Submission for OMB Review; Comment Request; Extension: Rules 6a-1 and 6a-2, Form 1, 10842 [2025-03140]

Download as PDF 10842 Federal Register / Vol. 90, No. 38 / Thursday, February 27, 2025 / Notices collection of information on respondents, including through the use of automated collection techniques or other forms of information technology. The public may view and comment on this information collection request at: https://www.reginfo.gov/public/do/ PRAViewICR?ref_nbr=202410-3235-012 or send an email comment to MBX.OMB.OIRA.SEC_desk_officer@ omb.eop.gov within 30 days of the day after publication of this notice by March 31, 2025. Dated: February 21, 2025. Sherry Haywood, Assistant Secretary. [FR Doc. 2025–03135 Filed 2–26–25; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [SEC File No. 270–017, OMB Control No. 3235–0017] ddrumheller on DSK120RN23PROD with NOTICES1 Submission for OMB Review; Comment Request; Extension: Rules 6a–1 and 6a–2, Form 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 (‘‘PRA’’) (44 U.S.C. 3501 et seq.), the Securities and Exchange Commission (‘‘Commission’’) has submitted to the Office of Management and Budget (‘‘OMB’’) a request for approval of extension of the previously approved collection of information provided for in Rule 6a–1 (17 CFR 240.6a–1), Rule 6a– 2 (17 CFR 240.6a–2), and Form 1 (17 CFR 249.1) under the Securities Exchange Act of 1934 (‘‘Exchange Act’’) (15 U.S.C. 78a et seq.). The Exchange Act sets forth a regulatory scheme for national securities exchanges. Rule 6a–1 under the Exchange Act generally requires an applicant for initial registration as a national securities exchange to file an application with the Commission on Form 1. An exchange that seeks an exemption from registration based on limited trading volume also must apply for such exemption on Form 1. Rule 6a– 2 under the Exchange Act requires registered and exempt exchanges: (1) to amend the Form 1 if there are any material changes to the information provided in the initial Form 1; and (2) to submit periodic updates of certain information provided in the initial Form 1, whether such information has changed or not. The information VerDate Sep<11>2014 17:01 Feb 26, 2025 Jkt 265001 required pursuant to Rules 6a–1 and 6a– 2 is necessary to enable the Commission to maintain accurate files regarding the exchange and to exercise its statutory oversight functions. Without the information submitted pursuant to Rule 6a–1 on Form 1, the Commission would not be able to determine whether the respondent has met the criteria for registration (or an exemption from registration) set forth in Section 6 of the Exchange Act. The amendments and periodic updates of information submitted pursuant to Rule 6a–2 are necessary to assist the Commission in determining whether a national securities exchange or exempt exchange is continuing to operate in compliance with the Exchange Act. Initial filings on Form 1 by prospective exchanges are made on a one-time basis. The Commission estimates that it will receive approximately one initial Form 1 filing per year and that each respondent would incur an average burden of 880 hours to file an initial Form 1. Therefore, the Commission estimates that the annual burden for all respondents to file the initial Form 1 would be 880 hours (one response/ respondent × one respondent × 880 hours/response). There currently are 26 entities registered as national securities exchanges. The Commission estimates that each registered or exempt exchange files eleven amendments or periodic updates to Form 1 per year, incurring an average burden of 25 hours per amendment to comply with Rule 6a–2. The Commission estimates that the annual burden for all respondents to file amendments and periodic updates to the Form 1 pursuant to Rule 6a–2 would be 7,150 hours (26 respondents × 25 hours/response × 11 responses/ respondent per year). The total estimated annual time burden associated with Rules 6a–1 and 6a–2 is thus approximately 8,030 hours (880 + 7,150). 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. The public may view and comment on this information collection request at: https://www.reginfo.gov/public/do/ PRAViewICR?ref_nbr=202407-3235-025 or send an email comment to MBX.OMB.OIRA.SEC_desk_officer@ omb.eop.gov within 30 days of the day after publication of this notice by March 31, 2025. PO 00000 Frm 00036 Fmt 4703 Sfmt 4703 Dated: February 21, 2025. Sherry R. Haywood, Assistant Secretary. [FR Doc. 2025–03140 Filed 2–26–25; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–102471; File No. SR– NYSEARCA–2025–14] Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Modify the NYSE Arca Options Fee Schedule February 21, 2025. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (‘‘Act’’),1 and Rule 19b–4 thereunder,2 notice is hereby given that on February 14, 2025, NYSE Arca, Inc. (‘‘NYSE Arca’’ or ‘‘Exchange’’) filed with the Securities and Exchange Commission (‘‘Commission’’) the proposed rule change as described in Item I below, which Item has been substantially prepared by the Exchange. The Exchange has designated this proposal for immediate effectiveness pursuant to Section 19(b)(3)(A) of the Act 3 and Rule 19b–4(f) thereunder.4 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 modify the NYSE Arca Options Fee Schedule (‘‘Fee Schedule’’) to modify certain qualification bases applicable to the Customer Penny Posting Credit Tiers, Customer Posting Credit Tiers in NonPenny Issues, and Customer Incentive Program to reduce the requisite average daily volume (‘‘ADV’’) and exclude subdollar securities from such calculation. The Exchange proposes to implement the fee change effective February 14, 2025.5 1 15 U.S.C. 78s(b)(1). CFR 240.19b–4. 3 15 U.S.C. 78s(b)(3)(A). 4 17 CFR 240.19b–4(f). At any time within 60 days of the filing of the proposed rule change, the Commission summarily may temporarily suspend such rule change if it appears to the Commission that such action is necessary or appropriate in the public interest, for the protection of investors, or otherwise in furtherance of the purposes of the Act. If the Commission takes such action, the Commission will institute proceedings to determine whether the proposed rule change should be approved or disapproved. 5 On February 3, 2025, the Exchange filed to amend the Fee Schedule (NYSEARCA–2025–11) and withdrew such filing on February 14, 2025. 2 17 E:\FR\FM\27FEN1.SGM 27FEN1

