82 FR 27094 - Self-Regulatory Organizations; The Depository Trust Company; National Securities Clearing Corporation; Fixed Income Clearing Corporation; Notice of Designation of Longer Period for Commission Action on Proposed Rule Changes, as Modified by Amendments No. 1, To Adopt the Clearing Agency Liquidity Risk Management Framework

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 82, Issue 112 (June 13, 2017)

Page Range		27094-27094
FR Document		2017-12154

Federal Register, Volume 82 Issue 112 (Tuesday, June 13, 2017)

[Federal Register Volume 82, Number 112 (Tuesday, June 13, 2017)]
[Notices]
[Page 27094]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-12154]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-80877; File Nos. SR-DTC-2017-004; SR-NSCC-2017-005; SR-
FICC-2017-008]


Self-Regulatory Organizations; The Depository Trust Company; 
National Securities Clearing Corporation; Fixed Income Clearing 
Corporation; Notice of Designation of Longer Period for Commission 
Action on Proposed Rule Changes, as Modified by Amendments No. 1, To 
Adopt the Clearing Agency Liquidity Risk Management Framework

June 7, 2017.
    On April 6, 2017, The Depository Trust Company (``DTC''), National 
Securities Clearing Corporation (``NSCC''), and Fixed Income Clearing 
Corporation (``FICC,'' and together with DTC and NSCC, the ``Clearing 
Agencies''), filed with the Securities and Exchange Commission 
(``Commission'') proposed rule changes SR-DTC-2017-004, SR-NSCC-2017-
005, SR-FICC-2017-008, respectively, pursuant to Section 19(b)(1) of 
the Securities Exchange Act of 1934 (``Act'') \1\ and Rule 19b-4 
thereunder.\2\ On April 13, 2017, the Clearing Agencies filed 
Amendments No. 1 to the proposed rule changes, which made technical 
corrections to the page numbers and the Table of Contents in the 
Exhibit 5s. The proposed rule changes, as modified by Amendments No. 1 
(hereinafter, ``Proposed Rule Changes''), were published for comment in 
the Federal Register on April 25, 2017.\3\ The Commission did not 
receive any comments on the Proposed Rule Changes.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ Securities Exchange Act Release No. 80489 (April 19, 2017), 
82 FR 19120 (April 25, 2017) (SR-DTC-2017-004, SR-NSCC-2017-005, SR-
FICC-2017-008).
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    Section 19(b)(2) of the Act \4\ provides that within 45 days of the 
publication of notice of the filing of a proposed rule change, or 
within such longer period up to 90 days as the Commission may designate 
if it finds such longer period to be appropriate and publishes its 
reasons for so finding or as to which the self-regulatory organization 
consents, 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. The 
45th day after publication of the notice for the Proposed Rule Changes 
is June 9, 2017.
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    \4\ 15 U.S.C. 78s(b)(2).
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    The Commission is extending the 45-day time period for Commission 
action on the Proposed Rule Changes. The Commission finds that it is 
appropriate to designate a longer period within which to take action on 
the Proposed Rule Changes so that it has sufficient time to consider 
and take action on the Proposed Rule Changes.
    Accordingly, pursuant to Section 19(b)(2) of the Act \5\ and for 
the reasons stated above, the Commission designates July 24, 2017 as 
the date by which the Commission shall either approve, disapprove, or 
institute proceedings to determine whether to disapprove proposed rule 
changes SR-DTC-2017-004, SR-NSCC-2017-005, and SR-FICC-2017-008.
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    \5\ 15 U.S.C. 78s(b)(2).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\6\
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    \6\ 17 CFR 200.30-3(a)(31).
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Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-12154 Filed 6-12-17; 8:45 am]
 BILLING CODE 8011-01-P

