Proposed Collection; Comment Request; Extension: Rule 18a-7, 21071-21072 [2024-06371]

Download as PDF Federal Register / Vol. 89, No. 59 / Tuesday, March 26, 2024 / Notices 17Ad–22(e)(18)(iv)(C).18 Therefore, the Clearing Agencies believe these proposed changes are consistent with the requirements of Rule 17Ad– 22(e)(18)(iv)(C).19 ddrumheller on DSK120RN23PROD with NOTICES1 (B) Clearing Agency’s Statement on Burden on Competition The Clearing Agencies do not believe that the proposed changes to the Framework to describe the solicitation of participant and stakeholder views, and the annual review of the GSD’s access models, would have any impact on competition. The proposed changes would describe an existing process by which the Clearing Agencies engage with their participants and other stakeholders regularly in connection with their evaluation of proposals and their assessment of existing practices. The proposed change would also describe how it would use various methods for soliciting feedback from different groups, which will facilitate its ability to solicit a wide range of views from different types of firms. Further, as described above, the goal of the annual assessment and review of GSD’s access models is to ensure FICC offers appropriate means to facilitate access to GSD’s clearing services, including those of indirect participants. By contributing to the development of access models that are designed to facilitate access to GSD’s clearing services by a wider variety of market participants, the annual assessment and review of GSD’s access models in the Framework would promote competition in the markets where GSD operates. The Clearing Agencies do not believe the proposed rule changes to make conforming and clean up changes to the Framework would impact competition. These changes would ensure the clarity and accuracy of the descriptions of risk management functions in the Framework. They would not affect participants’ rights and obligations. As such, the Clearing Agencies believe the proposal to make conforming and clean up changes would not have any impact on competition. (C) Clearing Agency’s Statement on Comments on the Proposed Rule Change Received From Members, Participants, or Others The Clearing Agencies have not received or solicited any written comments relating to this proposal. If any written comments are received, they will be publicly filed as an Exhibit 2 to this filing, as required by Form 19b–4 and the General Instructions thereto. 18 Id. 19 Id. VerDate Sep<11>2014 18:10 Mar 25, 2024 Jkt 262001 Persons submitting comments are cautioned that, according to Section IV (Solicitation of Comments) of the Exhibit 1A in the General Instructions to Form 19b–4, the Commission does not edit personal identifying information from comment submissions. Commenters should submit only information that they wish to make available publicly, including their name, email address, and any other identifying information. All prospective commenters should follow the Commission’s instructions on how to submit comments, available at www.sec.gov/regulatory-actions/how-tosubmit-comments. General questions regarding the rule filing process or logistical questions regarding this filing should be directed to the Main Office of the Commission’s Division of Trading and Markets at tradingandmarkets@ sec.gov or 202–551–5777. The Clearing Agencies reserve the right not to respond to any comments received. III. Date of Effectiveness of the Proposed Rule Change, and Timing for Commission Action Within 45 days of the date of publication of this notice in the Federal Register or within such longer period up to 90 days (i) as the Commission may designate if it finds such longer period to be appropriate and publishes its reasons for so finding or (ii) as to which the self-regulatory organization consents, the Commission will: (A) by order approve or disapprove such proposed rule change, or (B) institute proceedings to determine whether the proposed rule change should be 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 rule-comments@ sec.gov. Please include file number SR– FICC–2024–006 on the subject line. Paper Comments • Send paper comments in triplicate to Secretary, Securities and Exchange Commission, 100 F Street NE, Washington, DC 20549. All submissions should refer to file number SR–FICC–2024–006. This file PO 00000 Frm 00132 Fmt 4703 Sfmt 4703 21071 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 a.m. and 3 p.m. Copies of the filing also will be available for inspection and copying at the principal office of FICC and on DTCC’s website (https:// dtcc.com/legal/sec-rule-filings.aspx). Do not include personal identifiable information in submissions; you should submit only information that you wish to make available publicly. We may redact in part or withhold entirely from publication submitted material that is obscene or subject to copyright protection. All submissions should refer to file number SR–FICC–2024–006 and should be submitted on or before April 16, 2024. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.20 Sherry R. Haywood, Assistant Secretary. [FR Doc. 2024–06340 Filed 3–25–24; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [SEC File No. 270–669, OMB Control No. 3235–0749] Proposed Collection; Comment Request; Extension: Rule 18a–7 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 20 17 E:\FR\FM\26MRN1.SGM CFR 200.30–3(a)(12). 