80296 Federal Register / Vol. 89, No. 191 / Wednesday, October 2, 2024 / Notices 

34See supra note 26 and accompanying text. 

35 15 U.S.C. 78f(b)(5). 

36 15 U.S.C. 78s(b)(2). 

37 15 U.S.C. 78f(b)(2). 

38 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 

54602. 

4Securities Exchange Act Release No. 100417 

(June 25, 2024), 89 FR 54602 (July 1, 2024) (File No. 

SR–FICC–2024–009) (‘‘Notice of Filing’’). 

5Comments on the Proposed Rule Change are 

available at https://www.sec.gov/comments/sr-ficc2024-009/srficc2024009.htm. 

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

7Securities Exchange Act Release No. 100693 

(Aug. 12, 2024), 89 FR 66746 (Aug. 16, 2024) (File 

No. SR–FICC–2024–009). 

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

adequate surveillance program in place 

to monitor trading in the P.M.-Settled 

RUT options that expire on Expiration 

Fridays and has the necessary systems 

capacity to support the new options 

series.34 The Commission expects the 

Exchange to continue to monitor any 

potential risks from large P.M.-Settled 

positions and take appropriate action on 

a timely basis if warranted. 

Accordingly, the Commission finds 

that the proposed rule change is 

consistent with Section 6(b)(5) of the 

Act 35 and the rules and regulations 

thereunder applicable to a national 

securities exchange. 

IV. Solicitation of Comments on 

Amendment No. 1 to the Proposed Rule 

Change 

Interested persons are invited to 

submit written data, views, and 

arguments concerning whether 

Amendment No. 1 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– 

CBOE–2024–034 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–CBOE–2024–034. 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–CBOE–2024–034 and should be 

submitted on or before October 23, 

2024. 

V. Accelerated Approval of the 

Proposed Rule Change, as Modified by 

Amendment No. 1 

The Commission finds good cause to 

approve the proposed rule change, as 

modified by Amendment No. 1, prior to 

the thirtieth day after the date of 

publication of notice of the filing of 

Amendment No. 1 in the Federal 

Register. In Amendment No. 1, the 

Exchange narrows the scope of the 

proposed rule change from all broadbased indexes to the RUT index, 

provides additional support for the 

proposed rule change, and does not 

otherwise alter the substance of the 

proposed rule change. The changes to 

the proposal and additional information 

in Amendment No. 1 do not raise any 

novel regulatory issues and assist the 

Commission in evaluating the 

Exchange’s proposal and in determining 

that it is consistent with the Act. 

Accordingly, the Commission finds 

good cause, pursuant to Section 19(b)(2) 

of the Act,36 to approve the proposed 

rule change, as modified by Amendment 

No. 1, on an accelerated basis. 

VI. Conclusion 

It is therefore ordered, pursuant to 

Section 19(b)(2) of the Act,37 that the 

proposed rule change (SR–CBOE–2024– 

034), as modified by Amendment No. 1, 

be and hereby is, approved on an 

accelerated basis. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.38

Vanessa A. Countryman, 

Secretary. 

[FR Doc. 2024–22559 Filed 10–1–24; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–101194; File No. SR–FICC– 

2024–009] 

Self-Regulatory Organizations; Fixed 

Income Clearing Corporation; Order 

Instituting Proceedings To Determine 

Whether To Approve or Disapprove a 

Proposed Rule Change To Modify the 

GSD Rules Relating to the Adoption of 

a Trade Submission Requirement 

September 26, 2024. 

I. Introduction 

On June 12, 2024, Fixed Income 

Clearing Corporation (‘‘FICC’’) filed 

with the Securities and Exchange 

Commission (‘‘Commission’’) the 

proposed rule change SR–FICC–2024– 

009 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’’) as it 

relates to the adoption of a requirement 

for its direct participants to submit for 

clearance and settlement all eligible 

secondary market transactions in U.S. 

