Federal Register / Vol. 89, No. 185 / Tuesday, September 24, 2024 / Notices 77949 

22 17 CFR 200.30–3(a)(12). 

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

2 17 CFR 240.19b–4. 

3See Notice of Filing infra note 4, at 89 FR 21068. 

4Securities Exchange Act Release No. 99805 

(March 20, 2024), 89 FR 21068 (March 26, 2024) 

(File No. SR–FICC–2024–006) (‘‘Notice of Filing’’). 

5Comments on the Proposed Rule Change are 

available at https://www.sec.gov/comments/sr-ficc2024-006/srficc2024006.htm. 

6 15 U.S.C. 78s(b)(2). 

7Securities Exchange Act Release No. 100075 

(May 8, 2024), 89 FR 42006 (May 14, 2024). 

8 15 U.S.C. 78s(b)(2)(B). 

9Securities Exchange Act Release No. 100400 

(June 21, 2024), 89 FR 53674 (June 27, 2024). 

10 15 U.S.C. 78s(b)(2). 

11 15 U.S.C. 78s(b)(2)(B)(ii)(II). 

12 Id. 

13 17 CFR 200.30–3(a)(57). 

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

2 17 CFR 240.19b–4. 

3See Notice of Filing infra note 5, at 89 FR 21363. 

4Partial Amendment No. 1 made clarifications 

and corrections to the description of the proposed 

rule change and Exhibit 5. Specifically, as originally 

filed, the description of the proposed rule change 

made a reference to an incorrect section of the GSD 

Rules. Partial Amendment No. 1 corrects that 

reference. Additionally, as originally filed, the 

description of the proposed rule change and Exhibit 

5 contained inconsistent references regarding 

whether FICC or its Board would be responsible for 

approving membership applications and related 

membership matters. Partial Amendment No. 1 

clarifies and corrects those references. 

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 the filing also 

will be available for inspection and 

copying at the principal office of the 

Exchange. 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–CBOE–2024–039 and should be 

submitted on or before October 15, 

2024. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.22

Vanessa A. Countryman, 

Secretary. 

[FR Doc. 2024–21763 Filed 9–23–24; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–101085; File No. SR–FICC– 

2024–006] 

Self-Regulatory Organizations; Fixed 

Income Clearing Corporation; Notice of 

Designation of Longer Period for 

Commission Action on Proposed Rule 

Change To Amend the Clearing 

Agency Risk Management Framework 

September 18, 2024. 

On March 11, 2024, Fixed Income 

Clearing Corporation (‘‘FICC’’) filed 

with the Securities and Exchange 

Commission (‘‘Commission’’) the 

proposed rule change SR–FICC–2024– 

006 (‘‘Proposed Rule Change’’) pursuant 

to Section 19(b) of the Securities 

Exchange Act of 1934 (‘‘Exchange 

Act’’) 1 and Rule 19b–4 2 thereunder to 

amend the Clearing Agency Risk 

Management Framework of FICC and its 

affiliates, The Depository Trust 

Company (‘‘DTC’’) and National 

Securities Clearing Corporation 

(‘‘NSCC,’’ and together with FICC and 

DTC, the ‘‘Clearing Agencies’’) to 

describe how the Clearing Agencies may 

solicit views of participants and other 

industry stakeholders and to provide for 

the annual assessment and subsequent 

review of FICC’s Government Securities 

Division access models by FICC’s Board 

of Directors.3 The Proposed Rule 

Change was published for public 

comment in the Federal Register on 

March 26, 2024.4 The Commission has 

received comments regarding the 

substance of the changes proposed in 

the Proposed Rule Change.5

On May 8, 2024, pursuant to Section 

19(b)(2) of the Act,6 the Commission 

designated a longer period within which 

to approve, disapprove, or institute 

proceedings to determine whether to 

approve or disapprove the Proposed 

Rule Change.7 On June 21, 2024, 

pursuant to Section 19(b)(2)(B) of the 

Exchange Act,8 the Commission 

instituted proceedings to determine 

whether to approve or disapprove the 

Proposed Rule Change.9

Section 19(b)(2) of the Exchange 

Act 10 provides that proceedings to 

determine whether to approve or deny 

a proposed rule change must be 

concluded within 180 days of the date 

of a publication of the notice of filing of 

the proposed rule change. The 

Commission may extend the time for 

conclusion of such proceedings for up 

to 60 days if the Commission finds such 

longer period to be appropriate and 

publishes its reasons for so finding, or 

as to which the self-regulatory 

organization consents.11 The 180th day 

after publication of the Notice for the 

Proposed Rule Change is September 22, 

2024. 

The Commission is extending the 

period for Commission action on the 

Proposed Rule Change. The Commission 

finds that it is appropriate to designate 

a longer period within which to take 

action on the Proposed Rule Change so 

that the Commission has sufficient time 

to consider the issues raised by the 

Proposed Rule Change and to take 

action on the Proposed Rule Change. 

