Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Designation of Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove Proposed Rule Change To Increase Fees for Certain Market Data and Connectivity Products and To Maintain the Current Fees for Such Products if Members Meet a Minimum Average Daily Displayed Volume Threshold, 81129-81130 [2024-23060]

Download as PDF Federal Register / Vol. 89, No. 194 / Monday, October 7, 2024 / Notices SECURITIES AND EXCHANGE COMMISSION [SEC File No. 270–132, OMB Control No. 3235–0158] lotter on DSK11XQN23PROD with NOTICES1 Proposed Collection; Comment Request; Extension: Rule 20a–1 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 (44 U.S.C. 3501 et seq.), the Securities and Exchange Commission (the ‘‘Commission’’) is soliciting comments on the collection of information summarized below. The Commission plans to submit this existing collection of information to the Office of Management and Budget for extension and approval. Rule 20a–1 (17 CFR 270.20a–1) was adopted under Section 20(a) of the Investment Company Act of 1940 (‘‘1940 Act’’) (15 U.S.C. 80a–20(a)) and concerns the solicitation of proxies, consents, and authorizations with respect to securities issued by registered investment companies (‘‘Funds’’). More specifically, rule 20a–1 under the 1940 Act (15 U.S.C. 80a–1 et seq.) requires that the solicitation of a proxy, consent, or authorization with respect to a security issued by a Fund be in compliance with Regulation 14A (17 CFR 240.14a–1 et seq.), Schedule 14A (17 CFR 240.14a–101), and all other rules and regulations adopted pursuant to section 14(a) of the Securities Exchange Act of 1934 (‘‘1934 Act’’) (15 U.S.C. 78n(a)). It also requires, in certain circumstances, a Fund’s investment adviser or a prospective adviser, and certain affiliates of the adviser or prospective adviser, to transmit to the person making the solicitation the information necessary to enable that person to comply with the rules and regulations applicable to the solicitation. In addition, rule 20a–1 instructs Funds that have made a public offering of securities and that hold security holder votes for which proxies, consents, or authorizations are not being solicited, to refer to section 14(c) of the 1934 Act (15 U.S.C. 78n(c)) and the information statement requirements set forth in the rules thereunder. The types of proposals voted upon by Fund shareholders include not only the typical matters considered in proxy solicitations made by operating companies, such as the election of directors, but also include issues that are unique to Funds, such as the VerDate Sep<11>2014 17:11 Oct 04, 2024 Jkt 262001 approval of an investment advisory contract and the approval of changes in fundamental investment policies of the Fund. Through rule 20a–1, any person making a solicitation with respect to a security issued by a Fund must, similar to operating company solicitations, comply with the rules and regulations adopted pursuant to Section 14(a) of the 1934 Act. Some of those Section 14(a) rules and regulations, however, include provisions specifically related to Funds, including certain particularized disclosure requirements set forth in Item 22 of Schedule 14A under the 1934 Act. Rule 20a–1 is intended to ensure that investors in Fund securities are provided with appropriate information upon which to base informed decisions regarding the actions for which Funds solicit proxies. Without rule 20a–1, Fund issuers would not be required to comply with the rules and regulations adopted under Section 14(a) of the 1934 Act, which are applicable to non-Fund issuers, including the provisions relating to the form of proxy and disclosure in proxy statements. The staff currently estimates that approximately 1,129 proxy statements are filed by Funds annually.1 Based on staff estimates and information from the industry, the staff estimates that the average annual burden associated with the preparation and submission of proxy statements is 85 hours per response, for a total annual burden of 95,965 hours (1,129 responses × 85 hours per response = 95,965). In addition, the staff estimates the costs for purchased services, such as outside legal counsel, proxy statement mailing, and proxy tabulation services, to be approximately $30,000 per proxy solicitation. Rule 20a–1 does not involve any recordkeeping requirements. Providing the information required by the rule is mandatory and information provided under the rule will not be kept confidential. 