82 FR 29355 - Self-Regulatory Organizations; Fixed Income Clearing Corporation; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Make Clarifications and Corrections to the Government Securities Division Rulebook, the Mortgage-Backed Securities Division Clearing Rules and the Mortgage-Backed Securities Division EPN Rules
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 82, Issue 123 (June 28, 2017)
Federal Register Volume 82, Issue 123 (June 28, 2017)
| Page Range | 29355-29359 | |
| FR Document | 2017-13490 |
[Federal Register Volume 82, Number 123 (Wednesday, June 28, 2017)] [Notices] [Pages 29355-29359] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2017-13490] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-81002; File No. SR-FICC-2017-015] Self-Regulatory Organizations; Fixed Income Clearing Corporation; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Make Clarifications and Corrections to the Government Securities Division Rulebook, the Mortgage-Backed Securities Division Clearing Rules and the Mortgage-Backed Securities Division EPN Rules June 22, 2017. 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 June 16, 2017, Fixed Income Clearing Corporation (``FICC'') filed with the Securities and Exchange Commission (``Commission'') the proposed rule change as described in Items I, II and III below, which Items have been prepared by the clearing agency. FICC filed the [[Page 29356]] proposal pursuant to Section 19(b)(3)(A) of the Act \3\ and Rule 19b- 4(f)(4) thereunder \4\ so that the proposal was effective upon filing with the Commission. The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons. --------------------------------------------------------------------------- \1\ 15 U.S.C. 78s(b)(1). \2\ 17 CFR 240.19b-4. \3\ 15 U.S.C. 78s(b)(3)(A). \4\ 17 CFR 240.19b-4(f)(4). --------------------------------------------------------------------------- I. Clearing Agency's Statement of the Terms of Substance of the Proposed Rule Change The proposed rule change would make clarifications and corrections (including the addition of certain new definitions, as described in more detail below) to FICC's Government Securities Division (``GSD'') Rulebook (the ``GSD Rules''), Mortgage-Backed Securities Division (``MBSD'') Clearing Rules (the ``MBSD Clearing Rules'') and MBSD EPN Rules (the ``EPN Rules,'' and collectively with the GSD Rules and the MBSD Clearing Rules, the ``Rules''), as described in greater detail below.\5\ --------------------------------------------------------------------------- \5\ Each capitalized term used herein and not otherwise defined shall have the meaning set forth in the GSD Rules, MBSD Clearing Rules or the EPN Rules, as applicable, available at http://www.dtcc.com/legal/rules-and-procedures. --------------------------------------------------------------------------- II. Clearing Agency's Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change In its filing with the Commission, the clearing agency 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 clearing agency has prepared summaries, set forth in sections A, B, and C below, of the most significant aspects of such statements. (A) Clearing Agency's Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change 1. Purpose The purpose of the proposed rule change is to make certain clarifications and corrections (including the addition of certain new definitions) to the Rules so that the Rules remain consistent and clear. The proposed changes consist only of clarifications and corrections (including the addition of certain new definitions) and do not change any of the rights or obligations of the GSD Members, MBSD Members or EPN Users. (i) Proposed Changes to the GSD Rules FICC is proposing to make the following changes to the GSD Rules: A. Proposed Changes to GSD Rule 1--Definitions (1) Delete the incorrect reference to ``Section 1 of Rule 2'' in the definition of ``Bank Netting Member'' and replace it with a reference to ``Section 2 of Rule 2A.'' (2) Correct certain definitions relating to brokers and dealers and add certain defined terms in conjunction with such corrections, as described below (collectively, the changes referred to in this item (2) are referred to as the ``Broker/Dealer Changes''): (i) FICC has identified that the existing terms ``Registered Government Securities Brokers'' and ``Registered Government Securities Dealers'' refer to brokers and dealers registered with the Commission under either Section 15 or Section 15C of the Act, when such terms should only refer to brokers and dealers registered under Section 15C of the Act. The proposed rule change would correct these definitions in this regard. (ii) Two new terms, ``Registered Broker'' and ``Registered Dealer,'' would be added to GSD Rule 1 to address brokers and dealers that are registered under Section 15 of the Act. (iii) The term ``Broker,'' which is defined in part as a ``Registered Government Securities Broker,'' would be updated to add a reference to a ``Registered Broker.'' In addition, ``or'' is being added to reflect that a Broker would include a Registered Broker or a Registered