30 Day Notice

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Federal Register / Vol. 86, No. 120 / Friday, June 25, 2021 / Notices

purpose of the rule is to increase the
level of disclosure to investors
concerning penny stocks generally and
specific penny stock transactions.
The Commission estimates that
approximately 178 broker-dealers will
each spend an average of approximately
87.0833333 hours annually to comply
with this rule. Thus, the total time
burden is approximately 15,501 hours
per year.
Written comments are invited on: (a)
Whether the proposed collection of
information is necessary for the proper
performance of the functions of the
agency, including whether the
information shall have practical utility;
(b) the accuracy of the agency’s
estimates of the burden of the proposed
collection of information; (c) ways to
enhance the quality, utility, and clarity
of the information to be 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.
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: 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: June 21, 2021.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2021–13507 Filed 6–24–21; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–347, OMB Control No.
3235–0393]

lotter on DSK11XQN23PROD with NOTICES1

Proposed Collection; Comment
Request
Upon Written Request, Copies Available
From: Securities and Exchange
Commission, Office of FOIA Services,
Washington, DC 20549–2736
Extension:
Rule 15g–4

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

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(‘‘Commission’’) is soliciting comments
on the existing collection of information
provided for in Rule 15g–4—Disclosure
of compensation to brokers or dealers
(17 CFR 240.15g–4) under the Securities
Exchange Act of 1934 (15 U.S.C. 78a et
seq.). The Commission plans to submit
this existing collection of information to
the Office of Management and Budget
(‘‘OMB’’) for extension and approval.
Rule 15g–4 requires brokers and
dealers effecting transactions in penny
stocks for or with customers to disclose
the amount of compensation received by
the broker-dealer in connection with the
transaction. The purpose of the rule is
to increase the level of disclosure to
investors concerning penny stocks
generally and specific penny stock
transactions.
The Commission estimates that
approximately 178 broker-dealers will
each spend an average of approximately
87.0833333 hours annually to comply
with this rule. Thus, the total time
burden is approximately 15,501 hours
per year.
Written comments are invited on: (a)
Whether the proposed collection of
information is necessary for the proper
performance of the functions of the
agency, including whether the
information shall have practical utility;
(b) the accuracy of the agency’s
estimates of the burden of the proposed
collection of information; (c) ways to
enhance the quality, utility, and clarity
of the information to be 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.
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: 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: June 21, 2021.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2021–13505 Filed 6–24–21; 8:45 am]
BILLING CODE 8011–01–P

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SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–151, OMB Control No.
3235–0291]

Submission for OMB Review;
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:
Rules 17Ad–6 and 17Ad–7

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 17Ad–6 (17 CFR 240.17Ad–6) and
Rule 17Ad–7 (17 CFR 240.17Ad–7)
under the Securities Exchange Act of
1934 (15 U.S.C. 78a et seq.) (‘‘Exchange
Act’’).
Rule 17Ad–6 under the Exchange Act
requires every registered transfer agent
to make and keep current records about
a variety of information, such as: (1)
Specific operational data regarding the
time taken to perform transfer agent
activities (to ensure compliance with
the minimum performance standards in
Rule 17Ad–2 (17 CFR 240.17Ad–2)); (2)
written inquiries and requests by
shareholders and broker-dealers and
response time thereto; (3) resolutions,
contracts, or other supporting
documents concerning the appointment
or termination of the transfer agent; (4)
stop orders or notices of adverse claims
to the securities; and (5) all canceled
registered securities certificates.
Rule 17Ad–7 under the Exchange Act
requires each registered transfer agent to
retain the records specified in Rule
17Ad–6 in an easily accessible place for
a period of six months to six years,
depending on the type of record or
document. Rule 17Ad–7 also specifies
the manner in which records may be
maintained using electronic, microfilm,
and microfiche storage methods.
These recordkeeping requirements are
designed to ensure that all registered
transfer agents are maintaining the
records necessary for transfer agents to
monitor and keep control over their own
performance and for the Commission to
adequately examine registered transfer
agents on an historical basis for
compliance with applicable rules.
The Commission estimates that
approximately 359 registered transfer

