36028 Federal Register / Vol. 87, No. 114 / Tuesday, June 14, 2022 / Notices 

32 15 U.S.C. 78s(b)(3)(A). 

33 17 CFR 240.19b–4(f)(6). 

34 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 of Partial Amendment No. 

1 and Order Granting Accelerated Approval of a 

Proposed Rule Change, as Modified by Partial 

Amendment No. 1, by The Options Clearing 

Corporation Concerning Settlement Timing, 

available at https://www.sec.gov/rules/sro/occ/ 

2022/34-94950.pdf. 

4OCC’s By-Laws and Rules can be found on 

OCC’s public website: https://www.theocc.com/ 

Company-Information/Documents-and-Archives/ 

By-Laws-and-Rules. 

5See Information Memo 50390, available at 

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

50390. Any changes to the dates announced in that 

may designate, it has become effective 

pursuant to Section 19(b)(3)(A) 32 of the 

Act and Rule 19b–4(f)(6) 33 thereunder. 

At any time within 60 days of the 

filing of the proposed rule change, the 

Commission summarily may 

temporarily suspend such rule change if 

it appears to the Commission that such 

action is necessary or appropriate in the 

public interest, for the protection of 

investors, or otherwise in furtherance of 

the purposes of the Act. 

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– 

OCC–2022–008 on the subject line. 

Paper Comments 

• Send paper comments in triplicate 

to Elizabeth M. Murphy, Secretary, 

Securities and Exchange Commission, 

100 F Street NE, Washington, DC 

20549–1090. 

All submissions should refer to File 

Number SR–OCC–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 Section, 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 

filing also will be available for 

inspection and copying at the principal 

office of OCC and on OCC’s website at 

https://www.theocc.com/CompanyInformation/Documents-and-Archives/ 

By-Laws-and-Rules. 

All comments received will be posted 

without change; the Commission does 

not edit personal identifying 

information from submissions. You 

should submit only information that 

you wish to make available publicly. 

All submissions should refer to File 

Number SR–OCC–2022–008 and should 

be submitted on or before July 5, 2022. 

For the Commission by the Division of 

Trading and Markets, pursuant to delegated 

authority.34

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2022–12731 Filed 6–13–22; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–95073; File No. SR–OCC– 

2022–007] 

Self-Regulatory Organizations; The 

Options Clearing Corporation; Notice 

of Filing and Immediate Effectiveness 

of Proposed Rule Change Concerning 

the Implementation of Changes to 

Settlement Timing Previously 

Approved in File No. SR–OCC–2022– 

004 

June 8, 2022. 

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

Securities Exchange Act of 1934 

(‘‘Exchange Act’’ or ‘‘Act’’),1 and Rule 

19b–4 thereunder,2 notice is hereby 

given that on May 26, 2022, The 

Options Clearing Corporation (‘‘OCC’’) 

filed with the Securities and Exchange 

Commission (‘‘Commission’’) the 

proposed rule change as described in 

Items I, II, and III below, which Items 

have been prepared primarily by OCC. 

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 

This proposed rule change would 

amend the By-Laws and Rules to 

provide for delayed implementation of 

the prosed [sic] changes approved by 

the Commission in File No. SR–OCC– 

2022–004.3 The proposed changes to 

OCC’s By-Laws and Rules are attached 

to File No. SR–OCC–2022–007 as 

Exhibit 5a and Exhibit 5b, respectively. 

