9352 Federal Register / Vol. 90, No. 27 / Tuesday, February 11, 2025 / Notices 

6 17 CFR 200.30–3(a)(12). 

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

2 17 CFR 240.19b–4. 

3See Notice of Filing infra note 4, at 89 FR 65695. 

4Securities Exchange Act Release No. 100664 

(Aug. 6, 2024), 89 FR 65695 (Aug. 12, 2024) (File 

No. SR–OCC–2024–010) (‘‘Notice of Filing’’). 

5See OCC Info Memo #55123, Intraday Risk 

Monitoring (dated Aug. 30, 2024), available at 

https://infomemo.theocc.com/infomemos?

number=55123. The amendment did not change the 

purpose or basis of the proposed rule change. 

6 15 U.S.C. 78s(b)(2). 

7Securities Exchange Act Release No. 101193 

(Sept. 25, 2024), 89 FR 79977 (Oct. 1, 2024) (File 

No. SR–OCC–2024–010). 

8 15 U.S.C. 78s(b)(2)(B). 

9See Securities Exchange Act Release No. 101551 

(Nov. 7, 2024), 89 FR 90155 (Nov. 14, 2024) (File 

No. SR–OCC–2024–010). 

10See Exchange Act Release No. 101446 (Oct. 25, 

2024), 89 FR 91000 (Nov 18, 2024) (File No. S7– 

10–23) (‘‘Covered Clearing Agency Resilience and 

Recovery and Orderly Wind-Down Plans’’). 

11 15 U.S.C. 78s(b)(2). 

12Securities Exchange Act Release No. 102202 

(Jan. 15, 2025), 90 FR 7722 (Jan. 22, 2025) (File No. 

SR–OCC–2024–010) (‘‘Notice of Filing of 

Amendment No. 3’’). 

13Comments on the proposed rule change are 

available at https://www.sec.gov/comments/sr-occ2024-010/srocc2024010.htm. 

14 15 U.S.C. 78s(b)(2). 

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

16 Id. 

17 17 CFR 200.30–3(a)(57). 

the Commission’s internet website 

(https://www.sec.gov/rules-regulations/ 

self-regulatory-organizationrulemaking/national-securitiesexchanges?file_number=SR-BX-2025- 

007). 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–BX–2025–007 and should be 

submitted on or before March 4, 2025. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.6

Sherry R. Haywood, 

Assistant Secretary. 

[FR Doc. 2025–02433 Filed 2–10–25; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–102358; File No. SR–OCC– 

2024–010] 

Self-Regulatory Organizations; 

Options 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 and Amendments Nos. 2 and 3, by 

The Options Clearing Corporation To 

Establish a Margin Add-On Charge 

That Would Be Applied to All Clearing 

Member Accounts To Help Mitigate the 

Risks Arising From Intraday and 

Overnight Trading Activity 

February 5, 2025. 

On July 25, 2024, the Options 

Clearing Corporation (‘‘OCC’’) filed with 

the Securities and Exchange 

Commission (‘‘Commission’’) the 

proposed rule change SR–OCC–2024– 

010, pursuant to Section 19(b) of the 

Securities Exchange Act of 1934 

(‘‘Exchange Act’’) 1 and Rule 19b–4 2

thereunder, to establish a margin add-on 

charge that would be applied to all 

Clearing Member accounts to assist with 

mitigating the risks arising from 

intraday and overnight trading activity, 

particularly activity attributable to 

short-dated options trading.3 The 

proposed rule change was published for 

public comment in the Federal Register 

on August 12, 2024.4

On September 4, 2024, OCC partially 

amended the proposed rule change to 

include as Exhibit 2 an information 

memorandum OCC published on its 

website informing OCC’s membership of 

the details of the margin add-on charge.5

On September 25, 2024, pursuant to 

Section 19(b)(2) of the Exchange Act,6

the Commission issued a Notice of 

Filing of Partial Amendment No. 1 and 

designated a longer period within which 

to approve, disapprove, or institute 

proceedings to determine whether to 

approve or disapprove the proposed 

rule change, as modified by Partial 

Amendment No. 1.7 On November 7, 

2024, the Commission instituted 

proceedings, pursuant to Section 

19(b)(2)(B) of the Exchange Act,8 to 

determine whether to approve or 

disapprove the proposed rule change, as 

modified by Partial Amendment No. 1.9

On January 8, 2025, OCC filed 

Amendment No. 2 to the proposed rule 

change to (1) incorporate certain 

modifications to address comments 

from industry participants, (2) conform 

the proposed rule change to the 

Commission’s final rule amending the 

Covered Clearing Agency (‘‘CCA’’) 

Standards regarding intraday margin 

calls,10 and (3) extend the 

implementation timeframe in response 

to industry concerns about the need for 

additional time to prepare for the 

proposed changes. On January 14, 2025, 

OCC filed Amendment No. 3 to the 

proposed rule change, which supersedes 

Amendment No. 2, to correct 

typographical and formatting errors 

(hereinafter ‘‘Proposed Rule Change’’). 

On January 15, 2025, pursuant to 

Section 19(b)(2) of the Exchange Act,11

the Commission issued a Notice of 

Filing of Amendment No. 3.12 The 

Commission has received comments 

regarding the Proposed Rule Change.13

Section 19(b)(2) of the Exchange 

Act 14 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.15 The 

180th day after publication of the Notice 

of Filing in the Federal Register is 

February 8, 2025. 

The Commission is extending the 

period for Commission action on the 

Proposed Rule Change. 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,16

the Commission designates April 9, 

2025, as the date by which the 

Commission should either approve or 

disapprove the Proposed Rule Change 

SR–OCC–2024–010. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.17

Sherry R. Haywood, 

Assistant Secretary. 

[FR Doc. 2025–02432 Filed 2–10–25; 8:45 am] 

BILLING CODE 8011–01–P 

SMALL BUSINESS ADMINISTRATION 

National Small Business Development 

Center Advisory Board 

AGENCY: Small Business Administration. 

ACTION: Notice of meeting cancellation. 

SUMMARY: In accordance with the 

Federal Advisory Committee Act, the 

U.S. Small Business Administration 

(SBA) announces that the planned 

meeting on February 12, 2025, of the 

National Small Business Development 

Center Advisory Board (NSBDCAB) is 

cancelled. 

FOR FURTHER INFORMATION CONTACT: 

Rachel Karton, Designated Federal 


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