Self-Regulatory Organizations; National Securities Clearing Corporation; Notice of Designation of Longer Period for Commission Action on Proposed Rule Change To Amend the Clearing Agency Risk Management Framework, 42005 [2024-10430]

Download as PDF Federal Register / Vol. 89, No. 94 / Tuesday, May 14, 2024 / Notices khammond on DSKJM1Z7X2PROD with NOTICES Section II identifies the docket number(s) associated with each Postal Service request, the title of each Postal Service request, the request’s acceptance date, and the authority cited by the Postal Service for each request. For each request, the Commission appoints an officer of the Commission to represent the interests of the general public in the proceeding, pursuant to 39 U.S.C. 505 (Public Representative). Section II also establishes comment deadline(s) pertaining to each request. The public portions of the Postal Service’s request(s) can be accessed via the Commission’s website (https:// www.prc.gov). Non-public portions of the Postal Service’s request(s), if any, can be accessed through compliance with the requirements of 39 CFR 3011.301.1 The Commission invites comments on whether the Postal Service’s request(s) in the captioned docket(s) are consistent with the policies of title 39. For request(s) that the Postal Service states concern Market Dominant product(s), applicable statutory and regulatory requirements include 39 U.S.C. 3622, 39 U.S.C. 3642, 39 CFR part 3030, and 39 CFR part 3040, subpart B. For request(s) that the Postal Service states concern Competitive product(s), applicable statutory and regulatory requirements include 39 U.S.C. 3632, 39 U.S.C. 3633, 39 U.S.C. 3642, 39 CFR part 3035, and 39 CFR part 3040, subpart B. Comment deadline(s) for each request appear in section II. II. Docketed Proceeding(s) 1. Docket No(s).: MC2024–277 and CP2024–283; Filing Title: USPS Request to Add Priority Mail Express & Priority Mail Contract 138 to Competitive Product List and Notice of Filing Materials Under Seal; Filing Acceptance Date: May 7, 2024; Filing Authority: 39 U.S.C. 3642, 39 CFR 3040.130 through 3040.135, and 39 CFR 3035.105; Public Representative: Kenneth R. Moeller; Comments Due: May 15, 2024. 2. Docket No(s).: MC2024–278 and CP2024–284; Filing Title: USPS Request to Add Priority Mail & USPS Ground Advantage Contract 248 to Competitive Product List and Notice of Filing Materials Under Seal; Filing Acceptance Date: May 7, 2024; Filing Authority: 39 U.S.C. 3642, 39 CFR 3040.130 through 3040.135, and 39 CFR 3035.105; Public Representative: Kenneth R. Moeller; Comments Due: May 15, 2024. 3. Docket No(s).: MC2024–279 and CP2024–285; Filing Title: USPS Request 1 See Docket No. RM2018–3, Order Adopting Final Rules Relating to Non-Public Information, June 27, 2018, Attachment A at 19–22 (Order No. 4679). VerDate Sep<11>2014 17:01 May 13, 2024 Jkt 262001 to Add Priority Mail & USPS Ground Advantage Contract 249 to Competitive Product List and Notice of Filing Materials Under Seal; Filing Acceptance Date: May 7, 2024; Filing Authority: 39 U.S.C. 3642, 39 CFR 3040.130 through 3040.135, and 39 CFR 3035.105; Public Representative: Jennaca D. Upperman; Comments Due: May 15, 2024. This Notice will be published in the Federal Register. Erica A. Barker, Secretary. [FR Doc. 2024–10463 Filed 5–13–24; 8:45 am] BILLING CODE 7710–FW–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–100077; File No. SR– NSCC–2024–003] Self-Regulatory Organizations; National Securities Clearing Corporation; Notice of Designation of Longer Period for Commission Action on Proposed Rule Change To Amend the Clearing Agency Risk Management Framework May 8, 2024. On March 11, 2024, National Securities Clearing Corporation (‘‘NSCC’’) filed with the Securities and Exchange Commission (‘‘Commission’’) the proposed rule change SR–NSCC– 2024–003 (‘‘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 amend the Clearing Agency Risk Management Framework of NSCC and its affiliates, The Depository Trust Company (‘‘DTC’’) and Fixed Income Clearing Corporation (‘‘FICC,’’ and together with NSCC and DTC, the ‘‘Clearing Agencies’’) to describe how the Clearing Agencies may solicit views of participants and other industry stakeholders, and to provide for the annual assessment and subsequent review of FICC’s Government Securities Division access models by FICC’s Board of Directors.3 The Proposed Rule Change was published for public comment in the Federal Register on March 26, 2024.4 The Commission has received comments regarding the substance of the changes proposed in the Proposed Rule Change.5 1 15 U.S.C. 78s(b)(1). CFR 240.19b–4. 3 See Notice of Filing infra note 4, at 89 FR 21091. 4 Securities Exchange Act Release No. 99803 (March 20, 2024), 89 FR 21091 (March 26, 2024) (File No. SR–NSCC–2024–003) (‘‘Notice of Filing’’). 5 Comments on the Proposed Rule Change were received under an affiliated filing and are available 2 17 PO 00000 Frm 00081 Fmt 4703 Sfmt 9990 42005 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 selfregulatory organization consents.8 The 45th day after publication of the Notice of Filing is May 10, 2024. 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 June 24, 2024, as the date by which the Commission shall either approve, disapprove, or institute proceedings to determine whether to disapprove proposed rule change SR–NSCC–2024– 003. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.10 Sherry R. Haywood, Assistant Secretary. [FR Doc. 2024–10430 Filed 5–13–24; 8:45 am] BILLING CODE 8011–01–P at https://www.sec.gov/comments/sr-ficc-2024-006/ srficc2024006.htm. 6 15 U.S.C. 78s(b)(2)(i). 7 15 U.S.C. 78 s(b)(2)(ii). 8 Id. 9 Id. 10 17 CFR 200.30–3(a)(12). E:\FR\FM\14MYN1.SGM 14MYN1

