Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Extend the Expiration Date of the Temporary Amendments Set Forth in SR-FINRA-2020-027 and the Temporary Amendments to FINRA Rule 9341(d) in SR-FINRA-2020-015, 64526-64529 [2022-23085]

Download as PDF khammond on DSKJM1Z7X2PROD with NOTICES 64526 Federal Register / Vol. 87, No. 205 / Tuesday, October 25, 2022 / Notices 100 F Street NE, Washington, DC 20549–2736. 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 provided for in Rule 6a–4 and Form 1– N, summarized below. The Commission plans to submit this existing collection of information to the Office of Management and Budget for extension and approval. The Code of Federal Regulation citation to this collection of information is 17 CFR 240.6a–4 and 17 CFR 249.10 under the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.) (the ‘‘Act’’). Section 6 of the Act 1 sets out a framework for the registration and regulation of national securities exchanges. Under the Commodity Futures Modernization Act of 2000, a futures market may trade security futures products by registering as a national securities exchange. Rule 6a– 4 2 sets forth these registration procedures and directs futures markets to submit a notice registration on Form 1–N.3 Form 1–N calls for information regarding how the futures market operates, its rules and procedures, corporate governance, its criteria for membership, its subsidiaries and affiliates, and the security futures products it intends to trade. Rule 6a–4 also requires entities that have submitted an initial Form 1–N to file: (1) amendments to Form 1–N in the event of material changes to the information provided in the initial Form 1–N; (2) periodic updates of certain information provided in the initial Form 1–N; (3) certain information that is provided to the futures market’s members; and (4) a monthly report summarizing the futures market’s trading of security futures products. The information required to be filed with the Commission pursuant to Rule 6a–4 is designed to enable the Commission to carry out its statutorily mandated oversight functions and to ensure that registered and exempt exchanges continue to be in compliance with the Act. The respondents to the collection of information are futures markets. The Commission estimates that the total annual burden for all respondents to provide periodic amendments to keep the Form 1–N accurate and up to date as required under Rule 6a–4(b)(1) would be 30 hours (15 hours/respondent per year × 2 respondents) and $200 of 1 15 U.S.C. 78f. CFR 240.6a–4. 3 17 CFR 249.10. 16:52 Oct 24, 2022 Dated: October 19, 2022. Sherry R. Haywood, Assistant Secretary. [FR Doc. 2022–23101 Filed 10–24–22; 8:45 am] 2 17 VerDate Sep<11>2014 miscellaneous clerical expenses. The Commission estimates that the total annual burden for all respondents to provide annual amendments under Rule 6a–4(b)(3) would be 30 hours (15 hours/ respondent/year × 2 respondents) and $200 of miscellaneous clerical expenses. The Commission estimates that the total annual burden for all respondents to provide three–year amendments under Rule 6a–4(b)(4) would be 14 hours (20 hours/respondent × 0.67 respondents per year) and $88 in miscellaneous clerical expenses. The Commission estimates that the total annual burden for the filing of the supplemental information and the monthly reports required under Rule 6a–4(c) would be 12 hours (6 hours/respondent per year × 2 respondents) and $120 of miscellaneous clerical expenses. Thus, the Commission estimates the total annual burden for complying with Rule 6a–4 is 86 hours and $608 in miscellaneous clerical expenses. Compliance with Rule 6a–4 is mandatory. Information received in response to Rule 6a–4 shall not be kept confidential; the information collected is public information. Written comments are invited on: (a) whether the proposed collection of information is necessary for the proper performance of the functions of the agency, including whether the information shall have practical utility; (b) the accuracy of the agency’s estimate of the burden of the proposed collection of information; (c) ways to enhance the quality, utility, and clarity of the information to be 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 by December 27, 2022. 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 OMB control number. Please direct your written comments to: David Bottom, Director/Chief Information Officer, Securities and Exchange Commission, c/o John Pezzullo, 100 F Street NE, Washington, DC 20549 or send an email to: PRA_ Mailbox@sec.gov. BILLING CODE 8011–01–P Jkt 259001 PO 00000 Frm 00095 Fmt 4703 Sfmt 4703 SECURITIES AND EXCHANGE COMMISSION [Release No. 34–96107; File No. SR–FINRA– 2022–029] Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Extend the Expiration Date of the Temporary Amendments Set Forth in SR–FINRA–2020–027 and the Temporary Amendments to FINRA Rule 9341(d) in SR–FINRA–2020–015 October 19, 2022. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (‘‘Act’’) 1 and Rule 19b–4 thereunder,2 notice is hereby given that on October 17, 2022, the Financial Industry Regulatory Authority, Inc. (‘‘FINRA’’) filed with the Securities and Exchange Commission (‘‘SEC’’ or ‘‘Commission’’) the proposed rule change as described in Items I and II below, which Items have been prepared by FINRA. FINRA has designated the proposed rule change as constituting a ‘‘non-controversial’’ rule change under paragraph (f)(6) of Rule 19b–4 under the Act,3 which renders the proposal effective upon receipt of this filing by the Commission. The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons. I. Self-Regulatory Organization’s Statement of the Terms of Substance of the Proposed Rule Change FINRA is proposing to extend the expiration date of the temporary amendments set forth in SR–FINRA– 2020–027 and the temporary amendments to FINRA Rule 9341(d) in SR–FINRA–2020–015 from October 31, 2022, to January 31, 2023.4 The proposed rule change would not make any changes to the text of FINRA rules. The text of the proposed rule change is available on FINRA’s website at https://www.finra.org, at the principal office of FINRA and at the Commission’s Public Reference Room. 1 15 U.S.C. 78s(b)(1). CFR 240.19b–4. 3 17 CFR 240.19b–4(f)(6). 4 If FINRA seeks to provide additional temporary relief from the rule requirements identified in this proposed rule change beyond January 31, 2023, FINRA will submit a separate rule filing to further extend the temporary extension of time. The amended FINRA rules will revert to their original form at the conclusion of the temporary relief period and any extension thereof. 2 17 E:\FR\FM\25OCN1.SGM 25OCN1 Federal Register / Vol. 87, No. 205 / Tuesday, October 25, 2022 / Notices II. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change In its filing with the Commission, FINRA 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. FINRA has prepared summaries, set forth in sections A, B, and C below, of the most significant aspects of such statements. A. