22276 Federal Register / Vol. 87, No. 72 / Thursday, April 14, 2022 / Notices 

13 17 CFR 240.17Ad–22(e)(17)(i). 

14 17 CFR 240.17Ad–22(e)(17)(i). 

15 17 CFR 200.30–3(a)(12). 

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

2 17 CFR 240.19b–4. 

which provides that ‘‘[e]ach covered 

clearing agency shall establish, 

implement, maintain and enforce 

written policies and procedures 

reasonable designed to, as applicable 

[. . .] manage the clearing agency’s 

operational risks by identifying the 

plausible sources of operational risk, 

both internal and external, and 

mitigating their impact through the use 

of appropriate systems, policies, 

procedures, and controls’’.13 The 

amendments to the Operational Risk 

Management Policy facilitate ongoing 

identification of operational risks and 

better mitigate their impact through 

improved procedures and controls 

resulting from more detailed governance 

and review processes with respect to 

risk identification, assessment, 

management, monitoring and reporting. 

In ICE Clear Europe’s view, the 

amendments are therefore consistent 

with the requirements of Rule 17Ad– 

22(e)(17)(i).14

(B) Clearing Agency’s Statement on 

Burden on Competition 

ICE Clear Europe does not believe the 

proposed amendments would have any 

impact, or impose any burden, on 

competition not necessary or 

appropriate in furtherance of the 

purposes of the Act. The amendments 

are being adopted to update and clarify 

the Clearing House’s Operational Risk 

Management Policy and to adopt the 

Risk Identification Framework, all of 

which relate to the Clearing House’s 

internal processes for operational risk 

management. ICE Clear Europe does not 

believe the amendments and adoption 

would affect the costs of clearing, the 

ability of market participants to access 

clearing, or the market for clearing 

services generally. Therefore, ICE Clear 

Europe does not believe the proposed 

rule change imposes any burden on 

competition that is inappropriate in 

furtherance of the purposes of the Act. 

(C) Clearing Agency’s Statement on 

Comments on the Proposed Rule 

Change Received From Members, 

Participants or Others 

Written comments relating to the 

proposed amendments have not been 

solicited or received by ICE Clear 

Europe. ICE Clear Europe will notify the 

Commission of any written comments 

received with respect to the proposed 

rule change and adoption. 

III. Date of Effectiveness of the 

Proposed Rule Change and Timing for 

Commission Action 

Within 45 days of the date of 

publication of this notice in the Federal 

Register or within such longer period 

up to 90 days (i) as the Commission may 

designate if it finds such longer period 

to be appropriate and publishes its 

reasons for so finding or (ii) as to which 

the self-regulatory organization 

consents, the Commission will: 

(A) By order approve or disapprove 

such proposed rule change, or 

(B) institute proceedings to determine 

whether the proposed rule change 

should be disapproved. 

IV. 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. 

Comments may be submitted by any of 

the following methods: 

Electronic Comments 

• Use the Commission’s internet 

comment form (http://www.sec.gov/ 

rules/sro.shtml) or 

• Send an email to rule-comments@

sec.gov. Please include File Number SR– 

ICEEU–2022–008 on the subject line. 

Paper Comments 

• Send paper comments in triplicate 

to Secretary, Securities and Exchange 

Commission, 100 F Street NE, 

Washington, DC 20549–1090. 

All submissions should refer to File 

Number SR–ICEEU–2022–008. This file 

number should be included on the 

subject line if email is used. 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 (http://www.sec.gov/ 

rules/sro.shtml). 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 

10:00 a.m. and 3:00 p.m. Copies of such 

filings will also be available for 

inspection and copying at the principal 

office of ICE Clear Europe and on ICE 

Clear Europe’s website at https://

www.theice.com/clear-europe/ 

regulation. All comments received will 

be posted without change. Persons 

submitting comments are cautioned that 

we do not redact or edit personal 

identifying information from comment 

submissions. You should submit only 

information that you wish to make 

available publicly. All submissions 

should refer to File Number SR–ICEEU– 

2022–008 and should be submitted on 

or before May 5, 2022. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.15

Jill M. Peterson, 

Assistant Secretary. 

