88102 Federal Register / Vol. 89, No. 215 / Wednesday, November 6, 2024 / Notices 

19 15 U.S.C. 78q–1(b)(3)(F). 

20 Id. 

21 Id. 

22 15 U.S.C. 78q–1. 

23 15 U.S.C. 78s(b)(2). 

24 In approving the Proposed Rule Change, the 

Commission considered its impact on efficiency, 

competition, and capital formation. 15 U.S.C. 78c(f). 25 17 CFR 200.30–3(a)(12). 

Commission finds that the Proposed 

Rule Change is consistent with Section 

17A(b)(3)(F) of the Act.19

A. Consistency With Section 

17A(b)(3)(F) of the Act 

Section 17A(b)(3)(F) of the Act 

requires that the rules of a clearing 

agency, such as NSCC, be designed to, 

among other things, promote the prompt 

and accurate clearance and settlement of 

securities transactions.20 The 

Commission believes that the Proposed 

Rule Change is consistent with Section 

17A(b)(3)(F) of the Act for the reasons 

stated below. 

The Proposed Rule Change would 

modify the NSCC Rules to reflect the 

decommission of the ID Net Service. As 

discussed in Parts II and III, ID Net is 

an underused service that is 

operationally complex to maintain, and 

its main benefit is to broker/dealers’ 

streamline clearance and settlement of 

ID Net-eligible Affirmed Transactions, 

which may otherwise settle on a tradefor-trade basis. As such, ID Net’s 

decommission would have minimal 

impact on NSCC and its Members 

considering its limited usage. Affirmed 

Transactions that would have otherwise 

been directed to ID Net will settle tradefor-trade directly between 

counterparties, like most other Affirmed 

Transactions currently do. Therefore, 

these transactions will continue to settle 

promptly and accurately, as other 

Affirmed Transactions do, outside of the 

ID Net Service. For these reasons, the 

Commission finds that the Proposed 

Rule Change should continue to support 

NSCC’s ability to provide prompt and 

accurate clearance and settlement of 

securities transactions, consistent with 

Section 17A(b)(3)(F) of the Act.21

V. Conclusion 

On the basis of the foregoing, the 

Commission finds that the Proposed 

Rule Change is consistent with the 

requirements of the Act, and in 

particular, with the requirements of 

Section 17A of the Act 22 and the rules 

and regulations promulgated 

thereunder. 

It is therefore ordered, pursuant to 

Section 19(b)(2) of the Act 23 that 

proposed rule change SR–NSCC–2024– 

008, be, and hereby is, approved.24

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.25

Vanessa A. Countryman, 

Secretary. 

[FR Doc. 2024–25727 Filed 11–5–24; 8:45 am] 

BILLING CODE 8011–01–P 

SMALL BUSINESS ADMINISTRATION 

[Disaster Declaration #20705 and #20706; 

VIRGINIA Disaster Number VA–20011] 

Presidential Declaration Amendment of 

a Major Disaster for the 

Commonwealth of Virginia 

AGENCY: U.S. Small Business 

Administration. 

ACTION: Amendment 4. 

SUMMARY: This is an amendment of the 

Presidential declaration of a major 

disaster for the Commonwealth of 

Virginia (FEMA–4831–DR), dated 

October 1, 2024. 

Incident: Tropical Storm Helene. 

DATES: Issued on October 25, 2024. 

Incident Period: September 25, 2024 

through October 3, 2024. 

Physical Loan Application Deadline 

Date: December 2, 2024. 

Economic Injury (EIDL) Loan 

Application Deadline Date: July 1, 2025. 

ADDRESSES: Visit the MySBA Loan 

Portal at https://lending.sba.gov to 

apply for a disaster assistance loan. 

FOR FURTHER INFORMATION CONTACT: 

Alan Escobar, Office of Disaster 

Recovery & Resilience, U.S. Small 

Business Administration, 409 3rd Street 

SW, Suite 6050, Washington, DC 20416, 

(202) 205–6734. 

SUPPLEMENTARY INFORMATION: The notice 

of the President’s major disaster 

declaration for the Commonwealth of 

Virginia, dated October 1, 2024, is 

hereby amended to update the incident 

period for this disaster as beginning 

September 25, 2024 and continuing 

through October 3, 2024. 

All other information in the original 

declaration remains unchanged. 

(Catalog of Federal Domestic Assistance 

Number 59008) 

Alejandro Contreras, 

Acting Deputy Associate Administrator, 

Office of Disaster Recovery & Resilience. 

[FR Doc. 2024–25744 Filed 11–5–24; 8:45 am] 

BILLING CODE 8026–09–P 

SMALL BUSINESS ADMINISTRATION 

[Disaster Declaration #20757 and #20758; 

VIRGINIA Disaster Number VA–20013] 

Presidential Declaration Amendment of 

a Major Disaster for Public Assistance 

Only for the Commonwealth of Virginia 

AGENCY: U.S. Small Business 

Administration. 

ACTION: Amendment 1. 

SUMMARY: This is an amendment of the 

Presidential declaration of a major 

disaster for Public Assistance Only for 

the Commonwealth of Virginia (FEMA– 

4831–DR), dated October 10, 2024. 

Incident: Tropical Storm Helene. 

DATES: Issued on October 25, 2024. 

Incident Period: September 25, 2024 

through October 3, 2024. 

Physical Loan Application Deadline 

Date: December 9, 2024. 

Economic Injury (EIDL) Loan 

Application Deadline Date: July 10, 

2025. 

ADDRESSES: Visit the MySBA Loan 

Portal at https://lending.sba.gov to 

apply for a disaster assistance loan. 

FOR FURTHER INFORMATION CONTACT: 

Alan Escobar, Office of Disaster 

Recovery & Resilience, U.S. Small 

Business Administration, 409 3rd Street 

SW, Suite 6050, Washington, DC 20416, 

(202) 205–6734. 

SUPPLEMENTARY INFORMATION: The notice 

of the President’s major disaster 

declaration for Private Non-Profit 

organizations in the Commonwealth of 

Virginia, dated October 10, 2024 is 

hereby amended to update the incident 

period for this disaster as beginning 

September 25, 2024 and continuing 

through October 3, 2024. 

All other information in the original 

declaration remains unchanged. 

(Catalog of Federal Domestic Assistance 

Number 59008) 

Alejandro Contreras, 

Acting Deputy Associate Administrator, 

Office of Disaster Recovery & Resilience. 

[FR Doc. 2024–25761 Filed 11–5–24; 8:45 am] 

BILLING CODE 8026–09–P 

SMALL BUSINESS ADMINISTRATION 

[Disaster Declaration #20757 and #20758; 

VIRGINIA Disaster Number VA–20013] 

Presidential Declaration Amendment of 

a Major Disaster for Public Assistance 

Only for the Commonwealth of Virginia 

AGENCY: U.S. Small Business 

Administration. 

ACTION: Amendment 2. 


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