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change 1. Purpose khammond on DSKJM1Z7X2PROD with NOTICES In response to the COVID–19 global health crisis and the corresponding need to restrict in-person activities, FINRA filed proposed rule changes, SR– FINRA–2020–015 and SR–FINRA– 2020–027, which respectively provide temporary relief from some timing, method of service and other procedural requirements in FINRA rules and allow FINRA’s Office of Hearing Officers (‘‘OHO’’) and the National Adjudicatory Council (‘‘NAC’’) to conduct hearings, on a temporary basis, by video conference, if warranted by the current COVID–19-related public health risks posed by an in-person hearing. In July 2022, FINRA filed a proposed rule change, SR–FINRA–2022–018, to extend the expiration date of the temporary amendments in both SR–FINRA–2020– 015 and SR–FINRA–2020–027 from July 31, 2022, to October 31, 2022.5 Due to the continued presence and uncertainty of COVID–19, FINRA proposes to extend the expiration date of the temporary amendments in SR–FINRA– 2020–027 and the temporary amendments to FINRA Rule 9341(d) in SR–FINRA–2020–015 from October 31, 2022, to January 31, 2023.6 5 See Securities Exchange Act Release No. 95281 (July 14, 2022), 87 FR 43335 (July 20, 2022) (Notice of Filing and Immediate Effectiveness of File No. SR–FINRA–2022–018). 6 In June 2022, the Commission approved FINRA’s rule proposal to make permanent the temporary amendments to the electronic service and filing rules originally set forth in SR–FINRA– 2020–015, with some modifications, as described in the approval order. See Securities Exchange Act Release No. 95147 (June 23, 2022), 87 FR 38803 (June 29, 2022) (Order Approving File No. SR– FINRA–2022–009). Those amendments became effective on August 22, 2022. See Regulatory Notice 22–16 (July 2022). In addition to the electronic service and filing rules, SR–FINRA–2020–015 also included other temporary amendments pertaining to certain adjudicatory and review processes. All of these other temporary amendments expired on the VerDate Sep<11>2014 16:52 Oct 24, 2022 Jkt 259001 Due to the public health concerns and restrictions resulting from the outbreak of COVID–19, along with a corresponding backlog of disciplinary cases,7 FINRA filed, and subsequently extended to October 31, 2022, SR– FINRA–2020–027 8 to temporarily amend FINRA Rules 1015, 9261, 9524, and 9830 to grant OHO and the NAC authority 9 to conduct hearings in connection with appeals of Membership Application Program decisions, disciplinary actions, eligibility proceedings and temporary and permanent cease and desist orders by video conference, if warranted by the COVID–19-related public health risks posed by an in-person hearing.10 Although there has been a downward trend in the number of COVID–19 cases since FINRA filed SR–FINRA–2022–018 in July 2022, FINRA believes there is a continued need for temporary relief beyond October 31, 2022. In this regard, FINRA notes that COVID–19 still remains a public health concern. For example, according to the Centers for Disease Control and Prevention (‘‘CDC’’), the 7-day moving average of new deaths from COVID–19 in the effective date of SR–FINRA–2022–009, except for the provisions to allow NAC oral arguments by video conference (FINRA Rule 9341(d)). 7 For example, FINRA began temporarily postponing in-person hearings as a result of the COVID–19 impacts on March 16, 2020. 8 The same COVID–19 public health concerns and restrictions led FINRA to file SR–FINRA–2020–015, which included the temporary amendments to allow NAC oral arguments by videoconference. See Securities Exchange Act Release No. 88917 (May 20, 2020), 85 FR 31832 (May 27, 2020) (Notice of Filing and Immediate Effectiveness of File No. SR– FINRA–2020–015). 9 For OHO hearings under FINRA Rules 9261 and 9830, the proposed rule change temporarily grants authority to the Chief or Deputy Chief Hearing Officer to order that a hearing be conducted by video conference. For NAC hearings under FINRA Rules 1015 and 9524, this temporary authority is granted to the NAC or the relevant Subcommittee. With respect to both OHO and NAC hearings, the temporary authority of the adjudicator is discretionary, so in-person hearings may continue to take place where safe and appropriate. 10 See Securities Exchange Act Release No. 89737 (September 2, 2020), 85 FR 55712 (September 9, 2020) (Notice of Filing and Immediate Effectiveness of File No. SR–FINRA–2020–027); Securities Exchange Act Release No. 90619 (December 9, 2020), 85 FR 81250 (December 15, 2020) (Notice of Filing and Immediate Effectiveness of File No. SR– FINRA–2020–042); Securities Exchange Act Release No. 91495 (April 7, 2021), 86 FR 19306 (April 13, 2021) (Notice of Filing and Immediate Effectiveness of File No. SR–FINRA–2021–006); Securities Exchange Act Release No. 92685 (August 17, 2021), 86 FR 47169 (August 23, 2021) (Notice of Filing and Immediate Effectiveness of File No. SR–FINRA– 2021–019); Securities Exchange Act Release No. 93758 (December 13, 2021), 86 FR 71695 (December 17, 2021) (Notice of Filing and Immediate Effectiveness of File No. SR–FINRA–2021–031); Securities Exchange Act Release No. 94430 (March 16, 2022), 87 FR 16262 (March 22, 2022) (Notice of Filing and Immediate Effectiveness of File No. SR– FINRA–2022–004); supra note 5. PO 00000 Frm 00096 Fmt 4703 Sfmt 4703 64527 United States during September 2022 ranged from approximately 300 to 500 deaths per day,11 and approximately 23 percent of counties in the United States have a medium or high COVID–19 Community Level based on the CDC’s most recent calculations.12 Much uncertainty also remains as to whether there will be a significant increase in the number of cases of COVID–19 in the future given the emergence of new Omicron variants that the CDC currently is tracking 13 and the dissimilar vaccination rates (completed primary series and a first booster dose) throughout the United States.14 In addition, as set forth in the previous filings, FINRA relies on the guidance of its health and safety consultant, in conjunction with COVID– 19 data and guidance issued by public health authorities, to determine whether the current public health risks presented by an in-person hearing may warrant a hearing by video conference.15 FINRA strives to hold in-person hearings when it is safe to do so, but because FINRA conducts hearings at locations throughout the United States, FINRA believes that it may be difficult to conduct in-person hearings at certain locations based on that data and guidance. As a result, FINRA believes there will be a continued need for temporary relief beyond October 31, 2022. Accordingly, FINRA proposes to extend the expiration date of the temporary amendments originally set forth in SR– FINRA–2020–027 and the temporary 11 See CDC, COVID Data Tracker—Trends in Number of COVID–19 Cases and Deaths in the US Reported to CDC, by State/Territory, https:// covid.cdc.gov/covid-data-tracker/#trends_ dailydeaths_select_00 (last visited Oct. 11, 2022). 12 See CDC, COVID Data Tracker—COVID–19 Integrated County View, https://covid.cdc.gov/ covid-data-tracker/#county-view?list_select_ state=all_states&list_select_county=all_ counties&datatype=CommunityLevels&null=CommunityLevels (last visited Oct. 11, 2022). 13 These new Omicron variants include BA.4.6, BF.7, and BA.2.75. See CDC, COVID Data Tracker— Variant Proportions, https://covid.cdc.gov/coviddata-tracker/#variant-proportions (last visited Oct. 11, 2022). 