[FR Doc. 2022–07950 Filed 4–13–22; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–94650; File No. SR–ICC– 

2022–004] 

Self-Regulatory Organizations; ICE 

Clear Credit LLC; Notice of Filing of 

Proposed Rule Change Relating to the 

ICC Recovery Plan and the ICC WindDown Plan 

April 8, 2022. 

Pursuant to Section 19(b)(1) of the 

Securities Exchange Act of 1934 (the 

‘‘Act’’),1 and Rule 19b–4,2 notice is 

hereby given that on April 1, 2022, ICE 

Clear Credit LLC (‘‘ICC’’) filed with the 

Securities and Exchange Commission 

(the ‘‘Commission’’) the proposed rule 

change as described in Items I, II, and 

III below, which Items have been 

prepared primarily by ICC. The 

Commission is publishing this notice to 

solicit comments on the proposed rule 

change from interested persons. 

I. Clearing Agency’s Statement of the 

Terms of Substance of the Proposed 

Rule Change 

The principal purpose of the 

proposed rule change is to revise the 

ICC Recovery Plan and the ICC WindDown Plan (collectively, the ‘‘Plans’’). 

These revisions do not require any 

changes to the ICC Clearing Rules (the 

‘‘Rules’’). 


lotter on DSK11XQN23PROD with NOTICES1
Federal Register / Vol. 87, No. 72 / Thursday, April 14, 2022 / Notices 22277 

3 17 CFR 240.17Ad–22(e)(3)(ii). 

4See SR–ICC–2021–017 for additional 

information on the adoption of the Sixth A&R 

Operating Agreement. 

5See SR–ICC–2021–015 for additional 

information on the roles and responsibilities of the 

PRC and CRS. 

6See SR–ICC–2021–021 for additional 

information on ICC’s counterparty monitoring 

processes and procedures. 

II. Clearing Agency’s Statement of the 

Purpose of, and Statutory Basis for, the 

Proposed Rule Change 

In its filing with the Commission, ICC 

included statements concerning the 

purpose of and basis for the proposed 

rule change, security-based swap 

submission, or advance notice and 

discussed any comments it received on 

the proposed rule change, securitybased swap submission, or advance 

notice. The text of these statements may 

be examined at the places specified in 

Item IV below. ICC has prepared 

summaries, set forth in sections (A), (B), 

and (C) below, of the most significant 

aspects of these statements. 

(A) Clearing Agency’s Statement of the 

Purpose of, and Statutory Basis for, the 

Proposed Rule Change 

(a) Purpose 

ICC proposes revising the ICC 

Recovery Plan and the ICC Wind-Down 

Plan, which serve as plans for the 

recovery and orderly wind-down of ICC 

necessitated by credit losses, liquidity 

shortfalls, losses from general business 

risk, or any other losses, consistent with 

Rule 17Ad–22(e)(3)(ii).3 ICC proposes to 

make such changes effective following 

Commission approval of the proposed 

rule change. The proposed rule change 

is described in detail as follows. 

ICC Recovery Plan 

Consistent with the regulations 

applicable to ICC, the Recovery Plan is 

designed to establish ICC’s actions to 

maintain its viability as a going concern 

to address any uncovered credit loss, 

liquidity shortfall, capital inadequacy, 

or business, operational or other 

structural weakness that threatens ICC’s 

viability. ICC proposes general updates 

and edits to promote clarity and to 

ensure that the information provided is 

current. The proposed amendments 

reflect and relate to changes that 

impacted ICC in the past year, including 

changes to the composition of the ICC 

Board of Managers (collectively, the 

‘‘Board’’ and each, a ‘‘Manager’’) and the 

responsibilities and membership 

composition of internal committees. 

