Notice2025-11420
Self-Regulatory Organizations; The Options Clearing Corporation; Notice of Designation of Longer Period for Commission Action on Proposed Rule Change, as Modified by Partial Amendment No. 1, Concerning Modifications to OCC's Recovery and Orderly Wind-Down Plan (“RWD Plan” or “Plan”) To Align With the Recently Adopted SEC RWD Rule
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
June 23, 2025
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 90 Issue 118 (Monday, June 23, 2025)</title>
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[Federal Register Volume 90, Number 118 (Monday, June 23, 2025)]
[Notices]
[Page 26632]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-11420]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-103280; File No. SR-OCC-2025-005]
Self-Regulatory Organizations; The Options Clearing Corporation;
Notice of Designation of Longer Period for Commission Action on
Proposed Rule Change, as Modified by Partial Amendment No. 1,
Concerning Modifications to OCC's Recovery and Orderly Wind-Down Plan
(``RWD Plan'' or ``Plan'') To Align With the Recently Adopted SEC RWD
Rule
June 17, 2025.
On April 17, 2025, pursuant to Section 19(b) of the Securities
Exchange Act of 1934 (``Exchange Act'') \1\ and Rule 19b-4 \2\
thereunder, the Options Clearing Corporation (``OCC'') filed with the
Securities and Exchange Commission (``Commission'') the proposed rule
change SR-OCC-2025-005 making modifications to its RWD Plan. On April
28, 2025, OCC filed Partial Amendment No. 1 to the proposed rule change
to make certain changes to the narrative description of the filing as
well as the exhibits provided by OCC.\3\ The proposed rule change, as
modified by Partial Amendment No. 1 (hereafter ``the Proposed Rule
Change''), was published for public comment in the Federal Register on
May 7, 2025.\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\ Partial Amendment No. 1 corrects and error in OCC's original
narrative description of the Proposed Rule Change. The amendment
also modified the Exhibit 5 to File No. SR-OCC-2025 to accurately
mark the Proposed Rule Changes against the currently effective RWD
Plan and makes conforming changes to the narrative description of
the Proposed Rule Change.
\4\ Notice of Filing of Proposed Rule Change, as Modified by
Partial Amendment No. 1, by The Options Clearing Corporation
Concerning Modifications to OCC's Recovery and Orderly Wind-Down
Plan (``RWD Plan'' or ``Plan'') To Align With the Recently Adopted
SEC RWD Rule, Exchange Act Release No. 102962 (May 1, 2025); 90 FR
19346 (May 7, 2025) (File No. SR-OCC-2025-005) (``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 is
June 21, 2025. 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 5, 2025, as the date by which the
Commission shall either approve, disapprove, or institute proceedings
to determine whether to disapprove the Proposed Rule Change.
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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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Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2025-11420 Filed 6-20-25; 8:45 am]
BILLING CODE 8011-01-P
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</html>Indexed from Federal Register on June 23, 2025.
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