Submission for OMB Review; Comment Request, 27470-27471 [2024-08096]

Download as PDF 27470 Federal Register / Vol. 89, No. 75 / Wednesday, April 17, 2024 / Notices The Commission appoints Mallory L. Smith to represent the interests of the general public (Public Representative) in this docket, pursuant to 39 U.S.C. 505. IV. Ordering Paragraphs It is ordered: 1. The Commission establishes Docket No. MC2024–224 for consideration of matters raised by the Postal Service’s Notice. 2. Pursuant to 39 U.S.C. 505, Mallory L. Smith is appointed to serve as an officer of the Commission (Public Representative) to represent the interests of the general public in this proceeding. 3. Comments are due no later than May 9, 2024. 4. The Secretary shall arrange for publication of this order in the Federal Register. By the Commission. Erica A. Barker, Secretary. [FR Doc. 2024–08162 Filed 4–16–24; 8:45 am] BILLING CODE 7710–FW–P POSTAL SERVICE Change in Classes of General Applicability for Competitive Products AGENCY: Postal ServiceTM. Notice of a change in classes of general applicability for competitive products. ACTION: This notice sets forth changes in classes of general applicability for competitive products. SUMMARY: DATES: Applicable date: July 14, 2024. FOR FURTHER INFORMATION CONTACT: Christopher C. Meyerson, 202–268– 7820. On February 8, 2024, pursuant to their authority under 39 U.S.C. 3632 and 3682, the Governors of the Postal Service established classification changes for minimum size limitations for international letter-post rolls in the Mail Classification Schedule. The Governors’ Decision and the record of proceedings in connection with such lotter on DSK11XQN23PROD with NOTICES1 SUPPLEMENTARY INFORMATION: VerDate Sep<11>2014 17:10 Apr 16, 2024 Jkt 262001 decision are reprinted below in accordance with section 3632(b)(2). SECURITIES AND EXCHANGE COMMISSION Sarah Sullivan, Attorney, Ethics and Legal Compliance. [SEC File No. 270–563, OMB Control No. 3235–0626] Decision of the Governors of the United States Postal Service on Mail Classification Schedule Changes to Size Limitations for International Letter-Post Rolls (Governors’ Decision No. 24–1) Submission for OMB Review; Comment Request February 8, 2024 Statement of Explanation and Justification Pursuant to our authority under section 404(b) and Chapter 36 of title 39, United States Code, the Governors establish classification changes to the minimum size limitations for international letter-post rolls. The Universal Postal Union (UPU) Convention Regulations will be establishing new dimensions for international letter-post rolls (a certain format for outbound and inbound letter-post items). To conform with these dimension requirements, the Postal Service must revise the minimum size limitations for international letter-post rolls in the Mail Classification Schedule, for products with rates of general applicability. We have evaluated the classification changes in this context in accordance with 39 U.S.C. 3632 and 3682. We approve the changes, finding that they are appropriate, and are consistent with the regulatory criteria. Upon Written Request Copies Available From: Securities and Exchange Commission, Office of FOIA Services, 100 F Street NE, Washington, DC 20549–2736 Extension: Rule 17g–3—Annual financial and other reports to be filed or furnished by nationally recognized statistical rating organizations. Notice is hereby given that, pursuant to the Paperwork Reduction Act of 1995 (44 U.S.C. 3501 et seq.) (‘‘PRA’’), the Securities and Exchange Commission (‘‘Commission’’) is soliciting comments on the collection of information summarized below. The Commission plans to submit an extension for this current collection of information to the Office of Management and Budget for approval. Rule 17g–3 (17 CFR 240.17g–3) under the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.) contains certain reporting requirements for nationally recognized statistical rating Order organizations (‘‘NRSROs’’). Specifically, We direct management to file with the NRSROs are required to file with the Postal Regulatory Commission appropriate Commission, on an annual basis, notice of these classification changes. The financial reports containing specified changes in classification set forth herein shall financial statements, certain financial become effective on July 14, 2024. condition reports, and a report on the By The Governors: internal control structure. NRSROs are /s/ also required to furnish a report of the lllllllllllllllllllll number of credit rating actions taken Roman Martinez IV, during the most recently completed fiscal year. Chairman, Board of Governors. Currently, there are 10 credit rating United States Postal Service Office of the agencies registered as NRSROs with the Board of Governors Commission. Based on staff experience, Certification of Governors’ Vote on the Commission estimates that the total Governors’ Decision No. 24–1 burden for NRSROs to comply with Consistent with 39 U.S.C. 3632(a), I hereby Rule 17g–3 is 3,650 hours. In addition, the Commission estimates an industrycertify that, on February 8, 2024, the wide annual external cost to NRSROs of Governors voted on adopting Governors’ $350,000 to comply with Rule 17g–3, Decision No. 24–1, and that a majority of the reflecting costs to engage the services of Governors then holding office voted in favor independent public accountants and of that Decision. outside counsel. February 8. 2024. The public may view background /s/ documentation for this information lllllllllllllllllllll collection at the following website: Michael J. Elston, www.reginfo.gov. Find this particular Secretary of the Board of Governors. information collection by selecting ‘‘Currently under 30-day Review—Open [FR Doc. 2024–08169 Filed 4–16–24; 8:45 am] for Public Comments’’ or by using the BILLING CODE 7710–12–P search function. Written comments and recommendations for the proposed information collection should be sent within 30 days of publication of this PO 00000 Frm 00065 Fmt 4703 Sfmt 4703 E:\FR\FM\17APN1.SGM 17APN1 Federal Register / Vol. 89, No. 75 / Wednesday, April 17, 2024 / Notices notice by May 17, 2024 to (i) MBX.OMB.OIRA.SEC_desk_officer@ omb.eop.gov 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: April 11, 2024. Vanessa A. Countryman, Secretary. [FR Doc. 2024–08096 Filed 4–16–24; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–99946; File No. SR–ISE– 2024–06] Self-Regulatory Organizations; Nasdaq ISE, LLC; Order Approving a Proposed Rule Change To Amend the Short Term Option Series Program April 11, 2024. lotter on DSK11XQN23PROD