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 control number. 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 estimate of the burden of the collection of information; (c) ways to enhance the quality, utility, and clarity of the 1 This estimate is based on the three-year average of the number of proxies filed by registered investment companies. PO 00000 Frm 00091 Fmt 4703 Sfmt 4703 81129 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 December 6, 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: October 2, 2024. Vanessa A. Countryman, Secretary. [FR Doc. 2024–23151 Filed 10–4–24; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–101224; File No. SR– NASDAQ–2024–016] Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Designation of Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove Proposed Rule Change To Increase Fees for Certain Market Data and Connectivity Products and To Maintain the Current Fees for Such Products if Members Meet a Minimum Average Daily Displayed Volume Threshold October 1, 2024. On March 22, 2024, The Nasdaq Stock Market LLC (‘‘Nasdaq’’ 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 (File Number SR–NASDAQ– 2024–016) to increase fees for certain market data and connectivity products and to maintain the current fees for such products if members meet a minimum average daily displayed volume threshold (‘‘Proposal’’). The proposed rule change was immediately effective upon filing with the Commission pursuant to Section 19(b)(3)(A) of the 1 15 2 17 E:\FR\FM\07OCN1.SGM U.S.C. 78s(b)(1). CFR 240.19b–4. 07OCN1 81130 Federal Register / Vol. 89, No. 194 / Monday, October 7, 2024 / Notices lotter on DSK11XQN23PROD with NOTICES1 Act.3 The proposed rule change was published for comment in the Federal Register on April 5, 2024.4 On May 21, 2024, the Commission issued an order temporarily suspending the proposed rule change pursuant to Section 19(b)(3)(C) of the Act 5 and simultaneously instituting proceedings under Section 19(b)(2)(B) of the Act 6 to determine whether to approve or disapprove the proposed rule change.7 Section 19(b)(2) of the Act 8 provides that, after initiating proceedings, the Commission shall issue an order approving or disapproving the proposed rule change not later than 180 days after the date of publication of notice of filing of the proposed rule change. The Commission may extend the period for issuing an order approving or disapproving the proposed rule change, however, by not more than 60 days if the Commission determines that a longer period is appropriate and publishes the reasons for such determination. The proposed rule change was published for notice and comment in the Federal Register on April 5, 2024.9 October 2, 2024 is 180 days from that date, and December 1, 2024 is 240 days from that date. The Commission finds it appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider the proposed rule change and its comments. Accordingly, the Commission, pursuant to Section 19(b)(2) of the Act,10 designates December 1, 2024 as the date by which the Commission shall either approve or disapprove the proposed rule change (File No. SR–NASDAQ–2024–016). 3 15 U.S.C. 78s(b)(3)(A). A proposed rule change may take effect upon filing with the Commission if it is designated by the exchange as ‘‘establishing or changing a due, fee, or other charge imposed by the self-regulatory organization on any person, whether or not the person is a member of the self-regulatory organization.’’ 15 U.S.C. 78s(b)(3)(A)(ii). 4 See Securities Exchange Act Release No. 99879 (April 1, 2024), 89 FR 24070 (‘‘Notice’’). 5 15 U.S.C. 78s(b)(3)(C). 6 15 U.S.C. 78s(b)(2)(B). 7 See Securities Exchange Act Release No. 100188, 89 FR 46243 (May 28, 2024) (‘‘Order Instituting Proceedings’’). The Commission has received three comment letters on the proposed rule change, as well as a response from the Exchange to the Order Instituting Proceedings. Comments received on the Proposal are available at: https:// www.sec.gov/comments/sr-nasdaq-2024-016/ srnasdaq2024016.htm. 8 15 U.S.C. 78s(b)(2). 