Self-Regulatory Organizations; MIAX Emerald, LLC; Notice of Withdrawal of Proposed Rule Change To Amend the Exchange's Fee Schedule To Adopt a Tiered-Pricing Structure for Certain Connectivity Fees, 70878 [2021-26862]

Download as PDF 70878 Federal Register / Vol. 86, No. 236 / Monday, December 13, 2021 / Notices with respect to the proposed rule change that are filed with the Commission, and all written communications relating to the proposed rule change between the Commission and any person, other than those that may be withheld from the public in accordance with the provisions of 5 U.S.C. 552, will be available for website viewing and printing in the Commission’s Public Reference Room, 100 F Street NE, Washington, DC 20549, on official business days between the hours of 10:00 a.m. and 3:00 p.m. Copies of these filings also will be available for inspection and copying at the principal office of the Exchange. All comments received will be posted without change. Persons submitting comments are cautioned that we do not redact or edit personal identifying information from comment submissions. You should submit only information that you wish to make available publicly. All submissions should refer to File Number MEMX–2021–10 and should be submitted on or before January 3, 2022. Rebuttal comments should be submitted by January 18, 2022. pursuant to Section 19(b)(3)(A) of the Act.3 The proposed rule change was published for comment in the Federal Register on October 4, 2021.4 On November 22, 2021, the Commission temporarily suspended the proposed rule change and instituted proceedings under Section 19(b)(2)(B) of the Act 5 to determine whether to approve or disapprove the proposed rule change.6 On December 1, 2021, the Exchange withdrew the proposed rule change (SR–EMERALD–2021–29). For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.43 J. Matthew DeLesDernier, Assistant Secretary. Upon Written Request, Copies Available From: Securities and Exchange Commission, Office of FOIA Services, 100 F Street NE, Washington, DC 20549–2736 [FR Doc. 2021–26857 Filed 12–10–21; 8:45 am] Extension: Rule 17Ad–13 BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–93736; File No. SR– EMERALD–2021–29] Self-Regulatory Organizations; MIAX Emerald, LLC; Notice of Withdrawal of Proposed Rule Change To Amend the Exchange’s Fee Schedule To Adopt a Tiered-Pricing Structure for Certain Connectivity Fees khammond on DSKJM1Z7X2PROD with NOTICES December 7, 2021. On September 24, 2021, MIAX Emerald, LLC (‘‘MIAX Emerald’’ or ‘‘Exchange’’) filed with the Securities and Exchange Commission (‘‘Commission’’), pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (‘‘Act’’),1 and Rule 19b–4 thereunder,2 a proposed rule change to amend the Exchange’s Fee Schedule to adopt a tiered pricing structure for certain connectivity fees. The proposed rule change was immediately effective upon filing with the Commission 43 17 CFR 200.30–3(a)(57). U.S.C. 78s(b)(1). 2 17 CFR 240.19b–4. 1 15 VerDate Sep<11>2014 16:50 Dec 10, 2021 Jkt 256001 For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.7 J. Matthew DeLesDernier, Assistant Secretary. [FR Doc. 2021–26862 Filed 12–10–21; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [SEC File No. 270–263, OMB Control No. 3235–0275] Submission for OMB Review; Comment Request Notice is hereby given that pursuant to the Paperwork Reduction Act of 1995 (‘‘PRA’’) (44 U.S.C. 3501 et seq.), the Securities and Exchange Commission (‘‘Commission’’) has submitted to the Office of Management and Budget (‘‘OMB’’) a request for approval of extension of the previously approved collection of information provided for in Rule 17Ad–13 (17 CFR 240.17Ad–13), under the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.). Rule 17Ad–13 requires certain registered transfer agents to file annually with the Commission and the transfer agent’s appropriate regulatory 3 15 U.S.C. 78s(b)(3)(A). A proposed rule change may take effect upon filing with the Commission if it is designated by the exchange as ‘‘establishing or changing a due, fee, or other charge imposed by the self-regulatory organization on any person, whether or not the person is a member of the self-regulatory organization.’’ 15 U.S.C. 78s(b)(3)(A)(ii). 4 See Securities Exchange Act Release No. 93166 (September 28, 2021), 86 FR 54760. Comments received on the proposed rule change are available on the Commission’s website at: https:// www.sec.gov/comments/sr-emerald-2021-29/ sremerald202129.htm. 5 15 U.S.C. 78s(b)(2)(B). 6 See Securities Exchange Act Release No. 93644, 86 FR 67750 (November 29, 2021). 7 17 CFR 200.30–3(a)(12). PO 00000 Frm 00065 Fmt 4703 Sfmt 4703 authority a report prepared by an independent accountant on the basis of a study and evaluation of the transfer agent’s system of internal accounting controls for the transfer of record ownership and the safeguarding of related securities and funds. If the independent accountant’s report specifies any material inadequacy in a transfer agent’s system, the rule requires the transfer agent to notify the Commission and its appropriate regulatory agency in writing, within sixty calendar days after the transfer agent receives the independent accountant’s report, of any corrective action taken or proposed to be taken by the transfer agent. In addition, Rule 17Ad–13 requires that transfer agents maintain the independent accountant’s report and any other documents required by the rule for at least three years, the first year in an easily accessible place. These recordkeeping requirements assist the Commission and other regulatory agencies with monitoring transfer agents and ensuring compliance with the rule. Small transfer agents and transfer agents that service only their own companies’ securities are exempt from Rule 17Ad–13. Approximately 100 professional independent transfer agents must file with the Commission one report prepared by an independent accountant pursuant to Rule 17Ad–13 each year. Commission staff estimates that, on average, the annual internal time burden for each transfer agent to submit the independent accountant’s report to the Commission is minimal or zero. The time required for an independent accountant to conduct the study and evaluation of a transfer agent’s system of internal accounting controls and complete the report varies depending on the size and nature of the transfer agent’s operations. Commission staff estimates that, on average, each Rule 17Ad–13 report can be completed by the independent accountant in 120 hours. In light of Commission staff’s review of previously filed Rule 17Ad–13 reports and Commission staff’s conversations with transfer agents and accountants, Commission staff estimates that 120 hours are needed to perform the study and prepare the report on an annual basis. Commission staff estimates that the average hourly rate of an independent accountant is $260, resulting in a total annual external cost burden of $31,200 for each of the approximately 100 professional independent transfer agents. The aggregate total annual external cost for the 100 respondents is approximately $3,120,000. E:\FR\FM\13DEN1.SGM 13DEN1

