Securities and Exchange Commission
Document Headings Document headings vary by document type but may contain the following: the agency or agencies that issued and signed a document the number of the CFR title and the number of each part the document amends, proposes to amend, or is directly related to the agency docket number / agency internal file number the RIN which identifies each regulatory action listed in the Unified Agenda of Federal Regulatory and Deregulatory Actions See the Document Drafting Handbook for more details. Securities and Exchange Commission [Release No. 34-105794; File No. SR-DTC-2026-009] June 29, 2026. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (“Exchange Act”)  [ 1 ] and Rule 19b-4 thereunder, [ 2 ] notice is hereby given that on June 15, 2026, The Depository Trust Company (“DTC”)  [ 3 ] filed with the Securities and Exchange Commission (“Commission”) the proposed rule change as described in Items I, II and III below, which Items have been prepared by the clearing agency. The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons. I. Clearing Agency's Statement of the Terms of Substance of the Proposed Rule Change The proposed rule change would amend the Redemptions Guide  [ 4 ] and the OA to update Payment without Presentation (“PWP”), [ 5 ] a DTC process which permits Agents to remit maturity or full call proceeds to DTC without requiring delivery of the associated physical certificate and allows them to rely instead on DTC's book-entry records of entitlement. The proposed rule change would (i) eliminate the need for a Letter of Transmittal (“LT”)  [ 6 ] or the presentment of certain other physical documents; (ii) codify into the Rules the existing process by which Agents opt-in to receive automated notifications; (iii) make participation in the PWP process mandatory with opt-out only where necessary; (iv) es…
Citation: 91 FR 40642
