Federal Register / Vol. 88, No. 166 / Tuesday, August 29, 2023 / Notices 59547 

1See Docket No. RM2018–3, Order Adopting 

Final Rules Relating to Non-Public Information, 

June 27, 2018, Attachment A at 19–22 (Order No. 

4679). 

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

2 17 CFR 240.19b–4. 

3Amendment No. 1 amends the Exhibit 5A and 

Exhibit 5B to correctly reflect the addition of the 

Document Handling subsection to each document’s 

Table of Contents. The proposed rule change 

includes an Exhibit 4A and Exhibit 4B. Exhibit 4A 

shows the change that Amendment No. 1 makes to 

Exhibit 5A, and Exhibit 4B does the same with 

respect to attit 5B. 

4Capitalized terms used but not defined herein 

have the meanings specified in the Policy and 

Procedures or, if not defined therein, the ICE Clear 

Europe Clearing Rules. 

INFORMATION CONTACT section by 

telephone for advice on filing 

alternatives. 

FOR FURTHER INFORMATION CONTACT: 

David A. Trissell, General Counsel, at 

202–789–6820. 

SUPPLEMENTARY INFORMATION: 

Table of Contents 

I. Introduction 

II. Docketed Proceeding(s) 

I. Introduction 

The Commission gives notice that the 

Postal Service filed request(s) for the 

Commission to consider matters related 

to negotiated service agreement(s). The 

request(s) may propose the addition or 

removal of a negotiated service 

agreement from the Market Dominant or 

the Competitive product list, or the 

modification of an existing product 

currently appearing on the Market 

Dominant or the Competitive product 

list. 

Section II identifies the docket 

number(s) associated with each Postal 

Service request, the title of each Postal 

Service request, the request’s acceptance 

date, and the authority cited by the 

Postal Service for each request. For each 

request, the Commission appoints an 

officer of the Commission to represent 

the interests of the general public in the 

proceeding, pursuant to 39 U.S.C. 505 

(Public Representative). Section II also 

establishes comment deadline(s) 

pertaining to each request. 

The public portions of the Postal 

Service’s request(s) can be accessed via 

the Commission’s website (http://

www.prc.gov). Non-public portions of 

the Postal Service’s request(s), if any, 

can be accessed through compliance 

with the requirements of 39 CFR 

3011.301.1

The Commission invites comments on 

whether the Postal Service’s request(s) 

in the captioned docket(s) are consistent 

with the policies of title 39. For 

request(s) that the Postal Service states 

concern Market Dominant product(s), 

applicable statutory and regulatory 

requirements include 39 U.S.C. 3622, 39 

U.S.C. 3642, 39 CFR part 3030, and 39 

CFR part 3040, subpart B. For request(s) 

that the Postal Service states concern 

Competitive product(s), applicable 

statutory and regulatory requirements 

include 39 U.S.C. 3632, 39 U.S.C. 3633, 

39 U.S.C. 3642, 39 CFR part 3035, and 

39 CFR part 3040, subpart B. Comment 

deadline(s) for each request appear in 

section II. 

II. Docketed Proceeding(s) 

1. Docket No(s).: MC2023–237 and 

CP2023–240; Filing Title: USPS Request 

to Add Priority Mail Express, Priority 

Mail & USPS Ground Advantage 

Contract 6 to Competitive Product List 

and Notice of Filing Materials Under 

Seal; Filing Acceptance Date: August 22, 

2023; Filing Authority: 39 U.S.C. 3642, 

39 CFR 3040.130 through 3040.135, and 

39 CFR 3035.105; Public Representative: 

Christopher C. Mohr; Comments Due: 

August 30, 2023. 

2. Docket No(s).: MC2023–239 and 

CP2023–242; Filing Title: USPS Request 

to Add Priority Mail & USPS Ground 

Advantage Contract 32 to Competitive 

Product List and Notice of Filing 

Materials Under Seal; Filing Acceptance 

Date: August 22, 2023; Filing Authority: 

39 U.S.C. 3642, 39 CFR 3040.130 

through 3040.135, and 39 CFR 3035.105; 

Public Representative: Kenneth R. 

Moeller; Comments Due: August 30, 

2023. 

