[Federal Register Volume 89, Number 185 (Tuesday, September 24, 2024)]
[Notices]
[Page 77945]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-21745]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-101095; File No. SR-OCC-2024-001]


Self-Regulatory Organizations; The Options Clearing Corporation; 
Notice of Withdrawal of a Proposed Rule Change by The Options Clearing 
Corporation Concerning Its Process for Adjusting Certain Parameters in 
Its Proprietary System for Calculating Margin Requirements During 
Periods When the Products It Clears and the Markets It Serves 
Experience High Volatility

September 18, 2024.
    On January 10, 2024, the Options Clearing Corporation (``OCC'') 
filed with the Securities and Exchange Commission (``Commission''), 
pursuant to Section 19(b)(3)(A) of the Securities Exchange Act of 1934 
(``Exchange Act'') \1\ and Rule 19b-4 thereunder,\2\ a proposed rule 
change to codify OCC's process for adjusting certain parameters in its 
proprietary system for calculating margin requirements during periods 
when the products OCC clears and the markets it serves experience high 
volatility (``Proposal'').\3\ The Proposal was published for comment in 
the Federal Register on January 25, 2024.\4\ The Commission has 
received comments regarding the proposed rule change.\5\
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Notice of Filing infra note 4, at 89 FR 5062.
    \4\ See Securities Exchange Act Release No. 99393 (Jan. 19, 
2024), 89 FR 5062 (Jan. 25, 2024) (File No. SR-OCC-2024-001).
    \5\ Comments on the proposed rule change are available at 
https://www.sec.gov/comments/sr-occ-2024-001/srocc2024001.htm.
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    On February 23, 2024, pursuant to the Section 19(b)(2) of the 
Exchange Act,\6\ the Commission designated a longer period within which 
to approve, disapprove, or institute proceedings to determine whether 
to approve the Proposal.\7\ On April 22, 2024, the Commission 
instituted proceedings, pursuant to Section 19(b)(2)(B) of the Exchange 
Act,\8\ to determine whether to approve or disapprove the Proposal.\9\ 
On July 18, 2024, the Commission designated a longer period within 
which to determine whether to approve or disapprove the Proposal.\10\
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    \6\ 15 U.S.C. 78s(b)(2).
    \7\ See Securities Exchange Act Release No. 99594 (Feb. 23, 
2024), 89 FR 14909 (Feb. 29, 2024) (File No. SR-OCC-2024-001).
    \8\ 15 U.S.C. 78s(b)(2)(B).
    \9\ See Securities Exchange Act Release No. 100009 (Apr. 22, 
2024), 89 FR 32469 (Apr. 26, 2024) (File No. SR-OCC-2024-001).
    \10\ See Securities Exchange Act Release No. 100552 (July 18, 
2024), 89 FR 59940 (July 24, 2024) (File No. SR-OCC-2024-001).
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    On September 17, 2024, OCC withdrew the Proposal (SR-OCC-2024-001).

    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)(12).
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Vanessa A. Countryman,
Secretary.
[FR Doc. 2024-21745 Filed 9-23-24; 8:45 am]
BILLING CODE 8011-01-P