Self-Regulatory Organizations; The Depository Trust Company; Fixed Income Clearing Corporation; National Securities Clearing Corporation; Notice of Designation of Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove Proposed Rule Changes To Adopt a Recovery & Wind-Down Plan and Related Rules, 30785 [2018-13974]

Download as PDF Federal Register / Vol. 83, No. 126 / Friday, June 29, 2018 / Notices 30785 Documents ADAMS accession Nos./web links License Amendment Request, December 19, 2014 ........................................................................................ LTP Revision 1, July 20, 2017 ......................................................................................................................... LTP Revision 2, February 7, 2018 ................................................................................................................... Final EA ............................................................................................................................................................ NUREG–0586, Supplement 1, Decommissioning GEIS .................................................................................. ML15005A336 ML17215A095 ML18052A857 ML18172A176 https://www.nrc.gov/reading-rm/doccollections/nuregs/staff/sr0586/ ML18095A987 ML18124A018 ML18108A345 ML18157A315 Transmittal of Draft EA to IEMA, April 2, 2018 ................................................................................................ IEMA Comments on Draft EA, May 3, 2018 .................................................................................................... Transmittal of Draft EA to FWS, April 5, 2018 ................................................................................................. FWS Concurrence on NRC Determination, May 31, 2018 .............................................................................. Dated at Rockville, Maryland, this 26th day of June 2018. For the Nuclear Regulatory Commission. Craig G. Erlanger, Director, Division of Fuel Cycle Safety, Safeguards and Environmental Review, Office of Nuclear Material Safety and Safeguards. [FR Doc. 2018–14004 Filed 6–28–18; 8:45 am] BILLING CODE 7590–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–83509; File Nos. SR–DTC– 2017–021; SR–FICC–2017–021; SR–NSCC– 2017–017] Self-Regulatory Organizations; The Depository Trust Company; Fixed Income Clearing Corporation; National Securities Clearing Corporation; Notice of Designation of Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove Proposed Rule Changes To Adopt a Recovery & WindDown Plan and Related Rules June 25, 2018. On December 18, 2017, The Depository Trust Company (‘‘DTC’’), Fixed Income Clearing Corporation (‘‘FICC’’), and National Securities Clearing Corporation (‘‘NSCC’’) (collectively, ‘‘Clearing Agencies’’), each filed with the Securities and Exchange Commission (‘‘Commission’’) a proposed rule change to adopt a recovery and wind-down plan and related rules (SR–DTC–2017–021, SR– FICC–2017–021, and SR–NSCC–2017– 017), respectively (‘‘Proposed Rule Changes’’), pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (‘‘Act’’) 1 and Rule 19b–4 thereunder.2 sradovich on DSK3GMQ082PROD with NOTICES 1 15 U.S.C. 78s(b)(1). CFR 240.19b–4. On December 18, 2018, the Clearing Agencies each filed these proposals as advance notices (SR–DTC–2017–803, SR–FICC– 2017–805, SR–NSCC–2017–805) with the Commission pursuant to Section 806(e)(1) of the Payment, Clearing, and Settlement Supervision Act of 2010 (‘‘Clearing Supervision Act’’) and Rule 19b– 4(n)(1)(i) of the Act (‘‘Advance Notices’’). On January 30, 2018, the Commission published in the Federal Register notices of filing of the Advance 2 17 VerDate Sep<11>2014 17:58 Jun 28, 2018 Jkt 