3. Docket No(s).: MC2023–240 and 

CP2023–243; Filing Title: USPS Request 

to Add Priority Mail Contract 785 to 

Competitive Product List and Notice of 

Filing Materials Under Seal; Filing 

Acceptance Date: August 22, 2023; 

Filing Authority: 39 U.S.C. 3642, 39 CFR 

3040.130 through 3040.135, and 39 CFR 

3035.105; Public Representative: 

Kenneth R. Moeller; Comments Due: 

August 30, 2023. 

4. Docket No(s).: MC2023–241 and 

CP2023–244; Filing Title: USPS Request 

to Add Priority Mail & USPS Ground 

Advantage Contract 33 to Competitive 

Product List and Notice of Filing 

Materials Under Seal; Filing Acceptance 

Date: August 22, 2023; Filing Authority: 

39 U.S.C. 3642, 39 CFR 3040.130 

through 3040.135, and 39 CFR 3035.105; 

Public Representative: Jennaca D. 

Upperman; Comments Due: August 30, 

2023. 

5. Docket No(s).: MC2023–242 and 

CP2023–245; Filing Title: USPS Request 

to Add Priority Mail & USPS Ground 

Advantage Contract 34 to Competitive 

Product List and Notice of Filing 

Materials Under Seal; Filing Acceptance 

Date: August 22, 2023; Filing Authority: 

39 U.S.C. 3642, 39 CFR 3040.130 

through 3040.135, and 39 CFR 3035.105; 

Public Representative: Jennaca D. 

Upperman; Comments Due: August 30, 

2023. 

6. Docket No(s).: MC2023–243 and 

CP2023–246; Filing Title: USPS Request 

to Add Priority Mail & USPS Ground 

Advantage Contract 35 to Competitive 

Product List and Notice of Filing 

Materials Under Seal; Filing Acceptance 

Date: August 22, 2023; Filing Authority: 

39 U.S.C. 3642, 39 CFR 3040.130 

through 3040.135, and 39 CFR 3035.105; 

Public Representative: Gregory S. 

Stanton; Comments Due: August 30, 

2023. 

This Notice will be published in the 

Federal Register. 

Erica A. Barker, 

Secretary. 

[FR Doc. 2023–18548 Filed 8–28–23; 8:45 am] 

BILLING CODE 7710–FW–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–98207; File No. SR–ICEEU– 

2023–022] 

Self-Regulatory Organizations; ICE 

Clear Europe Limited; Notice of Filing 

of Proposed Rule Change, as Modified 

by Amendment No. 1, Relating to 

Amendments to the Clearing 

Membership Policy and Clearing 

Membership Procedures 

August 23, 2023. 

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 August 8, 

2023, ICE Clear Europe Limited (‘‘ICE 

Clear Europe’’ or the ‘‘Clearing House’’) 

filed with the Securities and Exchange 

Commission (‘‘Commission’’) the 

proposed rule changes described in 

Items I, II and III below, which Items 

have been primarily prepared by ICE 

Clear Europe. On August 22, 2023, ICE 

Clear Europe filed Amendment No. 1 to 

the proposed rule change to make 

certain changes to the Exhibits 5A and 

5B.3 The Commission is publishing this 

notice to solicit comments on the 

proposed rule change, as modified by 

Amendment No. 1 (hereafter ‘‘the 

proposed rule change’’), from interested 

persons. 

I. Clearing Agency’s Statement of the 

Terms of Substance of the Proposed 

Rule Change 

ICE Clear Europe Limited (‘‘ICE Clear 

Europe’’ or the ‘‘Clearing House’’) 

proposes to (i) modify its Clearing 

Membership Policy (‘‘Policy’’) 4 to 


ddrumheller on DSK120RN23PROD with NOTICES1
59548 Federal Register / Vol. 88, No. 166 / Tuesday, August 29, 2023 / Notices 

5See Exchange Act Release No. 34–97169 (SR– 

ICEEU–2023–004) (March 20, 2023), 88 FR 17886 

(March 24, 2023). 

6See, e.g., The Counterparty Credit Risk Policy 

and Procedures as described in Exchange Act 

Release No. 34–97169, SR ICEEU–2023–004 (March 

20, 2023) 88 FR 17886 (March 24, 2023); the 

Investment Management Procedures as described in 

Exchange Act Release No. 34–97528, SR ICEEU– 

2023–009 (May 19, 2023) 88 FR 33949 (May 25, 

2023); the Futures and Options Default 

Management Policy as described in Exchange Act 

Release No. 34–97383, SR ICEEU–2023–012 (Apr. 