9 See Notice, supra note 4. 10 15 U.S.C. 78s(b)(2). 11 17 CFR 200.30–3(a)(57). VerDate Sep<11>2014 17:11 Oct 04, 2024 Jkt 262001 For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.11 Vanessa A. Countryman, Secretary. MAQ submissions should be emailed to SBIC_Applications@SBA.gov. [FR Doc. 2024–23060 Filed 10–4–24; 8:45 am] Bailey DeVries, Associate Administrator, Office of Investment and Innovation, U.S. Small Business Administration. BILLING CODE 8011–01–P [FR Doc. 2024–23088 Filed 10–4–24; 8:45 am] BILLING CODE 8026–09–P SMALL BUSINESS ADMINISTRATION DEPARTMENT OF STATE Small Business Investment Company Interim Application Filing Window [Public Notice 12560] AGENCY: 30-Day Notice of Proposed Information Collection: Statement Regarding a Valid Lost or Stolen U.S. Passport Book and/or Card Notice of SBIC program interim application filing window. ACTION: U.S. Small Business Administration. ACTION: The U.S. Small Business Administration (SBA) is providing notice of an interim filing window for the acceptance of SBA Form 2181, SBIC Management Assessment Questionnaires (MAQs or Applications) for licensing as a Small Business Investment Company (SBIC). SUMMARY: The SBIC program interim Application filing window due date identified in this notice is Friday, November 15, 2024, with a deadline for acceptance of Applications submitted prior to 5 p.m. eastern standard time (EST) to SBIC_Applications@SBA.gov. DATES: Paul Van Eyl, Office of Investment and Innovation at 202–257–5955 or oii.policy@sba.gov. If you are deaf, hard of hearing, or have a speech disability, please dial 7–1–1 to access telecommunications relay services. FOR FURTHER INFORMATION CONTACT: SBA may select to add and publicly announce additional SBIC Application filing windows. Application filings should be made on the actual window date prior to the deadline provided. Application filings made after the deadline date or between window dates, including interim filing window dates, will be held in abeyance until the next window opens. The next quarterly scheduled filing window due date is December 31, 2024. Incomplete MAQ submissions will not be accepted for processing. If an applicant fails to file by the deadline of a quarterly or interim filing deadline date, the applicant SBIC must either wait until the next quarterly window to refile or understand that SBA will take on action on the MAQ until the next quarterly filing window, which for this calendar year would be December 31, 2024, with a deadline of 5 p.m. EST. SUPPLEMENTARY INFORMATION: PO 00000 Frm 00092 Fmt 4703 Sfmt 4703 Notice of request for public comments. The Department of State has submitted the information collection described below to the Office of Management and Budget (OMB) for approval. In accordance with the Paperwork Reduction Act of 1995, we are requesting comments on these collections from all interested individuals and organizations. The purpose of this Notice is to allow 30 days for public comment. DATES: The Department will accept comments from the public up to November 6, 2024. ADDRESSES: Written comments and recommendations for the proposed information collection should be sent within 30 days of publication of this notice to: www.reginfo.gov/public/do/ PRAMain. Find this information collection by selecting ‘‘Currently under 30-day Review—Open for Public Comments’’ or by using the search function. You must include the DS form number, information collection title, and the OMB control number in any correspondence (if applicable). You may send requests for additional information regarding the collection listed in this notice, including requests for copies of the proposed collection instrument and supporting documents, to the following email address: Passport-FormComments@State.gov. You must include the DS form number and information collection title in the email subject line. SUPPLEMENTARY INFORMATION: • Title of Information Collection: Statement Regarding a Lost or Stolen U.S. Passport Book and/or Card. • OMB Control Number: 1405–0014. • Type of Request: Revision of a Currently Approved Collection. • Originating Office: Bureau of Consular Affairs, Passport Services, Office of Program Management and Operational Support (CA/PPT/S/PMO). SUMMARY: E:\FR\FM\07OCN1.SGM 07OCN1

