Self-Regulatory Organizations; Options Clearing Corporation; Notice of Designation of Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change, as Modified by Partial Amendment No. 1, Concerning Clearing Member Cybersecurity Obligations, 68211 [2023-21784]

Download as PDF Federal Register / Vol. 88, No. 190 / Tuesday, October 3, 2023 / Notices 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 a.m. and 3 p.m. Copies of the filing also will be available for inspection and copying at the principal office of the Exchange. Do not include personal identifiable information in submissions; you should submit only information that you wish to make available publicly. We may redact in part or withhold entirely from publication submitted material that is obscene or subject to copyright protection. All submissions should refer to file number SR–NYSEARCA–2023–58 and should be submitted on or before October 24, 2023. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.91 Sherry R. Haywood, Assistant Secretary. [FR Doc. 2023–21789 Filed 10–2–23; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–98559; File No. SR–OCC– 2023–003] Securities Exchange Act of 1934 (‘‘Exchange Act’’) 1 and Rule 19b–4 2 thereunder to amend certain provisions in OCC’s Rules relating to each Clearing Member’s obligation to address a ’’Security Incident’’ (i.e., the occurrence of a cyber-related disruption or intrusion) of that Clearing Member.3 The proposed rule change was published for public comment in the Federal Register on April 5, 2023.4 The Commission has received comments regarding the proposed rule change.5 On May 18, 2023, pursuant to Section 19(b)(2) of the Exchange Act,6 the Commission designated a longer period within which to approve, disapprove, or institute proceedings to determine whether to approve or disapprove the proposed rule change.7 On May 24, 2023, OCC filed Partial Amendment No. 1 to the proposed rule change.8 On July 3, 2023, the Commission instituted proceedings, pursuant to Section 19(b)(2)(B) of the Exchange Act,9 to determine whether to approve or disapprove the Proposed Rule Change, as modified by Partial Amendment No. 1 (hereinafter defined as ‘‘Proposed Rule Change’’).10 Section 19(b)(2) of the Exchange Act 11 provides that proceedings to determine whether to approve or disapprove a proposed rule change must be concluded within 180 days of the date of publication of notice of filing of the proposed rule change. The time for conclusion of the proceedings may be extended for up to 60 days if the Commission determines that a longer period is appropriate and publishes the reasons for such determination.12 The 180th day after publication of the Notice in the Federal Register is October 2, 2023. The Commission is extending the period for Commission action on the Proposed Rule Change. The Commission 1 15 ddrumheller on DSK120RN23PROD with NOTICES1 Self-Regulatory Organizations; Options Clearing Corporation; Notice of Designation of Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change, as Modified by Partial Amendment No. 1, Concerning Clearing Member Cybersecurity Obligations September 27, 2023. On March 21, 2023, the Options Clearing Corporation (‘‘OCC’’) filed with the Securities and Exchange Commission (‘‘Commission’’) the proposed rule change SR–OCC–2023– 003 pursuant to Section 19(b) of the 91 17 CFR 200.30–3(a)(12). VerDate Sep<11>2014 20:04 Oct 02, 2023 Jkt 262001 U.S.C. 78s(b)(1). CFR 240.19b–4. 3 See Notice of Filing infra note 4, at 88 FR at 20195. 4 Securities Exchange Act Release No. 97225 (Mar. 30, 2023), 88 FR 20195 (Apr. 5, 2023) (File No. SR–OCC–2023–003) (‘‘Notice of Filing’’). 5 Comments on the proposed rule change are available at https://www.sec.gov/comments/sr-occ2023-003/srocc2023003.htm. 6 15 U.S.C. 78s(b)(2). 7 Securities Exchange Act Release No. 97525 (May 18, 2023), 88 FR 33655 (May 24, 2023) (File No. SR– OCC–2023–003). 8 Securities Exchange Act Release No. 97602 (May 26, 2023), 88 FR 36351 (Jun. 2, 2023) (File No. SR– OCC–2023–003) (‘‘Partial Amendment No. 1’’). 9 15 U.S.C. 78s(b)(2)(B). 10 Securities Exchange Act Release No. 97832 (July 3, 2023), 88 FR 43640 (July 10, 2023) (File No. SR–OCC–2023–003). 11 15 U.S.C. 78s(b)(2). 12 15 U.S.C 78s(b)(2)(B)(ii)(II). 2 17 PO 00000 Frm 00118 Fmt 4703 Sfmt 4703 68211 finds that it is appropriate to designate a longer period within which to take action on the Proposed Rule Change so that the Commission has sufficient time to consider the issues raised by the Proposed Rule Change and to take action on the Proposed Rule Change. Accordingly, pursuant to Section 19(b)(2)(B)(ii)(II) of the Exchange Act,13 the Commission designates December 1, 2023, as the date by which the Commission should either approve or disapprove the Proposed Rule Change SR–OCC–2023–003. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.14 Sherry R. Haywood, Assistant Secretary. [FR Doc. 2023–21784 Filed 10–2–23; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–98572; File No. SR–ICC– 2023–013] Self-Regulatory Organizations; ICE Clear Credit LLC; Order Approving Proposed Rule Change Relating to ICC’s Treasury Operations Policies and Procedures September 27, 2023. I. Introduction On August 15, 2023, ICE Clear Credit LLC (‘‘ICC’’), filed with the Securities and Exchange Commission (‘‘Commission’’), pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (‘‘Act’’) 1 and Rule 19b–4 thereunder,2 a proposed rule change to revise the ICC Treasury Operations Policies and Procedures (‘‘Treasury Policy’’). The proposed rule change was published for comment in the Federal Register on August 28, 2023.3 The Commission has not received any comments on the proposed rule change. For the reasons discussed below, the Commission is approving the proposed rule change. II. Description of the Proposed Rule Change ICC is registered with the Commission as a clearing agency for the purpose of 13 Id. 14 17 CFR 200.30–3(a)(57). U.S.C. 78s(b)(1). 2 17 CFR 240.19b–4. 3 Securities Exchange Act Release No. 98200 (Aug. 22, 2023), 88 FR 58628 (Aug. 28, 2023) (File No. SR–ICC–2023–013) (‘‘Notice’’). 1 15 E:\FR\FM\03OCN1.SGM 03OCN1

