February 24, 2012.
On December 1, 1975, pursuant to Sections 17A(b) and 19(a)(1) of the Securities Exchange Act of 1934 (“Act”) 
and Rule 17Ab2-1 thereunder,
the Securities and Exchange Commission (“Commission”) approved on a temporary basis the application for registration as a clearing agency filed by the Pacific Securities Depository Trust Company (“PSDTC”).
By subsequent orders, the Commission extended PSDTC's temporary registration.
On September 23, 1983, pursuant to Section 17A and Rule 17Ab2-1 thereunder,
the Commission approved on a permanent basis PSDTC's registration as a clearing agency.
PSDTC was a wholly owned subsidiary of the Pacific Exchange, Inc. (“PCX”) 
(now NYSE Arca, Inc. [“NYSE Arca”]).
Prior to the transaction described below, PSDTC offered various clearance and settlement services such as trade recording for Pacific Stock Exchange-listed and over-the-counter securities transactions, trade comparison, continuous net settlement, and book-entry depository services.
II. Cancellation of PSDTC's Registration as a Clearing Agency
In the April 2005 Letter, PCX notified the Commission that PSDTC had been dissolved.
PCX represented PCX had diligently identified and paid all PSDTC claims and liabilities including completing the outstanding PSDTC transaction balances and making final monetary distributions to the proper parties or if the proper parties were not identified remitted to the State of California in accordance with state escheatment regulations.
In connection with the dissolution of PSDTC, PCX represented that pursuant to Rule 17a-1 
PCX would retain at least one copy of all documents, including all correspondence, memoranda, papers, books, notices, accounts, and other such PSDTC records in PCX's possession for at least 5 years from the date of termination of PSDTC's registration as a clearing agency.
Section 19(a)(3) of the Act 
provides that in the event any self-regulatory organization is no longer in existence or has ceased to do business in the capacity specified in its application for registration, “the Commission, by order, shall cancel its registration.”
Based upon the representations and undertakings made by PCX to the Commission and because PSDTC is no longer in existence and has ceased to do business in the capacity specified in its registration application, the Commission is canceling its registration effective February 24, 2012.
It is therefore ordered that:
Effective February 24, 2012, based on the facts and representations noted above, PSDTC's registration as a clearing agency under Section 17A of the Exchange Act and Rule 17Ab2-1 thereunder is cancelled.
By the Commission.
Kevin M. O'Neill,
[FR Doc. 2012-5056 Filed 3-1-12; 8:45 am]
BILLING CODE 8011-01-P