Self-Regulatory Organizations; The Options Clearing Corporation; Notice of Designation of Longer Period for Commission Action on Proposed Rule Change Related to The Options Clearing Corporation's Margin Methodology, 3376 [2018-01210]
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Federal Register / Vol. 83, No. 16 / Wednesday, January 24, 2018 / Notices
it appears to the Commission that such
action is necessary or appropriate in the
public interest, for the protection of
investors, or otherwise in furtherance of
the purposes of the Act. If the
Commission takes such action, the
Commission will institute proceedings
to determine whether the proposed rule
change should be approved or
disapproved.
to make available publicly. All
submissions should refer to File
Number SR–CBOE–2018–003 and
should be submitted on or before
February 14, 2018.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.28
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018–01206 Filed 1–23–18; 8:45 am]
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 Number SR–
CBOE–2018–003 on the subject line.
daltland on DSKBBV9HB2PROD 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:
Self-Regulatory Organizations; The
Options Clearing Corporation; Notice
of Designation of Longer Period for
Commission Action on Proposed Rule
Change Related to The Options
Clearing Corporation’s Margin
Methodology
Paper Comments
• Send paper comments in triplicate
to Secretary, Securities and Exchange
Commission, 100 F Street NE,
Washington, DC 20549–1090.
All submissions should refer to File
Number SR–CBOE–2018–003. 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 website (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 website 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 the
filing also will be available for
inspection and copying at the principal
office of the Exchange. All comments
received will be posted without change.
Persons submitting comments are
cautioned that we do not redact or edit
personal identifying information from
comment submissions. You should
submit only information that you wish
January 18, 2018.
VerDate Sep<11>2014
20:25 Jan 23, 2018
Jkt 244001
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–82534; File No. SR–OCC–
2017–022]
On November 13, 2017, The Options
Clearing Corporation (‘‘OCC’’) filed with
the Securities and Exchange
Commission (‘‘Commission’’) proposed
rule change SR–OCC–2017–022
(‘‘Proposed Rule Change’’) pursuant to
Section 19(b)(1) of the Securities
Exchange Act of 1934 (‘‘Act’’),1 and
Rule 19b–4 thereunder,2 related to
OCC’s margin methodology.3 The
Proposed Rule Change was published
for comment in the Federal Register on
December 4, 2017.4 To date, the
28 17
CFR 200.30–3(a)(12).
U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
3 On November 13, 2017, OCC also filed this
proposal as advance notice SR–OCC–2017–811
(‘‘Advance Notice’’) with the Commission pursuant
to Section 806(e)(1) of Title VIII 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 December 26, 2017. Securities Exchange Act
Release No. 82355 (Dec. 19, 2017), 82 FR 61060
(Dec. 26, 2017) (SR–OCC–2017–811).
On January 11, 2018, the Commission sent OCC
a request for additional information, which tolls the
Commission’s 60-day review period for the
Advance Notice. See Memorandum from Office of
Clearance and Settlement, Division of Trading and
Markets, dated January 12, 2018, available at
https://www.sec.gov/comments/sr-occ-2017-022/
occ2017022.htm. The new review period will be 60
days from the date the Commission receives the
information requested. See Section 806(e)(1). 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. 82161
(Nov. 28, 2017), 82 FR 57306 (Dec. 4, 2017) (SR–
OCC–2017–022).
1 15
PO 00000
Frm 00082
Fmt 4703
Sfmt 9990
Commission has received one comment
letter 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 January 18,
2018. The Commission is extending this
45-day 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 March 4, 2018 as the date by
which the Commission shall either
approve, disapprove, or institute
proceedings to determine whether to
disapprove proposed rule change SR–
OCC–2017–022.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.8
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018–01210 Filed 1–23–18; 8:45 am]
BILLING CODE 8011–01–P
5 See letter from Michael Kitlas, dated November
28, 2017, to Eduardo A. Aleman, Assistant
Secretary, Commission, available at https://
www.sec.gov/comments/sr-occ-2017-022/
occ2017022.htm. Since the proposal contained in
the Proposed Rule Change was also filed as an
Advance Notice, 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).
7 Id.
8 17 CFR 200.30–3(a)(31).
E:\FR\FM\24JAN1.SGM
24JAN1
]]>Agencies
[Federal Register Volume 83, Number 16 (Wednesday, January 24, 2018)]
[Notices]
[Page 3376]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-01210]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-82534; File No. SR-OCC-2017-022]
Self-Regulatory Organizations; The Options Clearing Corporation;
Notice of Designation of Longer Period for Commission Action on
Proposed Rule Change Related to The Options Clearing Corporation's
Margin Methodology
January 18, 2018.
On November 13, 2017, The Options Clearing Corporation (``OCC'')
filed with the Securities and Exchange Commission (``Commission'')
proposed rule change SR-OCC-2017-022 (``Proposed Rule Change'')
pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934
(``Act''),\1\ and Rule 19b-4 thereunder,\2\ related to OCC's margin
methodology.\3\ The Proposed Rule Change was published for comment in
the Federal Register on December 4, 2017.\4\ To date, the Commission
has received one comment letter to the Proposed Rule Change.\5\
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ On November 13, 2017, OCC also filed this proposal as
advance notice SR-OCC-2017-811 (``Advance Notice'') with the
Commission pursuant to Section 806(e)(1) of Title VIII 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 December 26, 2017. Securities
Exchange Act Release No. 82355 (Dec. 19, 2017), 82 FR 61060 (Dec.
26, 2017) (SR-OCC-2017-811).
On January 11, 2018, the Commission sent OCC a request for
additional information, which tolls the Commission's 60-day review
period for the Advance Notice. See Memorandum from Office of
Clearance and Settlement, Division of Trading and Markets, dated
January 12, 2018, available at https://www.sec.gov/comments/sr-occ-2017-022/occ2017022.htm. The new review period will be 60 days from
the date the Commission receives the information requested. See
Section 806(e)(1). 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. 82161 (Nov. 28, 2017),
82 FR 57306 (Dec. 4, 2017) (SR-OCC-2017-022).
\5\ See letter from Michael Kitlas, dated November 28, 2017, to
Eduardo A. Aleman, Assistant Secretary, Commission, available at
https://www.sec.gov/comments/sr-occ-2017-022/occ2017022.htm. Since
the proposal contained in the Proposed Rule Change was also filed as
an Advance Notice, 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 January 18, 2018. 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 March 4, 2018 as the date by which the Commission
shall either approve, disapprove, or institute proceedings to determine
whether to disapprove proposed rule change SR-OCC-2017-022.
---------------------------------------------------------------------------
\7\ Id.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\8\
---------------------------------------------------------------------------
\8\ 17 CFR 200.30-3(a)(31).
---------------------------------------------------------------------------
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-01210 Filed 1-23-18; 8:45 am]
BILLING CODE 8011-01-P