14 A state-by-state comparison of vaccination rates is available at https://covid.cdc.gov/covid-datatracker/#vaccinations_vacc-people-additional-dosetotalpop. 15 As noted in SR–FINRA–2020–027, the temporary proposed rule change grants discretion to OHO and the NAC to order a video conference hearing. In deciding whether to schedule a hearing by video conference, OHO and the NAC may consider a variety of other factors in addition to COVID–19 trends. In SR–FINRA–2020–027, FINRA provided a non-exhaustive list of other factors OHO and the NAC may take into consideration, including a hearing participant’s individual health concerns and access to the connectivity and technology necessary to participate in a video conference hearing. E:\FR\FM\25OCN1.SGM 25OCN1 64528 Federal Register / Vol. 87, No. 205 / Tuesday, October 25, 2022 / Notices amendments to FINRA Rule 9341(d) in SR–FINRA–2020–015 from October 31, 2022, to January 31, 2023.16 As previously noted, FINRA strives to hold in-person hearings when it is safe to do so and the extension of temporary relief therefore does not mean a video conference hearing will be ordered in every case.17 Given the uncertainty regarding COVID–19, however, the extension of these temporary amendments allowing for specified OHO and NAC hearings to proceed by video conference will ensure that FINRA’s critical adjudicatory functions continue to operate effectively in these circumstances—enabling FINRA to fulfill its statutory obligations to protect investors and maintain fair and orderly markets—while also protecting the health and safety of hearing participants.18 FINRA has filed the proposed rule change for immediate effectiveness and has requested that the SEC waive the requirement that the proposed rule change not become operative for 30 days after the date of the filing, so FINRA can implement the proposed rule change immediately. khammond on DSKJM1Z7X2PROD with NOTICES 16 See supra note 5. 17 In fact, FINRA began to hold in-person hearings at a single location last year. In July 2021 FINRA held its first in-person hearing since the temporary amendments were implemented. A subsequent surge in case numbers for the Delta variant of the COVID–19 virus caused FINRA’s outside health and safety consultant to recommend in early August 2021 against in-person hearings. Accordingly, the Chief Hearing Officer converted hearings scheduled after mid-September 2021 from in-person to video conference on a case-by-case basis. In July 2022 FINRA scheduled another in-person hearing but shortly before it began the parties jointly requested that the hearing be conducted via video conference instead, and the Chief Hearing Officer used her discretion to order that the hearing be conducted by video conference. 18 Since the temporary amendments were implemented, OHO and the NAC have conducted several hearings by video conference. As of October 10, 2022, OHO has conducted 17 disciplinary hearings by video conference (decisions have been issued in all of these cases). In six of these disciplinary hearings, all of the parties agreed to proceed by video conference; the other 11 were ordered to proceed by video conference by the Chief Hearing Officer. OHO currently has hearings scheduled in five additional disciplinary matters. No determination has yet been made regarding whether these five hearings will be in-person or by video conference. Also, as of October 10, 2022, the NAC, through the relevant Subcommittee, has conducted 16 oral arguments by video conference in connection with appeals of FINRA disciplinary proceedings pursuant to FINRA Rule 9341(d), as temporarily amended. Furthermore, the NAC has conducted via video conference a one-day evidentiary hearing in a membership application proceeding pursuant to FINRA Rule 1015, as temporarily amended. The NAC also has conducted via video conference three evidentiary hearings in eligibility matters pursuant to FINRA Rule 9524, as temporarily amended. VerDate Sep<11>2014 16:52 Oct 24, 2022 Jkt 259001 2. Statutory Basis FINRA believes that the proposed rule change is consistent with the provisions of Section 15A(b)(6) of the Act,19 which requires, among other things, that FINRA rules must be designed to prevent fraudulent and manipulative acts and practices, to promote just and equitable principles of trade, and, in general, to protect investors and the public interest. FINRA believes that the proposed rule change is also consistent with Section 15A(b)(8) of the Act,20 which requires, among other things, that FINRA rules provide a fair procedure for the disciplining of members and persons associated with members. The proposed rule change, which extends the expiration date of the temporary amendments to FINRA rules set forth in SR–FINRA–2020–027 and the temporary amendments to FINRA Rule 9341(d) in SR–FINRA–2020–015, will continue to aid FINRA’s efforts to timely conduct hearings in connection with its core adjudicatory functions. Given that COVID–19 remains a public health concern and the uncertainty around a potential spike in cases of the disease, without this relief allowing OHO and NAC hearings to proceed by video conference, FINRA might be required to postpone some or almost all hearings for a significant period of time. FINRA must be able to perform its critical adjudicatory functions to fulfill its statutory obligations to protect investors and maintain fair and orderly markets. As such, this relief is essential to FINRA’s ability to fulfill its statutory obligations and allows hearing participants to avoid the COVID–19related health and safety risks associated with in-person hearings. Among other things, this relief will allow OHO to conduct temporary cease and desist proceedings by video conference so that FINRA can take immediate action to stop ongoing customer harm and will allow the NAC to timely provide members, disqualified individuals and other applicants an approval or denial of their applications. As set forth in detail in the original filings, this temporary relief allowing OHO and NAC hearings to proceed by video conference accounts for fair process considerations and will continue to provide fair process while avoiding the COVID–19-related public health risks for hearing participants. Accordingly, the proposed rule change extending this temporary relief is in the public interest and consistent with the Act’s purpose. 