Proposed Collection; Comment Request, 44410-44411 [2021-17157]

Download as PDF 44410 Federal Register / Vol. 86, No. 153 / Thursday, August 12, 2021 / Notices Parcel Select Contract 47 to Competitive Product List. Documents are available at www.prc.gov, Docket Nos. MC2021–120, CP2021–122. Sean Robinson, Attorney, Corporate and Postal Business Law. it filed with the Postal Regulatory Commission a USPS Request to Add Priority Mail Contract 716 to Competitive Product List. Documents are available at www.prc.gov, Docket Nos. MC2021–119, CP2021–121. Sean Robinson, Attorney, Corporate and Postal Business Law. [FR Doc. 2021–17166 Filed 8–11–21; 8:45 am] BILLING CODE 7710–12–P [FR Doc. 2021–17165 Filed 8–11–21; 8:45 am] BILLING CODE 7710–12–P POSTAL SERVICE Product Change—Priority Mail Negotiated Service Agreement Postal Notice. AGENCY: ACTION: Sean Robinson, Attorney, Corporate and Postal Business Law. POSTAL SERVICE Product Change—Priority Mail Negotiated Service Agreement ServiceTM. The Postal Service gives notice of filing a request with the Postal Regulatory Commission to add a domestic shipping services contract to the list of Negotiated Service Agreements in the Mail Classification Schedule’s Competitive Products List. DATES: Date of required notice: August 12, 2021. FOR FURTHER INFORMATION CONTACT: Sean Robinson, 202–268–8405. SUPPLEMENTARY INFORMATION: The United States Postal Service® hereby gives notice that, pursuant to 39 U.S.C. 3642 and 3632(b)(3), on August 6, 2021, it filed with the Postal Regulatory Commission a USPS Request to Add Priority Mail Contract 717 to Competitive Product List. Documents are available at www.prc.gov, Docket Nos. MC2021–121, CP2021–123. SUMMARY: Sean Robinson, Attorney, Corporate and Postal Business Law. Postal ServiceTM. Notice. BILLING CODE 7710–12–P ACTION: The Postal Service gives notice of filing a request with the Postal Regulatory Commission to add a domestic shipping services contract to the list of Negotiated Service Agreements in the Mail Classification Schedule’s Competitive Products List. DATES: Date of required notice: August 12, 2021. FOR FURTHER INFORMATION CONTACT: Sean Robinson, 202–268–8405. SUPPLEMENTARY INFORMATION: The United States Postal Service® hereby gives notice that, pursuant to 39 U.S.C. 3642 and 3632(b)(3), on July 29, 2021, it filed with the Postal Regulatory Commission a USPS Request to Add Priority Mail Contract 715 to Competitive Product List. Documents are available at www.prc.gov, Docket Nos. MC2021–117, CP2021–119. SUMMARY: BILLING CODE 7710–12–P Product Change—Priority Mail Negotiated Service Agreement POSTAL SERVICE Postal ServiceTM. ACTION: Notice. Product Change—Priority Mail Express, Priority Mail, & First-Class Package Service Negotiated Service Agreement AGENCY: The Postal Service gives notice of filing a request with the Postal Regulatory Commission to add a domestic shipping services contract to the list of Negotiated Service Agreements in the Mail Classification Schedule’s Competitive Products List. DATES: Date of required notice: August 12, 2021. FOR FURTHER INFORMATION CONTACT: Sean Robinson, 202–268–8405. SUPPLEMENTARY INFORMATION: The United States Postal Service® hereby gives notice that, pursuant to 39 U.S.C. 3642 and 3632(b)(3), on August 2, 2021, lotter on DSK11XQN23PROD with NOTICES1 SUMMARY: VerDate Sep<11>2014 20:11 Aug 11, 2021 Jkt 253001 BILLING CODE 7710–12–P SECURITIES AND EXCHANGE COMMISSION [FR Doc. 2021–17163 Filed 8–11–21; 8:45 am] POSTAL SERVICE [FR Doc. 2021–17164 Filed 8–11–21; 8:45 am] AGENCY: Sean Robinson, Attorney, Corporate and Postal Business Law. [FR Doc. 2021–17167 Filed 8–11–21; 8:45 am] The United States Postal Service® hereby gives notice that, pursuant to 39 U.S.C. 3642 and 3632(b)(3), on July 29, 2021, it filed with the Postal Regulatory Commission a USPS Request to Add Priority Mail Express, Priority Mail, & First-Class Package Service Contract 75 to Competitive Product List. Documents are available at www.prc.gov, Docket Nos. MC2021–118, CP2021–120. SUPPLEMENTARY INFORMATION: Postal ServiceTM. Notice. AGENCY: ACTION: The Postal Service gives notice of filing a request with the Postal Regulatory Commission to add a domestic shipping services contract to the list of Negotiated Service Agreements in the Mail Classification Schedule’s Competitive Products List. DATES: Date of required notice: August 12, 2021. FOR FURTHER INFORMATION CONTACT: Sean Robinson, 202–268–8405. SUMMARY: PO 00000 Frm 00079 Fmt 4703 Sfmt 4703 [SEC File No. 270–126, OMB Control No. 3235–0287] Proposed Collection; Comment Request Upon Written Request Copies Available From: Securities and Exchange Commission, Office of FOIA Services, 100 F Street NE, Washington, DC 20549–2736 Extension: Form 4 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’’) is soliciting comments on the collection of information summarized below. The Commission plans to submit this existing collection of information to the Office of Management and Budget for extension and approval. Under Section 16(a) of the Securities Exchange Act of 1934 (‘‘Exchange Act’’) (15 U.S.C. 78a et seq.) every person who is directly or indirectly the beneficial owner of more than 10 percent of any class of any equity security (other than an exempted security) which registered under Section 12 of the Exchange Act (15 U.S.C. 78l), or who is a director or an officer of the issuer of such security (collectively ‘‘insiders’’), must file a statement with the Commission reporting their ownership. Form 4 is a statement to disclose changes in an insider’s ownership of securities. The information is used for the purpose of disclosing the equity holdings of insiders of reporting companies. Approximately 338,207 insiders file Form 4 annually and it takes approximately 0.5 hours to prepare for a total of 169,104 annual burden hours. Written comments are invited on: (a) Whether this proposed collection of E:\FR\FM\12AUN1.SGM 12AUN1 Federal Register / Vol. 86, No. 153 / Thursday, August 12, 2021 / Notices information is necessary for the proper performance of the functions of the agency, including whether the information will have practical utility; (b) the accuracy of the agency’s estimate of the burden imposed by the collection of information; (c) ways to enhance the quality, utility, and clarity of the information collected; and (d) ways to minimize the burden of the collection of information on respondents, including through the use of automated collection techniques or other forms of information technology. Consideration will be given to comments and suggestions submitted in writing within 60 days of this publication. 