Agencies

SECURITIES AND EXCHANGE COMMISSION

[Federal Register Volume 89, Number 94 (Tuesday, May 14, 2024)]
[Notices]
[Page 42005]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-10430]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-100077; File No. SR-NSCC-2024-003]


Self-Regulatory Organizations; National Securities Clearing 
Corporation; Notice of Designation of Longer Period for Commission 
Action on Proposed Rule Change To Amend the Clearing Agency Risk 
Management Framework

May 8, 2024.
    On March 11, 2024, National Securities Clearing Corporation 
(``NSCC'') filed with the Securities and Exchange Commission 
(``Commission'') the proposed rule change SR-NSCC-2024-003 (``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 amend 
the Clearing Agency Risk Management Framework of NSCC and its 
affiliates, The Depository Trust Company (``DTC'') and Fixed Income 
Clearing Corporation (``FICC,'' and together with NSCC and DTC, the 
``Clearing Agencies'') to describe how the Clearing Agencies may 
solicit views of participants and other industry stakeholders, and to 
provide for the annual assessment and subsequent review of FICC's 
Government Securities Division access models by FICC's Board of 
Directors.\3\ The Proposed Rule Change was published for public comment 
in the Federal Register on March 26, 2024.\4\ The Commission has 
received comments regarding the substance of the changes proposed in 
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 89 FR 21091.
    \4\ Securities Exchange Act Release No. 99803 (March 20, 2024), 
89 FR 21091 (March 26, 2024) (File No. SR-NSCC-2024-003) (``Notice 
of Filing'').
    \5\ Comments on the Proposed Rule Change were received under an 
affiliated filing and are available at https://www.sec.gov/comments/sr-ficc-2024-006/srficc2024006.htm.
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    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\
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    \6\ 15 U.S.C. 78s(b)(2)(i).
    \7\ 15 U.S.C. 78 s(b)(2)(ii).
    \8\ Id.
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    The 45th day after publication of the Notice of Filing is May 10, 
2024. 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 June 24, 2024, as the date by which the 
Commission shall either approve, disapprove, or institute proceedings 
to determine whether to disapprove proposed rule change SR-NSCC-2024-
003.
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    \9\ Id.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\10\
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    \10\ 17 CFR 200.30-3(a)(12).
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Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024-10430 Filed 5-13-24; 8:45 am]
BILLING CODE 8011-01-P

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