25324 Federal Register / Vol. 87, No. 82 / Thursday, April 28, 2022 / Notices 

51 17 CFR 200.30–3(a)(12). 

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

2 17 CFR 240.19b–4. 

Feeds’’ does not accurately describe all 

of the paragraphs under Rule 13.8. The 

Exchange also believes the proposal to 

add the preamble to Rule 13.8 is 

reasonable because it will eliminate 

potential investor confusion as to which 

data products the Exchange charges a 

fee. Furthermore, both of the 

aforementioned changes to Rule 13.8 are 

identical to the text of BZX and BYX 

Rule 11.22. 

B. Self-Regulatory Organization’s 

Statement on Burden on Competition 

The Exchange does not believe that 

the proposed rule change will result in 

any burden on competition that is not 

necessary or appropriate in furtherance 

of the purposes of the Act. Rather, the 

Exchange believes that the proposal will 

promote competition by permitting the 

Exchange to offer a data product that 

provides data similar to that offered by 

other competitor equities exchanges or 

data that is currently publicly available 

via the SIP, the Cboe website or 

DataShop, or other vendors. Any 

differences in the proposed product to 

similar products offered by competing 

exchanges are intended to better 

understand the changing risk 

environment on a daily basis. The 

Exchange is proposing to introduce the 

Short Volume Report in order to keep 

pace with changes in the industry and 

evolving customer needs and believes 

this proposed rule change would 

contribute to robust competition among 

national securities exchanges. Further, 

the Exchange believes this proposed 

rule change permits fair competition 

among national securities exchanges. 

The Short Volume Report will be 

available equally to all Members and 

non-Members that choose to subscribe 

to such report. As stated, the Short 

Volume Report is optional and Members 

and non-Members may choose to 

subscribe, or not, based on their view of 

the additional benefits and added value 

provided by utilizing the Short Volume 

Report. Given the above, the Exchange 

does not believe the proposed rule 

change will result in any burden on 

competition that is not necessary or 

appropriate in furtherance of the 

purposes of the Act. 

C. Self-Regulatory Organization’s 

Statement on Comments on the 

Proposed Rule Change Received From 

Members, Participants, or Others 

The Exchange neither solicited nor 

received comments on the proposed 

rule change. 

III. Solicitation of Comments 

Interested persons are invited to 

submit written data, views, and 

arguments concerning the foregoing, 

including whether the proposed rule 

change, as modified by Amendment No. 

1, 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– 

CboeEDGA–2021–025 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-CboeEDGA–2021–025. 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 the 

filing also will be available for 

inspection and copying at the principal 

office of the Exchange. 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–CboeEDGA–2021–025, and 

should be submitted on or before May 

19, 2022. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.51

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2022–09048 Filed 4–27–22; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–94784; File No. SR–ICC– 

2022–005] 

Self-Regulatory Organizations; ICE 

Clear Credit LLC; Notice of Filing and 

Order Granting Accelerated Approval 

of Proposed Rule Change Relating to 

the ICC Clearing Rules 

April 22, 2022. 

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 April 13, 

2022, ICE Clear Credit LLC (‘‘ICC’’) filed 

with the Securities and Exchange 

Commission (‘‘Commission’’) the 

proposed rule change as described in 

Items I and II, which Items have been 

prepared primarily by ICC. The 

Commission is publishing this notice 

and order to solicit comments on the 

proposed rule change from interested 

persons and to approve the proposed 

rule change on an accelerated basis. 

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 implement 

certain amendments to the ICC Clearing 

Rules (the ‘‘Rules’’) relating to 

implementation of Russia Sanctions 

(defined below). 

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 III below. ICC has prepared 

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

and (C) below, of the most significant 

aspects of these statements. 


jspears on DSK121TN23PROD with NOTICES1
Federal Register / Vol. 87, No. 82 / Thursday, April 28, 2022 / Notices 25325 

3 86 FR 20249 (April 15, 2021). 4 15 U.S.C. 78q–1. 

5 17 CFR 240.17Ad–22. 

6 15 U.S.C. 78q–1(b)(3)(F). 

7 17 CFR 240.17Ad–22(e)(1). 