26, 2023) 88 FR 27539 (May 2, 2023). 

update certain monitoring and 

document review procedures and to 

make certain drafting clarifications and 

(ii) amend its Clearing Membership 

Procedures (‘‘Procedures’’) to clarify the 

Clearing House’s discretion with respect 

to certain requirements and to add 

notification requirements, among other 

changes. The updates would also make 

certain other non-substantive 

amendments. 

II. Clearing Agency’s Statement of the 

Purpose of, and Statutory Basis for, the 

Proposed Rule Change 

In its filing with the Commission, ICE 

Clear Europe 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. ICE 

Clear Europe 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 

(a) Purpose 

I. Clearing Membership Policy 

In the discussion of the purpose of the 

Policy, the amendments would change 

an incorrect reference to ‘‘model 

documents’’ to ‘‘parameter documents’’ 

(reflecting that relevant parameters will 

be set out in parameter documents). 

Further changes would clarify that 

Clearing Members are required to notify 

the Clearing House promptly when 

there is any change to its business 

which would have an impact on 

meeting the membership criteria. 

Additionally, the monitoring of 

membership criteria would be revised to 

reflect that the Clearing House conducts 

ongoing (rather than only quarterly or 

other periodic) monitoring of 

compliance with membership criteria. 

Ongoing monitoring for this purpose 

consists of continuous monitoring and 

additional trigger-based reviews, 

including relating to credit and AML/ 

KYC risk and to daily operational 

matters (such as margin calls). 

References to quarterly reviews of 

financial position through Audited 

Annual Accounts, quarterly review of 

financial information, quarterly updates 

of the Counterparty Rating System 

(‘‘CRS’’), and the requirement to 

maintain a watch list would be removed 

(as such matters relate to credit issues 

that are addressed in the Clearing 

House’s Counterparty Credit Risk 

Policy,5 and do not need to be 

referenced in this policy). A cross 

reference to the Clearing Membership 

Procedures and the Counterparty Credit 

Risk Policy for monitoring information 

would also be removed as unnecessary. 

The amendments would also update 

document governance requirements, 

consistent with other ICE Clear Europe 

policies.6 Document review would be 

conducted by the document owner or 

relevant staff, with approval of the head 

of department (or their delegate) and the 

Chief Risk Officer (or their delegate). 

The amendments would specify that 

document review, at a minimum, would 

encompass regulatory compliance, 

documentation and purpose, 

implementation, use and open items 

from prior reviews. The results of the 

review would be reported to the 

Executive Risk Committee (and in 

certain cases, to the Model Oversight 

Committee). The document owner 

would aim to remediate any findings, 

complete internal governance and 

obtain regulatory approvals (as 

applicable) before the next annual 

review. The amendments would also 

state explicitly that changes to the 

Policy would need to be approved in 

accordance with the Clearing House 

governance process and take effect after 

completion of all necessary internal and 

regulatory approvals. 

Certain other non-substantive 

typographical and similar corrections 

would also be made in the Policy, such 

as using the correct name of the Clearing 

Membership Policy. 

II. Clearing Membership Procedures 

ICE Clear Europe is proposing to 

amend its Clearing Membership 

Procedures to make certain 

clarifications and updates, including for 

consistency with the amendments to the 

Policy described above. Under the 

discussion of the application process, 

the amendments would specifically 

require notifications by Clearing 

Members of changes to their business 

that may impact the membership 

criteria, consistent with the change to 

the Policy described above. 

Additionally, under the diligence 

process, the amendments would clarify 

that the applicant would be required to 

provide sufficient evidence, details and 

information as required by the Rules. 

The proposed amendment would also 

state that the membership team would 

ensure that all applicants would be 

added to the applicable schedule of 

insured entities by the ICE Group 

insurer. 

The amendments would remove a 

provision that the Product Risk 

Committee would be notified of new 

applications, after approval of an 

application by the Executive Risk 

Committee. ICE Clear Europe does not 

believe notification of applications to 

the Product Risk Committee is necessary 

in light of the duties and functions of 

those committees. The proposed 

amendments would also clarify that the 

Circular confirming approval is issued 

once the application is approved. In 

addition, the amendments would make 

non-substantive clarifications 

concerning the requirement for Clearing 

Members to respond in a timely manner 

to any additional information requested 

by the Clearing House. 

The proposed changes would also 

clarify and make consistent throughout 

the Procedures certain provisions 

relating to decisions that may be taken 

or requirements that may be imposed by 

the Clearing House in its discretion. 

