[Federal Register Volume 89, Number 95 (Wednesday, May 15, 2024)]
[Notices]
[Page 42515]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-10595]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-100094; File No. SR-LCH SA-2024-002]


Self-Regulatory Organizations; LCH SA; Notice of Designation of 
Longer Period for Commission Action on Proposed Rule Change Relating to 
the CDSClear Select Membership Model

May 9, 2024.
    On March 13, 2024, pursuant to Section 19(b) of the Securities 
Exchange Act of 1934 (``Exchange Act'') \1\ and Rule 19b-4 \2\ 
thereunder, 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-2024-002 regarding its CDSClear select membership model (the 
``Proposed Rule Change''). The Proposed Rule Change was published for 
public comment in the Federal Register on March 28, 2024.\3\ 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\ Notice of Filing of Proposed Rule Change Relating to the 
CDSClear Select Membership Model, Exchange Act Release No. 34-99847 
(Mar. 22, 2024); 89 FR 21579 (Mar. 28, 2024) (SR-LCH SA-2024-002) 
(``Notice'').
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    Section 19(b)(2) of the Exchange 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 after publication of the Notice is 
May 12, 2024. The Commission is extending this 45-day time period.
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    \4\ 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,\5\ designates June 26, 2024 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-2024-
002.
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    \5\ Id.

    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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Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024-10595 Filed 5-14-24; 8:45 am]
BILLING CODE 8011-01-P