Proposed changes to the Clearing Fund 

Methodology Policy and Liquidity Risk 

Management Framework are attached to 

File No. SR–OCC–2022–007 as 

confidential Exhibit 5c and confidential 

Exhibit 5d, respectively. Material added 

by File No. SR–OCC–2022–004 is 

marked by underlining and material 

deleted is marked with strikethrough 

text. Material proposed to be added to 

OCC’s By-Laws and Rules as currently 

in effect is marked by double 

underlining and material proposed to be 

deleted is marked with double 

strikethrough text. All terms with initial 

capitalization that are not otherwise 

defined herein have the same meaning 

as set forth in the By-Laws and Rules.4

II. Clearing Agency’s Statement of the 

Purpose of, and Statutory Basis for, the 

Proposed Rule Change 

In its filing with the Commission, 

OCC included statements concerning 

the purpose of and basis for the 

proposed rule change and discussed any 

comments it received on the proposed 

rule change. The text of these statements 

may be examined at the places specified 

in Item IV below. OCC 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 

(1) Purpose 

Background 

On May 19, 2022, the Commission 

approved a proposed rule change by 

OCC to change the time frame for 

collecting margin and Clearing Fund 

deficits as well as increases in the 

Clearing Fund cash requirement. As 

OCC announced in Information Memo 

50390, OCC currently plans to 

implement the changes to the time for 

collecting margin and general Clearing 

Fund deficits on the morning of 

Monday, June 27, 2022, and changes to 

the collection of Clearing Fund deficit 

resulting from the monthly re-sizing of 

the Clearing Fund on the morning of 

Friday, July 1, 2022.5


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Federal Register / Vol. 87, No. 114 / Tuesday, June 14, 2022 / Notices 36029 

memo would be communicated via a subsequent 

Information Memo. 6The affected By-Laws are the definition of 

‘‘settlement time’’ in Article I, Section 1 and Article 

XV, Section 1. The affected Rules are OCC Rules 

101, 605, 1002, 1004, 1005, and 1006. 7 15 U.S.C. 78q–1(b)(3)(F). 

8 17 CFR 240.17Ad–22(e)(1). 

9 15 U.S.C. 78q–1(b)(3)(I). 

10 15 U.S.C. 78s(b)(3)(A)(i). 

11 17 CFR 240.19b–4(f)(1). 

12Notwithstanding its immediate effectiveness, 

implementation of this rule change will be delayed 

until this change is deemed certified under CFTC 

Regulation 40.6. 

Proposed Change 

Because the proposed changes as 

described in File No. SR–OCC–2022– 

004 did not discuss delayed 

implementation of those proposed rule 

changes, OCC is proposing to amend its 

By-Laws and Rules to retain the marked 

changes from File No. SR–OCC–2022– 

004 in its By-Laws and Rules until after 

the settlement time on the business day 

before the implementation date, which 

OCC will announce no less than two 

weeks prior to the implementation date. 

As discussed above, the implementation 

date will be no earlier than June 27, 

2022. For clarity, OCC is also proposing 

a note to be placed before the affected 

By-Law and Rules provisions disclosing 

that the marked changes are not 

effective until that time, after which 

OCC will apply the marked changes and 

the notes automatically will be deleted.6

At that time, OCC will also implement 

the changes to the Clearing Fund 

Methodology Policy and the Liquidity 

Risk Management Framework discussed 

in File No. SR–OCC–2022–004. For 

purposes of this filing, OCC is proposing 

to add the same note to those policies. 

(2) Statutory Basis 

OCC believes the proposed rule 

changes are consistent with Section 17A 

of the Securities Exchange Act and the 

rules and regulations thereunder. 

Section 17A(b)(3)(F) 7 of the Exchange 

Act requires, among other things, that 

the rules of a clearing agency be 

designed to promote the prompt and 

accurate clearance and settlement of 

securities and derivatives transactions 

and protect investors and the public 

interest. By clarifying that certain ByLaws and Rules changes approved by 

the Commission are not yet 

implemented, the proposed rule 

changes facilitate the administration of 

existing rules intended to promote the 

prompt and accurate clearance and 

settlement of securities and derivatives 

transactions and protect investors and 

the public interest. 

