60 Day Notice

3235-0456 60 Day Notice.pdf

Form 24F-2 (17 CFR 274.24) -- Annual Notice of Securities Sold Pursuant to Rule 24f-2

60 Day Notice

OMB: 3235-0456

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73548

Federal Register / Vol. 85, No. 223 / Wednesday, November 18, 2020 / Notices

khammond on DSKJM1Z7X2PROD with NOTICES

2022,38 would provide CAT Reporters
the time to fully consider how to report
such events and create the necessary
technological and process changes
required to capture these required
quotes and orders while minimizing
potential business disruptions and
impacts to existing workflows. As a
condition to this relief, the Participants
must provide the Commission a written
status update on the reporting of these
quotes and orders by July 31, 2022,
including the estimated costs of
reporting these quotes and orders and
an implementation plan for the
reporting of these quotes and orders.
IV. Conclusion
The Commission believes it is
appropriate to grant temporary
exemptive relief that exempts each
Participant from the requirement in
Section 6.4(d) of the CAT NMS Plan for
each Participant, through its
Compliance Rule, to require its Industry
Members to record and electronically
report to the Central Repository the
following communications, until July
31, 2023: (1) Floor broker verbal
announcements of firm orders on an
exchange that are otherwise reported as
systematized orders; (2) market maker
verbal announcements of firm quotes on
an exchange trading floor; (3) telephone
discussions between an Industry
Member and a client that may involve
firm bid and offer communications; and
(4) unstructured electronic and verbal
communications that are not currently
captured by Industry Member order
management or execution systems. As a
condition to this relief, the Participants
must provide the Commission a written
status update on the reporting of these
quotes and orders by July 31, 2022,
including the estimated costs of
reporting these quotes and orders and
an implementation plan for the
reporting of these quotes and orders.
Furthermore, as a condition to this
exemptive relief, Participants must
continue to require that firm verbal
interest on an exchange floor be
expressed pursuant to exchange rules
approved by the Commission and
Participants must require that any firm
verbal interest expressed by a floor
broker must be related to a CATreportable systematized order, and any
resulting trade must be reported to CAT.
Accordingly, it is hereby ordered,
pursuant to Section 36(a)(1) of the
Exchange Act,39 and Rule 608(e) of the
Exchange Act 40 that the Participants are
38 See Securities Exchange Act Release No. 88890
(May 15, 2020), 85 FR 31322, 31334 (May 22, 2020).
39 15 U.S.C. 78mm(a)(1).
40 17 CFR 242.608(e).

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granted an exemption, until July 31,
2023, from the requirement in Section
6.4(d) of the CAT NMS Plan that
requires each Participant, through its
Compliance Rule, to require its Industry
Members to record and electronically
report to the Central Repository: (1)
Floor broker verbal announcements of
firm orders on an exchange that are
otherwise reported as systematized
orders; (2) market maker verbal
announcements of firm quotes on an
exchange trading floor; (3) telephone
discussions between an Industry
Member and a client that may involve
firm bid and offer communications; (4)
unstructured electronic and verbal
communications that are not currently
captured by Industry Member order
management or execution systems (e.g.,
Bloomberg chats, text messages), subject
to the conditions described above.
By the Commission.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020–25393 Filed 11–17–20; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–399, OMB Control No.
3235–0456]

Proposed Collection; 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:
Form 24F–2

Notice is hereby given that pursuant
to the Paperwork Reduction Act of 1995
(44 U.S.C. 3501–3520), 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 24f–2 (17 CFR 270.24f–2) under
the Investment Company Act of 1940
(15 U.S.C. 80a) requires any open-end
management companies (‘‘mutual
funds’’), unit investment trusts
(‘‘UITs’’), registered closed-end
investment companies that make
periodic repurchase offers under rule
23c–3 under the Investment Company
Act [17 CFR 270.23c–3] (‘‘interval
funds’’), or face-amount certificate
companies (collectively, ‘‘funds’’)
deemed to have registered an indefinite

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amount of securities to file, not later
than 90 days after the end of any fiscal
year in which it has publicly offered
such securities, Form 24F–2 (17 CFR
274.24) with the Commission. Form
24F–2 is the annual notice of securities
sold by funds that accompanies the
payment of registration fees with respect
to the securities sold during the fiscal
year.
The Commission estimates that 6,794
funds file Form 24F–2 on the required
annual basis. The average annual
burden per respondent for Form 24F–2
is estimated to be four hours. The total
annual burden for all respondents to
Form 24F–2 is estimated to be 27,176
hours.
The estimate of average burden hours
is made solely for the purposes of the
Paperwork Reduction Act, and is not
derived from a comprehensive or even
a representative survey or study of the
costs of Commission rules.
Compliance with the collection of
information required by Form 24F–2 is
mandatory. The Form 24F–2 filing that
must be made to the Commission is
available to the public. 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.
The Commission requests written
comments on: (a) Whether the collection
of information is necessary for the
proper performance of the functions of
the Commission, including whether the
information has practical utility; (b) the
accuracy of the Commission’s estimate
of the burdens of the 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
in writing within 60 days of this
publication.
Please direct your written comments
to David Bottom, Director/Chief
Information Officer, Securities and
Exchange Commission, C/O Cynthia
Roscoe, 100 F Street NE, Washington,
DC 20549; or send an email to: PRA_
[email protected].
Dated: November 12, 2020.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020–25354 Filed 11–17–20; 8:45 am]
BILLING CODE 8011–01–P

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