Securities and Exchange Commission
Document Headings Document headings vary by document type but may contain the following: the agency or agencies that issued and signed a document the number of the CFR title and the number of each part the document amends, proposes to amend, or is directly related to the agency docket number / agency internal file number the RIN which identifies each regulatory action listed in the Unified Agenda of Federal Regulatory and Deregulatory Actions See the Document Drafting Handbook for more details. Securities and Exchange Commission [Release No. 34-102768; File No. SR-OCC-2024-010] I. Introduction On July 25, 2024, the Options Clearing Corporation (“OCC”) filed with the Securities and Exchange Commission (“Commission”) the proposed rule change SR-OCC-2024-010, pursuant to Section 19(b) of the Securities Exchange Act of 1934 (“Exchange Act” or “Act”)  [ 1 ] and Rule 19b-4  [ 2 ] thereunder, to establish a margin add-on charge that would be applied to all Clearing Member  [ 3 ] accounts to assist with mitigating the risks arising from intraday and overnight trading activity, particularly activity attributable to short-dated options trading. Proposed rule change SR-OCC-2024-010 was published for public comment in the Federal Register on August 12, 2024. [ 4 ] The Commission has received comments regarding the proposed rule change. [ 5 ] On September 4, 2024, OCC partially amended the proposed rule change to include as Exhibit 2 an information memorandum OCC published on its website informing OCC's membership of the details of the margin add-on charge. [ 6 ] ( printed page 15275) On September 25, 2024, pursuant to Section 19(b)(2) of the Exchange Act, [ 7 ] the Commission issued a Notice of Filing of Partial Amendment No. 1 and designated a longer period within which to approve, disapprove, or institute proceedings to determine whether to approve or disapprove the proposed rule change. [ 8 ] On November 7,…
Citation: 90 FR 15274
