Self-Regulatory Organizations; Depository Trust Company; Notice of Designation of Longer Period for Commission Action on Proposed Rule Change To Adopt the Clearing Agency Framework for Certain Requirements on Governance and Conflicts of Interest, 84213 [2024-24207]

Download as PDF Federal Register / Vol. 89, No. 203 / Monday, October 21, 2024 / Notices 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 10:00 a.m. and 3:00 p.m. Copies of such filing also will be available for inspection and copying at the principal office of FICC and on DTCC’s website at (https://dtcc.com/legal/sec-rulefilings.aspx). 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–FICC–2024–009 and should be submitted on or before November 12, 2024. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.14 Sherry R. Haywood, Assistant Secretary. [FR Doc. 2024–24205 Filed 10–18–24; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–101345; File No. SR–DTC– 2024–009] Self-Regulatory Organizations; Depository Trust Company; Notice of Designation of Longer Period for Commission Action on Proposed Rule Change To Adopt the Clearing Agency Framework for Certain Requirements on Governance and Conflicts of Interest lotter on DSK11XQN23PROD with NOTICES1 October 15, 2024. On August 15, 2024, the Depository Trust Company (‘‘DTC’’) filed with the Securities and Exchange Commission (‘‘Commission’’) the proposed rule change SR–DTC–2024–009 (‘‘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 adopt a new framework entitled the ‘‘Clearing Agency Framework for Certain Requirements on Governance and Conflicts of Interest’’ (‘‘Framework’’) of DTC and its affiliates, the Fixed Income Clearing Corporation (‘‘FICC’’) and National Securities 14 17 CFR 200.30–3(a)(31). U.S.C. 78s(b)(1). 2 17 CFR 240.19b–4. 1 15 VerDate Sep<11>2014 16:27 Oct 18, 2024 Jkt 265001 Clearing Corporation (‘‘NSCC,’’ and together with FICC and DTC, the ‘‘Clearing Agencies’’).3 The Proposed Rule Change was published for public comment in the Federal Register on September 3, 2024.4 The Commission has received no comments regarding the Proposed Rule Change. Section 19(b)(2)(i) of the Exchange Act 5 provides that, within 45 days of the publication of notice of the filing of a proposed rule change, the Commission shall either approve the proposed rule change, disapprove the proposed rule change, or institute proceedings to determine whether the proposed rule change should be disapproved unless the Commission extends the period within which it must act as provided in Section 19(b)(2)(ii) of the Exchange Act.6 Section 19(b)(2)(ii) of the Exchange Act allows the Commission to designate a longer period for review (up to 90 days from the publication of notice of the filing of a proposed rule change) 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.7 The 45th day after publication of the Notice of Filing is October 18, 2024. To provide the Commission with sufficient time to consider the Proposed Rule Change, the Commission finds that it is appropriate to designate a longer period within which to act on the Proposed Rule Change and therefore is extending this 45-day time period. Accordingly, the Commission, pursuant to Section 19(b)(2) of the Exchange Act,8 designates December 2, 2024, as the date by which the Commission shall either approve, disapprove, or institute proceedings to determine whether to disapprove proposed rule change SR–DTC–2024– 009. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.9 Sherry R. Haywood, Assistant Secretary. [FR Doc. 2024–24207 Filed 10–18–24; 8:45 am] BILLING CODE 8011–01–P Notice of Filing infra note 4, at 71 FR 597. Exchange Act Release No. 100842 (August 27, 2024), 71 FR 597 (September 3, 2024) (File No. SR–DTC–2024–009) (‘‘Notice of Filing’’). 5 15 U.S.C. 78s(b)(2)(i). 6 15 U.S.C. 78s(b)(2)(ii). 7 Id. 8 Id. 9 17 CFR 200.30–3(a)(12). 84213 SECURITIES AND EXCHANGE COMMISSION [Release No. 34–101337; File No. SR– NSCC–2024–006] Self-Regulatory Organizations; National Securities Clearing Corporation; Notice of Designation of Longer Period for Commission Action on Proposed Rule Change To Adopt the Clearing Agency Framework for Certain Requirements on Governance and Conflicts of Interest October 15, 2024. On August 15, 2024, National Securities Clearing Corporation (‘‘NSCC’’) filed with the Securities and Exchange Commission (‘‘Commission’’) the proposed rule change SR–NSCC– 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 adopt a new framework entitled the ‘‘Clearing Agency Framework for Certain Requirements on Governance and Conflicts of Interest’’ (‘‘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’’).3 The Proposed Rule Change was published for public comment in the Federal Register on September 3, 2024.4 The Commission has received no comments regarding the Proposed Rule Change. Section 19(b)(2)(i) of the Exchange Act 5 provides that, within 45 days of the publication of notice of the filing of a proposed rule change, the Commission shall either approve the proposed rule change, disapprove the proposed rule change, or institute proceedings to determine whether the proposed rule change should be disapproved unless the Commission extends the period within which it must act as provided in Section 19(b)(2)(ii) of the Exchange Act.6 Section 19(b)(2)(ii) of the Exchange Act allows the Commission to designate a longer period for review (up to 90 days from the publication of notice of the filing of a proposed rule change) if the Commission finds such longer period to be appropriate and publishes its reasons for so finding, or as to which 3 See 4 Securities PO 00000 Frm 00105 Fmt 4703 Sfmt 4703 1 15 U.S.C. 78s(b)(1). CFR 240.19b–4. 3 See Notice of Filing infra note 4, at 71 FR 646. 4 Securities Exchange Act Release No. 100841 (August 27, 2024), 71 FR 646 (September 3, 2024) (File No. SR–NSCC–2024–006) (‘‘Notice of Filing’’). 5 15 U.S.C. 78s(b)(2)(i). 6 15 U.S.C. 78 s(b)(2)(ii). 2 17 E:\FR\FM\21OCN1.SGM 21OCN1

