Self-Regulatory Organizations; National Securities Clearing Corporation; Notice of Filing Amendment No. 1 and Designation of a Longer Period for Commission Action on Proposed Rule Change, as Modified by Amendment No. 1, To Institute Supplemental Liquidity Deposits to Its Clearing Fund Designed To Increase Liquidity Resources To Meet Its Liquidity Needs, 32292-32293 [2013-12659]

Download as PDF 32292 Federal Register / Vol. 78, No. 103 / Wednesday, May 29, 2013 / Notices in accordance with Rule 17Ad– 22(d)(11).15 B. Self-Regulatory Organization’s Statement on Burden on Competition ICE Clear Europe does not believe the proposed rule changes would have any impact, or impose any burden, on competition. LIFFE A&M is an established market for the LIFFE Contracts, and ICE Clear Europe does not anticipate that its becoming the clearing house for the LIFFE Contracts will adversely affect the trading market for those contracts on LIFFE A&M. Moreover, ICE Clear Europe has established fair and objective criteria for eligibility to clear LIFFE Contracts, and accordingly ICE Clear Europe does not believe that the proposed rule changes will impose any burden on competition among clearing members. C. Self-Regulatory Organization’s Statement on Comments on the Proposed Rule Change Received From Members, Participants or Others Written comments relating to the rule changes have been solicited and one comment has been received to date but was not in connection with the specific rule and procedure changes. ICE Clear Europe will notify the Commission of any written comments received by ICE Clear Europe. III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action Within 45 days of the date of publication of this notice in the Federal Register or within such longer period up to 90 days (i) as the Commission may designate if it finds such longer period to be appropriate and publishes its reasons for so finding or (ii) as to which the self-regulatory organization consents, the Commission will: (A) by order approve or disapprove the proposed rule change or (B) institute proceedings to determine whether the proposed rule change should be disapproved. tkelley on DSK3SPTVN1PROD with NOTICES IV. Solicitation of Comments Interested persons are invited to submit written data, views, and arguments concerning the foregoing, including whether the proposed rule change is consistent with the Act. Comments may be submitted by any of the following methods: 15 Id. VerDate Mar<15>2010 Electronic Comments • Use the Commission’s Internet comment form (https://www.sec.gov/ rules/sro.shtml) or • Send an email to rulecomments@sec.gov. Please include File Number SR–ICEEU–2013–09 on the subject line. Paper Comments • Send paper comments in triplicate to Elizabeth M. Murphy, Secretary, Securities and Exchange Commission, 100 F Street NE., Washington, DC 20549–1090. All submissions should refer to File Number SR–ICEEU–2013–09. This file number should be included on the subject line if email is used. To help the Commission process and review your comments more efficiently, please use only one method. The Commission will post all comments on the Commission’s Internet Web site (https://www.sec.gov/ rules/sro.shtml). Copies of the submission, all subsequent amendments, all written statements with respect to the proposed rule change that are filed with the Commission, and all written communications relating to the proposed rule change between the Commission and any person, other than those that may be withheld from the public in accordance with the provisions of 5 U.S.C. 552, will be available for Web site viewing and printing in the Commission’s Public Reference Room, 100 F Street NE., Washington, DC 20549, on official business days between the hours of 10:00 a.m. and 3:00 p.m. Copies of such filings also will be available for inspection and copying at the principal office of ICE Clear Europe and on ICE Clear Europe’s Web site at https:// www.theice.com/publicdocs/ regulatory_filings/ ICEU_SEC_051313_3.pdf. All comments received will be posted without change; the Commission does not edit personal identifying information from submissions. You should submit only information that you wish to make available publicly. All submissions should refer to File Number SR–ICEEU–2013–09 and should be submitted on or before June 19, 2013. