Self-Regulatory Organizations; LCH SA; Notice of Designation of Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change Relating to the CDSClear Select Membership Model, 77919-77920 [2024-21765]

Download as PDF Federal Register / Vol. 89, No. 185 / Tuesday, September 24, 2024 / Notices the definition of ISE Open/Close Trade Profile will provide additional clarity and specificity to the ISE rulebook, and nothing in the clarification changes the product or the way it functions, but rather describes the product exactly as it exists today. The Exchange also states that the fees included in this filing have been in effect since July 1, 2024, and waiver of the operative delay will allow application of those fees to continue uninterrupted. For these reasons, the Commission believes that waiving the 30-day operative delay is consistent with the protection of investors and the public interest. Therefore, the Commission hereby waives the operative delay and designates the proposal operative upon filing.56 At any time within 60 days of the filing of the proposed rule change, the Commission summarily may temporarily suspend such rule change if it appears to the Commission that such action is necessary or appropriate in the public interest, for the protection of investors, or otherwise in furtherance of the purposes of the Act. If the Commission takes such action, the Commission shall institute proceedings to determine whether the proposed rule should be approved or disapproved. IV. Solicitation of Comments Interested persons are invited to submit written data, views and arguments concerning the foregoing, including whether the proposed rule change is consistent with the Act. Comments may be submitted by any of the following methods: Electronic Comments • Use the Commission’s internet comment form (https://www.sec.gov/ rules/sro.shtml); or • Send an email to rule-comments@ sec.gov. Please include file number SR– ISE–2024–46 on the subject line. lotter on DSK11XQN23PROD with NOTICES1 Paper Comments • Send paper comments in triplicate to Secretary, Securities and Exchange Commission, 100 F Street NE, Washington, DC 20549–1090. All submissions should refer to file number SR–ISE–2024–46. This file number should be included on the subject line if email is used. To help the Commission process and review your comments more efficiently, please use only one method. The Commission will post all comments on the Commission’s internet website (https://www.sec.gov/ 56 For purposes only of waiving the 30-day operative delay, the Commission has considered the proposed rule’s impact on efficiency, competition, and capital formation. See 15 U.S.C. 78c(f). VerDate Sep<11>2014 18:07 Sep 23, 2024 Jkt 262001 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–ISE–2024–46 and should be submitted on or before October 15, 2024. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.57 Vanessa A. Countryman, Secretary. [FR Doc. 2024–21744 Filed 9–23–24; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–101094; File No. SR–LCH SA–2024–002] Self-Regulatory Organizations; LCH SA; Notice of Designation of Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change Relating to the CDSClear Select Membership Model 77919 thereunder to amend its CDS Clearing Rule Book and CDS Clearing Procedures to incorporate new terms and to make conforming, clarifying, and clean-up changes to implement a new model of CDSClear select membership. The Proposed Rule Change was published for public comment in the Federal Register on March 28, 2024.3 The Commission has not received comments regarding the Proposed Rule Change. On May 9, 2024, pursuant to Section 19(b)(2) of the Exchange Act,4 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, until June 26, 2024.5 On June 21, 2024, the Commission instituted proceedings, pursuant to Section 19(b)(2)(B) of the Exchange Act,6 to determine whether to approve or disapprove the Proposed Rule Change.7 Section 19(b)(2) of the Exchange Act 8 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.9 The 180th day after publication of the Notice in the Federal Register is September 24, 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 Exchange Act,10 the Commission designates November 23, 2024, as the date by which the Commission should either approve or September 18, 2024. On March 13, 2024, Banque Centrale de Compensation, which conducts business under the name LCH SA (‘‘LCH SA’’), filed with the Securities and Exchange Commission (‘‘Commission’’) the proposed rule change SR–LCH SA– 2024–002 (the ‘‘Proposed Rule Change’’) pursuant to Section 19(b) of the Securities Exchange Act of 1934 (‘‘Exchange Act’’) 1 and Rule 19b–4 2 57 17 CFR 200.30–3(a)(12). U.S.C. 78s(b)(1). 2 17 CFR 240.19b–4. 1 15 PO 00000 Frm 00109 Fmt 4703 Sfmt 4703 3 Self-Regulatory Organizations; LCH SA; Notice of Filing of Proposed Rule Change Relating to the CDSClear Select Membership Model, Exchange Act Release No. 34–99847 (Mar. 22, 2024); 89 FR 21579 (Mar. 28, 2024) (SR–LCH SA–2024–002) (‘‘Notice’’). 4 15 U.S.C. 78s(b)(2). 5 Exchange Act Release No. 100094 (May 9, 2024), 89 FR 42515 (May 15, 2024) (File No. SR–LCH SA– 2024–002). 6 15 U.S.C. 78s(b)(2)(B). 7 Securities Exchange Act Release No. 100394 (June 21, 2024), 89 FR 53685 (June 27, 2024) (File No. SR–LCH SA–2024–002). 8 15 U.S.C. 78s(b)(2). 9 15 U.S.C. 78s(b)(2)(B)(ii)(II). 10 Id. E:\FR\FM\24SEN1.SGM 24SEN1 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 11 17 lotter on DSK11XQN23PROD with NOTICES1 1 15 VerDate Sep<11>2014 18:07 Sep 23, 2024 Jkt 262001 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). PO 00000 Frm 00110 Fmt 4703 Sfmt 4703 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