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 control number. Please direct your written comment to David Bottom, Director/Chief Information Officer, Securities and Exchange Commission, c/o Cynthia Roscoe, 100 F Street NE, Washington, DC 20549 or send an email to: PRA_ Mailbox@sec.gov. Dated: August 6, 2021. J. Matthew DeLesDernier, Assistant Secretary. [FR Doc. 2021–17157 Filed 8–11–21; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–92599; File No. SR–CBOE– 2021–041] lotter on DSK11XQN23PROD with NOTICES1 Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (the ‘‘Act’’),1 and Rule 19b–4 thereunder,2 notice is hereby given that on July 23, 2021, Cboe Exchange, Inc. (the ‘‘Exchange’’ or ‘‘Cboe Options’’) filed with the Securities and Exchange Commission (the ‘‘Commission’’) the proposed rule change as described in Items I, II, and III below, which Items have been prepared by the Exchange.3 U.S.C. 78s(b)(1). CFR 240.19b–4. 3 On August 4, 2021, the Exchange filed Partial Amendment No. 1 to the proposed rule change. The Exchange withdrew Partial Amendment No. 1 on August 6, 2021. VerDate Sep<11>2014 20:11 Aug 11, 2021 Jkt 253001 II. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change In its filing with the Commission, the Exchange included statements concerning the purpose of and basis for the proposed rule change and discussed any comments it received on the proposed rule change. The text of these statements may be examined at the places specified in Item IV below. The Exchange has prepared summaries, set forth in sections A, B, and C below, of the most significant aspects of such statements. 1. Purpose The purpose of this proposed rule change is to amend certain rules to accommodate the listing and trading of certain FLexible EXchange (‘‘FLEX’’) index options with an index multiplier of one (‘‘Micro FLEX Index Options’’). The Exchange has the authority to list options on broad-based indexes for which the value of the underlying is at least 100 with an index multiplier of one 4 and proposes to expand that August 6, 2021. 2 17 I. Self-Regulatory Organization’s Statement of the Terms of Substance of the Proposed Rule Change Cboe Exchange, Inc. (the ‘‘Exchange’’ or ‘‘Cboe Options’’) proposes to amend certain Rules to accommodate the listing and trading of Micro FLEX Index Options and to make other clarifying and nonsubstantive changes. The text of the proposed rule change is provided in Exhibit 5. The text of the proposed rule change is also available on the Exchange’s website (https://www.cboe.com/ AboutCBOE/CBOELegal RegulatoryHome.aspx), at the Exchange’s Office of the Secretary, and at the Commission’s Public Reference Room. A. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Filing of a Proposed Rule Change To Amend Certain Rules To Accommodate the Listing and Trading of Micro FLEX Index Options and To Make Other Clarifying and Nonsubstantive Changes 1 15 The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons. 4 See Rule 4.11 (definition of micro-option). Currently, the Exchange has the authority to list options on 13 indexes that satisfy this criteria: S&P 500 Index, Mini-S&P 500 Index (XSP), Russell 2000 Index (RUT), Mini-Russell 2000 Index (MRUT), Dow Jones Industrial Average (DJX), S&P 100 Index (OEX and XEO), S&P 500 ESG Index (SPESG), MSCI EAFE Index (MXEA), MSCI Emerging Markets Index (MXEF), Russell 1000 Growth Index (RLG), Russell 1000 Value Index (RLV), Russell 1000 Index (RUI), and FTSE 100 Mini-Index (UKXM). The proposed rule change would authorize the PO 00000 Frm 00080 Fmt 4703 Sfmt 4703 44411 authority to list FLEX Index Options on the same indexes with an index multiplier of one. The Exchange believes Micro FLEX Index Options will expand investors’ choices and flexibility by listing and trading FLEX Options on larger-valued broad-based indexes, which provide investors with the ability to gain exposure to the market, with a notional value of 1/100th of the value of currently available FLEX Index Options. The Exchange believes the additional granularity provided by Micro FLEX Index Options with respect to the prices at which investors may execute and exercise index options on the Exchange will appeal to institutional investors by providing them with an additional exchange-traded tool to manage the positions and associated risk in their portfolios more precisely based on notional value, which currently may equal a fraction of a standard contract. For example, suppose an investor holds a security portfolio of $10,000,000 and desires to hedge its portfolio with SPX options. In order to hedge the entire portfolio with SPX options, the investor would need to trade 23.11 contracts ($10,000,000/$432,770).5 The nearest whole number of contracts would be 23 contracts, which would have a total notional value of $9,953,710. As a result, the investor could only hedge within $46,290 of its portfolio value with SPX options with an index multiplier of 100 and would be underhedged. However, with SPX micro-options, the investor would need to trade 2,310.70 contracts ($10,000,000/ $4,327.70). The nearest whole number of contracts would be 2,311 SPX microoptions,6 which would have a total notional value of $10,001,314.70. This will allow the investor to hedge within $1,315 of its portfolio value. Therefore, the proposed rule change would permit this investor to hedge its portfolio more effectively with far greater precision. The Exchange notes investors may currently execute and exercise options with this smaller contract multiplier in the unregulated over-the-counter (‘‘OTC’’) options market. The Exchange understands that investors may prefer to trade such options in a listed environment to receive the benefits of trading listing options, including (1) enhanced efficiency in initiating and Exchange to list Micro FLEX Index Options on the same 13 indexes. 5 This assumes an S&P 500 Index value of 4,327.70. 6 An investor could also trade 23 SPX options and 11 micro-options. We do not, however, expect investors to make two separate trades in this manner due to the additional price and execution risk that accompanies two separate trades compared to a single trade. E:\FR\FM\12AUN1.SGM 12AUN1

