Federal Register / Vol. 89, No. 185 / Tuesday, September 24, 2024 / Notices 77919 

56For purposes only of waiving the 30-day 

operative delay, the Commission has considered the 

proposed rule’s impact on efficiency, competition, 

and capital formation. See 15 U.S.C. 78c(f). 

57 17 CFR 200.30–3(a)(12). 

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

2 17 CFR 240.19b–4. 

3Self-Regulatory Organizations; LCH SA; Notice 

of Filing of Proposed Rule Change Relating to the 

CDSClear Select Membership Model, Exchange Act 

Release No. 34–99847 (Mar. 22, 2024); 89 FR 21579 

(Mar. 28, 2024) (SR–LCH SA–2024–002) (‘‘Notice’’). 

4 15 U.S.C. 78s(b)(2). 

5Exchange Act Release No. 100094 (May 9, 2024), 

89 FR 42515 (May 15, 2024) (File No. SR–LCH SA– 

2024–002). 

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

7Securities Exchange Act Release No. 100394 

(June 21, 2024), 89 FR 53685 (June 27, 2024) (File 

No. SR–LCH SA–2024–002). 

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

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

10 Id. 

the definition of ISE Open/Close Trade 

Profile will provide additional clarity 

and specificity to the ISE rulebook, and 

nothing in the clarification changes the 

product or the way it functions, but 

rather describes the product exactly as 

it exists today. The Exchange also states 

that the fees included in this filing have 

been in effect since July 1, 2024, and 

waiver of the operative delay will allow 

application of those fees to continue 

uninterrupted. For these reasons, the 

Commission believes that waiving the 

30-day operative delay is consistent 

with the protection of investors and the 

public interest. Therefore, the 

Commission hereby waives the 

operative delay and designates the 

proposal operative upon filing.56

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. If the 

Commission takes such action, the 

Commission shall institute proceedings 

to determine whether the proposed rule 

should be approved or 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 (https://www.sec.gov/ 

rules/sro.shtml); or 

• Send an email to rule-comments@

sec.gov. Please include file number SR– 

ISE–2024–46 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–ISE–2024–46. 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 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–ISE–2024–46 and should be 

submitted on or before October 15, 

2024. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.57

Vanessa A. Countryman, 

Secretary. 

[FR Doc. 2024–21744 Filed 9–23–24; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–101094; File No. SR–LCH 

SA–2024–002] 

Self-Regulatory Organizations; LCH 

SA; Notice of Designation of Longer 

Period for Commission Action on 

Proceedings To Determine Whether To 

Approve or Disapprove a Proposed 

Rule Change Relating to the CDSClear 

Select Membership Model 

September 18, 2024. 

On March 13, 2024, Banque Centrale 

de Compensation, which conducts 

business under the name LCH SA (‘‘LCH 

SA’’), filed with the Securities and 

Exchange Commission (‘‘Commission’’) 

the proposed rule change SR–LCH SA– 

2024–002 (the ‘‘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 its CDS Clearing 

Rule Book and CDS Clearing Procedures 

to incorporate new terms and to make 

conforming, clarifying, and clean-up 

changes to implement a new model of 

CDSClear select membership. The 

Proposed Rule Change was published 

for public comment in the Federal 

Register on March 28, 2024.3 The 

Commission has not received comments 

regarding the Proposed Rule Change. 

On May 9, 2024, pursuant to Section 

19(b)(2) of the Exchange Act,4 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, until June 26, 

2024.5 On June 21, 2024, the 

Commission instituted proceedings, 

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

Exchange Act,6 to determine whether to 

approve or disapprove the Proposed 

Rule Change.7

Section 19(b)(2) of the Exchange Act 8

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.9 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 Exchange Act,10

the Commission designates November 

23, 2024, as the date by which the 

Commission should either approve or 


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77920 Federal Register / Vol. 89, No. 185 / Tuesday, September 24, 2024 / Notices 

11 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 4, at 89 FR 21091. 

4Securities Exchange Act Release No. 99803 

(March 20, 2024), 89 FR 21091 (March 26, 2024) 

(File No. SR–NSCC–2024–003) (‘‘Notice of Filing’’). 

5Comments on the Proposed Rule Change were 

received under an affiliated filing and are available 

at https://www.sec.gov/comments/sr-ficc-2024-006/ 

srficc2024006.htm. 

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

7Securities Exchange Act Release No. 100077 

(May 8, 2024), 89 FR 42005 (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. 

disapprove the Proposed Rule Change 

SR–LCH SA–2024–002. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.11

Vanessa A. Countryman, 

Secretary. 

[FR Doc. 2024–21765 Filed 9–23–24; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–101084; File No. SR– 

NSCC–2024–003] 

Self-Regulatory Organizations; 

National Securities 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, National 

Securities Clearing Corporation 

(‘‘NSCC’’) filed with the Securities and 

Exchange Commission (‘‘Commission’’) 

the proposed rule change SR–NSCC– 

2024–003 (‘‘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 

NSCC and its affiliates, The Depository 

Trust Company (‘‘DTC’’) and Fixed 

Income Clearing Corporation (‘‘FICC,’’ 

and together with NSCC 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. 2024–21756 Filed 9–23–24; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–101074; File No. SR– 

GEMX–2024–34] 

Self-Regulatory Organizations; Nasdaq 

GEMX, LLC; Notice of Filing and 

Immediate Effectiveness of Proposed 

Rule Change To Expand Its CoLocation Services 

September 18, 2024. 

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 

September 5, 2024, Nasdaq GEMX, LLC 

(‘‘GEMX’’ or ‘‘Exchange’’) filed with the 

Securities and Exchange Commission 

(‘‘SEC’’ or ‘‘Commission’’) the proposed 

rule change as described in Items I, II, 

and III, below, which Items have been 

prepared by the Exchange. The 

Commission is publishing this notice to 

solicit comments on the proposed rule 

change from interested persons. 

I. Self-Regulatory Organization’s 

Statement of the Terms of Substance of 

the Proposed Rule Change 

The Exchange proposes to expand its 

co-location services. 

The text of the proposed rule change 

is available on the Exchange’s website at 

https://listingcenter.nasdaq.com/ 

rulebook/gemx/rules, at the principal 

office of the Exchange, and at the 

Commission’s Public Reference Room. 

II. Self-Regulatory Organization’s 

Statement of the Purpose of, and 

Statutory Basis for, the Proposed Rule 

Change 

In its filing with the Commission, the 

Exchange 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 

Exchange has prepared summaries, set 

forth in sections A, B, and C below, of 

the most significant aspects of such 

statements. 

A. Self-Regulatory Organization’s 

Statement of the Purpose of, and 

Statutory Basis for, the Proposed Rule 

Change 

1. Purpose 

The Exchange proposes to expand its 

co-location services by offering new 

cabinet, power, and power distribution 


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