Federal Register 30-Day Notice

26894

Federal Register / Vol. 90, No. 119 / Tuesday, June 24, 2025 / Notices

C. Consistency With Rule 17ad–
26(a)(8)(i)
Rule 17ad–26(a)(8)(i) requires that a
covered clearing agency’s plans for
recovery and wind-down referenced in
Rule 17ad–22(e)(3)(ii) 43 must ‘‘include
procedures for testing the covered
clearing agency’s ability to implement
the recovery and orderly wind-down
plans at least every 12 months,
including by requiring the covered
clearing agency’s participants and,
when practicable, other stakeholders to
participate in the testing of its plans.’’ 44
By mandating that LCH SA’s Clearing
Members participate in testing of its
RWD plans, in the manner and
frequency specified by LCH SA, new
Article 2.2.8.1 is consistent with
Rule17ad–26(a)(8)(i).45
D. Consistency With Rule 1004
Rule 1004 requires that an SCI
entity,46 with respect to its business
continuity and disaster recovery
plans,47 among other things,
‘‘[d]esignate members or participants
. . . and require participation by such
designated members or participants in
scheduled functional and performance
testing of the operation of such plans, in
the manner and frequency specified by
the SCI entity, provided that such
frequency shall not be less than once
every 12 months.’’ 48
New Article 2.2.8.1 provides that each
Clearing Member must participate in the
testing in the manner and frequency
specified by LCH SA. LCH SA is
therefore able to mandate testing not
less than once every 12 months. By
mandating that LCH SA’s Clearing
Members participate in testing of its
BCDR plans, in the manner and
frequency specified by LCH SA, new
Article 2.2.8.1 is consistent with Rule
1004.49
IV. Conclusion
On the basis of the foregoing, the
Commission finds that the Proposed
Rule Change is consistent with the
requirements of the Exchange Act, and
in particular, the requirements of
Section 17A of the Exchange Act 50 and
the rules and regulations thereunder.
43 17
44 17

CFR 240.17ad–22(e)(3)(ii).
CFR 240.17ad–26(a)(8)(i).

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45 Id.
46 LCH SA, as a registered cleaing agency, is a SCI
entity. See 17 CFR 242.1000.
47 SCI Rule 1001 requires LCH SA to establish,
maintain, and enforce certain written policies and
procedures including, among other things, business
continuity and disaster recovery plans. See 17 CFR
242.1001.
48 17 CFR 242.1004.
49 17 CFR 242.1004.
50 In approving the Proposed Rule Change, the
Commission has considered the proposed rules’

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It is therefore ordered, pursuant to
Section 19(b)(2) of the Exchange Act,51
that the Proposed Rule Change (SR–LCH
SA–2025–005) be, and hereby is,
approved.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.52
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2025–11524 Filed 6–23–25; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[OMB Control No. 3235–0111]

Submission for OMB Review;
Comment Request; Extension: Form
T–2—Statement of Eligibility Under the
Trust Indenture Act of 1939 of an
Individual Designated To Act as a
Trustee
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.
Form T–2 (17 CFR 269.2) is a
statement of eligibility of an individual
trustee under the Trust Indenture Act of
1939. The information is used to
determine whether the individual is
qualified to serve as a trustee under the
indenture. The information required by
Form T–2 is mandatory. Form T–2 is
publicly available on EDGAR. We
estimate that Form T–2 takes
approximately 9 hours per response and
that there is an average of approximately
9 responses annually. We estimate that
25% of the 9 hours per response is
prepared by the filer for an internal
burden of 18 hours ((0.25 × 9) hours per
response × 9 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 OMB
Control Number.
Written comments are invited on: (a)
whether this proposed collection of
information is necessary for the proper
impact on efficiency, competition, and capital
formation. See 15 U.S.C. 78c(f).
51 15 U.S.C. 78s(b)(2).
52 17 CFR 200.30–3(a)(12).

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performance of the functions of the SEC,
including whether the information will
have practical utility; (b) the accuracy of
the SEC’s estimate of the burden
imposed by the proposed collection of
information, including the validity of
the methodology and the assumptions
used; (c) ways to enhance the quality,
utility, and clarity of the information to
be collected; and (d) ways to minimize
the burden of the collection of
information on respondents, including
through the use of automated, electronic
collection techniques or other forms of
information technology.
The public may view and comment
on this information collection request
at: https://www.reginfo.gov/public/do/
PRAViewICR?ref_nbr=202502-3235-007
or email comment to
MBX.OMB.OIRA.SEC_desk_officer@
omb.eop.gov within 30 days of the day
after publication of this notice, by July
25, 2025.
Dated: June 18, 2025.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2025–11518 Filed 6–23–25; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[OMB Control No. 3235–0645]

Submission for OMB Review;
Comment Request; Extension:
Interactive Data
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.
The ‘‘Interactive Data’’ collection of
information requires issuers filing
registration statements under the
Securities Act of 1933 (15 U.S.C. 77a et
seq.) (‘‘Securities Act’’) and reports
under the Securities Exchange Act of
1934 (15 U.S.C. 78a et seq.) (‘‘Exchange
Act’’) to submit specified financial
information to the Commission in
interactive data format using eXtensible
Business Reporting Language (XBRL).
This collection of information is located
primarily in registration statement and
report exhibit provisions, which require
interactive data, and Rule 405 of

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