Sunshine Act Meeting, 86048 [2016-28772]
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86048
Federal Register / Vol. 81, No. 229 / Tuesday, November 29, 2016 / Notices
SECURITIES AND EXCHANGE
COMMISSION
Robert W. Errett,
Deputy Secretary.
[Release No. 34–79375; File No. SR–ICEEU–
2016–013]
[FR Doc. 2016–28639 Filed 11–28–16; 8:45 am]
BILLING CODE 8011–01–P
Self-Regulatory Organizations; ICE
Clear Europe Limited; Notice of Filing
and Immediate Effectiveness of a
Proposed Rule Change Relating to the
Finance Procedures
SECURITIES AND EXCHANGE
COMMISSION
Sunshine Act Meeting
November 22, 2016.
Notice is hereby given, pursuant to
the provisions of the Government in the
Sunshine Act, Public Law 94–409, that
the Securities and Exchange
Commission will hold a closed meeting
on Thursday, December 1, 2016 at 12
p.m.
Commissioners, Counsel to the
Commissioners, the Secretary to the
Commission, and recording secretaries
will attend the closed meeting. Certain
staff members who have an interest in
the matters also may be present.
The General Counsel of the
Commission, or her designee, has
certified that, in her opinion, one or
more of the exemptions set forth in 5
U.S.C. 552b(c)(3), (5), (7), 9(B) and (10)
and 17 CFR 200.402(a)(3), (a)(5), (a)(7),
(a)(9)(ii) and (a)(10), permit
consideration of the scheduled matter at
the closed meeting.
Chair White, as duty officer, voted to
consider the items listed for the closed
meeting in closed session, and
determined that no earlier notice thereof
was possible.
The subject matter of the closed
meeting will be:
asabaliauskas on DSK3SPTVN1PROD with NOTICES
Institution and settlement of injunctive
actions;
Institution and settlement of administrative
proceedings;
Resolution of litigation claims; and
Other matters relating to enforcement
proceedings.
At times, changes in Commission
priorities require alterations in the
scheduling of meeting items.
For further information and to
ascertain what, if any, matters have been
added, deleted or postponed; please
contact Brent J. Fields from the Office of
the Secretary at (202) 551–5400.
Dated: November 23, 2016.
Brent J. Fields,
Secretary.
[FR Doc. 2016–28772 Filed 11–25–16; 11:15 am]
BILLING CODE 8011–01–P
VerDate Sep<11>2014
17:48 Nov 28, 2016
Pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934
(‘‘Act’’),1 and Rule 19b–4 thereunder,2
notice is hereby given that on November
9, 2016, ICE Clear Europe Limited (‘‘ICE
Clear Europe’’) filed with the Securities
and Exchange Commission
(‘‘Commission’’) the proposed rule
changes described in Items I, II and III
below, which Items have been primarily
prepared by ICE Clear Europe. ICE Clear
Europe filed the proposed rule changes
pursuant to Section 19(b)(3)(A) of the
Act,3 and Rule 19b–4(f)(i) and (ii) 4
thereunder, so that the proposal was
effective upon filing with the
Commission. The Commission is
publishing this notice to solicit
comments on the proposed rule change
from interested persons.
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
The principal purpose of the changes
is to modify certain aspects of the ICE
Clear Europe Finance Procedures.
II. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
In its filing with the Commission, ICE
Clear Europe included statements
concerning the purpose of and basis for
the proposed rule change. The text of
these statements may be examined at
the places specified in Item IV below.
ICE Clear Europe has prepared
summaries, set forth in sections (A), (B),
and (C) below, of the most significant
aspects of such statements.
(A) Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
(a) Purpose
The purpose of the amendments is to
modify certain aspects of the ICE Clear
Europe Finance Procedures. In
paragraph 2.1 of the Finance
1 15
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 15 U.S.C. 78s(b)(3)(A).
4 17 CFR 240.19b–4(f)(i) and (ii).