(A) Clearing Agency’s Statement of the 

Purpose of, and Statutory Basis for, the 

Proposed Rule Change 

(a) Purpose 

The purpose of the proposed changes 

is to modify certain provisions of the 

Rules applicable to cleared CDS 

contracts (or components thereof) for 

which the Russian Federation is a 

reference entity, in light of the sanctions 

imposed by Directive 1A of February 22, 

2022 (Prohibitions Related to Certain 

Sovereign Debt of the Russian 

Federation) under Executive Order 

14024 of April 21, 2021 (Blocking 

Property With Respect To Specified 

Harmful Foreign Activities of the 

Government of the Russian Federation 3) 

(together, the ‘‘Executive Order’’) and 

related implementing actions by the 

U.S. Treasury Department Office of 

Foreign Asset Control (‘‘OFAC’’), as well 

as similar sanctions imposed by 

sanctions authorities in Canada, the 

European Union, Japan, Switzerland 

and the United Kingdom (collectively, 

the ‘‘Russia Sanctions’’). 

The amendments will incorporate in 

the terms and conditions for such 

contracts the Additional Provisions for 

Certain Russian Entities: Excluded 

Obligations and Excluded Deliverable 

Obligations, published by the 

International Swaps and Derivatives 

Association, Inc. (‘‘ISDA’’) on March 25, 

2022 (the ‘‘Russia Additional 

Provisions’’). Consistent with the 

approach expected to be taken 

throughout the cleared and uncleared 

CDS market, ICE Clear Credit will make 

the Russia Additional Provisions 

applicable to relevant CDS contracts 

cleared by ICE Clear Credit beginning on 

the industry-wide implementation date 

(currently expected to be on or around 

April 25, 2022 (the ‘‘Additional 

Provisions Effective Date’’)). 

Accordingly, the amendments to the 

Rules will define the Additional 

Provisions Effective Date as April 25, 

2022, or such later date as may be 

designated by ICE Clear Credit Circular. 

Among other provisions, the Russia 

Sanctions prohibit secondary market 

transactions in or relating to certain 

bonds issued by the Russian Federation 

(‘‘Restricted Debt’’). The Russia 

Additional Provisions implement this 

prohibition by excluding Russia 

government bonds that are Restricted 

Debt from being ‘‘Obligations’’ or 

‘‘Deliverable Obligations’’ under the 

terms of a CDS contract. As such, credit 

events with respect to such Restricted 

Debt could not be used to trigger credit 

protection under a CDS contract, and 

such Restricted Debt could not be used 

in settlement of a CDS contract. 

Pursuant to the terms of the Russia 

Additional Provisions, these limitations 

would cease to apply at such time as no 

relevant sanctions apply to secondary 

trading in the relevant Restricted Debt. 

ICE Clear Credit understands, through 

discussions with market participants, 

that market participants generally are 

expected to adhere to a protocol 

implementing the Russia Additional 

Provisions for existing contracts in the 

uncleared CDS market, effective as of 

the Additional Provisions Effective 

Date. In an effort to maintain 

consistency across the CDS market, ICE 

Clear Credit plans to implement the 

amendments discussed herein as of the 

same time. 

ICE Clear Credit is proposing to 

amend its Rules to incorporate the 

Russia Additional Provisions into 

existing Contracts. ICE Clear Credit 

would amend Rule 26C–316, which 

applies to CDX.EM Contracts, an index 

CDS contract for which Russia may be 

an index component. New subsection (f) 

would provide that all open positions in 

CDX.EM Contracts that that have a 

component transaction in which the 

Russian Federation is a Reference Entity 

will be amended, effective as of the 

Additional Provisions Effective Date, 

such that the Russia Additional 

Provisions apply. For clarity, the 

amendment would also update the 

transaction terms to reference the 

updated ISDA Credit Derivatives 

Physical Settlement Matrix with the 

Additional Provisions Effective Date 

that takes into account the Russia 

Additional Provisions. 

Similarly, ICE Clear Credit is 

proposing to amend Rule 26D–616, 

which applies to emerging market 

sovereign single-name CDS contracts. 

New subsection (d) would provide that 

a sovereign single-name CDS contract 

referencing the Russian Federation will 

be amended, effective as of the 

Additional Provisions Effective Date, 

such that the Russia Additional 

Provisions apply. For clarity, the 

amendment would also update the 

transaction terms to reference the 

updated ISDA Credit Derivatives 

Physical Settlement Matrix with the 

Additional Provisions Effective Date 

that takes into account the Russia 

Additional Provisions. 

