Quiero saber acerca de...

11568

Federal Register / Vol. 86, No. 36 / Thursday, February 25, 2021 / Notices
The public may view background documentation for this information collection at the following website:
www.reginfo.gov. Find this particular information collection by selecting Currently under 30-day ReviewOpen for Public Comments or by using the search function. Written comments and recommendations for the proposed information collection should be sent within 30 days of publication of this notice to i www.reginfo.gov/public/do/
PRAMain and ii David Bottom, Director/Chief Information Officer, Securities and Exchange Commission, c/o Cynthia Roscoe, 100 F Street NE, Washington, DC 20549, or by sending an email to: PRA_Mailbox@sec.gov.
Dated: February 22, 2021.
J. Matthew DeLesDernier, Assistant Secretary.
FR Doc. 202103883 Filed 22421; 8:45 am BILLING CODE 801101P

SECURITIES AND EXCHANGE
COMMISSION
Release No. 3491166; File No. SRICEEU
2021005

Self-Regulatory Organizations; ICE
Clear Europe Limited; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Relating to Amendments to Part BB of the ICE
Clear Europe Delivery Procedures February 19, 2021.

Pursuant to Section 19b1 of the Securities Exchange Act of 1934
Act,1 and Rule 19b4 thereunder,2
notice is hereby given that on February 12, 2021, ICE Clear Europe Limited ICE Clear Europe or the Clearing House filed with the Securities and Exchange Commission Commission the proposed rule changes described in Items I, II and III below, which Items have been prepared by ICE Clear Europe. ICE Clear Europe filed the proposed rule change pursuant to Section 19b3A of the Act 3 and Rule 19b4f4ii 4 thereunder, such that the proposed rule change was immediately effective upon filing with the Commission. The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons.
U.S.C. 78sb1.
2 17 CFR 240.19b4.
3 15 U.S.C. 78sb3A.
4 17 CFR 240.19b4f4ii.

17:04 Feb 24, 2021

II. Clearing Agencys Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change In its filing with the Commission, ICE
Clear Europe included statements concerning the purpose of and basis for the proposed rule change and discussed any comments it received on the proposed rule change. The text of these statements may be examined at the places specified in Item IV below. ICE
Clear Europe has prepared summaries, set forth in sections A, B, and C
below, of the most significant aspects of such statements.
A Clearing Agencys Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change a Purpose ICE Clear Europe is proposing to amend Part BB of its Delivery Procedures to clarify the delivery specifications relating to Containerised White Sugar contracts. The proposed amendments would provide that such contracts relate to specified sugar of any origin of the crop or production current on the first day of the delivery period instead of referencing the crop at the time of delivery. The change would facilitate identification of sugar eligible for delivery under the contract.
b Statutory Basis ICE Clear Europe believes that the proposed amendments to Part BB of the Delivery Procedures are consistent with the requirements of Section 17A of the Act 6 and the regulations thereunder applicable to it. In particular, Section 17Ab3F of the Act 7 requires, among other things, that the rules of a clearing agency be designed to promote the prompt and accurate clearance and settlement of securities transactions and, to the extent applicable, derivative agreements, contracts, and transactions, the safeguarding of securities and funds in the custody or control of the clearing 5 Capitalized terms used but not defined herein have the meanings specified in the ICE Clear Europe Clearing Rules the Rules.
6 15 U.S.C. 78q1.
7 15 U.S.C. 78q1b3F.

1 15

VerDate Sep<11>2014

I. Clearing Agencys Statement of the Terms of Substance of the Proposed Rule Change The principal purpose of the proposed amendments is for ICE Clear Europe to make certain amendments to Part BB of its Delivery Procedures to clarify the delivery specifications relating to Containerised White Sugar futures contracts in order to facilitate identification of sugar eligible for delivery under the contract.5

Jkt 253001

PO 00000

Frm 00074

Fmt 4703

Sfmt 4703

agency or for which it is responsible, and the protection of investors and the public interest. The proposed changes to the Delivery Procedures are designed to strengthen ICE Clear Europes arrangements and delivery procedures relating to Containerised White Sugar contracts. The amendments would clarify that Containerised White Sugar contracts relate to specified sugar of any origin of the crop or production current on the first day of the delivery period rather than at the time of delivery. The amendments do not otherwise change the terms and conditions of the contracts, and the contracts will continue to be cleared by ICE Clear Europe in the same manner as they are currently. In ICE Clear Europes view, the amendments are thus consistent with the prompt and accurate clearance and settlement of cleared contracts and the protection of investors and the public interest. ICE Clear Europe would not expect the amendments to affect the safeguarding of securities and funds in ICE Clear Europes custody or control or for which it is responsible.
Accordingly, the amendments satisfy the requirements of Section 17Ab3F.8
In addition, Rule 17Ad22e10 9
requires that each covered clearing agency establish and maintain transparent written standards that state its obligations with respect to the delivery of physical instruments, and establish and maintain operational practices that identify, monitor and manage the risks associated with such physical deliveries. As discussed above, the amendments would clarify the delivery specifications for Containerised White Sugar contracts to facilitate identification of sugar eligible for delivery under the contracts. The amendments would not otherwise change the manner in which the contracts are cleared or in which delivery is made, as supported by ICE
Clear Europes existing financial resources, risk management, systems and operational arrangements. The amendments thus clarify the role and responsibilities of the Clearing House and Clearing Members with respect to physical delivery. As a result, ICE Clear Europe believes the amendments are consistent with the requirements of Rule 17Ad22e10.10
B Clearing Agencys Statement on Burden on Competition ICE Clear Europe does not believe the proposed amendments would have any 8 15

U.S.C. 78q1b3F.
CFR 240.17Ad22e10.
10 17 CFR 240.17Ad22e10.
9 17

E:FRFM25FEN1.SGM

25FEN1