Notice2021-15443

Self-Regulatory Organizations; ICE Clear Europe Limited; Notice of Partial Amendment No. 1 and Designation of Longer Period for Commission Action on Proposed Rule Change Relating to the Clearing Rules, Clearing Procedures, Finance Procedures, Delivery Procedures, CDS Procedures, Membership Procedures, Complaint Resolution Procedures, and General Contract Terms

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Published
July 21, 2021

Issuing agencies

Securities and Exchange Commission

Full Text

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<title>Federal Register, Volume 86 Issue 137 (Wednesday, July 21, 2021)</title>
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[Federal Register Volume 86, Number 137 (Wednesday, July 21, 2021)]
[Notices]
[Pages 38521-38522]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2021-15443]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-92418; File No. SR-ICEEU-2021-010]


Self-Regulatory Organizations; ICE Clear Europe Limited; Notice 
of Partial Amendment No. 1 and Designation of Longer Period for 
Commission Action on Proposed Rule Change Relating to the Clearing 
Rules, Clearing Procedures, Finance Procedures, Delivery Procedures, 
CDS Procedures, Membership Procedures, Complaint Resolution Procedures, 
and General Contract Terms

July 15, 2021.

I. Introduction

    On May 13, 2021, 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 (``Act'') 
\1\ and Rule 19b-4 thereunder,\2\ a proposed rule change to amend its 
Clearing Rules, Clearing Procedures, Finance Procedures, Delivery 
Procedures, CDS Procedures, Membership Procedures, Complaint Resolution 
Procedures, and General Contract Terms to make various updates and 
enhancements. The proposed rule change was published for comment in the 
Federal Register on June 2, 2021.\3\ To date, the Commission has not 
received comments on the proposed rule change. On June 16, 2021, ICE 
Clear Europe filed Partial Amendment No. 1 to the proposed rule change. 
The Commission is publishing this notice to solicit comments on Partial 
Amendment No. 1 and to designate a longer period for action on the 
proposed rule change, as modified by Partial Amendment No. 1.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ Self-Regulatory Organizations; ICE Clear Europe Limited; 
Notice of Filing of Proposed Rule Change Relating to the Clearing 
Rules, Clearing Procedures, Finance Procedures, Delivery Procedures, 
CDS Procedures, Membership Procedures, Complaint Resolution 
Procedures and General Contract Terms, Exchange Act Release No. 34-
92020 (May 26, 2021); 86 FR 29612 (June 2, 2021) (SR-ICEEU-2021-
010).
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II. Notice of Partial Amendment No. 1 and Solicitation of Comments

    On June 16, 2021, ICE Clear Europe filed Partial Amendment No. 1 to 
update Exhibit 5D, the Delivery

[[Page 38522]]

Procedures, to correct a formatting error that resulted in the omission 
of several proposed definitions to update references to ICE Clear 
Europe systems.
    Interested persons are invited to submit written data, views, and 
arguments concerning the foregoing, including whether the proposed rule 
change, as modified by Partial Amendment No. 1, is consistent with the 
Act. Comments may be submitted by any of the following methods:

Electronic Comments

    <bullet> Use the Commission's internet comment form (<a href="http://www.sec.gov/rules/sro.shtml">http://www.sec.gov/rules/sro.shtml</a>) or
    <bullet> Send an email to <a href="/cdn-cgi/l/email-protection#5a282f363f77393537373f342e291a293f39743d352c"><span class="__cf_email__" data-cfemail="4f3d3a232a622c2022222a213b3c0f3c2a2c61282039">[email&#160;protected]</span></a>. Please include 
File Number SR-ICEEU-2021-010 on the subject line.

Paper Comments

    <bullet> Send paper comments in triplicate to Secretary, Securities 
and Exchange Commission, 100 F Street NE, Washington, DC 20549-1090.

All submissions should refer to File Number SR-ICEEU-2021-010. This 
file number should be included on the subject line if email is used. To 
help the Commission process and review your comments more efficiently, 
please use only one method. The Commission will post all comments on 
the Commission's internet website (<a href="http://www.sec.gov/rules/sro.shtml">http://www.sec.gov/rules/sro.shtml</a>). 
Copies of the submission, all subsequent amendments, all written 
statements with respect to the proposed rule change, as modified by 
Partial Amendment No. 1, that are filed with the Commission, and all 
written communications relating to the proposed rule change, as 
modified by Partial Amendment No. 1, between the Commission and any 
person, other than those that may be withheld from the public in 
accordance with the provisions of 5 U.S.C. 552, will be available for 
website viewing and printing in the Commission's Public Reference Room, 
100 F Street NE, Washington, DC 20549, on official business days 
between the hours of 10:00 a.m. and 3:00 p.m. Copies of such filings 
will also be available for inspection and copying at the principal 
office of ICE Clear Europe and on ICE Clear Europe's website at <a href="https://www.theice.com/clear-europe/regulation">https://www.theice.com/clear-europe/regulation</a>. All comments received will be 
posted without change. Persons submitting comments are cautioned that 
we do not redact or edit personal identifying information from comment 
submissions. You should submit only information that you wish to make 
available publicly. All submissions should refer to File Number SR-
ICEEU-2021-010 and should be submitted on or before August 11, 2021.

III. Designation of Longer Period for Action on the Proposed Rule 
Change, as Modified by Partial Amendment No. 1

    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 July 17, 2021.
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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, as modified by by Partial Amendment 
No. 1. 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 ICE Clear Europe's proposed rule 
change, as modified by by Partial Amendment No. 1.
    Accordingly, pursuant to Section 19(b)(2) \5\ of the Act, and for 
the reasons discussed above, the Commission designates August 31, 2021, 
as the date by which the Commission should either approve or 
disapprove, or institute proceedings to determine whether to 
disapprove, the proposed rule change, as modified by by Partial 
Amendment No. 1. (File No. SR-ICEEU-2021-010).
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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\
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2021-15443 Filed 7-20-21; 8:45 am]
BILLING CODE 8011-01-P


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