Sunshine Act Meetings, 15281 [2021-05982]

Download as PDF Federal Register / Vol. 86, No. 53 / Monday, March 22, 2021 / Notices SECURITIES AND EXCHANGE COMMISSION SECURITIES AND EXCHANGE COMMISSION Sunshine Act Meetings [Release No. 34–91336; File No. SR–DTC– 2021–003] 2:30 p.m. on Thursday, March 25, 2021. TIME AND DATE: The meeting will be held via remote means and/or at the Commission’s headquarters, 100 F Street NE, Washington, DC 20549. PLACE: This meeting will be closed to the public. STATUS: MATTERS TO BE CONSIDERED: 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. In the event that the time, date, or location of this meeting changes, an announcement of the change, along with the new time, date, and/or place of the meeting will be posted on the Commission’s website at https:// www.sec.gov. The General Counsel of the Commission, or his designee, has certified that, in his opinion, one or more of the exemptions set forth in 5 U.S.C. 552b(c)(3), (5), (6), (7), (8), 9(B) and (10) and 17 CFR 200.402(a)(3), (a)(5), (a)(6), (a)(7), (a)(8), (a)(9)(ii) and (a)(10), permit consideration of the scheduled matters at the closed meeting. The subject matter of the closed meeting will consist of the following topics: Institution and settlement of injunctive actions; Institution and settlement of administrative proceedings; Resolution of litigation claims; and Other matters relating to examinations and enforcement proceedings. At times, changes in Commission priorities require alterations in the scheduling of meeting agenda items that may consist of adjudicatory, examination, litigation, or regulatory matters. jbell on DSKJLSW7X2PROD with NOTICES CONTACT PERSON FOR MORE INFORMATION: For further information; please contact Vanessa A. Countryman from the Office of the Secretary at (202) 551–5400. [FR Doc. 2021–05982 Filed 3–18–21; 4:15 pm] BILLING CODE 8011–01–P 18:46 Mar 19, 2021 March 16, 2021. 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 March 9, 2021, The Depository Trust Company (‘‘DTC’’) filed with the Securities and Exchange Commission (‘‘Commission’’) the proposed rule change as described in Items I, II and III below, which Items have been prepared by the clearing agency. DTC filed the proposed rule change pursuant to Section 19(b)(3)(A) of the Act 3 and Rule 19b–4(f)(2) thereunder.4 The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons. I. Clearing Agency’s Statement of the Terms of Substance of the Proposed Rule Change The proposed rule change of The Depository Trust Company (‘‘DTC’’) would eliminate the requirement that a Participant must confirm its activity statements monthly through DTC’s Participant Inquiry Notification System (‘‘PINS’’) system. Pursuant to the proposed rule change, this requirement would be removed from the DTC PTS/ PBS Functions Guides 5 (‘‘PTS/PBS Guides’’), as described below. In addition, the proposed rule change would revise and add text to clarify Participants’ ongoing obligations to reconcile their respective transaction activity as set forth in the ClaimConnectTM Service Guide, Custody Service Guide, Deposits Service Guide, Distributions Service Guide, Redemptions Service Guide, Reorganizations Service Guide, Settlement Service Guide and Underwriting Service Guide (‘‘Service Guides’’).6 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)(2). 5 Available at https://www.dtcc.com/settlementand-asset-services/edl-ptspbs-function-guides. 6 Available at https://www.dtcc.com/legal/rulesand-procedures. The service guides constitute 2 17 Dated: March 18, 2021. Vanessa A. Countryman, Secretary. VerDate Sep<11>2014 Self-Regulatory Organizations; The Depository Trust Company; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Remove the Requirement for Participants To Submit Monthly Position Confirmations and Clarify Participant Obligation To Reconcile Activity on a Regular Basis Jkt 253001 PO 00000 Frm 00099 Fmt 4703 Sfmt 4703 15281 II. Clearing Agency’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change In its filing with the Commission, the clearing agency included statements concerning the purpose of and basis for the proposed rule change and discussed any comments it received on the proposed rule change. The text of these statements may be examined at the places specified in Item IV below. The clearing agency has prepared summaries, set forth in sections A, B, and C below, of the most significant aspects of such statements. (A) Clearing Agency’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change 1. Purpose The proposed rule change of DTC would eliminate the requirement that a Participant must confirm its activity statements monthly through PINS. Pursuant to the proposed rule change, this requirement would be removed from the PTS/PBS Guides,7 as described below. In addition, the proposed rule change would revise and add text to clarify Participants’ ongoing obligations to reconcile their respective transaction activity and other information as set forth in the Service Guides. Background DTC provides regular reports and statements to Participants showing their settlement activity; this includes activity, risk control monitoring and settlement reports. The Procedures of DTC require Participants to reconcile both their activity and positions with DTC upon receipt of applicable daily activity statements at the end of each day and to immediately report any discrepancies.8 Participants must also provide a month-end confirmation of their activity.9 With respect to the month-end confirmation, the PTS/PBS Guides require each Participant to reconcile and confirm with DTC its month-end securities positions listed on its DTC monthly statement of positions Procedures of DTC. Pursuant to the Rules, the term ‘‘Procedures’’ means the Procedures, service guides, and regulations of DTC adopted pursuant to Rule 27, as amended from time to time. See Rule 1, Section 1, infra note 2. DTC’s Procedures are filed with the Securities and Exchange Commission (‘‘Commission’’). They are binding on DTC and each Participant in the same manner as they are bound by the Rules. See Rule 27, infra note 2. 7 Available at https://www.dtcc.com/settlementand-asset-services/edl-ptspbs-function-guides. 8 See Settlement Service Guide, see supra at 6. 9 See PTS/PBS Guides (PIAR–PUTS), available at https://www.dtcc.com/-/media/Files/Downloads/ Settlement-Asset-Services/EDL/PTS_Functions_ P2.pdf at 20–21. E:\FR\FM\22MRN1.SGM 22MRN1

