Document ID: SEC-2022-0859-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: The Depository Trust Co.
Posted Date: 2022-06-29T04:00Z

[Federal Register Volume 87, Number 124 (Wednesday, June 29, 2022)]
[Notices]
[Page 38786]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-13812]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-95143; File No. SR-DTC-2021-017]

Self-Regulatory Organizations; The Depository Trust Company; 
Notice of Designation of Longer Period for Commission Action on 
Proceedings To Determine Whether To Approve or Disapprove a Proposed 
Rule Change To Enhance Capital Requirements and Make Other Changes

 June 23, 2022.
    On December 13, 2021, The Depository Trust Company (``DTC'') filed 
with the Securities and Exchange Commission (``Commission'') proposed 
rule change SR-DTC-2021-017 (the ``Proposed Rule Change'') pursuant to 
Section 19(b)(1) of the Securities Exchange Act of 1934 (``Act'') \1\ 
and Rule 19b-4 thereunder.\2\ The Proposed Rule Change was published 
for comment in the Federal Register on December 29, 2021,\3\ and the 
Commission received no comment letters regarding the changes proposed 
in the Proposed Rule Change.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ Securities Exchange Act Release No. 93854 (December 22, 
2021), 86 FR 74122 (December 29, 2021) (File No. SR-DTC-2021-017) 
(``Notice'').
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    On January 26, 2022, pursuant to Section 19(b)(2) of the Act,\4\ 
the Commission designated a longer period within which to approve, 
disapprove, or institute proceedings to determine whether to approve or 
disapprove the Proposed Rule Change.\5\ On March 23, 2022, the 
Commission instituted proceedings, pursuant to Section 19(b)(2)(B) of 
the Act,\6\ to determine whether to approve or disapprove the Proposed 
Rule Change.\7\
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    \4\ 15 U.S.C. 78s(b)(2).
    \5\ Securities Exchange Act Release No. 94067 (January 26, 
2022), 87 FR 5548 (February 1, 2022) (File No. SR-DTC-2021-017).
    \6\ 15 U.S.C. 78s(b)(2)(B).
    \7\ Securities Exchange Act Release No. 94495 (March, 23, 2022), 
87 FR 18451 (March, 30, 2022) (SR-DTC-2021-017).
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    Section 19(b)(2) of the Act \8\ provides that proceedings to 
determine whether to approve or disapprove a proposed rule change must 
be concluded within 180 days of the date of publication of notice of 
filing of the proposed rule change. The time for conclusion of the 
proceedings may be extended for up to 60 days if the Commission 
determines that a longer period is appropriate and publishes the 
reasons for such determination.\9\ The 180th day after publication of 
the Notice in the Federal Register is June 27, 2022.
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    \8\ 15 U.S.C. 78s(b)(2).
    \9\ 15 U.S.C. 78s(b)(2)(B)(ii)(II).
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    The Commission is extending the period for Commission action on the 
Proposed Rule Change. The Commission finds that it is appropriate to 
designate a longer period within which to take action on the Proposed 
Rule Change so that the Commission has sufficient time to consider the 
issues raised by the Proposed Rule Change and to take action on the 
Proposed Rule Change. Accordingly, pursuant to Section 
19(b)(2)(B)(ii)(II) of the Act,\10\ the Commission designates August 
26, 2022, as the date by which the Commission should either approve or 
disapprove the Proposed Rule Change SR-DTC-2021-017.
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    \10\ Id.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\11\
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    \11\ 17 CFR 200.30-3(a)(57).
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J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2022-13812 Filed 6-28-22; 8:45 am]
BILLING CODE 8011-01-P