ICC proposes general updates to 

ensure that the information in the 

Recovery Plan is current. In Section I 

and throughout the document, the 

proposed changes specify that the 

information provided is current as of 

December 31, 2021, unless otherwise 

stated. Namely, the proposed changes 

ensure that relevant information 

regarding ICC for recovery planning, 

such as information about ICC’s 

ownership and operation, is current 

with respect to: 

• Activities of Intercontinental 

Exchange, Inc. (‘‘ICE’’ or collectively, 

the ‘‘ICE Group’’ of affiliated companies 

with ICE as the ultimate parent) in 

Section II.A; 

• clearing Index Swaptions by ICC in 

Section IV.A; 

• data regarding ICC revenues, 

volumes, and expenses in Section IV.D; 

• ICC personnel and facilities in 

Section VI.A; 

• financial resources for recovery in 

Section X; 

• ICC and ICE Group financial 

information in Section XI; and 

• Financial service providers 

(‘‘FSPs’’) that hold Clearing Participant 

(‘‘CP’’) cash and collateral in Appendix 

C in Section XIII. 

Additionally, ICC proposes to amend 

the composition of the Board and the 

descriptions of internal committees to 

reflect changes that impacted ICC in 

2021. In Section IV.C.1, ICC proposes to 

change the Board size from eleven to 

nine managers, consistent with the 

adoption of the Sixth Amended and 

Restated Operating Agreement of ICC in 

2021 (the ‘‘Sixth A&R Operating 

Agreement’’), and to revise Manager 

titles as necessary.4 In Section IV.C.3, 

the proposed changes update the 

responsibilities and membership 

composition of the Participant Review 

Committee (‘‘PRC’’) and Credit Review 

Subcommittee of the PRC (‘‘CRS’’), 

which are internal committees that 

assist in fulfilling counterparty review 

responsibilities, consistent with changes 

to their charters in 2021.5 ICC proposes 

corresponding changes in Section VI.B.1 

to describe the advisory role of the CRS 

in making recommendations to the PRC 

and the role of the PRC in approving 

FSPs. 

ICC proposes additional updates to 

promote clarity and consistency in the 

Recovery Plan. Amended Section IV.E.4 

notes that ICC monitors FSPs daily, 

intraday, and monthly, consistent with 

the processes described in the ICC 

Counterparty Monitoring Procedures.6

In Section VII.B, ICC proposes to 

remove a metric that is no longer 

utilized to measure ICC performance 

and to update a reference to a policy 

section. Amended Section VII.C 

specifies that ICC will make required 

disclosures pursuant to applicable 

regulations once the Recovery Plan is 

initiated and includes updated 

regulatory contacts. In Section VIII.B.2, 

ICC proposes minor language 

clarifications in describing the purpose 

of its Liquidity Risk Management 

Framework. In Section VIII.B.3, ICC 

proposes updates regarding the 

insurance coverage maintained at the 

ICE Group level, which may be used as 

a recovery tool in a non-CP default 

scenario. 

ICC proposes changes related to 

seeking additional capital from the ICE 

Group in Section VIII.B.3, which is 

another recovery tool that may be used 

in a non-CP default scenario. The 

proposed changes include updated 

financial information, which is intended 

to establish that the ICE Group is 

capable of making such infusion. Given 

the changes in Board composition, ICC 

proposes revised procedures for seeking 

such additional capital, including the 

individual within the ICE Group with 

whom such discussions would begin. 

The proposed changes identify the role 

of this individual within the ICE Group 

and update the composition of certain 

ICE Group boards. Additionally, ICC 

proposes to include updated financial 

information that is relevant to the 

execution of other recovery tools that 

may be utilized in a non-CP default 

scenario. 

ICC proposes additional minor edits 

for clarity and consistency. In Section 

IX, ICC proposes to clarify that the 

Recovery Plan is made available to 

regulators in accordance with relevant 

regulations and to incorporate a 

reference to the ICC Default 

Management Procedures for details on 

ICC’s default management testing. In 

Section XIV, the proposed changes 

update the index of exhibits with the 

current versions of policies and 

procedures, consistent with updated 

footnote references. Finally, ICC 

proposes minor typographical fixes in 

the Recovery Plan as well as conforming 

changes in in the Wind-Down Plan, 

including updates to entity names, and 

grammatical and formatting changes. 

