41152 Federal Register / Vol. 87, No. 131 / Monday, July 11, 2022 / Notices 

16 17 CFR 200.30–3(a)(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– 

ICC–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. 

All submissions should refer to File 

Number SR–ICC–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 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–2022–008 and 

should be submitted on or before 

August 1, 2022. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.16

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2022–14634 Filed 7–8–22; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[SEC File No. 270–649; OMB Control No. 

3235–0701] 

Proposed Collection; Comment 

Request; Extension: Rule 18a–1 

Upon Written Request, Copies Available 

From: Securities and Exchange 

Commission, Office of FOIA Services, 

100 F Street NE, Washington, DC 

20549–2736 

Notice is hereby given that pursuant 

to the Paperwork Reduction Act of 1995 

(‘‘PRA’’) (44 U.S.C. 3501 et seq.), the 

Securities and Exchange Commission 

(‘‘Commission’’) is soliciting comments 

on the existing collection of information 

provided for in Rule 18a–1 (17 CFR 

240.18a–1), under the Securities 

Exchange Act of 1934 (15 U.S.C. 78a et 

seq.) (‘‘Exchange Act’’). The 

Commission plans to submit this 

existing collection of information to the 

Office of Management and Budget 

(‘‘OMB’’) for extension and approval. 

Rule 18a–1 establishes net capital 

requirements for nonbank securitybased swap dealers that are not also 

broker-dealers registered with the 

Commission (‘‘stand-alone SBSDs’’). 

First, under paragraphs (a)(2) and (d) of 

Rule 18a–1, a stand-alone SBSD may 

apply to the Commission to be 

authorized to use internal value-at-risk 

(‘‘VaR) models to compute net capital, 

and a stand-alone SBSD authorized to 

use internal models must review and 

update the models it uses to compute 

market and credit risk, as well as backtest the models. Second, under 

paragraph (f) of Rule 18a–1, a standalone SBSD is required to comply with 

certain requirements of Exchange Act 

Rule 15c3–4 (17 CFR 240.15c3–4). Rule 

15c3–4 requires OTC derivatives dealers 

and firms subject to its provisions to 

establish, document, and maintain a 

system of internal risk management 

controls to assist the firm in managing 

the risks associated with business 

activities, including market, credit, 

leverage, liquidity, legal, and 

operational risks. Third, for purposes of 

calculating ‘‘haircuts’’ on credit default 

swaps, paragraph (c)(1)(vi)(B)(1)(iii) of 

Rule 18a–1 requires stand-alone SBSDs 

that are not using internal models to use 

an industry sector classification system 

that is documented and reasonable in 

terms of grouping types of companies 

with similar business activities and risk 

characteristics. Fourth, under paragraph 

(h) of Rule 18a–1, stand-alone SBSDs 

are required to provide the Commission 

with certain written notices with respect 

to equity withdrawals. Fifth, under 

paragraph (c)(5) of Appendix D to Rule 

18a–1 (17 CFR 240.18a–1d), stand-alone 

SBSDs are required to file with the 

Commission two copies of any proposed 

subordinated loan agreement (including 

nonconforming subordinated loan 

agreements) at least 30 days prior to the 

proposed execution date of the 

agreement. Finally, under paragraph 

(c)(1)(ix)(C) of Rule 18a–1, a nonbank 

SBSD may treat collateral held by a 

third-party custodian to meet an initial 

margin requirement of a security-based 

swap or swap customer as being held by 

the nonbank SBSD for purposes of the 

capital in lieu of margin charge 

provisions of the rule if certain 

conditions are met. In particular, the 

SBSD must execute an account control 

agreement and must maintain written 

documentation of its analysis that in the 

event of a legal challenge the account 

control agreement would be held to be 

legal, valid, binding, and enforceable 

under the applicable law. 

The aggregate annual burden for all 

respondents is estimated to be 21,024 

hours. The aggregate annual cost burden 

for all respondents is estimated to be 

$2,598,500. 

