Self-Regulatory Organizations; LCH SA; Notice of Designation of Longer Period for Commission Action on Proposed Rule Change Relating to Options on Index Credit Default Swaps, 47277 [2017-21815]

Download as PDF asabaliauskas on DSKBBXCHB2PROD with NOTICES Federal Register / Vol. 82, No. 195 / Wednesday, October 11, 2017 / Notices the fund. In addition, the plan may be useful to Commission staff in reviewing the fund’s compliance with the rule. Based on an analysis of fund filings, the Commission estimates that there are approximately 7,743 multiple class funds offered by 1,045 registrants. The Commission estimates that each of the 1,045 registrants will make an average of 0.5 responses annually to prepare and approve a written 18f–3 plan.1 The Commission estimates each response will take 6 hours, requiring a total of 3 hours per registrant per year.2 Thus the total annual hour burden associated with these requirements of the rule is approximately 3,135 hours.3 Estimates of average burden hours are made solely for the purposes of the Paperwork Reduction Act and are not derived from a comprehensive or even a representative survey or study of the costs of Commission rules and forms. The collection of information under rule 18f–3 is mandatory. The information provided under rule 18f–3 will not be kept confidential. An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless it displays a currently valid OMB control number. Written comments are invited on: (a) Whether the collections of information are necessary for the proper performance of the functions of the Commission, including whether the information has practical utility; (b) the accuracy of the Commission’s estimate of the burdens of the collections of information; (c) ways to enhance the quality, utility, and clarity of the information collected; and (d) ways to minimize the burdens of the collections of information on respondents, including through the use of automated collection techniques or other forms of information technology. Consideration will be given to comments and suggestions submitted in writing within 60 days of this publication. Please direct your written comments to Pamela Dyson, Director/Chief Information Officer, Securities and Exchange Commission, C/O Remi Pavlik-Simon, 100 F Street NE., Washington, DC 20549; or send an email to: PRA_Mailbox@sec.gov. 1 The Commission estimates that each registrant prepares and approves a rule 18f–3 plan every two years when issuing a new fund or new class or amending a plan (or that 522.5 of all 1,045 registrants prepare and approve a plan each year). 2 0.5 responses per registrant × 6 hours per response = 3 hours per registrant. 3 3 hours per registrant per year × 1,045 registrants = 3,135 hours per year. VerDate Sep<11>2014 17:58 Oct 10, 2017 Jkt 244001 Dated: October 4, 2017. Eduardo A. Aleman, Assistant Secretary. [FR Doc. 2017–21911 Filed 10–10–17; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–81818; File No. SR–LCH SA–2017–007] Self-Regulatory Organizations; LCH SA; Notice of Designation of Longer Period for Commission Action on Proposed Rule Change Relating to Options on Index Credit Default Swaps October 4, 2017. On August 1, 2017, Banque Central de Compensation, which conducts business under the name LCH SA (‘‘LCH SA’’), filed with the Securities and Exchange Commission (‘‘Commission’’), pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (‘‘Act’’) 1 and Rule 19b–4 thereunder,2 a proposed rule change (SR–LCH SA– 2017–007) to amend LCH SA’s CDS Margin Framework and CDSClear Default Fund Methodology to incorporate terms and conforming changes, and to provide for risk management policies related to options on index credit default swaps in order to permit LCH SA to clear such options. The proposed rule change was published for comment in the Federal Register on August 21, 2017.3 The Commission received no comments regarding the proposed changes. Section 19(b)(2) of the Act provides that within 45 days of the publication of the notice of the filing or 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.4 The 45th day from the publication of the Notice is October 5, 2017. The Commission is extending the 45day time period for Commission action on the proposed rule change. As noted above, LCH SA proposed to amend its 1 15 U.S.C. 78s(b)(1). CFR 240.19b–4. 3 Securities Exchange Act Release No. 34–81399 (Aug. 15, 2017), 82 FR 39622 (Aug. 21, 2017) (SR– LCH SA–2017–007) (‘‘Notice’’). 4 15 U.S.C. 78s(b)(2). 2 17 PO 00000 Frm 00107 Fmt 4703 Sfmt 4703 47277 CDS Margin Framework and CDSClear Default Fund Methodology in order to permit it to clear options on index credit default swaps. 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 LCH SA’s proposed rule change and the risks associated therewith. Accordingly, the Commission, pursuant to Section 19(b)(2) of the Act, extends the period by which the Commission shall either approve or disapprove, or institute proceedings to determine whether to disapprove, the proposed rule change (File No. SR–LCH SA–2017–007) to no later than November 19, 2017. For the Commission by the Division of Trading and Markets, pursuant to delegated authority.5 Eduardo A. Aleman, Assistant Secretary. [FR Doc. 2017–21815 Filed 10–10–17; 8:45 am] BILLING CODE 8011–01–P SMALL BUSINESS ADMINISTRATION Women-Owned Small Business Federal Contract Program NAICS Code Updates U.S. Small Business Administration. ACTION: Notice of Updated NAICS Codes for Use in the Women-Owned Small Business Federal Contract Program. AGENCY: The U.S. Small Business Administration (SBA) is updating the North American Industry Classification System (NAICS) codes authorized for use in the Women-Owned Small Business (WOSB) Federal Contract Program (WOSB Program). The update is being made to reflect the U.S. Office of Management and Budget’s (OMB) NAICS revision for 2017, identified as NAICS 2017. NAICS 2017 created 21 new industries by reclassifying, combining, or splitting 29 NAICS 2012 industry codes. These changes would impact eight (8) of the 2012 NAICS codes designated for use under the WOSB Program. DATES: The designations of industries contained in this notice apply to all solicitations issued on or after October 1, 2017. FOR FURTHER INFORMATION CONTACT: Amy Kim, Office of Government Contracting, 409 3rd Street SW., Washington, DC 20416, wosb@sba.gov. SUPPLEMENTARY INFORMATION: SUMMARY: 5 17 E:\FR\FM\11OCN1.SGM CFR 200.30–3(a)(12). 11OCN1