(b) Statutory Basis 

ICE Clear Credit believes that the 

proposed amendments are consistent 

with the requirements of Section 17A of 

the Act 4 and the regulations thereunder 

applicable to it, including the standards 

under Rule 17Ad–22.5 Section 

17A(b)(3)(F) of the Act 6 requires, among 

other things, that the rules of a clearing 

agency be designed to promote the 

prompt and accurate clearance and 

settlement of securities transactions 

and, to the extent applicable, derivative 

agreements, contracts, and transactions, 

the safeguarding of securities and funds 

in the custody or control of the clearing 

agency or for which it is responsible, 

and the protection of investors and the 

public interest. Consistent with this 

Section, the amendments revise the 

terms of single-name and index CDS 

contracts referencing the Russian 

Federation in order to implement the 

Russia Additional Provisions and 

comply with the relevant restrictions in 

the Russia Sanctions. In ICE Clear 

Credit’s view, the amendments will 

therefore facilitate its ability to continue 

prompt and accurate clearing of such 

contracts, consistent with applicable 

law and the public interest as set out in 

the Executive Order and other Russia 

Sanctions. 

Moreover, the amendments are 

consistent with Rule 17Ad–22(e)(1),7

which requires that each covered 

clearing agency establish, implement, 

maintain and enforce written policies 

and procedures reasonably designed to 

provide for a well-founded, clear, 

transparent, and enforceable legal basis 

for each aspect of its activities in all 

relevant jurisdictions. As discussed 

herein, the amendments are designed to 

facilitate compliance by ICE Clear Credit 

and its clearing participants with the 

Russia Sanctions, by permitting clearing 

to continue in accordance with the 

restrictions on Restricted Debt imposed 

by the Russia Sanctions. 

(B) Clearing Agency’s Statement on 

Burden on Competition 

ICE Clear Credit 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 changes will 

apply to all clearing participants and 

other market participants. The changes 

are being proposed in order to comply 

with the Russia Sanctions and are being 

made in conjunction with an industrywide effort to amend relevant CDS 

contract terms. ICE Clear Credit does not 

believe the amendments will impact 

competition among clearing members or 

other market participants, affect the 

ability of market participants to access 


jspears on DSK121TN23PROD with NOTICES1
25326 Federal Register / Vol. 87, No. 82 / Thursday, April 28, 2022 / Notices 

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

9 15 U.S.C. 78q–1(b)(3)(F). 

10 17 CFR 240.17Ad–22(e)(1). 

11 15 U.S.C. 78q–1(b)(3)(F). 

12 15 U.S.C. 78q–1(b)(3)(F). 

13 17 CFR 240.17Ad–22(e)(1). 

clearing generally, or affect the cost of 

clearing. ICE Clear Credit further 

believes that any impact on clearing 

results from the restrictions imposed 

under the Russia Sanctions and is 

necessary and appropriate to ensure 

compliance with those restrictions. 

(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 Credit. 

ICE Clear Credit will notify the 

Commission of any comments received 

with respect to the proposed rule 

change. 

III. 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–2022–005 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–2022–005. 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 

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–2022–005 and 

should be submitted on or before May 

19, 2022. 

IV. Commission’s Findings and Order 

Granting Accelerated Approval of the 

Proposed Rule Change 

Section 19(b)(2)(C) of the Act directs 

the Commission to approve a proposed 

rule change of a self-regulatory 

organization if it finds that such 

proposed rule change is consistent with 

the requirements of the Act and the 

rules and regulations thereunder 

applicable to such organization.8 For the 

reasons discussed below, the 

Commission finds that the proposed 

rule change is consistent with Section 

17A(b)(3)(F) of the Act 9 and Rule 

17Ad–22(e)(1) thereunder.10

(A) Consistency With Section 

17A(b)(3)(F) of the Act 

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

requires, among other things, that the 

rules of ICC be designed to promote the 

prompt and accurate clearance and 

settlement of securities transactions.11

Based on its review of the record, and 

for the reasons discussed below, the 

Commission believes the proposed rule 

change is consistent with the promotion 

of the prompt and accurate clearance 

and settlement of transactions at ICC. 

The Commission believes that the 

proposed rule change should help to 

assure compliance with the Russia 

Sanctions. The Commission believes 

that the proposed rule change should do 

so by incorporating the Russia 

Additional Provisions into cleared CDS 

contracts that reference the Russian 

Federation. As discussed above, the 

Russia Additional Provisions are 

designed to implement the Russia 

Sanctions by, among other things, 

excluding Russia government bonds that 

are Restricted Debt from being 

‘‘Obligations’’ or ‘‘Deliverable 

Obligations’’ under the terms of a CDS 

contract. 

