Document ID: SEC-2018-0008-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: ICE Clear Europe Ltd.
Posted Date: 2018-01-02T05:00Z

[Federal Register Volume 83, Number 1 (Tuesday, January 2, 2018)]
[Notices]
[Pages 181-182]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-28307]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-82405; File No. SR-ICEEU-2017-011]

Self-Regulatory Organizations; ICE Clear Europe Limited; Notice 
of Designation of Longer Period for Commission Action on Proposed Rule 
Change To Modify the ICE Clear Europe Limited Collateral and Haircut 
Policy

December 27, 2017.
    On November 2, 2017, ICE Clear Europe Limited (``ICE Clear 
Europe'') filed with the Securities and Exchange Commission 
(``Commission''), pursuant to Section 19(b)(1) of the Securities 
Exchange Act (``Act'') \1\ and Rule 19b-4 thereunder,\2\ a proposed 
rule change to modify the ICE Clear Europe Collateral and Haircut 
Policy to incorporate certain changes to the calculation of absolute 
collateral limits for bonds provided as Permitted Cover by Clearing 
Members. (File No. SR-ICEEU-2017-011). The proposed rule change was 
published for comment in the Federal Register on November 17, 2017.\3\ 
To date, the Commission has not received comments on 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. 34-82063 (November 13, 
2017), 82 FR 54423 (November 17, 2017) (SR-ICEEU-2017-011) 
(``Notice'').
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    Section 19(b)(2) of the Act \4\ provides that within 45 days of the 
publication of notice of the filing of a proposed rule change, or 
within such longer period up to 90 days as the Commission may 
designate, if it finds such longer period to be appropriate and 
publishes its reasons for so finding or as to which the self-regulatory 
organization consents, the Commission shall either approve the proposed 
rule change, disapprove the proposed rule change, or institute 
proceedings to determine whether the proposed rule change should be 
disapproved. The 45th day from the publication of notice of filing of 
this proposed rule change is January 1, 2018.
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    \4\ 15 U.S.C. 78s(b)(2).
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    The Commission is extending the 45-day time period for Commission 
action on the proposed rule change. ICE Clear Europe proposes to modify 
the ICE Clear Europe Collateral and Haircut Policy to incorporate 
certain changes to the calculation of absolute collateral limits for 
bonds provided as Permitted Cover by Clearing Members. The Commission 
finds it is appropriate to designate a longer period within which to 
take action on the proposed rule change so that it has sufficient time 
to consider

[[Page 182]]

ICE Clear Europe's proposed rule change.
    Accordingly, the Commission, pursuant to Section 19(b)(2) \5\ of 
the Act, designates February 15, 2018, as the date by which the 
Commission should either approve or disapprove, or institute 
proceedings to determine whether to disapprove, the proposed rule 
change (File No. SR-ICEEU-2017-011).
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    \5\ 15 U.S.C. 78s(b)(2).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\6\
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    \6\ 17 CFR 200.30-3(a)(31).
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Brent J. Fields,
Secretary.
[FR Doc. 2017-28307 Filed 12-29-17; 8:45 am]
 BILLING CODE 8011-01-P