[Federal Register Volume 87, Number 219 (Tuesday, November 15, 2022)]
[Notices]
[Page 68529]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-24769]


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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.
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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 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'').
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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 November 10, 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 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.
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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. 2022-24769 Filed 11-14-22; 8:45 am]
BILLING CODE 8011-01-P