26MRN1 ddrumheller on DSK120RN23PROD with NOTICES1 21072 Federal Register / Vol. 89, No. 59 / Tuesday, March 26, 2024 / Notices (‘‘Commission’’) is soliciting comments on the existing collection of information provided for in Rule 18a–7 (17 CFR 240.18a–7), under the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.). The Commission plans to submit this existing collection of information to the Office of Management and Budget (‘‘OMB’’) for extension and approval. Rule 18a–7 establishes reporting requirements applicable to stand-alone security-based swap dealers (‘‘SBSDs’’), stand-alone major security-based swap participants (‘‘MSBSPs’’), bank SBSDs, and bank MSBSPs. Rule 18a–7 is modeled on Exchange Act Rule 17a–5, which applies to broker-dealers, but Rule 18a–7 does not include a parallel requirement for every requirement in Rule 17a–5 because some of the requirements in Rule 17a–5 relate to activities that are not expected or permitted of SBSDs and MSBSPs. Under Rule 18a–7, stand-alone SBSDs and stand-alone MSBSPs are required to file the FOCUS Report Part II and the annual reports, while bank SBSDs and bank MSBSPs are required to file the FOCUS Report Part IIC. Stand-alone SBSDs and stand-alone MSBSPs are required to file the FOCUS Report Part II on a monthly basis, whereas bank SBSDs and bank MSBSPs are required to file FOCUS Report Part IIC on a quarterly basis. Moreover, under Rule 18a–7 stand-alone SBSDs and standalone MSBSPs are required to make available to customers an audited statement of financial condition with appropriate notes on their public website. The Commission estimates that the total hour burden under Rule 18a–7 is approximately 2,796 hours per year, and the total cost burden is approximately $2,424,016 per year. Written comments are invited on: (a) whether the proposed collection of information is necessary for the proper performance of the functions of the Commission, including whether the information shall have practical utility; (b) the accuracy of the Commission’s estimates of the burden of the proposed collection of information; (c) ways to enhance the quality, utility, and clarity of the information collected; and (d) ways to minimize the burden of the collection of information on respondents, including through the use of automated collection techniques or other forms of information technology. Consideration will be given to comments and suggestions submitted by May 28, 2024. An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information VerDate Sep<11>2014 18:10 Mar 25, 2024 Jkt 262001 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. and basis for, the proposed rule change and discussed any comments it received on the proposed rule change. The text of those statements may be examined at the places specified in Item IV below. The Exchange has prepared summaries, set forth in sections A, B, and C below, of the most significant parts of such statements. Dated: March 21, 2024. Sherry R. Haywood, Assistant Secretary. A. Self-Regulatory Organization’s Statement of the Purpose of, and the Statutory Basis for, the Proposed Rule Change [FR Doc. 2024–06371 Filed 3–25–24; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–99807; File No. SR– NYSEAMER–2024–18] Self-Regulatory Organizations; NYSE American LLC; Notice of Filing and Immediate Effectiveness of Proposed Change To Amend the Connectivity Fee Schedule March 20, 2024. Pursuant to Section 19(b)(1) 1 of the Securities Exchange Act of 1934 (‘‘Act’’) 2 and Rule 19b–4 thereunder,3 notice is hereby given that, on March 8, 2024, NYSE American LLC (‘‘NYSE American’’ or the ‘‘Exchange’’) filed with the Securities and Exchange Commission (the ‘‘Commission’’) the proposed rule change as described in Items I, II, and III below, which Items have been prepared by the selfregulatory organization. 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 the Connectivity Fee Schedule (‘‘Fee Schedule’’) regarding colocation services and fees to provide Users with wireless connectivity to MEMX market data. The proposed rule change is available on the Exchange’s website at www.nyse.com, 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 self-regulatory organization included statements concerning the purpose of, 1 15 U.S.C. 78s(b)(1). U.S.C. 78a. 3 17 CFR 240.19b–4. 2 15 PO 00000 Frm 00133 Fmt 4703 Sfmt 4703 1. Purpose The Exchange proposes to amend the Connectivity Fee Schedule (‘‘Fee Schedule’’) regarding colocation services and fees to provide Users 4 with wireless connectivity to MEMX LLC (‘‘MEMX’’) market data. The Exchange currently provides Users with wireless connections to nine market data feeds or combinations of feeds from third-party markets (the ‘‘Existing Third Party Data’’),5 and wired connections to more than 45 market data feeds or combinations of feeds.6 The Exchange proposes to add to the Fee Schedule wireless connections to the MEMX Memoir Depth market data feed 7 (‘‘MEMX Data’’ and, together with the Existing Third Party Data, the ‘‘Third Party Data’’). Users would be offered the proposed wireless connection to the MEMX Data through connections into the colocation center in the Mahwah, New Jersey data center (‘‘MDC’’).8 4 For purposes of the Exchange’s colocation services, a ‘‘User’’ means any market participant that requests to receive colocation services directly from the Exchange. See Securities Exchange Act Release No. 76009 (September 29, 2015), 80 FR 60213 (October 5, 2015) (SR–NYSEMKT–2015–67). As specified in the Fee Schedule, a User that incurs colocation fees for a particular colocation service pursuant thereto would not be subject to colocation fees for the same colocation service charged by the Exchange’s affiliates the New York Stock Exchange LLC, NYSE Arca, Inc., NYSE Chicago, Inc., and NYSE National, Inc. (together, the ‘‘Affiliate SROs’’). Each Affiliate SRO has submitted substantially the same proposed rule change to propose the changes described herein. See SR– NYSE–2024–15, SR–NYSEARCA–2024–26, SR– NYSECHX–2024–11, and SR–NYSENAT–2024–09. 5 See Securities Exchange Act Release Nos. 76748 (December 23, 2015), 80 FR 81648 (December 30, 2015) (SR–NYSEMKT–2015–85); 78376 (July 21, 2016), 81 FR 49311 (July 27, 2016) (SR–NYSEMKT– 2016–17); and 80117 (February 28, 2017), 82 FR 12646 (March 6, 2017) (SR–NYSEMKT–2017–09). 6 See Securities Exchange Act Release No. 80309 (March 24, 2017), 82 FR 15725 (March 30, 2017) (SR–NYSEMKT–2016–63). 7 MEMX Data would also include the test feed for MEMX Memoir market data. 8 Through its Fixed Income and Data Services (‘‘FIDS’’) (previously ICE Data Services) business, Intercontinental Exchange, Inc. (‘‘ICE’’) operates the MDC. The Exchange and the Affiliate SROs are indirect subsidiaries of ICE. The proposed service would be provided by FIDS pursuant to an E:\FR\FM\26MRN1.SGM 26MRN1

