Self-Regulatory Organizations; LCH SA; Notice of Designation of Longer Period for Commission Action on Proposed Rule Relating To Providing Clearing Services for Additional Index and Single Name CDS, 65629 [2022-23582]
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Federal Register / Vol. 87, No. 209 / Monday, October 31, 2022 / Notices
Commission shall either approve,
disapprove, or institute proceedings to
determine whether to disapprove
proposed rule change SR–LCH SA–
2022–007.
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–96148; File No. SR–LCH
SA–2022–007]
Self-Regulatory Organizations; LCH
SA; Notice of Designation of Longer
Period for Commission Action on
Proposed Rule Relating To Providing
Clearing Services for Additional Index
and Single Name CDS
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.7
J. Matthew DeLesDernier,
Deputy Secretary.
October 25, 2022.
BILLING CODE 8011–01–P
khammond on DSKJM1Z7X2PROD with NOTICES
On August 29, 2022, Banque Centrale
de Compensation, which conducts
business under the name LCH SA (‘‘LCH
SA’’), filed with the Securities and
Exchange Commission (‘‘Commission’’)
the proposed rule change SR–LCH SA–
2022–007 (‘‘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 provide clearing services
for additional index and single name
credit default swaps.3 The Proposed
Rule Change was published for public
comment in the Federal Register on
September 12, 2022.4 The Commission
has not received comments regarding
the proposal described in the Proposed
Rule Change.
Section 19(b)(2) of the Exchange Act 5
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 of
Filing is October 27, 2022. 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
Exchange Act,6 designates December 11,
2022 as the date by which the
1 15
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 See Notice of Filing infra note 4, 87 FR at 55872.
4 Securities Exchange Act Release No. 95674 (Sep.
6, 2022), 87 FR 55872 (Sep. 12, 2022) (File No. SR–
LCH SA–2022–007) (‘‘Notice of Filing’’).
5 15 U.S.C. 78s(b)(2).
6 Id.
2 17
VerDate Sep<11>2014
17:15 Oct 28, 2022
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[FR Doc. 2022–23582 Filed 10–28–22; 8:45 am]
[Release No. 34–96151; File No. SR–
NYSEARCA–2022–69]
Self-Regulatory Organizations; NYSE
Arca, Inc.; Notice of Filing and
Immediate Effectiveness of Proposed
Rule Change To Amend Commentary
.01 of NYSE Arca Rule 2.1210
October 25, 2022.
Pursuant to Section 19(b)(1) 1 of the
Securities Exchange Act of 1934
(‘‘Act’’) 2 and Rule 19b–4 thereunder,3
notice is hereby given that, on October
11, 2022, NYSE Arca, Inc. (‘‘NYSE
Arca’’ or the ‘‘Exchange’’) filed with the
Securities and Exchange Commission
(the ‘‘Commission’’) the proposed rule
change as described in Items I, II, and
III below, which Items have been
prepared by the self-regulatory
organization. The Commission is
publishing this notice to solicit
comments on the proposed rule change
from interested persons.
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
The Exchange proposes to amend
Commentary .01 of NYSE Arca Rule
2.1210 to add text inadvertently omitted
when the rule was adopted. The
proposed rule change is available on the
Exchange’s website at www.nyse.com, at
the principal office of the Exchange, and
at the Commission’s Public Reference
Room.
II. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
In its filing with the Commission, the
self-regulatory organization included
statements concerning the purpose of,
and basis for, the proposed rule change
and discussed any comments it received
7 17
CFR 200.30–3(a)(31).
U.S.C. 78s(b)(1).
2 15 U.S.C. 78a.
3 17 CFR 240.19b–4.
1 15
Frm 00062
Fmt 4703
on the proposed rule change. The text
of those statements may be examined at
the places specified in Item IV below.
The Exchange has prepared summaries,
set forth in sections A, B, and C below,
of the most significant parts of such
statements.