Accordingly, pursuant to Section 

19(b)(2)(B)(ii)(II) of the Act,12 the 

Commission designates November 21, 

2024, as the date by which the 

Commission should either approve or 

disapprove the Proposed Rule Change 

SR–FICC–2024–006. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.13

Vanessa A. Countryman, 

Secretary. 

[FR Doc. 2024–21757 Filed 9–23–24; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–101081; File No. SR–FICC– 

2024–005] 

Self-Regulatory Organizations; Fixed 

Income Clearing Corporation; Notice of 

Designation of Longer Period for 

Commission Action on Proceedings To 

Determine Whether To Approve or 

Disapprove a Proposed Rule Change, 

as Modified by Partial Amendment No. 

1, To Modify the GSD Rules To 

Facilitate Access to Clearance and 

Settlement of All Eligible Secondary 

Market Transactions in U.S. Treasury 

Securities 

September 18, 2024. 

On March 11, 2024, Fixed Income 

Clearing Corporation (‘‘FICC’’) filed 

with the Securities and Exchange 

Commission (‘‘Commission’’) the 

proposed rule change SR–FICC–2024– 

005 pursuant to Section 19(b) of the 

Securities Exchange Act of 1934 

(‘‘Exchange Act’’) 1 and Rule 19b–4 2

thereunder to modify FICC’s 

Government Securities Division 

(‘‘GSD’’) Rulebook (‘‘GSD Rules’’) to 

facilitate access to clearance and 

settlement services of all eligible 

secondary market transactions in U.S. 

Treasury securities.3 On March 19, 

2024, FICC filed Partial Amendment No. 

1 to make clarifications and 

corrections 4 to the proposed rule 

change. The proposed rule change, as 

modified by Partial Amendment No. 1, 

is referred to herein as the ‘‘Proposed 

Rule Change.’’ The Proposed Rule 

Change was published for public 

comment in the Federal Register on 


lotter on DSK11XQN23PROD with NOTICES1
77950 Federal Register / Vol. 89, No. 185 / Tuesday, September 24, 2024 / Notices 

5Securities Exchange Act Release No. 99817 

(March 21, 2024), 89 FR 21362 (March 27, 2024) 

(File No. SR–FICC–2024–005) (‘‘Notice of Filing’’). 

6Comments on the Proposed Rule Change are 

available at https://www.sec.gov/comments/sr-ficc2024-005/srficc2024005.htm. 

7 15 U.S.C. 78s(b)(2). 

8Securities Exchange Act Release No. 100031 

(Apr. 25, 2024), 89 FR 35269 (May 1, 2024) (File 

No. SR–FICC–2024–005). 

9 15 U.S.C. 78s(b)(2)(B). 

10Securities Exchange Act Release No. 100399 

(Jun. 21, 2024), 89 FR 53681 (Jun. 27, 2024) (File 

No. SR–FICC–2024–005). 

11 15 U.S.C. 78s(b)(2). 

12 15 U.S.C 78s(b)(2)(B)(ii)(II). 

13 Id. 

14 17 CFR 200.30–3(a)(57). 

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

2 17 CFR 240.19b–4. 

3See Securities Exchange Act Release No. 99149 

(Dec. 13, 2023), 89 FR 2714 (Jan. 16, 2024) (S7–23– 

22) (‘‘Adopting Release,’’ and the rules adopted 

therein as ‘‘Treasury Clearing Rules’’). See also 17 

CFR 240.15c3–3a. 

4Securities Exchange Act Release No. 99844 

(March 22, 2024), 89 FR 21586 (Mar. 28, 2024) (File 

No. SR–FICC–2024–007) (‘‘Notice of Filing’’). FICC 

also filed a related Advance Notice with the 

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

VIII of the Dodd-Frank Wall Street Reform and 

Consumer Protection Act, entitled the Payment, 

Clearing, and Settlement Supervision Act of 2010 

and Rule 19b–4(n)(1)(i) under the Exchange Act. 12 

U.S.C. 5465(e)(1). 15 U.S.C. 78s(b)(1) and 17 CFR 

240.19b–4, respectively. The Advance Notice was 

published in the Federal Register on March 28, 

2024. Securities Exchange Act Release No. 99845 

(Mar. 22, 2024), 89 FR 21603 (Mar. 28, 2024) (File 

No. SR–FICC–2024–802). 

5Comments on the Proposed Rule Change are 

available at https://www.sec.gov/comments/sr-ficc2024-007/srficc2024007.htm. 

6 15 U.S.C. 78s(b)(2). 

7Securities Exchange Act Release No. 100022 

(Apr. 24, 2024), 89 FR 34289 (Apr. 30, 2024) (File 

No. SR–FICC–2024–007). 