Written comments are invited on: (a) 

whether the proposed collection of 

information is necessary for the proper 

performance of the functions of the 

Commission, including whether the 

information shall have practical utility; 

(b) the accuracy of the Commission’s 

estimates of the burden of the proposed 

collection of information; (c) ways to 

enhance the quality, utility, and clarity 

of the information collected; and (d) 

ways to minimize the burden of the 

collection of information on 

respondents, including through the use 

of automated collection techniques or 

other forms of information technology. 

Consideration will be given to 

comments and suggestions submitted by 

September 9, 2022. 

An agency may not conduct or 

sponsor, and a person is not required to 

respond to, a collection of information 

under the PRA unless it displays a 

currently valid OMB control number. 

Please direct your written comments 

to: David Bottom, Director/Chief 

Information Officer, Securities and 

Exchange Commission, c/o John 

Pezzullo, 100 F Street NE, Washington, 


khammond on DSKJM1Z7X2PROD with NOTICES
Federal Register / Vol. 87, No. 131 / Monday, July 11, 2022 / Notices 41153 

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

2 17 CFR 240.19b–4. 

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

4See Securities Exchange Act Release Nos. 93563 

(November 12, 2021), 86 FR 64561 (November 18, 

2021) (SR–NYSE–2021–67) (‘‘Notice’’); 93561 

(November 12, 2021), 86 FR 64580 (November 18, 

2021) (SR–NYSEAMER–2021–43); 93564 

(November 12, 2021), 86 FR 64570 (November 18, 

2021) (SR–NYSEArca–2021–97); 93565 (November 

12, 2021), 86 FR 64556 (November 18, 2021) (SR– 

NYSECHX–2021–17); and 93567 (November 12, 

2021), 86 FR 64576 (November 18, 2021) (SR– 

NYSENAT–2021–23). Comments received on the 

Notices are available on the Commission’s website 

at: https://www.sec.gov/comments/sr-nyse-2021-67/ 

srnyse202167.htm. For ease of reference, citations to 

the Notice(s) are to the Notice for SR–NYSE–2021– 

67. 

5 15 U.S.C. 78s(b)(2)(B). 

6See Securities Exchange Act Release No. 93810 

(December 17, 2021), 86 FR 73026 (December 23, 

2021). 

7 15 U.S.C. 78s(b)(2). 

8See Securities Exchange Act Release No. 94899 

(May 12, 2022), 87 FR 30321 (May 18, 2022). The 

Commission designated July 16, 2022, as the date 

by which it should approve or disapprove the 

proposed rule changes. 

9 17 CFR 200.30–3(a)(12). 

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

2 17 CFR 240.19b–4. 

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

4 17 CFR 240.19b–4(f)(4). 

5Each term not otherwise defined herein has its 

respective meaning as set forth in the Rules, ByLaws and Organization Certificate of DTC (the 

‘‘Rules’’) and the Reorganizations Service Guide 

(the ‘‘Guide’’), available at http://www.dtcc.com/ 

legal/rules-and-procedures.aspx. 

6When an agent makes a rights offer through 

ASOP, a Participant can submit instructions to DTC 

for transmission to the agent, surrender its rights to 

the agent’s account at DTC, and have its DTC 

account debited for the associated subscription 

payment. When the underlying securities are 

distributed by the agent, DTC credits the securities 

to the account of the Participant. 

7A Participant can submit instructions to DTC for 

the exercise of payment, retainment and 

relinquishment options on put options securities for 

transmission to the agent, surrender its put 

securities to the agent’s account at DTC and have 

its DTC account credited with the payment. APUT 

allows agents to review and reconcile all the 

instructions that were made for an offer. 

DC 20549, or send an email to: PRA_

Mailbox@sec.gov. 

Dated: July 5, 2022. 

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2022–14635 Filed 7–8–22; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–95196; File Nos. SR–NYSE– 

2021–67, SR–NYSEAMER–2021–43, SR– 

NYSEArca–2021–97, SR–NYSECHX–2021– 

17, SR–NYSENAT–2021–23] 

Self-Regulatory Organizations; New 

York Stock Exchange LLC, NYSE 

American LLC, NYSE Arca, Inc., NYSE 

Chicago, Inc., and NYSE National, Inc.; 

Notice of Withdrawal of Proposed Rule 

Changes To Amend Their Respective 

Fee Schedules To Offer Colocation 

Users Wireless Connectivity to CME 

Group Data and Establish Associated 

Fees 

July 5, 2022. 

