[Federal Register Volume 84, Number 21 (Thursday, January 31, 2019)]
[Notices]
[Page 855]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-00469]
[[Page 855]]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-84957; File No. SR-ICEEU-2018-010]
Self-Regulatory Organizations; ICE Clear Europe Limited; Notice
of Designation of Longer Period for Commission Action on Proposed Rule
Change Relating to Amendments to the ICE Clear Europe CDS Risk Policy,
CDS Clearing Back-Testing Policy and CDS Stress-Testing Policy
December 26, 2018.
On November 13, 2018, ICE Clear Europe Limited (``ICE Clear
Europe'') 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 modify and update certain provisions of its risk
policies related to CDS Contracts (SR-ICEEU-2018-010). The proposed
rule change was published for comment in the Federal Register on
December 4, 2018.\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. 84667 (Nov. 28, 2018),
83 FR 62638 (Dec. 4, 2018) (SR-ICEEU-2018-010).
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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 Janury 18, 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 ICE Clear Europe proposes
to modify and update certain provisions of its risk policies related to
CDS Contracts. 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 ICE Clear Europe's proposed
rule change.
Accordingly, pursuant to Section 19(b)(2) \5\ of the Act, and for
the reasons discussed above, the Commission designates March 4, 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-ICEEU-2018-010).
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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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Eduardo A. Aleman,
Deputy Secretary.
[FR Doc. 2019-00469 Filed 1-30-19; 8:45 am]
BILLING CODE 8011-01-P