244001 The Proposed Rule Changes were published for comment in the Federal Register on January 8, 2018.3 On February 8, 2018, the Commission designated a longer period within which to approve, disapprove, or institute proceedings to determine whether to approve or disapprove the Proposed Rule Changes.4 On March 20, 2018, the Commission instituted proceedings pursuant to Section 19(b)(2)(B) of the Act 5 to determine whether to approve or disapprove the Proposed Rule Changes.6 The Commission did not receive any comments on the Proposed Rule Changes. Section 19(b)(2) of the Act 7 provides that proceedings to determine whether to approve or disapprove a proposed rule change must be concluded within 180 days of the date of publication of notice of filing of the proposed rule change. The time for conclusion of the proceedings may be extended for up to Notices. These notices also extended the review periods for the Advance Notices pursuant to Section 806(e)(1)(H) of the Clearing Supervision Act. (12 U.S.C. 5465(e)(1)(H).) See Securities Exchange Act Release Nos. 82579 (January 24, 2018), 83 FR 4310 (January 30, 2018) (SR–DTC– 2017–803); 82580 (January 24, 2018), 83 FR 4341 (January 30, 2018) (SR–FICC–2017–805); 82581 (January 24, 2018), 83 FR 4327 (January 30, 2018) (SR–NSCC–2017–805). On April 10, 2018, the Commission required further information for consideration of the Advance Notices, pursuant to Section 806(e)(1)(D) of the Clearing Supervision Act, which provided the Commission with a renewed 60-day review period beginning on the date that the information requested is received by the Commission. (12 U.S.C. 5465(e)(1)(D).) As of the date of this release, the Commission has not yet received the requested information. 3 Securities Exchange Act Release Nos. 82432 (January 2, 2018), 83 FR 884 (January 8, 2018) (SR– DTC–2017–021); 82431 (January 2, 2018), 83 FR 871 (January 8, 2018) (SR–FICC–2017–021); 82430 (January 2, 2018), 83 FR 841 (January 8, 2018) (SR– NSCC–2017–017). 4 Securities Exchange Act Release No. 82669 (February 8, 2018), 83 FR 6653 (February 14, 2018) (SR–DTC–2017–021; SR–FICC–2017–021; SR– NSCC–2017–017). 5 15 U.S.C. 78s(b)(2)(B). 6 Securities Exchange Act Release Nos. 82912 (March 20, 2018), 83 FR 12999 (March 26, 2018) (SR–DTC–2017–021); 82913 (March 20, 2018), 83 FR 12997 (March 26, 2018) (SR–FICC–2017–021); 82908 (March 20, 2018), 83 FR 12986 (March 26, 2018) (SR–NSCC–2017–017). 7 15 U.S.C. 78s(b)(2). PO 00000 Frm 00103 Fmt 4703 Sfmt 9990 60 days if the Commission determines that a longer period is appropriate and publishes the reasons for such determination.8 The 180th day for the Proposed Rule Changes is July 7, 2018. The Commission is extending the period for Commission action on the Proposed Rule Changes. The Commission finds that it is appropriate to designate a longer period within which to take action on the Proposed Rule Changes so that the Commission has sufficient time to consider the issues raised by the Proposed Rule Changes and to take action on the Proposed Rule Changes. The proposal shall not take effect until all regulatory actions required with respect to the proposal are completed.9 Accordingly, pursuant to Section 19(b)(2)(B)(ii)(II) of the Act 10 and for the reasons stated above, the Commission designates September 5, 2018, as the date by which the Commission should either approve or disapprove proposed rule changes SR–DTC–2017–021, SR– FICC–2017–021, and SR–NSCC–2017– 017. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.11 Eduardo A. Aleman, Assistant Secretary. [FR Doc. 2018–13974 Filed 6–28–18; 8:45 am] BILLING CODE 8011–01–P 8 15 U.S.C. 78s(b)(2)(B)(ii)(II). supra note 2. 10 15 U.S.C. 78s(b)(2)(B)(ii)(II). 11 17 CFR 200.30–3(a)(57). 9 See E:\FR\FM\29JNN1.SGM 29JNN1

