Regulation 14D and 14E and Schedule 14D-9 30 Day Federal Register Notice

Federal Register / Vol. 85, No. 208 / Tuesday, October 27, 2020 / Notices
burden of 2,646 hours (34.36 hours per
response × 77 responses).
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 public may view background
documentation for this information
collection at the following website:
www.reginfo.gov. Find this particular
information collection by selecting
‘‘Currently under 30-day Review—Open
for Public Comments’’ or by using the
search function. Written comments and
recommendations for the proposed
information collection should be sent
within 30 days of publication of this
notice to (i) www.reginfo.gov/public/do/
PRAMain and (ii) David Bottom,
Director/Chief Information Officer,
Securities and Exchange Commission, c/
o Cynthia Roscoe, 100 F Street NE,
Washington, DC 20549, or by sending an
email to: [email protected].
Dated: October 22, 2020.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020–23749 Filed 10–26–20; 8:45 am]
BILLING CODE 8011–01–P

Dated: October 22, 2020.
J. Matthew DeLesDernier,
Assistant Secretary.

SECURITIES AND EXCHANGE
COMMISSION

[FR Doc. 2020–23754 Filed 10–26–20; 8:45 am]

[SEC File No. 270–114, OMB Control No.
3235–0102]

BILLING CODE 8011–01–P

Submission for OMB Review;
Comment Request

SECURITIES AND EXCHANGE
COMMISSION

Upon Written Request Copies Available
From: Securities and Exchange
Commission, Office of FOIA Services,
100 F Street NE, Washington, DC
20549–2736
Extension:
Regulations 14D and 14E, Schedule
14D–9

jbell on DSKJLSW7X2PROD with NOTICES

hours per response to prepare and is
filed by 169 companies annually. We
estimate that 25% of the 260.56 hours
per response (65.14 hours) is prepared
by the company for an annual reporting
burden of 11,009 hours (65.14 hours per
response × 169 responses).
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 public may view background
documentation for this information
collection at the following website:
www.reginfo.gov. Find this particular
information collection by selecting
‘‘Currently under 30-day Review—Open
for Public Comments’’ or by using the
search function. Written comments and
recommendations for the proposed
information collection should be sent
within 30 days of publication of this
notice to (i) www.reginfo.gov/public/do/
PRAMain and (ii) David Bottom,
Director/Chief Information Officer,
Securities and Exchange Commission,
c/o Cynthia Roscoe, 100 F Street NE,
Washington, DC 20549, or by sending an
email to: [email protected].

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
(‘‘Commission’’) has submitted to the
Office of Management and Budget this
request for extension of the previously
approved collection of information
discussed below.
Regulation 14D (17 CFR 240.14d–1—
240.14d–11) and Regulation 14E (17
CFR 240.14e–1—240.14f–1) and related
Schedule 14D–9 (17 CFR 240.14d–101)
require information important to
security holders in deciding how to
respond to tender offers. This
information is made available to the
public. Information provided on
Schedule 14D–9 is mandatory. Schedule
14D–9 takes approximately 260.56

VerDate Sep<11>2014

18:26 Oct 26, 2020

Jkt 253001

[Release No. 34–90240; File No. SRCboeBZX–2020–075]

Self-Regulatory Organizations; Cboe
BZX Exchange, Inc.; Notice of Filing
and Immediate Effectiveness of a
Proposed Rule Change To Enhance Its
Drill-Through Protections and Make
Other Clarifying Change
October 21, 2020.

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 October
9, 2020, Cboe BZX Exchange, Inc.
(‘‘Exchange’’ or ‘‘BZX’’) filed with the
Securities and Exchange Commission
(‘‘Commission’’) the proposed rule
change as described in Items I and II
below, which Items have been prepared
by the Exchange. The Commission is
publishing this notice to solicit
comments on the proposed rule change
from interested persons.
1 15
2 17

PO 00000

U.S.C. 78s(b)(1).
CFR 240.19b–4.

Frm 00079

Fmt 4703

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68111

I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
Cboe BZX Exchange, Inc. (the
‘‘Exchange’’ or ‘‘BZX Options’’)
proposes to enhance its drill-through
protections and make other clarifying
changes. The text of the proposed rule
change is provided in Exhibit 5.
The text of the proposed rule change
is also available on the Exchange’s
website (http://markets.cboe.com/us/
equities/regulation/rule_filings/bzx/), at
the Exchange’s Office of the Secretary,
and at the Commission’s Public
Reference Room.
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
Exchange 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 these
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 aspects of such
statements.
A. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
1. Purpose
The Exchange proposes to enhance its
drill-through protections for orders and
make other clarifying changes.
Currently, pursuant to Rule 21.17(d), the
System will execute a marketable buy
(sell) order, respectively, up to a buffer
amount above (below) the limit of the
Opening Collar or the national best offer
(‘‘NBO’’) (national best bid (‘‘NBB’’)), as
applicable (the ‘‘drill-through price’’).
The System enters any order (or
unexecuted portion) into the BZX
Options Book at the drill-through price
for a specified period of time
(determined by the Exchange).3 At the
end of the time period, the System
cancels any portion of the order not
executed during that time period.
The Exchange proposes to permit
orders to rest in the BZX Options Book
for multiple time periods and at more
3 The current time period is two seconds, and the
current default amounts are available in the
technical specifications available at https://
cdn.cboe.com/resources/membership/US_Options_
BOE_Specification.pdf. Upon implementation of
the proposed rule change, the Exchange will likely
reduce the length of the time period and maintain
the same buffer amounts.

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