Federal Register 30-Day Notice

Federal Register / Vol. 89, No. 238 / Wednesday, December 11, 2024 / Notices
will be available for inspection and
copying at the principal office of the
Exchange. Do not include personal
identifiable information in submissions;
you should submit only information
that you wish to make available
publicly. We may redact in part or
withhold entirely from publication
submitted material that is obscene or
subject to copyright protection. All
submissions should refer to file number
SR–CboeBYX–2024–047 and should be
submitted on or before December 31,
2024.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.25
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024–29045 Filed 12–10–24; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–620, OMB Control No.
3235–0675]

lotter on DSK11XQN23PROD with NOTICES1

Submission for OMB Review;
Comment Request; Extension: Rule
15Ga–2 and Form ABS–15G
Upon Written Request Copies Available
From: Securities and Exchange
Commission, Office of FOIA Services,
100 F Street NE, Washington, DC
20549–2736
Notice is hereby given that, pursuant
to the Paperwork Reduction Act of 1995
(44 U.S.C. 3501 et seq.), the Securities
and Exchange Commission
(‘‘Commission’’) has submitted to the
Office of Management and Budget this
request for extension of the previously
approved collection of information
discussed below.
Rule 15Ga–2 and Form ABS–15G (17
CFR 249.1400) is used for reports of
information required under Rule 15Ga–
1 and Rule 15Ga–2 (17 CFR 240.15Ga–
1) (17 CFR 240.15Ga–2) of the Exchange
Act of 1934 (‘‘Exchange Act’’). Exchange
Act Rule 15Ga–1 requires asset-backed
securitizers to provide disclosure
regarding fulfilled an unfulfilled
repurchase requests with respect to
asset-backed securities. The purpose of
the information collected on Form ABS–
15G is to implement the disclosure
requirements of Section 943 of the
Dodd-Frank Wall Street Reform and
Consumer Protection Act to provide
information regarding the use of
representations and warranties in the
asset-backed securities markets.
Form ABS–15G is a collection of
information required by Rules 15Ga–1
25 17

and 15Ga–2 under the Exchange Act.
For just Rule 15Ga–1, Form ABS–15G
takes approximately 27.2234 hours per
response and is filed by approximately
1,142 respondents. We estimate that
75% of the 27.2234 hours per response
(20.4176 hours) is prepared by the filer
for a total annual reporting burden of
23,317 hours (20.4176 hours per
response × 1,142 responses).
For just Rule 15Ga–2, Form ABS–15G
takes approximately 2.1279 hours per
response and is filed by approximately
864 respondents. We estimate that
100% of the 2.1279 hours per response
(2.1279 hours) is prepared by the filer
for a total annual reporting burden of
1,839 hours (2.1279 hours per response
× 864 responses).
Rule 15Ga–1 and Rule 15Ga–2
combined filing on Form ABS–15G we
estimate that approximately 2006
securitizers will file Form ABS–15G
annually at estimated (16.7205 hours)
burden hours per response. In addition,
we estimate that 75% of the 16.7205
hours per response (12.5403 hours) is
carried internally by the securitizers for
a total annual reporting burden of
25,156 hours (12.5403 hours per
response × 2006 responses).
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
unless it displays a currently valid
control number.
Public Comment Instructions: The 30day public comment period for this
information collection request opens on
December 12, 2024 and closes at the end
of the day on January 13, 2025. The
public may view the full information
request and submit comments at https://
www.reginfo.gov/public/do/
PRAViewICR?ref_nbr=202411-3235-012
or email comments to
MBX.OMB.OIRA.SEC_desk_officer@
omb.eop.gov.
Dated: December 6, 2024.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024–29120 Filed 12–10–24; 8:45 am]
BILLING CODE 8011–01–P

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SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–101819; File No. SR–ICC–
2024–011]

Self-Regulatory Organizations; ICE
Clear Credit LLC; Order Granting
Accelerated Approval of Proposed
Rule Change Relating to the ICC
Operational Risk Management
Framework
December 5, 2024.

I. Introduction
On November 13, 2024, ICE Clear
Credit LLC (‘‘ICC’’) filed with the
Securities and Exchange Commission
(the ‘‘Commission’’), pursuant to
Section 19(b)(1) of the Securities
Exchange Act of 1934 (the ‘‘Act’’) 1 and
Rule 19b–4 thereunder,2 a proposed rule
change (hereafter, ‘‘Proposed Rule
Change’’) to revise the Operational Risk
Management Framework (‘‘ORMF’’).
The Proposed Rule Change was
published for comment in the Federal
Register on November 19, 2024.3 The
Commission has not received comments
regarding the Proposed Rule Change.
For the reasons discussed below, the
Commission is approving the Proposed
Rule Change on an accelerated basis.
II. Description of the Proposed Rule
Change
ICC is registered with the Commission
as a clearing agency for the purpose of
clearing Credit Default Swap (‘‘CDS’’)
contracts.4 In its role as a CDS clearing
agency, ICC faces operational risks
stemming from the breakdown of
systems and processes that that would
impair ICC’s ability to complete
settlements or ICC’s internal business
operations. The ORMF outlines ICC’s
risk assessment and oversight program,
which aims to address such operational
risks, including by reducing operational
incidents, encouraging process and
control improvement, bringing
transparency to operational performance
standard monitoring, and fulfilling
regulatory obligations. The ORMF also
explains how ICC vets and manages
service agreements with providers
covering various aspects of ICC’s
operations. According to ICC, one of the
purposes of the Proposed Rule Change
1 15

U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 Self-Regulatory Organizations; ICE Clear Credit
LLC; Notice of Filing of Proposed Rule Change
Relating to the ICC Operational Risk Management
Framework; Securities Exchange Act Release No.
34–101603 (Nov. 13, 2024), 89 FR 91443 (Nov. 19,
2024) (SR–ICC–2024–011) (‘‘Notice’’).
4 Capitalized terms not otherwise defined herein
have the meanings assigned to them in ICC Rules
and the ORMF, as applicable.
2 17

CFR 200.30–3(a)(12).

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