Submission for OMB Review; Comment Request; Extension: Rule 19b-5 and Form PILOT, 8949-8950 [2023-02832]

Download as PDF Federal Register / Vol. 88, No. 28 / Friday, February 10, 2023 / Notices 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 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 SR–BOX–2023–07, and should be submitted on or before March 3, 2023. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.25 Sherry R. Haywood, Assistant Secretary. [FR Doc. 2023–02950 Filed 2–9–23; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [SEC File No. 270–629, OMB Control No. 3235–0718] lotter on DSK11XQN23PROD with NOTICES1 Submission for OMB Review; Comment Request; Extension: Regulation SBSR Upon Written Request, Copies Available From: Securities and Exchange Commission, Office of FOIA Services, 100 F Street NE, Washington, DC 20549–2736 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 Rules 901, 902, 903(a), 904, 905, 906, 907, and 908 of Regulation SBSR (17 CFR 242.901, 902, 903(a), 904, 905, 906, 907, and 908) under the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.). Regulation SBSR consists of ten rules, Rules 900 to 909 under the Exchange Act. Regulation SBSR provides generally for the reporting of securitybased swap information to a registered security-based swap data repository (‘‘registered SDRs’’) or to the Commission, and for the public 25 17 dissemination of security-based swap transaction, volume, and pricing information by registered SDRs. Rule 901 specifies, with respect to each reportable event pertaining to covered transactions, who is required to report, what data must be reported, when it must be reported, where it must be reported, and how it must be reported. Rule 901(a)(1) of Regulation SBSR requires a platform to report to a registered SDR a security-based swap executed on such platform that will be submitted to clearing. Rule 901(a)(2)(i) of Regulation SBSR requires a registered clearing agency to report to a registered SDR any security-based swap to which it is a counterparty. Rules 902 to 909 of Regulation SBSR provide additional details as to how such reporting and public dissemination is to occur. The Commission estimates that a total of approximately 30,348 entities will be impacted by Regulation SBSR, including registered SDRs, registered security-based swap dealers, registered major securities-based swap participants, registered clearing agencies, platforms, and reporting sides and other market participants. The Commission estimates that the total annual hour burden for Regulation SBSR, for all respondents, is approximately 3,539,483 hours per year. In addition, the Commission estimates that the total annual cost burden for Regulation SBSR for all respondents is approximately $47,728,783 per year. A detailed break-down of the burdens applicable to each type of entity is provided in the supporting statement. An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information under the PRA unless it displays a currently valid OMB control number. The public may view background documentation for this information collection at the following website: www.reginfo.gov. Find this particular information collection by selecting ‘‘Currently under 30-day Review—Open for Public Comments’’ or by using the search function. Written comments and recommendations for the proposed information collection should be sent by March 13, 2023 to (i) www.reginfo.gov/ public/do/PRAMain and (ii) David Bottom, Director/Chief Information Officer, Securities and Exchange Commission, c/o John Pezzullo, 100 F Street NE, Washington, DC 20549, or by sending an email to: PRA_Mailbox@ sec.gov. CFR 200.30–3(a)(12). VerDate Sep<11>2014 17:41 Feb 09, 2023 Jkt 259001 PO 00000 Frm 00158 Fmt 4703 Sfmt 4703 8949 Dated: February 6, 2023. Sherry R. Haywood, Assistant Secretary. [FR Doc. 2023–02830 Filed 2–9–23; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–96820; File No. SR– NYSEARCA–2022–80] Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Withdrawal of Proposed Rule Change To Amend Rule 7.19–E Concerning Pre-Trade Risk Controls February 7, 2023. On December 8, 2022, NYSE Arca, Inc. (‘‘NYSE Arca’’) filed with the Securities and Exchange Commission (the ‘‘Commission’’), pursuant to section 19(b)(1) of the Securities Exchange Act of 1934 (‘‘Act’’ or ‘‘Exchange Act’’) 1 and Rule 19b–4 thereunder 2 a proposed rule change to add additional pre-trade risk controls to Rule 7.19–E. The proposed rule change was published for comment on December 20, 2022.3 On February 1, 2023, NYSE Arca withdrew the proposed rule change (SR–NYSEARCA– 2022–80). For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.4 Sherry R. Haywood, Assistant Secretary. [FR Doc. 2023–02954 Filed 2–9–23; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [SEC File No. 270–448, OMB Control No. 3235–0507] Submission for OMB Review; Comment Request; Extension: Rule 19b–5 and Form PILOT Upon Written Request, Copies Available From: Securities and Exchange Commission, Office of FOIA Services, 100 F Street NE, Washington, DC 20549–2736 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 1 15 U.S.C. 78s(b)(1). CFR 240.19b–4. 3 See Securities Exchange Act Release No. 96499 (December 14, 2022), 87 FR 77907 (December 20, 2022). Comments received on the proposal are available on the Commission’s website at: https:// www.sec.gov/comments/sr-nysearca-2022-80/ srnysearca202280.htm. 4 17 CFR 200.30–3(a)(12). 