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SEC

RIN: 3235-AL18

Publication ID: 2012

Title: Amendment to Rule Filing Requirement for Dually Registered Clearing Agencies
Abstract: The Commission adopted an interim final rule to amend Rule 19b-4 under the Exchange Act, expanding the list of categories that qualify for summary effectiveness under section 19(b)(3)(A) of that Act to include any matter effecting a change in an existing service of a clearing agency registered with the Commission that both i) primarily affects the futures clearing operations of the clearing agency, with respect to futures that are not security futures, and ii) does not significantly affect any securities clearing operations or any related rights or obligations of the clearing agency or persons using such service. The Commission also made a corresponding technical modification to the General Instructions for Form 19b-4 under the Exchange Act. The staff is considering recommending that the Commission adopt amendments to Rule 19b-4 and Form 19b-4 to streamline the rule filing process in areas involving certain activities concerning non-security products that may be subject to overlapping regulations as a result of, in part, certain provisions under section 763(b) of the Dodd-Frank Act that would deem some clearing agencies to be registered with the Commission as of July 16, 2011.
Agency: Securities and Exchange Commission(SEC)	Priority: Substantive, Nonsignificant
RIN Status: Previously published in the Unified Agenda	Agenda Stage of Rulemaking: Final Rule Stage
Major: No	Unfunded Mandates: No
CFR Citation: 17 CFR 240.19b-4(f)(4)(ii) 17 CFR 249.819 (Does not appear in the CFR)
Legal Authority: 15 USC 78s(b)(3)(A)(iii)

Legal Deadline:

Action	Source	Description	Date
Other	Statutory	see below	07/16/2011

Overall Description of Deadline: Absent Commission action, certain provisions under section 763(b) of the Dodd-Frank Act would deem some clearing agencies that process non-security products to be registered with the SEC as of July 16, 2011.

Timetable:

Action	Date	FR Cite
Interim Final Rule	07/13/2011	76 FR 41056
Interim Final Rule Effective	07/15/2011
Interim Final Rule Comment Period End	09/15/2011
Next Action	12/00/2012

Regulatory Flexibility Analysis Required: No	Government Levels Affected: None
Federalism: No
Included in the Regulatory Plan: No
RIN Information URL: www.sec.gov/rules/interim/2011/34-64832.pdf
RIN Data Printed in the FR: No
Agency Contact: Raymond Lombardo Division of Trading and Markets Securities and Exchange Commission 100 F Street NE, Washington, DC 20549 Phone:202 551-5755 Email: lombardor@sec.gov