87 FR 219 pg. 68529 - Self-Regulatory Organizations; The Options Clearing Corporation Notice of Designation of Longer Period for Commission Action on Proposed Rule Change by The Options Clearing Corporation Concerning a Risk Management Framework and Corporate Risk Management Policy
Type: NOTICEVolume: 87Number: 219Page: 68529
Page: 68529Docket number: [Release No. 34-96275; File No. SR-OCC-2022-010]
FR document: [FR Doc. 2022-24769 Filed 11-14-22; 8:45 am]
Agency: Securities and Exchange Commission
Official PDF Version: PDF Version
[top]
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-96275; File No. SR-OCC-2022-010]
Self-Regulatory Organizations; The Options Clearing Corporation Notice of Designation of Longer Period for Commission Action on Proposed Rule Change by The Options Clearing Corporation Concerning a Risk Management Framework and Corporate Risk Management Policy
November 8, 2022.
On September 6, 2022, the Options Clearing Corporation ("OCC") filed with the Securities and Exchange Commission ("Commission") the proposed rule change SR-OCC-2022-010 pursuant to Section 19(b) of the Securities Exchange Act of 1934 ("Exchange Act")? 1 and Rule 19b-4? 2 thereunder to replace OCC's current Risk Management Framework Policy ("RMFP") with two new documents: a Risk Management Framework ("RMF") as well as a Corporate Risk Management Policy ("CRMP"). 3 The proposed rule change was published for public comment in the Federal Register on September 26, 2022. 4 The Commission has not received comments regarding the proposal described in the Proposed Rule Change.
Footnotes:
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 58409.
4 ?Securities Exchange Act Release No. 95842 (Sept. 20, 2022), 87 FR 58409 (Sept. 26, 2022) (File No. SR-OCC-2022-010) ("Notice of Filing").
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 November 10, 2022. The Commission is extending this 45-day time period.
Footnotes:
5 ?15 U.S.C. 78s(b)(2).
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 25, 2022 as the date by which the Commission shall either approve, disapprove, or institute proceedings to determine whether to disapprove proposed rule change SR-OCC-2022-010.
Footnotes:
6 ? Id.
For the Commission, by the Division of Trading and Markets, pursuant to delegated authority. 7
Footnotes:
7 ?17 CFR 200.30-3(a)(31).
J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2022-24769 Filed 11-14-22; 8:45 am]
BILLING CODE 8011-01-P