Agencies

[Federal Register Volume 86, Number 236 (Monday, December 13, 2021)]
[Notices]
[Page 70878]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-26862]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-93736; File No. SR-EMERALD-2021-29]


Self-Regulatory Organizations; MIAX Emerald, LLC; Notice of 
Withdrawal of Proposed Rule Change To Amend the Exchange's Fee Schedule 
To Adopt a Tiered-Pricing Structure for Certain Connectivity Fees

December 7, 2021.
    On September 24, 2021, MIAX Emerald, LLC (``MIAX Emerald'' or 
``Exchange'') filed with the Securities and Exchange Commission 
(``Commission''), pursuant to Section 19(b)(1) of the Securities 
Exchange Act of 1934 (``Act''),\1\ and Rule 19b-4 thereunder,\2\ a 
proposed rule change to amend the Exchange's Fee Schedule to adopt a 
tiered pricing structure for certain connectivity fees. The proposed 
rule change was immediately effective upon filing with the Commission 
pursuant to Section 19(b)(3)(A) of the Act.\3\ The proposed rule change 
was published for comment in the Federal Register on October 4, 
2021.\4\ On November 22, 2021, the Commission temporarily suspended the 
proposed rule change and instituted proceedings under Section 
19(b)(2)(B) of the Act \5\ to determine whether to approve or 
disapprove the proposed rule change.\6\ On December 1, 2021, the 
Exchange withdrew the proposed rule change (SR-EMERALD-2021-29).
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ 15 U.S.C. 78s(b)(3)(A). A proposed rule change may take 
effect upon filing with the Commission if it is designated by the 
exchange as ``establishing or changing a due, fee, or other charge 
imposed by the self-regulatory organization on any person, whether 
or not the person is a member of the self-regulatory organization.'' 
15 U.S.C. 78s(b)(3)(A)(ii).
    \4\ See Securities Exchange Act Release No. 93166 (September 28, 
2021), 86 FR 54760. Comments received on the proposed rule change 
are available on the Commission's website at: https://www.sec.gov/comments/sr-emerald-2021-29/sremerald202129.htm.
    \5\ 15 U.S.C. 78s(b)(2)(B).
    \6\ See Securities Exchange Act Release No. 93644, 86 FR 67750 
(November 29, 2021).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\7\
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    \7\ 17 CFR 200.30-3(a)(12).
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J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2021-26862 Filed 12-10-21; 8:45 am]
BILLING CODE 8011-01-P
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