with NOTICES1 I. Introduction On February 15, 2024, Nasdaq ISE, LLC (‘‘ISE’’ or ‘‘Exchange’’) filed with the Securities and Exchange Commission (‘‘Commission’’), pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (‘‘Act’’),1 and Rule 19b–4 thereunder,2 a proposed rule change to amend Supplementary Material .03 of Options 4, Section 5, ‘‘Series of Options Contracts Open for Trading’’ to allow Tuesday and Thursday expirations for options listed pursuant to the Exchange’s short term option series program (‘‘Short Term Option Series Program’’) on the iShares Russell 2000 ETF (‘‘IWM’’). The proposed rule change was published for comment in the Federal Register on March 1, 2024.3 The Commission did not receive any comments on the proposal. This order approves the proposed rule change. II. Description of the Proposal 4 Currently, the Exchange may open for trading series of options on certain symbols that expire at the close of business on each of the next two Mondays, Tuesdays, Wednesdays, and Thursdays, respectively, that are business days beyond the current week and are not business days in which standard expiration options series, Monthly Options Series, or Quarterly 1 15 U.S.C. 78s(b)(1). CFR 240.19b–4. 3 See Securities Exchange Release No. 99604 (February 26, 2024), 89 FR 15235 (‘‘Notice’’). 4 For a full description of the proposal, refer to the Notice, supra note 3. 2 17 VerDate Sep<11>2014 17:10 Apr 16, 2024 Jkt 262001 Options Series expire (‘‘Short Term Option Daily Expirations’’).5 Table 1 in Supplementary Material .03 to Options 4, Section 5 specifies each symbol that qualifies as a Short Term Option Daily Expiration as well as the permitted expiration days.6 Today, the Exchange may list no more than a total of two Monday and Wednesday expirations on IWM and no more than a total of two Monday, Tuesday, Wednesday, and Thursday expirations on the SPDR S&P 500 ETF Trust (‘‘SPY’’) and the Invesco QQQ Trust (‘‘QQQ’’).7 The Exchange proposes to expand the Short Term Option Series Program to permit the Exchange to open for trading on any Monday or Tuesday that is a business day series of options on IWM that expire at the close of business on each of the next two Tuesdays beyond the current week that are business days and are not business days in which standard expiration options series, Monthly Options Series, or Quarterly Options Series expire (‘‘Tuesday Expirations’’). If the Tuesday Expiration falls on a Tuesday that is not a business day, the series shall expire on the first business day immediately prior to that Tuesday.8 Similarly, the proposal would permit the Exchange to open for trading on any Wednesday or Thursday that is a business day series of options on IWM that expire at the close of business on each of the next two Thursdays beyond the current week that are business days and are not business days in which standard expiration options series, Monthly Options Series, or Quarterly Options Series expire (‘‘Thursday Expirations’’). If the Thursday Expiration falls on a Thursday that is not a business day, the series shall expire on the first business day immediately prior to that Thursday. The listing and trading of Tuesday and Thursday Expirations would be subject to Supplementary Material .03 of Options 4, Section 5.9 The Exchange does not believe that any market disruptions would be encountered with the introduction of Tuesday and Thursday Expirations.10 The Exchange states there are no material differences in the treatment of Tuesday and Thursday SPY and QQQ 5 See Supplementary .03 to Options 4, Section 5. Table 1, Supplementary .03 to Options 4, Section 5. 7 See id. 8 The Exchange proposes to amend the Tuesday and Thursday expirations for IWM in Table 1 in Supplementary Material .03 to Options 4, Section 5 from ‘‘0’’ to ‘‘2’’ to permit Tuesday and Thursday expirations for options on IWM listed pursuant to the Short Term Option Series. 9 See Notice, supra note 3 at 15236. 10 See Notice, supra note 3 at 15237. 6 See PO 00000 Frm 00066 Fmt 4703 Sfmt 4703 27471 Short Term Daily Expirations as compared to the proposed Tuesday and Thursday Expirations.11 The Exchange believes that it has the necessary capacity and surveillance programs in place to support and properly monitor trading in the proposed Tuesday and Thursday Expirations.12 The Exchange currently trades Short Term Option Series that expire Monday and Wednesday for SPY, QQQ, and IWM and stated that it has not experienced any market disruptions nor issues with capacity.13 III. Discussion and Commission’s Findings The Commission has carefully reviewed the proposed rule change and finds that it is consistent with the requirements of the Act and the rules and regulations thereunder applicable to a national securities exchange and, in particular, the requirements of Section 6(b) of the Act.14 In particular, the Commission finds that the proposed rule change is consistent with Section 6(b)(5) of the Act,15 which requires, among other things, that the Exchange’s rules be designed to prevent fraudulent and manipulative acts and practices, to promote just and equitable principles of trade, to remove impediments to and perfect the mechanism of a free and open market and a national market system, and, in general, to protect investors and the public interest. The Commission believes that the proposed rule change is reasonably designed as a limited expansion of the Short Term Options Series Program and may provide the investing public and other market participants more flexibility to closely tailor their investment and hedging decisions in IWM options, thus allowing them to better manage their risk exposure. In addition, the Exchange has similar rules permitting the listing and trading of Tuesday and Thursday expirations on SPY and QQQ.16 In approving the proposal, the Commission notes that the Exchange 11 See Notice, supra note 3 at 15239. In addition, the Exchange states Cboe Exchange, Inc. began listing Tuesday and Thursday expirations in the Russell 2000 Index Weeklys and Mini-Russell 2000 Index Weeklys on January 8, 2024. See Notice, supra note 3 at 15236. 12 See Notice, supra note 3 at 15237. 13 See id. 14 15 U.S.C. 78f. In approving this proposed rule change, the Commission has considered the proposed rule change’s impact on efficiency, competition, and capital formation. See 15 U.S.C. 78c(f). 15 15 U.S.C. 78f(b)(5). 16 See Supplementary .03 to Options 4, Section 5. See also Securities Exchange Release No. 96281 (November 9, 2022), 87 FR 68769 (November 16, 2022) (order approving Tuesday and Thursday expirations on SPY and QQQ). E:\FR\FM\17APN1.SGM 17APN1