ICC Wind-Down Plan 

The Wind-Down Plan is designed to 

establish how ICC could be wounddown in an orderly manner. ICC 

proposes corresponding changes to the 

Wind-Down Plan. ICC proposes general 

updates and edits to promote clarity and 

to ensure that the information provided 

is current. The proposed amendments 

reflect and relate to changes that have 

impacted ICC in the past year, including 

changes to the composition of the 

Board. 


lotter on DSK11XQN23PROD with NOTICES1
22278 Federal Register / Vol. 87, No. 72 / Thursday, April 14, 2022 / Notices 

7 15 U.S.C. 78q–1. 

8 17 CFR 240.17Ad–22. 9 15 U.S.C. 78q–1(b)(3)(F). 

10 Id. 

11 17 CFR 240.17Ad–22. 

12 17 CFR 240.17Ad–22(e)(2). 

13 15 U.S.C. 78q–1. 

14 Id. 

15 17 CFR 240.17Ad–22(e)(2). 

16 17 CFR 240.17Ad–22(e)(3)(ii). 

ICC proposes general updates to 

ensure that the information in the WindDown Plan is current. In Section I and 

throughout the document, the proposed 

changes specify that the information 

provided is current as of December 31, 

2021, unless otherwise stated. The 

proposed revisions ensure that relevant 

information regarding ICC for winddown planning, such as information 

about ICC’s ownership and operation, is 

current with respect to: 

• Activities of ICE in Section II.A; 

• ICC personnel and facilities in 

Section VII.C; 

• financial resources to support winddown in Section IX; and 

• FSPs that hold CP cash and 

collateral in Appendix C in Section XI. 

ICC also proposes amendments with 

respect to the composition of the Board 

to reflect changes that impacted ICC in 

2021. In Section IV.B.1, ICC proposes to 

change the Board size from eleven to 

nine managers, consistent with the 

adoption of the Sixth A&R Operating 

Agreement in 2021, and revise manager 

titles as needed. 

ICC proposes additional updates and 

edits to promote clarity and consistency 

in the Wind-Down Plan. Amended 

Section VI.A specifies that ICC will 

make required disclosures pursuant to 

applicable regulations once the decision 

to wind-down is made and includes 

updated regulatory contacts. 

Furthermore, given the changes in 

Board composition, ICC proposes 

revised procedures for seeking certain 

required consultations or approvals 

identified in the Wind-Down Plan, 

including the individual within the ICE 

Group with whom such discussions 

would begin. The proposed changes 

identify the role of this individual 

within the ICE Group and include 

information on the composition of a 

relevant ICE Group board. In Section X, 

ICC proposes to note that the WindDown Plan is made available to 

regulators in accordance with relevant 

regulations and to clarify the testing of 

the Wind-Down Plan. In Section XII, the 

proposed changes update the index of 

exhibits with the current versions of 

policies and procedures, consistent with 

updated footnote references. 

(b) Statutory Basis 

ICC believes that the proposed rule 

change is consistent with the 

requirements of Section 17A of the Act 7

and the regulations thereunder 

applicable to it, including the applicable 

standards under Rule 17Ad–22.8 In 

particular, Section 17A(b)(3)(F) of the 

Act 9 requires that the rule change be 

consistent with the prompt and accurate 

clearance and settlement of securities 

transactions and derivative agreements, 

contracts and transactions cleared by 

ICC, the safeguarding of securities and 

funds in the custody or control of ICC 

or for which it is responsible, and the 

protection of investors and the public 

interest. 

ICC believes the proposed changes 

would enhance its ability to effectuate a 

successful recovery as well as to execute 

an orderly wind-down by providing 

updates and additional clarity with 

respect to ICC’s recovery and winddown processes and procedures. As 

discussed herein, the proposed 

revisions ensure that relevant 

information regarding ICC for recovery 

and wind-down planning is current, 

including updated information 

regarding personnel and facilities, 

finances and operations, and financial 

resources for recovery and wind-down. 

