Federal Register / Vol. 85, No. 230 / Monday, November 30, 2020 / Notices 76645 

13 17 CFR 200.30–3(a)(12). 

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)(2) and (f)(4). 

5Each term not otherwise defined herein has its 

respective meaning as set forth in the Rules, ByLaws and Organization Certificate of DTC (the 

‘‘Rules’’), the Guide to the DTC Fee Schedule (‘‘Fee 

Guide’’), and the Reorganizations Service Guide 

(‘‘Reorganizations Guide’’), available at http://

www.dtcc.com/legal/rules-and-procedures.aspx. 

6Each of the CCF Entitlements and Allocations 

Files falls into one of two categories (each, a ‘‘File 

Category’’): (i) Pre-allocation (‘‘Pre-Allocation CCF 

Files’’), which includes files containing a 

Participant’s allocation projections and 

entitlements, or (ii) allocation/post-allocation 

(‘‘Allocation/Post-Allocation CCF Files’’), which 

includes files containing information on a 

Participant’s allocations and pending allocations. 

See Important Notice 13851–20 (August 27, 2020), 

available at https://www.dtcc.com/legal/importantnotices. 

determining when a Market-Maker is 

subject to certain quoting obligations on 

the Exchange. 

C. Self-Regulatory Organization’s 

Statement on Comments on the 

Proposed Rule Change Received From 

Members, Participants, or Others 

The Exchange neither solicited nor 

received comments on the proposed 

rule change. 

III. Date of Effectiveness of the 

Proposed Rule Change and Timing for 

Commission Action 

Within 45 days of the date of 

publication of this notice in the Federal 

Register or within such longer period 

up to 90 days (i) as the Commission may 

designate if it finds such longer period 

to be appropriate and publishes its 

reasons for so finding or (ii) as to which 

the Exchange consents, the Commission 

will: 

A. By order approve or disapprove 

such proposed rule change, or 

B. institute proceedings to determine 

whether the proposed rule change 

should be disapproved. 

IV. Solicitation of Comments 

Interested persons are invited to 

submit written data, views, and 

arguments concerning the foregoing, 

including whether the proposed rule 

change is consistent with the Act. 

Comments may be submitted by any of 

the following methods: 

Electronic Comments 

• Use the Commission’s internet 

comment form (http://www.sec.gov/ 

rules/sro.shtml); or 

• Send an email to rule-comments@

sec.gov. Please include File Number SR– 

CBOE–2020–110 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–CBOE–2020–110. 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 website (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 website 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 the Exchange. All comments 

received will be posted without change. 

Persons submitting comments are 

cautioned that we do not redact or edit 

personal identifying information from 

comment submissions. You should 

submit only information that you wish 

to make available publicly. All 

submissions should refer to File 

Number SR–CBOE–2020–110 and 

should be submitted on or before 

December 21, 2020. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.13

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2020–26279 Filed 11–27–20; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–90490; File No. SR–DTC– 

2020–016] 

Self-Regulatory Organizations; The 

Depository Trust Company; Notice of 

Filing and Immediate Effectiveness of 

a Proposed Rule Change To Amend 

the Reorganizations Service Guide and 

the Guide to the Fee Schedule 

November 23, 2020. 

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 November 

19, 2020, The Depository Trust 

Company (‘‘DTC’’) 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. DTC filed the 

proposed rule change pursuant to 

Section 19(b)(3)(A) of the Act 3 and 

Rules 19b–4(f)(2) and (f)(4) thereunder.4

The Commission is publishing this 

notice to solicit comments on the 

proposed rule change from interested 

persons. 

I. Clearing Agency’s Statement of the 

Terms of Substance of the Proposed 

Rule Change 

The proposed rule change 5 would 

amend the Reorganizations Guide and 

the Fee Guide to (i) postpone the 

retirement of DTC’s legacy computer to 

computer facility (‘‘CCF’’) files for 

corporate actions entitlements and 

allocations (‘‘CCF Entitlements and 

Allocations Files’’) 6 to January 1, 2022, 

and (ii) amend the Fee Guide to apply 

the CCF File Fee to Participants that 

continue to consume CCF Entitlements 

and Allocations Files between January 

1, 2021 and December 31, 2021, as more 

fully described below. 