19 15 20 15 PO 00000 U.S.C. 78o–3(b)(6). U.S.C. 78o–3(b)(8). Frm 00097 Fmt 4703 Sfmt 4703 B. Self-Regulatory Organization’s Statement on Burden on Competition FINRA does not believe that the temporary proposed rule change will result in any burden on competition that is not necessary or appropriate in furtherance of the purposes of the Act. As set forth in SR–FINRA–2020–027 and, with respect to FINRA Rule 9341(d), in SR–FINRA–2020–015, the proposed rule change is intended solely to extend temporary relief necessitated by the continued presence of COVID–19 and the related health and safety risks of conducting in-person activities. FINRA believes that the proposed rule change will prevent unnecessary impediments to FINRA’s critical adjudicatory processes and its ability to fulfill its statutory obligations to protect investors and maintain fair and orderly markets that would otherwise result if the temporary amendments were to expire on October 31, 2022. C. Self-Regulatory Organization’s Statement on Comments on the Proposed Rule Change Received From Members, Participants, or Others Written comments were neither solicited nor received. III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action Because the foregoing proposed rule change does not: (i) significantly affect the protection of investors or the public interest; (ii) impose any significant burden on competition; and (iii) become operative for 30 days from the date on which it was filed, or such shorter time as the Commission may designate, it has become effective pursuant to Section 19(b)(3)(A) of the Act 21 and Rule 19b– 4(f)(6) thereunder.22 A proposed rule change filed under Rule 19b–4(f)(6) normally does not become operative for 30 days after the date of filing. However, pursuant to Rule 19b–4(f)(6)(iii), the Commission may designate a shorter time if such action is consistent with the protection of investors and the public interest. As FINRA requested in connection with SR–FINRA–2020–015 and related extensions,23 FINRA has also asked the 21 15 U.S.C. 78s(b)(3)(A). CFR 240.19b–4(f)(6). 23 See SR–FINRA–2020–015, 85 FR 31836. Although FINRA did not request that the Commission waive the 30-day operative delay for SR–FINRA–2020–027, FINRA did request that the Commission waive the 30-day operative delay for SR–FINRA–2020–042, SR–FINRA–2021–006, SR– FINRA–2021–019, SR–FINRA–2021–031, SR– FINRA–2022–004, and SR–FINRA–2022–018 which extended the expiration date of the temporary amendments originally set forth in SR–FINRA– 2020–027. 22 17 E:\FR\FM\25OCN1.SGM 25OCN1 Federal Register / Vol. 87, No. 205 / Tuesday, October 25, 2022 / Notices khammond on DSKJM1Z7X2PROD with NOTICES Commission to waive the 30-day operative delay so that this proposed rule change may become operative immediately upon filing. FINRA has indicated that extending the relief provided originally in SR– FINRA–2020–015 and SR–FINRA– 2020–027 will continue to provide FINRA the ability to safely conduct hearings in connection with its core functions during the COVID–19 outbreak. Importantly, extending the relief provided in these prior rule changes immediately upon filing and without a 30-day operative delay will allow FINRA to continue critical adjudicatory and review processes in a reasonable and fair manner and meet its critical investor protection goals, while also following best practices with respect to the health and safety of its employees.24 The Commission also notes that this proposal, like SR– FINRA–2020–015 and SR–FINRA– 2020–027, provides only temporary relief during the period in which FINRA’s operations are impacted by COVID–19. As proposed, the changes would be in place through January 31, 2023.25 FINRA also noted in both SR– FINRA–2020–015 and SR–FINRA– 2020–027 that the amended rules will revert back to their original state at the conclusion of the temporary relief period and, if applicable, any extension thereof.26 For these reasons, the Commission believes that waiver of the 30-day operative delay for this proposal is consistent with the protection of investors and the public interest. Accordingly, the Commission hereby waives the 30-day operative delay and designates the proposal operative upon filing.27 At any time within 60 days of the filing of the proposed rule change, the Commission summarily may temporarily suspend such rule change if it appears to the Commission that such action is necessary or appropriate in the public interest, for the protection of investors, or otherwise in furtherance of the purposes of the Act. If the Commission takes such action, the Commission shall institute proceedings 24 See supra Item II.A.1; see also SR–FINRA– 2020–015, 85 FR 31833. 25 As noted above, see supra note 4, FINRA stated that if it requires temporary relief from the rule requirements identified in this proposal beyond January 31, 2023, it may submit a separate rule filing to extend the effectiveness of the temporary relief under these rules. 26 See SR–FINRA–2020–015, 85 FR 31833; see also SR–FINRA–2020–027, 85 FR 55712. 27 For purposes only of waiving the 30-day operative delay, the Commission has considered the proposed rule change’s impact on efficiency, competition, and capital formation. See 15 U.S.C. 78c(f). VerDate Sep<11>2014 16:52 Oct 24, 2022 Jkt 259001 to determine whether the proposed rule should be approved or disapproved. IV. Solicitation of Comments Interested persons are invited to submit written data, views and arguments concerning the foregoing, including whether the proposed rule change is consistent with the Act. Comments may be submitted by any of the following methods: • Use the Commission’s internet comment form (https://www.sec.gov/ rules/sro.shtml); or • Send an email to rule-comments@ sec.gov. Please include File Number SR– FINRA–2022–029 on the subject line. Paper Comments • Send paper comments in triplicate to Secretary, Securities and Exchange Commission, 100 F Street NE, Washington, DC 20549–1090. All submissions should refer to File Number SR–FINRA–2022–029. This file number should be included on the subject line if email is used. To help the Commission process and review your comments more efficiently, please use only one method. The Commission will post all comments on the Commission’s internet website (https://www.sec.gov/ rules/sro.shtml). Copies of the submission, all subsequent amendments, all written statements 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 such filing also will be available for inspection and copying at the principal office of FINRA. 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 SR–FINRA– 2022–029 and should be submitted on or before November 15, 2022. Frm 00098 Fmt 4703 For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.28 J. Matthew DeLesDernier, Deputy Secretary. [FR Doc. 2022–23085 Filed 10–24–22; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–96104; File No. SR– NASDAQ–2022–054] Electronic Comments PO 00000 64529 Sfmt 4703 Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Temporarily Waive Certain Port-Related Fees at Equity 7, Section 115 and Equity 7, Section 130 October 19, 2022. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (‘‘Act’’),1 and Rule 19b–4 thereunder,2 notice is hereby given that on October 11, 2022, The Nasdaq Stock Market LLC (‘‘Nasdaq’’ or ‘‘Exchange’’) filed with the Securities and Exchange Commission (‘‘Commission’’) the proposed rule change as described in Items I and II, below, which Items have been prepared by the Exchange. The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons. I. Self-Regulatory Organization’s Statement of the Terms of Substance of the Proposed Rule Change The Exchange proposes to temporarily waive certain port-related fees at Equity 7, Section 115 and Equity 7, Section 130, as described further below. The text of the proposed rule change is available on the Exchange’s website at https://listingcenter.nasdaq.com/ rulebook/nasdaq/rules, at the principal office of the Exchange, and at the Commission’s Public Reference Room. 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 28 17 CFR 200.30–3(a)(12). U.S.C. 78s(b)(1). 2 17 CFR 240.19b–4. 1 15 E:\FR\FM\25OCN1.SGM 25OCN1