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.16 Kevin M. O’Neill, Deputy Secretary. [FR Doc. 2013–12704 Filed 5–28–13; 8:45 am] BILLING CODE 8011–01–P 16 17 18:07 May 28, 2013 Jkt 229001 PO 00000 CFR 200.30–3(a)(12). Frm 00067 Fmt 4703 Sfmt 4703 SECURITIES AND EXCHANGE COMMISSION [Release No. 34–69620; File No. SR–NSCC– 2013–02] Self-Regulatory Organizations; National Securities Clearing Corporation; Notice of Filing Amendment No. 1 and Designation of a Longer Period for Commission Action on Proposed Rule Change, as Modified by Amendment No. 1, To Institute Supplemental Liquidity Deposits to Its Clearing Fund Designed To Increase Liquidity Resources To Meet Its Liquidity Needs May 22, 2013. On March 21, 2013, National Securities Clearing Corporation (‘‘NSCC’’) filed with the Securities and Exchange Commission (‘‘Commission’’) proposed rule change SR–NSCC–2013– 02 pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (‘‘Act’’) 1 and Rule 19b–4 thereunder.2 The proposed rule change was published for comment in the Federal Register on April 10, 2013.3 As of May 17, 2013, the Commission had received eight comment letters on the proposal contained in the proposed rule change and its related advance notice.4 Pursuant to Section 19(b)(1) of the Act 5 and Rule 19b-4 thereunder,6 notice is hereby given that on April 19, 2013, NSCC filed with the Commission Amendment No. 1 to the proposed rule change. Amendment No. 1 revised NSCC’s original proposed rule change 1 15 U.S.C. 78s(b)(1). CFR 240.19b–4. NSCC also filed the proposal contained in the proposed rule change, as modified by Amendment No. 1, as an advance notice (File No. SR–NSCC–2013–802) pursuant to Section 806(e)(1) of the Payment, Clearing, and Settlement Supervision Act of 2010 and Rule 19b–4(n)(1)(i) thereunder. See Release No. 34–69451 (Apr. 25, 2013), 78 FR 25496 (May 1, 2013). On May 20, 2013, the Commission extended the period of review of the advance notice so that the Commission shall have until July 19, 2013 to issue an objection or non-objection to the advance notice. Release No. 34–69605 (May 20, 2013). The proposal shall not take effect until all regulatory actions required with respect to the proposal are completed. 3 Release No. 34–69313 (Apr. 4, 2013), 78 FR 21487 (Apr. 10, 2013). 4 See Comments Received on File Nos. SR– NSCC–2013–802 (https://sec.gov/comments/sr-nscc2013-802/nscc2013802.shtml) and SR–NSCC–2013– 02 (https://sec.gov/comments/sr-nscc-2013-02/ nscc201302.shtml). Since the proposal contained in the proposed rule change was also filed as an advance notice, see Release No. 34–69451, supra note 2, the Commission is considering all public comments received on the proposal regardless of whether the comments are submitted to the proposed rule change (File No. SR–NSCC–2013–02) or the advance notice (File No. SR–NSCC–2013– 802). 5 15 U.S.C. 78s(b)(1). 6 17 CFR 240.19b–4. 2 17 E:\FR\FM\29MYN1.SGM 29MYN1 Federal Register / Vol. 78, No. 103 / Wednesday, May 29, 2013 / Notices filings also will be available for inspection and copying at the principal office of NSCC and on NSCC’s Web site at https://dtcc.com/legal/rule_filings/ nscc/2013.php. filing to include as Exhibit 2 a written comment received by NSCC from National Financial Services, LLC relating to the proposed rule change.7 The Commission is publishing this notice to solicit comments on the proposed rule change, as modified by Amendment No. 1, from interested persons, and to designate a longer period for Commission action on the proposed rule change, as modified by Amendment No. 1. I. Solicitation of Comments Interested persons are invited to submit written data, views, and arguments concerning the foregoing, including whether the proposed rule change, as modified by Amendment No. 1, is consistent with the Act. Comments may be submitted by any of the following methods: tkelley on DSK3SPTVN1PROD with NOTICES Electronic Comments • Use the Commission’s Internet comment form (https://www.sec.gov/ rules/sro.shtml); or • Send an email to rulecomments@sec.gov. Please include File No. SR–NSCC–2013–02 on the subject line. Paper Comments • Send paper comments in triplicate to Elizabeth M. Murphy, Secretary, Securities and Exchange Commission, 100 F Street NE., Washington, DC 20549–1090. All submissions should refer to File No. SR–NSCC–2013–02. This file number should be included on the subject line if email is used. To help the Commission process and review your comments more efficiently, please use only one method. The Commission will post all comments on the Commission’s Internet Web site (https://www.sec.gov/ rules/sro.shtml). Copies of the submission, all subsequent amendments, all written statements with respect to the proposed rule change that are filed with the Commission, and all