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[Federal Register Volume 90, Number 5 (Wednesday, January 8, 2025)]
[Notices]
[Pages 1560-1561]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2025-00171]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-102077; File No. SR-NSCC-2024-013]

Self-Regulatory Organizations; National Securities Clearing 
Corporation; Notice of Filing and Immediate Effectiveness of Proposed 
Rule Change To Modify the NSCC Rules & Procedures With Respect to the 
Receipt of CNS Securities

January 2, 2025.
    Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 
(``Act''),\1\ and Rule 19b-4 thereunder,\2\ notice is hereby given that 
on December 20, 2024, National Securities Clearing Corporation 
(``NSCC'') filed with the Securities and Exchange Commission 
(``Commission'') the proposed rule change as described in Item I below, 
which Item has been prepared by the clearing agency. NSCC has 
designated this proposal for immediate effectiveness pursuant to 
Section 19(b)(3)(A) of the Act \3\ and Rule 19b-4(f)(4) thereunder.\4\ 
The Commission is publishing this notice to solicit

[[Page 1561]]

comments on the proposed rule change from interested persons.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ 15 U.S.C. 78s(b)(3)(A).
    \4\ 17 CFR 240.19b-4(f)(4). At any time within 60 days of the 
filing of the 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 will institute proceedings to determine whether the 
proposed rule change should be approved or disapproved.
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I. Clearing Agency's Statement of the Terms of Substance of the 
Proposed Rule Change

    The proposed rule change consists of modifications to the NSCC 
Rules & Procedures (``Rules'') concerning the receipt of securities 
from NSCC's Continuous Net Settlement system (``CNS'') to improve the 
overall clarity of NSCC's Rules concerning CNS long allocations.\5\
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    \5\ Capitalized terms not defined herein shall have the meaning 
assigned to such terms in the Rules, available at www.dtcc.com/legal/rules-and-procedures.
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    The proposed rule change, including the NSCC's statement of the 
purpose of, and statutory basis for, the proposed rule change, is 
available on the NSCC's website at https://www.dtcc.com/legal/rules-and-procedures and on the Commission's website at https://www.sec.gov/rules-regulations/self-regulatory-organization-rulemaking.

II. 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.\6\ Comments may be submitted 
electronically by using the Commission's internet comment form (https://www.sec.gov/rules-regulations/self-regulatory-organization-rulemaking) 
or by sending an email to [email protected]. Please include file 
number SR-NSCC-2024-013 on the subject line. Alternatively, paper 
comments may be sent to Secretary, Securities and Exchange Commission, 
100 F Street NE, Washington, DC 20549-1090. All submissions should 
refer to file number SR-SRO-2024-013. 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-regulations/self-regulatory-organization-rulemaking).
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    \6\ 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 SRO.
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    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-NSCC-2024-013 and should 
be submitted on or before January 29, 2025.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\7\
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    \7\ 17 CFR 200.30-3(a)(12).
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J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2025-00171 Filed 1-7-25; 8:45 am]
BILLING CODE 8011-01-P
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