Agencies

[Federal Register Volume 88, Number 190 (Tuesday, October 3, 2023)]
[Notices]
[Page 68211]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-21784]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-98559; File No. SR-OCC-2023-003]


Self-Regulatory Organizations; Options Clearing Corporation; 
Notice of Designation of Longer Period for Commission Action on 
Proceedings To Determine Whether To Approve or Disapprove a Proposed 
Rule Change, as Modified by Partial Amendment No. 1, Concerning 
Clearing Member Cybersecurity Obligations

September 27, 2023.
    On March 21, 2023, the Options Clearing Corporation (``OCC'') filed 
with the Securities and Exchange Commission (``Commission'') the 
proposed rule change SR-OCC-2023-003 pursuant to Section 19(b) of the 
Securities Exchange Act of 1934 (``Exchange Act'') \1\ and Rule 19b-4 
\2\ thereunder to amend certain provisions in OCC's Rules relating to 
each Clearing Member's obligation to address a ''Security Incident'' 
(i.e., the occurrence of a cyber-related disruption or intrusion) of 
that Clearing Member.\3\ The proposed rule change was published for 
public comment in the Federal Register on April 5, 2023.\4\ The 
Commission has received comments regarding the proposed rule change.\5\
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Notice of Filing infra note 4, at 88 FR at 20195.
    \4\ Securities Exchange Act Release No. 97225 (Mar. 30, 2023), 
88 FR 20195 (Apr. 5, 2023) (File No. SR-OCC-2023-003) (``Notice of 
Filing'').
    \5\ Comments on the proposed rule change are available at 
https://www.sec.gov/comments/sr-occ-2023-003/srocc2023003.htm.
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    On May 18, 2023, pursuant to Section 19(b)(2) of the Exchange 
Act,\6\ the Commission designated a longer period within which to 
approve, disapprove, or institute proceedings to determine whether to 
approve or disapprove the proposed rule change.\7\ On May 24, 2023, OCC 
filed Partial Amendment No. 1 to the proposed rule change.\8\ On July 
3, 2023, the Commission instituted proceedings, pursuant to Section 
19(b)(2)(B) of the Exchange Act,\9\ to determine whether to approve or 
disapprove the Proposed Rule Change, as modified by Partial Amendment 
No. 1 (hereinafter defined as ``Proposed Rule Change'').\10\
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    \6\ 15 U.S.C. 78s(b)(2).
    \7\ Securities Exchange Act Release No. 97525 (May 18, 2023), 88 
FR 33655 (May 24, 2023) (File No. SR-OCC-2023-003).
    \8\ Securities Exchange Act Release No. 97602 (May 26, 2023), 88 
FR 36351 (Jun. 2, 2023) (File No. SR-OCC-2023-003) (``Partial 
Amendment No. 1'').
    \9\ 15 U.S.C. 78s(b)(2)(B).
    \10\ Securities Exchange Act Release No. 97832 (July 3, 2023), 
88 FR 43640 (July 10, 2023) (File No. SR-OCC-2023-003).
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    Section 19(b)(2) of the Exchange Act \11\ provides that proceedings 
to determine whether to approve or disapprove a proposed rule change 
must be concluded within 180 days of the date of publication of notice 
of filing of the proposed rule change. The time for conclusion of the 
proceedings may be extended for up to 60 days if the Commission 
determines that a longer period is appropriate and publishes the 
reasons for such determination.\12\ The 180th day after publication of 
the Notice in the Federal Register is October 2, 2023.
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    \11\ 15 U.S.C. 78s(b)(2).
    \12\ 15 U.S.C 78s(b)(2)(B)(ii)(II).
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    The Commission is extending the period for Commission action on 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 so that the Commission has sufficient time to consider the 
issues raised by the Proposed Rule Change and to take action on the 
Proposed Rule Change. Accordingly, pursuant to Section 
19(b)(2)(B)(ii)(II) of the Exchange Act,\13\ the Commission designates 
December 1, 2023, as the date by which the Commission should either 
approve or disapprove the Proposed Rule Change SR-OCC-2023-003.
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    \13\ Id.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\14\
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    \14\ 17 CFR 200.30-3(a)(57).
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Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-21784 Filed 10-2-23; 8:45 am]
BILLING CODE 8011-01-P
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