[Federal Register Volume 89, Number 203 (Monday, October 21, 2024)]
[Notices]
[Pages 84213-84214]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-24203]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-101337; File No. SR-NSCC-2024-006]


Self-Regulatory Organizations; National Securities Clearing 
Corporation; Notice of Designation of Longer Period for Commission 
Action on Proposed Rule Change To Adopt the Clearing Agency Framework 
for Certain Requirements on Governance and Conflicts of Interest

October 15, 2024.
    On August 15, 2024, National Securities Clearing Corporation 
(``NSCC'') filed with the Securities and Exchange Commission 
(``Commission'') the proposed rule change SR-NSCC-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 adopt a 
new framework entitled the ``Clearing Agency Framework for Certain 
Requirements on Governance and Conflicts of Interest'' (``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'').\3\ The Proposed Rule Change was 
published for public comment in the Federal Register on September 3, 
2024.\4\ The Commission has received no comments regarding the Proposed 
Rule Change.
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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 71 FR 646.
    \4\ Securities Exchange Act Release No. 100841 (August 27, 
2024), 71 FR 646 (September 3, 2024) (File No. SR-NSCC-2024-006) 
(``Notice of Filing'').
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    Section 19(b)(2)(i) of the Exchange Act \5\ 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.\6\ 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

[[Page 84214]]

the self-regulatory organization consents.\7\
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    \5\ 15 U.S.C. 78s(b)(2)(i).
    \6\ 15 U.S.C. 78 s(b)(2)(ii).
    \7\ Id.
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    The 45th day after publication of the Notice of Filing is October 
18, 2024. 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 act 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,\8\ designates December 2, 2024, as the date by which the 
Commission shall either approve, disapprove, or institute proceedings 
to determine whether to disapprove proposed rule change SR-NSCC-2024-
006.
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    \8\ Id.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\9\
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    \9\ 17 CFR 200.30-3(a)(12).
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Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024-24203 Filed 10-18-24; 8:45 am]
BILLING CODE 8011-01-P