Agencies

[Federal Register Volume 87, Number 205 (Tuesday, October 25, 2022)]
[Notices]
[Pages 64526-64529]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-23085]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-96107; File No. SR-FINRA-2022-029]


Self-Regulatory Organizations; Financial Industry Regulatory 
Authority, Inc.; Notice of Filing and Immediate Effectiveness of a 
Proposed Rule Change To Extend the Expiration Date of the Temporary 
Amendments Set Forth in SR-FINRA-2020-027 and the Temporary Amendments 
to FINRA Rule 9341(d) in SR-FINRA-2020-015

October 19, 2022.
    Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 
(``Act'') \1\ and Rule 19b-4 thereunder,\2\ notice is hereby given that 
on October 17, 2022, the Financial Industry Regulatory Authority, Inc. 
(``FINRA'') filed with the Securities and Exchange Commission (``SEC'' 
or ``Commission'') the proposed rule change as described in Items I and 
II below, which Items have been prepared by FINRA. FINRA has designated 
the proposed rule change as constituting a ``non-controversial'' rule 
change under paragraph (f)(6) of Rule 19b-4 under the Act,\3\ which 
renders the proposal effective upon receipt of this filing by the 
Commission. The Commission is publishing this notice to solicit 
comments on the proposed rule change from interested persons.
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ 17 CFR 240.19b-4(f)(6).
---------------------------------------------------------------------------

I. Self-Regulatory Organization's Statement of the Terms of Substance 
of the Proposed Rule Change

    FINRA is proposing to extend the expiration date of the temporary 
amendments set forth in SR-FINRA-2020-027 and the temporary amendments 
to FINRA Rule 9341(d) in SR-FINRA-2020-015 from October 31, 2022, to 
January 31, 2023.\4\ The proposed rule change would not make any 
changes to the text of FINRA rules.
---------------------------------------------------------------------------

    \4\ If FINRA seeks to provide additional temporary relief from 
the rule requirements identified in this proposed rule change beyond 
January 31, 2023, FINRA will submit a separate rule filing to 
further extend the temporary extension of time. The amended FINRA 
rules will revert to their original form at the conclusion of the 
temporary relief period and any extension thereof.
---------------------------------------------------------------------------

    The text of the proposed rule change is available on FINRA's 
website at https://www.finra.org, at the principal office of FINRA and 
at the Commission's Public Reference Room.

[[Page 64527]]

II. Self-Regulatory Organization's Statement of the Purpose of, and 
Statutory Basis for, the Proposed Rule Change

    In its filing with the Commission, FINRA 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. FINRA has prepared summaries, set forth in sections A, 
B, and C below, of the most significant aspects of such statements.