Agencies

[Federal Register Volume 82, Number 195 (Wednesday, October 11, 2017)]
[Notices]
[Page 47277]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-21815]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-81818; File No. SR-LCH SA-2017-007]


Self-Regulatory Organizations; LCH SA; Notice of Designation of 
Longer Period for Commission Action on Proposed Rule Change Relating to 
Options on Index Credit Default Swaps

October 4, 2017.
    On August 1, 2017, Banque Central de Compensation, which conducts 
business under the name LCH SA (``LCH SA''), filed with the Securities 
and Exchange Commission (``Commission''), pursuant to Section 19(b)(1) 
of the Securities Exchange Act of 1934 (``Act'') \1\ and Rule 19b-4 
thereunder,\2\ a proposed rule change (SR-LCH SA-2017-007) to amend LCH 
SA's CDS Margin Framework and CDSClear Default Fund Methodology to 
incorporate terms and conforming changes, and to provide for risk 
management policies related to options on index credit default swaps in 
order to permit LCH SA to clear such options. The proposed rule change 
was published for comment in the Federal Register on August 21, 
2017.\3\ The Commission received no comments regarding the proposed 
changes.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ Securities Exchange Act Release No. 34-81399 (Aug. 15, 
2017), 82 FR 39622 (Aug. 21, 2017) (SR-LCH SA-2017-007) 
(``Notice'').
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    Section 19(b)(2) of the Act provides that within 45 days of the 
publication of the notice of the filing or 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.\4\ 
The 45th day from the publication of the Notice is October 5, 2017.
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    \4\ 15 U.S.C. 78s(b)(2).
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    The Commission is extending the 45-day time period for Commission 
action on the proposed rule change. As noted above, LCH SA proposed to 
amend its CDS Margin Framework and CDSClear Default Fund Methodology in 
order to permit it to clear options on index credit default swaps. 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 LCH SA's proposed rule change and the risks 
associated therewith.
    Accordingly, the Commission, pursuant to Section 19(b)(2) of the 
Act, extends the period by which the Commission shall either approve or 
disapprove, or institute proceedings to determine whether to 
disapprove, the proposed rule change (File No. SR-LCH SA-2017-007) to 
no later than November 19, 2017.

    For the Commission by the Division of Trading and Markets, 
pursuant to delegated authority.\5\
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    \5\ 17 CFR 200.30-3(a)(12).
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Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-21815 Filed 10-10-17; 8:45 am]
 BILLING CODE 8011-01-P