Self-Regulatory Organizations; Fixed Income Clearing Corporation; Notice of Designation of Longer Period for Commission Action on Proposed Rule Change To Amend the Clearing Agency Risk Management Framework, 77949 [2024-21757]
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Federal Register / Vol. 89, No. 185 / Tuesday, September 24, 2024 / Notices
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
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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–CBOE–2024–039 and should be
submitted on or before October 15,
2024.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.22
Vanessa A. Countryman,
Secretary.
[FR Doc. 2024–21763 Filed 9–23–24; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–101085; File No. SR–FICC–
2024–006]
Self-Regulatory Organizations; Fixed
Income Clearing Corporation; Notice of
Designation of Longer Period for
Commission Action on Proposed Rule
Change To Amend the Clearing
Agency Risk Management Framework
lotter on DSK11XQN23PROD with NOTICES1
September 18, 2024.
On March 11, 2024, Fixed Income
Clearing Corporation (‘‘FICC’’) filed
with the Securities and Exchange
Commission (‘‘Commission’’) the
proposed rule change SR–FICC–2024–
006 (‘‘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 FICC and its
affiliates, The Depository Trust
Company (‘‘DTC’’) and National
Securities Clearing Corporation
(‘‘NSCC,’’ and together with FICC 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
22 17
CFR 200.30–3(a)(12).
U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
3 See Notice of Filing infra note 4, at 89 FR 21068.
1 15
VerDate Sep<11>2014
18:07 Sep 23, 2024
Jkt 262001
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
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. 2024–21757 Filed 9–23–24; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–101081; File No. SR–FICC–
2024–005]
Self-Regulatory Organizations; Fixed
Income 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, To Modify the GSD Rules To
Facilitate Access to Clearance and
Settlement of All Eligible Secondary
Market Transactions in U.S. Treasury
Securities
September 18, 2024.
On March 11, 2024, Fixed Income
Clearing Corporation (‘‘FICC’’) filed
with the Securities and Exchange
Commission (‘‘Commission’’) the
proposed rule change SR–FICC–2024–
005 pursuant to Section 19(b) of the
Securities Exchange Act of 1934
(‘‘Exchange Act’’) 1 and Rule 19b–4 2
thereunder to modify FICC’s
Government Securities Division
(‘‘GSD’’) Rulebook (‘‘GSD Rules’’) to
facilitate access to clearance and
settlement services of all eligible
secondary market transactions in U.S.
Treasury securities.3 On March 19,
2024, FICC filed Partial Amendment No.
1 to make clarifications and
corrections 4 to the proposed rule
change. The proposed rule change, as
modified by Partial Amendment No. 1,
is referred to herein as the ‘‘Proposed
Rule Change.’’ The Proposed Rule
Change was published for public
comment in the Federal Register on
13 17
4 Securities
Exchange Act Release No. 99805
(March 20, 2024), 89 FR 21068 (March 26, 2024)
(File No. SR–FICC–2024–006) (‘‘Notice of Filing’’).
5 Comments on the Proposed Rule Change are
available at https://www.sec.gov/comments/sr-ficc2024-006/srficc2024006.htm.
6 15 U.S.C. 78s(b)(2).
7 Securities Exchange Act Release No. 100075
(May 8, 2024), 89 FR 42006 (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.
PO 00000
Frm 00139
Fmt 4703
Sfmt 4703
77949
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 5, at 89 FR 21363.
4 Partial Amendment No. 1 made clarifications
and corrections to the description of the proposed
rule change and Exhibit 5. Specifically, as originally
filed, the description of the proposed rule change
made a reference to an incorrect section of the GSD
Rules. Partial Amendment No. 1 corrects that
reference. Additionally, as originally filed, the
description of the proposed rule change and Exhibit
5 contained inconsistent references regarding
whether FICC or its Board would be responsible for
approving membership applications and related
membership matters. Partial Amendment No. 1
clarifies and corrects those references.
1 15
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]]>Agencies
[Federal Register Volume 89, Number 185 (Tuesday, September 24, 2024)]
[Notices]
[Page 77949]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-21757]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-101085; File No. SR-FICC-2024-006]
Self-Regulatory Organizations; Fixed Income 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, Fixed Income Clearing Corporation (``FICC'')
filed with the Securities and Exchange Commission (``Commission'') the
proposed rule change SR-FICC-2024-006 (``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 FICC and its affiliates,
The Depository Trust Company (``DTC'') and National Securities Clearing
Corporation (``NSCC,'' and together with FICC 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 21068.
\4\ Securities Exchange Act Release No. 99805 (March 20, 2024),
89 FR 21068 (March 26, 2024) (File No. SR-FICC-2024-006) (``Notice
of Filing'').
\5\ Comments on the Proposed Rule Change 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. 100075 (May 8, 2024), 89
FR 42006 (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. 2024-21757 Filed 9-23-24; 8:45 am]
BILLING CODE 8011-01-P
