Options Clearing Corp. said it would provide SEC staff any information it needed to evaluate the company's capital plan, a regulatory requirement that has been in effect since Sept. 10, 2015.
The SEC in March 2015 approved a plan from Options Clearing to increase shareholder equity to $247 million to comply with regulations as a systemically important clearing agency. Bats Global Markets Holdings Inc. objected to the plan, arguing that it placed non-equity exchanges at a disadvantage. The objection led to an SEC stay of the approval, which was later lifted.
The matter eventually made its way to the U.S. Court of Appeals for the D.C. Circuit. The court remanded the matter back to the SEC for further review, but kept Options Clearing's capital plan in place, the company said in a release.