written communications relating to the proposed rule change between the Commission and any person, other than those that may be withheld from the public in accordance with the provisions of 5 U.S.C. 552, will be available for Web site viewing and printing in the Commission’s Public Reference Room, 100 F Street NE., Washington, DC 20549, on official business days between the hours of 10:00 a.m. and 3:00 p.m. Copies of such 7 See Letter from National Financial Services dated Mar. 19, 2013, available at https://sec.gov/ rules/sro/nscc.shtml, File No. SR–NSCC–2013–02, Additional Materials. VerDate Mar<15>2010 18:07 May 28, 2013 Jkt 229001 32293 For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.10 Kevin M. O’Neill, Deputy Secretary. All comments received will be posted without change; the Commission does not edit personal identifying information from submissions. You should submit only information that you wish to make available publicly. All submissions should refer to File No. SR–NSCC–2013–02 and should be submitted on or before June 19, 2013. [FR Doc. 2013–12659 Filed 5–28–13; 8:45 am] II. Designation of a Longer Period for Commission Action Section 19(b)(2) of the Act provides that within 45 days of the publication of notice of the filing of a proposed rule change, or within such longer period up to 90 days as the Commission may designate if it finds such longer period to be appropriate and publishes its reasons for so finding or as to which the self-regulatory organization consents, the Commission shall either approve the proposed rule change, disapprove the proposed rule change, or institute proceedings to determine whether the proposed rule change should be disapproved.8 The 45th day from the publication of notice of the original filing of the proposed rule change is May 25, 2013. The Commission is extending this 45-day time period. The proposed rule change would permit NSCC to require certain NSCC members to provide supplemental liquidity deposits to NSCC’s Clearing Fund, in order to increase NSCC’s liquidity resources to meet its liquidity needs. The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the complex issues under the proposed rule change and the comments received to the proposed rule change. Accordingly, the Commission, pursuant to Section 19(b)(2) of the Act,9 designates July 9, 2013 as the date by which the Commission should either approve or disapprove, or institute proceedings to determine whether to disapprove, the proposed rule change (File No. SR–NSCC–2013–02). SMALL BUSINESS ADMINISTRATION VPC SBIC I, LP, License No. 05/05 0308; Notice Seeking Exemption Under Section 312 of the Small Business Investment Act, Conflicts of Interest Notice is hereby given that VPC SBIC I, LP, 227 West Monroe Street, Suite 3900, Chicago, IL 60606, a Federal Licensee under the Small Business Investment Act of 1958, as amended (‘‘the Act’’), in connection with the financing of a small concern, has sought an exemption under Section 312 of the Act and Section 107.730, Financings which Constitute Conflicts of Interest of the Small Business Administration (‘‘SBA’’) Rules and Regulations (13 CFR 107.730). VPC SBIC I, LP proposes to Provide debt financing to Global Employment Holdings, Inc., 10375 Park Meadows Drive, Suite 475, Littleton, CO, 80124 (‘‘GEYB’’). The proceeds will be used to redeem maturing debt and fund an acquisition. The financing is brought within the purview of § 107.730(a) of the Regulations because Victory Park Credit Opportunities, L.P., Victory Park Credit Opportunities Intermediate Fund, L.P., and Victory Park Capital Advisors, LLC, Associates of the Licensee, are majority owners of and control GEYH, and because portions of the financing will be used to repay obligations to Victory Park Credit Opportunities Intermediate Fund, L.P. and Victory Park Credit Opportunities, L.P., and additional Associates of the Licensee, VPC Fund II, L.P. and VPC Intermediate Fund II (Cayman), L.P.; this transaction is considered Financing an Associate and Providing Financing to discharge an obligation to an Associate requiring prior SBA approval. Notice is hereby given that any interested person may submit written comments on the transaction within 15 days of the date of this publication to the Associate Administrator for Administration, U.S. Small Business Administration, 409 Third Street SW., Washington, DC 20416. 8 See 9 15 PO 00000 15 U.S.C. 78s(b)(2). U.S.C. 78s(b)(2). BILLING CODE 8011–01–P Frm 00068 Fmt 4703 10 17 Sfmt 4703 E:\FR\FM\29MYN1.SGM CFR 200.30–3(a)(12) and (31). 29MYN1

