32702 Federal Register / Vol. 86, No. 117 / Tuesday, June 22, 2021 / Notices 

9. Date: July 22, 2021 

This video meeting will discuss 

applications on the topic of Higher 

Education, for the Infrastructure and 

Capacity Building Challenge Grants 

program, submitted to the Division of 

Challenge Programs. 

10. Date: July 22, 2021 

This video meeting will discuss 

applications on the topics of Social 

Sciences and History, for the Awards for 

Faculty grant program, submitted to the 

Division of Research Programs. 

11. Date: July 22, 2021 

This video meeting will discuss 

applications on the topics of U.S. 

History and Politics, for the Awards for 

Faculty grant program, submitted to the 

Division of Research Programs. 

12. Date: July 23, 2021 

This video meeting will discuss 

applications on the topics of Global 

History and Studies, for the Awards for 

Faculty grant program, submitted to the 

Division of Research Programs. 

13. Date: July 26, 2021 

This video meeting will discuss 

applications on the topics of History, 

Philosophy, and Religion, for the 

Awards for Faculty grant program, 

submitted to the Division of Research 

Programs. 

14. Date: July 27, 2021 

This video meeting will discuss 

applications on the topics of 

Comparative European and Latin 

American Literatures, for the Awards for 

Faculty grant program, submitted to the 

Division of Research Programs. 

15. Date: July 27, 2021 

This video meeting will discuss 

applications on the topics of American 

Literature, Studies, Media, and 

Communications, for the Awards for 

Faculty grant program, submitted to the 

Division of Research Programs. 

16. Date: July 28, 2021 

This video meeting will discuss 

applications on the topics of British and 

European Literature, for the Fellowships 

grant program, submitted to the Division 

of Research Programs. 

17. Date: July 28, 2021 

This video meeting will discuss 

applications on the topic of Arts, for the 

Awards for Faculty grant program, 

submitted to the Division of Research 

Programs. 

18. Date: July 29, 2021 

This video meeting will discuss 

applications on the topics of African 

and Asian Studies, for the Fellowships 

grant program, submitted to the Division 

of Research Programs. 

19. Date: July 29, 2021 

This video meeting will discuss 

applications on the topics of European 

History and Political Theory, for the 

Fellowships grant program, submitted to 

the Division of Research Programs. 

20. Date: July 30, 2021 

This video meeting will discuss 

applications on the topics of Latin 

American Studies and American 

Studies, for the Fellowships grant 

program, submitted to the Division of 

Research Programs. 

21. Date: July 30, 2021 

This video meeting will discuss 

applications on the topics of Social 

Sciences and History of Science, for the 

Fellowships grant program, submitted to 

the Division of Research Programs. 

Because these meetings will include 

review of personal and/or proprietary 

financial and commercial information 

given in confidence to the agency by 

grant applicants, the meetings will be 

closed to the public pursuant to sections 

552b(c)(4) and 552b(c)(6) of Title 5, 

U.S.C., as amended. I have made this 

determination pursuant to the authority 

granted me by the Chairman’s 

Delegation of Authority to Close 

Advisory Committee Meetings dated 

April 15, 2016. 

Dated: June 16, 2021. 

Elizabeth Voyatzis, 

Committee Management Officer. 

[FR Doc. 2021–13086 Filed 6–21–21; 8:45 am] 

BILLING CODE 7536–01–P 

NATIONAL FOUNDATION ON THE 

ARTS AND THE HUMANITIES 

National Endowment for the 

Humanities 

Meeting of National Council on the 

Humanities 

AGENCY: National Endowment for the 

Humanities; National Foundation on the 

Arts and the Humanities. 

ACTION: Notice of meeting. 

SUMMARY: Pursuant to the Federal 

Advisory Committee Act, notice is 

hereby given that the National Council 

on the Humanities will meet to advise 

the Chairman of the National 

Endowment for the Humanities (NEH) 

with respect to policies, programs and 

procedures for carrying out his 

functions; to review applications for 

financial assistance under the National 

Foundation on the Arts and Humanities 

Act of 1965 and make recommendations 

thereon to the Chairman; and to 

consider gifts offered to NEH and make 

recommendations thereon to the 

Chairman. 

DATES: The meeting will be held on 

Thursday, July 8, 2021, from 11:00 a.m. 

until 2:30 p.m., and Friday, July 9, 2021, 

from 11:00 a.m. until adjourned. 

ADDRESSES: The meeting will be held by 

videoconference originating at 

Constitution Center, 400 7th Street SW, 

Washington, DC 20506. 

FOR FURTHER INFORMATION CONTACT: 

Elizabeth Voyatzis, Committee 

Management Officer, 400 7th Street SW, 

4th Floor, Washington, DC 20506; (202) 

606–8322; evoyatzis@neh.gov. 

