Document ID: SEC-2016-2069-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: The Depository Trust Co.
Posted Date: 2016-11-25T05:00Z

[Federal Register Volume 81, Number 227 (Friday, November 25, 2016)]
[Notices]
[Page 85295]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-28307]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-79351; File No. SR-DTC-2016-008]

Self-Regulatory Organizations; The Depository Trust Company; 
Notice of Designation of a Longer Period for Commission Action on 
Proposed Rule Change Relating to Processing of Transactions in Money 
Market Instruments

November 18, 2016.
    On September 23, 2016, The Depository Trust Company (``DTC'') filed 
with the Securities and Exchange Commission (``Commission'') proposed 
rule change SR-DTC-2016-008 pursuant to Section 19(b)(1) of the 
Securities Exchange Act of 1934 (``Act''),\1\ and Rule 19b-4 
thereunder,\2\ to establish a change in the processing of transactions 
in money market instruments.\3\ The proposed rule change was published 
for comment in the Federal Register on October 11, 2016.\4\ To date, 
the Commission has not received any 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\ On September 23, 2016, DTC also filed this proposed rule 
change as an advance notice (SR-DTC-2016-802) with the Commission 
pursuant to Section 806(e)(1) of the Dodd-Frank Wall Street Reform 
and Consumer Protection Act entitled the Payment, Clearing, and 
Settlement Supervision Act of 2010, 12 U.S.C. 5465(e)(1), and Rule 
19b-4(n)(1)(i) of the Act, 17 CFR 240.19b-4(n)(1)(i). Notice of 
filing of and extension of the review period of the advance notice 
was published for comment in the Federal Register on November 9, 
2016. Securities Exchange Act Release No. 79224 (November 3, 2016), 
81 FR 78884 (November 9, 2016) (SR-DTC-2016-802). The Commission 
shall have until January 21, 2017 to object or not object to the 
advance notice.
    \4\ See Securities Exchange Act Release No. 79046 (October 5, 
2016), 81 FR 70200 (October 11, 2016) (SR-DTC-2016-008).
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    Section 19(b)(2) of the Act \5\ 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 after publication of the notice for this proposed rule change 
is November 25, 2016. The Commission is extending this 45-day time 
period.
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    \5\ 15 U.S.C. 78s(b)(2).
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    In order to provide the Commission with sufficient time to consider 
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. Accordingly, the Commission, pursuant to Section 
19(b)(2) of the Act,\6\ designates January 9, 2017 as the date by which 
the Commission shall either approve, disapprove, or institute 
proceedings to determine whether to disapprove the proposed rule change 
(File No. SR-DTC-2016-008).
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    \6\ Id.
    \7\ 17 CFR 200.30-3(a)(31).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\7\
Brent J. Fields,
Secretary.
[FR Doc. 2016-28307 Filed 11-23-16; 8:45 am]
 BILLING CODE 8011-01-P