83 FR 30785 - 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 To Adopt a Recovery & Wind-Down Plan and Related Rules

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 83, Issue 126 (June 29, 2018)

Page Range		30785-30785
FR Document		2018-13974

Federal Register, Volume 83 Issue 126 (Friday, June 29, 2018)

[Federal Register Volume 83, Number 126 (Friday, June 29, 2018)]
[Notices]
[Page 30785]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-13974]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-83509; File Nos. SR-DTC-2017-021; SR-FICC-2017-021; SR-
NSCC-2017-017]


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 To Adopt a Recovery & Wind-Down Plan and Related 
Rules

June 25, 2018.
    On December 18, 2017, The Depository Trust Company (``DTC''), Fixed 
Income Clearing Corporation (``FICC''), and National Securities 
Clearing Corporation (``NSCC'') (collectively, ``Clearing Agencies''), 
each filed with the Securities and Exchange Commission (``Commission'') 
a proposed rule change to adopt a recovery and wind-down plan and 
related rules (SR-DTC-2017-021, SR-FICC-2017-021, and SR-NSCC-2017-
017), respectively (``Proposed Rule Changes''), pursuant to Section 
19(b)(1) of the Securities Exchange Act of 1934 (``Act'') \1\ and Rule 
19b-4 thereunder.\2\ The Proposed Rule Changes were published for 
comment in the Federal Register on January 8, 2018.\3\ On February 8, 
2018, the Commission designated a longer period within which to 
approve, disapprove, or institute proceedings to determine whether to 
approve or disapprove the Proposed Rule Changes.\4\ On March 20, 2018, 
the Commission instituted proceedings pursuant to Section 19(b)(2)(B) 
of the Act \5\ to determine whether to approve or disapprove the 
Proposed Rule Changes.\6\ 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. On December 18, 2018, the Clearing 
Agencies each filed these proposals as advance notices (SR-DTC-2017-
803, SR-FICC-2017-805, SR-NSCC-2017-805) with the Commission 
pursuant to Section 806(e)(1) of the Payment, Clearing, and 
Settlement Supervision Act of 2010 (``Clearing Supervision Act'') 
and Rule 19b-4(n)(1)(i) of the Act (``Advance Notices''). On January 
30, 2018, the Commission published in the Federal Register notices 
of filing of the Advance Notices. These notices also extended the 
review periods for the Advance Notices pursuant to Section 
806(e)(1)(H) of the Clearing Supervision Act. (12 U.S.C. 
5465(e)(1)(H).) See Securities Exchange Act Release Nos. 82579 
(January 24, 2018), 83 FR 4310 (January 30, 2018) (SR-DTC-2017-803); 
82580 (January 24, 2018), 83 FR 4341 (January 30, 2018) (SR-FICC-
2017-805); 82581 (January 24, 2018), 83 FR 4327 (January 30, 2018) 
(SR-NSCC-2017-805). On April 10, 2018, the Commission required 
further information for consideration of the Advance Notices, 
pursuant to Section 806(e)(1)(D) of the Clearing Supervision Act, 
which provided the Commission with a renewed 60-day review period 
beginning on the date that the information requested is received by 
the Commission. (12 U.S.C. 5465(e)(1)(D).) As of the date of this 
release, the Commission has not yet received the requested 
information.
    \3\ Securities Exchange Act Release Nos. 82432 (January 2, 
2018), 83 FR 884 (January 8, 2018) (SR-DTC-2017-021); 82431 (January 
2, 2018), 83 FR 871 (January 8, 2018) (SR-FICC-2017-021); 82430 
(January 2, 2018), 83 FR 841 (January 8, 2018) (SR-NSCC-2017-017).
    \4\ Securities Exchange Act Release No. 82669 (February 8, 
2018), 83 FR 6653 (February 14, 2018) (SR-DTC-2017-021; SR-FICC-
2017-021; SR-NSCC-2017-017).
    \5\ 15 U.S.C. 78s(b)(2)(B).
    \6\ Securities Exchange Act Release Nos. 82912 (March 20, 2018), 
83 FR 12999 (March 26, 2018) (SR-DTC-2017-021); 82913 (March 20, 
2018), 83 FR 12997 (March 26, 2018) (SR-FICC-2017-021); 82908 (March 
20, 2018), 83 FR 12986 (March 26, 2018) (SR-NSCC-2017-017).
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    Section 19(b)(2) of the Act \7\ provides that proceedings to 
determine whether to approve or disapprove a proposed rule change must 
be concluded within 180 days of the date of publication of notice of 
filing of the proposed rule change. The time for conclusion of the 
proceedings may be extended for up to 60 days if the Commission 
determines that a longer period is appropriate and publishes the 
reasons for such determination.\8\ The 180th day for the Proposed Rule 
Changes is July 7, 2018.
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    \7\ 15 U.S.C. 78s(b)(2).
    \8\ 15 U.S.C. 78s(b)(2)(B)(ii)(II).
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    The Commission is extending the 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 the Commission has sufficient time to consider the 
issues raised by the Proposed Rule Changes and to take action on the 
Proposed Rule Changes. The proposal shall not take effect until all 
regulatory actions required with respect to the proposal are 
completed.\9\
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    \9\ See supra note 2.
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    Accordingly, pursuant to Section 19(b)(2)(B)(ii)(II) of the Act 
\10\ and for the reasons stated above, the Commission designates 
September 5, 2018, as the date by which the Commission should either 
approve or disapprove proposed rule changes SR-DTC-2017-021, SR-FICC-
2017-021, and SR-NSCC-2017-017.
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    \10\ 15 U.S.C. 78s(b)(2)(B)(ii)(II).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\11\
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    \11\ 17 CFR 200.30-3(a)(57).
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Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-13974 Filed 6-28-18; 8:45 am]
 BILLING CODE 8011-01-P

