82_FR_49060 82 FR 48858 - Self-Regulatory Organizations; The Depository Trust Company; Fixed Income Clearing Corporation; National Securities Clearing Corporation; Notice of Designation of Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove Proposed Rule Changes, as Modified by Amendments No. 1, To Adopt the Clearing Agency Stress Testing Framework (Market Risk)

82 FR 48858 - Self-Regulatory Organizations; The Depository Trust Company; Fixed Income Clearing Corporation; National Securities Clearing Corporation; Notice of Designation of Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove Proposed Rule Changes, as Modified by Amendments No. 1, To Adopt the Clearing Agency Stress Testing Framework (Market Risk)

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 82, Issue 202 (October 20, 2017)

Page Range48858-48858
FR Document2017-22758

Federal Register, Volume 82 Issue 202 (Friday, October 20, 2017) 
[Federal Register Volume 82, Number 202 (Friday, October 20, 2017)]
[Notices]
[Page 48858]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-22758]



[[Page 48858]]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-81883; File Nos. SR-DTC-2017-005; SR-FICC-2017-009; SR-
NSCC-2017-006]


Self-Regulatory Organizations; The Depository Trust Company; 
Fixed Income Clearing Corporation; National Securities Clearing 
Corporation; Notice of Designation of Longer Period for Commission 
Action on Proceedings To Determine Whether To Approve or Disapprove 
Proposed Rule Changes, as Modified by Amendments No. 1, To Adopt the 
Clearing Agency Stress Testing Framework (Market Risk)

October 16, 2017.
    On April 7, 2017, The Depository Trust Company (``DTC''), Fixed 
Income Clearing Corporation (``FICC''), and National Securities 
Clearing Corporation (``NSCC,'' each a ``Clearing Agency,'' and 
collectively, the ``Clearing Agencies''), filed with the Securities and 
Exchange Commission (``Commission'') proposed rule changes SR-DTC-2017-
005, SR-FICC-2017-009, and SR-NSCC-2017-006, respectively, pursuant to 
Section 19(b)(1) of the Securities Exchange Act of 1934 (``Act'') \1\ 
and Rule 19b-4 thereunder.\2\
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
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    The proposed rule changes were published for comment in the Federal 
Register on April 25, 2017.\3\ On June 7, 2017, the Commission 
designated a longer period for Commission Action on the proposed rule 
changes.\4\ On July 19, 2017, the Clearing Agencies each filed 
Amendment No. 1 to their respective proposed rule changes (hereinafter, 
``Proposed Rule Changes''). On July 24, 2017, the Commission published 
a notice in the Federal Register of filing Amendments No. 1 and order 
instituting proceedings under Section 19(b)(2)(B)(i) of the Act \5\ to 
determine whether to approve or disapprove the Proposed Rule 
Changes.\6\ The Commission did not receive any comment letters on the 
Proposed Rule Changes.
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    \3\ See Securities Exchange Act Release No. 80485 (April 19, 
2017), 82 FR 19131 (April 25, 2017) (SR-DTC-2017-005; SR-FICC-2017-
009; SR-NSCC-2017-006).
    \4\ See Securities Exchange Act Release No. 80876 (June 7, 
2017), 82 FR 27091 (June 13, 2017) (SR-DTC-2017-005; SR-FICC-2017-
009; SR-NSCC-2017-006).
    \5\ 15 U.S.C. 78s(b)(2)(B)(i).
    \6\ See Securities Exchange Act Release No. 81192 (July 24, 
2017), 82 FR 35245 (July 28, 2017) (SR-DTC-2017-005; SR-FICC-2017-
009; SR-NSCC-2017-006).
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    Section 19(b)(2)(B)(ii) of the Act provides that, after initiating 
proceedings, the Commission shall issue an order approving or 
disapproving the proposed rule change not later than 180 days after the 
date of publication of notice of filing of the proposed rule change.\7\ 
The Commission may, however, extend the period for issuing an order 
approving or disapproving the proposed rule change by not more than 60 
days if the Commission determines that a longer period is appropriate 
and publishes the reasons for such determination.\8\
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    \7\ 15 U.S.C. 78s(b)(2)(B)(ii).
    \8\ Id.
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    The 180th day after publication of the notice for the Proposed Rule 
Changes in the Federal Register is October 22, 2017. The Commission 
finds it appropriate to designate a longer period within which to issue 
an order approving or disapproving the Proposed Rule Changes so that it 
has sufficient time to consider the Proposed Rule Changes. Accordingly, 
the Commission, pursuant to Section 19(b)(2)(B)(ii) of the Act,\9\ 
designates December 21, 2017 as the date by which the Commission shall 
either approve or disapprove proposed rule changes SR-DTC-2017-005, SR-
FICC-2017-009, and SR-NSCC-2017-006, as amended.
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    \9\ Id.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\10\
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    \10\ 17 CFR 200.30-3(a)(57).
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Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-22758 Filed 10-19-17; 8:45 am]
BILLING CODE 8011-01-P