Agencies

SECURITIES AND EXCHANGE COMMISSION

[Federal Register Volume 89, Number 59 (Tuesday, March 26, 2024)]
[Notices]
[Pages 21071-21072]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-06371]


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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-669, OMB Control No. 3235-0749]


Proposed Collection; Comment Request; Extension: Rule 18a-7

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 21072]]

(``Commission'') is soliciting comments on the existing collection of 
information provided for in Rule 18a-7 (17 CFR 240.18a-7), under the 
Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.). The Commission 
plans to submit this existing collection of information to the Office 
of Management and Budget (``OMB'') for extension and approval.
    Rule 18a-7 establishes reporting requirements applicable to stand-
alone security-based swap dealers (``SBSDs''), stand-alone major 
security-based swap participants (``MSBSPs''), bank SBSDs, and bank 
MSBSPs. Rule 18a-7 is modeled on Exchange Act Rule 17a-5, which applies 
to broker-dealers, but Rule 18a-7 does not include a parallel 
requirement for every requirement in Rule 17a-5 because some of the 
requirements in Rule 17a-5 relate to activities that are not expected 
or permitted of SBSDs and MSBSPs.
    Under Rule 18a-7, stand-alone SBSDs and stand-alone MSBSPs are 
required to file the FOCUS Report Part II and the annual reports, while 
bank SBSDs and bank MSBSPs are required to file the FOCUS Report Part 
IIC. Stand-alone SBSDs and stand-alone MSBSPs are required to file the 
FOCUS Report Part II on a monthly basis, whereas bank SBSDs and bank 
MSBSPs are required to file FOCUS Report Part IIC on a quarterly basis. 
Moreover, under Rule 18a-7 stand-alone SBSDs and stand-alone MSBSPs are 
required to make available to customers an audited statement of 
financial condition with appropriate notes on their public website.
    The Commission estimates that the total hour burden under Rule 18a-
7 is approximately 2,796 hours per year, and the total cost burden is 
approximately $2,424,016 per year.
    Written comments are invited on: (a) whether the proposed 
collection of information is necessary for the proper performance of 
the functions of the Commission, including whether the information 
shall have practical utility; (b) the accuracy of the Commission's 
estimates of the burden of the proposed collection of information; (c) 
ways to enhance the quality, utility, and clarity of the information 
collected; and (d) ways to minimize the burden of the collection of 
information on respondents, including through the use of automated 
collection techniques or other forms of information technology. 
Consideration will be given to comments and suggestions submitted by 
May 28, 2024.
    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: 
[email protected].

    Dated: March 21, 2024.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024-06371 Filed 3-25-24; 8:45 am]
BILLING CODE 8011-01-P

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