Treasury securities to which such direct 

participant is a counterparty.3 The 

Proposed Rule Change was published 

for public comment in the Federal 

Register on July 1, 2024.4 The 

Commission has received comments 

regarding the substance of the changes 

proposed in the Proposed Rule Change.5

On August 16, 2024, pursuant to 

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 or 

disapprove the Proposed Rule Change.7

The Commission is instituting 

proceedings, pursuant to Section 

19(b)(2)(B) of the Exchange Act,8 to 

determine whether to approve or 

disapprove the Proposed Rule Change. 


lotter on DSK11XQN23PROD with NOTICES1
Federal Register / Vol. 89, No. 191 / Wednesday, October 2, 2024 / Notices 80297 

9The GSD Rules are available at https://

www.dtcc.com/∼/media/Files/Downloads/legal/ 

rules/ficc_gov_rules.pdf. Terms not otherwise 

defined herein are defined in the GSD Rules. 

10A ‘‘covered clearing agency’’ is, among other 

things, a registered clearing agency that provides 

the services of a central counterparty, and a central 

counterparty is a clearing agency that interposes 

itself between the counterparties to securities 

transactions, acting functionally as the buyer to 

every seller and the seller to every buyer. 17 CFR 

240.17Ad–22(a); see also 15 U.S.C. 78c(a)(23) 

(defining a clearing agency). FICC is a clearing 

agency registered with the Commission under 

Section 17A of the Exchange Act (15 U.S.C. 78q– 

1), and it acts as a central counterparty. 

11 17 CFR 240.17ad–22(e)(18)(iv)(A) and (B). See 

Securities Exchange Act Release No. 99149 (Dec. 

13, 2023), 89 FR 2714 (Jan. 16, 2024) (‘‘Adopting 

Release,’’ and the rules adopted therein referred to 

herein as ‘‘Treasury Clearing Rules’’). 

12See Notice of Filing, supra note 4, at 54604. 

13Supra note 11. See also 17 CFR 240.17ad–22(a). 

14 17 CFR 240.17ad–22(e)(18)(iv)(A). 

15See Notice of Filing, supra note 4, at 54604. 

16 17 CFR 240.17ad–22(e)(18)(iv)(B). 

17See Notice of Filing, supra note 4, at 54606. 

II. Summary of the Proposed Rule 

Change 

A. Background 

FICC, through GSD, serves as a central 

counterparty and provider of clearance 

and settlement services for the U.S. 

government securities markets, 

including U.S. Treasury securities. 

GSD’s central counterparty services are 

available directly to entities that are 

approved to be Netting Members 9 and 

indirectly to other market participants 

through its indirect access models. 

On December 13, 2023, the 

Commission adopted amendments to 

the standards applicable to covered 

clearing agencies for U.S. Treasury 

securities, such as FICC,10 requiring, 

among other things, that such clearing 

agency establish objective, risk-based, 

and publicly disclosed criteria for 

participation which (i) require that any 

direct participant of such covered 

clearing agency submit for clearance 

and settlement all of the eligible 

secondary market transactions to which 

they are a counterparty; and (ii) identify 

and monitor its direct participants’ 

submission of eligible secondary market 

transactions to which they are a 

counterparty, including how the 

covered clearing agency would address 

a failure to submit transactions in 

accordance with this requirement.11

According to FICC, the Proposed Rule 

Change is designed to meet these new 

requirements and to further update 

FICC’s risk management framework, 

including its initial and ongoing 

participation criteria, and requirements 

relating to financial resources, 

creditworthiness, and operational 

capability, to limit the risks a Netting 

Member may present to FICC and the 

other Netting Members by ensuring, 

among other things, that applicants to 

be Netting Members have the financial 

and operational capabilities to meet the 

obligations of membership on an 

ongoing basis.12

B. Proposed Changes 

First, the Proposed Rule Change 

would adopt an ongoing membership 

requirement that all Netting Members 

submit for clearance and settlement 

eligible secondary market transactions 

to which they are a party and would 

specify the scope of this requirement by 

defining ‘‘Eligible Secondary Market 

Transactions,’’ adopting such and 

related definitions from the Treasury 

Clearing Rules.13 Specifically, under 

FICC’s proposed rules, an Eligible 

Secondary Market Transaction would 

include: a repurchase or reverse 

repurchase agreement collateralized by 

U.S. Treasury securities in which one of 

the counterparties is a direct 

participant; a purchase or sale between 

a direct participant and any 

counterparty, if the direct participant of 

the covered clearing agency brings 

together multiple buyers and sellers 

using a trading facility (such as a limit 

order book) and is a counterparty to 

both the buyer and seller in two 

separate transactions; and a purchase or 

sale between a direct participant and a 

registered broker-dealer, government 

securities broker, or government 

securities dealer. Under FICC’s 

proposed rules, an Eligible Secondary 

Market Transaction would not include: 

