69158 Federal Register / Vol. 79, No. 224 / Thursday, November 20, 2014 / Notices 

24 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)(ii). 

5 15 U.S.C. 78q–1. 

6 15 U.S.C. 78q–1(b)(3)(F). 

7 15 U.S.C. 78q–1(b)(3)(F). 

provisions of 5 U.S.C. 552, will be 

available for Web site 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 the Exchange. 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– 

NYSEMKT–2014–95 and should be 

submitted on or before December 11, 

2014. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.24

Kevin M. O’Neill, 

Deputy Secretary. 

[FR Doc. 2014–27441 Filed 11–19–14; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–73608; File No. SR–ICEEU– 

2014–19] 

Self-Regulatory Organizations; ICE 

Clear Europe Limited; Notice of Filing 

and Immediate Effectiveness of a 

Proposed Rule Change to Finance 

Procedures 

November 14, 2014. 

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 November 

6, 2014, ICE Clear Europe Limited (‘‘ICE 

Clear Europe’’ or ‘‘the Clearing House’’) 

filed with the Securities and Exchange 

Commission (‘‘Commission’’) the 

proposed rule change described in Items 

I, II and III below, which Items have 

been primarily prepared by ICE Clear 

Europe. ICE Clear Europe filed the 

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

of the Act,3 and Rule 19b–4(f)(4)(ii) 

thereunder,4 so that the proposal was 

effective upon filing with the 

Commission. The Commission is 

publishing this notice to solicit 

comments on the proposed rule change 

from interested persons. 

I. Self-Regulatory Organization’s 

Statement of the Terms of Substance of 

the Proposed Rule Change 

The principal purpose of the 

proposed changes is to facilitate the use 

by F&O Clearing Members of an 

additional triparty collateral service 

provider. 

II. Self-Regulatory Organization’s 

Statement of the Purpose of, and 

Statutory Basis for, the Proposed Rule 

Change 

In its filing with the Commission, ICE 

Clear Europe 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. ICE 

Clear Europe has prepared summaries, 

set forth in sections A, B, and C below, 

of the most significant aspects of these 

statements. 

A. Self-Regulatory Organization’s 

Statement of the Purpose of, and 

Statutory Basis for, the Proposed Rule 

Change 

1. Purpose 

The purpose of the amendments is to 

modify the Finance Procedures to 

appoint Clearstream Banking as an 

additional triparty collateral service 

provider in addition to Euroclear Bank, 

which currently acts as the sole service 

provider. Clearstream Banking will only 

serve as a triparty collateral service 

provider for Original Margin provided 

in respect of F&O Contracts. 

Specifically, changes are made 

throughout paragraph 3 of the Finance 

Procedures to add a reference to 

Clearstream Banking and to remove 

references to Euroclear Bank as the sole 

triparty collateral service provider, as 

appropriate. Paragraph 3.1 has been 

revised to designate Clearstream 

Banking as an additional triparty 

collateral service provider, solely with 

respect to Original Margin provided in 

respect of F&O Contracts. Paragraph 3.2 

has been revised to reflect that there are 

two triparty collateral service providers, 

and to refer to equivalent 

documentation that may be required by 

Clearstream Banking as well as 

Euroclear Bank. Paragraph 3.9 has been 

revised to indicate that the Clearing 

House will provide to Clearing Members 

the relevant account details for the 

Clearing House’s account at each 

triparty collateral service provider. 

Revised paragraph 3.9 also provides that 

the Clearing House will specify relevant 

details of the manner in which a 

Clearing Member may use a pledged 

collateral arrangement in connection 

with a triparty collateral account. 

Current paragraph 3.10, which 

addressed pledged collateral 

arrangements only with Euroclear, has 

been removed as unnecessary. 

Remaining subparagraphs in paragraph 

3 have been renumbered accordingly. 

2. Statutory Basis 

ICE Clear Europe believes that the 

proposed changes are consistent with 

the requirements of Section 17A of the 

Act 5 and the regulations thereunder 

applicable to it. 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 and to assure 

the safeguarding of securities and funds 

which are in the custody or control of 

the clearing agency or for which it is 

responsible. 

The proposed amendments are 

intended to extend the Clearing House’s 

existing triparty collateral service to 

allow optional use by Clearing Members 

of Clearstream Banking as an additional 

triparty collateral service provider with 

respect to Original Margin for F&O 

Contracts. The amendments do not 

otherwise change the substantive terms 

of the service. ICE Clear Europe views 

Clearstream Banking as substantially 

similar to Euroclear, the current service 

provider, from an operational and risk 

perspective and otherwise in terms of 

the safeguarding of funds and securities. 

