Notice2021-13287
Self-Regulatory Organizations; Fixed Income Clearing Corporation; Notice of Designation of Longer Period for Commission Action on a Proposed Rule Change To Add the Sponsored GC Service and Make Other Changes
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
June 24, 2021
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 86 Issue 119 (Thursday, June 24, 2021)</title>
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[Federal Register Volume 86, Number 119 (Thursday, June 24, 2021)]
[Notices]
[Page 33420]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2021-13287]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-92185; File No. SR-FICC-2021-003]
Self-Regulatory Organizations; Fixed Income Clearing Corporation;
Notice of Designation of Longer Period for Commission Action on a
Proposed Rule Change To Add the Sponsored GC Service and Make Other
Changes
June 15, 2021.
On May 12, 2021, Fixed Income Clearing Corporation (``FICC'') filed
with the Securities and Exchange Commission (``Commission'') proposed
rule change SR-FICC-2021-003 (``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 June 1, 2021.\3\ The Commission
has 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. 92014 (May 25, 2021), 86
FR 29334 (June 1, 2021) (SR-FICC-2021-003) (``Notice''). FICC also
filed the proposal contained in the Proposed Rule Change as advance
notice SR-FICC-2021-801 (``Advance Notice'') 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 (``Clearing Supervision Act'').
12 U.S.C. 5465(e)(1); 17 CFR 240.19b-4(n)(1)(i). Notice of filing of
the Advance Notice was published for comment in the Federal Register
on June 3, 2021. Securities Exchange Act Release No. 92019 (May 27,
2021), 86 FR 29834 (June 3, 2021) (SR-FICC-2021-801) (``Notice of
Filing''). The proposal contained in the Proposed Rule Change and
the Advance Notice shall not take effect until all regulatory
actions required with respect to the proposal are completed.
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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 after publication of the notice for the Proposed Rule Change
is July 16, 2021.
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\4\ 15 U.S.C. 78s(b)(2).
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The Commission is extending the 45-day 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 it has sufficient time to consider and
take action on the Proposed Rule Change.
Accordingly, pursuant to Section 19(b)(2) of the Act \5\ and for
the reasons stated above, the Commission designates August 30, 2021, as
the date by which the Commission should either approve or disapprove
the Proposed Rule Change SR-FICC-2021-003.
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\5\ Id.
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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J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2021-13287 Filed 6-23-21; 8:45 am]
BILLING CODE 8011-01-P
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</html>Indexed from Federal Register on June 24, 2021.
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