In addition, Rule 17Ad–22(e)(1) 

requires OCC to, among other things, 

maintain written policies and 

procedures reasonably designed to 

ensure a well-founded, clear, 

transparent, and enforceable legal basis 

for each aspect of OCC’s activities.8 By 

clarifying that the By-Laws and Rules in 

effect prior to File No. SR–OCC–2022– 

004 will remain in effect until the 

implementation of the changes 

approved therein, OCC would ensure 

that it maintains a well-founded, clear, 

transparent and enforceable legal basis 

for the collection of margin and Clearing 

Fund deficits prior to implementation of 

the changes approved in File No. SR– 

OCC–2022–004. 

(B) Clearing Agency’s Statement on 

Burden on Competition 

Section 17A(b)(3)(I) of the Act 9

requires that the rules of a clearing 

agency not impose any burden on 

competition not necessary or 

appropriate in furtherance of the Act. 

OCC does not believe that the proposed 

rule change would impact or impose 

any burden on competition. The 

proposed rule change would provide for 

the By-Laws and Rules governing 

collection of margin and Clearing Fund 

deposits that existed prior to File No. 

SR–OCC–2022–004 to persist until the 

changes from that filing are ready to be 

implemented. The proposed rule change 

would not affect the competitive 

dynamics between Clearing Members in 

that it would apply to all Clearing 

Members equally. The proposed rule 

change also would not inhibit access to 

OCC’s services or disadvantage or favor 

any particular user in relationship to 

another. In this regard, as described 

above, the proposed rule change is 

designed to further facilitate the prompt 

and accurate clearance and settlement of 

securities transactions. 

(C) Clearing Agency’s Statement on 

Comments on the Proposed Rule 

Change Received From Members, 

Participants or Others 

Written comments were not and are 

not intended to be solicited with respect 

to the proposed rule change and none 

have been received. 

III. Date of Effectiveness of the 

Proposed Rule Change and Timing for 

Commission Action 

Pursuant to Section 19(b)(3)(A)(i) 10 of 

the Act, and Rule 19b–4(f)(1) 

thereunder,11 the proposed rule change 

is filed for immediate effectiveness. At 

any time within 60 days of the filing of 

the proposed rule change, the 

Commission summarily may 

temporarily suspend such rule change if 

it appears to the Commission that such 

action is necessary or appropriate in the 

public interest, for the protection of 

investors, or otherwise in furtherance of 

the purposes of the Act. The proposal 

shall not take effect until all regulatory 

actions required with respect to the 

proposal are completed.12

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– 

OCC–2022–007 on the subject line. 

Paper Comments 

• Send paper comments in triplicate 

to Vanessa Countryman, Secretary, 

Securities and Exchange Commission, 

100 F Street NE, Washington, DC 

20549–1090. 

All submissions should refer to File 

Number SR–OCC–2022–007. 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 

filing also will be available for 

inspection and copying at the principal 

office of OCC and on OCC’s website at 

https://www.theocc.com/CompanyInformation/Documents-and-Archives/ 

By-Laws-and-Rules. 

All comments received will be posted 

without change. Persons submitting 

comments are cautioned that we do not 

redact or edit personal identifying 


lotter on DSK11XQN23PROD with NOTICES1
36030 Federal Register / Vol. 87, No. 114 / Tuesday, June 14, 2022 / Notices 

13 17 CFR 200.30–3(a)(12). 

information from comment submissions. 

You should submit only information 

that you wish to make available 

publicly. 

All submissions should refer to File 

Number SR–OCC–2022–007 and should 

be submitted on or before July 5, 2022. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.13

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2022–12741 Filed 6–13–22; 8:45 am] 

BILLING CODE 8011–01–P 

SUSQUEHANNA RIVER BASIN 

COMMISSION 

Projects Approved for Consumptive 

Uses of Water 

AGENCY: Susquehanna River Basin 

Commission. 

ACTION: Notice. 

SUMMARY: This notice lists the projects 

approved by rule by the Susquehanna 

River Basin Commission during the 

period set forth in DATES. 

DATES: May 1–31, 2022 

ADDRESSES: Susquehanna River Basin 

Commission, 4423 North Front Street, 

Harrisburg, PA 17110–1788. 

