Self-Regulatory Organizations; The Options Clearing Corporation; Order Approving Proposed Rule Change by the Options Clearing Corporation Concerning Amendments to Its Rules To Establish a Procedures-Based Approach for Determining Product Eligibility During Overnight or Extended Trading Sessions Utilizing Its Current ETH Risk Management Framework

regular trading hours (``Extended Trading Hours'' or ``ETH''). --------------------------------------------------------------------------- \5\ OCC describes itself as ``the sole clearing agency for standardized equity options listed on a national securities exchange registered with the Commission (`listed options').'' See Securities Exchange Act Release No. 96533 (Dec. 19, 2022), 87 FR 79015 (Dec. 23, 2022) (File No. SR-OCC-2022-012). \6\ Capitalized terms used but not defined herein have the meanings specified in OCC's Rules and By-Laws, available at https://www.theocc.com/company-information/documents-and-archives/by-laws-and-rules . --------------------------------------------------------------------------- Currently, the only products that OCC clears during Extended Trading Hours are index options listed by Cboe Global Markets, Inc. (``Cboe'') and index futures listed by Cboe Futures Exchange, LLC (``CFE'').\7\ OCC first established its ETH risk management framework in 2015 in connection with the clearance of these products.\8\ OCC has received requests from Exchanges to expand the scope of products and trading sessions supported under its ETH framework.\9\ --------------------------------------------------------------------------- \7\ See Exchange Act Release No. 74241 (Feb. 10, 2015), 80 FR 8383 (Feb. 17, 2015) (File No. SR-OCC-2014-812) (Notice of No Objection to Advance