Self-Regulatory Organizations; Fixed Income Clearing Corporation; Notice of Designation of Longer Period for Commission Action on Proposed Rule Change To (1) Implement the Margin Proxy, (2) Modify the Calculation of the Coverage Charge in Circumstances Where the Margin Proxy Applies, and (3) Make Certain Technical Corrections, 14394 [2017-05402]
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14394
Federal Register / Vol. 82, No. 52 / Monday, March 20, 2017 / Notices
2017.3 The Commission has received no
comment letters on the proposal.
Section 19(b)(2) of the Act 4 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. The 45th day for this filing
is March 20, 2017.
The Commission is extending the 45day time period for Commission action
on the proposed rule change. The
Commission finds that it is appropriate
to designate a longer period within
which to take action on the proposed
rule change so that it has sufficient time
to consider and take action on the
Exchange’s proposed rule change.
Accordingly, pursuant to Section
19(b)(2) of the Act 5 and for the reasons
stated above, the Commission
designates May 4, 2017, 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–Phlx–2017–04).
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.6
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2017–05406 Filed 3–17–17; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–80235; File No. SR–FICC–
2017–001]
sradovich on DSK3GMQ082PROD with NOTICES
Self-Regulatory Organizations; Fixed
Income Clearing Corporation; Notice of
Designation of Longer Period for
Commission Action on Proposed Rule
Change To (1) Implement the Margin
Proxy, (2) Modify the Calculation of the
Coverage Charge in Circumstances
Where the Margin Proxy Applies, and
(3) Make Certain Technical Corrections
March 14, 2017.
On February 2, 2017, Fixed Income
Clearing Corporation (‘‘FICC’’) filed
3 See Securities Exchange Act Release No. 79894
(January 30, 2017), 82 FR 9259.
4 15 U.S.C. 78s(b)(2).
5 15 U.S.C. 78s(b)(2).
6 17 CFR 200.30–3(a)(31).
VerDate Sep<11>2014
18:36 Mar 17, 2017
Jkt 241001
with the Securities and Exchange
Commission (‘‘Commission’’) proposed
rule change SR–FICC–2017–001
(‘‘Proposed Rule Change’’) pursuant to
Section 19(b)(1) of the Securities
Exchange Act of 1934 (‘‘Act’’),1 and
Rule 19b–4 thereunder,2 to establish a
supplemental Value-at-Risk charge
(‘‘VaR Charge’’) calculation in FICC’s
Government Securities Division
(‘‘GSD’’) margin model.3 The proposed
rule change was published for comment
in the Federal Register on February 9,
2017.4 The Commission received three
comment letters to the Proposed Rule
Change.5
Section 19(b)(2) of the Act 6 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. The 45th day after
publication of the notice for this
proposed rule change is March 26, 2017.
1 15
U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
3 On February 2, 2017, FICC also filed this
proposed rule change as advance notice SR–FICC–
2017–801 (‘‘Advance Notice’’) with the Commission
pursuant to Section 806(e)(1) of the Dodd-Frank
Wall Street Reform and Consumer Protection Act
entitled the Payment, Clearing, and Settlement
Supervision Act of 2010, 12 U.S.C. 5465(e)(1), and
Rule 19b–4(n)(1)(i) of the Act, 17 CFR 240.19b–
4(n)(1)(i). Notice of filing of the Advance Notice
was published for comment in the Federal Register
on March 8, 2017. Securities Exchange Act Release
No. 80139 (March 2, 2017), 82 FR 13026 (March 8,
2017) (SR–FICC–2017–801). The Commission shall
have until April 3, 2017 to object or not object to
the Advance Notice. The proposal in the Proposed
Rule Change and the Advance Notice shall not take
effect until all regulatory actions required with
respect to the proposal are completed.
4 Securities Exchange Act Release No. 79958
(February 3, 2017), 82 FR 10117 (February 9, 2017)
(SR–FICC–2017–001).
5 See letter from Robert E. Pooler, Chief Financial
Officer, Ronin Capital LLC (‘‘Ronan’’), dated
February 24, 2017, to Eduardo A. Aleman, Assistant
Secretary, Commission (‘‘Ronin Letter’’); letter from
Alan Levy, Managing Director, Industrial and
Commercial Bank of China Financial Services LLC
(‘‘ICBCFS’’), dated February 24, 2017 (‘‘ICBCFS
Letter’’); and letter from Timothy J. Cuddihy,
Managing Director, FICC, dated March 8, 2017, to
Eduardo A. Aleman, Assistant Secretary,
Commission (‘‘FICC Letter’’), available at https://
www.sec.gov/comments/sr-ficc-2017-001/
ficc2017001.htm. Since the proposal contained in
the Proposed Rule Change was also filed as an
Advance Notice, Release No. 80139, supra note 3,
the Commission is considering all public comments
received on the proposal regardless of whether the
comments are submitted to the Proposed Rule
Change or the Advance Notice.
6 15 U.S.C. 78s(b)(2).
PO 00000
Frm 00052
Fmt 4703
Sfmt 4703
The Commission is extending this 45day time period.
In order to provide the Commission
with sufficient time to consider the
Proposed Rule Change, the Commission
finds that it is appropriate to designate
a longer period within which to take
action on the Proposed Rule Change.
Accordingly, the Commission, pursuant
to Section 19(b)(2) of the Act,7
designates May 10, 2017 as the date by
which the Commission shall either
approve, disapprove, or institute
proceedings to determine whether to
disapprove proposed rule change SR–
FICC–2017–001.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.8
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2017–05402 Filed 3–17–17; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–80245; File No. 265–29]
Equity Market Structure Advisory
Committee
Securities and Exchange
Commission.