Agencies

[Federal Register Volume 86, Number 153 (Thursday, August 12, 2021)]
[Notices]
[Pages 44410-44411]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-17157]


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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-126, OMB Control No. 3235-0287]


Proposed Collection; Comment Request

Upon Written Request Copies Available From: Securities and Exchange 
Commission, Office of FOIA Services, 100 F Street NE, Washington, DC 
20549-2736

Extension:
    Form 4

    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'') is soliciting comments on the collection of 
information summarized below. The Commission plans to submit this 
existing collection of information to the Office of Management and 
Budget for extension and approval.
    Under Section 16(a) of the Securities Exchange Act of 1934 
(``Exchange Act'') (15 U.S.C. 78a et seq.) every person who is directly 
or indirectly the beneficial owner of more than 10 percent of any class 
of any equity security (other than an exempted security) which 
registered under Section 12 of the Exchange Act (15 U.S.C. 78l), or who 
is a director or an officer of the issuer of such security 
(collectively ``insiders''), must file a statement with the Commission 
reporting their ownership. Form 4 is a statement to disclose changes in 
an insider's ownership of securities. The information is used for the 
purpose of disclosing the equity holdings of insiders of reporting 
companies. Approximately 338,207 insiders file Form 4 annually and it 
takes approximately 0.5 hours to prepare for a total of 169,104 annual 
burden hours.
    Written comments are invited on: (a) Whether this proposed 
collection of

[[Page 44411]]

information is necessary for the proper performance of the functions of 
the agency, including whether the information will have practical 
utility; (b) the accuracy of the agency's estimate of the burden 
imposed by the collection of information; (c) ways to enhance the 
quality, utility, and clarity of the information collected; and (d) 
ways to minimize the burden of the collection of information on 
respondents, including through the use of automated collection 
techniques or other forms of information technology. Consideration will 
be given to comments and suggestions submitted in writing within 60 
days of this publication.
    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 control number.
    Please direct your written comment to David Bottom, Director/Chief 
Information Officer, Securities and Exchange Commission, c/o Cynthia 
Roscoe, 100 F Street NE, Washington, DC 20549 or send an email to: 
[email protected].

    Dated: August 6, 2021.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2021-17157 Filed 8-11-21; 8:45 am]
BILLING CODE 8011-01-P
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