2 17 E:\FR\FM\10FEN1.SGM 10FEN1 lotter on DSK11XQN23PROD with NOTICES1 8950 Federal Register / Vol. 88, No. 28 / Friday, February 10, 2023 / Notices (‘‘SEC’’) 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 19b–5 (17 CFR 240.19b–5) and Form PILOT (17 CFR 249.821) under the Securities Exchange Act of 1934 (‘‘Exchange Act’’) (15 U.S.C. 78a et seq.). Rule 19b–5 provides a temporary exemption from the rule-filing requirements of Section 19(b) of the Exchange Act (15 U.S.C. 78s(b)) to selfregulatory organizations (‘‘SROs’’) wishing to establish and operate pilot trading systems. Rule 19b–5 permits an SRO to develop a pilot trading system and to begin operation of such system shortly after submitting an initial report on Form PILOT to the SEC. During operation of any such pilot trading system, the SRO must submit quarterly reports of the system’s operation to the SEC, as well as timely amendments describing any material changes to the system. Within two years of operating such pilot trading system under the exemption afforded by Rule 19b–5, the SRO must submit a rule filing pursuant to Section 19(b)(2) of the Exchange Act (15 U.S.C. 78s(b)(2)) to obtain permanent approval of the pilot trading system from the SEC. The collection of information is designed to allow the SEC to maintain an accurate record of all new pilot trading systems operated by SROs and to determine whether an SRO has properly availed itself of the exemption afforded by Rule 19b–5, is operating a pilot trading system in compliance with the Exchange Act, and is carrying out its statutory oversight obligations under the Exchange Act. The respondents to the collection of information are national securities exchanges and national securities associations. There are 24 SROs which could avail themselves of the exemption under Rule 19b–5 and the use of Form PILOT. The SEC estimates that approximately one of these SROs each year will file on Form PILOT one initial report (i.e., 1 report total, for an estimated annual burden of 24 hours total), four quarterly reports (i.e., 4 reports total, for an estimated annual burden of 12 hours total (3 hours per report)), and two amendments (i.e., 2 reports total, for an estimated annual burden of 6 hours total (3 hours per report)). Thus, the estimated annual time burden resulting from Form PILOT is 42 hours for the estimated sole SRO respondent. The SEC estimates that the aggregate annual internal cost of compliance for the sole SRO respondent is approximately $12,880 (42 hours at an average of $306.67 per hour). In VerDate Sep<11>2014 17:41 Feb 09, 2023 Jkt 259001 addition, the SEC estimates that the sole SRO respondent will incur, in the aggregate, printing, supplies, copying, and postage expenses of $2,287 per year for filing initial reports, $1,142 per year for filing quarterly reports, and $571 per year for filing notices of material systems changes, for a total annual cost burden of $4,000. An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information under the PRA unless it displays a currently valid OMB control number. The public may view background documentation for this information collection at the following website: www.reginfo.gov. Find this particular information collection by selecting ‘‘Currently under 30-day Review—Open for Public Comments’’ or by using the search function. Written comments and recommendations for the proposed information collection should be sent by March 13, 2023 to (i) www.reginfo.gov/public/do/ PRAMain and (ii) David Bottom, Director/Chief Information Officer, Securities and Exchange Commission, c/ o John Pezzullo, 100 F Street NE, Washington, DC 20549, or by sending an email to: PRA_Mailbox@sec.gov. Dated: February 6, 2023. Sherry R. Haywood, Assistant Secretary. [FR Doc. 2023–02832 Filed 2–9–23; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–96821; File No. SR– NYSENAT–2022–26] Self-Regulatory Organizations; NYSE National, Inc.; Notice of Withdrawal of Proposed Rule Change To Amend Rule 7.19 Concerning Pre-Trade Risk Controls February 7, 2023. On December 8, 2022, NYSE National, Inc. (‘‘NYSE National’’) filed with the Securities and Exchange Commission (the ‘‘Commission’’), pursuant to section 19(b)(1) of the Securities Exchange Act of 1934 (‘‘Act’’ or ‘‘Exchange Act’’) 1 and Rule 19b–4 thereunder 2 a proposed rule change to add additional pre-trade risk controls to Rule 7.19. The proposed rule change was published for comment on December 19, 2022.3 On February 1, U.S.C. 78s(b)(1). CFR 240.19b–4. 3 See Securities Exchange Act Release No. 96487 (December 13, 2022), 87 FR 77662 (December 19, 2022). Comments received on the proposal are available on the Commission’s website at: https:// 2023, NYSE National withdrew the proposed rule change (SR–NYSENAT– 2022–26). For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.4 Sherry R. Haywood, Assistant Secretary. [FR Doc. 2023–02952 Filed 2–9–23; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–96818; File No. SR–ISE– 2023–06] Self-Regulatory Organizations; Nasdaq ISE, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Its Rules in Connection With a Technology Migration to Enhanced Nasdaq, Inc. (‘‘Nasdaq’’) Functionality February 6, 2023. 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 February 3, 2023, Nasdaq ISE, LLC (‘‘ISE’’ or ‘‘Exchange’’) filed with the Securities and Exchange Commission (‘‘SEC’’ or ‘‘Commission’’) the proposed rule change as described in Items I, II, and III 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 amend its rules in connection with a technology migration to enhanced Nasdaq, Inc. (‘‘Nasdaq’’) functionality. The text of the proposed rule change is available on the Exchange’s website at https://listingcenter.nasdaq.com/ rulebook/ise/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 1 15 2 17 PO 00000 Frm 00159 Fmt 4703 Sfmt 4703 www.sec.gov/comments/sr-nysenat-2022-26/ srnysenat202226.htm. 4 17 CFR 200.30–3(a)(12). 1 15 U.S.C. 78s(b)(1). 2 17 CFR 240.19b–4. E:\FR\FM\10FEN1.SGM 10FEN1