FOR FURTHER INFORMATION CONTACT: 

Jason E. Oyler, General Counsel and 

Secretary to the Commission, telephone: 

(717) 238–0423, ext. 1312; fax: (717) 

238–2436; email: joyler@srbc.net. 

Regular mail inquiries may be sent to 

the above address. 

SUPPLEMENTARY INFORMATION: This 

notice lists the projects, described 

below, receiving approval for the 

consumptive use of water pursuant to 

the Commission’s approval by rule 

process set forth in 18 CFR 806.22 (e) 

and 18 CFR 806.22 (f) for the time 

period specified above: 

Water Source Approval—Issued Under 

18 CFR 806.22(f) 

1. Chesapeake Appalachia, L.L.C.; Pad 

ID: PELTON UNIT PAD; ABR– 

202205001; Franklin Township, 

Bradford County, Pa.; Consumptive Use 

of Up to 2.5000 mgd; Approval Date: 

May 4, 2022. 

2. Chesapeake Appalachia, L.L.C.; Pad 

ID: R & N; ABR–201203014.R2; Cherry 

Township, Sullivan County, Pa.; 

Consumptive Use of Up to 7.5000 mgd; 

Approval Date: May 12, 2022. 

3. Chesapeake Appalachia, L.L.C.; Pad 

ID: Balduzzi; ABR–20100410.R2; 

Wyalusing Township, Bradford County, 

Pa.; Consumptive Use of Up to 7.50000 

mgd; Approval Date: May 12, 2022. 

4. Chesapeake Appalachia, L.L.C.; Pad 

ID: Blannard; ABR–20100414.R2; 

Standing Stone Township, Bradford 

County, Pa.; Consumptive Use of Up to 

7.50000 mgd; Approval Date: May 12, 

2022. 

5. Chesapeake Appalachia, L.L.C.; Pad 

ID: Frisbee; ABR–20100413.R2; Orwell 

Township, Bradford County, Pa.; 

Consumptive Use of Up to 7.50000 mgd; 

Approval Date: May 12, 2022. . 

6. SWN Production Company, LLC.; 

Pad ID: BIENKO; ABR–201203006.R2; 

New Milford and Jackson Townships, 

Susquehanna County, Pa.; Consumptive 

Use of Up to 4.9990 mgd; Approval 

Date: May 12, 2022. 

7. Seneca Resources Company, LLC.; 

Pad ID: Dandois 482; ABR– 

20100517.R2; Sullivan Township, Tioga 

County, Pa.; Consumptive Use of Up to 

4.0000 mgd; Approval Date: May 16, 

2022. 

8. SWN Production Company, LLC.; 

Pad ID: Conigliaro Pad; ABR– 

201204016.R2; New Milford Township, 

Susquehanna County, Pa.; Consumptive 

Use of Up to 4.9990 mgd; Approval 

Date: May 16, 2022. 

9. SWN Production Company, LLC.; 

Pad ID: Warner Pad; ABR– 

201204024.R2; New Milford Township, 

Susquehanna County, Pa.; Consumptive 

Use of Up to 4.9990 mgd; Approval 

Date: May 16, 2022. 

10. Coterra Energy Inc.; Pad ID: RoseC 

P1 ; ABR–20100407.R2; Dimock 

Township, Susquehanna County, Pa.; 

Consumptive Use of Up to 2.5000 mgd; 

Approval Date: May 16, 2022. 

11. Range Resources—Appalachia, 

LLC; Pad ID: Cornwall South Unit; 

ABR–201504002.R1; Lewis Township, 

Lycoming County, Pa.; Consumptive 

Use of Up to 4.0000 mgd; Approval 

Date: May 16, 2022. 

12. Chesapeake Appalachia, L.L.C.; 

Pad ID: Jack; ABR–20100511.R2; 

Windham Township, Bradford County, 

Pa.; Consumptive Use of Up to 7.5000 

mgd; Approval Date: May 16, 2022. 