The proposed amendments also reflect 

and relate to changes that impacted ICC 

in the past year, including changes to 

the Board composition from the 

adoption of the Sixth A&R Operating 

Agreement and the responsibilities and 

membership composition of internal 

committees based on their amended 

charters. Such changes ensure that the 

Plans clearly and accurately set out the 

functions of the Board and committees 

to remain effective and to ensure that 

these groups carry out their required 

functions. To support and enhance the 

implementation of the Plans, additional 

language clarifications or edits are 

included so that the Plans remain up-todate, transparent, and focused on clearly 

articulating the policies and procedures 

used to support ICC’s recovery and 

wind-down efforts. Such revisions 

include additional details regarding 

required disclosures, references to 

relevant policies, updated information 

regarding recovery tools, and amended 

language that is intended to be more 

precise. The Plans would thus promote 

ICC’s ability to continue providing 

clearing services with as little 

disruption as possible, and should 

continuation not be feasible, promote 

ICC’s ability to discontinue clearing 

services in an orderly manner with 

minimum negative impact to the 

marketplace and stakeholders. 

Accordingly, in ICC’s view, the 

proposed rule change is consistent with 

the prompt and accurate clearance and 

settlement of securities transactions, 

derivatives agreements, contracts, and 

transactions, the safeguarding of 

securities and funds in the custody or 

control of ICC or for which it is 

responsible, and the protection of 

investors and the public interest, within 

the meaning of Section 17A(b)(3)(F) of 

the Act.10

The proposed rule change would also 

satisfy the relevant requirements of Rule 

17Ad–22.11 Rule 17Ad–22(e)(2) 12

requires ICC to establish, implement, 

maintain, and enforce written policies 

and procedures reasonably designed to 

provide for governance arrangements 

that are (i) clear and transparent; (iii) 

support the public interest requirements 

of Section 17A of the Act 13 applicable 

to clearing agencies, and the objectives 

of owners and participants; and (v) 

specify clear and direct lines of 

responsibility. The Plans clearly and 

transparently set forth the governance 

arrangements that are relevant to 

recovery and wind-down, including the 

roles and responsibilities of the Board, 

applicable committees, and 

management. The Plans assign and 

document responsibility and 

accountability for key recovery and 

wind-down decisions, such as activating 

the Recovery Plan and deciding to 

wind-down the business, and require 

consultation or approval from relevant 

parties. Given the change in Board 

composition, the proposed changes 

update procedures for seeking 

additional capital in a recovery scenario 

and update procedures for seeking 

required consultations or approvals in a 

wind-down scenario from the ICE 

Group. The amendments ensure that the 

procedures for implementing these 

actions in a recovery or wind-down 

scenario are up-to-date, transparent, and 

effective such that responsible parties 

can act promptly without unnecessary 

delay. Moreover, the governance 

arrangements in the Plans promote the 

safety and efficiency of ICC and support 

the public interest requirements in 

Section 17A of the Act 14 applicable to 

clearing agencies, and the objectives of 

owners and participants, by describing 

the roles and responsibilities of relevant 

stakeholders to ensure that such groups 

or individuals are able to discharge their 

responsibilities. As such, ICC believes 

that the proposed rule change is 

consistent with the requirements of Rule 

17Ad–22(e)(2).15

Rule 17Ad–22(e)(3)(ii) 16 requires ICC 

to establish, implement, maintain, and 

enforce written policies and procedures 


lotter on DSK11XQN23PROD with NOTICES1
Federal Register / Vol. 87, No. 72 / Thursday, April 14, 2022 / Notices 22279 

17 Id. 

18 17 CFR 240.17Ad–22(e)(15). 

19 17 CFR 240.17Ad–22(e)(3)(ii). 

20 17 CFR 240.17Ad–22(e)(15)(ii). 

