Notice2023-13564
Self-Regulatory Organizations; ICE Clear Europe Limited; Notice of Designation of Longer Period for Commission Action on Proposed Rule Change, as Modified by Amendment No. 1, Relating to Amendments to the Clearing Rules
Primary source
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Published
June 27, 2023
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 88 Issue 122 (Tuesday, June 27, 2023)</title>
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[Federal Register Volume 88, Number 122 (Tuesday, June 27, 2023)]
[Notices]
[Page 41711]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-13564]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-97780; File No. SR-ICEEU-2023-010]
Self-Regulatory Organizations; ICE Clear Europe Limited; Notice
of Designation of Longer Period for Commission Action on Proposed Rule
Change, as Modified by Amendment No. 1, Relating to Amendments to the
Clearing Rules
June 21, 2023.
On April 21, 2023, ICE Clear Europe Limited filed with the
Securities and Exchange Commission (``Commission'') the proposed rule
change SR-ICEEU-2023-010 (``Proposed Rule Change'') pursuant to Section
19(b) of the Securities Exchange Act of 1934 (``Exchange Act'') \1\ and
Rule 19b-4 \2\ thereunder a proposed rule change regarding the
treatment of non-default losses.\3\ The Proposed Rule Change was
published for public comment in the Federal Register on May 10,
2023.\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, 88 FR 30187.
\4\ Self-Regulatory Organizations; ICE Clear Europe Limited;
Notice of Filing of Proposed Rule Change, as Modified by Amendment
No. 1, Relating to Amendments to the Clearing Rules, Exchange Act
Release No. 34-97429 (May 4, 2023); 88 FR 30187 (May 10, 2023) (SR-
ICEEU-2023-010) (``Notice'').
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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 June 24, 2023. 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 August 8, 2023 as the date by which the
Commission shall either approve, disapprove, or institute proceedings
to determine whether to disapprove proposed rule change SR-ICEEU-2023-
010.
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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. 2023-13564 Filed 6-26-23; 8:45 am]
BILLING CODE 8011-01-P
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