Self-Regulatory Organizations; NYSE National, Inc.; Notice of Withdrawal of Proposed Rule Change To Amend Rule 7.19 Concerning Pre-Trade Risk Controls, 8950 [2023-02952]
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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
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17:41 Feb 09, 2023
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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.
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]]>Agencies
[Federal Register Volume 88, Number 28 (Friday, February 10, 2023)]
[Notices]
[Page 8950]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-02952]
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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, 2023, NYSE National withdrew the proposed
rule change (SR-NYSENAT-2022-26).
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\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 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://www.sec.gov/comments/sr-nysenat-2022-26/srnysenat202226.htm.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\4\
---------------------------------------------------------------------------
\4\ 17 CFR 200.30-3(a)(12).
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Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-02952 Filed 2-9-23; 8:45 am]
BILLING CODE 8011-01-P
