Document ID: SEC-2016-0692-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: ICE Clear Europe, Ltd.
Posted Date: 2016-04-21T04:00Z

[Federal Register Volume 81, Number 77 (Thursday, April 21, 2016)]
[Notices]
[Page 23531]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-09206]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-77634; File No. SR-ICEEU-2016-004]

Self-Regulatory Organizations; ICE Clear Europe Limited; Notice 
of Designation of Longer Period for Commission Action on Proposed Rule 
Change Relating to Additions to Permitted Cover

April 15, 2016.
    On February 10, 2016, 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 of 1934 (``Act''),\1\ and Rule 19b-4 thereunder,\2\ 
proposed rule changes to provide additional categories of securities, 
including treasury bills and floating and inflation-linked government 
bonds (the ``Additional Permitted Cover'') to ICE Clear Europe to 
satisfy certain margin requirements. The proposed rule change was 
published for comment in the Federal Register on March 2, 2016.\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. 34-77234 (Feb. 25, 
2015), 81 FR 10949 (Mar. 2, 2016) (SR-ICEEU-2016-004).
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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 April 16, 2016. The Commission is extending the 45-day time 
period for Commission action on the proposed rule change. In order to 
provide the Commission with sufficient time to consider the proposed 
rule change, the Commission finds it is appropriate to designate a 
longer period within which to take action on the proposed rule change.
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    \4\ 15 U.S.C. 78s(b)(2).
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    Accordingly, the Commission, pursuant to Section 19(b)(2) of the 
Act,\5\ designates May 31, 2016, 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-2016-004).
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    \5\ 15 U.S.C. 78s(b)(2).
    \6\ 17 CFR 200.30-3(a)(31).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\6\
Brent J. Fields,
Secretary.
[FR Doc. 2016-09206 Filed 4-20-16; 8:45 am]
 BILLING CODE 8011-01-P