Interest Rates, 106719 [2024-31199]
Download as PDF
<![CDATA[
Federal Register / Vol. 89, No. 249 / Monday, December 30, 2024 / Notices
the Capital Market and to $8 million on
the Global Market because, in the case
where a company does not meet the
ADV Requirement, the offering serves as
the primary source of price discovery in
the same way the offering does in an
IPO, as described above. Moreover,
failure to align these requirements could
allow a company to begin trading on the
OTC market and then uplist to Nasdaq
a short time later with an offering that
does not satisfy the proposed new
requirements for companies listed in
connection with an IPO, as described
above.
ddrumheller on DSK120RN23PROD with NOTICES1
B. Self-Regulatory Organization’s
Statement on Burden on Competition
The Exchange does not believe that
the proposed rule change will impose
any burden on competition not
necessary or appropriate in furtherance
of the purposes of the Act. While
Nasdaq does not believe there will be
any impact on inter-market competition
from the proposed change, any impact
on competition that does arise will be
necessary to better protect investors, in
furtherance of a central purpose of the
Act. Moreover, each national securities
exchange can elect how to structure its
listing requirements and respond in a
competitive manner. In that regard,
Nasdaq notes, for example, that in 2019
Nasdaq first enhanced its initial listing
requirements to exclude holders of
restricted stock from the calculation of
the market value of publicly held shares
and to impose a requirement that a
minimum number of shareholders hold
at least $2,500 worth of unrestricted
stock, however New York Stock
Exchange and NYSE American have not
adopted comparable requirements and
compete for listings on such basis.12
Nasdaq also believes that any impact
on intra-market competition from the
proposed change affecting companies
listing on the Nasdaq Global and Capital
Markets in connection with an IPO or
uplisting form the OTC market, as
described above, will be necessary to
better protect investors, in furtherance
of a central purpose of the Act. In that
regard, companies listing on Nasdaq
through other means, such as those
listing on the Nasdaq Global Select
Market or listing through a Direct
Listing, are already subject to higher
initial listing standards than companies
impacted by this proposed change and
Nasdaq has not observed similar
concerns with the trading of these
companies’ securities.
12 Securities
Exchange Act Release No. 86314
(July 5, 2019), 84 FR 33102 (July 11, 2019)
(approving SR–NASDAQ–2019–009).
VerDate Sep<11>2014
23:58 Dec 27, 2024
Jkt 265001
C. Self-Regulatory Organization’s
Statement on Comments on the
Proposed Rule Change Received From
Members, Participants, or Others
No written comments were either
solicited or received.
III. Date of Effectiveness of the
Proposed Rule Change and Timing for
Commission Action
106719
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 the
Exchange. 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–NASDAQ–2024–084 and should be
submitted on or before January 21, 2025.
Within 45 days of the date of
publication of this notice in the Federal
Register or within such longer period (i)
as the Commission may designate up to
90 days of such date if it finds such
longer period to be appropriate and
publishes its reasons for so finding or
(ii) as to which the Exchange consents,
the Commission shall: (a) by order
approve or disapprove such proposed
rule change, or (b) institute proceedings
to determine whether the proposed rule
change should be disapproved.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.13
IV. Solicitation of Comments
Vanessa A. Countryman,
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
Paper Comments
• Send paper comments in triplicate
to Secretary, Securities and Exchange
Commission, 100 F Street NE,
Washington, DC 20549–1090.
All submissions should refer to file
number SR–NASDAQ–2024–084. This
file 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
Frm 00314
Fmt 4703
BILLING CODE 8011–01–P
SMALL BUSINESS ADMINISTRATION
Interest Rates
• 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–
NASDAQ–2024–084 on the subject line.
PO 00000
Secretary.
[FR Doc. 2024–30898 Filed 12–27–24; 8:45 am]
Sfmt 4703
The Small Business Administration
publishes an interest rate called the
Optional Peg Rate (13 CFR 120.214) on
a quarterly basis. This rate is a weighted
average cost of money to the
government for maturities similar to the
average SBA direct loan. This rate may
be used as a base rate for guaranteed
fluctuating interest rate SBA loans. This
rate will be 4.38 percent for the
January–March quarter of FY 2025.
Pursuant to 13 CFR 120.921(b), the
maximum legal interest rate for any
Third Party Lender’s commercial loan
which funds any portion of the cost of
a 504 project (see 13 CFR 120.801) shall
be 6% over the New York Prime rate or,
if that exceeds the maximum interest
rate permitted by the constitution or
laws of a given State, the maximum
interest rate will be the rate permitted
by the constitution or laws of the given
State.
David Parrish,
Chief, Secondary Market Division.
[FR Doc. 2024–31199 Filed 12–27–24; 8:45 am]
BILLING CODE 8026–09–P
13 17
E:\FR\FM\30DEN1.SGM
CFR 200.30–3(a)(12).
30DEN1
]]>Agencies
[Federal Register Volume 89, Number 249 (Monday, December 30, 2024)]
[Notices]
[Page 106719]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-31199]
=======================================================================
-----------------------------------------------------------------------
SMALL BUSINESS ADMINISTRATION
Interest Rates
The Small Business Administration publishes an interest rate called
the Optional Peg Rate (13 CFR 120.214) on a quarterly basis. This rate
is a weighted average cost of money to the government for maturities
similar to the average SBA direct loan. This rate may be used as a base
rate for guaranteed fluctuating interest rate SBA loans. This rate will
be 4.38 percent for the January-March quarter of FY 2025.
Pursuant to 13 CFR 120.921(b), the maximum legal interest rate for
any Third Party Lender's commercial loan which funds any portion of the
cost of a 504 project (see 13 CFR 120.801) shall be 6% over the New
York Prime rate or, if that exceeds the maximum interest rate permitted
by the constitution or laws of a given State, the maximum interest rate
will be the rate permitted by the constitution or laws of the given
State.
David Parrish,
Chief, Secondary Market Division.
[FR Doc. 2024-31199 Filed 12-27-24; 8:45 am]
BILLING CODE 8026-09-P