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 proposed rule change would 

amend the Reorganizations Guide and 

the Fee Guide to (i) postpone the 

retirement of CCF Entitlements and 

Allocations Files to January 1, 2022, and 

(ii) amend the Fee Guide to apply the 

CCF File Fee to Participants that 

continue to consume CCF Entitlements 

and Allocations Files between January 

1, 2021 and December 31, 2021, as more 

fully described below. 


TKELLEY on DSKBCP9HB2PROD with NOTICES
76646 Federal Register / Vol. 85, No. 230 / Monday, November 30, 2020 / Notices 

7There are three types of CCF files representing 

the corporate actions lifecycle: Corporate actions 

announcements (‘‘CCF Announcements Files’’) and 

the CCF Entitlements and Allocations Files. DTC 

also accepts corporate actions instructions from 

Participants through CCF files (‘‘CCF Corporate 

Actions Instructions Files’’). CCF Corporate Actions 

Instructions Files are not subject to this proposed 

rule change. 

8See Securities Exchange Act Release No. 63886 

(February 10, 2011), 76 FR 9070 (February 16, 2011) 

(SR–DTC–2011–02). The rule filing indicated that 

DTC will continue to support its legacy proprietary 

CCF files until 2015. 

9There are three event groups for CCF 

Announcements Files for corporate actions. 

Participants subscribe to the CCF files for each 

event group separately. The event groups are (i) 

distributions (‘‘Distributions’’), such as cash and 

stock dividends, principal and interest, and capital 

gain distributions; (ii) redemptions 

(‘‘Redemptions’’), such as full and partial calls, final 

paydowns, and maturities; and (iii) reorganizations 

(‘‘Reorganizations’’), which include both mandatory 

and voluntary reorganizations such as exchange 

offers, conversions, Dutch auctions, mergers, puts, 

reverse stock splits, tender offers, and warrant 

exercises. 

10See Securities Exchange Act No. 76811 

(December 31, 2015), 81 FR 826 (January 7, 2016) 

(SR–DTC–2015–013). 

11See Securities Exchange Act Release No. 79746 

(January 5, 2017), 82 FR 3372 (January 11, 2017) 

(SR–DTC–2016–014). 

12 In 2016, DTC began communicating with 

Participants about the timeframe for the retirement 

of CCF Entitlements and Allocations Files. DTC 

indicated that the CCF Entitlements and Allocations 

Files for Distributions events would be retired on 

January 1, 2017, and CCF Entitlements and 

Allocations Files for Redemptions events would be 

retired on January 1, 2018. No date was given for 

the retirement of the CCF Entitlements and 

Allocations Files for Reorganizations events. See 

Important Notice 2538–16 (January 21, 2016), supra 

note 6. Subsequently, DTC postponed the 

retirement of all CCF Entitlements and Allocations 

Files to December 31, 2018, and indicated that 

Participants that continued to consume CCF 

Entitlements and Allocations Files for Distributions 

and Redemptions Files between January 1, 2018 

and December 31, 2018 would be charged a fee. See 

Important Notice 43810–16 (November 4, 2016), 

supra note 6. In 2017, DTC announced that there 

would not be any fee. See Important Notice 5099– 

17 (February 2017), supra note 6. In early 2018, in 

order to provide additional time for testing to 

ensure a smooth transition from CCF Entitlements 

and Allocation Files, DTC postponed the retirement 

date to June 30, 2019, and indicated that no fee 

would be charged to Participants that continued to 

consume the files until the retirement date. See 

Important Notice 7488–18 (February 28, 2018), 

supra note 6. Subsequently, in October 2018, to 

provide Participants additional time to ensure a 

smooth transition, DTC postponed the retirement 

date to December 31, 2019. See Important Notice 

9861–18 (October 9, 2018), supra note 6. 

13See Important Notice 12492–19 (October 29, 

2019), supra note 6. 

