
[Federal Register Volume 81, Number 211 (Tuesday, November 1, 2016)]
[Notices]
[Page 75865]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-26302]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-79165; File Nos. SR-DTC-2016-007; SR-FICC-2016-005; SR-
NSCC-2016-003]


Self-Regulatory Organizations; The Depository Trust Company; 
Fixed Income Clearing Corporation; National Securities Clearing 
Corporation; Notice of Designation of a Longer Period for Commission 
Action on Proposed Rule Changes Relating to Clearing Agency Investment 
Policy

October 26, 2016.
    On August 25, 2016, The Depository Trust Company (``DTC''), Fixed 
Income Clearing Corporation (``FICC''), and National Securities 
Clearing Corporation (``NSCC'', and together with DTC and FICC, the 
``Clearing Agencies'') filed with the Securities and Exchange 
Commission (``Commission'') proposed rule changes SR-DTC-2016-007, SR-
FICC-2016-005, and SR-NSCC-2016-003 pursuant to Section 19(b)(1) of the 
Securities Exchange Act of 1934 (``Act''),\1\ and Rule 19b-4 
thereunder,\2\ to adopt the Clearing Agency Investment Policy, which 
governs the investment of funds of the Clearing Agencies. The proposed 
rule changes were published for comment in the Federal Register on 
September 13, 2016.\3\ To date, the Commission has not received any 
comments on the proposed rule changes.
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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. 78778 (September 7, 
2016), 81 FR 62963 (September 13, 2016) (SR-DTC-2016-007; SR-FICC-
2016-005; SR-NSCC-2016-003).
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    Section 19(b)(2) of the 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 for these proposed rule 
changes is October 28, 2016. 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 changes, the Commission finds that it is appropriate 
to designate a longer period within which to take action on the 
proposed rule changes. Accordingly, the Commission, pursuant to Section 
19(b)(2) of the Act,\5\ designates December 12, 2016 as the date by 
which the Commission shall either approve, disapprove, or institute 
proceedings to determine whether to disapprove the proposed rule 
changes (File Nos. SR-DTC-2016-007; SR-FICC-2016-005; SR-NSCC-2016-
003).
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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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Brent J. Fields,
Secretary.
[FR Doc. 2016-26302 Filed 10-31-16; 8:45 am]
 BILLING CODE 8011-01-P


