26796 Federal Register / Vol. 87, No. 87 / Thursday, May 5, 2022 / Notices 

20 17 CFR 240.17Ad–22(e)(17). 

21 15 U.S.C. 78q–1(b)(3)(F). 

22 17 CFR 240.17Ad–22(e)(13) and (e)(17). 

23 15 U.S.C. 78s(b)(2). 

24 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). 

25 17 CFR 200.30–3(a)(12). 

and operational reliability. For example, 

the Commission believes queuing 

Intraday Transactions submitted outside 

of the Real Time Session for submission 

at the Start of the Real Time Session on 

the following Clearing Day should allow 

Clearing Members to submit 

transactions whenever they are best able 

to do so. Thus, if a Clearing Member is 

not able to submit an Intraday 

Transaction during the Real Time 

Session due to operational issues, the 

Clearing Member could still submit after 

the end of the Real Time Session if it is 

able to do so, with the knowledge that 

LCH SA would queue the transaction for 

the submission at the Start of the Real 

Time Session on the following Clearing 

Day. The Commission thus believes this 

change should increase the availability 

and reliability of LCH SA’s clearing 

operations. Moreover, permitting Clients 

to submit ad-hoc compression requests 

directly to LCH SA should help to 

ensure that LCH receives such requests 

even when Clearing Members are unable 

to transmit them on behalf of their 

Clients, and the Commission believes 

this should increase the operational 

reliability of this aspect of LCH SA’s 

operations. Similarly, the proposed 

changes to re-name and update the 

Treasury Reports would make the 

reports machine-readable, and the 

Commission believes this should help to 

ensure that such reports are easier to use 

and operationally reliable. 

Finally, the Commission believes the 

new Trading City concept and the 

change to the definition of Clearing Day 

should help to increase the resiliency of 

LCH SA’s operations. The Trading City 

concept would allow LCH SA to tailor 

certain deadlines and requirements, 

such as those related to end-of-day price 

submissions, to the time zone where 

Clearing Members typically trade. The 

Commission believes this should help 

increase the resiliency of LCH SA’s 

operations by tying deadlines and 

requirements to the local time zones in 

which Clearing Members are operating, 

rather than forcing Clearing Members to 

operate according to European Central 

or New York local time. Similarly, the 

Commission believes that providing 

LCH SA additional flexibility with 

respect to the definition of Clearing Day 

should eliminate the reliance on the 

TARGET2 Calendar and the operations 

of London commercial banks. The 

Commission believes this change should 

therefore help increase the resiliency of 

LCH SA’s operations by giving LCH SA 

the ability to determine its Clearing 

Days based on its own schedule and 

operations. 

Therefore, the Commission finds that 

these aspects of the proposed rule 

change are consistent with Rule 17Ad– 

22(e)(17).20

IV. 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,21 and 

Rules 17Ad–22(e)(13) and (e)(17) 

thereunder.22

It is therefore ordered pursuant to 

Section 19(b)(2) of the Act 23 that the 

proposed rule change (SR–LCH SA– 

2022–002) be, and hereby is, 

approved.24

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.25

J. Matthew, 

DeLesDernier Assistant Secretary. 

[FR Doc. 2022–09585 Filed 5–4–22; 8:45 am] 

BILLING CODE 8011–01–P 

SMALL BUSINESS ADMINISTRATION 

[License No. 05/05–0273] 

Prism Mezzanine Fund SBIC, L.P.; 

Surrender of License of Small 

Business Investment Company 

Pursuant to the authority granted to 

the United States Small Business 

Administration under the Small 

Business Investment Act of 1958, as 

amended, under Section 309 of the Act 

and Section 107.1900 of the Small 

Business Administration Rules and 

Regulations (13 CFR 107.1900) to 

function as a small business investment 

company under the Small Business 

Investment Company License No. 05/ 

05–0273 issued to Prism Mezzanine 

Fund SBIC, L.P., said license is hereby 

declared null and void. 

United States Small Business 

Administration. 

Michele Schimpp, 

Deputy Associate Administrator, Office of 

Investment and Innovation. 

[FR Doc. 2022–09616 Filed 5–4–22; 8:45 am] 

BILLING CODE P 

SMALL BUSINESS ADMINISTRATION 

[License No. 06/06–0336] 

Valesco Commerce Street Capital, L.P.; 

Surrender of License of Small 

Business Investment Company 

Pursuant to the authority granted to 

the United States Small Business 

Administration under the Small 

Business Investment Act of 1958, as 

amended, under Section 309 of the Act 

and Section 107.1900 of the Small 

Business Administration Rules and 

Regulations (13 CFR 107.1900) to 

function as a small business investment 

company under the Small Business 

Investment Company License No. 06/ 

06–0336 issued to Valesco Commerce 

Street Capital, L.P., said license is 

hereby declared null and void. 

United States Small Business 

Administration. 

Michele Schimpp, 

Deputy Associate Administrator, Office of 

Investment and Innovation. 

[FR Doc. 2022–09612 Filed 5–4–22; 8:45 am] 

BILLING CODE P 

SMALL BUSINESS ADMINISTRATION 

[License No. 02/72–0619] 

Edison Fund V, L.P.; Surrender of 

License of Small Business Investment 

Company 

Pursuant to the authority granted to 

the United States Small Business 

Administration under the Small 

Business Investment Act of 1958, as 

amended, under Section 309 of the Act 

and Section 107.1900 of the Small 

Business Administration Rules and 

Regulations (13 CFR 107.1900) to 

function as a small business investment 

company under the Small Business 

Investment Company License No. 02/ 

72–0619 issued to Edison Fund V, L.P. 

said license is hereby declared null and 

void. 

United States Small Business 

Administration. 

Michele Schimpp, 

Deputy Associate Administrator, Office of 

Investment and Innovation. 

[FR Doc. 2022–09613 Filed 5–4–22; 8:45 am] 

BILLING CODE P 


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