(i) Retirement of CCF Entitlements and 

Allocations Files 

A. Background 

Today, DTC handles essential aspects 

of processing corporate action events by 

routinely receiving and distributing 

information to its Participants through 

ISO 20022 messaging. In parallel, 

however, DTC supports Participants’ 

use of legacy CCF corporate actions files 

that have not yet been retired.7

The transition from CCF files to the 

use of the ISO 20022 standard reduces 

risk and improves transparency in the 

announcement and processing of 

corporate actions. ISO 20022 is a 

standard that provides the financial 

industry with a common language to 

capture business transactions and 

associated message flows. ISO 20022 is 

a business-model-based standard for the 

development of messages for the 

international financial services industry 

and can support different messaging 

syntaxes, including XML. In contrast, 

CCF files use proprietary function and 

activity codes, which differ from the 

market standard codes. With the ISO 

20022 standard, corporate actions are 

identified by a unique corporate action 

ID and are event based. ISO 20022 

standard messages provide more data 

elements than the CCF files, and they 

are available in near real-time 

throughout the day. 

Since 2011, DTC has been informing 

Participants that corporate actions CCF 

files will be retired and will be replaced 

by ISO 20022 messaging.8 Over the 

years, DTC has phased in parallel 

production periods for ISO 20022 

messaging in order to provide 

Participants the opportunity to prepare 

their systems for the transition. DTC has 

also continued to support Participant 

migration efforts by providing a robust 

online learning center, hosting ISO 

specific monthly calls and offering a 

dedicated email box for client inquiries. 

DTC began discussing specific 

retirement dates for CCF 

Announcements Files in 2015. At that 

time, some Participants asked DTC to 

continue to support the CCF 

Announcements Files until they had 

fully developed their systems to migrate 

to ISO 20022 messaging. In response, 

DTC postponed the retirement of CCF 

Announcements Files and, to encourage 

prompt transition to the ISO 20022 

standard, implemented a $50,000 fee 

(‘‘CCF File Fee’’) per event group,9 per 

twelve month period, for Participants 

that continued to receive the CCF 

Announcements Files during the fee 

period.10 DTC believes that the CCF File 

Fee provided a strong incentive for 

Participants to accelerate their migration 

from the CCF format to the ISO 2002 

standard, thereby allowing DTC to retire 

all of the CCF Announcements Files by 

December 31, 2018.11

B. CCF Entitlements and Allocations 

Files 

With respect to the CCF Entitlements 

and Allocations Files, DTC began 

providing Participants with parallel ISO 

20022 messaging in 2013 

(Distributions), 2015 (Redemptions) and 

2017 (Reorganizations). Since 2013, 

DTC has been working with Participants 

to support their orderly migration away 

from the CCF Entitlements and 

Allocations Files to ISO 20022 

messaging. 

In 2016, DTC announced a projected 

retirement timeline for CCF 

Entitlements and Allocations Files, 

which was set to begin on January 1, 

2017. Since then, at the repeated 

requests of Participants, DTC postponed 

the projected retirement date multiple 

times.12

After the multiple postponements, in 

early 2018, DTC announced a target 

retirement date of January 1, 2020. 

Throughout 2018 and 2019, DTC 

continued to engage with those 

Participants that were still consuming 

CCF Entitlements and Allocations Files. 

The Participants continued to inform 

DTC that they were still testing the ISO 

20022 messages and reconciling them to 

the CCF files, and that they were not 

going to be ready to migrate by January 

1, 2020. Some Participants also 

indicated that they would pay a fee to 

DTC for continued support of the CCF 

Entitlements and Allocations Files 

beyond the December 31, 2019 date, 

similar to the handling of the CCF 

Announcements Files. 

