87448 Federal Register / Vol. 89, No. 212 / Friday, November 1, 2024 / Notices 

39 17 CFR 240.19b–4(f)(6)(iii). In addition, 

Rule19b–4(f)(6)(iii) requires a self-regulatory 

organization to give the Commission written notice 

of its intent to file the proposed rule change, along 

with a brief description and text of the proposed 

rule change, at least five business days prior to the 

date of filing of the proposed rule change, or such 

shorter time as designated by the Commission. The 

Exchange has satisfied this requirement. 

40 17 CFR 240.19b–4(f)(6). 

41 17 CFR 240.19b–4(f)(6)(iii). 

42 15 U.S.C. 78s(b)(2)(B). 

43 17 CFR 200.30–3(a)(12). 

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

2 17 CFR 240.19b-4. 

3See Securities Exchange Act Release No. 100046 

(May 1, 2024), 89 FR 38203 (May 7, 2024) 

(‘‘Notice’’). Comments received on the proposed 

rule change are available at: https://www.sec.gov/ 

comments/sr-finra-2024-007/srfinra2024007.htm. 

4See Securities Exchange Act Release No. 100305 

(June 10, 2024), 89 FR 50644 (June 14, 2024). 

5 15 U.S.C. 78s(b)(2)(B). 

6See Securities Exchange Act Release No. 100655 

(August 5, 2024), 89 FR 65441 (August 9, 2024) 

(‘‘Order Instituting Proceedings’’). 

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

8See Notice, supra note 3. 

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

of the Act and Rule 19b–4(f)(6)(iii) 

thereunder.39

A proposed rule change filed under 

Rule 19b–4(f)(6) 40 normally does not 

become operative prior to 30 days after 

the date of the filing. However, pursuant 

to Rule 19b4(f)(6)(iii),41 the Commission 

may designate a shorter time if such 

action is consistent with the protection 

of investors and the public interest. 

At any time within 60 days of the 

filing of such 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 

under Section 19(b)(2)(B) 42 of the Act to 

determine whether the proposed rule 

change 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– 

NYSEAMER–2024–62 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–NYSEAMER–2024–62. 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–NYSEAMER–2024–62 and should 

be submitted on or before November 22, 

2024. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.43

Sherry R. Haywood, 

Assistant Secretary. 

[FR Doc. 2024–25427 Filed 10–31–24; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–101450; File No. SR– 

FINRA–2024–007] 

Self-Regulatory Organizations; 

Financial Industry Regulatory 

Authority, Inc.; Notice of Designation 

of Longer Period for Commission 

Action on Proceedings To Determine 

Whether To Approve or Disapprove 

Proposed Rule Change To Adopt the 

FINRA Rule 6500 Series (Securities 

Lending and Transparency Engine 

(SLATETM)) 

October 28, 2024. 

On May 1, 2024, the Financial 

Industry Regulatory Authority, Inc. 

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

Exchange Commission (‘‘Commission’’), 

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

Securities Exchange Act of 1934 

(‘‘Act’’),1 and Rule 19b–4 thereunder,2 a 

proposed rule change to adopt the new 

FINRA Rule 6500 Series (Securities 

Lending and Transparency Engine 

(SLATETM)) to (1) require reporting of 

securities loans; and (2) provide for the 

public dissemination of loan 

information. The proposed rule change 

was published for comment in the 

Federal Register on May 7, 2024.3 On 

June 10, 2024, the Commission 

extended, until August 5, 2024, the time 

period within which to approve the 

proposed rule change, disapprove the 

proposed rule change, or institute 

proceedings to determine whether to 

disapprove the proposed rule change.4

On August 5, 2024, the Commission 

instituted proceedings under Section 

19(b)(2)(B) of the Act 5 to determine 

whether to approve or disapprove the 

proposed rule change, and allow for 

additional analysis of, and input from 

commenters with respect to, the scope 

and implementation of the proposed 

rules.6

Section 19(b)(2) of the Act 7 provides 

that, after initiating proceedings, the 

Commission shall issue an order 

approving or disapproving the proposed 

rule change not later than 180 days after 

the date of publication of notice of filing 

of the proposed rule change. The 

Commission may extend the period for 

issuing an order approving or 

disapproving the proposed rule change, 

however, by not more than 60 days if 

the Commission determines that a 

longer period is appropriate and 

publishes the reasons for such 

determination. The proposed rule 

change was published for notice and 

comment in the Federal Register on 

May 7, 2024.8 November 3, 2024 is 180 

days from that date, and January 2, 2025 

is 240 days from that date. 

