Submission for OMB Review; Comment Request; Extension: Schedule 14D-9F, 51469 [2022-17983]
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Federal Register / Vol. 87, No. 161 / Monday, August 22, 2022 / Notices
liquidity by maintaining sufficient
liquid resources at the minimum in all
relevant currencies to effect same-day
and, where appropriate, intraday and
multiday settlement of payment
obligations with a high degree of
confidence under a wide range of
foreseeable stress scenarios that
includes, but is not limited to, the
default of the participant family that
would generate the largest aggregate
payment obligation for ICC in extreme
but plausible market conditions.16 Rule
17Ad–22(e)(7)(vi) 17 requires ICC to
establish, implement, maintain, and
enforce written policies and procedures
reasonably designed, as applicable, to
effectively measure, monitor, and
manage the liquidity risk that arises in
or is borne by it, including determining
the amount and regularly testing the
sufficiency of the liquid resources held
for purposes of meeting the minimum
liquid resource requirement under Rule
17Ad–22(e)(7)(i).18
The Commission believes that the
proposed changes noted above provide
further clarity and transparency
regarding ICC’s liquidity stress testing
practices to strengthen the
documentation surrounding ICC’s
liquidity stress testing and liquidity risk
management, including by providing
additional scenario descriptions. The
Commission believes that the
introduction of the COVID–19/Oil Crisis
Spread Scenarios would complement
the current scenarios and, in turn,
widen the range of stress scenarios that
ICC employs to monitor and manage its
liquidity risks. The Commission further
believes that introduction of the
COVID–19/Oil Crisis Spread Scenarios
would improve ICC’s testing of the
sufficiency of its liquid resources, by
providing additional insights and
information using spread-based
scenarios.
The Commission believes that the
proposed clarification and clean-up
changes provide further clarity and
transparency regarding ICC’s liquidity
risk management practices in the LRMF,
including by promoting uniformity with
the STF, ensuring consistency between
the LRMF and the ICC Rules regarding
the client-related liquidity
requirements, and ensuring that
information and references are current,
including in Table 1 which sets out the
liquidity stress testing scenarios. The
Commission believes that these
proposed changes would strengthen
ICC’s STF and LRMF and aid users of
16 17
CFR 240.17Ad–22(e)(7)(i).
CFR 240.17Ad–22(e)(7)(vi).
18 17 CFR 240.17Ad–22(e)(7)(i).
17 17
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the documentation in managing ICC’s
liquid resources.
For the reasons stated above, the
Commission believes that the proposed
rule changes are consistent with Rules
17Ad–22(e)(7)(i) and (vi).19
IV. Conclusion
On the basis of the foregoing, the
Commission finds that the proposed
rule change is consistent with the
requirements of the Act, and in
particular, with the requirements of
Section 17A(b)(3)(F) of the Act 20 and
Rule 17Ad–22(e)(4)(ii) and (vi), and
Rule 17Ad–22 (e)(7)(i) and (vi)
thereunder.21
It is therefore ordered pursuant to
Section 19(b)(2) of the Act 22 that the
proposed rule change (SR–ICC–2022–
008), be, and hereby is, approved.23
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.24
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2022–17947 Filed 8–19–22; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–339, OMB Control No.
3235–0382]
Submission for OMB Review;
Comment Request; Extension:
Schedule 14D–9F
Upon Written Request Copies Available
From: Securities and Exchange
Commission, Office of FOIA Services,
100 F Street NE, Washington, DC
20549–2736.
Notice is hereby given that, pursuant
to the Paperwork Reduction Act of 1995
(44 U.S.C. 3501 et seq.), the Securities
and Exchange Commission
(‘‘Commission’’) has submitted to the
Office of Management and Budget this
request for extension of the previously
approved collection of information
discussed below.
Schedule 14D–9F (17 CFR 240.14d–
103) under the Securities Exchange Act
of 1934 (15 U.S.C. 78 et seq.) is used by
any foreign private issuer incorporated
or organized under the laws of Canada
or by any director or officer of such
19 17
CFR 240.17Ad–22(e)(7)(i) and (vi).
U.S.C. 78q–1(b)(3)(F).
21 17 CFR 240.17Ad–22(e)(4)(ii) and (vi) and
(e)(7)(i) and (vi).
22 15 U.S.C. 78s(b)(2).
