Notice2024-19643
Self-Regulatory Organizations; Depository Trust Company; Notice of Withdrawal of a Proposed Rule Change To Modify the DTC Operational Arrangements (Necessary for Securities To Become and Remain Eligible for DTC Services)
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
September 3, 2024
Issuing agencies
Securities and Exchange Commission
Full Text
<html>
<head>
<title>Federal Register, Volume 89 Issue 170 (Tuesday, September 3, 2024)</title>
</head>
<body><pre>
[Federal Register Volume 89, Number 170 (Tuesday, September 3, 2024)]
[Notices]
[Page 71773]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-19643]
=======================================================================
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-100838; File No. SR-DTC-2024-007]
Self-Regulatory Organizations; Depository Trust Company; Notice
of Withdrawal of a Proposed Rule Change To Modify the DTC Operational
Arrangements (Necessary for Securities To Become and Remain Eligible
for DTC Services)
August 27, 2024.
On July 26, 2024, the Depository Trust Company (``DTC'') filed with
the Securities and Exchange Commission (``Commission''), pursuant to
Section 19(b)(3)(A) of the Securities Exchange Act of 1934 (``Act'')
\1\ and Rule 19b-4(f)(6) thereunder,\2\ a proposed rule change to amend
the DTC Operational Arrangements (Necessary for Securities to Become
and Remain Eligible for DTC Services) (the ``OA'') to (i) insert,
consolidate and update the procedures for an Agent processing a
reorganizations event, offer, or solicitation (each, an ``Offer'')
through the DTC Automated Tender Offer Program (``ATOP'') \3\ system or
Automated Subscription Offer Program (``ASOP'') \4\ system in order to
better align with current processing, and (ii) make related technical
and clarifying changes relating to Offers processed through ATOP or
ASOP (``Proposal'').
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78s(b)(3)(A).
\2\ 17 CFR 240.19b-4(f)(6).
\3\ For the history of ATOP, see Securities Exchange Act Release
Nos. 26538 (Feb. 13,1989), 54 FR 7316 (Feb. 17, 1989) (SR-DTC-88-
19); 27139 (Aug. 14, 1989), 54 FR 34841 (Aug. 22, 1989) (SR-DTC-88-
19); 29168 (May 7, 1991), 56 FR 22742 (May 16, 1991) (SR-DTC-91-04);
30678 (May 7, 1992), 57 FR 20541 (May 13, 1992) (SR-DTC-91-11); and
32645 (July 16, 1993), 58 FR 39585 (SR-DTC-92-12).
\4\ For more information about ASOP, see Securities Exchange Act
Release No. 35108 (Dec. 16, 1994), 59 FR 67356 (Dec. 29, 1994) (SR-
DTC-94-15).
---------------------------------------------------------------------------
The Proposal was published for comment in the Federal Register on
August 7, 2024.\5\
---------------------------------------------------------------------------
\5\ See Securities Exchange Act Release No. 100637 (Aug. 1,
2024), 89 FR 64511 (Aug. 7, 2024).
---------------------------------------------------------------------------
On August 23, 2024, DTC withdrew the Proposal (SR-DTC-2024-07).
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\6\
---------------------------------------------------------------------------
\6\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024-19643 Filed 8-30-24; 8:45 am]
BILLING CODE 8011-01-P
</pre></body>
</html>Indexed from Federal Register on September 3, 2024.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.