A. Self-Regulatory Organization's Statement of the Purpose of, and 
Statutory Basis for, the Proposed Rule Change

1. Purpose
    In response to the COVID-19 global health crisis and the 
corresponding need to restrict in-person activities, FINRA filed 
proposed rule changes, SR-FINRA-2020-015 and SR-FINRA-2020-027, which 
respectively provide temporary relief from some timing, method of 
service and other procedural requirements in FINRA rules and allow 
FINRA's Office of Hearing Officers (``OHO'') and the National 
Adjudicatory Council (``NAC'') to conduct hearings, on a temporary 
basis, by video conference, if warranted by the current COVID-19-
related public health risks posed by an in-person hearing. In July 
2022, FINRA filed a proposed rule change, SR-FINRA-2022-018, to extend 
the expiration date of the temporary amendments in both SR-FINRA-2020-
015 and SR-FINRA-2020-027 from July 31, 2022, to October 31, 2022.\5\ 
Due to the continued presence and uncertainty of COVID-19, FINRA 
proposes to extend the expiration date of the temporary amendments in 
SR-FINRA-2020-027 and the temporary amendments to FINRA Rule 9341(d) in 
SR-FINRA-2020-015 from October 31, 2022, to January 31, 2023.\6\
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    \5\ See Securities Exchange Act Release No. 95281 (July 14, 
2022), 87 FR 43335 (July 20, 2022) (Notice of Filing and Immediate 
Effectiveness of File No. SR-FINRA-2022-018).
    \6\ In June 2022, the Commission approved FINRA's rule proposal 
to make permanent the temporary amendments to the electronic service 
and filing rules originally set forth in SR-FINRA-2020-015, with 
some modifications, as described in the approval order. See 
Securities Exchange Act Release No. 95147 (June 23, 2022), 87 FR 
38803 (June 29, 2022) (Order Approving File No. SR-FINRA-2022-009). 
Those amendments became effective on August 22, 2022. See Regulatory 
Notice 22-16 (July 2022). In addition to the electronic service and 
filing rules, SR-FINRA-2020-015 also included other temporary 
amendments pertaining to certain adjudicatory and review processes. 
All of these other temporary amendments expired on the effective 
date of SR-FINRA-2022-009, except for the provisions to allow NAC 
oral arguments by video conference (FINRA Rule 9341(d)).
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    Due to the public health concerns and restrictions resulting from 
the outbreak of COVID-19, along with a corresponding backlog of 
disciplinary cases,\7\ FINRA filed, and subsequently extended to 
October 31, 2022, SR-FINRA-2020-027 \8\ to temporarily amend FINRA 
Rules 1015, 9261, 9524, and 9830 to grant OHO and the NAC authority \9\ 
to conduct hearings in connection with appeals of Membership 
Application Program decisions, disciplinary actions, eligibility 
proceedings and temporary and permanent cease and desist orders by 
video conference, if warranted by the COVID-19-related public health 
risks posed by an in-person hearing.\10\
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    \7\ For example, FINRA began temporarily postponing in-person 
hearings as a result of the COVID-19 impacts on March 16, 2020.
    \8\ The same COVID-19 public health concerns and restrictions 
led FINRA to file SR-FINRA-2020-015, which included the temporary 
amendments to allow NAC oral arguments by videoconference. See 
Securities Exchange Act Release No. 88917 (May 20, 2020), 85 FR 
31832 (May 27, 2020) (Notice of Filing and Immediate Effectiveness 
of File No. SR-FINRA-2020-015).
    \9\ For OHO hearings under FINRA Rules 9261 and 9830, the 
proposed rule change temporarily grants authority to the Chief or 
Deputy Chief Hearing Officer to order that a hearing be conducted by 
video conference. For NAC hearings under FINRA Rules 1015 and 9524, 
this temporary authority is granted to the NAC or the relevant 
Subcommittee. With respect to both OHO and NAC hearings, the 
temporary authority of the adjudicator is discretionary, so in-
person hearings may continue to take place where safe and 
appropriate.
    \10\ See Securities Exchange Act Release No. 89737 (September 2, 
2020), 85 FR 55712 (September 9, 2020) (Notice of Filing and 
Immediate Effectiveness of File No. SR-FINRA-2020-027); Securities 
Exchange Act Release No. 90619 (December 9, 2020), 85 FR 81250 
(December 15, 2020) (Notice of Filing and Immediate Effectiveness of 
File No. SR-FINRA-2020-042); Securities Exchange Act Release No. 
91495 (April 7, 2021), 86 FR 19306 (April 13, 2021) (Notice of 
Filing and Immediate Effectiveness of File No. SR-FINRA-2021-006); 
Securities Exchange Act Release No. 92685 (August 17, 2021), 86 FR 
47169 (August 23, 2021) (Notice of Filing and Immediate 
Effectiveness of File No. SR-FINRA-2021-019); Securities Exchange 
Act Release No. 93758 (December 13, 2021), 86 FR 71695 (December 17, 
2021) (Notice of Filing and Immediate Effectiveness of File No. SR-
FINRA-2021-031); Securities Exchange Act Release No. 94430 (March 
16, 2022), 87 FR 16262 (March 22, 2022) (Notice of Filing and 
Immediate Effectiveness of File No. SR-FINRA-2022-004); supra note 
5.
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    Although there has been a downward trend in the number of COVID-19 
cases since FINRA filed SR-FINRA-2022-018 in July 2022, FINRA believes 
there is a continued need for temporary relief beyond October 31, 2022. 
In this regard, FINRA notes that COVID-19 still remains a public health 
concern. For example, according to the Centers for Disease Control and 
Prevention (``CDC''), the 7-day moving average of new deaths from 
COVID-19 in the United States during September 2022 ranged from 
approximately 300 to 500 deaths per day,\11\ and approximately 23 
percent of counties in the United States have a medium or high COVID-19 
Community Level based on the CDC's most recent calculations.\12\ Much 
uncertainty also remains as to whether there will be a significant 
increase in the number of cases of COVID-19 in the future given the 
emergence of new Omicron variants that the CDC currently is tracking 
\13\ and the dissimilar vaccination rates (completed primary series and 
a first booster dose) throughout the United States.\14\
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    \11\ See CDC, COVID Data Tracker--Trends in Number of COVID-19 
Cases and Deaths in the US Reported to CDC, by State/Territory, 
https://covid.cdc.gov/covid-data-tracker/#trends_dailydeaths_select_00 (last visited Oct. 11, 2022).
    \12\ See CDC, COVID Data Tracker--COVID-19 Integrated County 
View, https://covid.cdc.gov/covid-data-tracker/#county-view?list_select_state=all_states&list_select_county=all_counties&data-type=CommunityLevels&null=CommunityLevels (last visited Oct. 11, 
2022).
    \13\ These new Omicron variants include BA.4.6, BF.7, and 
BA.2.75. See CDC, COVID Data Tracker--Variant Proportions, https://covid.cdc.gov/covid-data-tracker/#variant-proportions (last visited 
Oct. 11, 2022).
    \14\ A state-by-state comparison of vaccination rates is 
available at https://covid.cdc.gov/covid-data-tracker/#vaccinations_vacc-people-additional-dose-totalpop.
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    In addition, as set forth in the previous filings, FINRA relies on 
the guidance of its health and safety consultant, in conjunction with 
COVID-19 data and guidance issued by public health authorities, to 
determine whether the current public health risks presented by an in-
person hearing may warrant a hearing by video conference.\15\ FINRA 
strives to hold in-person hearings when it is safe to do so, but 
because FINRA conducts hearings at locations throughout the United 
States, FINRA believes that it may be difficult to conduct in-person 
hearings at certain locations based on that data and guidance.
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    \15\ As noted in SR-FINRA-2020-027, the temporary proposed rule 
change grants discretion to OHO and the NAC to order a video 
conference hearing. In deciding whether to schedule a hearing by 
video conference, OHO and the NAC may consider a variety of other 
factors in addition to COVID-19 trends. In SR-FINRA-2020-027, FINRA 
provided a non-exhaustive list of other factors OHO and the NAC may 
take into consideration, including a hearing participant's 
individual health concerns and access to the connectivity and 
technology necessary to participate in a video conference hearing.
---------------------------------------------------------------------------

