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Re: None

Monday, 06/21/2021 11:58:46 AM

Monday, June 21, 2021 11:58:46 AM

Post# of 141050
002 approved under "Accelerated Approval"

https://www.sec.gov/rules/sro/nscc/2021/34-92213.pdf

V.ACCELERATED APPROVAL OF THE PROPOSED RULE CHANGE, AS MODIFIED BY PARTIAL AMENDMENT NO. 1The Commission finds good cause, pursuant to Section 19(b)(2) of the Act,64to approve the proposed rule change prior to the 30thday after the date of publication of Partial Amendment No. 1 in the Federal Register. As discussed in Section II.D above, in Partial Amendment No. 1, NSCC amends its Form 19b-4, Item 3(a) disclosure to provide additional description ofthe purpose of theProposed Rule Change, and Partial Amendment No. 1 does change the substance of the proposal, the proposed text of the Rules that was provided as Exhibit 5 to the Proposed Rule Change,the manner in which the Proposed Rule Change will operate, or the manner in which the Proposed Rule Change will affect its Members or other interested persons. Furthermore,as discussed in Section III.A above,the Commission believes that the Proposed Rule Change, as modified by Partial Amendment No. 1, should help NSCC ensure it can complete settlement for all its Members in the event one Member defaults, which the Commission believes should promote the prompt and accurate clearance and settlement of securities transactions, consistent withSection 17A(b)(3)(F).65Therefore, the Commission believes the nature of the changes in Partial Amendment No. 1 and NSCC’s intended enhancements to its daily liquidity risk management warrants accelerated approval of the Proposed Rule Change. Accordingly, the Commission finds 6415 U.S.C. 78s(b)(2).6515 U.S.C. 78q-1(b)(3)(F)
24good cause for approving the Proposed Rule Change, as modified by Partial Amendment No. 1, on an accelerated basis, pursuant to Section 19(b)(2) of the Act.66"

And listed here: https://www.sec.gov/rules/sro/nscc.htm#SR-NSCC-2021-002
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