Government Securities Broker. These corrections would make the definition consistent with the manner in which the term ``Broker'' is used throughout the GSD Rules and consistent with the corrections noted above in clauses (i) and (ii). (iv) The term ``Dealer,'' which is defined as a ``Registered Government Securities Dealer,'' would be updated to add a reference to a ``Registered Dealer.'' In addition, ``or'' is being added to reflect that a Dealer would include a Registered Dealer or a Registered Government Securities Dealer. These corrections would make the definition consistent with the manner in which the term ``Dealer'' is used throughout the GSD Rules and consistent with the corrections noted above in clauses (i) and (ii). (3) Delete references to ``Category 1 Inter-Dealer Broker'' and ``Category 2 Inter-Dealer Broker'' in the definition of ``Brokered Transaction'' and replace them with ``Inter-Dealer Broker,'' make a grammatical change, and change the numbering in the definition to reflect the replacements. The concept of and all other references to Category 1 Inter-Dealer Brokers and Category 2 Inter-Dealer Brokers were intended to be removed from the GSD Rules in connection with the Commission's approval of rule filing SR-FICC-2010-09,\6\ however, a few references inadvertently remain in the current version of the GSD Rules. --------------------------------------------------------------------------- \6\ Securities Exchange Act Release No. 63986 (February 28, 2011); 76 FR 12144 (March 4, 2011) (SR-FICC-2010-09). --------------------------------------------------------------------------- (4) Delete the references to ``Registered Government Securities Broker'' and ``Registered Government Securities Dealer'' in the definition of ``Covered Affiliate'' and replace each reference with ``Broker'' and ``Dealer,'' respectively. Currently, ``Covered Affiliate'' is defined in part to include certain ``Registered Government Securities Brokers'' and ``Registered Government Securities Dealers,'' however, this definition should also include certain ``Registered Brokers'' and ``Registered Dealers,'' as such terms are proposed to be added in this filing. The revised terms ``Broker'' and ``Dealer'' as proposed by this filing would also include Registered Brokers and Registered Dealers. This correction would make the definition consistent with the manner in which the term ``Covered Affiliate'' is used throughout the GSD Rules and consistent with the Broker/Dealer Changes noted above. (5) Change the definition of the term ``Designated Examining Authority'' to replace the existing descriptions of brokers and dealers with ``Broker or Dealer, as applicable.'' The use of the updated terms ``Broker'' and ``Dealer'' as proposed above and the addition of ``as applicable'' would refer to brokers and dealers registered under Section 15 of the Act and under Section 15C of the Act in a more succinct manner, would ensure consistency with the manner in which ``Designated Examining Authority'' is used throughout the GSD Rules and would be consistent with the Broker/Dealer Changes noted above. (6) Delete the repeated definitions of the terms ``Eligible Letter of Credit'' and ``Eligible Netting Security.'' (7) Delete the reference to ``whole percentage'' and replace it with ``two decimal places'' in the definition of the term ``Excess Capital Ratio'' to reflect that the quotient is rounded to the nearest two decimal places. The proposed change would make the GSD Rules consistent with the MBSD Clearing Rules, which would have an equivalent definition. (8) Delete the reference to ``GSCC'' and replace it with ``the Corporation'' in the definition of the ``Full-Sized Trade'' because GSCC is not a defined term that is used in the GSD Rules. GSCC refers [[Page 29357]] to GSD's predecessor, the Government Securities Clearing Corporation.\7\ --------------------------------------------------------------------------- \7\ FICC resulted from a merger of GSCC and the Mortgage-Backed Securities Clearing Corporation on January 1, 2003. --------------------------------------------------------------------------- (9) Add a new defined term for ``Inter-Dealer Broker'' consistent with the manner in which the term is currently used in the GSD Rules and consistent with the MBSD Clearing Rules, which have the equivalent definition. (10) Delete the following definitions because they are not used in the GSD Rules: ``Member Brokered Transaction,'' ``Non-Member Brokered Transaction,'' and ``Offsetting Position.'' B. Proposed Changes to GSD Rule 2A--Initial Membership Requirements (1) Delete the references to ``Registered Government Securities Dealer'' and replace them with ``Dealer'' in Section 2(a)(ii) to reflect the Broker/Dealer Changes noted above. (2) Correct two grammatical errors in Section 2(a)(iv). (3) Delete the references to ``Duff & Phelps (``D&P'')'' and ``D&P'' and replace them with ``Fitch Ratings (``Fitch'')'' and ``Fitch,'' respectively, in Section 4 because Duff & Phelps Credit Rating Co. was acquired by Fitch IBCA. (4) Delete the incorrect reference to ``Rule 3'' and replace it with ``this