Self-Regulatory Organizations; The Options Clearing Corporation; Notice of Withdrawal of 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, 77945 [2024-21745]

Download as PDF Federal Register / Vol. 89, No. 185 / Tuesday, September 24, 2024 / 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–NYSE–2024–57, and should be submitted on or before October 15, 2024. to Section 19(b)(3)(A) of the Securities Exchange Act of 1934 (‘‘Exchange Act’’) 1 and Rule 19b–4 thereunder,2 a proposed rule change 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 (‘‘Proposal’’).3 The Proposal was published for 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 the 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 the Proposal.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 Proposal.9 On July 18, 2024, the Commission designated a longer period within which to determine whether to approve or disapprove the Proposal.10 On September 17, 2024, OCC withdrew the Proposal (SR–OCC–2024– 001). For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.11 Vanessa A. Countryman, Secretary. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.11 Vanessa A. Countryman, Secretary. [FR Doc. 2024–21764 Filed 9–23–24; 8:45 am] [FR Doc. 2024–21745 Filed 9–23–24; 8:45 am] BILLING CODE 8011–01–P BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–101095; File No. SR–OCC– 2024–001] 1 15 lotter on DSK11XQN23PROD with NOTICES1 Self-Regulatory Organizations; The Options Clearing Corporation; Notice of Withdrawal of 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 September 18, 2024. On January 10, 2024, the Options Clearing Corporation (‘‘OCC’’) filed with the Securities and Exchange Commission (‘‘Commission’’), pursuant 11 17 CFR 200.30–3(a)(12). VerDate Sep<11>2014 18:07 Sep 23, 2024 Jkt 262001 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 See Securities Exchange Act Release No. 99393 (Jan. 19, 2024), 89 FR 5062 (Jan. 25, 2024) (File No. SR–OCC–2024–001). 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 See 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 See Securities Exchange Act Release No. 100009 (Apr. 22, 2024), 89 FR 32469 (Apr. 26, 2024) (File No. SR–OCC–2024–001). 10 See Securities Exchange Act Release No. 100552 (July 18, 2024), 89 FR 59940 (July 24, 2024) (File No. SR–OCC–2024–001). 11 17 CFR 200.30–3(a)(12). PO 00000 Frm 00135 Fmt 4703 Sfmt 4703 77945 SECURITIES AND EXCHANGE COMMISSION [Release No. 34–101092; File No. SR– CBOE–2024–039] Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Its Fees Schedule September 18, 2024. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (the ‘‘Act’’),1 and Rule 19b–4 thereunder,2 notice is hereby given that on September 3, 2024, Cboe Exchange, Inc. (the ‘‘Exchange’’ or ‘‘Cboe Options’’) 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 Exchange. 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 Cboe Exchange, Inc. (the ‘‘Exchange’’ or ‘‘Cboe Options’’) proposes to amend its Fees Schedule. The text of the proposed rule change is provided in Exhibit 5. The text of the proposed rule change is also available on the Exchange’s website (https://www.cboe.com/ AboutCBOE/CBOELegal RegulatoryHome.aspx), at the Exchange’s Office of the Secretary, 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 Exchange included statements concerning the purpose of and basis for the proposed rule change and discussed any comments it received on the proposed rule change. The text of these 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 aspects of such statements. 1 15 2 17 E:\FR\FM\24SEN1.SGM U.S.C. 78s(b)(1). CFR 240.19b–4. 24SEN1

Agencies

[Federal Register Volume 89, Number 185 (Tuesday, September 24, 2024)]
[Notices]
[Page 77945]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-21745]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-101095; File No. SR-OCC-2024-001]


Self-Regulatory Organizations; The Options Clearing Corporation; 
Notice of Withdrawal of 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

September 18, 2024.
    On January 10, 2024, the Options Clearing Corporation (``OCC'') 
filed with the Securities and Exchange Commission (``Commission''), 
pursuant to Section 19(b)(3)(A) of the Securities Exchange Act of 1934 
(``Exchange Act'') \1\ and Rule 19b-4 thereunder,\2\ a proposed rule 
change 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 (``Proposal'').\3\ The Proposal was published for comment in 
the Federal Register on January 25, 2024.\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 89 FR 5062.
    \4\ See Securities Exchange Act Release No. 99393 (Jan. 19, 
2024), 89 FR 5062 (Jan. 25, 2024) (File No. SR-OCC-2024-001).
    \5\ Comments on the proposed rule change are available at 
https://www.sec.gov/comments/sr-occ-2024-001/srocc2024001.htm.
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    On February 23, 2024, pursuant to the 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 the Proposal.\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 Proposal.\9\ 
On July 18, 2024, the Commission designated a longer period within 
which to determine whether to approve or disapprove the Proposal.\10\
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    \6\ 15 U.S.C. 78s(b)(2).
    \7\ See 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\ See Securities Exchange Act Release No. 100009 (Apr. 22, 
2024), 89 FR 32469 (Apr. 26, 2024) (File No. SR-OCC-2024-001).
    \10\ See Securities Exchange Act Release No. 100552 (July 18, 
2024), 89 FR 59940 (July 24, 2024) (File No. SR-OCC-2024-001).
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    On September 17, 2024, OCC withdrew the Proposal (SR-OCC-2024-001).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\11\
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    \11\ 17 CFR 200.30-3(a)(12).
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Vanessa A. Countryman,
Secretary.
[FR Doc. 2024-21745 Filed 9-23-24; 8:45 am]
BILLING CODE 8011-01-P
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