any purchase or sale transaction in U.S. 

Treasury securities or repurchase or 

reverse repurchase agreement 

collateralized by U.S. Treasury 

securities in which one counterparty is 

a central bank, a sovereign entity, an 

international financial institution, or a 

natural person; any repurchase or 

reverse repurchase agreement 

collateralized by U.S. Treasury 

securities in which one counterparty is 

a covered clearing agency providing 

central counterparty services or a 

derivatives clearing organization, or is 

regulated as a central counterparty in its 

home jurisdiction; any repurchase or 

reverse repurchase agreement 

collateralized by U.S. Treasury 

securities in which one counterparty is 

a state or local government; or any 

repurchase or reverse repurchase 

agreement collateralized by U.S. 

Treasury securities entered into between 

a direct participant and an affiliated 

counterparty provided that the affiliated 

counterparty submit for clearance and 

settlement all other repurchase or 

reverse repurchase agreements 

collateralized by U.S. Treasury 

securities to which the affiliate is a 

party. In addition, FICC proposes 

conforming certain aspects of those 

defined terms to the GSD Rules to 

provide Netting Members with clarity 

on the scope of this trade submission 

requirement. FICC states that these 

changes would be consistent with and 

implement the changes to Rule 17Ad– 

22(e)(18)(iv)(A) 14 regarding the 

requirement for its direct participants to 

submit for clearance and settlement all 

Eligible Secondary Market 

Transactions.15

Second, the Proposed Rule Change 

would adopt provisions to enable FICC 

to identify and monitor Netting 

Members’ ongoing compliance with the 

proposed trade submission requirement. 

These provisions would include 

affirmative obligations of Netting 

Members to notify FICC of noncompliance and confirm their ongoing 

compliance with this requirement. 

These would consist of requirements for 

Netting Members to provide FICC 

annual attestation regarding ongoing 

compliance with the trade submission 

requirement, and to conduct an 

independent review of ongoing 

compliance with the trade submission 

requirement on a triennial basis to be 

provided to FICC and the Netting 

Member’s most senior governing body. 

These provisions would also provide 

FICC with the authority to request 

information or review a Netting 

Member’s books and records to monitor 

and verify, as needed, such compliance. 

The Proposed Rule Change would 

also adopt disciplinary measures that 

FICC would take if a Netting Member 

fails to meet its obligations under the 

new rules, which would include 

continuing fines, to be incorporated into 

the GSD Fine Schedule, until the failure 

has been remediated and notifications to 

applicable regulatory authorities. FICC 

states that these changes would 

facilitate its ability to identify and 

monitor the trade submission 

requirement, as required of FICC under 

Rule 17Ad–22(e)(18)(iv)(B) 16 regarding 

the identification and monitoring of its 

direct participants’ submission of 

Eligible Secondary Market Transactions 

for clearing.17


lotter on DSK11XQN23PROD with NOTICES1
80298 Federal Register / Vol. 89, No. 191 / Wednesday, October 2, 2024 / Notices 

18 15 U.S.C. 78q–1(b)(4)(B). See Notice of Filing, 

supra note 4, at 54608. 

19 15 U.S.C. 78s(b)(2)(B). 

20 Id. 

21 15 U.S.C. 78q–1. 

22 15 U.S.C. 78q–1(b)(3)(F). 

23 15 U.S.C. 78q–1(b)(3)(G). 

24 15 U.S.C. 78q–1(b)(3)(I). 

25 15 U.S.C. 78q–1(b)(4)(B). 

