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 by The Options Clearing Corporation Concerning Its Process for Adjusting Certain Parameters in Its Proprietary System for Calculating Margin Requirements During Periods When the Products It Clears and the Markets It Serves Experience High Volatility, 59940 [2024-16218]

Download as PDF 59940 Federal Register / Vol. 89, No. 142 / Wednesday, July 24, 2024 / Notices cannot conduct or sponsor a collection of information, and the public is generally not required to respond to an information collection, unless the OMB approves it and displays a currently valid OMB Control Number. In addition, notwithstanding any other provisions of law, no person shall generally be subject to penalty for failing to comply with a collection of information that does not display a valid OMB Control Number. See 5 CFR 1320.5(a) and 1320.6. DOL seeks PRA authorization for this information collection for three (3) years. OMB authorization for an ICR cannot be for more than three (3) years without renewal. The DOL notes that information collection requirements submitted to the OMB for existing ICRs receive a month-to-month extension while they undergo review. Agency: DOL–OWCP. Title of Collection: Notice of Controversion of Right to Compensation. OMB Control Number: 1240–0042. Affected Public: Private Sector— Businesses or other for-profits. Total Estimated Number of Respondents: 550. Total Estimated Number of Responses: 23,928. Total Estimated Annual Time Burden: 5,982 hours. Total Estimated Annual Other Costs Burden: $1,858. (Authority: 44 U.S.C. 3507(a)(1)(D)) Michelle Neary, Senior Paperwork Reduction Act Analyst. [FR Doc. 2024–16194 Filed 7–23–24; 8:45 am] BILLING CODE 4510–CF–P SECURITIES AND EXCHANGE COMMISSION ddrumheller on DSK120RN23PROD with NOTICES1 [Release No. 34–100552; File No. SR–OCC– 2024–001] 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 by The Options Clearing Corporation Concerning Its Process for Adjusting Certain Parameters in Its Proprietary System for Calculating Margin Requirements During Periods When the Products It Clears and the Markets It Serves Experience High Volatility July 18, 2024. On January 10, 2024, the Options Clearing Corporation (‘‘OCC’’) filed with the Securities and Exchange Commission (‘‘Commission’’) the VerDate Sep<11>2014 17:57 Jul 23, 2024 Jkt 262001 proposed rule change SR–OCC–2024– 001 pursuant to Section 19(b) of the Securities Exchange Act of 1934 (‘‘Exchange Act’’) 1 and Rule 19b–4 2 thereunder to codify OCC’s process for adjusting certain parameters in its proprietary system for calculating margin requirements during periods when the products OCC clears and the markets it serves experience high volatility.3 The proposed rule change was published for public comment in the Federal Register on January 25, 2024.4 The Commission has received comments regarding the proposed rule change.5 On February 23, 2024, 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 April 22, 2024, the Commission instituted proceedings, pursuant to Section 19(b)(2)(B) of the Exchange Act,8 to determine whether to approve or disapprove the proposed rule change.9 Section 19(b)(2) of the Exchange Act 10 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.11 The 180th day after publication of the Notice in the Federal Register is July 23, 2024. 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 U.S.C. 78s(b)(1). CFR 240.19b–4. 3 See Notice of Filing infra note 4, at 89 FR 5062. 4 Securities Exchange Act Release No. 99393 (Jan. 19, 2024), 89 FR 5062 (Jan. 25, 2024) (File No. SR– OCC–2024–001) (‘‘Notice of Filing’’). 5 Comments on the proposed rule change are available at https://www.sec.gov/comments/sr-occ2024-001/srocc2024001.htm. 6 15 U.S.C. 78s(b)(2). 7 Securities Exchange Act Release No. 99594 (Feb. 23, 2024), 89 FR 14909 (Feb. 29, 2024) (File No. SR– OCC–2024–001). 8 15 U.S.C. 78s(b)(2)(B). 9 Securities Exchange Act Release No. 100009 (Apr. 22, 2024), 89 FR 32469 (Apr. 26, 2024) (File No. SR–OCC–2024–001). 10 15 U.S.C. 78s(b)(2). 11 15 U.S.C 78s(b)(2)(B)(ii)(II). PO 00000 1 15 2 17 Frm 00051 Fmt 4703 Sfmt 4703 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,12 the Commission designates September 21, 2024, as the date by which the Commission should either approve or disapprove the proposed rule change SR–OCC–2024–001. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.13 J. Matthew DeLesDernier, Deputy Secretary. [FR Doc. 2024–16218 Filed 7–23–24; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [SEC File No. 270–036, OMB Control No. 3235–0028] Proposed Collection; Comment Request; Extension: Rule 17f–2(d) 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 (‘‘PRA’’) (44 U.S.C. 3501 et seq.), the Securities and Exchange Commission (‘‘Commission’’) is soliciting comments on the existing collection of information provided for in Rule 17f–2(d) (17 CFR 240.17f–2(d)), under the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.). The Commission plans to submit this existing collection of information to the Office of Management and Budget (‘‘OMB’’) for extension and approval. Rule 17f–2(d) requires that records created pursuant to the fingerprinting requirements of Section 17(f)(2) of the Act be maintained and preserved by every member of a national securities exchange, broker, dealer, registered transfer agent and registered clearing agency (‘‘covered entities’’ or ‘‘respondents’’); permits, under certain circumstances, the records required to be maintained and preserved by a member of a national securities exchange, broker, or dealer to be maintained and preserved by a selfregulatory organization that is also the designated examining authority for that member, broker or dealer; and permits the required records to be preserved on microfilm. The general purpose for Rule 17f–2 is to: (i) identify security risk personnel; (ii) provide criminal record 12 Id. 13 17 E:\FR\FM\24JYN1.SGM CFR 200.30–3(a)(57). 24JYN1