48858 Federal Register / Vol. 82, No. 202 / Friday, October 20, 2017 / Notices SECURITIES AND EXCHANGE proceedings, the Commission shall issue below, which Items have been prepared COMMISSION an order approving or disapproving the by the Exchange. The Exchange filed the proposed rule change not later than 180 proposal as a ‘‘non-controversial’’ [Release No. 34–81883; File Nos. SR–DTC– days after the date of publication of proposed rule change pursuant to 2017–005; SR–FICC–2017–009; SR–NSCC– 2017–006] notice of filing of the proposed rule Section 19(b)(3)(A)(iii) of the Act 3 and change.7 The Commission may, Rule 19b–4(f)(6) thereunder.4 The Self-Regulatory Organizations; The however, extend the period for issuing Commission is publishing this notice to Depository Trust Company; Fixed an order approving or disapproving the solicit comments on the proposed rule Income Clearing Corporation; National proposed rule change by not more than change from interested persons. Securities Clearing Corporation; 60 days if the Commission determines Notice of Designation of Longer Period that a longer period is appropriate and I. Self-Regulatory Organization’s for Commission Action on publishes the reasons for such Statement of the Terms of Substance of Proceedings To Determine Whether To determination.8 the Proposed Rule Change Approve or Disapprove Proposed Rule The 180th day after publication of the notice for the Proposed Rule Changes in The Exchange is proposing to amend Changes, as Modified by Amendments certain rules in connection with listing No. 1, To Adopt the Clearing Agency the Federal Register is October 22, 2017. The Commission finds it S&P Select Sector Indexes under generic Stress Testing Framework (Market appropriate to designate a longer period narrow-based listing standards. Risk) within which to issue an order The text of the proposed rule change October 16, 2017. approving or disapproving the Proposed is also available on the Exchange’s Web On April 7, 2017, The Depository Rule Changes so that it has sufficient site (http://www.cboe.com/AboutCBOE/ Trust Company (‘‘DTC’’), Fixed Income time to consider the Proposed Rule CBOELegalRegulatoryHome.aspx), at Clearing Corporation (‘‘FICC’’), and Changes. Accordingly, the Commission, the Exchange’s Office of the Secretary, National Securities Clearing Corporation pursuant to Section 19(b)(2)(B)(ii) of the and at the Commission’s Public (‘‘NSCC,’’ each a ‘‘Clearing Agency,’’ Act,9 designates December 21, 2017 as Reference Room. and collectively, the ‘‘Clearing the date by which the Commission shall Agencies’’), filed with the Securities and either approve or disapprove proposed II. Self-Regulatory Organization’s Exchange Commission (‘‘Commission’’) rule changes SR–DTC–2017–005, SR– Statement of the Purpose of, and proposed rule changes SR–DTC–2017– FICC–2017–009, and SR–NSCC–2017– Statutory Basis for, the Proposed Rule 005, SR–FICC–2017–009, and SR– 006, as amended. Change NSCC–2017–006, respectively, pursuant For the Commission, by the Division of to Section 19(b)(1) of the Securities In its filing with the Commission, the Trading and Markets, pursuant to delegated Exchange included statements Exchange Act of 1934 (‘‘Act’’) 1 and Rule authority.10 19b–4 thereunder.2 concerning the purpose of and basis for Eduardo A. Aleman, The proposed rule changes were the proposed rule change and discussed Assistant Secretary. any comments it received