8 15 U.S.C. 78s(b)(2)(B). 

9Securities Exchange Act Release No. 100401 

(Jun. 21, 2024), 89 FR 53690 (Jun. 27, 2024) (File 

No. SR–FICC–2024–007). 

10 15 U.S.C. 78s(b)(2). 

11 15 U.S.C 78s(b)(2)(B)(ii)(II). 

12 Id. 

13 17 CFR 200.30–3(a)(57). 

March 27, 2024.5 The Commission has 

received comments regarding the 

substance of the changes proposed in 

the Proposed Rule Change.6

On May 1, 2024, pursuant to Section 

19(b)(2) of the Exchange Act,7 the 

Commission designated a longer period 

within which to approve, disapprove, or 

institute proceedings to determine 

whether to approve or disapprove the 

Proposed Rule Change.8 On June 27, 

2024, pursuant to Section 19(b)(2)(B) of 

the Exchange Act,9 the Commission 

instituted proceedings to determine 

whether to approve or disapprove the 

Proposed Rule Change.10

Section 19(b)(2) of the Exchange 

Act 11 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.12 The 

180th day after publication of the Notice 

in the Federal Register is September 23, 

2024. 

The Commission is extending the 

period for Commission action on the 

Proposed Rule Change. The Commission 

finds that it is appropriate to designate 

a longer period within which to take 

action on the Proposed Rule Change so 

that the Commission has sufficient time 

to consider the issues raised by the 

Proposed Rule Change and to take 

action on the Proposed Rule Change. 

Accordingly, pursuant to Section 

19(b)(2)(B)(ii)(II) of the Exchange Act,13

the Commission designates November 

22, 2024, as the date by which the 

Commission should either approve or 

disapprove the Proposed Rule Change 

SR–FICC–2024–005. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.14

Vanessa A. Countryman, 

Secretary. 

[FR Doc. 2024–21753 Filed 9–23–24; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–101082; File No. SR–FICC– 

2024–007)] 

Self-Regulatory Organizations; Fixed 

Income Clearing Corporation; Notice of 

Designation of Longer Period for 

Commission Action on Proposed Rule 

Change To Modify the GSD Rules 

Regarding the Separate Calculation, 

Collection and Holding of Margin for 

Proprietary Transactions and That for 

Indirect Participant Transactions, and 

To Address the Conditions of Note H 

to Rule 15c3–3a 

September 18, 2024. 

On March 14, 2024, Fixed Income 

Clearing Corporation (‘‘FICC’’) filed 

with the Securities and Exchange 

Commission (‘‘Commission’’) the 

proposed rule change SR–FICC–2024– 

007 pursuant to Section 19(b) of the 

Securities Exchange Act of 1934 

(‘‘Exchange Act’’) 1 and Rule 19b–4 2

thereunder to modify FICC’s 

Government Securities Division 

(‘‘GSD’’) Rulebook (‘‘GSD Rules’’) to 

calculate, collect, and hold margin for 

proprietary transactions of a Netting 

Member separately from margin that the 

Netting Member submits to FICC on 

behalf of indirect participants and to 

address conditions of Note H to Rule 

15c3–3a under the Act.3 The Proposed 

Rule Change was published for public 

comment in the Federal Register on 

March 28, 2024.4 The Commission has 

received comments regarding the 

substance of the changes proposed in 

the Proposed Rule Change.5

On April 24, 2024, pursuant to 

Section 19(b)(2) of the Act,6 the 

Commission designated a longer period 

within which to approve, disapprove, or 

institute proceedings to determine 

whether to approve or disapprove the 

Proposed Rule Change.7 On June 21, 

2024, pursuant to Section 19(b)(2)(B) of 

the Exchange Act,8 the Commission 

instituted proceedings to determine 

whether to approve or disapprove the 

Proposed Rule Change.9

Section 19(b)(2) of the Act 10 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.11 The 180th day after 

publication of the Notice in the Federal 

Register is September 24, 2024. 

The Commission is extending the 

period for Commission action on the 

Proposed Rule Change. The Commission 

finds that it is appropriate to designate 

a longer period within which to take 

action on the Proposed Rule Change so 

that the Commission has sufficient time 

to consider the issues raised by the 

Proposed Rule Change and to take 

action on the Proposed Rule Change. 

Accordingly, pursuant to Section 

19(b)(2)(B)(ii)(II) of the Act,12 the 

Commission designates November 23, 

2024, as the date by which the 

Commission should either approve or 

disapprove the Proposed Rule Change 

SR–FICC–2024–007. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.13

Vanessa A. Countryman, 

Secretary. 

[FR Doc. 2024–21754 Filed 9–23–24; 8:45 am] 

BILLING CODE 8011–01–P 


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