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, 77920 [2024-21756]
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77920
Federal Register / Vol. 89, No. 185 / Tuesday, September 24, 2024 / Notices
disapprove the Proposed Rule Change
SR–LCH SA–2024–002.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.11
Vanessa A. Countryman,
Secretary.
[FR Doc. 2024–21765 Filed 9–23–24; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–101084; 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
September 18, 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
On May 8, 2024, pursuant to Section
19(b)(2) of the Act,6 the Commission
designated a longer period within which
CFR 200.30–3(a)(57).
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.
6 15 U.S.C. 78s(b)(2).
to approve, disapprove, or institute
proceedings to determine whether to
approve or disapprove the Proposed
Rule Change.7 On June 21, 2024,
pursuant to Section 19(b)(2)(B) of the
Exchange Act,8 the Commission
instituted proceedings 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 deny
a proposed rule change must be
concluded within 180 days of the date
of a publication of the notice of filing of
the proposed rule change. The
Commission may extend the time for
conclusion of such proceedings for up
to 60 days 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.11 The 180th day
after publication of the Notice for the
Proposed Rule Change is September 22,
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
Proposed Rule Change and to take
action on the Proposed Rule Change.
Accordingly, pursuant to Section
19(b)(2)(B)(ii)(II) of the Act,12 the
Commission designates November 21,
2024, as the date by which the
Commission should either approve or
disapprove the Proposed Rule Change
SR–FICC–2024–006.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.13
Vanessa A. Countryman,
Secretary.
[FR Doc. 2024–21756 Filed 9–23–24; 8:45 am]
BILLING CODE 8011–01–P
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7 Securities Exchange Act Release No. 100077
(May 8, 2024), 89 FR 42005 (May 14, 2024).
8 15 U.S.C. 78s(b)(2)(B).
9 Securities Exchange Act Release No. 100400
(June 21, 2024), 89 FR 53674 (June 27, 2024).
10 15 U.S.C. 78s(b)(2).
11 15 U.S.C. 78s(b)(2)(B)(ii)(II).
12 Id.
13 17 CFR 200.30–3(a)(57).
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SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–101074; File No. SR–
GEMX–2024–34]
Self-Regulatory Organizations; Nasdaq
GEMX, LLC; Notice of Filing and
Immediate Effectiveness of Proposed
Rule Change To Expand Its CoLocation Services
September 18, 2024.
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
September 5, 2024, Nasdaq GEMX, LLC
(‘‘GEMX’’ or ‘‘Exchange’’) filed with the
Securities and Exchange Commission
(‘‘SEC’’ or ‘‘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
The Exchange proposes to expand its
co-location services.
The text of the proposed rule change
is available on the Exchange’s website at
https://listingcenter.nasdaq.com/
rulebook/gemx/rules, at the principal
office of the Exchange, 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.
A. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
1. Purpose
The Exchange proposes to expand its
co-location services by offering new
cabinet, power, and power distribution
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 77920]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-21756]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-101084; 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
September 18, 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).
\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.
---------------------------------------------------------------------------
On May 8, 2024, pursuant to Section 19(b)(2) of the 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 June 21, 2024, pursuant to
Section 19(b)(2)(B) of the Exchange Act,\8\ the Commission instituted
proceedings 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. 100077 (May 8, 2024), 89
FR 42005 (May 14, 2024).
\8\ 15 U.S.C. 78s(b)(2)(B).
\9\ Securities Exchange Act Release No. 100400 (June 21, 2024),
89 FR 53674 (June 27, 2024).
---------------------------------------------------------------------------
Section 19(b)(2) of the Exchange Act \10\ provides that proceedings
to determine whether to approve or deny a proposed rule change must be
concluded within 180 days of the date of a publication of the notice of
filing of the proposed rule change. The Commission may extend the time
for conclusion of such proceedings for up to 60 days 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.\11\ The 180th day after publication of the Notice for the
Proposed Rule Change is September 22, 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 Act,\12\ the Commission designates November
21, 2024, as the date by which the Commission should either approve or
disapprove the Proposed Rule Change SR-FICC-2024-006.
---------------------------------------------------------------------------
\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).
---------------------------------------------------------------------------
Vanessa A. Countryman,
Secretary.
[FR Doc. 2024-21756 Filed 9-23-24; 8:45 am]
BILLING CODE 8011-01-P