Agencies

[Federal Register Volume 89, Number 194 (Monday, October 7, 2024)]
[Notices]
[Pages 81129-81130]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-23060]


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

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-101224; File No. SR-NASDAQ-2024-016]


Self-Regulatory Organizations; The Nasdaq Stock Market LLC; 
Notice of Designation of Longer Period for Commission Action on 
Proceedings To Determine Whether To Approve or Disapprove Proposed Rule 
Change To Increase Fees for Certain Market Data and Connectivity 
Products and To Maintain the Current Fees for Such Products if Members 
Meet a Minimum Average Daily Displayed Volume Threshold

October 1, 2024.
    On March 22, 2024, The Nasdaq Stock Market LLC (``Nasdaq'' 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 (File Number SR-NASDAQ-2024-016) to increase fees 
for certain market data and connectivity products and to maintain the 
current fees for such products if members meet a minimum average daily 
displayed volume threshold (``Proposal''). The proposed rule change was 
immediately effective upon filing with the Commission pursuant to 
Section 19(b)(3)(A) of the

[[Page 81130]]

Act.\3\ The proposed rule change was published for comment in the 
Federal Register on April 5, 2024.\4\ On May 21, 2024, the Commission 
issued an order temporarily suspending the proposed rule change 
pursuant to Section 19(b)(3)(C) of the Act \5\ and simultaneously 
instituting proceedings under Section 19(b)(2)(B) of the Act \6\ to 
determine whether to approve or disapprove the proposed rule change.\7\
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ 15 U.S.C. 78s(b)(3)(A). A proposed rule change may take 
effect upon filing with the Commission if it is designated by the 
exchange as ``establishing or changing a due, fee, or other charge 
imposed by the self-regulatory organization on any person, whether 
or not the person is a member of the self-regulatory organization.'' 
15 U.S.C. 78s(b)(3)(A)(ii).
    \4\ See Securities Exchange Act Release No. 99879 (April 1, 
2024), 89 FR 24070 (``Notice'').
    \5\ 15 U.S.C. 78s(b)(3)(C).
    \6\ 15 U.S.C. 78s(b)(2)(B).
    \7\ See Securities Exchange Act Release No. 100188, 89 FR 46243 
(May 28, 2024) (``Order Instituting Proceedings''). The Commission 
has received three comment letters on the proposed rule change, as 
well as a response from the Exchange to the Order Instituting 
Proceedings. Comments received on the Proposal are available at: 
https://www.sec.gov/comments/sr-nasdaq-2024-016/srnasdaq2024016.htm.
---------------------------------------------------------------------------

    Section 19(b)(2) of the Act \8\ provides that, after initiating 
proceedings, the Commission shall issue an order approving or 
disapproving the proposed rule change not later than 180 days after the 
date of publication of notice of filing of the proposed rule change. 
The Commission may extend the period for issuing an order approving or 
disapproving the proposed rule change, however, by not more than 60 
days if the Commission determines that a longer period is appropriate 
and publishes the reasons for such determination. The proposed rule 
change was published for notice and comment in the Federal Register on 
April 5, 2024.\9\ October 2, 2024 is 180 days from that date, and 
December 1, 2024 is 240 days from that date.
---------------------------------------------------------------------------

    \8\ 15 U.S.C. 78s(b)(2).
    \9\ See Notice, supra note 4.
---------------------------------------------------------------------------

    The Commission finds it appropriate to designate a longer period 
within which to issue an order approving or disapproving the proposed 
rule change so that it has sufficient time to consider the proposed 
rule change and its comments. Accordingly, the Commission, pursuant to 
Section 19(b)(2) of the Act,\10\ designates December 1, 2024 as the 
date by which the Commission shall either approve or disapprove the 
proposed rule change (File No. SR-NASDAQ-2024-016).
---------------------------------------------------------------------------

    \10\ 15 U.S.C. 78s(b)(2).
    \11\ 17 CFR 200.30-3(a)(57).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\11\
Vanessa A. Countryman,
Secretary.
[FR Doc. 2024-23060 Filed 10-4-24; 8:45 am]
BILLING CODE 8011-01-P
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.