SUPPLEMENTARY INFORMATION: The 

National Council on the Humanities is 

meeting pursuant to the National 

Foundation on the Arts and Humanities 

Act of 1965 (20 U.S.C. 951–960, as 

amended). The following Committees of 

the National Council on the Humanities 

will convene by videoconference on 

July 8, 2021, from 11:00 a.m. until 2:30 

p.m., to discuss specific grant 

applications and programs before the 

Council: 

Digital Humanities; 

Education Programs; 

Federal/State Partnership; 

Preservation and Access; 

Public Programs; and 

Research Programs. 

The plenary session of the National 

Council on the Humanities will convene 

by videoconference on July 9, 2021, at 

11:00 a.m. The agenda for the plenary 

session will be as follows: 

A. Minutes of Previous Meetings 

B. Reports 

1. Acting Chairman’s Remarks 

2. Chief of Staff’s Remarks 

3. Reports on Policy and General 

Matters 

C. Digital Humanities 

D. Education Programs 

E. Federal/State Partnership 

F. Preservation and Access 

G. Public Programs 

H. Research Programs 

This meeting of the National Council 

on the Humanities will be closed to the 

public pursuant to sections 552b(c)(4), 

552b(c)(6), and 552b(c)(9)(B) of Title 5 

U.S.C., as amended, because it will 

include review of personal and/or 

proprietary financial and commercial 

information given in confidence to the 

agency by grant applicants, and 

discussion of certain information, the 

premature disclosure of which could 

significantly frustrate implementation of 

proposed agency action. I have made 


lotter on DSK11XQN23PROD with NOTICES1
Federal Register / Vol. 86, No. 117 / Tuesday, June 22, 2021 / Notices 32703 

1 15 U.S.C. 78m(n)(1); 17 CFR 240.13n–1. A copy 

of ICE Trade Vault’s application on Form SDR and 

all non-confidential exhibits and amendments 

thereto are available for public viewing on the 

Commission’s website. In 2016, ICE Trade Vault 

submitted a prior application for registration as an 

SDR. See Release No. 77699 (Apr. 22, 2016), 81 FR 

25475 (Apr. 28, 2016); Release No. 34–81223 (July 

27, 2017), 82 FR 35844 (Aug. 1, 2017). ICE Trade 

Vault withdrew this prior application in 2018. See 

Letter from Kara Dutta, General Counsel, ICE Trade 

Vault, Mar. 23, 2018, https://www.sec.gov/ 

divisions/marketreg/sdr/ice-trade-vault-sdrapplication-withdrawal-letter-032318.pdf. 

2 15 U.S.C. 78k–1(b). 

3Release No. 34–91331 (Mar. 16, 2021), 86 FR 

14968 (Mar. 19, 2021) (‘‘ICE Trade Vault Notice’’). 

4Letter from Eleanor Hsu, Director, Data and 

Reporting, ISDA, dated Apr. 9, 2021 (‘‘ISDA 

Letter’’). 

5 15 U.S.C. 78m(n). 

6 Id. 

7See Release No. 34–74246 (Feb. 11, 2015), 80 FR 

14438, 14438 (Mar. 19, 2015) (‘‘SDR Adopting 

Release’’). In 2016, the Commission subsequently 

amended 17 CFR 240.13n–4 to address third-party 

regulatory access to SBS data obtained by an SDR. 

See Release No. 34–78716 (Aug. 29, 2016), 81 FR 

60585 (Sep. 2, 2016). 

8See Release No. 34–80359 (Mar. 31, 2017), 82 FR 

16867 (Apr. 6, 2017). 

9Release No. 34–74244 (Feb. 11, 2015), 80 FR 

14563 (Mar. 19, 2015); Release No. 34–78321 (July 

14, 2016), 81 FR 53546 (Aug. 12, 2016) (‘‘Regulation 

SBSR Adopting Release’’). Regulation SBSR and the 

SDR Rules are referred to collectively as the ‘‘SBS 

Reporting Rules.’’ 

10See 17 CFR 242.909. 

11See Form SDR, Instruction 2. 

12Release No. 34–87780 (Dec. 18, 2019), 85 FR 

6270, 6347 (Feb. 4, 2020) (‘‘ANE Adopting 

Release’’). 

13See id. Under Regulation SBSR, the first 

compliance date (‘‘Compliance Date 1’’) for affected 

persons with respect to an SBS asset class is the 

first Monday that is the later of: (i) Six months after 

the date on which the first SDR that can accept 

transaction reports in that asset class registers with 

the Commission; or (ii) one month after the 

compliance date for registration of SBS dealers and 

major SBS participants (‘‘SBS entities’’). Id. at 6346. 

The compliance date for registration of SBS entities 

is October 6, 2021. See id. at 6270, 6345. 

14See id. The specific rule provisions of the SBS 

Reporting Rules affected by the no-action statement 

are discussed in Part II.B. 

15See 15 U.S.C. 78m(n)(3). 

this determination pursuant to the 

authority granted me by the Chairman’s 

Delegation of Authority to Close 

Advisory Committee Meetings dated 

April 15, 2016. 

Dated: June 16, 2021. 

Elizabeth Voyatzis, 

Committee Management Officer. 