C. Proposed Rule Change 

In October 2019, based on these 

continued conversations with 

Participants, DTC announced a target 

retirement date of January 1, 2022.13

DTC also communicated to Participants 

that, in order to encourage Participants 

to accelerate development and migrate 

away from the CCF Entitlements and 

Allocations Files, DTC would institute a 

fee for those Participants that continued 

to consume CCF Entitlements and 

Allocations Files. In August 2020, DTC 

announced that, subject to regulatory 

approval, Participants would be charged 

a fee for (i) the consumption of PreAllocation CCF Files and (ii) the 

consumption of Allocation/PostAllocation CCF Files between January 1, 

2021 and December 31, 2021 (the ‘‘Fee 

Period’’). The fee that would be charged 

for each File Category would be the 

same CCF File Fee ($50,000) that was 

charged to Participants that had 

continued to consume CCF 

Announcements Files during the CCF 

Announcements Files phase-out. 

Accordingly, pursuant to this 

proposed rule change, DTC would 

charge Participants the CCF File Fee for 

each File Category of CCF Entitlements 


TKELLEY on DSKBCP9HB2PROD with NOTICES
Federal Register / Vol. 85, No. 230 / Monday, November 30, 2020 / Notices 76647 

14 15 U.S.C. 78q–1(b)(3)(F). 

15 15 U.S.C. 78q–1(b)(3)(D). 

16As discussed above, DTC has been 

communicating with Participants about the 

migration from CCF files to the ISO 20022 standard 

for corporate actions events since 2011. Since 2013, 

DTC has been communicating with Participants 

about targeted retirement dates for CCF 

Entitlements and Allocations Files and has, at the 

request of Participants, postponed the projected 

dates numerous times. Before October 2018, DTC 

had always told Participants that there would not 

be any charges for the continued consumption of 

CCF Entitlements and Allocations Files. Many 

Participants did use these extensions to complete 

development and fully adopt the ISO 20022 

standard for entitlements and allocations 

information. However, some Participants did not, 

which strongly suggests that they require additional 

encouragement. See supra note 12. 

17The CCF File Fee is not designed to cover costs 

incurred by DTC as a result of continuing to service 

CCF files. 

18 15 U.S.C. 78q–1(b)(3)(I). 

19 Id. 

20 Id. 

and Allocations Files that they consume 

between January 1, 2021 and December 

31, 2021. The CCF File Fee would be 

charged to the Account of the 

Participant, upon the Participant’s first 

receipt of CCF Entitlements and 

Allocations Files in a particular File 

Category during the Fee Period. The 

CCF File Fee would cover all CCF 

Entitlements and Allocations Files 

within that File Category during the Fee 

Period. In addition, DTC would amend 

the description of the CCF File Fee in 

the Fee Guide to conform with the 

proposed rule change. DTC would also 

amend the Reorganizations Guide to 

reflect the January 1, 2022 retirement 

date for CCF Entitlements and 

Allocations Files. Specifically, in the 

‘‘Preparing to Use the Services’’ 

subsection of the ‘‘How Reorganizations 

Work’’ section of the Reorganizations 

Guide, DTC is proposing to insert an 

asterisk after ‘‘Computer to Computer 

Facility (CCF) file transmissions’’ and 

insert the following after the list: ‘‘*CCF 

files associated with entitlements and 

allocations will be retired as of January 

1, 2022.’’ 

2. Statutory Basis 

Section 17A(b)(3)(F) of the Act 

requires, inter alia, that the Rules be 

designed to promote the prompt and 

accurate clearance and settlement of 

securities transactions.14

As described above, the proposed rule 

change would (i) postpone the 

retirement of CCF Entitlements and 

Allocations Files to January 1, 2022, and 

(ii) apply the CCF File Fee to 

Participants that continue to consume 

CCF Entitlements and Allocations Files 

during the Fee Period. By postponing 

the retirement of CCF Entitlements and 

Allocations Files to January 1, 2022, the 

proposed rule change would allow 

Participants to minimize potential 

business interruptions by undertaking 

an orderly and organized migration from 

CCF files to the more efficient ISO 

20022 standard. Similarly, by charging a 

CCF File Fee to those Participants that 

continue to receive CCF Entitlements 

and Allocations Files after December 31, 

2020, the proposed rule change would 

encourage Participants to accelerate 

system development and the adoption 

of the ISO 20022 standard. In this 

manner, the proposed rule change 

would encourage and facilitate the 

transition to the ISO 20022 standard, 

which provides efficiencies and 

enhanced transparency in processing 

corporate actions and the settlement 

activities related thereto. 