Agencies

[Federal Register Volume 88, Number 28 (Friday, February 10, 2023)]
[Notices]
[Pages 8949-8950]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-02832]


-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-448, OMB Control No. 3235-0507]


Submission for OMB Review; Comment Request; Extension: Rule 19b-5 
and Form PILOT

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

    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

[[Page 8950]]

(``SEC'') 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 19b-5 (17 CFR 
240.19b-5) and Form PILOT (17 CFR 249.821) under the Securities 
Exchange Act of 1934 (``Exchange Act'') (15 U.S.C. 78a et seq.).
    Rule 19b-5 provides a temporary exemption from the rule-filing 
requirements of Section 19(b) of the Exchange Act (15 U.S.C. 78s(b)) to 
self-regulatory organizations (``SROs'') wishing to establish and 
operate pilot trading systems. Rule 19b-5 permits an SRO to develop a 
pilot trading system and to begin operation of such system shortly 
after submitting an initial report on Form PILOT to the SEC. During 
operation of any such pilot trading system, the SRO must submit 
quarterly reports of the system's operation to the SEC, as well as 
timely amendments describing any material changes to the system. Within 
two years of operating such pilot trading system under the exemption 
afforded by Rule 19b-5, the SRO must submit a rule filing pursuant to 
Section 19(b)(2) of the Exchange Act (15 U.S.C. 78s(b)(2)) to obtain 
permanent approval of the pilot trading system from the SEC.
    The collection of information is designed to allow the SEC to 
maintain an accurate record of all new pilot trading systems operated 
by SROs and to determine whether an SRO has properly availed itself of 
the exemption afforded by Rule 19b-5, is operating a pilot trading 
system in compliance with the Exchange Act, and is carrying out its 
statutory oversight obligations under the Exchange Act.
    The respondents to the collection of information are national 
securities exchanges and national securities associations.
    There are 24 SROs which could avail themselves of the exemption 
under Rule 19b-5 and the use of Form PILOT. The SEC estimates that 
approximately one of these SROs each year will file on Form PILOT one 
initial report (i.e., 1 report total, for an estimated annual burden of 
24 hours total), four quarterly reports (i.e., 4 reports total, for an 
estimated annual burden of 12 hours total (3 hours per report)), and 
two amendments (i.e., 2 reports total, for an estimated annual burden 
of 6 hours total (3 hours per report)). Thus, the estimated annual time 
burden resulting from Form PILOT is 42 hours for the estimated sole SRO 
respondent. The SEC estimates that the aggregate annual internal cost 
of compliance for the sole SRO respondent is approximately $12,880 (42 
hours at an average of $306.67 per hour). In addition, the SEC 
estimates that the sole SRO respondent will incur, in the aggregate, 
printing, supplies, copying, and postage expenses of $2,287 per year 
for filing initial reports, $1,142 per year for filing quarterly 
reports, and $571 per year for filing notices of material systems 
changes, for a total annual cost burden of $4,000.
    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information under the PRA unless it 
displays a currently valid OMB control number.
    The public may view background documentation for this information 
collection at the following website: www.reginfo.gov. Find this 
particular information collection by selecting ``Currently under 30-day 
Review--Open for Public Comments'' or by using the search function. 
Written comments and recommendations for the proposed information 
collection should be sent by March 13, 2023 to
    (i) www.reginfo.gov/public/do/PRAMain and (ii) David Bottom, 
Director/Chief Information Officer, Securities and Exchange Commission, 
c/o John Pezzullo, 100 F Street NE, Washington, DC 20549, or by sending 
an email to: [email protected].

    Dated: February 6, 2023.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-02832 Filed 2-9-23; 8:45 am]
BILLING CODE 8011-01-P
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