The Commission believes that failure 

to comply with the Russia Sanctions 

could potentially result in legal liability 

and other consequences to ICC, like 

financial penalties. The Commission 

believes that such liability and penalties 

could impede ICC’s operations and 

therefore its ability to clear and settle 

transactions. Moreover, the Commission 

believes that failure to comply with the 

Russia sanctions could specifically 

impede ICC’s ability to process credit 

events and other transactions affecting 

CDS contracts that reference the Russian 

Federation. The Commission therefore 

believes that the proposed rule change, 

by helping assure compliance with the 

Russia Sanctions, is consistent with the 

promotion of the prompt and accurate 

clearance and settlement of transactions 

at ICC. 

The Commission further believes that 

the proposed rule change should help to 

ensure consistency between cleared and 

uncleared CDS contracts. The 

Commission notes ICC’s representation 

that market participants generally are 

expected to adhere to a protocol 

implementing the Russia Additional 

Provisions for existing contracts in the 

uncleared CDS market. The Commission 

believes that incorporating into cleared 

CDS contracts the Russia Additional 

Provisions should help to ensure that 

the CDS cleared at ICC are consistent 

with CDS in the uncleared market. The 

Commission further believes that doing 

so should help to ensure that ICC is able 

to accept such uncleared CDS if 

counterparties later submit them for 

clearing. In this way, the Commission 

believes the proposed rule change 

should promote the prompt and 

accurate clearance and settlement of 

transactions at ICC. 

Therefore, the Commission finds that 

the proposed rule change is with 

Section 17A(b)(3)(F) of the Act.12

(B) Consistency With Rule 17Ad– 

22(e)(1) 

Rule 17Ad–22(e)(1) requires that ICC 

establish, implement, maintain and 

enforce written policies and procedures 

reasonably designed to provide for a 

well-founded, clear, transparent, and 

enforceable legal basis for each aspect of 

its activities in all relevant 

jurisdictions.13 As discussed above, the 

Commission believes that the proposed 

rule change should help to assure 

compliance with the Russia Sanctions 

by incorporating the Russia Additional 

Provisions into cleared CDS contracts 

that reference the Russian Federation. 

The Commission further believes that 


jspears on DSK121TN23PROD with NOTICES1
Federal Register / Vol. 87, No. 82 / Thursday, April 28, 2022 / Notices 25327 

14 17 CFR 240.17Ad–22(e)(1). 

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

16 15 U.S.C. 78s(b)(2)(C)(iii). 

17 15 U.S.C. 78s(b)(2)(C)(iii). 

18 15 U.S.C. 78q–1(b)(3)(F). 

19 17 CFR 240.17Ad–22(e)(1). 

20 15 U.S.C. 78s(b)(2). 

21 In approving the proposed rule change, the 

Commission considered the proposal’s impact on 

efficiency, competition, and capital formation. 15 

U.S.C. 78c(f). 

22 17 CFR 200.30–3(a)(12). 

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

2 17 CFR 240.19b–4. 

3See Securities Exchange Act Release No. 93445 

(Oct. 28, 2021), 86 FR 60695. Comments on the 

proposed rule change can be found at: https://

www.sec.gov/comments/sr-nysearca-2021-89/ 

srnysearca202189.htm. 

4 15 U.S.C. 78s(b)(2). 

failure to comply with the Russia 

Additional Provisions could potentially 

result in legal liability and other 

consequences to ICC and could impede 

the enforceability of cleared CDS that 

reference the Russian Federation. For 

example, if there was a credit event that 

triggered credit protection, then the 

Russian Sanctions could disrupt 

settlement of such CDS by prohibiting 

secondary market transactions in 

Restricted Debt. Such disrupted 

settlement could result in CDS buyers 

not receiving any credit protection 

payments, effectively making the CDS 

unenforceable. The Commission 

therefore believes that by assuring 

compliance with the Russian Sanctions, 

the proposed rule change should help 

assure that ICC’s legal basis for clearing 

CDS contracts referencing the Russian 

Federation is well-founded and 

enforceable. 