Accordingly, DTC believes that the 

proposed rule change would promote 

the prompt and accurate clearance and 

settlement of securities transactions, 

consistent with the requirements of 

Section 17A(b)(3)(F) of the Act, cited 

above. 

Section 17A(b)(3)(D) of the Act 

requires that the Rules provide for the 

equitable allocation of reasonable dues, 

fees, and other charges among its 

Participants.15 DTC believes that the 

proposed rule change to apply the CCF 

File Fee to Participants that continue to 

consume CCF Entitlements and 

Allocations Files during the Fee Period 

would provide for the equitable 

allocation of reasonable fees. 

DTC believes that the proposed 

application of the CCF File Fee would 

be equitably allocated because the CCF 

File Fee (i) would only be charged to 

those Participants that have delayed 

their migration from CCF Entitlements 

and Allocations beyond December 31, 

2020 16 and (ii) would be applied in 

accordance with the Participant’s use of 

a particular File Category. 

Further, DTC believes that the 

proposed application of the $50,000 

CCF File Fee would be reasonable. As 

discussed above, the $50,000 CCF File 

Fee was designed specifically to 

incentivize Participants to accelerate 

their migration from CCF 

Announcements Files to ISO 20022 

messaging for corporate actions 

announcements. DTC’s prior experience 

with the $50,000 CCF File Fee and the 

successful retirement of CCF 

Announcements Files illustrates that a 

CCF File Fee in the amount of $50,000 

provides the necessary encouragement 

for Participants to accelerate their 

system development for their adoption 

of the ISO 20022 standard for 

entitlements and allocations 

information. 17 Further, during the 

application of the CCF File Fee to CCF 

Announcements Files, DTC had not 

received any negative feedback from 

Participants suggesting that the $50,000 

fee was overly burdensome; nor did 

DTC receive any objections in August 

2020 when it announced that, subject to 

regulatory approval, it intended to apply 

the $50,000 CCF Fee to Participants that 

continue to consume CCF Entitlements 

and Allocations Files during the Fee 

Period. 

Therefore, DTC believes that the 

proposed rule change regarding the CCF 

File Fee provides for the equitable 

allocation of reasonable dues, fees, and 

other charges among its Participants, 

consistent with Section 17A(b)(3)(D) of 

the Act, cited above. 

(B) Clearing Agency’s Statement on 

Burden on Competition 

DTC believes that the proposed rule 

change with respect to postponing the 

retirement of CCF Entitlements and 

Allocations Files to January 1, 2022 

would not have any impact on 

competition. The proposed rule change 

would provide any Participant that has 

not completed its migration from CCF 

Entitlements and Allocation Files with 

additional time to complete its testing 

and development of its systems, and 

finalize the transition to ISO 20022 

messaging. Therefore, DTC believes that 

the proposed rule change with respect 

to postponing the retirement of CCF 

Entitlements and Allocations Files to 

January 1, 2022 would not have a 

burden on competition.18

DTC believes that the proposed rule 

change with respect to amending the 

Fee Guide to apply the CCF File Fee to 

Participants that continue to consume 

CCF Entitlements and Allocations Files 

during the Fee Period could have an 

impact on competition because it could 

create a burden on competition.19

Although the proposed application of 

the CCF File Fee is designed to 

incentivize Participants to accelerate 

their adoption of the ISO 20022 

standard, DTC recognizes and 

appreciates that charging the fee could 

negatively affect such Participants’ 

operating costs. However, DTC believes 

that any burden on competition would 

not be significant and would be 

necessary and appropriate in 

furtherance of the purposes of the Act, 

as permitted by Section 17A(b)(3)(I) of 

the Act.20

DTC believes any burden on 

competition would not be significant 

because (i) the fee would only be 

charged once per File Category, upon 

the Participant’s first receipt of CCF 


TKELLEY on DSKBCP9HB2PROD with NOTICES
76648 Federal Register / Vol. 85, No. 230 / Monday, November 30, 2020 / Notices 

21 Id. 

22See supra note 12. 