Specifically, the amendments would 

clarify ICE Clear Europe’s absolute legal 

discretion in making certain 

determinations, imposing additional 

requirements and granting exceptions 

relating to the minimum capital 

requirement, acceptability of 

subordinated loans, acceptability of 

controller guarantee, requirements for 

additional cash or collateral and the size 

of additional guaranty fund 

assessments. The amendments would 

similarly clarify that the Clearing House 

will define the maximum period 

between in-depth counterparty reviews 

and the threshold for taking further 

action on negative changes in Clearing 

Member financial condition in its 

absolute discretion. ICE Clear Europe 

does not believe these amendments 

change its existing authority, but rather 

state more explicitly the scope of its 

discretion, which remains subject to the 

Rules and applicable law. 

The discussion of document 

governance and oversight in the Policy 

and Procedures would be replaced with 

a new Document Governance and 

Exception Handling section that is 

substantially the same as that described 

above for the Policy, and is consistent 


ddrumheller on DSK120RN23PROD with NOTICES1
Federal Register / Vol. 88, No. 166 / Tuesday, August 29, 2023 / Notices 59549 

7See, e.g., The Counterparty Credit Risk Policy 

and Procedures as described in Exchange Act 

Release No. 34–97169, SR ICEEU–2023–004 (March 

20, 2023) 88 FR 17886 (March 24, 2023); the 

Investment Management Procedures as described in 

Exchange Act Release No. 34–97528, SR ICEEU– 

2023–009 (May 19, 2023) 88 FR 33949 (May 25, 

2023); the Futures and Options Default 

Management Policy as described in Exchange Act 

Release No. 34–97383, SR ICEEU–2023–012 (Apr. 

26, 2023) 88 FR 27539 (May 2, 2023). 

8 15 U.S.C. 78q–1. 

9 15 U.S.C. 78q–1(b)(3)(F). 

10 15 U.S.C. 78q–1(b)(3)(F). 

11 15 U.S.C. 78q–1(b)(3)(F). 

12 17 CFR 240.17 Ad–22. 

13 17 CFR 240.17 Ad–22(e)(18). 

14 17 CFR 240.17Ad–22(e)(18). 

15 17 CFR 240.17Ad–22(e)(2). 

16 17 CFR 240.17Ad–22(e)(2). 

with other Clearing House policies 

recently adopted or modified. 7

(b) Statutory Basis 

ICE Clear Europe believes that the 

proposed amendments to the Clearing 

Membership Policy and Procedures are 

consistent with the requirements of 

section 17A of the Act 8 and the 

regulations thereunder applicable to it. 

In particular, section 17A(b)(3)(F) of the 

Act 9 requires, among other things, that 

the rules of a clearing agency be 

designed to promote the prompt and 

accurate clearance and settlement of 

securities transactions and, to the extent 

applicable, derivative agreements, 

contracts, and transactions, the 

safeguarding of securities and funds in 

the custody or control of the clearing 

agency or for which it is responsible, 

and the protection of investors and the 

public interest. 

The proposed changes to the Clearing 

Membership Policy and Procedures are 

intended to update and more clearly 

document the Clearing House’s 

procedures for reviewing applications 

for clearing membership, criteria for 

membership, and on-going monitoring 

of membership of ICE Clear Europe. The 

amendments update the Policy to better 

reflect the ongoing monitoring of 

Clearing Members and to update 

document governance processes. The 

amendments to the Procedures clarify 

the discretion that ICE Clear Europe has 

to make certain determinations, clarify 

certain notification requirements, and 

make other drafting improvements. The 

amendments would therefore facilitate 

the prompt and accurate clearing of 

cleared contracts and protect investors 

and the public interest in the sound 

operations of the Clearing House, 

consistent with the requirements of 

section 17A(b)(3)(F).10 Further, the 

amendments will not affect the 

safeguarding of securities and funds in 

the custody or control of the Clearing 

House or for which it is responsible, 

within the meaning section 

17A(b)(3)(F).11

The amendments to the Procedures 

are also consistent with relevant 

provisions of Rule 17Ad–22.12 Rule 

17Ad–22(e)(18) provides that ‘‘[e]ach 

covered clearing agency shall establish, 

implement, maintain and enforce 

written policies and procedures 

reasonable designed to, as applicable 

[. . .] establish objective, risk-based and 

publicly disclosed criteria for 

participation, which permit fair and 

open access by direct . . . participants 

. . . require participants to have 

sufficient financial resources and robust 

operational capacity to meet obligations 

arising from participation in the clearing 

agency, and monitor compliance with 

such participation requirements on an 

ongoing basis’’.13 As set forth above, the 

amendments to the Clearing 

Membership Procedures are intended to 

clarify and enhance the Clearing 

House’s procedures and policies as they 

relate to Clearing Membership 

application and monitoring processes. 