The Commission finds it is 

appropriate to designate a longer period 

within which to issue an order 

approving or disapproving the proposed 

rule change so that it has sufficient time 

to consider the proposed rule change 

and its comments. Accordingly, the 

Commission, pursuant to Section 

19(b)(2) of the Act,9 designates January 

2, 2025 as the date by which the 

Commission shall either approve or 


khammond on DSKJM1Z7X2PROD with NOTICES
Federal Register / Vol. 89, No. 212 / Friday, November 1, 2024 / Notices 87449 

10 17 CFR 200.30–3(a)(57). 

1 12 U.S.C. 5465(e)(1). 

2 17 CFR 240.19b–4(n)(1)(i). 

3See Securities Exchange Act Release No. 99149 

(Dec. 13, 2023), 89 FR 2714 (Jan. 16, 2024) (S7–23– 

22) (‘‘Adopting Release,’’ and the rules adopted 

therein as ‘‘Treasury Clearing Rules’’). See also 17 

CFR 240.15c3–3a. 

4Securities Exchange Act Release No. 99845 

(Mar. 22, 2024), 89 FR 21586 (Mar. 28, 2024) (File 

No. SR–FICC–2024–802) (‘‘Notice of Filing’’). On 

March 14, 2024, FICC filed the Advance Notice as 

a proposed rule change with the Commission 

pursuant to Section 19(b)(1) of the Exchange Act, 

15 U.S.C. 78s(b)(1), and Rule 19b–4 thereunder, 17 

CFR 240.19b–4. Securities Exchange Act Release 

No. 99844 (March 22, 2024), 89 FR 21603 (Mar. 28, 

2024) (File No. SR–FICC–2024–007) (‘‘Proposed 

Rule Change’’). On April 24, 2024, 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, pursuant to section 19(b)(2) 

of the Exchange Act, 15 U.S.C. 78s(b)(2)(ii). 

Securities Exchange Act Release No. 100022 (Apr. 

24, 2024), 89 FR 34289 (Apr. 30, 2024) (File No. 

SR–FICC–2024–007). On June 21, 2024, the 

Commission published in the Federal Register an 

Order Instituting Proceedings to determine whether 

to approve or disapprove the proposed rule change. 

Securities Exchange Act Release No. 100401 (Jun. 

21, 2024), 89 FR 53690 (Jun. 27, 2024) (File No. SR– 

FICC–2024–007). On September 18, 2024, the 

Commission designated a longer period for 

Commission action on the proceedings to determine 

whether to disapprove the proposed rule change, 

until November 10, 2024. Securities Exchange Act 

Release No. 101082 (Sep. 18, 2024), 89 FR 77949 

(Sep. 24, 2024) (File No. SR–FICC–2024–007). 

5Pursuant to Section 806(e)(1)(H) of the Clearing 

Supervision Act, the Commission may extend the 

review period of an advance notice for an 

additional 60 days, if the changes proposed in the 

advance notice raise novel or complex issues, 

subject to the Commission providing the financial 

market utility (‘‘FMU’’) with prompt written notice 

of the extension.12 U.S.C. 5465(e)(1)(H); see supra 

note 4, 89 FR at 21602 (explaining the 

Commission’s rationale for determining that the 

proposed changes in the Advance Notice raise 

novel and complex issues). 

6See 12 U.S.C. 5465(e)(1)(D). A memo regarding 

the Request for Additional Information and the 

tolled period of review is available at https://

www.sec.gov/comments/sr-ficc-2024-802/ 

srficc2024802-462751-1210414.pdf. 

7See 12 U.S.C. 5465(e)(1)(E)(ii) and (G)(ii); A 

memo regarding its receipt of FICC’s response to the 

Request for Additional Information is available at 

https://www.sec.gov/comments/sr-ficc-2024-802/ 

srficc2024802-494123-1433426.pdf. 

8See 12 U.S.C. 5465(e)(1)(D). A memo regarding 

the Request for Additional Information and the 

tolled period of review is available at https://

www.sec.gov/comments/sr-ficc-2024-802/ 

srficc2024802-524215-1504462.pdf. 

9Comments on the Advance Notice are available 

at https://www.sec.gov/comments/sr-ficc-2024-802/ 

srficc2024802.htm. Comments on the Proposed 

Rule Change are available at https://www.sec.gov/ 

comments/sr-ficc-2024-007/srficc2024007.htm. 

Because the proposals contained in the Proposed 

Rule Change and the Advance Notice are the same, 

the Commission considers all comments received 

on the proposal, regardless of whether the 

comments are submitted with respect to the 

Advance Notice or the Proposed Rule Change. The 

comment letters to the Proposed Rule Change and 

Advance Notice also contained comments on the 

substance of another FICC proposed rule change, 

FICC–2024–005. The Commission will only be 

considering comments relevant to this proposal and 

will address the comments on the other proposed 

rule change in a separate order. 