Rule 2A'' in Section 6. C. Proposed Changes to GSD Rule 3--Ongoing Membership Requirements Add ``Ratio'' after the reference to ``Excess Capital'' to read ``Excess Capital Ratio'' in Section 14. Section 14 requires a Netting Member to make a Clearing Fund deposit if its Excess Capital Ratio exceeds 1.0 because of the perceived risk posed by such Netting Member. Such deposit is calculated to bring the Clearing Fund to a desired level regarding the risk relating to such Netting Member. FICC currently calculates and has historically calculated this deposit using the Excess Capital Ratio as a multiple. Reference to Excess Capital as the multiple in the GSD Rules is incorrect--using Excess Capital as the multiple would result in a deposit requirement for a Netting Member that far exceeds the amount that FICC has determined is needed to increase the Clearing Fund to the desired level. The proposed change would make the GSD Rules consistent with the MBSD Clearing Rules, which have an equivalent formula in MBSD Clearing Rule 3 Section 12. D. Proposed Changes to GSD Rule 4--Clearing Fund and Loss Allocation (1) Delete the incorrect reference to ``Section 8'' in the first paragraph of Section 5 and replace it with ``Section 7.'' (2) Delete the phrase ``Category 1'' before the words ``Inter- Dealer Broker Netting Member'' in Section 5 and make a grammatical change to reflect the deletion. The concept of and all other references to the term Category 1 were intended to be removed from the GSD Rules in connection with the Commission's approval of rule filing SR-FICC- 2010-09,\8\ however, this reference inadvertently remains in the current version of the GSD Rules. --------------------------------------------------------------------------- \8\ See supra note 6. --------------------------------------------------------------------------- E. Proposed Changes to GSD Rule 5--Comparison System Capitalize the word ``trades'' in the phrase ``Full-Sized trades'' in Section 4 so that it reflects the defined term ``Full-Sized Trade,'' which is currently included in GSD Rule 1.\9\ --------------------------------------------------------------------------- \9\ ``Full-Sized Trade'' means a trade that is submitted to FICC in the full-size dollar amount in which it was executed as opposed to being submitted in an equivalent amount of $50 million pieces and a single tail. See GSD Rule 1, supra note 5. --------------------------------------------------------------------------- F. Proposed Changes to GSD Rule 15--Special Provisions for Certain Netting Members (1) Remove a reserved section heading and renumber section headings that currently follow that heading to reflect its removal. (2) Delete the phrase ``or an Inter-Dealer Broker Netting Member'' in the third sentence in proposed renumbered Section 2 because the term Inter-Dealer Broker Netting Member is inadvertently referenced twice. G. Proposed Changes to GSD Rule 17--Netting and Settlement of Netting- Eligible Auction Purchases Remove a reserved section heading and renumber section headings that currently follow that heading to reflect its removal. (ii) Proposed Changes to the MBSD Clearing Rules FICC is proposing to make the following changes to the MBSD Clearing Rules: A. Proposed Changes to MBSD Clearing Rule 1--Definitions (1) Add a new defined term for ``Close of Business'' consistent with the manner in which the term is currently used in the MBSD Clearing Rules and consistent with the GSD Rules which have the equivalent definition. (2) Delete the word ``whole'' from the phrase ``whole two decimal places'' in the definition of ``Excess Capital Ratio'' to reflect the standard convention for referencing decimals. B. Proposed Changes to MBSD Clearing Rule 3--Ongoing Membership Requirements Delete the phrase ``close of business'' and replace it with ``Close of Business'' in Section 2 so that it reflects the proposed new defined term ``Close of Business,'' which would be added in MBSD Clearing Rule 1. C. Proposed Changes to MBSD Clearing Rule 4--Clearing Fund and Loss Allocation (1) Delete the references to ``Total Amount'' and replace them with ``Required Fund Deposit'' in Section 2(d) because Total Amount is not a defined term and the correct reference in that section should be to the amount a Clearing Member is required to deposit to the Clearing Fund pursuant to MBSD Clearing Rule 4, which is the ``Required Fund Deposit.