Self-Regulatory Organizations; CME Securities Clearing Inc.; Notice of Designation of Longer Period for Commission Action on Proposed Rule Change To Adopt Standards for Establishing Cross-Margin Arrangements and Adopt a Cross-Margin Arrangement With Chicago Mercantile Exchange Inc.

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<title>Federal Register, Volume 91 Issue 196 (Tuesday, October 13, 2026)</title>
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[Federal Register Volume 91, Number 196 (Tuesday, October 13, 2026)]
[Notices]
[Pages 64995-64996]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-20794]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-106619; File No. SR-CMESC-2026-007]


Self-Regulatory Organizations; CME Securities Clearing Inc.; 
Notice of Designation of Longer Period for Commission Action on 
Proposed Rule Change To Adopt Standards for Establishing Cross-Margin 
Arrangements and Adopt a Cross-Margin Arrangement With Chicago 
Mercantile Exchange Inc.

October 7, 2026.
    On August 18, 2026, CME Securities Clearing Inc. (``CMESC'') filed 
with the Securities and Exchange Commission (``Commission'') the 
proposed rule change SR-CMESC-2026-007 (``Proposed Rule Change'') 
pursuant to Section 19(b) of the Securities Exchange Act of 1934 
(``Exchange Act'') \1\ and Rule 19b-4 \2\ thereunder to establish a 
cross-margining arrangement and modify the CMESC Rulebook (``Rules'') 
and clearing risk management policies accordingly. The Proposed Rule 
Change was published for comment in the Federal Register on August 31, 
2026.\3\ The Commission has received comments regarding the substance 
of the changes proposed in the Proposed Rule Change.\4\
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Securities Exchange Act Release No. 106193 (Aug. 26, 
2026), 91 FR 55940 (Aug. 31, 2026) (File No. SR-CMESC-2026-007) 
(``Notice of Filing'').
    \4\ Comments on the Proposed Rule Change are available at 
<a href="https://www.sec.gov/rules-regulations/public-comments/sr-cmesc-2026-007">https://www.sec.gov/rules-regulations/public-comments/sr-cmesc-2026-007</a>.
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    Section 19(b)(2)(i) of the Exchange Act \5\ provides that, within 
45 days of the publication of notice of the filing of a proposed rule 
change, 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 unless 
the Commission extends the period within which it must act as provided 
in Section 19(b)(2)(ii) of the Exchange Act.\6\ Section 19(b)(2)(ii) of 
the Exchange Act allows the Commission to designate a longer period for 
review (up to 90 days from the publication of notice of the filing of a 
proposed rule change) if the Commission finds such longer period to be 
appropriate and publishes its reasons for so finding, or as to which 
the self-regulatory organization consents.\7\
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    \5\ 15 U.S.C. 78s(b)(2)(i).
    \6\ 15 U.S.C. 78s(b)(2)(ii).
    \7\ Id.
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    The 45th day after publication of the Notice of Filing is October 
15, 2026. 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 and therefore is extending this 45-day time 
period.
    Accordingly, the Commission, pursuant to Section 19(b)(2) of the 
Exchange Act,\8\ designates November 29, 2026, as the date by which the 
Commission shall either approve, disapprove, or institute proceedings 
to determine whether to disapprove proposed rule change SR-CMESC-2026-
007.
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    \8\ Id.


[[Page 64996]]


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    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\9\
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    \9\ 17 CFR 200.30-3(a)(12).
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Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2026-20794 Filed 10-9-26; 8:45 am]
BILLING CODE 8011-01-P


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