26 17 CFR 240.17ad–22(e)(18)(i). 

27 17 CFR 240.17ad–22(e)(18)(ii). 

28 17 CFR 240.17ad–22(e)(18)(iii). 

29 17 CFR 240.17ad–22(e)(18)(iv)(A). 

30 17 CFR 240.17ad–22(e)(18)(iv)(B). 

Lastly, FICC proposes to amend 

certain of the initial qualifications for 

direct membership with GSD and the 

ongoing membership obligations of 

Netting Members. The changes related 

to initial membership requirements 

include explicitly requiring adequate 

liquidity through adequate resources; 

allowing FICC to review a Guarantor 

when an applicant or Member relies on 

such; requiring applicants to provide 

FICC with a business plan that 

demonstrates the applicant’s ability to 

meet FICC requirements and that they 

have at least one year of ‘‘operating and 

management history and outlook’’ or, 

absent one year, permitting FICC to 

determine whether the applicant has 

personnel with sufficient operational 

and financial background and 

experience; and clearly stating that FICC 

can deny an applicant’s membership 

under certain circumstances, and if 

denied under any circumstance, not 

permit reapplication until the applicant 

has adequately addressed the reason for 

the denial. The changes related to 

ongoing membership requirements 

relate to the production of financial 

statements by Affiliates of a Member; 

Member’s responses to FICC’s annual 

and periodic due diligence information 

requests; Member’s notifications to FICC 

if the Member breaches its GSD 

membership standards; and an adequate 

assurances condition on Funds-Only 

Settling Bank Members that could limit 

the number of Netting Members for 

which the bank provides settlement 

services. 

FICC states that these changes would 

clarify and strengthen membership 

standards to help mitigate the credit 

exposure that Netting Members present 

to FICC and, thus, continue to promote 

the safety and soundness of FICC, its 

Members, and the industry it serves, 

and that these changes would be 

consistent with FICC’s authority under 

Section 17A(b)(4)(B) of the Exchange 

Act.18

III. Proceedings To Determine Whether 

To Approve or Disapprove the 

Proposed Rule Change and Grounds for 

Disapproval Under Consideration 

The Commission is instituting 

proceedings pursuant to Section 

19(b)(2)(B) of the Exchange Act to 

determine whether the Proposed Rule 

Change should be approved or 

disapproved.19 Institution of 

proceedings is appropriate at this time 

in view of the legal and policy issues 

raised by the Proposed Rule Change. 

Institution of proceedings does not 

indicate that the Commission has 

reached any conclusions with respect to 

any of the issues involved. Rather, the 

Commission seeks and encourages 

interested persons to comment on the 

Proposed Rule Change, which would 

provide the Commission with 

arguments to support the Commission’s 

analysis as to whether to approve or 

disapprove the Proposed Rule Change. 

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

Exchange Act,20 the Commission is 

providing notice of the grounds for 

disapproval under consideration. The 

Commission is instituting proceedings 

to allow for additional analysis of, and 

input from commenters with respect to, 

the Proposed Rule Change’s consistency 

with Section 17A of the Exchange Act 21

and the rules thereunder, including the 

following provisions: 

• Section 17A(b)(3)(F) of the 

Exchange Act,22 which requires, among 

other things, that the rules of a clearing 

agency are designed to promote the 

prompt and accurate clearance and 

settlement of securities transactions, as 

well as to foster cooperation and 

coordination with persons engaged in 

the clearance and settlement of 

securities transactions; and, in general, 

to protect investors and the public 

interest; 

• Section 17A(b)(3)(G) of the 

Exchange Act,23 which requires that the 

rules of a clearing agency provide that 

its participants shall be appropriately 

disciplined for violation of any 

provision of the rules of the clearing 

agency by expulsion, suspension, 

limitation of activities, functions, and 

operations, fine, censure, or any other 

fitting sanction; 

• Section 17A(b)(3)(I) of the Exchange 

Act,24 which requires that the rules of 

a clearing agency do not impose any 

burden on competition not necessary or 

appropriate; 