21 17 CFR 240.17Ad–22(e)(15). 

reasonably designed to maintain a 

sound risk management framework for 

comprehensively managing legal, credit, 

liquidity, operational, general business, 

investment, custody, and other risks 

that arise in or are borne by ICC, which 

includes plans for the recovery and 

orderly wind-down of ICC necessitated 

by credit losses, liquidity shortfalls, 

losses from general business risk, or any 

other losses. The Recovery Plan 

continues to establish ICC’s actions to 

maintain its viability as a going concern 

to address any uncovered credit loss, 

liquidity shortfall, capital inadequacy, 

or business, operational or other 

structural weakness that threatens ICC’s 

viability. The Wind-Down Plan 

continues to establish how ICC could be 

wound-down in an orderly manner 

should its recovery efforts fail. As 

described above, the proposed changes 

include updates and edits to promote 

clarity and to ensure that the 

information in the Plans is current, such 

as updated information regarding 

financial resources for recovery and 

wind-down, updated information 

regarding recovery tools, including 

updated procedures for seeking 

additional capital from the ICE Group, 

and updated procedures for seeking 

required consultations or approvals in a 

wind-down scenario. In ICC’s view, 

such changes would ensure that the 

Plans remain useful and effective in a 

recovery and wind-down scenario. The 

proposed rule change would thus 

promote ICC’s ability to carry out a 

successful recovery or orderly winddown, consistent with the requirements 

of Rule 17Ad–22(e)(3)(ii).17

Rule 17Ad–22(e)(15) 18 requires ICC to 

establish, implement, maintain, and 

enforce written policies and procedures 

reasonably designed to identify monitor, 

and manage ICC’s general business risk 

and hold sufficient liquid net assets 

funded by equity to cover potential 

general business losses so that ICC can 

continue operations and services as a 

going concern if those losses 

materialize, including by (i) determining 

the amount of liquid net assets funded 

by equity based upon its general 

business risk profile and the length of 

time required to achieve a recovery or 

orderly wind-down, as appropriate, of 

its critical operations and services if 

such action is taken; (ii) holding liquid 

net assets funded by equity equal to the 

greater of either (x) six months of ICC’s 

current operating expenses, or (y) the 

amount determined by the Board to be 

sufficient to ensure a recovery or orderly 

wind-down of critical operations and 

services of ICC, as contemplated by the 

plans established under Rule 17Ad– 

22(e)(3)(ii); 19 and (iii) maintain a viable 

plan, approved by the Board and 

updated at least annually, for raising 

additional equity should its equity fall 

close to or below the amount required 

under Rule 17Ad–22(e)(15)(ii).20 The 

Plans continue to analyze ICC’s 

particular circumstances and risks to 

ensure that ICC maintains financial 

resources necessary to implement both 

Plans and that ICC remains in 

compliance with all regulatory capital 

requirements. The Plans include 

updated information on the financial 

resources maintained by ICC for 

recovery and to support wind-down in 

compliance with relevant regulations 

and include procedures to follow in 

case of any shortfall. Such changes 

continue to ensure that the Plans remain 

accurate and useful and that ICC holds 

sufficient liquid net assets to achieve 

recovery or orderly wind-down. As 

such, ICC believes that the proposed 

rule change is consistent with the 

requirements of Rule 17Ad–22(e)(15).21

(B) Clearing Agency’s Statement on 

Burden on Competition 

ICC does not believe the proposed 

rule change would have any impact, or 

impose any burden, on competition. 

The proposed changes to the Plans will 

apply uniformly across all market 

participants. The changes are being 

proposed to promote clarity and ensure 

that the information provided is current 

in the Plans. ICC does not believe the 

amendments would affect the costs of 

clearing or the ability of market 

participants to access clearing. 

Therefore, ICC does not believe the 

proposed rule change would impose any 

burden on competition that is 

inappropriate in furtherance of the 

purposes of the Act. 

(C) Clearing Agency’s Statement on 

Comments on the Proposed Rule 

Change Received From Members, 

Participants or Others 

Written comments relating to the 

proposed rule change have not been 

solicited or received. ICC will notify the 

Commission of any written comments 

received by ICC. 

