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Staff is preparing a Notice of Proposed Rulemaking to amend the system safeguards testing requirements in part 39 for derivatives clearing organizations (DCOs). The amendments would specify the types of system safeguards testing and assessment that DCOs are required to conduct, clarify how often such testing and assessment should be conducted, and require that certain testing be performed by independent contractors. The amendments would also specify the minimum scope required for such testing and clarify system safeguards-related recordkeeping requirements.