23 15 U.S.C. 78q–1(b)(3)(F). 

24 15 U.S.C. 78q–1(b)(3)(I). 

25As noted above, DTC has been working with 

Participants since 2013 to support their orderly 

migration away from the CCF Entitlements and 

Allocations Files to ISO 20022 messaging. See 

supra note 12. 

26 15 U.S.C. 78q–1(b)(3)(I). 

27 15 U.S.C 78s(b)(3)(A). 

28 17 CFR 240.19b–4(f). 

Entitlements and Allocations Files for a 

File Category during the Fee Period, and 

(ii) the application of the CCF File Fee 

for a File Category would cover the 

consumption of all CCF Entitlements 

and Allocations Files within that File 

Category during the Fee Period. In 

addition, based on DTC’s prior use of 

the CCF File Fee for CCF 

Announcements Files, DTC has no 

indication that the amount of the fee 

creates a significant burden on any 

Participant. 

DTC believes that any burden on 

competition that may be created by the 

proposed change to amend the Fee 

Guide to apply the CCF File Fee to 

Participants that continue to consume 

CCF Entitlements and Allocations Files 

during the Fee Period would be 

necessary and appropriate in 

furtherance of the purposes of the Act, 

as permitted by Section 17A(b)(3)(I) of 

the Act.21 DTC believes that this 

proposed change would be necessary 

because some Participants have yet to 

adopt the ISO 20022 standard, despite at 

least seven years of communication and 

prompting on the issue.22 As noted 

above, the ISO 20022 standard provides 

efficiencies and enhanced transparency 

in processing corporate actions and the 

settlement activities related thereto. 

Thus, DTC believes that the proposed 

rule change would promote the prompt 

and accurate clearance and settlement of 

securities transactions, consistent with 

Section 17A(b)(3)(F) of the Act.23

DTC believes that the proposed rule 

change to apply the CCF File Fee to 

Participants that continue to consume 

CCF Entitlements and Allocations Files 

during the Fee Period would be 

appropriate in furtherance of the 

purposes of the Act, as permitted by 

Section 17A(b)(3)(I) of the Act.24 DTC’s 

prior experience with the $50,000 CCF 

File Fee and the successful retirement of 

CCF Announcements Files illustrates 

that a $50,000 CCF File Fee provides the 

necessary encouragement for 

Participants to accelerate their system 

development for the full adoption of the 

ISO 20022 standard. Further, during the 

application of the CCF File Fee to CCF 

Announcements Files, DTC had not 

received any negative feedback from 

Participants that suggested that the 

$50,000 fee was overly burdensome; nor 

did DTC receive any objections in 

August 2020 when it announced that, 

subject to regulatory approval, it 

intended to apply the $50,000 CCF Fee 

to Participants that continue to consume 

CCF Entitlements and Allocations Files 

during the Fee Period. Accordingly, 

DTC believes that application of the 

$50,000 CCF File Fee would be 

appropriate here in order to incentivize 

Participants to accelerate their migration 

to the ISO 20022 standard. In addition, 

as discussed above, DTC believes that 

the proposed application of the CCF File 

Fee would be equitably allocated 

because the CCF File Fee (i) would only 

be charged to those Participants that 

have delayed their migration from CCF 

Entitlements and Allocations beyond 

December 31, 2020 25 and (ii) would be 

applied in accordance with the 

Participant’s use of a particular File 

Category. 

Therefore, for these reasons, DTC 

believes that a perceived competitive 

burden of the proposed rule change to 

apply the CCF File Fee to Participants 

that continue to consume CCF 

Entitlements and Allocations Files 

during the Fee Period would be 

necessary and appropriate in 

furtherance of the purposes of the Act, 

as permitted by Section 17A(b)(3)(I) of 

the Act.26

(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. DTC will notify 

the Commission of any written 

comments received by DTC. 

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) 27 of the Act and paragraph 

(f) 28 of Rule 19b–4 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. 