SECURITIES AND EXCHANGE COMMISSION

[Federal Register Volume 89, Number 185 (Tuesday, September 24, 2024)]
[Notices]
[Pages 77919-77920]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-21765]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-101094; File No. SR-LCH SA-2024-002]


Self-Regulatory Organizations; LCH SA; Notice of Designation of 
Longer Period for Commission Action on Proceedings To Determine Whether 
To Approve or Disapprove a Proposed Rule Change Relating to the 
CDSClear Select Membership Model

September 18, 2024.
    On March 13, 2024, Banque Centrale de Compensation, which conducts 
business under the name LCH SA (``LCH SA''), filed with the Securities 
and Exchange Commission (``Commission'') the proposed rule change SR-
LCH SA-2024-002 (the ``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 its CDS Clearing Rule Book and CDS 
Clearing Procedures to incorporate new terms and to make conforming, 
clarifying, and clean-up changes to implement a new model of CDSClear 
select membership. The Proposed Rule Change was published for public 
comment in the Federal Register on March 28, 2024.\3\ The Commission 
has not received comments regarding the Proposed Rule Change.
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ Self-Regulatory Organizations; LCH SA; Notice of Filing of 
Proposed Rule Change Relating to the CDSClear Select Membership 
Model, Exchange Act Release No. 34-99847 (Mar. 22, 2024); 89 FR 
21579 (Mar. 28, 2024) (SR-LCH SA-2024-002) (``Notice'').
---------------------------------------------------------------------------

    On May 9, 2024, pursuant to Section 19(b)(2) of the Exchange 
Act,\4\ 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, until June 26, 2024.\5\ 
On June 21, 2024, the Commission instituted proceedings, pursuant to 
Section 19(b)(2)(B) of the Exchange Act,\6\ to determine whether to 
approve or disapprove the Proposed Rule Change.\7\
---------------------------------------------------------------------------

    \4\ 15 U.S.C. 78s(b)(2).
    \5\ Exchange Act Release No. 100094 (May 9, 2024), 89 FR 42515 
(May 15, 2024) (File No. SR-LCH SA-2024-002).
    \6\ 15 U.S.C. 78s(b)(2)(B).
    \7\ Securities Exchange Act Release No. 100394 (June 21, 2024), 
89 FR 53685 (June 27, 2024) (File No. SR-LCH SA-2024-002).
---------------------------------------------------------------------------

    Section 19(b)(2) of the Exchange Act \8\ 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.\9\ The 180th day after publication of 
the Notice in the Federal Register is September 24, 2024.
---------------------------------------------------------------------------

    \8\ 15 U.S.C. 78s(b)(2).
    \9\ 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,\10\ the Commission designates 
November 23, 2024, as the date by which the Commission should either 
approve or

[[Page 77920]]

disapprove the Proposed Rule Change SR-LCH SA-2024-002.
---------------------------------------------------------------------------

    \10\ Id.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\11\
---------------------------------------------------------------------------

    \11\ 17 CFR 200.30-3(a)(57).
---------------------------------------------------------------------------

Vanessa A. Countryman,
Secretary.
[FR Doc. 2024-21765 Filed 9-23-24; 8:45 am]
BILLING CODE 8011-01-P

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