Notice2022-23582
Self-Regulatory Organizations; LCH SA; Notice of Designation of Longer Period for Commission Action on Proposed Rule Relating To Providing Clearing Services for Additional Index and Single Name CDS
Primary source
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Published
October 31, 2022
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 87 Issue 209 (Monday, October 31, 2022)</title>
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[Federal Register Volume 87, Number 209 (Monday, October 31, 2022)]
[Notices]
[Page 65629]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-23582]
[[Page 65629]]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-96148; File No. SR-LCH SA-2022-007]
Self-Regulatory Organizations; LCH SA; Notice of Designation of
Longer Period for Commission Action on Proposed Rule Relating To
Providing Clearing Services for Additional Index and Single Name CDS
October 25, 2022.
On August 29, 2022, Banque Centrale de Compensation, which conducts
business under the name LCH SA (``LCH SA''), filed with the Securities
and Exchange Commission (``Commission'') the proposed rule change SR-
LCH SA-2022-007 (``Proposed Rule Change'') pursuant to Section 19(b) of
the Securities Exchange Act of 1934 (``Exchange Act'') \1\ and Rule
19b-4 \2\ thereunder to provide clearing services for additional index
and single name credit default swaps.\3\ The Proposed Rule Change was
published for public comment in the Federal Register on September 12,
2022.\4\ The Commission has not received comments regarding the
proposal described in the Proposed Rule Change.
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\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ See Notice of Filing infra note 4, 87 FR at 55872.
\4\ Securities Exchange Act Release No. 95674 (Sep. 6, 2022), 87
FR 55872 (Sep. 12, 2022) (File No. SR-LCH SA-2022-007) (``Notice of
Filing'').
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Section 19(b)(2) of the Exchange Act \5\ 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 of
Filing is October 27, 2022. The Commission is extending this 45-day
time period.
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\5\ 15 U.S.C. 78s(b)(2).
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In order to provide the Commission with sufficient time to consider
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.
Accordingly, the Commission, pursuant to Section 19(b)(2) of the
Exchange Act,\6\ designates December 11, 2022 as the date by which the
Commission shall either approve, disapprove, or institute proceedings
to determine whether to disapprove proposed rule change SR-LCH SA-2022-
007.
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\6\ Id.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\7\
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\7\ 17 CFR 200.30-3(a)(31).
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J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2022-23582 Filed 10-28-22; 8:45 am]
BILLING CODE 8011-01-P
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</html>Indexed from Federal Register on October 31, 2022.
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