13. Chesapeake Appalachia, L.L.C.; 

Pad ID: Verex; ABR–20100507.R2; 

Auburn Township, Susquehanna 

County, Pa.; Consumptive Use of Up to 

7.5000 mgd; Approval Date: May 16, 

2022. 

14. Seneca Resources Company, LLC.; 

Pad ID: Newlin 476; ABR–20100503.R2; 

Charleston Township, Tioga County, 

Pa.; Consumptive Use of Up to 4.0000 

mgd; Approval Date: May 16, 2022. 

15. SWN Production Company, LLC.; 

Pad ID: Coyle Well Pad; ABR– 

201205006.R2; Liberty Township, 

Susquehanna County, Pa.; Consumptive 

Use of Up to 4.9990 mgd; Approval 

Date: May 16, 2022. 

16. Chesapeake Appalachia, L.L.C..; 

Pad ID: Janet; ABR–20100526.R2; 

Monroe Township, Bradford County, 

Pa.; Consumptive Use of Up to 7.5000 

mgd; Approval Date: May 29, 2022. 

17. Coterra Energy, Inc.; Pad ID: 

HawleyW P1; ABR–20100521.R2; 

Dimock Township, Susquehanna 

County, Pa.; Consumptive Use of Up to 

5.0000 mgd; Approval Date: May 29, 

2022. 

18. SWN Production Company, LLC; 

Pad ID: Barnhart Well Pad; ABR– 

201205005.R2; Liberty Township, 

Susquehanna County, Pa.; Consumptive 

Use of Up to 4.9990 mgd; Approval 

Date: May 29, 2022. 

19. EXCO Resources (PA), LLC; Pad 

ID: Myers Drilling Pad #1; ABR– 

20100416.R2; Penn Township, 

Lycoming County, Pa.; Consumptive 

Use of Up to 2.0000 mgd; Approval 

Date: May 31, 2022. 

20. EXCO Resources (PA), LLC; Pad 

ID: Emig Drilling Pad #1; ABR– 

20100452.R2; Cogan House Township, 

Lycoming County, Pa.; Consumptive 

Use of Up to 2.0000 mgd; Approval 

Date: May 31, 2022. 

21. EXCO Resources (PA), LLC; Pad 

ID: Flook Drilling Pad #1; ABR– 

20100505.R2; Mifflin Township, 

Lycoming County, Pa.; Consumptive 

Use of Up to 2.0000 mgd; Approval 

Date: May 31, 2022. 

22. Coterra Energy, Inc.; Pad ID: 

BunnellE P2; ABR–201205001.R1; 

Dimock Township, Susquehanna 

County, Pa.; Consumptive Use of Up to 

5.0000 mgd; Approval Date: May 31, 

2022. 

23. Repsol Oil & Gas USA, LLC; Pad 

ID: VANBLARCOM (03 054) J; ABR– 

20100523.R2; Columbia Township, 

Bradford County, Pa.; Consumptive Use 

of Up to 6.0000 mgd; Approval Date: 

May 31, 2022. 

24. Seneca Resources Company, LLC; 

Pad ID: COP Pad A; ABR–20100531.R2; 

Lawrence Township, Clinton County, 

Pa.; Consumptive Use of Up to 4.0000 

mgd; Approval Date: May 31, 2022. 

25. Chesapeake Appalachia, L.L.C.; 

Pad ID: Johnson; ABR–20100422.R2; 

Monroe Township, Bradford County, 

Pa.; Consumptive Use of Up to 7.5000 

mgd; Approval Date: May 31, 2022. 

26. Chesapeake Appalachia, L.L.C.; 

Pad ID: McGavin; ABR–20100435.R2; 

Auburn Township, Susquehanna 

County, Pa.; Consumptive Use of Up to 

7.5000 mgd; Approval Date: May 31, 

2022. 

27. Chesapeake Appalachia, L.L.C.; 

Pad ID: Yoder; ABR–20100419.R2; West 

Burlington Township, Bradford County, 


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