Notice2024-03898
Self-Regulatory Organizations; LCH SA; Notice of Designation of Longer Period for Commission Action on Proposed Rule Change Relating to the Liquidity Risk Modelling Framework
Primary source
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Published
February 27, 2024
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 89 Issue 39 (Tuesday, February 27, 2024)</title>
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[Federal Register Volume 89, Number 39 (Tuesday, February 27, 2024)]
[Notices]
[Page 14538]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-03898]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-99569; File No. SR-LCH SA-2023-007]
Self-Regulatory Organizations; LCH SA; Notice of Designation of
Longer Period for Commission Action on Proposed Rule Change Relating to
the Liquidity Risk Modelling Framework
February 21, 2024.
On December 22, 2023, pursuant to Section 19(b) of the Securities
Exchange Act of 1934 (``Exchange Act'') \1\ and Rule 19b-4 \2\
thereunder, 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-2023-007 regarding its liquidity risk modelling framework (the
``Proposed Rule Change''). The Proposed Rule Change was published for
public comment in the Federal Register on January 11, 2024.\3\ 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\ Self-Regulatory Organizations; LCH SA; Notice of Filing of
Proposed Rule Change Relating to Liquidity Risk Modelling Framework,
Exchange Act Release No. 34-99277 (Jan. 5, 2024); 89 FR 1952 (Jan.
11, 2024) (SR-LCH SA-2023-007) (``Notice'').
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Section 19(b)(2) of the Exchange 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 is
February 25, 2024. The Commission is extending this 45-day time period.
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\4\ 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,\5\ designates April 10, 2024 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-2023-
007.
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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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Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024-03898 Filed 2-26-24; 8:45 am]
BILLING CODE 8011-01-P
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</html>Indexed from Federal Register on February 27, 2024.
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