Agencies

SECURITIES AND EXCHANGE COMMISSION

[Federal Register Volume 89, Number 75 (Wednesday, April 17, 2024)]
[Notices]
[Pages 27470-27471]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-08096]


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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-563, OMB Control No. 3235-0626]


Submission for OMB Review; Comment Request

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

Extension:
    Rule 17g-3--Annual financial and other reports to be filed or 
furnished by nationally recognized statistical rating organizations.

    Notice is hereby given that, pursuant to the Paperwork Reduction 
Act of 1995 (44 U.S.C. 3501 et seq.) (``PRA''), the Securities and 
Exchange Commission (``Commission'') is soliciting comments on the 
collection of information summarized below. The Commission plans to 
submit an extension for this current collection of information to the 
Office of Management and Budget for approval.
    Rule 17g-3 (17 CFR 240.17g-3) under the Securities Exchange Act of 
1934 (15 U.S.C. 78a et seq.) contains certain reporting requirements 
for nationally recognized statistical rating organizations 
(``NRSROs''). Specifically, NRSROs are required to file with the 
Commission, on an annual basis, financial reports containing specified 
financial statements, certain financial condition reports, and a report 
on the internal control structure. NRSROs are also required to furnish 
a report of the number of credit rating actions taken during the most 
recently completed fiscal year.
    Currently, there are 10 credit rating agencies registered as NRSROs 
with the Commission. Based on staff experience, the Commission 
estimates that the total burden for NRSROs to comply with Rule 17g-3 is 
3,650 hours. In addition, the Commission estimates an industry-wide 
annual external cost to NRSROs of $350,000 to comply with Rule 17g-3, 
reflecting costs to engage the services of independent public 
accountants and outside counsel.
    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 within 30 days of publication of this

[[Page 27471]]

notice by May 17, 2024 to (i) [email protected] 
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: April 11, 2024.
Vanessa A. Countryman,
Secretary.
[FR Doc. 2024-08096 Filed 4-16-24; 8:45 am]
BILLING CODE 8011-01-P

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