Sunshine Act Meeting, 16687 [2023-05694]

Download as PDF Federal Register / Vol. 88, No. 53 / Monday, March 20, 2023 / Notices and the VaR margin calculator available on NSCC’s Risk Client Portal, to monitor their positions and anticipate any potential intraday charges. For these reasons, the Commission believes the Proposed Rule Change would provide members with sufficient information regarding when and how NSCC may collect additional amounts to address the risks of portfolios that experience significant volatility on an intraday basis. The Commission also believes that the specificity regarding how and when NSCC would calculate the intraday volatility charge provides additional transparency over the ‘‘special charge’’ in NSCC’s Rules that allows NSCC to collect a special charge in times of market volatility or price fluctuations. As NSCC states, ‘‘[w]hen the intraday volatility charge is triggered, a special charge would not also be required from a Member to address the same volatility risks.’’ 78 Finally, one commenter asserted that the proposal failed to provide any information regarding what would happen if a member fails to meet an intraday volatility charge.79 However, NSCC’s Rules address a member’s requirement to meet its obligations with respect to required margin, as determined by NSCC, and set forth NSCC’s authority if a member does not meet its obligations.80 Therefore, the Commission disagrees that this proposal should have provided more information on what happens if a member does not meet this type of margin call. Accordingly, the Commission finds that the Proposed Rule Change would enable NSCC to establish, implement, maintain, and enforce written policies and procedures reasonably designed to provide sufficient information to enable members to identify and evaluate the risks, fees, and other material costs they incur as NSCC members, consistent with Rule 17Ad–22(e)(23)(ii). 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 of the Act 81 and the rules lotter on DSK11XQN23PROD with NOTICES1 78 See Notice of Filing, supra note 3, at 43359– 60. 79 Robinhood Letter at 2–3, supra note 69. Rule 4, Section 1 and Procedure XV, Section II(B) of the Rules, supra note 10. See also Letter from Timothy Hulse, Managing Director, DTCC, at 1–2 (Sept. 27, 2022), available at https:// www.sec.gov/comments/sr-nscc-2022-009/ srnscc2022009-20144273-309218.pdf. 81 15 U.S.C. 78q–1. 80 See VerDate Sep<11>2014 17:19 Mar 17, 2023 Jkt 259001 and regulations promulgated thereunder. It is therefore ordered, pursuant to Section 19(b)(2) of the Act 82 that proposed rule change SR–NSCC–2022– 009, be, and hereby is, approved.83 For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.84 Sherry R. Haywood, Assistant Secretary. [FR Doc. 2023–05447 Filed 3–17–23; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION Sunshine Act Meeting Notice is hereby given, pursuant to the provisions of the Government in the Sunshine Act, Public Law 94–409, that the Securities and Exchange Commission will hold an Open Meeting on Wednesday, March 22, 2023 at 10:00 a.m. PLACE: The meeting will be webcast on the Commission’s website at www.sec.gov. STATUS: The meeting will begin at 10:00 a.m. (ET) and will be open to the public via webcast on the Commission’s website at www.sec.gov. MATTERS TO BE CONSIDERED: 1. The Commission will consider whether to adopt amendments to Form PF, the confidential reporting form for certain registered investment advisers to private funds, to require current reporting for certain private fund advisers and revise certain reporting requirements. 2. The Commission will consider whether to: a. Propose to require the electronic filing or submission on the Commission’s Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system, using structured data where appropriate, of several forms, notices, and reports required under the Exchange Act; b. Propose to rescind Form 19b–4(e) and require the information currently contained in Form 19b–4(e) instead to be publicly posted on the listing selfregulatory organization’s website; and remove the requirement in Form 19b–4 for a manual signature and the related manual signature retention requirement; c. Propose to amend the Commission’s Informal and Other TIME AND DATE: 82 15 U.S.C. 78s(b)(2). approving the Proposed Rule Change, the Commission considered its impact on efficiency, competition, and capital formation. 15 U.S.C. 78c(f). 84 17 CFR 200.30–3(a)(12). 83 In PO 00000 Frm 00109 Fmt 4703 Sfmt 4703 16687 Procedures to reflect that Form 1 and Form 1–N would be submitted electronically and to make certain technical revisions; d. Propose to amend the requirement for supplemental materials for registered clearing agencies to require that a clearing agency post to its website the required supplemental information, rather than submit such material in paper copy to the Commission; e. Propose to allow electronic signatures in certain broker-dealer filings and proposing amendments regarding the Financial and Operational Combined Uniform Single Report (Form X–17A–5) to harmonize with other rules, make technical corrections, and provide clarifications; and f. Propose to require that notices made pursuant to Rule 3a71–3(d)(1)(vi) be withdrawn in specified circumstances. CONTACT PERSON FOR MORE INFORMATION: For further information and to ascertain what, if any, matters have been added, deleted or postponed, please contact Vanessa A. Countryman from the Office of the Secretary at (202) 551–5400. Authority: 5 U.S.C. 552b. Dated: March 15, 2023. J. Matthew DeLesDernier, Deputy Secretary. [FR Doc. 2023–05694 Filed 3–16–23; 11:15 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–97136; File No. SR– CboeEDGX–2023–020] Self-Regulatory Organizations; Cboe EDGX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Its Fee Schedule March 14, 2023. 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 10, 2023, Cboe EDGX Exchange, Inc. (‘‘Exchange’’ or ‘‘EDGX’’) 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 Exchange. The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons. 1 15 2 17 U.S.C. 78s(b)(1). CFR 240.19b–4. E:\FR\FM\20MRN1.SGM 20MRN1