Agencies

[Federal Register Volume 89, Number 203 (Monday, October 21, 2024)]
[Notices]
[Page 84213]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-24207]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-101345; File No. SR-DTC-2024-009]


Self-Regulatory Organizations; Depository Trust Company; Notice 
of Designation of Longer Period for Commission Action on Proposed Rule 
Change To Adopt the Clearing Agency Framework for Certain Requirements 
on Governance and Conflicts of Interest

October 15, 2024.
    On August 15, 2024, the Depository Trust Company (``DTC'') filed 
with the Securities and Exchange Commission (``Commission'') the 
proposed rule change SR-DTC-2024-009 (``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 adopt a new 
framework entitled the ``Clearing Agency Framework for Certain 
Requirements on Governance and Conflicts of Interest'' (``Framework'') 
of DTC and its affiliates, the Fixed Income Clearing Corporation 
(``FICC'') and National Securities Clearing Corporation (``NSCC,'' and 
together with FICC and DTC, the ``Clearing Agencies'').\3\ The Proposed 
Rule Change was published for public comment in the Federal Register on 
September 3, 2024.\4\ The Commission has received no comments regarding 
the Proposed Rule Change.
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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 71 FR 597.
    \4\ Securities Exchange Act Release No. 100842 (August 27, 
2024), 71 FR 597 (September 3, 2024) (File No. SR-DTC-2024-009) 
(``Notice of Filing'').
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    Section 19(b)(2)(i) of the Exchange Act \5\ provides that, within 
45 days of the publication of notice of the filing of a proposed rule 
change, the Commission shall either approve the proposed rule change, 
disapprove the proposed rule change, or institute proceedings to 
determine whether the proposed rule change should be disapproved unless 
the Commission extends the period within which it must act as provided 
in Section 19(b)(2)(ii) of the Exchange Act.\6\ Section 19(b)(2)(ii) of 
the Exchange Act allows the Commission to designate a longer period for 
review (up to 90 days from the publication of notice of the filing of a 
proposed rule change) 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.\7\
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    \5\ 15 U.S.C. 78s(b)(2)(i).
    \6\ 15 U.S.C. 78s(b)(2)(ii).
    \7\ Id.
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    The 45th day after publication of the Notice of Filing is October 
18, 2024. To provide the Commission with sufficient time to consider 
the Proposed Rule Change, the Commission finds that it is appropriate 
to designate a longer period within which to act on the Proposed Rule 
Change and therefore is extending this 45-day time period.
    Accordingly, the Commission, pursuant to Section 19(b)(2) of the 
Exchange Act,\8\ designates December 2, 2024, as the date by which the 
Commission shall either approve, disapprove, or institute proceedings 
to determine whether to disapprove proposed rule change SR-DTC-2024-
009.
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    \8\ Id.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\9\
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    \9\ 17 CFR 200.30-3(a)(12).
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Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024-24207 Filed 10-18-24; 8:45 am]
BILLING CODE 8011-01-P
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