Federal Register / Vol. 83, No. 126 / Friday, June 29, 2018 / Notices 30785

Documents ADAMS accession Nos./web links

License Amendment Request, December 19, 2014 ........................................................................................ ML15005A336
LTP Revision 1, July 20, 2017 ......................................................................................................................... ML17215A095
LTP Revision 2, February 7, 2018 ................................................................................................................... ML18052A857
Final EA ............................................................................................................................................................ ML18172A176
NUREG–0586, Supplement 1, Decommissioning GEIS .................................................................................. https://www.nrc.gov/reading-rm/doc-
collections/nuregs/staff/sr0586/
Transmittal of Draft EA to IEMA, April 2, 2018 ................................................................................................ ML18095A987
IEMA Comments on Draft EA, May 3, 2018 .................................................................................................... ML18124A018
Transmittal of Draft EA to FWS, April 5, 2018 ................................................................................................. ML18108A345
FWS Concurrence on NRC Determination, May 31, 2018 .............................................................................. ML18157A315

Dated at Rockville, Maryland, this 26th day The Proposed Rule Changes were 60 days if the Commission determines
of June 2018. published for comment in the Federal that a longer period is appropriate and
For the Nuclear Regulatory Commission. Register on January 8, 2018.3 On publishes the reasons for such
Craig G. Erlanger, February 8, 2018, the Commission determination.8 The 180th day for the
Director, Division of Fuel Cycle Safety, designated a longer period within which Proposed Rule Changes is July 7, 2018.
Safeguards and Environmental Review, Office to approve, disapprove, or institute
The Commission is extending the
of Nuclear Material Safety and Safeguards. proceedings to determine whether to
approve or disapprove the Proposed period for Commission action on the
[FR Doc. 2018–14004 Filed 6–28–18; 8:45 am]
Rule Changes.4 On March 20, 2018, the Proposed Rule Changes. The
BILLING CODE 7590–01–P
Commission instituted proceedings Commission finds that it is appropriate
pursuant to Section 19(b)(2)(B) of the to designate a longer period within
Act 5 to determine whether to approve which to take action on the Proposed
SECURITIES AND EXCHANGE
or disapprove the Proposed Rule Rule Changes so that the Commission
COMMISSION
Changes.6 The Commission did not has sufficient time to consider the issues
[Release No. 34–83509; File Nos. SR–DTC– receive any comments on the Proposed raised by the Proposed Rule Changes
2017–021; SR–FICC–2017–021; SR–NSCC– Rule Changes. and to take action on the Proposed Rule
2017–017] Section 19(b)(2) of the Act 7 provides Changes. The proposal shall not take
that proceedings to determine whether effect until all regulatory actions
Self-Regulatory Organizations; The
to approve or disapprove a proposed required with respect to the proposal are
Depository Trust Company; Fixed
rule change must be concluded within completed.9
Income Clearing Corporation; National
180 days of the date of publication of
Securities Clearing Corporation; Accordingly, pursuant to Section
notice of filing of the proposed rule
Notice of Designation of Longer Period 19(b)(2)(B)(ii)(II) of the Act 10 and for the
change. The time for conclusion of the
for Commission Action on reasons stated above, the Commission
proceedings may be extended for up to
Proceedings To Determine Whether To designates September 5, 2018, as the
Approve or Disapprove Proposed Rule Notices. These notices also extended the review date by which the Commission should
Changes To Adopt a Recovery & Wind- periods for the Advance Notices pursuant to either approve or disapprove proposed
Down Plan and Related Rules Section 806(e)(1)(H) of the Clearing Supervision rule changes SR–DTC–2017–021, SR–
Act. (12 U.S.C. 5465(e)(1)(H).) See Securities
June 25, 2018. Exchange Act Release Nos. 82579 (January 24, FICC–2017–021, and SR–NSCC–2017–
On December 18, 2017, The 2018), 83 FR 4310 (January 30, 2018) (SR–DTC– 017.
2017–803); 82580 (January 24, 2018), 83 FR 4341
Depository Trust Company (‘‘DTC’’), (January 30, 2018) (SR–FICC–2017–805); 82581 For the Commission, by the Division of
Fixed Income Clearing Corporation (January 24, 2018), 83 FR 4327 (January 30, 2018) Trading and Markets, pursuant to delegated
(‘‘FICC’’), and National Securities (SR–NSCC–2017–805). On April 10, 2018, the authority.11
Clearing Corporation (‘‘NSCC’’) Commission required further information for
consideration of the Advance Notices, pursuant to Eduardo A. Aleman,
(collectively, ‘‘Clearing Agencies’’), each Section 806(e)(1)(D) of the Clearing Supervision Assistant Secretary.
filed with the Securities and Exchange Act, which provided the Commission with a
[FR Doc. 2018–13974 Filed 6–28–18; 8:45 am]
Commission (‘‘Commission’’) a renewed 60-day review period beginning on the
proposed rule change to adopt a date that the information requested is received by BILLING CODE 8011–01–P
the Commission. (12 U.S.C. 5465(e)(1)(D).) As of the
recovery and wind-down plan and date of this release, the Commission has not yet
related rules (SR–DTC–2017–021, SR– received the requested information.
FICC–2017–021, and SR–NSCC–2017– 3 Securities Exchange Act Release Nos. 82432

