```

[Federal Register Volume 89, Number 242 (Tuesday, December 17, 2024)]
[Notices]
[Page 102207]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-29627]

-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-101880; File No. SR-FICC-2024-009]

Self-Regulatory Organizations; Fixed Income Clearing Corporation; 
Notice of Designation of Longer Period for Commission Action on 
Proceedings To Determine Whether To Approve or Disapprove a Proposed 
Rule Change, as Modified by Partial Amendment No. 1, Relating to the 
Adoption of a Trade Submission Requirement

December 11, 2024.
    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)(1) of 
the Securities Exchange Act of 1934 (``Act'') \1\ and Rule 19b-4 
thereunder.\2\ The notice of filing of the proposed rule change was 
published for comment in the Federal Register on July 1, 2024.\3\ On 
August 16, 2024, the Commission extended the review period of the 
proposed rule change, pursuant to section 19(b)(2) of the Act,\4\ by 
which the Commission shall either approve, disapprove, or institute 
proceedings to determine whether to disapprove the proposed rule 
change.\5\ The Commission has received comments regarding the proposed 
rule change.\6\
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ Securities Exchange Act Release No. 100417 (June 25, 2024), 
89 FR 54602 (July 1, 2024) (File No. SR-FICC-2024-009) (``Notice of 
Filing'').
    \4\ 15 U.S.C. 78s(b)(2).
    \5\ Securities Exchange Act Release No. 100693 (Aug. 12, 2024), 
89 FR 66746 (Aug. 16, 2024) (File No. SR-FICC-2024-009).
    \6\ Comments on the Proposed Rule Change are available at 
https://www.sec.gov/comments/sr-ficc-2024-009/srficc2024009.htm.
---------------------------------------------------------------------------

    On October 2, 2024, the Commission instituted proceedings, pursuant 
to Section 19(b)(2)(B) of the Exchange Act,\7\ to determine whether to 
approve or disapprove the proposed rule change.\8\ On September 24, 
2024, FICC filed Partial Amendment No. 1 to make clarifications and 
corrections to the proposed rule change.\9\ The Commission published 
notice of Partial Amendment No. 1 in the Federal Register on October 
21, 2024.\10\ The proposed rule change, as modified by Partial 
Amendment No. 1, is referred to herein as the ``Proposed Rule Change.''
---------------------------------------------------------------------------

    \7\ 15 U.S.C. 78s(b)(2)(B).
    \8\ Securities Exchange Act Release No. 101194 (Sept. 26, 2024), 
89 FR 80296 (Oct. 2, 2024) (SR-FICC-2024-009).
    \9\ Text of the proposed changes made by the Partial Amendment 
No. 1 to the Proposed Rule Change is available at https://www.sec.gov/comments/sr-ficc-2024-009/srficc2024009-524075-1504142.pdf.
    \10\ Securities Exchange Act Release No. 101340 (Oct. 15, 2024), 
89 FR 84211 (Oct. 21, 2024) (File No. SR-FICC-2024-009) (``Notice of 
Amendment No. 1'').
---------------------------------------------------------------------------

    Section 19(b)(2) of the Exchange Act \11\ provides that proceedings 
to determine whether to approve or disapprove a proposed rule change 
must be concluded within 180 days of the date of publication of notice 
of filing of the proposed rule change. The time for conclusion of the 
proceedings may be extended for up to 60 days if the Commission 
determines that a longer period is appropriate and publishes the 
reasons for such determination.\12\ The 180th day after publication of 
the Notice of Filing in the Federal Register is December 28, 2024.
---------------------------------------------------------------------------

    \11\ 15 U.S.C. 78s(b)(2).
    \12\ 15 U.S.C 78s(b)(2)(B)(ii)(II).
---------------------------------------------------------------------------

    The Commission is extending the period for Commission action on the 
Proposed Rule Change, as modified by Partial Amendment No. 1. The 
Commission finds that it is appropriate to designate a longer period 
within which to take action on the Proposed Rule Change so that the 
Commission has sufficient time to consider the issues raised by the 
Proposed Rule Change and to take action on the Proposed Rule Change. 
Accordingly, pursuant to Section 19(b)(2)(B)(ii)(II) of the Exchange 
Act,\13\ the Commission designates February 26, 2025, as the date by 
which the Commission should either approve or disapprove the Proposed 
Rule Change SR-FICC-2024-009.
---------------------------------------------------------------------------

    \13\ Id.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\14\
---------------------------------------------------------------------------

    \14\ 17 CFR 200.30-3(a)(57).
---------------------------------------------------------------------------

Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024-29627 Filed 12-16-24; 8:45 am]
BILLING CODE 8011-01-P
```