• Section 17A(b)(4)(B) of the 

Exchange Act,25 which requires that a 

registered clearing agency may deny 

participation to, or condition the 

participation of, any person if such 

person does not meet such standards of 

financial responsibility, operational 

capability, experience, and competence 

as are prescribed by the rules of the 

clearing agency, and may examine and 

verify the qualifications of an applicant 

to be a participant in accordance with 

procedures established by the rules of 

the clearing agency; 

• Rule 17ad–22(e)(18)(i) under the 

Exchange Act,26 which requires that a 

covered clearing agency establish, 

implement, maintain, and enforce 

written policies and procedures 

reasonably designed to establish 

objective, risk-based, and publicly 

disclosed criteria for participation, 

which permit fair and open access by 

direct and, where relevant, indirect 

participants and other financial market 

utilities; 

• Rule 17ad–22(e)(18)(ii) under the 

Exchange Act,27 which requires that a 

covered clearing agency establish, 

implement, maintain, and enforce 

written policies and procedures 

reasonably designed to establish 

objective, risk-based, and publicly 

disclosed criteria for participation, 

which require participants to have 

sufficient financial resources and robust 

operational capacity to meet obligations 

arising from participation in the clearing 

agency; 

• Rule 17ad–22(e)(18)(iii) under the 

Exchange Act,28 which requires that a 

covered clearing agency establish, 

implement, maintain, and enforce 

written policies and procedures 

reasonably designed to establish 

objective, risk-based, and publicly 

disclosed criteria for participation, 

which monitor compliance with such 

participation requirements on an 

ongoing basis; 

• Rule 17ad–22(e)(18)(iv)(A) under 

the Exchange Act,29 which requires that 

a covered clearing agency establish, 

implement, maintain, and enforce 

written policies and procedures 

reasonably designed to establish 

objective, risk-based, and publicly 

disclosed criteria for participation, 

which, when the covered clearing 

agency provides central counterparty 

services in transactions in U.S. Treasury 

securities, require that any direct 

participant of such covered clearing 

agency submit for clearance and 

settlement all of the eligible secondary 

market transactions to which such 

direct participant is a counterparty; 

• Rule 17ad–22(e)(18)(iv)(B) under 

the Exchange Act,30 which requires that 

a covered clearing agency establish, 

implement, maintain, and enforce 

written policies and procedures 

reasonably designed to establish 

objective, risk-based, and publicly 

disclosed criteria for participation, 


lotter on DSK11XQN23PROD with NOTICES1
Federal Register / Vol. 89, No. 191 / Wednesday, October 2, 2024 / Notices 80299 

31 17 CFR 240.17ad–22(e)(23)(ii). 

32 15 U.S.C. 78q–1(b)(3)(F), 15 U.S.C. 78q– 

1(b)(3)(G), 15 U.S.C. 78q–1(b)(3)(I), and 15 U.S.C. 

78q–1(b)(4)(B). 

33 17 CFR 240.17Ad–22(e)(18)(i), 17 CFR 

240.17Ad–22(e)(18)(ii), 17 CFR 240.17Ad– 

22(e)(18)(iii), 17 CFR 240.17Ad–22(e)(18)(iv)(A), 17 

CFR 240.17Ad–22(e)(18)(iv)(B), and 17 CFR 

240.17Ad–22(e)(23)(ii). 

34 17 CFR 240.19b–4(g). 

35Section 19(b)(2) of the Exchange Act grants to 

the Commission flexibility to determine what type 

of proceeding—either oral or notice and 

opportunity for written comments—is appropriate 

for consideration of a particular proposal by a selfregulatory organization. See Securities Acts 

Amendments of 1975, Senate Comm. on Banking, 

Housing & Urban Affairs, S. Rep. No. 75, 94th 

Cong., 1st Sess. 30 (1975). 36See Notice of Filing, supra note 4. 37 17 CFR 200.30–3(a)(31). 

which, when the covered clearing 

agency provides central counterparty 

services in transactions in U.S. Treasury 

securities, identify and monitor its 

direct participants’ submission of 

transactions for clearing as required by 

Rule 17ad–22(e)(18)(iv)(A), including 

how the clearing agency would address 

a failure to submit transactions in 

accordance with Rule 17ad– 

22(e)(18)(iv)(A); and 

• Rule 17ad–22(e)(23)(ii) under the 

Exchange Act,31 which requires that a 

covered clearing agency establish, 

implement, maintain, and enforce 

written policies and procedures 

reasonably designed to provide 

sufficient information to enable 

participants to identify and evaluate the 

risks, fees, and other material costs they 

incur by participating in the covered 

clearing agency. 

