Form S-1 30 Day Federal Register Notice

43572

Federal Register / Vol. 86, No. 150 / Monday, August 9, 2021 / Notices

SECURITIES AND EXCHANGE
COMMISSION

rule change (File No. SR–BOX–2021–
14).

[Release No. 34–92556; File No. SR–BOX–
2021–14]

For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.6
J. Matthew DeLesDernier,
Assistant Secretary.

Self-Regulatory Organizations; BOX
Exchange LLC; Notice of Designation
of Longer Period for Commission
Action on a Proposed Rule Change in
Connection With the Proposed
Commencement of Operations of
Boston Security Token Exchange LLC

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August 3, 2021.

On June 7, 2021, BOX Exchange LLC
(the ‘‘Exchange’’) filed with the
Securities and Exchange Commission
(‘‘Commission’’), pursuant to Section
19(b)(1) of the Securities Exchange Act
of 1934 (‘‘Act’’) 1 and Rule 19b–4
thereunder,2 a proposed rule change in
connection with the proposed
commencement of operations of Boston
Security Token Exchange LLC as a
facility of the Exchange. The proposed
rule change was published for comment
in the Federal Register on June 24,
2021.3 The Commission has received no
comment letters on the proposed rule
change.
Section 19(b)(2) of the Act 4 provides
that, within 45 days of the publication
of notice of the filing of a proposed rule
change, or within such longer period up
to 90 days as the Commission may
designate if it finds such longer period
to be appropriate and publishes its
reasons for so finding or as to which the
self-regulatory organization consents,
the Commission shall either approve the
proposed rule change, disapprove the
proposed rule change, or institute
proceedings to determine whether the
proposed rule change should be
disapproved. The 45th day after
publication of the notice for this
proposed rule change is August 8, 2021.
The Commission hereby is extending
the 45-day time period for Commission
action on the proposed rule change. The
Commission finds that it is appropriate
to designate a longer period within
which to take action on the proposed
rule change so that it has sufficient time
to consider the proposed rule change.
Accordingly, pursuant to Section
19(b)(2) of the Act,5 the Commission
designates September 22, 2021, as the
date by which the Commission shall
either approve or disapprove, or
institute proceedings to determine
whether to disapprove, the proposed
1 15

U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 See Securities Exchange Act Release No. 92206
(June 17, 2021), 86 FR 33402.
4 15 U.S.C. 78s(b)(2).
5 Id.
2 17

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[FR Doc. 2021–16885 Filed 8–6–21; 8:45 am]

Dated: August 4, 2021.
J. Matthew DeLesDernier,
Assistant Secretary.

BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–61, OMB Control No.
3235–0073]

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:
Form S–3

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
request for extension of the previously
approved collection of information
discussed below.
Form S–3 (17 CFR 239.13) is used by
issuers to register securities pursuant to
the Securities Act of 1933 (15 U.S.C. 77a
et seq.). Form S–3 provides investors
with material information to make
investment decisions regarding
securities offered to the public. Form
S–3 takes approximately 467.4195 hours
per response and is filed by
approximately 1,647 issuers annually.
We estimate that 25% of the 647.4195
hours per response (116.8548 hours) is
prepared by the issuer for a total annual
reporting burden of 192,460 hours
(116.8548 hours per response × 1,647
responses).
An agency may 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
6 17

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CFR 200.30–3(a)(31).

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Fmt 4703

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].

Sfmt 4703

[FR Doc. 2021–16906 Filed 8–6–21; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–058, OMB Control No.
3235–0065]

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:
Form S–1

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
(‘‘OMB’’) this request for an extension of
the previously approved collection of
information discussed below.
Form S–1 (17 CFR 239.11) is used by
domestic issuers who are not eligible to
use other forms to register a public
offering of their securities under the
Securities Act of 1933 (15 U.S.C. 77a et
seq.). The information collected is
intended to ensure that the information
required to be filed by the Commission
permits verification of compliance with
securities law requirements and assures
the public availability of such
information. Form S–1 takes
approximately 653.5436 hours per
response and is filed by approximately
894 respondents. We estimate that 25%
of the 653.5436 hours per response
(163.3859 hours) is prepared by the
registrant for a total annual reporting
burden of 146,067 hours (163.3859
hours per response × 894 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 OMB
control number.
The public may view background
documentation for this information
collection at the following website:
www.reginfo.gov. Find this particular

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09AUN1

Federal Register / Vol. 86, No. 150 / Monday, August 9, 2021 / Notices
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: August 4, 2021.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2021–16905 Filed 8–6–21; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–92555; File No. SR–BOX–
2021–07]

Self-Regulatory Organizations; BOX
Exchange LLC; Notice of Filing of
Amendment No. 1 and Order Granting
Accelerated Approval of a Proposed
Rule Change, as Modified by
Amendment No. 1, To Adopt BOX Rule
7670 To Establish a Virtual Trading
Floor on BOX
August 3, 2021.

I. Introduction
On April 16, 2021, BOX Exchange
LLC (‘‘Exchange’’) filed with the
Securities and Exchange Commission
(‘‘Commission’’), pursuant to Section
19(b)(1) of the Securities Exchange Act
of 1934 (‘‘Act’’) 1 and Rule 19b–4
thereunder,2 a proposed rule change to
establish a virtual trading floor on the
Exchange. The proposed rule change
was published for comment in the
Federal Register on May 5, 2021.3 On
June 16, 2021, pursuant to Section
19(b)(2) of the Act,4 the Commission
designated a longer period within which
to either approve the proposed rule
change, disapprove the proposed rule
change, or institute proceedings to
determine whether to disapprove the
proposed rule change.5 On July 20,
2021, the Exchange filed Amendment
1 15

U.S.C.78s(b)(1).
CFR 240.19b–4.
3 See Securities Exchange Act Release No. 91714
(April 29, 2021), 86 FR 24119.
4 15 U.S.C. 78s(b)(2).
5 See Securities Exchange Act Release No. 92192,
86 FR 32989 (June 23, 2021). The Commission
designated August 3, 2021, as the date by which it
should approve, disapprove, or institute
proceedings to determine whether to disapprove the
proposed rule change.