    As a result, FINRA believes there will be a continued need for 
temporary relief beyond October 31, 2022. Accordingly, FINRA proposes 
to extend the expiration date of the temporary amendments originally 
set forth in SR-FINRA-2020-027 and the temporary

[[Page 64528]]

amendments to FINRA Rule 9341(d) in SR-FINRA-2020-015 from October 31, 
2022, to January 31, 2023.\16\ As previously noted, FINRA strives to 
hold in-person hearings when it is safe to do so and the extension of 
temporary relief therefore does not mean a video conference hearing 
will be ordered in every case.\17\ Given the uncertainty regarding 
COVID-19, however, the extension of these temporary amendments allowing 
for specified OHO and NAC hearings to proceed by video conference will 
ensure that FINRA's critical adjudicatory functions continue to operate 
effectively in these circumstances--enabling FINRA to fulfill its 
statutory obligations to protect investors and maintain fair and 
orderly markets--while also protecting the health and safety of hearing 
participants.\18\
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    \16\ See supra note 5.
    \17\ In fact, FINRA began to hold in-person hearings at a single 
location last year. In July 2021 FINRA held its first in-person 
hearing since the temporary amendments were implemented. A 
subsequent surge in case numbers for the Delta variant of the COVID-
19 virus caused FINRA's outside health and safety consultant to 
recommend in early August 2021 against in-person hearings. 
Accordingly, the Chief Hearing Officer converted hearings scheduled 
after mid-September 2021 from in-person to video conference on a 
case-by-case basis. In July 2022 FINRA scheduled another in-person 
hearing but shortly before it began the parties jointly requested 
that the hearing be conducted via video conference instead, and the 
Chief Hearing Officer used her discretion to order that the hearing 
be conducted by video conference.
    \18\ Since the temporary amendments were implemented, OHO and 
the NAC have conducted several hearings by video conference. As of 
October 10, 2022, OHO has conducted 17 disciplinary hearings by 
video conference (decisions have been issued in all of these cases). 
In six of these disciplinary hearings, all of the parties agreed to 
proceed by video conference; the other 11 were ordered to proceed by 
video conference by the Chief Hearing Officer. OHO currently has 
hearings scheduled in five additional disciplinary matters. No 
determination has yet been made regarding whether these five 
hearings will be in-person or by video conference. Also, as of 
October 10, 2022, the NAC, through the relevant Subcommittee, has 
conducted 16 oral arguments by video conference in connection with 
appeals of FINRA disciplinary proceedings pursuant to FINRA Rule 
9341(d), as temporarily amended. Furthermore, the NAC has conducted 
via video conference a one-day evidentiary hearing in a membership 
application proceeding pursuant to FINRA Rule 1015, as temporarily 
amended. The NAC also has conducted via video conference three 
evidentiary hearings in eligibility matters pursuant to FINRA Rule 
9524, as temporarily amended.
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    FINRA has filed the proposed rule change for immediate 
effectiveness and has requested that the SEC waive the requirement that 
the proposed rule change not become operative for 30 days after the 
date of the filing, so FINRA can implement the proposed rule change 
immediately.
2. Statutory Basis
    FINRA believes that the proposed rule change is consistent with the 
provisions of Section 15A(b)(6) of the Act,\19\ which requires, among 
other things, that FINRA rules must be designed to prevent fraudulent 
and manipulative acts and practices, to promote just and equitable 
principles of trade, and, in general, to protect investors and the 
public interest. FINRA believes that the proposed rule change is also 
consistent with Section 15A(b)(8) of the Act,\20\ which requires, among 
other things, that FINRA rules provide a fair procedure for the 
disciplining of members and persons associated with members.
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    \19\ 15 U.S.C. 78o-3(b)(6).
    \20\ 15 U.S.C. 78o-3(b)(8).
---------------------------------------------------------------------------

    The proposed rule change, which extends the expiration date of the 
temporary amendments to FINRA rules set forth in SR-FINRA-2020-027 and 
the temporary amendments to FINRA Rule 9341(d) in SR-FINRA-2020-015, 
will continue to aid FINRA's efforts to timely conduct hearings in 
connection with its core adjudicatory functions. Given that COVID-19 
remains a public health concern and the uncertainty around a potential 
spike in cases of the disease, without this relief allowing OHO and NAC 
hearings to proceed by video conference, FINRA might be required to 
postpone some or almost all hearings for a significant period of time. 
FINRA must be able to perform its critical adjudicatory functions to 
fulfill its statutory obligations to protect investors and maintain 
fair and orderly markets. As such, this relief is essential to FINRA's 
ability to fulfill its statutory obligations and allows hearing 
participants to avoid the COVID-19-related health and safety risks 
associated with in-person hearings.
    Among other things, this relief will allow OHO to conduct temporary 
cease and desist proceedings by video conference so that FINRA can take 
immediate action to stop ongoing customer harm and will allow the NAC 
to timely provide members, disqualified individuals and other 
applicants an approval or denial of their applications. As set forth in 
detail in the original filings, this temporary relief allowing OHO and 
NAC hearings to proceed by video conference accounts for fair process 
considerations and will continue to provide fair process while avoiding 
the COVID-19-related public health risks for hearing participants. 
Accordingly, the proposed rule change extending this temporary relief 
is in the public interest and consistent with the Act's purpose.

