Document ID: SEC-2015-1505-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: ICE Clear Credit, LLC
Posted Date: 2015-09-10T04:00Z

[Federal Register Volume 80, Number 175 (Thursday, September 10, 2015)]
[Notices]
[Pages 54627-54628]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-22748]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-75836; File No. SR-ICC-2015-013]

Self-Regulatory Organizations; ICE Clear Credit LLC; Notice of 
Designation of Longer Period for Commission Action on Proposed Rule 
Change To Provide for the Clearance of Additional Western European 
Sovereign Single Names

September 3, 2015.
    On July 6, 2015, ICE Clear Credit LLC (``ICC'') 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 provide the 
basis for ICC to clear additional credit default swap contracts (SR-
ICC-2015-013). The proposed rule change was published for comment in 
the Federal

[[Page 54628]]

Register on July 21, 2015.\3\ To date, the Commission has not received 
comments on the proposal.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ Securities Exchange Act Release No. 34-75456 (July 15, 
2015), 80 FR 43146 (July 21, 2015) (SR-ICC-2015-013).
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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 September 4, 2015.
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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. ICC's proposed rule change would 
provide the basis for ICC to include the Federal Republic of Germany, 
the French Republic and the United Kingdom of Great Britain and 
Northern Ireland in the list of specific Eligible Standard Western 
European Sovereign (``SWES'') Reference Entities to be cleared by ICC. 
Because the proposed rule change is dependent on the approval and 
implementation of the proposed rule change in SR-ICC-2015-009, which is 
currently under Commission review, the Commission finds it 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,\5\ designates October 19, 2015, 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-ICC-2015-013).
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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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Robert W. Errett,
Deputy Secretary.
[FR Doc. 2015-22748 Filed 9-9-15; 8:45 am]
BILLING CODE 8011-01-P