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No. 1 to the proposed rule change,
which replaced and superseded the
proposed rule change.6 This order
approves the proposed rule change, as
modified by Amendment No. 1, on an
accelerated basis.
II. Description of the Proposed Rule
Change, as Modified by Amendment
No. 1 7
On March 20, 2020, the Exchange
closed its physical Trading Floor
located in Chicago, Illinois, as a result
of precautions taken with respect to
COVID–19, and operated in an allelectronic configuration until May 4,
2020, when the Exchange reopened its
physical Trading Floor.8 According to
the Exchange, due to the uncertainty
regarding the ongoing pandemic, it
proposes to adopt Rule 7670, which
would permit the Exchange to conduct
open outcry trading virtually.
Specifically, proposed Rule 7670(a)(1)
would allow the Exchange to activate an
audio and video communication
program to serve as a ‘‘Virtual Trading
Floor’’ during regular trading hours in
the event the physical Trading Floor
becomes inoperable.9
According to the proposal, the
Exchange would create a ‘‘Virtual
Trading Pit’’ where each Participant
authorized to access the Virtual Trading
Floor and enters the Virtual Trading Pit
will be visible, and may speak, to all
other Participants in the Virtual Trading
Pit.10 Any Floor Market Maker
authorized to act on the physical
Trading Floor will receive access to the
Virtual Trading Pit on the Virtual
Trading Floor and will have an
appointment to trade all classes.11 The
6 In Amendment No. 1, the Exchange: (1) Amends
the proposed rule text to specify that Floor Brokers
would be required to enter their orders into the
electronic blotter at the same time they open outcry
the order to the Virtual Trading Crowd (as defined
below); (2) makes revisions and technical
corrections to the proposed rule text for consistency
and to more clearly reflect the description of the
proposed rule change; (3) makes technical
corrections and revisions to the description of the
proposed rule change for readability and
consistency; and (4) provides additional detail to
certain aspects of the description of the proposed
rule change. Amendment No. 1 is available on the
Commission’s website at: https://www.sec.gov/
comments/sr-box-2021-07/srbox202107-9086236246706.pdf.
7 All defined terms not defined herein are defined
in the BOX Rules.
8 See Amendment No. 1, supra note 6, at 3–4.
9 According to the Exchange, if the physical
Trading Floor becomes inoperable and the
Exchange does not make a Virtual Trading Floor
available, the Exchange will continue to operate in
an electronic-only environment; open outcry
trading will not be available while the physical
Trading Floor facility is inoperable. See proposed
Rule 7670(a).
10 See Amendment No. 1, supra note 6, at 6.
11 See id. at 8.

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43573

Exchange believes that its proposal will
allow the same communication
capabilities Participants generally have
on the physical Trading Floor so that
they may conduct open outcry trading
on the Virtual Trading Floor in the same
manner as they do on the physical
Trading Floor.12
All rules related to open outcry
trading will apply to open outcry
trading on the Virtual Trading Floor in
the same manner as they apply on the
physical Trading Floor, except that
proposed Rule 7670(a)(1)(A)–(G) will
also apply to trading on the Virtual
Trading Floor as follows.
Proposed Rule 7670(a)(1)(A) lists
certain terms in the Rules related to
open outcry trading on the physical
Trading Floor that will be deemed to
refer to corresponding terms related to
open outcry trading on the Virtual
Trading Floor. Specifically:
• References in the Rules to the
‘‘Floor,’’ ‘‘Trading Floor,’’ and
‘‘Exchange Floor’’ (and any other terms
with the same meaning) will be deemed
to refer to the ‘‘Virtual Trading Floor;’’
• References in the Rules to the ‘‘Pit’’
and the ‘‘Crowd Area’’ (and any other
terms with the same meaning) will be
deemed to refer to the ‘‘Virtual Trading
Pit’’ or the ‘‘Virtual Trading Crowd;’’
and
• The term ‘‘In-crowd Floor
Participant’’ will be deemed to mean a
Floor Market Maker or a Floor Brooker
representing an order in the Virtual
Trading Pit on the Virtual Trading
Floor.
Pursuant to proposed Rule
7670(a)(1)(B), access to the Virtual
Trading Floor will be limited to Floor
Participants, Clerks, Exchange
employees, and any other persons the
Exchange authorizes admission to the
Virtual Trading Floor.13 The Exchange
will provide access to the Virtual
Trading Floor to Participants the
Exchange already has approved to
perform a Trading Floor function
(including Floor Brokers and Floor
Market Makers).14 According to the
proposed Rule, each authorized
individual will receive one log-in to the
Virtual Trading Floor, and the Exchange
will track which individuals participate
on the Virtual Trading Floor, including
when they log-in and log-out.15 The
Exchange represents that access to the
Virtual Trading Floor will be
12 See

id. at 6.
proposed Rule 7670(a)(1)(B).
14 See Amendment No. 1, supra note 6, at 7–8.
15 See id. at 8–9.
13 See

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