27094 Federal Register / Vol. 82, No. 112 / Tuesday, June 13, 2017 / Notices

Corporation (‘‘FICC,’’ and together with For the Commission, by the Division of self-regulatory organization consents,
DTC and NSCC, the ‘‘Clearing Trading and Markets, pursuant to delegated the Commission shall either approve the
Agencies’’), filed with the Securities and authority.6 proposed rule change, disapprove the
Exchange Commission (‘‘Commission’’) Eduardo A. Aleman, proposed rule change, or institute
proposed rule changes SR–DTC–2017– Assistant Secretary. proceedings to determine whether the
003, SR–NSCC–2017–004, SR–FICC– [FR Doc. 2017–12155 Filed 6–12–17; 8:45 am] proposed rule change should be
2017–007, respectively, pursuant to BILLING CODE 8011–01–P disapproved. The 45th day after
Section 19(b)(1) of the Securities publication of the notice for the
Exchange Act of 1934 (‘‘Act’’) 1 and Rule Proposed Rule Changes is June 9, 2017.
19b–4 thereunder.2 On April 13, 2017, SECURITIES AND EXCHANGE The Commission is extending the 45-
the Clearing Agencies filed COMMISSION day time period for Commission action
Amendments No. 1 to the proposed rule [Release No. 34–80877; File Nos. SR–DTC– on the Proposed Rule Changes. The
changes, which made technical 2017–004; SR–NSCC–2017–005; SR–FICC– Commission finds that it is appropriate
corrections to the page numbers and the 2017–008] to designate a longer period within
Table of Contents in the Exhibit 5s. The which to take action on the Proposed
proposed rule changes, as modified by Self-Regulatory Organizations; The Rule Changes so that it has sufficient
Amendments No. 1 (hereinafter, Depository Trust Company; National time to consider and take action on the
‘‘Proposed Rule Changes’’), were Securities Clearing Corporation; Fixed Proposed Rule Changes.
published for comment in the Federal Income Clearing Corporation; Notice of Accordingly, pursuant to Section
Register on April 25, 2017.3 The Designation of Longer Period for 19(b)(2) of the Act 5 and for the reasons
Commission did not receive any Commission Action on Proposed Rule stated above, the Commission
comments on the Proposed Rule Changes, as Modified by Amendments designates July 24, 2017 as the date by
Changes. No. 1, To Adopt the Clearing Agency which the Commission shall either
Liquidity Risk Management Framework approve, disapprove, or institute
Section 19(b)(2) of the Act 4 provides
June 7, 2017. proceedings to determine whether to
that within 45 days of the publication of
On April 6, 2017, The Depository disapprove proposed rule changes SR–
notice of the filing of a proposed rule
Trust Company (‘‘DTC’’), National DTC–2017–004, SR–NSCC–2017–005,
change, or within such longer period up
Securities Clearing Corporation and SR–FICC–2017–008.
to 90 days as the Commission may
designate if it finds such longer period (‘‘NSCC’’), and Fixed Income Clearing For the Commission, by the Division of
to be appropriate and publishes its Corporation (‘‘FICC,’’ and together with Trading and Markets, pursuant to delegated
reasons for so finding or as to which the DTC and NSCC, the ‘‘Clearing authority.6
self-regulatory organization consents, Agencies’’), filed with the Securities and Eduardo A. Aleman,
the Commission shall either approve the Exchange Commission (‘‘Commission’’) Assistant Secretary.
proposed rule change, disapprove the proposed rule changes SR–DTC–2017– [FR Doc. 2017–12154 Filed 6–12–17; 8:45 am]
proposed rule change, or institute 004, SR–NSCC–2017–005, SR–FICC– BILLING CODE 8011–01–P
proceedings to determine whether the 2017–008, respectively, pursuant to
proposed rule change should be Section 19(b)(1) of the Securities
disapproved. The 45th day after Exchange Act of 1934 (‘‘Act’’) 1 and Rule SECURITIES AND EXCHANGE
publication of the notice for the 19b–4 thereunder.2 On April 13, 2017, COMMISSION
Proposed Rule Changes is June 9, 2017. the Clearing Agencies filed
Amendments No. 1 to the proposed rule [Release No. 34–80873; File No. SR–ISE–
The Commission is extending the 45- 2017–51]
day time period for Commission action changes, which made technical
on the Proposed Rule Changes. The corrections to the page numbers and the Self-Regulatory Organizations; Nasdaq
Commission finds that it is appropriate Table of Contents in the Exhibit 5s. The ISE, LLC; Notice of Filing and
to designate a longer period within proposed rule changes, as modified by Immediate Effectiveness of Proposed
which to take action on the Proposed Amendments No. 1 (hereinafter, Rule Change To Remove Chapter 21
Rule Changes so that it has sufficient ‘‘Proposed Rule Changes’’), were From the ISE Rulebook
time to consider and take action on the published for comment in the Federal
Proposed Rule Changes. Register on April 25, 2017.3 The June 7, 2017.
Commission did not receive any Pursuant to Section 19(b)(1) of the
Accordingly, pursuant to Section comments on the Proposed Rule Securities Exchange Act of 1934
19(b)(2) of the Act 5 and for the reasons Changes. (‘‘Act’’),1 and Rule 19b–4 thereunder,2
stated above, the Commission Section 19(b)(2) of the Act 4 provides notice is hereby given that on June 5,
designates July 24, 2017 as the date by that within 45 days of the publication of 2017, Nasdaq ISE, LLC (‘‘ISE’’ or
which the Commission shall either notice of the filing of a proposed rule ‘‘Exchange’’) filed with the Securities
approve, disapprove, or institute change, or within such longer period up and Exchange Commission (‘‘SEC’’ or
proceedings to determine whether to to 90 days as the Commission may ‘‘Commission’’) the proposed rule
disapprove proposed rule changes SR– designate if it finds such longer period change as described in Items I, II, and
DTC–2017–003, SR–NSCC–2017–004, to be appropriate and publishes its III, below, which Items have been
and SR–FICC–2017–007. reasons for so finding or as to which the prepared by the Exchange. The
Commission is publishing this notice to
nlaroche on DSK30NT082PROD with NOTICES

1 15 U.S.C. 78s(b)(1). 6 17 CFR 200.30–3(a)(31). solicit comments on the proposed rule
2 17 CFR 240.19b–4. 1 15 U.S.C. 78s(b)(1).
3 Securities Exchange Act Release No. 80491 2 17 CFR 240.19b–4.
change from interested persons.
(April 19, 2017), 82 FR 19127 (April 25, 2017) (SR– 3 Securities Exchange Act Release No. 80489
5 15 U.S.C. 78s(b)(2).
DTC–2017–003, SR–NSCC–2017–004, SR–FICC– (April 19, 2017), 82 FR 19120 (April 25, 2017) (SR–
2017–007). DTC–2017–004, SR–NSCC–2017–005, SR–FICC– 6 17 CFR 200.30–3(a)(31).
4 15 U.S.C. 78s(b)(2). 2017–008). 1 15 U.S.C. 78s(b)(1).
5 15 U.S.C. 78s(b)(2)(A)(ii)(I). 4 15 U.S.C. 78s(b)(2). 2 17 CFR 240.19b–4.

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Document Created: 2017-06-13 00:22:19
Document Modified: 2017-06-13 00:22:19

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
FR Citation		82 FR 27094