Therefore, the Commission finds that 

the proposed rule change is with Rule 

17Ad–22(e)(1).14

(C) Accelerated Approval of the 

Proposed Rule Change 

In its filing, ICC requests that the 

Commission grant accelerated approval 

of the proposed rule change pursuant to 

Section 19(b)(2)(C)(iii) of the Act.15

Under Section 19(b)(2)(C)(iii) of the 

Act,16 the Commission may grant 

accelerated approval of a proposed rule 

change if the Commission finds good 

cause for doing so. ICC believes that 

accelerated approval is warranted 

because incorporating the Russia 

Additional Provisions is necessary for 

the maintenance of fair and orderly 

markets in CDS contracts referencing 

the Russian Federation in light of the 

restrictions on Restricted Debt imposed 

under the Russia Sanctions. Moreover, 

ICC believes approving the proposed 

rule change on an accelerated basis is 

needed for ICC to stay consistent with 

the uncleared market, which plans to 

implement the new provisions on or 

around April 25, 2022. Finally, ICC 

represents that the proposed rule change 

will not affect the safeguarding of funds 

or securities in the custody or control of 

ICC or for which it is responsible. 

The Commission finds good cause, 

pursuant to Section 19(b)(2)(C)(iii) of 

the Act,17 for approving the proposed 

rule change on an accelerated basis 

prior to the 30th day after the date of 

publication of notice in the Federal 

Register because the proposed rule 

change is required to implement the 

Russia Additional Provisions on or 

around April 25, 2022. As discussed 

above, the Commission believes that 

implementing the Russia Additional 

Provisions should help assure 

compliance with the Russia Sanctions, 

and therefore help avoid potential legal 

liability and disruptions to ICC’s 

operations. The Commission further 

believes that implementing the Russia 

Additional Provisions on or around 

April 25, 2022 should help assure that 

ICC maintains a well-founded and 

enforceable legal basis for clearing CDS 

contracts that reference the Russian 

Federation. Finally, the Commission 

believes that implementing the Russia 

Additional Provisions on or around 

April 25, 2022 should help assure that 

ICC stays consistent with the uncleared 

market. 

V. Conclusion 

On the basis of the foregoing, the 

Commission finds that the proposed 

rule change is consistent with the 

requirements of the Act and in 

particular with the requirements of 

Section 17A(b)(3)(F) of the Act 18 and 

Rule 17Ad–22(e)(1) 19 thereunder. 

It is therefore ordered pursuant to 

Section 19(b)(2) of the Act 20 that the 

proposed rule change (SR–ICC–2022– 

005) be, and hereby is, approved on an 

accelerated basis.21

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.22

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2022–09042 Filed 4–27–22; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34 94729; File No. SR–BOX– 

2022–08] 

Self-Regulatory Organizations; BOX 

Exchange LLC; Notice of Filing of 

Proposed Rule Change To Amend Rule 

12140 (Imposition of Fines for Minor 

Rule Violations), To Expand the List of 

Violations Eligible for Disposition 

Under the Exchange’s Minor Rule 

Violation Plan and Update the Fine 

Schedule Applicable to Certain Minor 

Rule Violations 

Correction 

In notice document 2022–08481 

beginning on page 23893 in the issue of 

Thursday, April 21, 2022, make the 

following correction: 

On page 23903, in the third column, 

in the first paragraph, in the last line 

‘‘April 21, 2022’’ should read ‘‘May 12, 

2022’’. 

[FR Doc. C1–2022–08481 Filed 4–27–22; 8:45 am] 

BILLING CODE 0099–10–D 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–94781; File No. SR– 

NYSEArca–2021–89] 

Self-Regulatory Organizations; NYSE 

Arca, Inc.; Notice of Designation of a 

Longer Period for Commission Action 

on Proceedings To Determine Whether 

To Approve or Disapprove a Proposed 

Rule Change To List and Trade Shares 

of the Bitwise Bitcoin ETP Trust Under 

NYSE Arca Rule 8.201–E 

April 22, 2022. 

On October 14, 2021, NYSE Arca, Inc. 

(‘‘NYSE Arca’’) filed with the Securities 

and Exchange Commission 

(‘‘Commission’’), pursuant to Section 

19(b)(1) of the Securities Exchange Act 

of 1934 (‘‘Act’’) 1 and Rule 19b–4 

thereunder,2 a proposed rule change to 

list and trade shares of the Bitwise 

Bitcoin ETP Trust under NYSE Arca 

Rule 8.201–E (Commodity-Based Trust 

Shares). The proposed rule change was 

published for comment in the Federal 

Register on November 3, 2021.3

On December 15, 2021, pursuant to 

Section 19(b)(2) of the Act,4 the 

Commission designated a longer period 


jspears on DSK121TN23PROD with NOTICES1