Self-Regulatory Organizations; the Options Clearing Corporation; Notice of Designation of Longer Period for Commission Action on Proposed Rule Change Concerning the Options Clearing Corporation's Margin Methodology for Incorporating Variations in Implied Volatility, 18451 [2022-06626]
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Federal Register / Vol. 87, No. 61 / Wednesday, March 30, 2022 / Notices
Commission takes such action, the
Commission shall institute proceedings
to determine whether the proposed rule
change should be approved or
disapproved.
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:
khammond on DSKJM1Z7X2PROD with NOTICES
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–2022–012 on the subject line.
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–2022–012. 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
to make available publicly. All
submissions should refer to File
Number SR–CBOE–2022–012 and
should be submitted on or before April
20, 2022.
VerDate Sep<11>2014
17:14 Mar 29, 2022
Jkt 256001
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.54
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2022–06635 Filed 3–29–22; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–94503; File No. SR–OCC–
2022–001]
Self-Regulatory Organizations; the
Options Clearing Corporation; Notice
of Designation of Longer Period for
Commission Action on Proposed Rule
Change Concerning the Options
Clearing Corporation’s Margin
Methodology for Incorporating
Variations in Implied Volatility
March 24, 2022.
On January 24, 2022, the Options
Clearing Corporation (‘‘OCC’’) filed with
the Securities and Exchange
Commission (‘‘Commission’’) the
proposed rule change SR–OCC–2022–
001 (‘‘Proposed Rule Change’’) pursuant
to Section 19(b) of the Securities
Exchange Act of 1934 (‘‘Exchange
Act’’) 1 and Rule 19b–4 2 thereunder to
change quantitative models related to
certain volatility products.3 The
Proposed Rule Change was published
for public comment in the Federal
Register on February 11, 2022.4 The
Commission received a comment
regarding the Proposed Rule Change.5
Section 19(b)(2)(i) of the Exchange
Act 6 provides that, within 45 days of
the publication of notice of the filing of
a proposed rule change, the Commission
shall either approve the proposed rule
change, disapprove the proposed rule
change, or institute proceedings to
determine whether the proposed rule
54 17
CFR 200.30–3(a)(12).
U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
3 See Notice of Filing infra note 4, at 87 FR 8072.
4 Securities Exchange Act Release No. 94165 (Feb.
7, 2022), 87 FR 8072 (Feb. 11, 2022) (File No. SR–
OCC–2022–001) (‘‘Notice of Filing’’). OCC also filed
a related advance notice (SR–OCC–2022–801)
(‘‘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 and Rule 19b–4(n)(1)(i)
under the Exchange Act. 12 U.S.C. 5465(e)(1). 15
U.S.C. 78s(b)(1) and 17 CFR 240.19b–4,
respectively. The Advance Notice was published in
the Federal Register on February 11, 2022.
Securities Exchange Act Release No. 94166 (Feb. 7,
2022), 87 FR 8063 (Feb. 11, 2022) (File No. SR–
OCC–2022–801).
5 The comment on the Proposed Rule Change is
available at https://www.sec.gov/comments/sr-occ2022-001/srocc2022001.htm.
6 15 U.S.C. 78s(b)(2)(i).
1 15
PO 00000
Frm 00102
Fmt 4703
Sfmt 4703
18451
change should be disapproved unless
the Commission extends the period
within which it must act as provided in
Section 19(b)(2)(ii) of the Exchange
Act.7 Section 19(b)(2)(ii) of the
Exchange Act allows the Commission to
designate a longer period for review (up
to 90 days from the publication of notice
of the filing of a proposed rule change)
if the Commission finds such longer
period to be appropriate and publishes
its reasons for so finding, or as to which
the self-regulatory organization
consents.8
The 45th day after publication of the
Notice of Filing is March 28, 2022. 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 and therefore
is extending this 45-day time period.
Accordingly, the Commission,
pursuant to Section 19(b)(2) of the
Exchange Act,9 designates May 12, 2022
as the date by which the Commission
shall either approve, disapprove, or
institute proceedings to determine
whether to disapprove proposed rule
change SR–OCC–2022–001.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.10
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2022–06626 Filed 3–29–22; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–94495; File No. SR–DTC–
2021–017]
Self-Regulatory Organizations; The
Depository Trust Company; Order
Instituting Proceedings To Determine
Whether To Approve or Disapprove a
Proposed Rule Change To Enhance
Capital Requirements and Make Other
Changes
March 23, 2022.