\10\ --------------------------------------------------------------------------- \10\ ``Required Fund Deposit'' means the amount a Clearing Member is required to deposit to the Clearing Fund pursuant to MBSD Clearing Rule 4. See MBSD Clearing Rule 1, supra note 5. --------------------------------------------------------------------------- (2) Delete the reference to ``deposit'' and replace it with ``Required Fund Deposit'' in Section 3 because the correct reference in that section should be to the amount a Clearing Member is required to deposit to the Clearing Fund pursuant to MBSD Clearing Rule 4, which is the ``Required Fund Deposit.'' (3) Clarify that the minimum amount of cash a Clearing Member must deposit into its Required Fund Deposit is $100,000 in Section 3. Section 2(d) refers to the same minimum Required Fund Deposit amount and the proposed change would make Section 3 consistent with Section 2(d). (4) Delete the references to ``close of business'' and replace them with ``Close of Business'' in Section 5 and Section 8 so that they reflect the proposed new defined term ``Close of Business,'' which would be added in MBSD Clearing Rule 1. (iii) Proposed Changes to the EPN Rules FICC is proposing to make the following changes to the EPN Rules: A. Proposed Changes to Article 1 EPN Rule 1--Definitions (1) Add a period after ``Rule 1'' to conform the punctuation in EPN Rule 1 with other EPN Rules. (2) Delete the incorrect cross-reference to ``Article VII'' and replace it with ``Article II'' in the definition of ``Account.'' (3) Delete the incorrect cross-reference to ``Article VI'' and replace it with [[Page 29358]] ``Article I'' in the definition of ``EPN Eligible Security.'' (4) Delete the incorrect cross-reference to ``Article X'' and replace it with ``Article V'' in the definition of ``EPN Procedures.'' (5) Delete the incorrect cross-references to ``Articles VI, VII, VIII, IX and X of the Rules,'' in the definition of ``EPN Rules.'' Such references to the Articles are unnecessary. (6) Move the definition of ``EPN Service'' so that it is in correct alphabetical order. (7) Delete the incorrect cross-reference to ``Article VIII'' and replace it with ``Article III'' in the definition of ``EPN User Agreement.'' (8) Delete the definition of ``Membership and Risk Management Committee'' because this term is not used in the EPN Rules. (9) Move the definition of ``Messages'' so that it is in correct alphabetical order. (10) Delete the incorrect cross-reference to ``Article VII'' and replace it with ``Article II'' in the definition of ``Message Detail Report.'' (11) Delete the incorrect reference to ``Article VII'' and replace it with ``Article II'' in the definition of ``Message Summary Report.'' (12) Delete the definition of ``Operations and Planning Committee'' because this term is not used in the EPN Rules. B. Proposed Changes to Article I EPN Rule 2--EPN Eligible Securities Correct a grammatical error and delete the incorrect cross- reference to ``Article X'' and replace it with ``Article V.'' C. Proposed Changes to Article II--Messages Processed by the Corporation (1) Add the following language to EPN Rule 1 Section 1: ``The Corporation shall maintain one or more Accounts for each EPN User'' because this language appears to have been inadvertently deleted from previous versions of the EPN Rules. (2) Delete the term ``Reports'' and replace it with lowercased ``reports'' in EPN Rule 2 Section 1 because Reports is not a defined term in the EPN Rules. D. Proposed Changes to Article III--EPN Users (1) Delete the incorrect cross-reference to ``Article X'' and replace it with ``Article V'' and correct a grammatical error in EPN Rule 1 Section 5. (2) Delete the incorrect cross-reference to ``Article X'' and replace it with ``Article V'' in EPN Rule 1 Section 7. (3) Correct two grammatical errors in EPN Rule 2 Section 1. (4) Delete the incorrect cross-reference to ``Article VIII'' and replace it with ``Article III'' in EPN Rule 3 Section 1. E. Proposed Changes to Article V--Miscellaneous (1) Add ``EPN'' before each reference to ``Rules'' because ``EPN Rules'' is the correct defined term. (2) Remove extra spaces between ``Interested'' and ``Person'' in the first paragraph of Rule 7 Section 1 and replace ``a'' with ``an'' before the proposed addition of ``EPN'' in the second paragraph of Rule 7 Section 1 for grammatical correctness. (3) Add ``EPN'' before each reference to ``Procedures'' because ``EPN Procedures'' is the correct defined term. (4) Add a tab space before certain paragraphs throughout Article V to conform the spacing in Article V to the other Articles in the EPN Rules. (5) Delete the reference to ``minor rule violation'' and replace it with ``Minor Rule Violation'' in EPN Rule 7 Section 3 so that it reflects the defined term, ``Minor Rule Violation,'' which is currently included in EPN Rule 7 Section 2, and correct the cross-reference in that Section to reflect that the term ``Minor Rule Violation'' is defined in Section 2 of EPN Rule 7 rather than Section 3.\11\ --------------------------------------------------------------------------- \11\ ``Minor Rule Violation'' means a violation of the EPN Rules for which a fine may be assessed against the Interested Person in an amount not to exceed $5,000. See Article V, EPN Rule 7, Section 2, supra note 5. --------------------------------------------------------------------------- (6) Delete the heading ``SEC. 6. FINALITY OF CORPORATION ACTION'' because it is misplaced, and reorder the numbering for each EPN Rule that currently follows that heading so that each such EPN Rule continues as part of Article V. (7) Correct a grammatical error in proposed renumbered EPN Rule 14(b)(ii). (8) Correct a grammatical error, and delete the incorrect cross- reference to ``Article X'' and replace it with ``Article V'' in proposed renumbered EPN Rule 14(c). 