IV. Solicitation of Comments 

Interested persons are invited to 

submit written data, views and 

arguments concerning the foregoing, 

including whether the proposed rule 

change is consistent with the Act. 

Comments may be submitted by any of 

the following methods: 

Electronic Comments 

• Use the Commission’s internet 

comment form (http://www.sec.gov/ 

rules/sro.shtml); or 

• Send an email to rule-comments@

sec.gov. Please include File Number SR– 

DTC–2020–016 on the subject line. 

Paper Comments 

• Send paper comments in triplicate 

to Secretary, Securities and Exchange 

Commission, 100 F Street NE, 

Washington, DC 20549. 

All submissions should refer to File 

Number SR–DTC–2020–016. 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 website (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 website 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 DTC and on DTCC’s website 

(http://dtcc.com/legal/sec-rulefilings.aspx). All comments received 

will be posted without change. Persons 

submitting comments are cautioned that 

we do not redact or edit personal 

identifying information from comment 

submissions. You should submit only 

information that you wish to make 

available publicly. All submissions 

should refer to File Number SR–DTC– 

2020–016 and should be submitted on 

or before December 21, 2020. 


TKELLEY on DSKBCP9HB2PROD with NOTICES
Federal Register / Vol. 85, No. 230 / Monday, November 30, 2020 / Notices 76649 

29 17 CFR 200.30–3(a)(12). 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.29

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2020–26280 Filed 11–27–20; 8:45 am] 

BILLING CODE 8011–01–P 

SMALL BUSINESS ADMINISTRATION 

[Disaster Declaration #16704 and #16705; 

CALIFORNIA Disaster Number CA–00328] 

Presidential Declaration Amendment of 

a Major Disaster for the State of 

California 

AGENCY: U.S. Small Business 

Administration. 

ACTION: Amendment 2. 

SUMMARY: This is an amendment of the 

Presidential declaration of a major 

disaster for the State of California 

(FEMA–4569–DR), dated 10/16/2020. 

Incident: Wildfires. 

Incident Period: 09/04/2020 through 

11/17/2020. 

DATES: Issued on 11/20/2020. 

Physical Loan Application Deadline 

Date: 12/15/2020. 

Economic Injury (EIDL) Loan 

Application Deadline Date: 07/16/2021. 

ADDRESSES: Submit completed loan 

applications to: U.S. Small Business 

Administration, Processing and 

Disbursement Center, 14925 Kingsport 

Road, Fort Worth, TX 76155. 

FOR FURTHER INFORMATION CONTACT: A. 

Escobar, Office of Disaster Assistance, 

U.S. Small Business Administration, 

409 3rd Street SW, Suite 6050, 

Washington, DC 20416, (202) 205–6734. 

SUPPLEMENTARY INFORMATION: The notice 

of the President’s major disaster 

declaration for the State of California, 

dated 10/16/2020, is hereby amended to 

establish the incident period for this 

disaster as beginning 09/04/2020 and 

continuing through 11/17/2020. 

All other information in the original 

declaration remains unchanged. 

(Catalog of Federal Domestic Assistance 

Number 59008) 

Cynthia Pitts, 

Acting Associate Administrator for Disaster 

Assistance. 

[FR Doc. 2020–26265 Filed 11–27–20; 8:45 am] 

BILLING CODE 8026–03–P 

SMALL BUSINESS ADMINISTRATION 

[Disaster Declaration #16643 and #16644; 

LOUISIANA Disaster Number LA–00104] 

Presidential Declaration Amendment of 

a Major Disaster for Public Assistance 

Only for the State of Louisiana 

AGENCY: U.S. Small Business 

Administration. 

ACTION: Amendment 3. 

SUMMARY: This is an amendment of the 

Presidential declaration of a major 

disaster for Public Assistance Only for 

the State of LOUISIANA (FEMA–4559– 

DR), dated 09/05/2020. 

Incident: Hurricane Laura. 

Incident Period: 08/22/2020 through 

08/27/2020. 

DATES: Issued on 11/20/2020. 