I. Introduction
On December 13, 2021, The
Depository Trust Company (‘‘DTC’’)
filed with the Securities and Exchange
Commission (‘‘Commission’’) proposed
rule change SR–DTC–2021–017 (the
‘‘Proposed Rule Change’’) pursuant to
Section 19(b)(1) of the Securities
7 15
U.S.C. 78 s(b)(2)(ii).
8 Id.
9 Id.
10 17
E:\FR\FM\30MRN1.SGM
CFR 200.30–3(a)(31).
30MRN1
]]>Agencies
[Federal Register Volume 87, Number 61 (Wednesday, March 30, 2022)]
[Notices]
[Page 18451]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-06626]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-94503; File No. SR-OCC-2022-001]
Self-Regulatory Organizations; the Options Clearing Corporation;
Notice of Designation of Longer Period for Commission Action on
Proposed Rule Change Concerning the Options Clearing Corporation's
Margin Methodology for Incorporating Variations in Implied Volatility
March 24, 2022.
On January 24, 2022, the Options Clearing Corporation (``OCC'')
filed with the Securities and Exchange Commission (``Commission'') the
proposed rule change SR-OCC-2022-001 (``Proposed Rule Change'')
pursuant to Section 19(b) of the Securities Exchange Act of 1934
(``Exchange Act'') \1\ and Rule 19b-4 \2\ thereunder to change
quantitative models related to certain volatility products.\3\ The
Proposed Rule Change was published for public comment in the Federal
Register on February 11, 2022.\4\ The Commission received a comment
regarding the Proposed Rule Change.\5\
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ See Notice of Filing infra note 4, at 87 FR 8072.
\4\ Securities Exchange Act Release No. 94165 (Feb. 7, 2022), 87
FR 8072 (Feb. 11, 2022) (File No. SR-OCC-2022-001) (``Notice of
Filing''). OCC also filed a related advance notice (SR-OCC-2022-801)
(``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 and Rule 19b-4(n)(1)(i) under the
Exchange Act. 12 U.S.C. 5465(e)(1). 15 U.S.C. 78s(b)(1) and 17 CFR
240.19b-4, respectively. The Advance Notice was published in the
Federal Register on February 11, 2022. Securities Exchange Act
Release No. 94166 (Feb. 7, 2022), 87 FR 8063 (Feb. 11, 2022) (File
No. SR-OCC-2022-801).
\5\ The comment on the Proposed Rule Change is available at
https://www.sec.gov/comments/sr-occ-2022-001/srocc2022001.htm.
---------------------------------------------------------------------------
Section 19(b)(2)(i) of the Exchange Act \6\ provides that, within
45 days of the publication of notice of the filing of a proposed rule
change, 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 unless
the Commission extends the period within which it must act as provided
in Section 19(b)(2)(ii) of the Exchange Act.\7\ Section 19(b)(2)(ii) of
the Exchange Act allows the Commission to designate a longer period for
review (up to 90 days from the publication of notice of the filing of a
proposed rule change) if the Commission finds such longer period to be
appropriate and publishes its reasons for so finding, or as to which
the self-regulatory organization consents.\8\
---------------------------------------------------------------------------
\6\ 15 U.S.C. 78s(b)(2)(i).
\7\ 15 U.S.C. 78 s(b)(2)(ii).
\8\ Id.
---------------------------------------------------------------------------
The 45th day after publication of the Notice of Filing is March 28,
2022. 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 and therefore is extending this 45-day time
period.
Accordingly, the Commission, pursuant to Section 19(b)(2) of the
Exchange Act,\9\ designates May 12, 2022 as the date by which the
Commission shall either approve, disapprove, or institute proceedings
to determine whether to disapprove proposed rule change SR-OCC-2022-
001.
---------------------------------------------------------------------------
\9\ Id.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\10\
---------------------------------------------------------------------------
\10\ 17 CFR 200.30-3(a)(31).
---------------------------------------------------------------------------
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2022-06626 Filed 3-29-22; 8:45 am]
BILLING CODE 8011-01-P