A. Self-Regulatory Organization’s
Statement of the Purpose of, and the
Statutory Basis for, the Proposed Rule
Change
1. Purpose
SECURITIES AND EXCHANGE
COMMISSION
PO 00000
65629
Sfmt 4703
The Exchange proposes to amend
Commentary .01 of NYSE Arca Rule
2.1210 (Registration Requirements) to
add text inadvertently omitted when the
rule was adopted.
Proposed Rule Change
In 2018, the Exchange adopted Rule
2.1210 regarding registration
requirements and related Commentary.4
Rule 2.1210 provides that each person
engaged in the investment banking or
securities business of an ETP Holder,
OTP Holder or OTP Firm must register
with the Exchange as a representative or
principal in each category of registration
appropriate to his or her functions and
responsibilities as specified in Rule
2.1220 (Registration Categories), unless
exempt from registration pursuant to
Rule 2.1230 (Associated Persons Exempt
from Registration). Rule 2.1210 also
provides that such person is not
qualified to function in any registered
capacity other than that for which the
person is registered, unless otherwise
stated in the rules.
Rule 2.1210, Commentary .01,
provides for permissive registrations,
and was adopted in order for the
Exchange to harmonize its rules with
the rules of the Financial Regulatory
Authority, Inc. (‘‘FINRA’’).5 The rule
permits any associated person to obtain
and maintain any registration permitted
by an ETP Holder, OTP Holder or OTP
Firm. As adopted, the first sentence of
Commentary .01 provides as follows:
An ETP Holder, OTP Holder or OTP Firm
may make application for or maintain the
registration as a representative or principal of
any associated person of an ETP Holder, OTP
Holder or OTP Firm and any individual
engaged in the securities business of a foreign
securities affiliate or subsidiary of the ETP
Holder, OTP Holder or OTP Firm.
4 See Securities Exchange Act Release No. 84389
(October 10, 2018), 83 FR 52272 (October 16, 2018)
(SR–NYSEArca–2018–71) (Notice of Filing and
Immediate Effectiveness of Amendments to Rules
Regarding Qualification, Registration and
Continuing Education Applicable to Equity Trading
Permit Holders, Options Trading Permit Holders or
OTP Firms).
5 See id., 83 FR at 52275.
E:\FR\FM\31OCN1.SGM
31OCN1
Agencies
[Federal Register Volume 87, Number 209 (Monday, October 31, 2022)]
[Notices]
[Page 65629]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-23582]
[[Page 65629]]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-96148; File No. SR-LCH SA-2022-007]
Self-Regulatory Organizations; LCH SA; Notice of Designation of
Longer Period for Commission Action on Proposed Rule Relating To
Providing Clearing Services for Additional Index and Single Name CDS
October 25, 2022.
On August 29, 2022, Banque Centrale de Compensation, which conducts
business under the name LCH SA (``LCH SA''), filed with the Securities
and Exchange Commission (``Commission'') the proposed rule change SR-
LCH SA-2022-007 (``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 provide clearing services for additional index
and single name credit default swaps.\3\ The Proposed Rule Change was
published for public comment in the Federal Register on September 12,
2022.\4\ The Commission has not received comments regarding the
proposal described in the Proposed Rule Change.
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ See Notice of Filing infra note 4, 87 FR at 55872.
\4\ Securities Exchange Act Release No. 95674 (Sep. 6, 2022), 87
FR 55872 (Sep. 12, 2022) (File No. SR-LCH SA-2022-007) (``Notice of
Filing'').
---------------------------------------------------------------------------
Section 19(b)(2) of the Exchange Act \5\ 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 of
Filing is October 27, 2022. The Commission is extending this 45-day
time period.
---------------------------------------------------------------------------
\5\ 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
Exchange Act,\6\ designates December 11, 2022 as the date by which the
Commission shall either approve, disapprove, or institute proceedings
to determine whether to disapprove proposed rule change SR-LCH SA-2022-
007.
---------------------------------------------------------------------------
\6\ Id.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\7\
---------------------------------------------------------------------------
\7\ 17 CFR 200.30-3(a)(31).
---------------------------------------------------------------------------
J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2022-23582 Filed 10-28-22; 8:45 am]
BILLING CODE 8011-01-P