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[Federal Register Volume 90, Number 20 (Friday, January 31, 2025)]
[Notices]
[Pages 8728-8729]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2025-01988]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-102284; File No. SR-OCC-2025-001]

Self-Regulatory Organizations; The Options Clearing Corporation; 
Notice of Filing and Immediate Effectiveness of Proposed Rule Change To 
Update The Options Clearing Corporation's Risk Policies

January 27, 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 January 17, 2025, The Options Clearing Corporation (``Clearing 
Agency'') filed with the Securities and Exchange Commission 
(``Commission'') the proposed rule change as described in Item I below, 
which Items has been substantially prepared primarily by the Clearing 
Agency. The Clearing Agency has designated this proposal for immediate 
effectiveness pursuant to Section 19(b)(3)(A) of the Act \3\ and Rule 
19b-4(f)(1) thereunder.\4\ The Commission is publishing this notice to 
solicit 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)(1). 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 Clearing Agency proposes to revise its Risk Management 
Framework, Corporate Risk Management Policy, and Default Management 
Policy (collectively, the ``Clearing Agency Policies''). The proposed 
changes are designed to update the Clearing Agency Policies to better 
align the descriptions therein with the Clearing Agency's current 
practices and make other non-substantive, clarifying, conforming and 
administrative changes. These changes are designed to enhance the 
clarity of OCC's internal governance arrangements and are not expected 
to have any impact on OCC's Clearing Members or other market 
participants.
    The proposed rule change, including the Clearing Agency's statement 
of the purpose of, and statutory basis for, the proposed rule change, 
is available on the Clearing Agency's website at https://www.theocc.com 
and on the Commission's website at https://www.sec.gov/rules-regulations/self-regulatory-organization-rulemaking/%20OCC?file_number=SR-OCC-2025-001.

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.\5\ Comments may be submitted 
electronically by using the Commission's internet comment form (https://www.sec.gov/rules-regulations/self-regulatory-organization-rulemaking/national-securities-exchanges?file_number=SR-OCC-2025-001) or by 
sending an email to [email protected]. Please include file number 
SR-OCC-2025-001 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-OCC-2025-001. 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/national-securities-exchanges?file_number=SR-OCC-2025-001). 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

[[Page 8729]]

submitted material that is obscene or subject to copyright protection. 
All submissions should refer to file number SR-OCC-2025-001 and should 
be submitted on or before February 21, 2025.
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    \5\ 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.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\6\
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    \6\ 17 CFR 200.30-3(a)(12).
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Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2025-01988 Filed 1-30-25; 8:45 am]
BILLING CODE 8011-01-P
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