Federal Register / Vol. 89, No. 190 / Tuesday, October 1, 2024 / Notices 79977 

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

2 17 CFR 240.19b–4. 

3Securities Exchange Act Release No. 100664 

(Aug. 6, 2024), 89 FR 65695 (Aug. 12, 2024) (File 

No. SR–OCC–2024–010) (‘‘Notice of Filing’’). 

4Comments on proposed rule change SR–OCC– 

2024–010 are available at https://www.sec.gov/ 

comments/sr-occ-2024-010/srocc2024010.htm. 

5See OCC Info Memo 55123, available at https:// 

infomemo.theocc.com/infomemos?number=55123. 

information related to this document 

using any of the following methods: 

• Federal Rulemaking Website: Go to 

https://www.regulations.gov and search 

for Docket ID NRC–2024–0171. Address 

questions about Docket IDs in 

Regulations.gov to Stacy Schumann; 

telephone: 301–415–0624; email: 

Stacy.Schumann@nrc.gov. For technical 

questions, contact the individual listed 

in the FOR FURTHER INFORMATION

CONTACT section of this document 

• NRC’s Agencywide Documents 

Access and Management System 

(ADAMS): You may obtain publicly 

available documents online in the 

ADAMS Public Documents collection at 

https://www.nrc.gov/reading-rm/ 

adams.html. To begin the search ‘‘Begin 

Web-based ADAMS Search.’’ For 

problems with ADAMS, please contact 

the NRC’s Public Document Room (PDR) 

reference staff at 1–800–397–4209, at 

301–415–4737, or by email to 

PDR.Resource@nrc.gov. 

• NRC’s PDR: The PDR, where you 

may examine and order copies of 

publicly available documents, is open 

by appointment. To make an 

appointment to visit the PDR, please 

send an email to PDR.Resource@nrc.gov 

or call 1–800–397–4209 or 301–415– 

4737, between 8 a.m. and 4 p.m. eastern 

time (ET), Monday through Friday, 

except Federal holidays. 

FOR FURTHER INFORMATION CONTACT: 

Jennifer M. Golder, Secretary, Executive 

Resources Board, U.S. Nuclear 

Regulatory Commission, Washington, 

DC 20555–0001; telephone: 301–287– 

0741, email: Jennifer.Golder@nrc.gov. 

SUPPLEMENTARY INFORMATION: The 

following individuals appointed as 

members of the NRC PRB are 

responsible for making 

recommendations to the appointing and 

awarding authorities on performance 

appraisal ratings and performance 

awards for Senior Executives and Senior 

Level System employees: 

• Marila Gavrilas, Ph.D., Co-Chair, 

Executive Director for Operations 

• Brooke P. Clark, Co-Chair, General 

Counsel 

• Owen F. Barwell, Chief Financial 

Officer 

• James C. Corbett, Director, Office of 

Administration 

• Craig G. Erlanger, Acting Director, 

Office of Nuclear Security and 

Incident Response 

• John W. Lubinski, Director, Office of 

Nuclear Material Safety and 

Safeguards 

• John D. Monninger, Regional 

Administrator, Region IV 

• Scott A. Morris, Deputy Executive 

Director for Reactor and Preparedness 

Programs, Office of the Executive 

Director for Operations 

• David L. Pelton, Director, Office of 

Enforcement 

• Andrea D. Veil, Director, Office of 

Nuclear Reactor Regulation 

Jennifer M. Golder, Chief Human 

Capital Officer and Vonna L. Ordaz, 

Director, Office of Small Business and 

Civil Rights, will serve as non-voting 

advisory members of the PRB. 

The following individuals will serve 

as members of the NRC PRB Panel that 

was established to review appraisals 

and make recommendations to the 

appointing and awarding authorities for 

NRC PRB members: 

• Mary B. Spencer, Deputy General 

Counsel for Licensing, Hearings, and 

Enforcement, Office of the General 

Counsel 

• Scott C. Flanders, Chief Information 

Officer 

• David L. Skeen, Director, Office of 

International Programs 

All appointments are made pursuant 

to chapter 43 of title 5 of the United 

States Code, section 4314. 

