The NSCC sets the framework, but it is spelled out in Dodd-Frank that they have to do so by law. There are some other items, but that's the basic idea - full d

The NSCC sets the framework, but it is spelled out in Dodd-Frank that they have to do so by law. There are some other items, but that's the basic idea - full details are here: https://dtcc.com/-/media/Files/Downloads/legal/policy-and-compliance/NSCC_Disclosure_Framework.pdf https://dtcc.com/-/media/Files/Downloads/legal/policy-and-co... If you want to dive further i recommend this thread : https://mobile.twitter.com/KralcTrebor/status/1354952686165225478 https://mobile.twitter.com/KralcTrebor/status/13549526861652...