Agencies

[Federal Register Volume 78, Number 103 (Wednesday, May 29, 2013)]
[Notices]
[Pages 32292-32293]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-12659]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-69620; File No. SR-NSCC-2013-02]


Self-Regulatory Organizations; National Securities Clearing 
Corporation; Notice of Filing Amendment No. 1 and Designation of a 
Longer Period for Commission Action on Proposed Rule Change, as 
Modified by Amendment No. 1, To Institute Supplemental Liquidity 
Deposits to Its Clearing Fund Designed To Increase Liquidity Resources 
To Meet Its Liquidity Needs

May 22, 2013.
    On March 21, 2013, National Securities Clearing Corporation 
(``NSCC'') filed with the Securities and Exchange Commission 
(``Commission'') proposed rule change SR-NSCC-2013-02 pursuant to 
Section 19(b)(1) of the Securities Exchange Act of 1934 (``Act'') \1\ 
and Rule 19b-4 thereunder.\2\ The proposed rule change was published 
for comment in the Federal Register on April 10, 2013.\3\ As of May 17, 
2013, the Commission had received eight comment letters on the proposal 
contained in the proposed rule change and its related advance 
notice.\4\ Pursuant to Section 19(b)(1) of the Act \5\ and Rule 19b-4 
thereunder,\6\ notice is hereby given that on April 19, 2013, NSCC 
filed with the Commission Amendment No. 1 to the proposed rule change. 
Amendment No. 1 revised NSCC's original proposed rule change

[[Page 32293]]

filing to include as Exhibit 2 a written comment received by NSCC from 
National Financial Services, LLC relating to the proposed rule 
change.\7\ The Commission is publishing this notice to solicit comments 
on the proposed rule change, as modified by Amendment No. 1, from 
interested persons, and to designate a longer period for Commission 
action on the proposed rule change, as modified by Amendment No. 1.
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4. NSCC also filed the proposal contained in 
the proposed rule change, as modified by Amendment No. 1, as an 
advance notice (File No. SR-NSCC-2013-802) pursuant to Section 
806(e)(1) of the Payment, Clearing, and Settlement Supervision Act 
of 2010 and Rule 19b-4(n)(1)(i) thereunder. See Release No. 34-69451 
(Apr. 25, 2013), 78 FR 25496 (May 1, 2013). On May 20, 2013, the 
Commission extended the period of review of the advance notice so 
that the Commission shall have until July 19, 2013 to issue an 
objection or non-objection to the advance notice. Release No. 34-
69605 (May 20, 2013). The proposal shall not take effect until all 
regulatory actions required with respect to the proposal are 
completed.
    \3\ Release No. 34-69313 (Apr. 4, 2013), 78 FR 21487 (Apr. 10, 
2013).
    \4\ See Comments Received on File Nos. SR-NSCC-2013-802 (https://sec.gov/comments/sr-nscc-2013-802/nscc2013802.shtml) and SR-NSCC-
2013-02 (https://sec.gov/comments/sr-nscc-2013-02/nscc201302.shtml). 
Since the proposal contained in the proposed rule change was also 
filed as an advance notice, see Release No. 34-69451, supra note 2, 
the Commission is considering all public comments received on the 
proposal regardless of whether the comments are submitted to the 
proposed rule change (File No. SR-NSCC-2013-02) or the advance 
notice (File No. SR-NSCC-2013-802).
    \5\ 15 U.S.C. 78s(b)(1).
    \6\ 17 CFR 240.19b-4.
    \7\ See Letter from National Financial Services dated Mar. 19, 
2013, available at https://sec.gov/rules/sro/nscc.shtml, File No. SR-
NSCC-2013-02, Additional Materials.
---------------------------------------------------------------------------

