Proposed Collection; Comment Request; Extension: Rule 17f-1(b), 77565 [2024-21656]
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Federal Register / Vol. 89, No. 184 / Monday, September 23, 2024 / Notices
SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–028, OMB Control No.
3235–0032]
khammond on DSKJM1Z7X2PROD with NOTICES
Proposed Collection; Comment
Request; Extension: Rule 17f–1(b)
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’’) is soliciting comments
on the existing collection of information
provided for in Rule 17f–1(b) (17 CFR
240.17f–1(b)), 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.
Under Rule 17f–1(b) under the
Exchange Act, approximately 9,500
entities in the securities industry are
registered in the Lost and Stolen
Securities Program (‘‘Program’’).
Registration fulfills a statutory
requirement that entities report and
inquire about missing, lost, counterfeit,
or stolen securities. Registration also
allows entities in the securities industry
to gain access to a confidential database
that stores information for the Program.
The Commission staff estimates that 4
new entities will register in the Program
each year. The staff estimates that the
average number of hours necessary to
comply with Rule 17f–1(b) is one-half
hour. Accordingly, the staff estimates
that total annual burden for all
participants is 2 hours (4 × one-half
hour). The Commission staff estimates
that compliance staff work at subject
entities results in an internal cost of
compliance, at an estimated hourly
wage of $344, of $172 per year per entity
(.5 hours × $344 per hour = $172 per
year). Therefore, the aggregate annual
internal cost of compliance is
approximately $688 ($172 × 4= $688).
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
VerDate Sep<11>2014
16:57 Sep 20, 2024
Jkt 262001
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
November 22, 2024.
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.
Please direct your written comments
to: Austin Gerig, Director/Chief Data
Officer, Securities and Exchange
Commission, c/o Oluwaseun Ajayi, 100
F Street NE, Washington, DC 20549, or
send an email to: PRA_Mailbox@
sec.gov.
Dated: September 18, 2024.
Vanessa A. Countryman,
Secretary.
[FR Doc. 2024–21656 Filed 9–20–24; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–101050; File No. SR–NYSE–
2024–56]
Self-Regulatory Organizations; New
York Stock Exchange LLC; Notice of
Filing and Immediate Effectiveness of
Proposed Rule Change To Amend Rule
7.31
September 17, 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
September 9, 2024, New York Stock
Exchange LLC (‘‘NYSE’’ 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 self-regulatory
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
Rule 7.31 regarding the Minimum Trade
Size Modifier. 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.
1 15
U.S.C. 78s(b)(1).
U.S.C. 78a.
3 17 CFR 240.19b–4.
2 15
PO 00000
Frm 00095
Fmt 4703
77565
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,
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.
A. Self-Regulatory Organization’s
Statement of the Purpose of, and the
Statutory Basis for, the Proposed Rule
Change
1. Purpose
The Exchange proposes to amend
Rule 7.31 regarding the Minimum Trade
Size (‘‘MTS’’) Modifier.
Rule 7.31(i)(3) provides that a Limit
IOC Order, Non-Displayed Limit Order,
Non-Displayed Primary Pegged Order,
or MPL Order may be designated with
an MTS Modifier. Rule 7.31(i)(3)(A)
currently provides that an MTS must be
a minimum of a round lot and that an
order with an MTS Modifier will be
rejected if the MTS is less than a round
lot or if the MTS is larger than the size
of the order. The Exchange proposes to
amend Rule 7.31(i)(3)(A) to provide that
an MTS may be an odd lot quantity and
thus proposes to eliminate rule text
currently providing that an MTS must
be a minimum of a round lot and that
an order with an MTS of less than one
round lot would be rejected. The
Exchange believes that restricting the
use of the MTS Modifier to round lot
sizes only is unnecessary and that
providing member organizations with
the option to use the MTS Modifier with
an odd lot quantity could increase
liquidity and enhance opportunities for
order execution on the Exchange. The
Exchange notes that permitting odd-lot
order quantities is not novel on the
Exchange or other equity exchanges and
believes that this proposed change is
consistent with other equity exchanges’
approaches to the use of instructions
similar to the MTS Modifier.4
4 The rules of Cboe EDGA Exchange, Inc.
(‘‘EDGA’’), Cboe EDGX Exchange, Inc. (‘‘EDGX’’),
and Members Exchange (‘‘MEMX’’) appear to
permit the use of instructions comparable to the
MTS Modifier in any size. See EDGA Rules 11.2
(providing that orders are eligible for odd-lot,
round-lot, and mixed-lot executions unless
otherwise indicated) and 11.6(h) (defining
Minimum Execution Quantity instruction); EDGX
Rules 11.2 and 11.6(h) (same); MEMX Rules 11.2
Continued
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[Federal Register Volume 89, Number 184 (Monday, September 23, 2024)]
[Notices]
[Page 77565]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-21656]
[[Page 77565]]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-028, OMB Control No. 3235-0032]
Proposed Collection; Comment Request; Extension: Rule 17f-1(b)
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'') is soliciting comments on the existing
collection of information provided for in Rule 17f-1(b) (17 CFR
240.17f-1(b)), 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.
Under Rule 17f-1(b) under the Exchange Act, approximately 9,500
entities in the securities industry are registered in the Lost and
Stolen Securities Program (``Program''). Registration fulfills a
statutory requirement that entities report and inquire about missing,
lost, counterfeit, or stolen securities. Registration also allows
entities in the securities industry to gain access to a confidential
database that stores information for the Program.
The Commission staff estimates that 4 new entities will register in
the Program each year. The staff estimates that the average number of
hours necessary to comply with Rule 17f-1(b) is one-half hour.
Accordingly, the staff estimates that total annual burden for all
participants is 2 hours (4 x one-half hour). The Commission staff
estimates that compliance staff work at subject entities results in an
internal cost of compliance, at an estimated hourly wage of $344, of
$172 per year per entity (.5 hours x $344 per hour = $172 per year).
Therefore, the aggregate annual internal cost of compliance is
approximately $688 ($172 x 4= $688).
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
November 22, 2024.
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.
Please direct your written comments to: Austin Gerig, Director/
Chief Data Officer, Securities and Exchange Commission, c/o Oluwaseun
Ajayi, 100 F Street NE, Washington, DC 20549, or send an email to:
[email protected].
Dated: September 18, 2024.
Vanessa A. Countryman,
Secretary.
[FR Doc. 2024-21656 Filed 9-20-24; 8:45 am]
BILLING CODE 8011-01-P