[FR Doc. 2021–13084 Filed 6–21–21; 8:45 am] 

BILLING CODE 7536–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–92189; File No. SBSDR– 

2021–01] 

Security-Based Swap Data 

Repositories; ICE Trade Vault, LLC; 

Order Approving Application for 

Registration as a Security-Based Swap 

Data Repository 

June 16, 2021. 

I. Introduction 

On February 11, 2021, ICE Trade 

Vault, LLC (‘‘ICE Trade Vault’’) filed 

with the Securities and Exchange 

Commission (‘‘Commission’’) an 

application on Form SDR to register as 

a security-based swap data repository 

(‘‘SDR’’) pursuant to Section 13(n)(1) of 

the Securities Exchange Act of 1934 

(‘‘Exchange Act’’) and 17 CFR 240.13n– 

1 (‘‘Rule 13n–1’’) thereunder,1 and as a 

securities information processor (‘‘SIP’’) 

under Section 11A(b) of the Exchange 

Act.2 ICE Trade Vault amended its 

application on March 10, March 11, and 

April 14, 2021 (collectively, the ‘‘ITV 

Application’’). ICE Trade Vault intends 

to operate as a registered SDR for 

security-based swap (‘‘SBS’’) 

transactions in the credit derivatives 

asset class. 

The Commission published notice of 

the ITV Application in the Federal 

Register for public comment on March 

19, 2021,3 and the Commission received 

in response one comment letter from the 

International Swaps and Derivatives 

Association, Inc. (‘‘ISDA’’).4 While 

generally supportive of the ITV 

Application, the ISDA Letter includes 

several requests related to regulatory 

reporting and public dissemination, 

which are addressed in Part III.G. As 

discussed in Parts III and IV below, the 

Commission has carefully reviewed the 

ITV Application and the comment 

received. This order grants ICE Trade 

Vault’s application to register as an SDR 

in the asset classes noted above, and as 

a SIP. 

II. Background 

A. SDR Registration, Duties, and Core 

Principles 

Section 13(n) of the Exchange Act 

makes it unlawful for any person, unless 

registered with the Commission, 

directly or indirectly, to make use of the 

mails or any means or instrumentality of 

interstate commerce to perform the 

functions of an SDR.5 To be registered 

and maintain registration, an SDR must 

comply with certain requirements and 

core principles described in Section 

13(n), as well as any requirements that 

the Commission may impose by rule or 

regulation.6 In 2015, the Commission 

adopted 17 CFR 240.13n–1 to 13n–12 

under the Exchange Act to establish 

Form SDR, the procedures for 

registration as an SDR, and the duties 

and core principles applicable to an 

SDR (‘‘SDR Rules’’).7 The Commission 

provided a temporary exemption from 

compliance with the SDR Rules and also 

extended exemptions from the 

provisions of the Dodd-Frank Act set 

forth in a Commission order providing 

temporary exemptions and other 

temporary relief from compliance with 

certain provisions of the Exchange Act 

concerning security-based swaps, and 

these temporary exemptions expired in 

2017.8

The Commission also has adopted 17 

CFR 242.900 to 909 under the Exchange 

Act (collectively, ‘‘Regulation SBSR’’), 

which governs regulatory reporting and 

public dissemination of security-based 

swap transactions.9 Among other things, 

Regulation SBSR requires each 

registered SDR to register with the 

Commission as a SIP,10 and the Form 

SDR constitutes an application for 

registration as a SIP, as well as an 

SDR.11

In 2019, the Commission stated that 

implementation of the SBS Reporting 

Rules can and should be done in a 

manner that carries out the fundamental 

policy goals of the SBS Reporting Rules 

while minimizing burdens as much as 

practicable.12 Noting ongoing concerns 

among market participants about 

incurring unnecessary burdens and the 

Commission’s efforts to promote 

harmonization between the SBS 

Reporting Rules and swap reporting 

rules, the Commission took the position 

that, for four years following Regulation 

SBSR’s Compliance Date 1 in each asset 

class,13 certain actions with respect to 

the SBS Reporting Rules would not 

provide a basis for a Commission 

enforcement action.14 The no-action 

statement’s relevance to ICE Trade 

Vault’s application for registration as an 

SDR and SIP is discussed further below. 

B. Standard for Registration 

As noted above, to be registered with 

the Commission as an SDR and 

maintain such registration, an SDR is 

required to comply with the 

requirements and core principles 

described in Section 13(n) of the 

Exchange Act, as well as with any 

requirement that the Commission may 

impose by rule or regulation.15 In 

addition, Rule 13n–1(c)(3) under the 

Exchange Act provides that the 

Commission shall grant the registration 

of an SDR if it finds that the SDR is so 

organized, and has the capacity, to be 

able to: (i) Assure the prompt, accurate, 

and reliable performance of its functions 

as an SDR; (ii) comply with any 

applicable provisions of the securities 

laws and the rules and regulations 


lotter on DSK11XQN23PROD with NOTICES1