017), respectively (‘‘Proposed Rule (January 2, 2018), 83 FR 884 (January 8, 2018) (SR–
DTC–2017–021); 82431 (January 2, 2018), 83 FR 871
Changes’’), pursuant to Section 19(b)(1) (January 8, 2018) (SR–FICC–2017–021); 82430
of the Securities Exchange Act of 1934 (January 2, 2018), 83 FR 841 (January 8, 2018) (SR–
(‘‘Act’’) 1 and Rule 19b–4 thereunder.2 NSCC–2017–017).
4 Securities Exchange Act Release No. 82669

1 15 U.S.C. 78s(b)(1). (February 8, 2018), 83 FR 6653 (February 14, 2018)
2 17 CFR 240.19b–4. On December 18, 2018, the (SR–DTC–2017–021; SR–FICC–2017–021; SR–
sradovich on DSK3GMQ082PROD with NOTICES

Clearing Agencies each filed these proposals as NSCC–2017–017).
5 15 U.S.C. 78s(b)(2)(B).
advance notices (SR–DTC–2017–803, SR–FICC–
6 Securities Exchange Act Release Nos. 82912
2017–805, SR–NSCC–2017–805) with the
Commission pursuant to Section 806(e)(1) of the (March 20, 2018), 83 FR 12999 (March 26, 2018)
Payment, Clearing, and Settlement Supervision Act (SR–DTC–2017–021); 82913 (March 20, 2018), 83 8 15 U.S.C. 78s(b)(2)(B)(ii)(II).
of 2010 (‘‘Clearing Supervision Act’’) and Rule 19b– FR 12997 (March 26, 2018) (SR–FICC–2017–021);
9 See supra note 2.
4(n)(1)(i) of the Act (‘‘Advance Notices’’). On 82908 (March 20, 2018), 83 FR 12986 (March 26,
10 15 U.S.C. 78s(b)(2)(B)(ii)(II).
January 30, 2018, the Commission published in the 2018) (SR–NSCC–2017–017).
Federal Register notices of filing of the Advance 7 15 U.S.C. 78s(b)(2). 11 17 CFR 200.30–3(a)(57).

VerDate Sep<11>2014 17:58 Jun 28, 2018 Jkt 244001 PO 00000 Frm 00103 Fmt 4703 Sfmt 9990 E:\FR\FM\29JNN1.SGM 29JNN1

Document Created: 2018-06-29 01:13:29
Document Modified: 2018-06-29 01:13:29

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		83 FR 30785