[Federal Register Volume 84, Number 171 (Wednesday, September 4, 2019)]
[Notices]
[Page 46588]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-19007]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-86799; File No. SR-ICC-2019-007]


Self-Regulatory Organizations; ICE Clear Credit LLC; Notice of 
Designation of Longer Period for Commission Action on Proposed Rule 
Change Relating to the ICC Rules, ICC End-of-Day Price Discovery 
Policies and Procedures, and ICC Risk Management Framework

August 28, 2019.
    On June 28, 2019, ICE Clear Credit LLC (``ICC''), filed with the 
Securities and Exchange Commission (``Commission''), pursuant to 
Section 19(b)(1) of the Securities Exchange Act (``Act'') \1\ and Rule 
19b-4 thereunder,\2\ a proposed rule change to make certain changes to 
ICC's Clearing Rules and related procedures to provide for the clearing 
of credit default index swaptions. The proposed rule change was 
published for comment in the Federal Register on July 17, 2019.\3\ To 
date, the Commission has not received comments on the proposed rule 
change.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ Securities Exchange Act Release No. 86358 (July 11, 2019), 
84 FR 34220 (July 17, 2019) (SR-ICC-2019-007).
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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 from the publication of notice of filing of this proposed rule 
change is August 31, 2019.
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    \4\ 15 U.S.C. 78s(b)(2).
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    The Commission is extending the 45-day time period for Commission 
action on the proposed rule change, in which ICC would introduce 
clearing of credit default index swaptions. The Commission finds it is 
appropriate to designate a longer period within which to take action on 
the proposed rule change so that it has sufficient time to consider 
ICC's proposed rule change.
    Accordingly, pursuant to Section 19(b)(2) \5\ of the Act, and for 
the reasons discussed above, the Commission designates October 15, 
2019, as the date by which the Commission should either approve or 
disapprove, or institute proceedings to determine whether to 
disapprove, the proposed rule change (File No. SR-ICC-2019-007).
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    \5\ 15 U.S.C. 78s(b)(2).

    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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Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2019-19007 Filed 9-3-19; 8:45 am]
 BILLING CODE 8011-01-P