2. Statutory Basis Section 17A(b)(3)(F) \12\ of the Act requires, in part, that the Rules be designed to promote the prompt and accurate clearance and settlement of securities transactions. FICC believes that the proposed rule change has been designed to promote the prompt and accurate clearance and settlement of securities transactions, consistent with Section 17A(b)(3)(F).\13\ Specifically, the proposed rule change would clarify the meaning of certain provisions of the Rules, correct grammatical errors, correct cross-references and similar technical changes, which ensure that the Rules are consistent and clear. As such, FICC believes the proposed rule change would allow GSD Members, MBSD Members and EPN Users governed by the applicable Rules to have a better understanding of the Rules and thereby assist in promoting the prompt and accurate clearance and settlement of securities transactions. --------------------------------------------------------------------------- \12\ 15 U.S.C. 78q-1(b)(3)(F). \13\ Id. --------------------------------------------------------------------------- (B) Clearing Agency's Statement on Burden on Competition FICC does not believe that the proposed rule change will have any impact on competition because the proposed changes to the Rules are clarifications and corrections (including the addition of certain new definitions), which would not change FICC's current practices or the rights or obligations of the GSD Members, MBSD Members or EPN Users bound by the applicable Rules. Therefore, the proposed changes should have no effect on the GSD Members, MBSD Members or EPN Users that are bound by the applicable Rules other than to foster a better understanding of the applicable Rules by such GSD Members, MBSD Members and EPN Users. (C) Clearing Agency's Statement on Comments on the Proposed Rule Change Received From Members, Participants, or Others Written comments relating to the proposed rule change have not been solicited or received. FICC will notify the Commission of any written comments received by FICC. III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action The foregoing rule change has become effective pursuant to Section 19(b)(3)(A) \14\ of the Act and subparagraph (f)(4) of Rule 19b-4 \15\ thereunder. 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. --------------------------------------------------------------------------- \14\ 15 U.S.C. 78s(b)(3)(A). \15\ 17 CFR 240.19b-4(f)(4). --------------------------------------------------------------------------- IV. Solicitation of Comments Interested persons are invited to submit written data, views and arguments concerning the foregoing, [[Page 29359]] including whether the proposed rule change is consistent with the Act. Comments may be submitted by any of the following methods: Electronic CommentsUse the Commission's Internet comment form (http://www.sec.gov/rules/sro.shtml); or Send an email to [email protected]. Please include File Number SR-FICC-2017-015 on the subject line. 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-FICC-2017-015. 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 Web site (http://www.sec.gov/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 Web site 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 the filing also will be available for inspection and copying at the principal office of FICC and on DTCC's Web site (http://dtcc.com/legal/sec-rule-filings.aspx). All comments received will be posted without change; the Commission does not edit personal identifying information from submissions. You should submit only information that you wish to make available publicly. All submissions should refer to File Number SR-FICC-2017-015 and should be submitted on or before July 19, 2017. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\16\ --------------------------------------------------------------------------- \16\ 17 CFR 200.30-3(a)(12). --------------------------------------------------------------------------- Eduardo A. Aleman, Assistant Secretary. [FR Doc. 2017-13490 Filed 6-27-17; 8:45 am] BILLING CODE 8011-01-P
![Federal Register / Vol. 82, No. 123 / Wednesday, June 28, 2017 / Notices 29355
investors; or (iii) otherwise in 2017–59 and should be submitted on or reasons for so finding or as to which the
furtherance of the purposes of the Act. before July 19, 2017. self-regulatory organization consents,
If the Commission takes such action, the For the Commission, by the Division of the Commission shall either approve the
Commission shall institute proceedings Trading and Markets, pursuant to delegated proposed rule change, disapprove the
to determine whether the proposed rule authority.11 proposed rule change, or institute
should be approved or disapproved. Eduardo A. Aleman, proceedings to determine whether the
Assistant Secretary. proposed rule change should be
IV. Solicitation of Comments disapproved. The 45th day after
[FR Doc. 2017–13475 Filed 6–27–17; 8:45 am]
Interested persons are invited to publication of the notice for this
BILLING CODE 8011–01–P
proposed rule change is June 23, 2017.