I. Solicitation of Comments

    Interested persons are invited to submit written data, views, and 
arguments concerning the foregoing, including whether the proposed rule 
change, as modified by Amendment No. 1, is consistent with the Act. 
Comments may be submitted by any of the following methods:

Electronic Comments

     Use the Commission's Internet comment form (https://www.sec.gov/rules/sro.shtml); or
     Send an email to rule-comments@sec.gov. Please include 
File No. SR-NSCC-2013-02 on the subject line.

Paper Comments

     Send paper comments in triplicate to Elizabeth M. Murphy, 
Secretary, Securities and Exchange Commission, 100 F Street NE., 
Washington, DC 20549-1090.
All submissions should refer to File No. SR-NSCC-2013-02. This file 
number should be included on the subject line if email is used. To help 
the Commission process and review your comments more efficiently, 
please use only one method. The Commission will post all comments on 
the Commission's Internet Web site (https://www.sec.gov/rules/sro.shtml). Copies of the submission, all subsequent amendments, all 
written statements with respect to the proposed rule change that are 
filed with the Commission, and all written communications relating to 
the proposed rule change between the Commission and any person, other 
than those that may be withheld from the public in accordance with the 
provisions of 5 U.S.C. 552, will be available for Web site viewing and 
printing in the Commission's Public Reference Room, 100 F Street NE., 
Washington, DC 20549, on official business days between the hours of 
10:00 a.m. and 3:00 p.m. Copies of such filings also will be available 
for inspection and copying at the principal office of NSCC and on 
NSCC's Web site at https://dtcc.com/legal/rule_filings/nscc/2013.php.

    All comments received will be posted without change; the Commission 
does not edit personal identifying information from submissions. You 
should submit only information that you wish to make available 
publicly. All submissions should refer to File No. SR-NSCC-2013-02 and 
should be submitted on or before June 19, 2013.

II. Designation of a Longer Period for Commission Action

    Section 19(b)(2) of the Act provides that within 45 days of the 
publication of notice of the filing of a proposed rule change, or 
within such longer period up to 90 days as the Commission may designate 
if it finds such longer period to be appropriate and publishes its 
reasons for so finding or as to which the self-regulatory organization 
consents, the Commission shall either approve the proposed rule change, 
disapprove the proposed rule change, or institute proceedings to 
determine whether the proposed rule change should be disapproved.\8\ 
The 45th day from the publication of notice of the original filing of 
the proposed rule change is May 25, 2013. The Commission is extending 
this 45-day time period.
---------------------------------------------------------------------------

    \8\ See 15 U.S.C. 78s(b)(2).
---------------------------------------------------------------------------

    The proposed rule change would permit NSCC to require certain NSCC 
members to provide supplemental liquidity deposits to NSCC's Clearing 
Fund, in order to increase NSCC's liquidity resources to meet its 
liquidity needs. The Commission finds it appropriate to designate a 
longer period within which to take action on the proposed rule change 
so that it has sufficient time to consider the complex issues under the 
proposed rule change and the comments received to the proposed rule 
change.
    Accordingly, the Commission, pursuant to Section 19(b)(2) of the 
Act,\9\ designates July 9, 2013 as the date by which the Commission 
should either approve or disapprove, or institute proceedings to 
determine whether to disapprove, the proposed rule change (File No. SR-
NSCC-2013-02).
---------------------------------------------------------------------------

    \9\ 15 U.S.C. 78s(b)(2).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\10\
---------------------------------------------------------------------------

    \10\ 17 CFR 200.30-3(a)(12) and (31).
---------------------------------------------------------------------------

Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2013-12659 Filed 5-28-13; 8:45 am]
BILLING CODE 8011-01-P