III. Date of Effectiveness of the 

Proposed Rule Change and Timing for 

Commission Action 

Within 45 days of the date of 

publication of this notice in the Federal 

Register or within such longer period 

up to 90 days (i) as the Commission may 

designate if it finds such longer period 

to be appropriate and publishes its 

reasons for so finding or (ii) as to which 

the self-regulatory organization 

consents, the Commission will: 

(A) By order approve or disapprove 

such proposed rule change, or 

(B) institute proceedings to determine 

whether the proposed rule change 

should be disapproved. 

IV. 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. 

Comments may be submitted by any of 

the following methods: 

Electronic Comments 

• Use the Commission’s internet 

comment form (http://www.sec.gov/ 

rules/sro.shtml); or 

• Send an email to rule-comments@

sec.gov. Please include File Number SR– 

ICC–2022–004 on the subject line. 

Paper Comments 

Send paper comments in triplicate to 

Secretary, Securities and Exchange 

Commission, 100 F Street NE, 

Washington, DC 20549. 

All submissions should refer to File 

Number SR–ICC–2022–004. This file 

number should be included on the 

subject line if email is used. 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 (http://www.sec.gov/ 

rules/sro.shtml). 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 

10:00 a.m. and 3:00 p.m. Copies of such 

filings will also be available for 

inspection and copying at the principal 

office of ICE Clear Credit and on ICE 

Clear Credit’s website at https://

www.theice.com/clear-credit/regulation. 

All comments received will be posted 

without change. Persons submitting 

comments are cautioned that we do not 


lotter on DSK11XQN23PROD with NOTICES1
22280 Federal Register / Vol. 87, No. 72 / Thursday, April 14, 2022 / Notices 

22 17 CFR 200.30–3(a)(12). 

1 Great Basin states the STB previously 

authorized S&S Shortline Leasing, LLC, to operate 

the Line in S&S Shortline Leasing, LLC—Operation 

Exemption—City of Ely, Nev., FD 35284 (STB 

served Aug. 14, 2009). 

redact or edit personal identifying 

information from comment submissions. 

You should submit only information 

that you wish to make available 

publicly. All submissions should refer 

to File Number SR–ICC–2022–004 and 

should be submitted on or before May 

5, 2022. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.22

Jill M. Peterson, 

Assistant Secretary. 

[FR Doc. 2022–07951 Filed 4–13–22; 8:45 am] 

BILLING CODE 8011–01–P 

DEPARTMENT OF STATE 

[Public Notice: 11708] 

30-Day Notice of Proposed Information 

Collection: MyTravelGov 

ACTION: Notice of request for public 

comment and submission to OMB of 

proposed collection of information. 

SUMMARY: The Department of State has 

submitted the information collection 

described below to the Office of 

Management and Budget (OMB) for 

approval. In accordance with the 

Paperwork Reduction Act of 1995, we 

are requesting comments on this 

collection from all interested 

individuals and organizations. The 

purpose of this Notice is to allow 30 

days for public comment. 

DATES: Submit comments up to May 16, 

2022. 

ADDRESSES: Written comments and 

recommendations for the proposed 

information collection should be sent 

within 30 days of publication of this 

notice to www.reginfo.gov/public/do/ 

PRAMain. Find this particular 

information collection by selecting 

‘‘Currently under 30-day Review—Open 

for Public Comments’’ or by using the 

search function. 

FOR FURTHER INFORMATION CONTACT: 

Direct requests for additional 

information regarding the collection 

listed in this notice, including requests 

for copies of the proposed collection 

instrument and supporting documents, 

to CA/EX Special Assistant Robin 

Patzelt, U.S. Department of State, 

Bureau of Consular Affairs, Office of the 

Executive Director, SA–17, 7th Floor, 

Washington, DC 20522–1707, who may 

be reached on 202–485–7365 or at 

PublicCommentsEX@state.gov. 

SUPPLEMENTARY INFORMATION: 

• Title of Information Collection: 

MyTravelGov. 

• OMB Control Number: None. 

• Type of Request: New Collection. 

• Originating Office: Bureau of 

Consular Affairs, Office of the Executive 

Director (CA/EX). 

