Federal Register / Vol. 85, No. 250 / Wednesday, December 30, 2020 / Notices 86591 

5 Id. 

6 17 CFR 200.30–3(a)(31). 

1 15 U.S.C. 78f(g). 

2 7 U.S.C. 1a(2). 

3 7 U.S.C. 2(a)(1)(C). 

4 17 CFR 240.6a–4. 

5Under Rule 202.3(b)(3) of the Commission’s 

Informal and Other Procedures, upon receipt of a 

Form 1–N, the Division of Market Regulation (now 

the Division of Trading and Markets) examines the 

notice to determine whether all necessary 

information has been supplied and whether all 

other required documents have been furnished in 

proper form. 17 CFR 202.3(b)(3). 

6 15 U.S.C. 78f(g)(2)(B). 

7This Form 1–N is being filed by MGEX in 

connection with a Commission exemptive order 

issued under Section 36 of the Exchange Act. See 

Securities Exchange Act Release No. 90510 

(November 20, 2020), 85 FR 77297 (December 1, 

2020) (‘‘Exemptive Order’’). The Exemptive Order 

relates to listing and trading contracts for sale for 

future delivery on the SPIKES Index on MGEX 

consistent with the terms and conditions set forth 

in the order. 

8 15 U.S.C. 78f(g)(3). 

9 17 CFR 200.30–3(a)(75). 

1 15 U.S.C. 78s(b)(1). 

2 17 CFR 240.19b–4. 

3On November 27, 2020, FICC also filed the 

proposal contained in the proposed rule change as 

advance notice SR–FICC–2020–804 with the 

Commission pursuant to Section 806(e)(1) of the 

Dodd-Frank Wall Street Reform and Consumer 

Protection Act entitled the Payment, Clearing, and 

Settlement Supervision Act of 2010 (‘‘Clearing 

Supervision Act’’), 12 U.S.C. 5465(e)(1), and Rule 

19b–4(n)(1)(i) of the Act, 17 CFR 240.19b–4(n)(1)(i). 

4Securities Exchange Act Release No. 90568 

(December 4, 2020), 85 FR 79541 (December 10, 

2020) (SR–FICC–2020–017) (‘‘Notice’’). 

5See Letter from Kelli McMorrow, Head of 

Government Affairs, American Securities 

Association, dated December 18, 2020, to Vanessa 

Countryman, Secretary, Commission, available at 

https://www.sec.gov/comments/sr-ficc-2020-017/ 

srficc2020017.htm (‘‘ASA Letter’’); Letter from Pete 

Mills, Senior Vice President, Mortgage Bankers 

Association, dated December 17, 2020, to Jay 

Clayton, Chairman, Commission, available at 

https://www.sec.gov/comments/sr-ficc-2020-017/ 

srficc2020017-8155338-226778.pdf (‘‘MBA Letter’’); 

Letter from Christopher Killian, Managing Director, 

Securities Industry and Financial Markets 

Association, dated December 16, 2020, to Vanessa 

Countryman, Secretary, Commission, available at 

https://www.sec.gov/comments/sr-ficc-2020-017/ 

srficc2020017-8154310-226759.pdf (‘‘SIFMA 

Letter’’); Letter from Curtis Richins, President & 

CEO, Mortgage Capital Trading, Inc., dated 

December 15, 2020, to Vanessa Countryman, 

Secretary, Commission, available at https://

www.sec.gov/comments/sr-ficc-2020-017/ 

srficc2020017-8156568-226839.pdf (‘‘MCT Letter’’); 

and Letter from James Tabacchi, Chairman, 

Independent Dealer and Trader Association, dated 

December 10, 2020, to Vanessa Countryman, 

Secretary, Commission, available at https://

www.sec.gov/comments/sr-ficc-2020-017/ 

srficc2020017-8127766-226454.pdf (‘‘IDTA Letter’’). 

See comments on the proposed rule change (SR– 

Continued 

self-regulatory organization consents, 

the Commission shall either approve the 

proposed rule change, disapprove the 

proposed rule change, or institute 

proceedings to determine whether the 

proposed rule change should be 

disapproved. The 45th day after 

publication of the notice for this 

proposed rule change is December 31, 

2020. The Commission is extending this 

45-day time period. 