23 In approving the proposed rule change, the
Commission considered the proposal’s impact on
efficiency, competition, and capital formation. 15
U.S.C. 78c(f).
24 17 CFR 200.30–3(a)(12).
20 15
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51469
issuer, where the issuer is the subject of
a cash tender or exchange offer for a
class of securities filed on Schedule
14D–1F. The information required to be
filed with the Commission is intended
to permit verification of compliance
with the securities law requirements
and assures the public availability of
such information. The information
provided is mandatory and all
information is made available to the
public upon request. We estimate that
Schedule 14D–9F takes approximately 2
hours per response to prepare and is
filed by approximately 2 respondents
annually for a total reporting burden of
4 hours (2 hours per response × 2
responses).
An agency may conduct or sponsor,
and a person is not required to respond
to, a collection of information unless it
displays a currently valid control
number.
The public may view background
documentation for this information
collection at the following website:
www.reginfo.gov. Find this particular
information collection by selecting
‘‘Currently under 30-day Review—Open
for Public Comments’’ or by using the
search function. Written comments and
recommendations for the proposed
information collection should be sent
within 30 days of publication of this
notice by September 21, 2022 to (i)
www.reginfo.gov/public/do/PRAMain
and (ii) David Bottom, Director/Chief
Information Officer, Securities and
Exchange Commission, c/o John
Pezzullo, 100 F Street NE, Washington,
DC 20549, or by sending an email to:
PRA_Mailbox@sec.gov.
Dated: August 16, 2022.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2022–17983 Filed 8–19–22; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–332, OMB Control No.
3235–0378]
Submission for OMB Review;
Comment Request; Extension: Form
F–8
Upon Written Request Copies Available
From: Securities and Exchange
Commission, Office of FOIA Services,
100 F Street NE, Washington, DC
20549–2736.
Notice is hereby given that, pursuant
to the Paperwork Reduction Act of 1995
(44 U.S.C. 3501 et seq.), the Securities
and Exchange Commission
(‘‘Commission’’) has submitted to the
E:\FR\FM\22AUN1.SGM
22AUN1
]]>Agencies
[Federal Register Volume 87, Number 161 (Monday, August 22, 2022)]
[Notices]
[Page 51469]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-17983]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-339, OMB Control No. 3235-0382]
Submission for OMB Review; Comment Request; Extension: Schedule
14D-9F
Upon Written Request Copies Available From: Securities and Exchange
Commission, Office of FOIA Services, 100 F Street NE, Washington, DC
20549-2736.
Notice is hereby given that, pursuant to the Paperwork Reduction
Act of 1995 (44 U.S.C. 3501 et seq.), the Securities and Exchange
Commission (``Commission'') has submitted to the Office of Management
and Budget this request for extension of the previously approved
collection of information discussed below.
Schedule 14D-9F (17 CFR 240.14d-103) under the Securities Exchange
Act of 1934 (15 U.S.C. 78 et seq.) is used by any foreign private
issuer incorporated or organized under the laws of Canada or by any
director or officer of such issuer, where the issuer is the subject of
a cash tender or exchange offer for a class of securities filed on
Schedule 14D-1F. The information required to be filed with the
Commission is intended to permit verification of compliance with the
securities law requirements and assures the public availability of such
information. The information provided is mandatory and all information
is made available to the public upon request. We estimate that Schedule
14D-9F takes approximately 2 hours per response to prepare and is filed
by approximately 2 respondents annually for a total reporting burden of
4 hours (2 hours per response x 2 responses).
An agency may conduct or sponsor, and a person is not required to
respond to, a collection of information unless it displays a currently
valid control number.
The public may view background documentation for this information
collection at the following website: www.reginfo.gov. Find this
particular information collection by selecting ``Currently under 30-day
Review--Open for Public Comments'' or by using the search function.
Written comments and recommendations for the proposed information
collection should be sent within 30 days of publication of this notice
by September 21, 2022 to (i) www.reginfo.gov/public/do/PRAMain and (ii)
David Bottom, Director/Chief Information Officer, Securities and
Exchange Commission, c/o John Pezzullo, 100 F Street NE, Washington, DC
20549, or by sending an email to: [email protected].
Dated: August 16, 2022.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2022-17983 Filed 8-19-22; 8:45 am]
BILLING CODE 8011-01-P