Dated: September 26, 2024. 

For the Nuclear Regulatory Commission. 

Jennifer M. Golder, 

Secretary, Executive Resources Board. 

[FR Doc. 2024–22546 Filed 9–30–24; 8:45 am] 

BILLING CODE 7590–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–101193; File No. SR–OCC– 

2024–010] 

Self-Regulatory Organizations; The 

Options Clearing Corporation; Notice 

of Filing of Partial Amendment No. 1 

and Designation of Longer Period for 

Commission Action on Proposed Rule 

Change by the Options Clearing 

Corporation To Establish a Margin 

Add-On Charge That Would Be Applied 

to All Clearing Member Accounts To 

Help Mitigate the Risks Arising From 

Intraday and Overnight Trading 

Activity 

September 25, 2024. 

On July 25, 2024, the Options 

Clearing Corporation (‘‘OCC’’) filed with 

the Securities and Exchange 

Commission (‘‘Commission’’) the 

proposed rule change SR–OCC–2024– 

010 pursuant to Section 19(b) of the 

Securities Exchange Act of 1934 

(‘‘Exchange Act’’) 1 and Rule 19b–4 2

thereunder to establish a margin add-on 

charge that would be applied to all 

Clearing Member accounts to help 

mitigate the risks arising from intraday 

and overnight trading activity. Proposed 

rule change SR–OCC–2024–010 was 

published for public comment in the 

Federal Register on August 12, 2024.3

The Commission has received 

comments regarding the proposed rule 

change SR–OCC–2024–010.4

On September 4, 2024, OCC amended 

SR–OCC–2024–010 to include as 

Exhibit 2 the Information Memorandum 

55123, published by OCC on its website 

on August 30, 2024, and informing 

OCC’s membership of the details of the 

margin add-on charge.5 The amendment 

did not change the purpose or basis of 

proposed rule change SR–OCC–2024– 

010, as modified by Partial Amendment 

No. 1 (hereinafter, the ‘‘Proposed Rule 

Change’’). 

I. Solicitation of Comments 

Interested persons are invited to 

submit written data, views, and 

arguments concerning the foregoing, 

including whether the Proposed Rule 

Change, as modified by Partial 

Amendment No. 1, is consistent with 

the Exchange 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-regulations/self-regulatoryorganization-rulemaking); or 

• Send an email to rule-comments@

sec.gov. Please include file number SR– 

OCC–2024–010 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–OCC–2024–010. 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 of submission. The 

Commission will post all comments on 

the Commission’s website (https://

www.sec.gov/rules-regulations/selfregulatory-organization-rulemaking). 

Copies of the submission, all subsequent 

amendments, all written statements 


khammond on DSKJM1Z7X2PROD with NOTICES
79978 Federal Register / Vol. 89, No. 190 / Tuesday, October 1, 2024 / Notices 

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

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

8 Id. 

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

10 17 CFR 200.30–3(a)(12). 

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

2 17 CFR 240.19b–4. 

3OCC’s By-Laws and Rules can be found on 

OCC’s public website: https://www.theocc.com/ 

Company-Information/Documents-and-Archives/ 

By-Laws-and-Rules. 

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 filing 

also will be available for inspection and 

copying at the principal office of OCC 

and on OCC’s website at https://

www.theocc.com/CompanyInformation/Documents-and-Archives/ 

By-Laws-and-Rules. 

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–OCC–2024–010 and should 

be submitted on or before October 22, 

2024. 

II. Extension 

Section 19(b)(2)(i) of the Exchange 

Act 6 provides that, within 45 days of 

the publication of notice of the filing of 

a proposed rule change, 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 unless 

the Commission extends the period 

within which it must act as provided in 

Section 19(b)(2)(ii) of the Exchange 

Act.7 Section 19(b)(2)(ii) of the 

Exchange Act allows the Commission to 

designate a longer period for review (up 

to 90 days from the publication of notice 

of the filing of a proposed rule change) 

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.8

The 45th day after publication of the 

Notice of Filing is September 26, 2024. 

