Notice2024-21745
Self-Regulatory Organizations; The Options Clearing Corporation; Notice of Withdrawal of a Proposed Rule Change by The Options Clearing Corporation Concerning Its Process for Adjusting Certain Parameters in Its Proprietary System for Calculating Margin Requirements During Periods When the Products It Clears and the Markets It Serves Experience High Volatility
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 24, 2024
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 89 Issue 185 (Tuesday, September 24, 2024)</title>
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[Federal Register Volume 89, Number 185 (Tuesday, September 24, 2024)]
[Notices]
[Page 77945]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-21745]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-101095; File No. SR-OCC-2024-001]
Self-Regulatory Organizations; The Options Clearing Corporation;
Notice of Withdrawal of a Proposed Rule Change by The Options Clearing
Corporation Concerning Its Process for Adjusting Certain Parameters in
Its Proprietary System for Calculating Margin Requirements During
Periods When the Products It Clears and the Markets It Serves
Experience High Volatility
September 18, 2024.
On January 10, 2024, the Options Clearing Corporation (``OCC'')
filed with the Securities and Exchange Commission (``Commission''),
pursuant to Section 19(b)(3)(A) of the Securities Exchange Act of 1934
(``Exchange Act'') \1\ and Rule 19b-4 thereunder,\2\ a proposed rule
change to codify OCC's process for adjusting certain parameters in its
proprietary system for calculating margin requirements during periods
when the products OCC clears and the markets it serves experience high
volatility (``Proposal'').\3\ The Proposal was published for comment in
the Federal Register on January 25, 2024.\4\ The Commission has
received comments regarding the proposed rule change.\5\
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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, at 89 FR 5062.
\4\ See Securities Exchange Act Release No. 99393 (Jan. 19,
2024), 89 FR 5062 (Jan. 25, 2024) (File No. SR-OCC-2024-001).
\5\ Comments on the proposed rule change are available at
<a href="https://www.sec.gov/comments/sr-occ-2024-001/srocc2024001.htm">https://www.sec.gov/comments/sr-occ-2024-001/srocc2024001.htm</a>.
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On February 23, 2024, pursuant to the Section 19(b)(2) of the
Exchange Act,\6\ the Commission designated a longer period within which
to approve, disapprove, or institute proceedings to determine whether
to approve the Proposal.\7\ On April 22, 2024, the Commission
instituted proceedings, pursuant to Section 19(b)(2)(B) of the Exchange
Act,\8\ to determine whether to approve or disapprove the Proposal.\9\
On July 18, 2024, the Commission designated a longer period within
which to determine whether to approve or disapprove the Proposal.\10\
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\6\ 15 U.S.C. 78s(b)(2).
\7\ See Securities Exchange Act Release No. 99594 (Feb. 23,
2024), 89 FR 14909 (Feb. 29, 2024) (File No. SR-OCC-2024-001).
\8\ 15 U.S.C. 78s(b)(2)(B).
\9\ See Securities Exchange Act Release No. 100009 (Apr. 22,
2024), 89 FR 32469 (Apr. 26, 2024) (File No. SR-OCC-2024-001).
\10\ See Securities Exchange Act Release No. 100552 (July 18,
2024), 89 FR 59940 (July 24, 2024) (File No. SR-OCC-2024-001).
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On September 17, 2024, OCC withdrew the Proposal (SR-OCC-2024-001).
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\11\
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\11\ 17 CFR 200.30-3(a)(12).
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Vanessa A. Countryman,
Secretary.
[FR Doc. 2024-21745 Filed 9-23-24; 8:45 am]
BILLING CODE 8011-01-P
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</html>Indexed from Federal Register on September 24, 2024.
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