Notice2026-01984
Self-Regulatory Organizations; LCH SA; Notice of Designation of a Longer Period for Commission Action on Proposed Rule Change Relating to LCH SA's Default Management Policy, Investment Risk Policy, Liquidity Risk Policy, Settlement, Payment and Custody Risk Policy, Model Governance, Validation and Review Policy and Contract and Market Acceptability Policy
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
February 2, 2026
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 91 Issue 21 (Monday, February 2, 2026)</title>
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[Federal Register Volume 91, Number 21 (Monday, February 2, 2026)]
[Notices]
[Page 4704]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-01984]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-104716; File No. SR-LCH SA-2025-010]
Self-Regulatory Organizations; LCH SA; Notice of Designation of a
Longer Period for Commission Action on Proposed Rule Change Relating to
LCH SA's Default Management Policy, Investment Risk Policy, Liquidity
Risk Policy, Settlement, Payment and Custody Risk Policy, Model
Governance, Validation and Review Policy and Contract and Market
Acceptability Policy
January 28, 2026.
On December 29, 2025, pursuant to Section 19(b)(1) 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 LCH
SA-2025-010 to submit for Commission approval the following policies:
(i) Default Management Policy; (ii) Investment Risk Policy; (iii)
Liquidity Risk Policy; (iv) Settlement, Payment and Custody Risk
Policy; (v) Model Governance, Validation and Review Policy; and (vi)
Contract and Market Acceptability Policy (the ``Proposed Rule
Change''). The Proposed Rule Change was published for public comment in
the Federal Register on January 5, 2026.\3\ The Commission has not
received comments regarding 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 LCH SA's Default Management Policy,
Investment Risk Policy, Liquidity Risk Policy, Settlement, Payment
and Custody Risk Policy, Model Governance, Validation and Review
Policy and Contract and Market Acceptability Policy, Exchange Act
Release No. 34-104529 (Dec. 30, 2025); 91 FR 315 (Jan. 5, 2026) (SR-
LCH SA-2025-010) (``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 19, 2026. 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 5, 2026, 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-2025-
010.
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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. 2026-01984 Filed 1-30-26; 8:45 am]
BILLING CODE 8011-01-P
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</html>Indexed from Federal Register on February 2, 2026.
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