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Federal Register / Vol. 86, No. 120 / Friday, June 25, 2021 / Notices
agents will spend a total of 179,500
hours per year complying with Rules
17Ad–6 and 17Ad–7 (500 hours per year
per transfer agent).
The retention period under Rule
17Ad–7 for the recordkeeping
requirements under Rule 17Ad–6 is six
months to six years, depending on the
particular record or document. The
recordkeeping and retention
requirements under Rules 17Ad–6 and
17Ad–7 are mandatory to assist the
Commission and other regulatory
agencies with monitoring transfer agents
and ensuring compliance with the rules.
These rules do not involve the
collection of confidential information.
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 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: June 21, 2021.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2021–13506 Filed 6–24–21; 8:45 am]
BILLING CODE 8011–01–P

[Release No. 34–92219; File No. SR–
NASDAQ–2021–049]

lotter on DSK11XQN23PROD with NOTICES1

Self-Regulatory Organizations; The
Nasdaq Stock Market LLC; Notice of
Filing and Immediate Effectiveness of
Proposed Rule Change To Extend the
Implementation Date for Changing the
Primary and Secondary Source of
Quotation Data of MEMX LLC
June 21, 2021.

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 June 8,
2 17

U.S.C. 78s(b)(1).
CFR 240.19b–4.

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I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
The Exchange proposes to extend the
implementation date for changing the
primary and secondary source of
quotation data of MEMX LLC
(‘‘MEMX’’) in the list of proprietary and
network processor feeds that the
Exchange utilizes for the handling,
routing, and execution of orders as well
as regulatory compliance processes
related to those functions.
The text of the proposed rule change
is available on the Exchange’s website at
https://listingcenter.nasdaq.com/
rulebook/nasdaq/rules, at the principal
office of the Exchange, 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

SECURITIES AND EXCHANGE
COMMISSION

1 15

2021, The Nasdaq Stock Market LLC
(‘‘Nasdaq’’ or ‘‘Exchange’’) filed with the
Securities and Exchange Commission
(‘‘SEC’’ or ‘‘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. Purpose
Nasdaq is filing this proposal to
extend the implementation date for
changing the primary and secondary
source of quotation data of MEMX in the
list of proprietary and network
processor feeds that the Exchange
utilizes for the handling, routing, and
execution of orders as well as regulatory
compliance processes related to those
functions.
Nasdaq proposed to amend Equity 4,
Rule 4759 (Data Feeds Utilized) to
change the primary and secondary
source of quotation data of certain
market centers in the list of proprietary

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33801

and network processor feeds that the
Exchange utilizes for the handling,
routing, and execution of orders as well
as regulatory compliance processes
related to those functions.3 These
changes were filed by Nasdaq on
February 3, 2021 and published in the
Federal Register on February 22, 2021.4
Nasdaq initially proposed to
implement the proposed rule change no
later than ninety (90) days following the
effective date of the proposed rule
change. Due to the need for additional
system configuration testing in advance
of the date of launch, Nasdaq has
decided to delay implementation for
MEMX until the Q3 2021. The Exchange
will announce the new implementation
date in an Equity Trader Alert at least
ten days in advance of implementing
the changes.
2. Statutory Basis
The Exchange believes that its
proposal is consistent with Section 6(b)
of the Act,5 in general, and furthers the
objectives of Section 6(b)(5) of the Act,6
in particular, in that it is designed to
promote just and equitable principles of
trade, to remove impediments to and
perfect the mechanism of a free and
open market and a national market
system, and, in general to protect
investors and the public interest.
The purpose of this proposal is to
inform the SEC and market participants
of the new implementation date for
changing the primary and secondary
source of quotation data for MEMX.
These enhancements were proposed in
a rule filing that was submitted to the
SEC, and this proposal does not make
any substantive changes to that filing.
Nasdaq is delaying the implementation
date to allow for additional system
configuration testing prior to
implementation.
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. As explained
above, the purpose of this proposal is to
inform the SEC and market participants
of the new implementation date for
changing the primary and secondary
3 The proposed changes were to change the
primary and secondary source of quotation data for
MEMX and MIAX PEARL, LLC (‘‘MIAX PEARL’’).
The changes for MIAX PEARL have been
completed. Therefore, this proposal is only to
extend the time period for implementing MEMX.
4 See Securities Exchange Act Release No. 91138
(February 16, 2021), 86 FR 10608 (February 22,
2021) (NASDAQ–2021–008) (‘‘Proposal’’).
5 15 U.S.C. 78f(b).
6 15 U.S.C. 78f(b)(5).

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