Agencies

[Federal Register Volume 89, Number 142 (Wednesday, July 24, 2024)]
[Notices]
[Page 59940]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-16218]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-100552; File No. SR-OCC-2024-001]


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 by The Options Clearing Corporation Concerning Its Process 
for Adjusting Certain Parameters in Its Proprietary System for 
Calculating Margin Requirements During Periods When the Products It 
Clears and the Markets It Serves Experience High Volatility

July 18, 2024.
    On January 10, 2024, the Options Clearing Corporation (``OCC'') 
filed with the Securities and Exchange Commission (``Commission'') the 
proposed rule change SR-OCC-2024-001 pursuant to Section 19(b) of the 
Securities Exchange Act of 1934 (``Exchange Act'') \1\ and Rule 19b-4 
\2\ thereunder to codify OCC's process for adjusting certain parameters 
in its proprietary system for calculating margin requirements during 
periods when the products OCC clears and the markets it serves 
experience high volatility.\3\ The proposed rule change was published 
for public comment in the Federal Register on January 25, 2024.\4\ The 
Commission has received comments regarding the proposed rule change.\5\
---------------------------------------------------------------------------

    \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 5062.
    \4\ Securities Exchange Act Release No. 99393 (Jan. 19, 2024), 
89 FR 5062 (Jan. 25, 2024) (File No. SR-OCC-2024-001) (``Notice of 
Filing'').
    \5\ Comments on the proposed rule change are available at 
https://www.sec.gov/comments/sr-occ-2024-001/srocc2024001.htm.
---------------------------------------------------------------------------

    On February 23, 2024, 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 April 22, 2024, 
the Commission instituted proceedings, pursuant to Section 19(b)(2)(B) 
of the Exchange Act,\8\ to determine whether to approve or disapprove 
the proposed rule change.\9\
---------------------------------------------------------------------------

    \6\ 15 U.S.C. 78s(b)(2).
    \7\ Securities Exchange Act Release No. 99594 (Feb. 23, 2024), 
89 FR 14909 (Feb. 29, 2024) (File No. SR-OCC-2024-001).
    \8\ 15 U.S.C. 78s(b)(2)(B).
    \9\ Securities Exchange Act Release No. 100009 (Apr. 22, 2024), 
89 FR 32469 (Apr. 26, 2024) (File No. SR-OCC-2024-001).
---------------------------------------------------------------------------

    Section 19(b)(2) of the Exchange Act \10\ 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.\11\ The 180th day after publication of 
the Notice in the Federal Register is July 23, 2024.
---------------------------------------------------------------------------

    \10\ 15 U.S.C. 78s(b)(2).
    \11\ 15 U.S.C 78s(b)(2)(B)(ii)(II).
---------------------------------------------------------------------------

    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,\12\ the Commission designates 
September 21, 2024, as the date by which the Commission should either 
approve or disapprove the proposed rule change SR-OCC-2024-001.
---------------------------------------------------------------------------

    \12\ Id.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\13\
---------------------------------------------------------------------------

    \13\ 17 CFR 200.30-3(a)(57).
---------------------------------------------------------------------------

J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2024-16218 Filed 7-23-24; 8:45 am]
BILLING CODE 8011-01-P
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