B. Self-Regulatory Organization's Statement on Burden on Competition

    FINRA does not believe that the temporary proposed rule change will 
result in any burden on competition that is not necessary or 
appropriate in furtherance of the purposes of the Act. As set forth in 
SR-FINRA-2020-027 and, with respect to FINRA Rule 9341(d), in SR-FINRA-
2020-015, the proposed rule change is intended solely to extend 
temporary relief necessitated by the continued presence of COVID-19 and 
the related health and safety risks of conducting in-person activities. 
FINRA believes that the proposed rule change will prevent unnecessary 
impediments to FINRA's critical adjudicatory processes and its ability 
to fulfill its statutory obligations to protect investors and maintain 
fair and orderly markets that would otherwise result if the temporary 
amendments were to expire on October 31, 2022.

C. Self-Regulatory Organization's Statement on Comments on the Proposed 
Rule Change Received From Members, Participants, or Others

    Written comments were neither solicited nor received.

III. Date of Effectiveness of the Proposed Rule Change and Timing for 
Commission Action

    Because the foregoing proposed rule change does not: (i) 
significantly affect the protection of investors or the public 
interest; (ii) impose any significant burden on competition; and (iii) 
become operative for 30 days from the date on which it was filed, or 
such shorter time as the Commission may designate, it has become 
effective pursuant to Section 19(b)(3)(A) of the Act \21\ and Rule 19b-
4(f)(6) thereunder.\22\
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    \21\ 15 U.S.C. 78s(b)(3)(A).
    \22\ 17 CFR 240.19b-4(f)(6).
---------------------------------------------------------------------------

    A proposed rule change filed under Rule 19b-4(f)(6) normally does 
not become operative for 30 days after the date of filing. However, 
pursuant to Rule 19b-4(f)(6)(iii), the Commission may designate a 
shorter time if such action is consistent with the protection of 
investors and the public interest. As FINRA requested in connection 
with SR-FINRA-2020-015 and related extensions,\23\ FINRA has also asked 
the

[[Page 64529]]

Commission to waive the 30-day operative delay so that this proposed 
rule change may become operative immediately upon filing.
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    \23\ See SR-FINRA-2020-015, 85 FR 31836. Although FINRA did not 
request that the Commission waive the 30-day operative delay for SR-
FINRA-2020-027, FINRA did request that the Commission waive the 30-
day operative delay for SR-FINRA-2020-042, SR-FINRA-2021-006, SR-
FINRA-2021-019, SR-FINRA-2021-031, SR-FINRA-2022-004, and SR-FINRA-
2022-018 which extended the expiration date of the temporary 
amendments originally set forth in SR-FINRA-2020-027.
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    FINRA has indicated that extending the relief provided originally 
in SR-FINRA-2020-015 and SR-FINRA-2020-027 will continue to provide 
FINRA the ability to safely conduct hearings in connection with its 
core functions during the COVID-19 outbreak. Importantly, extending the 
relief provided in these prior rule changes immediately upon filing and 
without a 30-day operative delay will allow FINRA to continue critical 
adjudicatory and review processes in a reasonable and fair manner and 
meet its critical investor protection goals, while also following best 
practices with respect to the health and safety of its employees.\24\ 
The Commission also notes that this proposal, like SR-FINRA-2020-015 
and SR-FINRA-2020-027, provides only temporary relief during the period 
in which FINRA's operations are impacted by COVID-19. As proposed, the 
changes would be in place through January 31, 2023.\25\ FINRA also 
noted in both SR-FINRA-2020-015 and SR-FINRA-2020-027 that the amended 
rules will revert back to their original state at the conclusion of the 
temporary relief period and, if applicable, any extension thereof.\26\ 
For these reasons, the Commission believes that waiver of the 30-day 
operative delay for this proposal is consistent with the protection of 
investors and the public interest. Accordingly, the Commission hereby 
waives the 30-day operative delay and designates the proposal operative 
upon filing.\27\
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    \24\ See supra Item II.A.1; see also SR-FINRA-2020-015, 85 FR 
31833.
    \25\ As noted above, see supra note 4, FINRA stated that if it 
requires temporary relief from the rule requirements identified in 
this proposal beyond January 31, 2023, it may submit a separate rule 
filing to extend the effectiveness of the temporary relief under 
these rules.
    \26\ See SR-FINRA-2020-015, 85 FR 31833; see also SR-FINRA-2020-
027, 85 FR 55712.
    \27\ For purposes only of waiving the 30-day operative delay, 
the Commission has considered the proposed rule change's impact on 
efficiency, competition, and capital formation. See 15 U.S.C. 
78c(f).
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    At any time within 60 days of the filing of the proposed rule 
change, the Commission summarily may temporarily suspend such rule 
change if it appears to the Commission that such action is necessary or 
appropriate in the public interest, for the protection of investors, or 
otherwise in furtherance of the purposes of the Act. If the Commission 
takes such action, the Commission shall institute proceedings to 
determine whether the proposed rule should be approved or disapproved.

IV. Solicitation of Comments

    Interested persons are invited to submit written data, views and 
arguments concerning the foregoing, including whether the proposed rule 
change is consistent with the Act. Comments may be submitted by any of 
the following methods:

Electronic Comments

     Use the Commission's internet comment form (https://www.sec.gov/rules/sro.shtml); or
     Send an email to [email protected]. Please include 
File Number SR-FINRA-2022-029 on the subject line.

Paper Comments

     Send paper comments in triplicate to Secretary, Securities 
and Exchange Commission, 100 F Street NE, Washington, DC 20549-1090.

All submissions should refer to File Number SR-FINRA-2022-029. This 
file number should be included on the subject line if email is used. To 
help the Commission process and review your comments more efficiently, 
please use only one method. The Commission will post all comments on 
the Commission's internet website (https://www.sec.gov/rules/sro.shtml). 
Copies of the submission, all subsequent amendments, all written 
statements 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 such filing also will be available for inspection 
and copying at the principal office of FINRA. 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 SR-FINRA-2022-029 and should be submitted 
on or before November 15, 2022.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\28\
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    \28\ 17 CFR 200.30-3(a)(12).
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J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2022-23085 Filed 10-24-22; 8:45 am]
BILLING CODE 8011-01-P
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