Agencies

SECURITIES AND EXCHANGE COMMISSION

[Federal Register Volume 83, Number 126 (Friday, June 29, 2018)]
[Notices]
[Page 30785]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-13974]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-83509; File Nos. SR-DTC-2017-021; SR-FICC-2017-021; SR-
NSCC-2017-017]


Self-Regulatory Organizations; The Depository Trust Company; 
Fixed Income Clearing Corporation; National Securities Clearing 
Corporation; Notice of Designation of Longer Period for Commission 
Action on Proceedings To Determine Whether To Approve or Disapprove 
Proposed Rule Changes To Adopt a Recovery & Wind-Down Plan and Related 
Rules

June 25, 2018.
    On December 18, 2017, The Depository Trust Company (``DTC''), Fixed 
Income Clearing Corporation (``FICC''), and National Securities 
Clearing Corporation (``NSCC'') (collectively, ``Clearing Agencies''), 
each filed with the Securities and Exchange Commission (``Commission'') 
a proposed rule change to adopt a recovery and wind-down plan and 
related rules (SR-DTC-2017-021, SR-FICC-2017-021, and SR-NSCC-2017-
017), respectively (``Proposed Rule Changes''), pursuant to Section 
19(b)(1) of the Securities Exchange Act of 1934 (``Act'') \1\ and Rule 
19b-4 thereunder.\2\ The Proposed Rule Changes were published for 
comment in the Federal Register on January 8, 2018.\3\ On February 8, 
2018, the Commission designated a longer period within which to 
approve, disapprove, or institute proceedings to determine whether to 
approve or disapprove the Proposed Rule Changes.\4\ On March 20, 2018, 
the Commission instituted proceedings pursuant to Section 19(b)(2)(B) 
of the Act \5\ to determine whether to approve or disapprove the 
Proposed Rule Changes.\6\ The Commission did not receive any comments 
on the Proposed Rule Changes.
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4. On December 18, 2018, the Clearing 
Agencies each filed these proposals as advance notices (SR-DTC-2017-
803, SR-FICC-2017-805, SR-NSCC-2017-805) with the Commission 
pursuant to Section 806(e)(1) of the Payment, Clearing, and 
Settlement Supervision Act of 2010 (``Clearing Supervision Act'') 
and Rule 19b-4(n)(1)(i) of the Act (``Advance Notices''). On January 
30, 2018, the Commission published in the Federal Register notices 
of filing of the Advance Notices. These notices also extended the 
review periods for the Advance Notices pursuant to Section 
806(e)(1)(H) of the Clearing Supervision Act. (12 U.S.C. 
5465(e)(1)(H).) See Securities Exchange Act Release Nos. 82579 
(January 24, 2018), 83 FR 4310 (January 30, 2018) (SR-DTC-2017-803); 
82580 (January 24, 2018), 83 FR 4341 (January 30, 2018) (SR-FICC-
2017-805); 82581 (January 24, 2018), 83 FR 4327 (January 30, 2018) 
(SR-NSCC-2017-805). On April 10, 2018, the Commission required 
further information for consideration of the Advance Notices, 
pursuant to Section 806(e)(1)(D) of the Clearing Supervision Act, 
which provided the Commission with a renewed 60-day review period 
beginning on the date that the information requested is received by 
the Commission. (12 U.S.C. 5465(e)(1)(D).) As of the date of this 
release, the Commission has not yet received the requested 
information.
    \3\ Securities Exchange Act Release Nos. 82432 (January 2, 
2018), 83 FR 884 (January 8, 2018) (SR-DTC-2017-021); 82431 (January 
2, 2018), 83 FR 871 (January 8, 2018) (SR-FICC-2017-021); 82430 
(January 2, 2018), 83 FR 841 (January 8, 2018) (SR-NSCC-2017-017).
    \4\ Securities Exchange Act Release No. 82669 (February 8, 
2018), 83 FR 6653 (February 14, 2018) (SR-DTC-2017-021; SR-FICC-
2017-021; SR-NSCC-2017-017).
    \5\ 15 U.S.C. 78s(b)(2)(B).
    \6\ Securities Exchange Act Release Nos. 82912 (March 20, 2018), 
83 FR 12999 (March 26, 2018) (SR-DTC-2017-021); 82913 (March 20, 
2018), 83 FR 12997 (March 26, 2018) (SR-FICC-2017-021); 82908 (March 
20, 2018), 83 FR 12986 (March 26, 2018) (SR-NSCC-2017-017).
---------------------------------------------------------------------------

    Section 19(b)(2) of the Act \7\ provides that proceedings to 
determine whether to approve or disapprove a proposed rule change must 
be concluded within 180 days of the date of publication of notice of 
filing of the proposed rule change. The time for conclusion of the 
proceedings may be extended for up to 60 days if the Commission 
determines that a longer period is appropriate and publishes the 
reasons for such determination.\8\ The 180th day for the Proposed Rule 
Changes is July 7, 2018.
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    \7\ 15 U.S.C. 78s(b)(2).
    \8\ 15 U.S.C. 78s(b)(2)(B)(ii)(II).
---------------------------------------------------------------------------

    The Commission is extending the period for Commission action on the 
Proposed Rule Changes. The Commission finds that it is appropriate to 
designate a longer period within which to take action on the Proposed 
Rule Changes so that the Commission has sufficient time to consider the 
issues raised by the Proposed Rule Changes and to take action on the 
Proposed Rule Changes. The proposal shall not take effect until all 
regulatory actions required with respect to the proposal are 
completed.\9\
---------------------------------------------------------------------------

    \9\ See supra note 2.
---------------------------------------------------------------------------

    Accordingly, pursuant to Section 19(b)(2)(B)(ii)(II) of the Act 
\10\ and for the reasons stated above, the Commission designates 
September 5, 2018, as the date by which the Commission should either 
approve or disapprove proposed rule changes SR-DTC-2017-021, SR-FICC-
2017-021, and SR-NSCC-2017-017.
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    \10\ 15 U.S.C. 78s(b)(2)(B)(ii)(II).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\11\
---------------------------------------------------------------------------

    \11\ 17 CFR 200.30-3(a)(57).
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Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-13974 Filed 6-28-18; 8:45 am]
 BILLING CODE 8011-01-P

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