IV. Procedure: Request for Written 

Comments 

The Commission requests that 

interested persons provide written 

submissions of their views, data, and 

arguments with respect to the issues 

identified above, as well as any other 

concerns they may have with the 

Proposed Rule Change. In particular, the 

Commission invites the written views of 

interested persons concerning whether 

the Proposed Rule Change is consistent 

with Section 17A(b)(3)(F), (G), and (I), 

and (b)(4)(B) 32 and Rules 17ad– 

22(e)(18)(i), (ii), (iii), (iv)(A) and (B), and 

(e)(23)(ii) 33 of the Exchange Act, or any 

other provision of the Exchange Act, or 

the rules and regulations thereunder. 

Although there do not appear to be any 

issues relevant to approval or 

disapproval that would be facilitated by 

an oral presentation of views, data, and 

arguments, the Commission will 

consider, pursuant to Rule 19b–4(g) 

under the Exchange Act,34 any request 

for an opportunity to make an oral 

presentation.35

The Commission asks that 

commenters address the sufficiency of 

FICC’s statements in support of the 

Proposed Rule Change, which are set 

forth in the Notice of Filing 36 in 

addition to any other comments they 

may wish to submit about the Proposed 

Rule Change. 

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– 

FICC–2024–009 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–FICC–2024–009. 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 filing 

also will be available for inspection and 

copying at the principal office of FICC 

and on FICC’s website (www.dtcc.com/ 

legal/sec-rule-filings). 

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–FICC–2024–009 and should 

be submitted on or before October 23, 

2024. Rebuttal comments should be 

submitted by November 6, 2024. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.37

Vanessa A. Countryman, 

Secretary. 

[FR Doc. 2024–22560 Filed 10–1–24; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Investment Company Act Release No. 

35344] 

Deregistration Under Section 8(f) of the 

Investment Company Act of 1940 

September 27, 2024. 

AGENCY: Securities and Exchange 

Commission (‘‘Commission’’ or ‘‘SEC’’) 

ACTION: Notice of applications for 

deregistration under section 8(f) of the 

Investment Company Act of 1940. 

The following is a notice of 

applications for deregistration under 

section 8(f) of the Investment Company 

Act of 1940 for the month of September 

2024. A copy of each application may be 

obtained via the Commission’s website 

by searching for the applicable file 

number listed below, or for an applicant 

using the Company name search field, 

on the SEC’s EDGAR system. The SEC’s 

EDGAR system may be searched at 

https://www.sec.gov/edgar/searchedgar/ 

legacy/companysearch.html. You may 

also call the SEC’s Public Reference 

Room at (202) 551–8090. An order 

granting each application will be issued 

unless the SEC orders a hearing. 

Interested persons may request a 

hearing on any application by emailing 

the SEC’s Secretary at SecretarysOffice@sec.gov and serving the relevant 

applicant with a copy of the request by 

email, if an email address is listed for 

the relevant applicant below, or 

personally or by mail, if a physical 

address is listed for the relevant 

applicant below. Hearing requests 

should be received by the SEC by 5:30 

p.m. on October 22, 2024, and should be 

accompanied by proof of service on 

applicants, in the form of an affidavit or, 

for lawyers, a certificate of service. 

Pursuant to Rule 0–5 under the Act, 

hearing requests should state the nature 

of the writer’s interest, any facts bearing 

upon the desirability of a hearing on the 

matter, the reason for the request, and 

the issues contested. Persons who wish 

to be notified of a hearing may request 

notification by writing to the 

Commission’s Secretary at SecretarysOffice@sec.gov. 


lotter on DSK11XQN23PROD with NOTICES1