submit written data, views, and
The Commission is extending this 45-
arguments concerning the foregoing,
SECURITIES AND EXCHANGE day time period for Commission action
including whether the proposed rule
on the proposed rule change.
change is consistent with the Act. COMMISSION
The Commission finds that it is
Comments may be submitted by any of [Release No. 34–80998; File No. SR–IEX– appropriate to designate a longer period
the following methods: 2017–10] within which to take action on the
Electronic Comments proposed rule change so that it has
Self-Regulatory Organizations; sufficient time to consider the proposed
• Use the Commission’s Internet Investors Exchange LLC; Notice of rule change. Accordingly, the
comment form (http://www.sec.gov/ Designation of a Longer Period for Commission, pursuant to Section
rules/sro.shtml); or Commission Action on a Proposed 19(b)(2) of the Act,7 designates August
Rule Change Related to Auctions in 7, 2017, as the date by which the
• Send an email to rule-comments@ IEX-Listed Securities, Dissemination of
sec.gov. Please include File Number SR– Commission shall either approve or
Auction-Related Market Data, and disapprove, or institute proceedings to
ISE–2017–59 on the subject line. Provisions Governing Trading Halts determine whether to disapprove, the
Paper Comments and Pauses proposed rule change (File No. SR–IEX–
2017–10).
• Send paper comments in triplicate June 22, 2017.
On April 20, 2017, the Investors For the Commission, by the Division of
to Secretary, Securities and Exchange
Exchange LLC (‘‘IEX’’ or the Trading and Markets, pursuant to delegated
Commission, 100 F Street NE., authority.8
Washington, DC 20549–1090. ‘‘Exchange’’) filed with the Securities
and Exchange Commission Eduardo A. Aleman,
All submissions should refer to File (‘‘Commission’’), pursuant to Section Assistant Secretary.
Number SR–ISE–2017–59. This file 19(b)(1) of the Securities Exchange Act [FR Doc. 2017–13474 Filed 6–27–17; 8:45 am]
number should be included on the of 1934 (‘‘Act’’) 1 and Rule 19b–4 BILLING CODE 8011–01–P
subject line if email is used. To help the thereunder,2 a proposed rule change to
Commission process and review your adopt rules governing auctions
comments more efficiently, please use conducted on the Exchange for IEX- SECURITIES AND EXCHANGE
only one method. The Commission will listed securities, provide for the COMMISSION
post all comments on the Commission’s dissemination of auction-related market [Release No. 34–81002; File No. SR–FICC–
Internet Web site (http://www.sec.gov/ data, and add rule provisions governing 2017–015]
rules/sro.shtml). Copies of the trading halts and trading pauses in IEX-
submission, all subsequent listed securities pursuant to the Limit Self-Regulatory Organizations; Fixed
amendments, all written statements Up-Limit Down Plan. The proposed rule Income Clearing Corporation; Notice of
with respect to the proposed rule change was published for comment in Filing and Immediate Effectiveness of
change that are filed with the the Federal Register on May 9, 2017.3 a Proposed Rule Change To Make
Commission, and all written The Commission received one comment Clarifications and Corrections to the
communications relating to the regarding the proposed rule change.4 Government Securities Division
proposed rule change between the The Exchange responded to the Rulebook, the Mortgage-Backed
Commission and any person, other than comment on June 5, 2017.5 Securities Division Clearing Rules and
those that may be withheld from the Section 19(b)(2) of the Act 6 provides the Mortgage-Backed Securities
public in accordance with the that within 45 days of the publication of Division EPN Rules
provisions of 5 U.S.C. 552, will be notice of the filing of a proposed rule
June 22, 2017.