2 17
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Procedures, amendments are made to
add South African rand (‘‘ZAR’’) as a
currency eligible for Variation Margin
and settlement payments for financials
and softs contracts which settle in such
currency. Other conforming changes
have been made in the Finance
Procedures (including in paragraph 4) to
reflect the addition of ZAR as an eligible
currency for such purposes. As with the
other currencies currently eligible to be
used as Variation Margin and settlement
payments for financials and softs
contracts, ZAR will be subject to
haircuts determine [sic] pursuant to the
[sic] Finance Procedures and existing
ICE Clear Europe haircut policies. [sic]
A typographical error and erroneous
cross-reference have also been corrected
in paragraph 2.2.
In paragraph 6.1(e) of the Finance
Procedures, the daily deadline for a
Clearing Member to provide manual
cash settlement instructions for sameday USD payments has been extended
from 16:00 to 16:45 (London time). ICE
Clear Europe is making this change to
accommodate a request of Clearing
Members, and does not believe it will
adversely affect the Clearing House’s
treasury or other operations. In
paragraph 6.1(i)(vii), a change has been
made to clarify that end-of-day or ad
hoc payments by a Clearing Member to
the Clearing House may include, in
addition to other listed categories of
payments, transfers of Surplus
Collateral.
Amendments have been made to
paragraph 8.3 of the Finance
Procedures, which generally provides
that the Clearing House will not
recognize any value for non-cash
collateral (such as securities collateral)
within a specified period prior to its
redemption or maturity. Under the
existing rule, this period commences
one business day prior to redemption or
maturity. The amendments adopt a
different approach for UK government
bonds, for which the period will
commence seven business days prior to
redemption or maturity. This approach
is designed to reflect limitations
imposed by the relevant securities
settlement system on the transfer of UK
government bonds during the seven
business day period prior to redemption
or maturity.
In paragraph 11.3(b), which addresses
procedures for transfer of non-cash
permitted cover, an incorrect statement
that the Clearing House does not
support cross-border or inter-settlement
facility settlements, bridge transactions
or similar transactions has been
removed. In paragraph 11.4, certain
account details and matching deadlines
for particular securities transfer systems
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[Federal Register Volume 81, Number 229 (Tuesday, November 29, 2016)]
[Notices]
[Page 86048]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-28772]
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SECURITIES AND EXCHANGE COMMISSION
Sunshine Act Meeting
Notice is hereby given, pursuant to the provisions of the
Government in the Sunshine Act, Public Law 94-409, that the Securities
and Exchange Commission will hold a closed meeting on Thursday,
December 1, 2016 at 12 p.m.
Commissioners, Counsel to the Commissioners, the Secretary to the
Commission, and recording secretaries will attend the closed meeting.
Certain staff members who have an interest in the matters also may be
present.
The General Counsel of the Commission, or her designee, has
certified that, in her opinion, one or more of the exemptions set forth
in 5 U.S.C. 552b(c)(3), (5), (7), 9(B) and (10) and 17 CFR
200.402(a)(3), (a)(5), (a)(7), (a)(9)(ii) and (a)(10), permit
consideration of the scheduled matter at the closed meeting.
Chair White, as duty officer, voted to consider the items listed
for the closed meeting in closed session, and determined that no
earlier notice thereof was possible.
The subject matter of the closed meeting will be:
Institution and settlement of injunctive actions;
Institution and settlement of administrative proceedings;
Resolution of litigation claims; and
Other matters relating to enforcement proceedings.
At times, changes in Commission priorities require alterations in
the scheduling of meeting items.
For further information and to ascertain what, if any, matters have
been added, deleted or postponed; please contact Brent J. Fields from
the Office of the Secretary at (202) 551-5400.
Dated: November 23, 2016.
Brent J. Fields,
Secretary.
[FR Doc. 2016-28772 Filed 11-25-16; 11:15 am]
BILLING CODE 8011-01-P