Agencies

[Federal Register Volume 90, Number 38 (Thursday, February 27, 2025)]
[Notices]
[Page 10842]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2025-03140]


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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-017, OMB Control No. 3235-0017]


Submission for OMB Review; Comment Request; Extension: Rules 6a-1 
and 6a-2, Form 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 (``PRA'') (44 U.S.C. 3501 et seq.), the Securities and Exchange 
Commission (``Commission'') has submitted to the Office of Management 
and Budget (``OMB'') a request for approval of extension of the 
previously approved collection of information provided for in Rule 6a-1 
(17 CFR 240.6a-1), Rule 6a-2 (17 CFR 240.6a-2), and Form 1 (17 CFR 
249.1) under the Securities Exchange Act of 1934 (``Exchange Act'') (15 
U.S.C. 78a et seq.).
    The Exchange Act sets forth a regulatory scheme for national 
securities exchanges. Rule 6a-1 under the Exchange Act generally 
requires an applicant for initial registration as a national securities 
exchange to file an application with the Commission on Form 1. An 
exchange that seeks an exemption from registration based on limited 
trading volume also must apply for such exemption on Form 1. Rule 6a-2 
under the Exchange Act requires registered and exempt exchanges: (1) to 
amend the Form 1 if there are any material changes to the information 
provided in the initial Form 1; and (2) to submit periodic updates of 
certain information provided in the initial Form 1, whether such 
information has changed or not. The information required pursuant to 
Rules 6a-1 and 6a-2 is necessary to enable the Commission to maintain 
accurate files regarding the exchange and to exercise its statutory 
oversight functions. Without the information submitted pursuant to Rule 
6a-1 on Form 1, the Commission would not be able to determine whether 
the respondent has met the criteria for registration (or an exemption 
from registration) set forth in Section 6 of the Exchange Act. The 
amendments and periodic updates of information submitted pursuant to 
Rule 6a-2 are necessary to assist the Commission in determining whether 
a national securities exchange or exempt exchange is continuing to 
operate in compliance with the Exchange Act.
    Initial filings on Form 1 by prospective exchanges are made on a 
one-time basis. The Commission estimates that it will receive 
approximately one initial Form 1 filing per year and that each 
respondent would incur an average burden of 880 hours to file an 
initial Form 1. Therefore, the Commission estimates that the annual 
burden for all respondents to file the initial Form 1 would be 880 
hours (one response/respondent x one respondent x 880 hours/response).
    There currently are 26 entities registered as national securities 
exchanges. The Commission estimates that each registered or exempt 
exchange files eleven amendments or periodic updates to Form 1 per 
year, incurring an average burden of 25 hours per amendment to comply 
with Rule 6a-2. The Commission estimates that the annual burden for all 
respondents to file amendments and periodic updates to the Form 1 
pursuant to Rule 6a-2 would be 7,150 hours (26 respondents x 25 hours/
response x 11 responses/respondent per year).
    The total estimated annual time burden associated with Rules 6a-1 
and 6a-2 is thus approximately 8,030 hours (880 + 7,150).
    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.
    The public may view and comment on this information collection 
request at: https://www.reginfo.gov/public/do/PRAViewICR?ref_nbr=202407-3235-025 or send an email comment to 
[email protected] within 30 days of the day 
after publication of this notice by March 31, 2025.

    Dated: February 21, 2025.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2025-03140 Filed 2-26-25; 8:45 am]
BILLING CODE 8011-01-P
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