The Commission finds it appropriate 

to designate a longer period within 

which to take action on the proposed 

rule change so that it has sufficient time 

to consider the proposed rule change. 

Accordingly, the Commission, pursuant 

to Section 19(b)(2) of the Act,5

designates February 14, 2021, as the 

date by which the Commission shall 

either approve or disapprove, or 

institute proceedings to determine 

whether to disapprove, the proposed 

rule change (File No. SR–BX–2020– 

032). 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.6

Eduardo A. Aleman, 

Deputy Secretary. 

[FR Doc. 2020–28894 Filed 12–29–20; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–90785] 

Acknowledgement of Receipt of Notice 

of Registration as a National Securities 

Exchange Pursuant to Section 6(g) of 

the Securities Exchange Act of 1934 by 

the Minneapolis Grain Exchange, LLC 

December 22, 2020. 

Section 6(g) of the Securities 

Exchange Act of 1934 (‘‘Exchange 

Act’’) 1 provides that an exchange that 

lists or trades security futures products 

may register as a national securities 

exchange solely for the purposes of 

trading security futures products by 

filing a written notice with the 

Securities and Exchange Commission 

(‘‘Commission’’) if: (1) The exchange is 

a board of trade, as that term is defined 

by the Commodity Exchange Act 

(‘‘CEA’’),2 that has been designated a 

contract market by the Commodity 

Futures Trading Commission (‘‘CFTC’’) 

and such designation is not suspended 

by order of the CFTC; and (2) such 

exchange does not serve as a market 

place for transactions in securities other 

than security futures products or futures 

on exempted securities or groups or 

indexes of securities or options thereon 

that have been authorized under Section 

2(a)(1)(C) of the CEA.3 Rule 6a–4 under 

the Exchange Act 4 requires that such an 

exchange submit written notice of 

registration to the Commission on Form 

1–N.5 Under Exchange Act Section 

6(g)(2)(B), an exchange’s registration as 

a national securities exchange becomes 

effective contemporaneously with the 

submission of the written notice on 

Form 1–N.6

On December 11, 2020, the 

Minneapolis Grain Exchange, LLC 

(‘‘MGEX’’) filed a Form 1–N with the 

Commission.7 Pursuant to Section 

6(g)(3) of the Exchange Act,8 the 

Commission hereby acknowledges 

receipt of the Form 1–N submitted by 

MGEX. Copies of the Form 1–N, 

including all exhibits, are available in 

the Commission’s Public Reference 

Room. 

For questions regarding this Release, 

please contact David Dimitrious, Senior 

Special Counsel, at (202) 551–5131, 

Michou Nguyen, Special Counsel, at 

(202) 551–7768, or Eli Kozminsky, 

Attorney-Adviser, at (202) 551–7695; 

Division of Trading and Markets, 

Securities and Exchange Commission, 

100 F Street NE, Washington, DC 20549. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.9

Eduardo A. Aleman, 

Deputy Secretary. 

[FR Doc. 2020–28810 Filed 12–29–20; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–90794; File No. SR–FICC– 

2020–017] 

Self-Regulatory Organizations; Fixed 

Income Clearing Corporation; Notice of 

Designation of Longer Period for 

Commission Action and Longer Period 

for Comment on Proposed Rule 

Change To Modify the Calculation of 

the MBSD VaR Floor To Incorporate a 

Minimum Margin Amount 

December 23, 2020. 

On November 20, 2020, Fixed Income 

Clearing Corporation (‘‘FICC’’) filed 

with the Securities and Exchange 

Commission (‘‘Commission’’), pursuant 

to Section 19(b)(1) of the Securities 

Exchange Act of 1934 (‘‘Act’’) 1 and Rule 

19b–4 thereunder,2 proposed rule 

change SR–FICC–2020–017 to introduce 

a new ‘‘Minimum Margin Amount’’ to 

complement the existing VaR Floor 

calculation.3 The proposed rule change 

was published for comment in the 

Federal Register on December 10, 

2020.4 As of December 23, 2020, the 

Commission has received five comment 

letters to the proposed rule change.5