On November 3, 2021, New York 

Stock Exchange LLC (‘‘NYSE’’), NYSE 

American LLC, NYSE Arca, Inc., NYSE 

Chicago, Inc., and NYSE National, Inc. 

(collectively, the ‘‘Exchanges’’) each 

filed with the Securities and Exchange 

Commission (‘‘Commission’’), pursuant 

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

Exchange Act of 1934 (‘‘Exchange Act’’ 

or ‘‘Act’’) 1 and Rule 19b–4 thereunder,2

a proposed rule change to amend their 

respective fee schedules for colocation 

services to offer wireless connectivity to 

CME Group, Inc. (‘‘CME Group’’) market 

data (‘‘CME Group Data’’) and establish 

associated fees. Each proposed rule 

change was immediately effective upon 

filing with the Commission pursuant to 

Section 19(b)(3)(A) of the Act.3 The 

proposed rule changes were published 

for comment in the Federal Register on 

November 18, 2021.4

On December 17, 2021, the Division 

of Trading and Markets, acting on behalf 

of the Commission by delegated 

authority, issued an order instituting 

proceedings under Section 19(b)(2)(B) of 

the Act 5 to determine whether to 

approve or disapprove the proposed 

rule changes.6 On May 12, 2022, 

pursuant to Section 19(b)(2) of the Act,7

the Commission designated a longer 

period for Commission action on the 

proceedings to determine whether to 

approve or disapprove the proposed 

rule changes.8

On June 30, 2022, the Exchanges 

withdrew their respective proposed rule 

changes (File Nos. SR–NYSE–2021–67, 

SR–NYSEAMER–2021–43, SR– 

NYSEArca–2021–97, SR–NYSECHX– 

2021–17, SR–NYSENAT–2021–23). 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.9

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2022–14636 Filed 7–8–22; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–95197; File No. SR–DTC– 

2022–007] 

Self-Regulatory Organizations; The 

Depository Trust Company; Notice of 

Filing and Immediate Effectiveness of 

a Proposed Rule Change To Amend 

the Reorganizations Service Guide 

July 5, 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 June 28, 

2022, The Depository Trust Company 

(‘‘DTC’’) 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 by the clearing 

agency. DTC filed the proposed rule 

change pursuant to Section 19(b)(3)(A) 

of the Act 3 and Rule 19b–4(f)(4) 

thereunder.4 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 proposed rule change 5 consists of 

amendments to the Guide to provide 

Participants with the option to submit 

voluntary reorganizations instructions 

via Application Program Interface 

(‘‘API’’) and ISO 20022 real-time 

messaging (collectively, ‘‘Automated 

Instruction Messaging’’) for Automated 

Subscription Offer Program (‘‘ASOP’’)- 

eligible offers (each, an ‘‘ASOP Offer’’) 6

and for Automated Puts System 

(‘‘APUT’’)-eligible offers (each, an 

‘‘APUT Offer’’),7 and to make technical 

and ministerial changes to the Guide, as 

discussed more fully below. 

II. Clearing Agency’s Statement of the 

Purpose of, and Statutory Basis for, the 

Proposed Rule Change 

In its filing with the Commission, the 

clearing agency 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. The 

clearing agency has prepared 

summaries, set forth in sections A, B, 

and C below, of the most significant 

aspects of such statements. 

(A) Clearing Agency’s Statement of the 

Purpose of, and Statutory Basis for, the 

Proposed Rule Change 

1. Purpose 

The purpose of the proposed rule 

change is to amend the Guide to provide 

Participants with the option to submit 

voluntary reorganizations instructions 

via Automated Instruction Messaging 

for ASOP Offers and APUT Offers, and 

to make technical and ministerial 


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