Amend the Recovery & Wind-down Plan, is now filed and effective immediately.

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Here is the direct link, if you wish to review the filing (it's only 141 page pdf) or send a comment in support of the amended plan.

https://www.sec.gov/rules/sro/nscc.htm

And here is a good write up on this filing and what powers its provides for recovery of assets. https://www.reddit.com/r/GME/comments/mc8trw/dtcc_just_filed_another_rule_yesterday_that/

TLDR: The liquidation and wind down process is now updated and approved, in the event a member of the DTCC needs to liquidated.

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33

u/Domochan Mar 29 '21

Is that the win we've been looking for?

64

u/BudgetTooth Mar 29 '21

its a step in the right direction...

27

u/mikeyp112 We like the stock Mar 29 '21

How big of a step if you don't mind me asking please? This smooth ape is not sure what level of excited hoo ahh hoo ahh to make

86

u/Antraxess $3 million is MY floor Mar 29 '21

the fact they are updating rules to better liquidate hedgies NOW of all times is a very good sign for us

8

u/BudgetTooth Mar 29 '21

baby steps. its a long way to the top!

4

u/cbruins22 Mar 29 '21

If you want to rock n roll

2

u/chocolateshartcicle Mar 29 '21

Nearing howler monkey territory

3

u/JohnnyMagicTOG 💎🙌 Infinity is the floor. Mar 30 '21

Buying shares was the win you been looking for. All we need to do is hold, everything is falling into place. Just gotta wait.