on the published for comment in the Federal [FR Doc. 2017–22758 Filed 10–19–17; 8:45 am] proposed rule change. The text of these Register on April 25, 2017.3 On June 7, 2017, the Commission designated a BILLING CODE 8011–01–P statements may be examined at the longer period for Commission Action on places specified in Item IV below. The the proposed rule changes.4 On July 19, Exchange has prepared summaries, set SECURITIES AND EXCHANGE 2017, the Clearing Agencies each filed forth in sections A, B, and C below, of COMMISSION Amendment No. 1 to their respective the most significant aspects of such proposed rule changes (hereinafter, [Release No. 34–81879; File No. SR–CBOE– statements. ‘‘Proposed Rule Changes’’). On July 24, 2017–065] A. Self-Regulatory Organization’s 2017, the Commission published a Self-Regulatory Organizations; Statement of the Purpose of, and notice in the Federal Register of filing Chicago Board Options Exchange, Statutory Basis for, the Proposed Rule Amendments No. 1 and order instituting Incorporated; Notice of Filing and Change proceedings under Section 19(b)(2)(B)(i) Immediate Effectiveness of a Proposed of the Act 5 to determine whether to 1. Purpose Rule Change To List and Trade S&P approve or disapprove the Proposed Select Sector Index Options The purpose of this proposed rule Rule Changes.6 The Commission did not receive any comment letters on the October 16, 2017. change is to amend certain rules in Proposed Rule Changes. Pursuant to Section 19(b)(1) of the connection with the Exchange’s plans to Section 19(b)(2)(B)(ii) of the Act Securities Exchange Act of 1934 (the list and trade ten S&P Select Sector provides that, after initiating ‘‘Act’’),1 and Rule 19b–4 thereunder,2 Index options. notice is hereby given that on October Each S&P Select Sector Index 1 15 U.S.C. 78s(b)(1). 4, 2017, Chicago Board Options represents the performance of 2 17 CFR 240.19b–4. 3 See Securities Exchange Act Release No. 80485 Exchange, Incorporated (the ‘‘Exchange’’ companies that are components of the (April 19, 2017), 82 FR 19131 (April 25, 2017) (SR– or ‘‘CBOE’’) filed with the Securities Standard & Poor’s 500 Index (‘‘S&P DTC–2017–005; SR–FICC–2017–009; SR–NSCC– and Exchange Commission (the 500’’) within one of the following 2017–006). ‘‘Commission’’) the proposed rule sectors (each of which is referred to as srobinson on DSKBC5CHB2PROD with NOTICES 4 See Securities Exchange Act Release No. 80876 change as described in Items I and II a ‘‘S&P Select Sector Index’’): (June 7, 2017), 82 FR 27091 (June 13, 2017) (SR– DTC–2017–005; SR–FICC–2017–009; SR–NSCC– 7 15 2017–006). U.S.C. 78s(b)(2)(B)(ii). 3 15U.S.C. 78s(b)(3)(A)(iii). 8 Id. 5 15 U.S.C. 78s(b)(2)(B)(i). 4 17CFR 240.19b–4(f)(6). 9 Id. 6 See Securities Exchange Act Release No. 81192 5 These symbols represent the index. The 10 17 CFR 200.30–3(a)(57). (July 24, 2017), 82 FR 35245 (July 28, 2017) (SR– corresponding option symbols are SIXM, SIXE, 1 15 U.S.C. 78s(b)(1). DTC–2017–005; SR–FICC–2017–009; SR–NSCC– SIXT, SIXV, SIXU, SIXR, SIXI, SIXY, SIXB, and 2017–006). 2 17 CFR 240.19b–4. SIXRE, respectively. VerDate Sep<11>2014 16:22 Oct 19, 2017 Jkt 244001 PO 00000 Frm 00073 Fmt 4703 Sfmt 4703 E:\FR\FM\20OCN1.SGM 20OCN1


Document Created: 2017-10-20 00:06:28
Document Modified: 2017-10-20 00:06:28
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
FR Citation82 FR 48858 
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