Agencies

SECURITIES AND EXCHANGE COMMISSION

[Federal Register Volume 88, Number 53 (Monday, March 20, 2023)]
[Notices]
[Page 16687]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-05694]


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SECURITIES AND EXCHANGE COMMISSION


Sunshine Act Meeting

TIME AND DATE: Notice is hereby given, pursuant to the provisions of 
the Government in the Sunshine Act, Public Law 94-409, that the 
Securities and Exchange Commission will hold an Open Meeting on 
Wednesday, March 22, 2023 at 10:00 a.m.

Place: The meeting will be webcast on the Commission's website at 
www.sec.gov.

Status: The meeting will begin at 10:00 a.m. (ET) and will be open to 
the public via webcast on the Commission's website at www.sec.gov.

MATTERS TO BE CONSIDERED: 
    1. The Commission will consider whether to adopt amendments to Form 
PF, the confidential reporting form for certain registered investment 
advisers to private funds, to require current reporting for certain 
private fund advisers and revise certain reporting requirements.
    2. The Commission will consider whether to:
    a. Propose to require the electronic filing or submission on the 
Commission's Electronic Data Gathering, Analysis, and Retrieval (EDGAR) 
system, using structured data where appropriate, of several forms, 
notices, and reports required under the Exchange Act;
    b. Propose to rescind Form 19b-4(e) and require the information 
currently contained in Form 19b-4(e) instead to be publicly posted on 
the listing self-regulatory organization's website; and remove the 
requirement in Form 19b-4 for a manual signature and the related manual 
signature retention requirement;
    c. Propose to amend the Commission's Informal and Other Procedures 
to reflect that Form 1 and Form 1-N would be submitted electronically 
and to make certain technical revisions;
    d. Propose to amend the requirement for supplemental materials for 
registered clearing agencies to require that a clearing agency post to 
its website the required supplemental information, rather than submit 
such material in paper copy to the Commission;
    e. Propose to allow electronic signatures in certain broker-dealer 
filings and proposing amendments regarding the Financial and 
Operational Combined Uniform Single Report (Form X-17A-5) to harmonize 
with other rules, make technical corrections, and provide 
clarifications; and
    f. Propose to require that notices made pursuant to Rule 3a71-
3(d)(1)(vi) be withdrawn in specified circumstances.

Contact Person for more Information:  For further information and to 
ascertain what, if any, matters have been added, deleted or postponed, 
please contact Vanessa A. Countryman from the Office of the Secretary 
at (202) 551-5400.
    Authority: 5 U.S.C. 552b.

    Dated: March 15, 2023.
J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2023-05694 Filed 3-16-23; 11:15 am]
BILLING CODE 8011-01-P

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