10See Letter from Laura Klimpel, Managing 

Director, Head of Fixed Income and Financing 

Solutions, Depository Trust & Clearing Corporation, 

(Aug. 1, 2024) (‘‘FICC Letter’’). 

11Text of the proposed changes made by the 

Partial Amendment No. 1 to the Advance Notice is 

available at https://www.sec.gov/rules-regulations/ 

self-regulatory-organization-rulemaking. The 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 or in the Advance Notice. 

disapprove the proposed rule change 

(File No. SR–FINRA–2024–007). 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.10

Sherry R. Haywood, 

Assistant Secretary. 

[FR Doc. 2024–25426 Filed 10–31–24; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–101455; File No. SR–FICC– 

2024–802] 

Self-Regulatory Organizations; Fixed 

Income Clearing Corporation; Notice of 

Filing of Partial Amendment No. 1 to 

Advance Notice To Modify the GSD 

Rules (i) Regarding the Separate 

Calculation, Collection and Holding of 

Margin for Proprietary Transactions 

and That for Indirect Participant 

Transactions, and (ii) To Address the 

Conditions of Note H to Rule 15c3–3a 

October 28, 2024. 

On March 14, 2024, Fixed Income 

Clearing Corporation (‘‘FICC’’) filed 

with the Securities and Exchange 

Commission (‘‘Commission’’) advance 

notice SR–FICC–2024–802 pursuant to 

Section 806(e)(1) of Title VIII of the 

Dodd-Frank Wall Street Reform and 

Consumer Protection Act entitled the 

Payment, Clearing, and Settlement 

Supervision Act of 2010 (‘‘Clearing 

Supervision Act’’) 1 and Rule 19b– 

4(n)(1)(i) under the Securities Exchange 

Act of 1934 (‘‘Exchange Act’’).2 In the 

advance notice, FICC proposes to 

modify its Government Securities 

Division (‘‘GSD’’) Rulebook (‘‘GSD 

Rules’’) to calculate, collect, and hold 

margin for proprietary transactions of a 

direct participant separately from 

margin submitted to FICC by a direct 

participant on behalf of indirect 

participants and to address conditions 

of Note H to Rule 15c3–3a under the 

Exchange Act (the ‘‘Advance Notice’’).3

The Advance Notice was published for 

public comment in the Federal Register 

on March 28, 2024.4 Upon publication 

of notice of filing of the Advance Notice, 

the Commission extended the review 

period of the Advance Notice for an 

additional 60 days because the 

Commission determined that the 

Advance Notice raised novel and 

complex issues.5

On April 24, 2024, the Commission 

requested additional information from 

FICC pursuant to Section 806(e)(1)(D) of 

the Clearing Supervision Act, which 

tolled the Commission’s period of 

review of the Advance Notice until 120 

days from the date the information 

requested by the Commission was 

received by the Commission.6 On June 

25, 2024, the Commission received 

FICC’s response to the Commission’s 

request for additional information.7 On 

September 24, 2024, the Commission 

requested additional information from 

FICC pursuant to Section 806(e)(1)(D) of 

the Clearing Supervision Act, which 

tolled the Commission’s period of 

review of the Advance Notice until 120 

days from the date the information 

requested by the Commission was 

received by the Commission.8

The Commission has received 

comments regarding the substance of 

the Advance Notice.9 The Commission 

also received a letter from FICC 

responding to the comments.10

Pursuant to Section 806(e)(1) of the 

Clearing Supervision Act and Rule 19b– 

4(n)(1)(i) under the Exchange Act, 

notice is hereby given that on October 

25, 2024, FICC filed with the 

Commission Partial Amendment No. 1 

as described in Item I below.11 The 

Commission is publishing this notice to 

solicit comments on Partial Amendment 

No. 1 from interested persons. 

I. Summary of the Terms of Substance 

of Partial Amendment No. 1 to the 

Advance Notice 

FICC filed Partial Amendment No. 1 

to its previously submitted Advance 

Notice, which would make several 

changes to FICC’s GSD Rules to (1) 

provide for FICC to calculate, collect, 

and hold margin for the proprietary 

transactions of a Netting Member 

separately and independently from the 

margin for transactions that the Netting 

Member submits to FICC on behalf of 

indirect participants; (2) simplify and 

revise the account types through which 

Members may record transactions at 

FICC and adopt a new Rule 2B to 

provide clearer public disclosures 

through the Rules regarding the GSD 

account structure; (3) allow Netting 

Members to elect for margin for indirect 

participant transactions to be calculated 

on a gross basis (i.e., an indirect 

participant-by-indirect participant basis) 

and legally segregated from the margin 

for the Netting Member’s proprietary 


khammond on DSKJM1Z7X2PROD with NOTICES