Agencies

[Federal Register Volume 86, Number 53 (Monday, March 22, 2021)]
[Notices]
[Page 15281]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-05982]



[[Page 15281]]

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SECURITIES AND EXCHANGE COMMISSION


Sunshine Act Meetings

TIME AND DATE:  2:30 p.m. on Thursday, March 25, 2021.

PLACE:  The meeting will be held via remote means and/or at the 
Commission's headquarters, 100 F Street NE, Washington, DC 20549.

STATUS:  This meeting will be closed to the public.

MATTERS TO BE CONSIDERED:  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.
    In the event that the time, date, or location of this meeting 
changes, an announcement of the change, along with the new time, date, 
and/or place of the meeting will be posted on the Commission's website 
at https://www.sec.gov.
    The General Counsel of the Commission, or his designee, has 
certified that, in his opinion, one or more of the exemptions set forth 
in 5 U.S.C. 552b(c)(3), (5), (6), (7), (8), 9(B) and (10) and 17 CFR 
200.402(a)(3), (a)(5), (a)(6), (a)(7), (a)(8), (a)(9)(ii) and (a)(10), 
permit consideration of the scheduled matters at the closed meeting.
    The subject matter of the closed meeting will consist of the 
following topics:
    Institution and settlement of injunctive actions;
    Institution and settlement of administrative proceedings;
    Resolution of litigation claims; and
    Other matters relating to examinations and enforcement proceedings.
    At times, changes in Commission priorities require alterations in 
the scheduling of meeting agenda items that may consist of 
adjudicatory, examination, litigation, or regulatory matters.

CONTACT PERSON FOR MORE INFORMATION:  For further information; please 
contact Vanessa A. Countryman from the Office of the Secretary at (202) 
551-5400.

    Dated: March 18, 2021.
Vanessa A. Countryman,
Secretary.
[FR Doc. 2021-05982 Filed 3-18-21; 4:15 pm]
BILLING CODE 8011-01-P
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