Document ID: SEC-2022-0212-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: The Depository Trust Co.
Posted Date: 2022-02-11T05:00Z

[Federal Register Volume 87, Number 29 (Friday, February 11, 2022)]
[Notices]
[Page 8061]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-02915]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-94167; File No. SR-DTC-2021-014]

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 Provide Settlement Services for Transactions Entered 
Into Under the Proposed Securities Financing Transaction Clearing 
Service of the National Securities Clearing Corporation

February 7, 2022.
    On July 22, 2021, The Depository Trust Company (``DTC'') filed with 
the Securities and Exchange Commission (``Commission'') proposed rule 
change SR-DTC-2021-014 (``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 August 11, 2021.\3\ The Commission received 
no comment letters 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. 92572 (August 5, 2021), 
86 FR 44077 (August 11, 2021) (SR-DTC-2021-014) (``Notice'').
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    On September 2, 2021, 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 November 5, 2021, 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. 92861 (September 2, 
2021), 86 FR 50570 (September 9, 2021) (SR-DTC-2021-014).
    \6\ 15 U.S.C. 78s(b)(2)(B).
    \7\ Securities Exchange Act Release No. 93533 (November 5, 
2021), 86 FR 62853 (November 12, 2021) (SR-DTC-2021-014).
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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 February 7, 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 April 8, 
2022, as the date by which the Commission should either approve or 
disapprove the Proposed Rule Change SR-DTC-2021-014.
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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. 2022-02915 Filed 2-10-22; 8:45 am]
BILLING CODE 8011-01-P