[Federal Register Volume 87, Number 209 (Monday, October 31, 2022)]
[Notices]
[Page 65629]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-23582]



[[Page 65629]]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-96148; File No. SR-LCH SA-2022-007]


Self-Regulatory Organizations; LCH SA; Notice of Designation of 
Longer Period for Commission Action on Proposed Rule Relating To 
Providing Clearing Services for Additional Index and Single Name CDS

October 25, 2022.
    On August 29, 2022, 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 SR-
LCH SA-2022-007 (``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 provide clearing services for additional index 
and single name credit default swaps.\3\ The Proposed Rule Change was 
published for public comment in the Federal Register on September 12, 
2022.\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\ See Notice of Filing infra note 4, 87 FR at 55872.
    \4\ Securities Exchange Act Release No. 95674 (Sep. 6, 2022), 87 
FR 55872 (Sep. 12, 2022) (File No. SR-LCH SA-2022-007) (``Notice of 
Filing'').
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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 of 
Filing is October 27, 2022. 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 December 11, 2022 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-2022-
007.
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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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J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2022-23582 Filed 10-28-22; 8:45 am]
BILLING CODE 8011-01-P