ACTION: Notice of meeting.
AGENCY:
The Securities and Exchange
Commission Equity Market Structure
Advisory Committee is providing notice
that it will hold a public meeting on
Wednesday, April 5, 2017, in MultiPurpose Room LL–006 at the
Commission’s headquarters, 100 F
Street NE., Washington, DC. The
meeting will begin at 9:30 a.m. (EDT)
and will be open to the public. The
public portions of the meeting will be
webcast on the Commission’s Web site
at www.sec.gov. Persons needing special
accommodations to take part because of
a disability should notify the contact
person listed below. The public is
invited to submit written statements to
the Committee. The meeting will focus
on potential recommendations and
updates from the four subcommittees.
DATES: The public meeting will be held
on Wednesday, April 5, 2017. Written
statements should be received on or
before March 29, 2017.
ADDRESSES: The meeting will be held at
the Commission’s headquarters, 100 F
Street NE., Washington, DC. Written
statements may be submitted by any of
the following methods:
SUMMARY:
7 Id.
8 17
CFR 200.30–3(a)(31).
E:\FR\FM\20MRN1.SGM
20MRN1
]]>Agencies
[Federal Register Volume 82, Number 52 (Monday, March 20, 2017)]
[Notices]
[Page 14394]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-05402]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-80235; File No. SR-FICC-2017-001]
Self-Regulatory Organizations; Fixed Income Clearing Corporation;
Notice of Designation of Longer Period for Commission Action on
Proposed Rule Change To (1) Implement the Margin Proxy, (2) Modify the
Calculation of the Coverage Charge in Circumstances Where the Margin
Proxy Applies, and (3) Make Certain Technical Corrections
March 14, 2017.
On February 2, 2017, Fixed Income Clearing Corporation (``FICC'')
filed with the Securities and Exchange Commission (``Commission'')
proposed rule change SR-FICC-2017-001 (``Proposed Rule Change'')
pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934
(``Act''),\1\ and Rule 19b-4 thereunder,\2\ to establish a supplemental
Value-at-Risk charge (``VaR Charge'') calculation in FICC's Government
Securities Division (``GSD'') margin model.\3\ The proposed rule change
was published for comment in the Federal Register on February 9,
2017.\4\ The Commission received three comment letters to the Proposed
Rule Change.\5\
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ On February 2, 2017, FICC also filed this proposed rule
change as advance notice SR-FICC-2017-801 (``Advance Notice'') with
the Commission pursuant to Section 806(e)(1) of the Dodd-Frank Wall
Street Reform and Consumer Protection Act entitled the Payment,
Clearing, and Settlement Supervision Act of 2010, 12 U.S.C.
5465(e)(1), and Rule 19b-4(n)(1)(i) of the Act, 17 CFR 240.19b-
4(n)(1)(i). Notice of filing of the Advance Notice was published for
comment in the Federal Register on March 8, 2017. Securities
Exchange Act Release No. 80139 (March 2, 2017), 82 FR 13026 (March
8, 2017) (SR-FICC-2017-801). The Commission shall have until April
3, 2017 to object or not object to the Advance Notice. The proposal
in the Proposed Rule Change and the Advance Notice shall not take
effect until all regulatory actions required with respect to the
proposal are completed.
\4\ Securities Exchange Act Release No. 79958 (February 3,
2017), 82 FR 10117 (February 9, 2017) (SR-FICC-2017-001).
\5\ See letter from Robert E. Pooler, Chief Financial Officer,
Ronin Capital LLC (``Ronan''), dated February 24, 2017, to Eduardo
A. Aleman, Assistant Secretary, Commission (``Ronin Letter'');
letter from Alan Levy, Managing Director, Industrial and Commercial
Bank of China Financial Services LLC (``ICBCFS''), dated February
24, 2017 (``ICBCFS Letter''); and letter from Timothy J. Cuddihy,
Managing Director, FICC, dated March 8, 2017, to Eduardo A. Aleman,
Assistant Secretary, Commission (``FICC Letter''), available at
https://www.sec.gov/comments/sr-ficc-2017-001/ficc2017001.htm. Since
the proposal contained in the Proposed Rule Change was also filed as
an Advance Notice, Release No. 80139, supra note 3, the Commission
is considering all public comments received on the proposal
regardless of whether the comments are submitted to the Proposed
Rule Change or the Advance Notice.
---------------------------------------------------------------------------
Section 19(b)(2) of the Act \6\ 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. The
45th day after publication of the notice for this proposed rule change
is March 26, 2017. The Commission is extending this 45-day time period.
---------------------------------------------------------------------------
\6\ 15 U.S.C. 78s(b)(2).
---------------------------------------------------------------------------
In order to provide the Commission with sufficient time to consider
the Proposed Rule Change, the Commission finds that it is appropriate
to designate a longer period within which to take action on the
Proposed Rule Change. Accordingly, the Commission, pursuant to Section
19(b)(2) of the Act,\7\ designates May 10, 2017 as the date by which
the Commission shall either approve, disapprove, or institute
proceedings to determine whether to disapprove proposed rule change SR-
FICC-2017-001.
---------------------------------------------------------------------------
\7\ Id.
\8\ 17 CFR 200.30-3(a)(31).
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\8\
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2017-05402 Filed 3-17-17; 8:45 am]
BILLING CODE 8011-01-P