available for Web site viewing and change, or within such longer period up
printing in the Commission’s Public Pursuant to Section 19(b)(1) of the
to 90 days as the Commission may
Reference Room, 100 F Street NE., Securities Exchange Act of 1934
designate if it finds such longer period
Washington, DC 20549, on official (‘‘Act’’) 1 and Rule 19b–4 thereunder,2
to be appropriate and publishes its
business days between the hours of notice is hereby given that on June 16,
10:00 a.m. and 3:00 p.m. Copies of the 11 17 CFR 200.30–3(a)(12).
2017, Fixed Income Clearing
filing also will be available for 1 15 U.S.C. 78s(b)(1). Corporation (‘‘FICC’’) filed with the
inspection and copying at the principal 2 17 CFR 240.19b–4. Securities and Exchange Commission
asabaliauskas on DSKBBXCHB2PROD with NOTICES
office of the Exchange. All comments
3 See Securities Exchange Act Release No. 80583 (‘‘Commission’’) the proposed rule
received will be posted without change;
(May 3, 2017), 82 FR 21634. change as described in Items I, II and III
4 See letter to Brent J. Fields, Secretary,
the Commission does not edit personal below, which Items have been prepared
Commission, from Joan C. Conley, Senior Vice
identifying information from President and Corporate Secretary, The NASDAQ
by the clearing agency. FICC filed the
submissions. You should submit only Stock Market LLC, dated May 30, 2017.
5 See letter to Brent J. Fields, Secretary, 7 15 U.S.C. 78s(b)(2).
information that you wish to make 8 17 CFR 200.30–3(a)(31).
Commission, from Sophia Lee, General Counsel,
available publicly. All submissions IEX, dated June 5, 2017. 1 15 U.S.C. 78s(b)(1).
should refer to File Number SR–ISE– 6 15 U.S.C. 78s(b)(2). 2 17 CFR 240.19b–4.
VerDate Sep<11>2014 17:22 Jun 27, 2017 Jkt 241001 PO 00000 Frm 00082 Fmt 4703 Sfmt 4703 E:\FR\FM\28JNN1.SGM 28JNN1](https://thefederalregister.org/doc/82_FR_29478/page/1.svg)
![Federal Register / Vol. 82, No. 123 / Wednesday, June 28, 2017 / Notices 29359
including whether the proposed rule DEPARTMENT OF STATE DEPARTMENT OF STATE
change is consistent with the Act.
[Public Notice: 10042]
Comments may be submitted by any of [Public Notice: 10048]
the following methods: 30-Day Notice of Proposed Information
Electronic Comments Notice of Determinations; Culturally Collection: Passport Demand
Significant Objects Imported for Forecasting Survey
• Use the Commission’s Internet
Exhibition Determinations: ‘‘KLIMT &
comment form (http://www.sec.gov/ ACTION:Notice of request for public
RODIN: An Artistic Encounter’’
rules/sro.shtml); or comment and submission to OMB of
• Send an email to rule-comments@ Exhibition
proposed collection of information.
sec.gov. Please include File Number SR–
Notice is hereby given of the
FICC–2017–015 on the subject line. SUMMARY: The Department of State has
following determinations: Pursuant to submitted the information collection
Paper Comments the authority vested in me by the Act of described below to the Office of
• Send paper comments in triplicate October 19, 1965 (79 Stat. 985; 22 U.S.C. Management and Budget (OMB) for
to Secretary, Securities and Exchange 2459), E.O. 12047 of March 27, 1978, the approval. In accordance with the
Commission, 100 F Street NE., Foreign Affairs Reform and Paperwork Reduction Act of 1995 we
Washington, DC 20549–1090. Restructuring Act of 1998 (112 Stat. are requesting comments on this
All submissions should refer to File 2681, et seq.; 22 U.S.C. 6501 note, et collection from all interested
Number SR–FICC–2017–015. This file seq.), Delegation of Authority No. 234 of individuals and organizations. The
number should be included on the October 1, 1999, Delegation of Authority purpose of this Notice is to allow 30
subject line if email is used. To help the No. 236–3 of August 28, 2000 (and, as days for public comment.
