(24)The SEC conducts ongoing monitoring of CCPs’ under its supervision. In addition to its power to review and approve rule changes filed by a registered CCP, the SEC has wide powers to request copies of CCPs’ books and records and to examine and conduct on-site inspections to assess existing and emerging risks, to monitor compliance by the CCP with rules applicable to it, as well as the CCP’s oversight of compliance by its participants with its internal rules and procedures. The SEC has the power to ask for changes in rules and procedures and may institute civil actions seeking injunctive and other remedies, or administrative proceedings in case of infringement of the applicable rules. The SEC’s examination may result in the revocation of the registration where deficiencies are not addressed. Those powers apply also to CCPs qualified as covered clearing agencies.