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NSCC Alert! Notice of Filing of Partial Amendment No. 2 and Amendment No. 3 and of Designation of Longer Period for Commission Action on Proceedings to Determine Whether to Approve or Disapprove a Proposed Rule Change to Revise the Excess Capital Premium

Source: https://www.sec.gov/rules/sro/nscc/2022/34-96426.pdf

Comments due: 15 days after publication in the Federal Register
Rebuttal comments due: 21 days after publication in the Federal Register
Additional Materials: Exhibit 3, Exhibit 4, Exhibit 5

This filing constitutes Amendment No. 3 to proposed rule change SR-NSCC2022-005, which was filed with the Commission on May 20, 2022, and previously amended on June 1, 2022 and July 6, 2022. This Amendment amends and replaces the Filing, as previously amended, in its entirety. NSCC submits this Amendment in order to clarify the particular circumstances in which NSCC would retain the ability to waive the ECP charge, rather than remove NSCC’s discretion to waive or reduce the charge as was proposed in the Filing.

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