In order to provide the Commission 

with sufficient time to consider 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, 

and therefore is extending this 45-day 

time period. 

Accordingly, the Commission, 

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

Exchange Act,9 designates November 

10, 2024, as the date by which the 

Commission shall either approve, 

disapprove, or institute proceedings to 

determine whether to disapprove the 

Proposed Rule Change. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.10

Vanessa A. Countryman, 

Secretary. 

[FR Doc. 2024–22416 Filed 9–30–24; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–101189; File No. SR–OCC– 

2024–013] 

Self-Regulatory Organizations; The 

Options Clearing Corporation; Notice 

of Filing of Proposed Rule Change by 

The Options Clearing Corporation 

Concerning Modifications to its ByLaws and Rules Primarily To 

Discontinue Certain Outmoded or 

Unused Products and Services 

September 25, 2024. 

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

Securities Exchange Act of 1934 

(‘‘Exchange Act’’ or ‘‘Act’’),1 and Rule 

19b–4 thereunder,2 notice is hereby 

given that on September 13, 2024, The 

Options Clearing Corporation (‘‘OCC’’ or 

‘‘Corporation’’) filed with the Securities 

and Exchange Commission 

(‘‘Commission’’) the proposed rule 

change as described in Items I, II, and 

III below, which Items have been 

prepared primarily by OCC. The 

Commission is publishing this notice to 

solicit comments on the proposed rule 

change from interested persons. 

I. Clearing Agency’s Statement of the 

Terms of Substance of the Proposed 

Rule Change 

This proposed rule change would 

make modifications to its By-Laws and 

Rules primarily to discontinue certain 

outmoded or unused products and 

services. 

Proposed changes to OCC’s By-Laws 

are contained in Exhibit 5A [sic] that 

OCC provided as part of File No. SR– 

OCC–2024–013. Proposed changes to 

OCC’s Rules are contained in Exhibit 5B 

[sic] that OCC provided as part of File 

No. SR–OCC–2024–013. Material 

proposed to be added is underlined and 

material proposed to be deleted is 

marked in strikethrough text. 

All terms with initial capitalization 

that are not defined herein have the 

same meaning as set forth in the OCC 

By-Laws and Rules.3

II. Clearing Agency’s Statement of the 

Purpose of, and Statutory Basis for, the 

Proposed Rule Change 

In its filing with the Commission, 

OCC 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. OCC has prepared 

summaries, set forth in sections (A), (B), 

and (C) below, of the most significant 

aspects of these statements. 

(A) Clearing Agency’s Statement of the 

Purpose of, and Statutory Basis for, the 

Proposed Rule Change 

OCC is the sole clearing agency for 

standardized equity options listed on 

national securities exchanges registered 

with the Commission. OCC also clears 

certain stock loan and futures 

transactions. In its role as a clearing 

agency, OCC acts as a central 

counterparty (‘‘CCP’’) guarantying all 

contracts it clears, meaning OCC 

becomes the buyer to every seller and 

the seller to every buyer (or the lender 

to every borrower and the borrower to 

every lender, in the case of stock loan 

transactions). As a CCP, OCC maintains 

a platform called ENCORE consisting of 

OCC’s core clearing, risk management, 

and data management applications 

launched in 2000. Among other 

functions, ENCORE serves as OCC’s 

real-time processing engine, receiving 

trade and post-trade data from a variety 

of sources on a transaction-bytransaction basis to facilitate OCC’s 

clearance and settlement operations. 

OCC intends to retire ENCORE and 

implement a new, updated clearance 

and settlement system, known as 

‘‘Ovation,’’ that will leverage more 

current technology and enhanced 

security features. Ovation is designed to 

provide a more robust solution to meet 

market participants’ needs and OCC’s 

responsibilities, including in OCC’s role 

as a systemically important financial 

market utility. As part of the transition 

to the Ovation system, OCC is 

considering which features of ENCORE 

should be carried over to Ovation and 


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