Commission process and review your appropriate, Delegation of Authority No. DATES: Submit comments directly to the
comments more efficiently, please use 257–1 of December 11, 2015), I hereby Office of Management and Budget
only one method. The Commission will determine that certain objects to be (OMB) up to July 28, 2017.
post all comments on the Commission’s included in the exhibition ‘‘KLIMT & ADDRESSES: Direct comments to the
Internet Web site (http://www.sec.gov/ RODIN: An Artistic Encounter,’’ Department of State Desk Officer in the
rules/sro.shtml). Copies of the imported from abroad for temporary Office of Information and Regulatory
submission, all subsequent exhibition within the United States, are Affairs at the Office of Management and
amendments, all written statements of cultural significance. The objects are Budget (OMB). You may submit
with respect to the proposed rule imported pursuant to loan agreements comments by the following methods:
change that are filed with the with the foreign owners or custodians. • Email: oira_submission@
Commission, and all written I also determine that the exhibition or omb.eop.gov. You must include the DS
communications relating to the display of the exhibit objects at the Fine form number, information collection
proposed rule change between the title, and the OMB control number in
Arts Museums of San Francisco, Legion
Commission and any person, other than the subject line of your message.
of Honor, San Francisco, California,
those that may be withheld from the • Fax: 202–395–5806. Attention: Desk
public in accordance with the from on or about October 14, 2017, until
on or about January 28, 2018, and at Officer for Department of State.
provisions of 5 U.S.C. 552, will be FOR FURTHER INFORMATION CONTACT:
available for Web site viewing and possible additional exhibitions or
venues yet to be determined, is in the Direct requests for additional
printing in the Commission’s Public information regarding the collection
Reference Room, 100 F Street NE., national interest. I have ordered that
Public Notice of these Determinations listed in this notice, including requests
Washington, DC 20549 on official for copies of the proposed collection
business days between the hours of be published in the Federal Register.
instrument and supporting documents,
10:00 a.m. and 3:00 p.m. Copies of the For further information, including a to the Office of Passport Services, who
filing also will be available for list of the imported objects, contact the may be reached at passportstudy@
inspection and copying at the principal Office of Public Diplomacy and Public state.gov.
office of FICC and on DTCC’s Web site Affairs in the Office of the Legal
(http://dtcc.com/legal/sec-rule- SUPPLEMENTARY INFORMATION:
Adviser, U.S. Department of State
filings.aspx). All comments received • Title of Information Collection:
(telephone: 202–632–6471; email: Passport Demand Forecasting Survey.
will be posted without change; the section2459@state.gov). The mailing
Commission does not edit personal • OMB Control Number: 1405–0177.
address is U.S. Department of State, L/ • Type of Request: Extension of a
identifying information from PD, SA–5, Suite 5H03, Washington, DC
submissions. You should submit only Currently Approved Collection.
information that you wish to make
20522–0505. • Originating Office: Bureau of
available publicly. All submissions Alyson Grunder,
Consular Affairs, Office of Passport
should refer to File Number SR–FICC– Services.
Deputy Assistant Secretary for Policy, Bureau • Form Number: SV–2012–0006.
2017–015 and should be submitted on of Educational and Cultural Affairs,
or before July 19, 2017. • Respondents: A national
Department of State.
representative sample of U.S. citizens,
For the Commission, by the Division of [FR Doc. 2017–13493 Filed 6–27–17; 8:45 am]
asabaliauskas on DSKBBXCHB2PROD with NOTICES
nationals, and any other categories of
Trading and Markets, pursuant to delegated BILLING CODE 4710–05–P individuals that are entitled to a U.S.
authority.16
passport product.
Eduardo A. Aleman, • Estimated Number of Respondents:
Assistant Secretary. 48,000.
[FR Doc. 2017–13490 Filed 6–27–17; 8:45 am] • Estimated Number of Responses:
BILLING CODE 8011–01–P 48,000.
• Average Time per Response: 10
16 17 CFR 200.30–3(a)(12). minutes.
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Document Created: 2017-06-28 01:10:17
Document Modified: 2017-06-28 01:10:17
| 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 29355 |
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