Physical Loan Application Deadline 

Date: 11/04/2020. 

Economic Injury (EIDL) Loan 

Application Deadline Date: 06/07/2021. 

ADDRESSES: Submit completed loan 

applications to: U.S. Small Business 

Administration, Processing and 

Disbursement Center, 14925 Kingsport 

Road, Fort Worth, TX 76155. 

FOR FURTHER INFORMATION CONTACT: A. 

Escobar, Office of Disaster Assistance, 

U.S. Small Business Administration, 

409 3rd Street SW, Suite 6050, 

Washington, DC 20416, (202) 205–6734. 

SUPPLEMENTARY INFORMATION: The notice 

of the President’s major disaster 

declaration for Private Non-Profit 

organizations in the State of Louisiana, 

dated 09/05/2020, is hereby amended to 

include the following areas as adversely 

affected by the disaster. 

Primary Parishes: Catahoula, Iberia. 

All other information in the original 

declaration remains unchanged. 

(Catalog of Federal Domestic Assistance 

Number 59008) 

Cynthia Pitts, 

Acting Associate Administrator for Disaster 

Assistance. 

[FR Doc. 2020–26270 Filed 11–27–20; 8:45 am] 

BILLING CODE 8026–03–P 

SOCIAL SECURITY ADMINISTRATION 

[Docket No: SSA–2020–0062] 

Agency Information Collection 

Activities: Proposed Request 

The Social Security Administration 

(SSA) publishes a list of information 

collection packages requiring clearance 

by the Office of Management and 

Budget (OMB) in compliance with 

Public Law 104–13, the Paperwork 

Reduction Act of 1995, effective October 

1, 1995. This notice includes a revision 

of an OMB-approved information 

collection. 

SSA is soliciting comments on the 

accuracy of the agency’s burden 

estimate; the need for the information; 

its practical utility; ways to enhance its 

quality, utility, and clarity; and ways to 

minimize burden on respondents, 

including the use of automated 

collection techniques or other forms of 

information technology. Mail, email, or 

fax your comments and 

recommendations on the information 

collection(s) to the OMB Desk Officer 

and SSA Reports Clearance Officer at 

the following addresses or fax numbers. 

(OMB) Office of Management and 

Budget, Attn: Desk Officer for SSA, 

Fax: 202–395–6974, Email address: 

OIRA_Submission@omb.eop.gov. 

(SSA) Social Security Administration, 

OLCA, Attn: Reports Clearance 

Director, 3100 West High Rise, 6401 

Security Blvd., Baltimore, MD 21235, 

Fax: 410–966–2830, Email address: 

OR.Reports.Clearance@ssa.gov. 

Or you may submit your comments 

online through www.regulations.gov, 

referencing Docket ID Number [SSA– 

2020–0062]. 

The information collection below is 

pending at SSA. SSA will submit it to 

OMB within 60 days from the date of 

this notice. To be sure we consider your 

comments, we must receive them no 

later than January 29, 2021. Individuals 

can obtain copies of the collection 

instrument by writing to the above 

email address. 

Electronic Consent Based Social 

Security Number Verification—20 CFR 

400.100—0960 0817. The electronic 

Consent Based Social Security Number 

Verification (eCBSV) is a fee-based 

Social Security Number (SSN) 

verification service that allows 

permitted entities (a financial 

institution as defined by Section 509 of 

the Gramm-Leach-Bliley Act. 42 U.S.C. 

405b(b)(4), Public Law 115–174, Title II, 

215(b)(4), or service provider, 

subsidiary, affiliate, agent, 

subcontractor, or assignee of a financial 

institution), to verify that an 

individual’s name, date of birth (DOB), 

and SSN match our records based on the 

SSN holder’s signed—including 

electronic—consent in connection with 

a credit transaction or any circumstance 

described in section 604 of the Fair 

Credit Reporting Act (15 U.S.C. 1681b). 

Background 

We created this service due to section 

215 of the Economic Growth, Regulatory 

Relief, and Consumer Protection Act of 


TKELLEY on DSKBCP9HB2PROD with NOTICES