Document ID: SEC-2018-0174-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: LCH SA
Posted Date: 2018-01-29T05:00Z

[Federal Register Volume 83, Number 19 (Monday, January 29, 2018)]
[Notices]
[Page 4081]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-01539]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-82571; File No. SR-LCH SA-2017-013]

Self-Regulatory Organizations; LCH SA; Notice of Designation of 
Longer Period for Commission Action on Proposed Rule Change To Adopt 
LCH SA's Wind Down Plan

January 23, 2018.
    On December 7, 2017, Banque Centrale de Compensation, which 
conducts business under the name LCH SA (``LCH SA''), filed with the 
Securities and Exchange Commission (``Commission''), pursuant to 
Section 19(b)(1) of the Securities Exchange Act of 1934 (``Act'') \1\ 
and Rule 19b-4 thereunder \2\ a proposed rule change to adopt an 
updated wind down plan (the ``WDP''). (File No. SR-LCH SA-2017-013). 
The proposed rule change was published for comment in the Federal 
Register on December 19, 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- 82317 (December 13, 
2017), 82 FR 60238 (December 19, 2017) (SR-LCH SA-2017-013) 
(``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 February 2, 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. LCH SA proposes to adopt an updated 
WDP. 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 LCH SA's proposed rule change.
    Accordingly, the Commission, pursuant to Section 19(b)(2) \5\ of 
the Act, designates March 19, 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-
LCH SA-2017-013).
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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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Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-01539 Filed 1-26-18; 8:45 am]
 BILLING CODE 8011-01-P