As a result, ICE Clear Europe believes 

that the proposed changes will not 

adversely affect the safeguarding of 

securities or funds in the custody or 

control of ICE Clear Europe or for which 

it is responsible, and are therefore 

consistent with the requirements of 

Section 17A(b)(3)(F).7

B. Self-Regulatory Organization’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 proposed 

changes will provide additional 

flexibility to F&O Clearing Members by 

permitting the use, on a voluntary basis, 

of an alternative triparty collateral 

service provider. The changes will 

otherwise not affect the terms or 

conditions of any cleared contract or the 


rmajette on DSK2VPTVN1PROD with NOTICES
Federal Register / Vol. 79, No. 224 / Thursday, November 20, 2014 / Notices 69159 

8 15 U.S.C. 78s(b)(3)(A). 

9 17 CFR 240.19b–4(f)(4)(ii). 

10 Id. 11 17 CFR 200.30–3(a)(12). 1 15 U.S.C. 78s(b)(7). 

standards or requirements for 

participation in or use of the Clearing 

House. Accordingly, the changes should 

not, in the Clearing House’s view, affect 

the availability of clearing, access to 

clearing services or the costs of clearing 

for clearing members or other market 

participants. 

C. Self-Regulatory Organization’s 

Statement on Comments on the 

Proposed Rule Change Received From 

Members, Participants or Others 

Written comments relating to the 

proposed changes to the rules have not 

been solicited or received. ICE Clear 

Europe will notify the Commission of 

any written comments received by ICE 

Clear Europe. 

III. Date of Effectiveness of the 

Proposed Rule Change and Timing for 

Commission Action 

The foregoing rule change has become 

effective pursuant to Section 

19(b)(3)(A) 8 of the Act and Rule 19b– 

4(f)(4)(ii) 9 thereunder because it effects 

a change in an existing service of a 

registered clearing agency that primarily 

affects the operations of the clearing 

agency with respect to products that are 

not securities, including futures that are 

not security futures, swaps that are not 

security-based swaps or mixed swaps, 

and forwards that are not security 

forwards, and does not significantly 

affect any securities clearing operations 

of the clearing agency or any rights or 

obligations of the clearing agency with 

respect to securities clearing or persons 

using such securities clearing service, 

within the meaning of Rule 19b– 

4(f)(4)(ii).10 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– 

ICEEU–2014–19 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–2014–19. 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 Web site (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 Web site 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 Web site at https://

www.theice.com/clear-europe/

regulation#rule-filings. 

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–ICEEU–2014–19 and 

should be submitted on or before 

December 11, 2014. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.11

Kevin M. O’Neill, 

Deputy Secretary. 

[FR Doc. 2014–27453 Filed 11–19–14; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–73599; File No. SR–OC– 

2014–05] 

Self-Regulatory Organizations; 

OneChicago, LLC; Notice of Filing of 

Proposed Rule Change To Expand the 

Trading Hours for Bilateral Block 

Trades and Bilateral EFP Trades 

November 14, 2014. 

Pursuant to Section 19(b)(7) of the 

Securities Exchange Act of 1934 (the 

‘‘Act’’),1 notice is hereby given that on 

October 23, 2014, OneChicago, LLC 

(‘‘OneChicago,’’ ‘‘OCX,’’ or the 

‘‘Exchange’’) filed with the Securities 

and Exchange Commission (‘‘SEC’’ or 

‘‘Commission’’) the proposed rule 

change described in Items I, II, and III 

below, which Items have been prepared 

by the self-regulatory organization. The 

Commission is publishing this notice to 

solicit comments on the proposed rule 

change from interested persons. 

OneChicago has also filed this rule 

change with the Commodity Futures 

Trading Commission (‘‘CFTC’’). 

OneChicago filed a written certification 

with the CFTC under Section 5c(c) of 

the Commodity Exchange Act (‘‘CEA’’) 

on October 23, 2014. 

I. Self-Regulatory Organization’s 

Description of the Proposed Rule 

Change 

OCX is proposing to expand its 

Trading Hours for bilateral block trades 

and bilateral Exchange of Future for 

Physical (‘‘EFP’’) trades. Currently, 

bilateral block trades and bilateral EFP 

trades are permitted to be reported to 

the Exchange beginning at 8:00 a.m. 

Central Time (‘‘CT’’) until 4:00 p.m. CT. 

Under the proposed change, market 

participants will be permitted to report 

these bilateral trades beginning at 7:00 

a.m. CT. The closing time for reporting 

bilateral block trades and bilateral EFP 

trades will remain unchanged at 4:00 

p.m. CT. 

The text of the proposed rule change 

is attached as Exhibit 4 to the filing 

submitted by the Exchange but is not 

attached to the published notice of the 

filing. 

II. Self-Regulatory Organization’s 

Statement of the Purpose of, and 

Statutory Basis for, the Proposed Rule 

Change 

In its filing with the Commission, 

OneChicago included statements 

concerning the purpose of and basis for 

the proposed rule change and discussed 

any comments it received on the 


rmajette on DSK2VPTVN1PROD with NOTICES