• Form Number: No form. 

• Respondents: Individuals. 

• Estimated Number of Respondents: 

4,128,741 annually. 

• Estimated Number of Responses: 

4,128,741 annually. 

• Average Time per Response: Five 

minutes. 

• Total Estimated Burden Time: 

344,062 hours. 

• Frequency: On occasion. 

• Obligation to Respond: Voluntary. 

We are soliciting public comments to 

permit the Department to: 

• Evaluate whether the proposed 

information collection is necessary for 

the proper functions of the Department. 

• Evaluate the accuracy of our 

estimate of the time and cost burden for 

this proposed collection, including the 

validity of the methodology and 

assumptions used. 

• Enhance the quality, utility, and 

clarity of the information to be 

collected. 

• Minimize the reporting burden on 

those who are to respond, including the 

use of automated collection techniques 

or other forms of information 

technology. 

Please note that comments submitted 

in response to this Notice are public 

record. Before including any detailed 

personal information, you should be 

aware that your comments as submitted, 

including your personal information, 

will be available for public review. 

Abstract of Proposed Collection 

MyTravelGov is an electronic account 

creation and validation portal. U.S. 

citizens who wish to submit 

applications for consular services online 

(electronic applications) instead of 

submitting paper applications must 

create a unique user account through 

MyTravelGov. The unique user account 

will safeguard the submission and 

storage of personally identifiable 

information necessary to process an 

online application. The information 

collected will also be used by servers to 

validate subsequent log-ons to the 

unique user account or attempts to reset 

the account password to ensure the 

security and integrity of accounts. 

Methodology 

Information is collected when an 

individual logs on to the MyTravelGov 

web portal and elects to create a unique 

user account. 

Kevin E. Bryant, 

Deputy Director, Office of Directives 

Management, Department of State. 

[FR Doc. 2022–08047 Filed 4–13–22; 8:45 am] 

BILLING CODE 4710–06–P 

SURFACE TRANSPORTATION BOARD 

[Docket No. FD 36601] 

Great Basin and Northern Railroad— 

Change in Operators Exemption—in 

Elko and White Pine Counties, Nev. 

Great Basin and Northern Railroad 

(Great Basin), a Class III rail carrier, has 

filed a verified notice of exemption 

pursuant to 49 CFR 1150.41 to assume 

operations over 127 miles of rail line 

between milepost 0.0 at or near Cobre, 

Nev., and milepost 127.0 at or near 

McGill Junction in White Pine County, 

Nev. (the Line).1 The Line is owned by 

the City of Ely (the City) and the Nevada 

Northern Railway Foundation (the 

Foundation) and currently is operated 

by S&S Shortline Leasing, LLC (S&S). 

Great Basin states that it has recently 

reached an agreement with the City and 

the Foundation to replace S&S as the 

operator over the Line, and that S&S has 

agreed to cooperate in this change. 

Great Basin states that it currently 

possesses Board authorization to operate 

a connecting line extending from 

milepost 127.0 to milepost 146.1 at or 

near Keystone, Nev., and two branch 

lines connecting to that line segment. 

See Great Basin & N. R.R.—Change in 

Operators Exemption—City of Ely, FD 

34506 (STB served June 7, 2004); Great 

Basin & N. R.R.—Change in Operators 

Exemption—City of Ely, FD 36549 (STB 

served Nov. 27, 2020). 

Great Basin certifies that the proposed 

transaction does not involve a provision 

or agreement that may limit future 

interchange with a third-party 

connecting carrier. Great Basin also 

certifies that its projected revenues as a 

result of the transaction will not result 

in the creation of a Class I or Class II rail 

carrier and will not exceed $5 million. 

Under 49 CFR 1150.42(b), a change in 

operator requires that notice be given to 

shippers. Great Basin states, however, 

that there are no customers on the Line. 

The transaction may be consummated 

on or after April 28, 2022, the effective 

date of the exemption (30 days after the 

verified notice was filed). 


lotter on DSK11XQN23PROD with NOTICES1