Self-Regulatory Organizations; Fixed Income 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, 84230 [2024-24208]
Download as PDF
<![CDATA[
84230
Federal Register / Vol. 89, No. 203 / Monday, October 21, 2024 / Notices
Dated: October 17, 2024.
Vanessa A. Countryman,
Secretary.
[FR Doc. 2024–24401 Filed 10–17–24; 11:15 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–101348; File No. SR–FICC–
2024–010]
Self-Regulatory Organizations; Fixed
Income 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.
lotter on DSK11XQN23PROD with NOTICES1
On August 15, 2024, Fixed Income
Clearing Corporation (‘‘FICC’’) filed
with the Securities and Exchange
Commission (‘‘Commission’’) the
proposed rule change SR–FICC–2024–
010 (‘‘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 FICC and its affiliates,
the Depository Trust Company (‘‘DTC’’)
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.
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
1 15
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 See Notice of Filing infra note 4, at 71 FR 593.
4 Securities Exchange Act Release No. 100843
(August 27, 2024), 71 FR 593 (September 3, 2024)
(File No. SR–FICC–2024–010) (‘‘Notice of Filing’’).
5 15 U.S.C. 78s(b)(2)(i).
6 15 U.S.C. 78s(b)(2)(ii).
2 17
VerDate Sep<11>2014
16:27 Oct 18, 2024
Jkt 265001
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–FICC–2024–
010.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.9
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024–24208 Filed 10–18–24; 8:45 am]
BILLING CODE 8011–01–P
The application was filed
on October 26, 2023, and amended on
March 27, 2024, and July 10, 2024.
FILING DATES:
HEARING OR NOTIFICATION OF HEARING:
An order granting the requested relief
will be issued unless the Commission
orders a hearing. Interested persons may
request a hearing on any application by
emailing the SEC’s Secretary at
Secretarys-Office@sec.gov and serving
the Applicants with a copy of the
request by email, if an email address is
listed for the relevant Applicant below,
or personally or by mail, if a physical
address is listed for the relevant
Applicant below. Hearing requests
should be received by the Commission
by 5:30 p.m. on November 12, 2024, and
should be accompanied by proof of
service on the Applicants, in the form
of an affidavit or, for lawyers, a
certificate of service. Pursuant to rule 0–
5 under the Act, hearing requests should
state the nature of the writer’s interest,
any facts bearing upon the desirability
of a hearing on the matter, the reason for
the request, and the issues contested.
Persons who wish to be notified of a
hearing may request notification by
emailing the Commission’s Secretary at
Secretarys-Office@sec.gov.
The Commission:
Secretarys-Office@sec.gov. Applicants:
Thomas Connolly and Michael Koester,
5C Lending Partners Advisor LLC, at
tom.connolly@5cinvest.com and
michael.koester@5cinvest.com,
respectively; and Nicole M. Runyan,
P.C. and Pamela Poland Chen, Kirkland
& Ellis LLP, at nicole.runyan@
kirkland.com and pamela.chen@
kirkland.com, respectively.
ADDRESSES:
SECURITIES AND EXCHANGE
COMMISSION
[Investment Company Act Release No.
35359; File No. 812–15518]
5C Lending Partners Corp., et al.
October 15, 2024.
Securities and Exchange
Commission (‘‘Commission’’ or ‘‘SEC’’).
ACTION: Notice.
AGENCY:
Notice of application for an order
under sections 17(d) and 57(i) of the
Investment Company Act of 1940 (the
‘‘Act’’) and rule 17d–1 under the Act to
permit certain joint transactions
otherwise prohibited by sections 17(d)
and 57(a)(4) of the Act and rule 17d–1
under the Act.
SUMMARY OF APPLICATION: Applicants
request an order to permit certain
business development companies and
closed-end management investment
companies to co-invest in portfolio
companies with each other and with
certain affiliated investment entities.
APPLICANTS: 5C Lending Partners Corp.;
5C Lending Partners Advisor LLC; 5C
Investment Partners Advisor LLC; and
5C Lending Partners Co-Investment LP.
7 Id.
8 Id.
9 17
PO 00000
CFR 200.30–3(a)(12).
Frm 00122
Fmt 4703
Sfmt 4703
FOR FURTHER INFORMATION CONTACT:
Kieran G. Brown, Senior Counsel, or
Terri Jordan, Branch Chief, at (202) 551–
6825 (Division of Investment
Management, Chief Counsel’s Office).
For
Applicants’ representations, legal
analysis, and conditions, please refer to
Applicants’ second amended and
restated application, dated July 10,
2024, which may be obtained via the
Commission’s website by searching for
the file number at the top of this
document, or for an Applicant using the
Company name search field, on the
SEC’s EDGAR system.
The SEC’s EDGAR system may be
searched at https://www.sec.gov/edgar/
searchedgar/legacy/
companysearch.html. You may also call
the SEC’s Public Reference Room at
(202) 551–8090.
SUPPLEMENTARY INFORMATION:
E:\FR\FM\21OCN1.SGM
21OCN1
]]>Agencies
[Federal Register Volume 89, Number 203 (Monday, October 21, 2024)]
[Notices]
[Page 84230]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-24208]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-101348; File No. SR-FICC-2024-010]
Self-Regulatory Organizations; Fixed Income 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, Fixed Income Clearing Corporation (``FICC'')
filed with the Securities and Exchange Commission (``Commission'') the
proposed rule change SR-FICC-2024-010 (``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 FICC and its affiliates, the Depository Trust Company (``DTC'') 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.
---------------------------------------------------------------------------
\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 593.
\4\ Securities Exchange Act Release No. 100843 (August 27,
2024), 71 FR 593 (September 3, 2024) (File No. SR-FICC-2024-010)
(``Notice of Filing'').
---------------------------------------------------------------------------
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\
---------------------------------------------------------------------------
\5\ 15 U.S.C. 78s(b)(2)(i).
\6\ 15 U.S.C. 78s(b)(2)(ii).
\7\ Id.
---------------------------------------------------------------------------
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-FICC-2024-
010.
---------------------------------------------------------------------------
\8\ Id.
\9\ 17 CFR 200.30-3(a)(12).
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\9\
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024-24208 Filed 10-18-24; 8:45 am]
BILLING CODE 8011-01-P