The amendments do not substantively 

change the requirements for 

membership or the related Rules, but 

rather update the Policy and Procedures 

to reflect the Clearing House’s current 

practices, and make other updates to 

improve clarity, including to state more 

clearly the Clearing House’s discretion 

to make certain determinations as part 

of the application process. The 

amendments will facilitate the Clearing 

House’s ability to implement and 

monitor its participation requirements. 

In ICE Clear Europe’s view, the 

amendments are therefore consistent 

with the requirements of Rule 17Ad– 

22(e)(18).14

Rule 17Ad–22(e)(2) further provides 

that ‘‘[e]ach covered clearing agency 

shall establish, implement, maintain 

and enforce written policies and 

procedures reasonable designed to, as 

applicable [. . .] provide for governance 

arrangements that are (i) clear and 

transparent, (ii) clearly prioritize the 

safety and efficiency of the covered 

clearing agency; and (iii) support the 

public interest requirement in section 

17A of the Act’’ 15 among other 

requirements. As set forth above, the 

amendments update the documentation 

governance, review and approval 

provisions, in a manner consistent with 

other ICE Clear Europe policies and 

procedures. As such, in ICE Clear 

Europe’s view, the amendments are 

consistent with the requirements of Rule 

17Ad–22(e)(2).16

(B) Clearing Agency’s Statement on 

Burden on Competition 

ICE Clear Europe does not believe the 

proposed amendments would have any 

impact, or impose any burden, on 

competition not necessary or 

appropriate in furtherance of the 

purposes of the Act. The amendments 

are being adopted to update and clarify 

the Clearing Membership Policy and 

Procedures, which relates to the 

Clearing House’s internal processes for 

implementation, reviewing and ongoing 

monitoring of its membership 

requirements and criteria. No 

substantive changes are being made to 

the membership requirements 

themselves or the Rules. Accordingly, 

ICE Clear Europe does not believe the 

amendments would affect the ability of 

an applicant to become a Clearing 

Member, the costs of clearing, the ability 

of market participants to access clearing, 

or the market for clearing services 

generally. Therefore, ICE Clear Europe 

does not believe the proposed rule 

change imposes any burden on 

competition that is inappropriate in 

furtherance of the purposes of the Act. 

(C) Clearing Agency’s Statement on 

Comments on the Proposed Rule 

Change Received From Members, 

Participants or Others 

Written comments relating to the 

proposed amendments have not been 

solicited or received by ICE Clear 

Europe. ICE Clear Europe will notify the 

Commission of any written comments 

received with respect to 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 self-regulatory organization 

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: 


ddrumheller on DSK120RN23PROD with NOTICES1
59550 Federal Register / Vol. 88, No. 166 / Tuesday, August 29, 2023 / Notices 

17 17 CFR 200.30–3(a)(12). 1 17 CFR 200.30–3a(a)(1)(ii). 

Electronic Comments 

• Use the Commission’s internet 

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

rules/sro.shtml) or 

• Send an email to rule-comments@

sec.gov. Please include file number SR– 

ICEEU–2023–022 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–ICEEU–2023–022. 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 (https://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 

a.m. and 3 p.m. Copies of such filings 

will also be available for inspection and 

copying at the principal office of ICE 

Clear Europe and on ICE Clear Europe’s 

website at https://www.theice.com/ 

clear-europe/regulation. 

Do not include personal identifiable 

information in submissions; you should 

submit only information that you wish 

to make available publicly. We may 

redact in part or withhold entirely from 

publication submitted material that is 

obscene or subject to copyright 

protection. All submissions should refer 

to File Number SR–ICEEU–2023–022 

and should be submitted on or before 

September 19, 2023. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.17

Sherry R. Haywood, 

Assistant Secretary. 

[FR Doc. 2023–18551 Filed 8–28–23; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–98208] 

Notice of Intention To Cancel 

Registration of Certain Municipal 

Advisors Pursuant to Section 15b(c)(3) 

of the Securities Exchange Act of 1934 

August 23, 2023. 

Notice is given that the Securities and 

Exchange Commission (the 

‘‘Commission’’) intends to issue an 

order or orders, pursuant to section 

15B(c)(3) of the Securities Exchange Act 

of 1934 (the ‘‘Act’’), cancelling the 

registrations of the municipal advisors 

whose names appear in the attached 

Appendix (hereinafter referred to as the 

‘‘registrants’’). 

Section 15B(c)(3) of the Act provides, 

in pertinent part, that if the Commission 

finds that any municipal advisor 

registered under section 15B is no 

longer in existence or has ceased to do 

business as a municipal advisor, the 

Commission, by order, shall cancel the 

registration of such municipal advisor. 

The Commission finds that each 

registrant listed in the attached 

Appendix: 

(i) has not filed any municipal advisor 

form submissions with the Commission 

through the Commission’s Electronic Data 

Gathering and Retrieval (‘‘EDGAR’’) system 

since February 2022 (including but not 

limited to the annual amendments (form 

MA–A) required by 17 CFR 240.15Ba1– 

5(a)(1)); and/or 

(ii) based on information available from the 

Municipal Securities Rulemaking Board (the 

‘‘MSRB’’), (a) is not registered as a municipal 

advisor with the MSRB under MSRB Rule A– 

12(a) and/or (b) does not have an associated 

person who is qualified as a municipal 

advisor representative under MSRB Rule G– 

3(d) and for whom there is a Form MA–I 

required by 17 CFR 240.15Ba1–2(b) available 

on EDGAR, and/or (c) has not, since February 

2022, filed with the MSRB any Form A–12 

annual affirmation as required by MSRB Rule 

A–12(k); and/or withdrew its registration 

from the MSRB without first withdrawing its 

registration from the Commission. 

Accordingly, the Commission finds 

that each of the registrants listed in the 

attached Appendix either is no longer in 

existence or has ceased to do business 

as a municipal advisor. 

Notice is also given that any 

interested person may, by September 25, 

2023 at 5:30 p.m. Eastern Time, submit 

to the Commission in writing a request 

for a hearing on the cancellation of the 

registration of any registrant listed in 

the attached Appendix, accompanied by 

a statement as to the nature of such 

person’s interest, the reason for such 

request, and the issues, if any, of fact or 

law proposed to be controverted, and 

such person may request to be notified 

if the Commission should order a 

hearing thereon. Any such 

communication should be addressed to 

the Commission’s Secretary at the 

address below. All comments or 

requests 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. 

At any time after September 25, 2023, 

the Commission may issue an order or 

orders cancelling the registrations of any 

or all of the registrants listed in the 

attached Appendix, upon the basis of 

the information stated above, unless an 

order or orders for a hearing on the 

cancellation shall be issued upon 

request or upon the Commission’s own 

motion. Persons who requested a 

hearing, or to be advised as to whether 

a hearing is ordered, will receive any 

notices and orders issued in this matter, 

including the date of the hearing (if 

ordered) and any postponements 

thereof. Any registrant whose 

registration is cancelled under delegated 

authority may appeal that decision 

directly to the Commission in 

accordance with Rules 430 and 431 of 

the Commission’s rules of practice (17 

CFR 201.430 and 431). 

ADDRESSES: Secretary, U.S. Securities 

and Exchange Commission, 100 F Street 

NE, Washington, DC 20549. 

FOR FURTHER INFORMATION CONTACT: 

Mark Elion, Senior Counsel, Office of 

Municipal Securities, 100 F Street NE, 

Washington, DC 20549, or at (202) 551– 

5680. 

For the Commission, by the Office of 

Municipal Securities, pursuant to delegated 

authority.1

Sherry R. Haywood, 

Assistant Secretary. 

Appendix 

Registrant name SEC ID No. 

Betnun Nathan S ...................... 867–02495 

Christen Group, Inc .................. 867–02467 

Southern Cross Financial 

Group LLC ............................ 867–02544 

TLHocking & Associates LLC ... 867–01054 

OCONNOR & Co SECURITIES, INC .............................. 867–01245 

Capital Alaska LLC ................... 867–02604 

Fray Municipal Securities ......... 867–02064 

Massena Associates LLC ......... 867–02569 

SUMMERS, CARROLL, 

WHISLER LLC ...................... 867–01938 

[FR Doc. 2023–18552 Filed 8–28–23; 8:45 am] 

BILLING CODE 8011–01–P 


ddrumheller on DSK120RN23PROD with NOTICES1