30 Day Notice

38514

Federal Register / Vol. 86, No. 137 / Wednesday, July 21, 2021 / Notices

9. Each Subadvised Fund will
disclose in its registration statement the
Aggregate Fee Disclosure.
10. In the event that the Commission
adopts a rule under the Act providing
substantially similar relief to that in the
order requested in the Application, the
requested order will expire on the
effective date of that rule.
11. Any new Subadvisory Agreement
or any amendment to an existing
Investment Advisory Agreement or
Subadvisory Agreement that directly or
indirectly results in an increase in the
aggregate advisory fee rate payable by
the Subadvised Fund will be submitted
to the Subadvised Fund’s shareholders
for approval.
For the Commission, by the Division of
Investment Management, under delegated
authority.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2021–15463 Filed 7–20–21; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–776, OMB Control No.
3235–0730]

Submission for OMB Review;
Comment Request

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Extension:
Form N–PORT

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 (the
‘‘Commission’’) has submitted to the
Office of Management and Budget a
request for extension of the previously
approved collection of information
discussed below.
The title for the collection of
information is ‘‘Form N–PORT under
the Investment Company Act of 1940.’’
Form N–PORT requires funds to report
portfolio holdings information in a
structured, XML format. The form is
filed electronically using the
Commission’s electronic filing system
(Electronic Data Gathering, Analysis and
Retrieval or ‘‘EDGAR’’). The purpose of
Form N–PORT is to satisfy the filing and
disclosure requirements of Section 30(b)
of the Investment Company Act, and of
Rule 30b1–9 thereunder.
We estimate that 11980 entities will
be required to submit reports on Form
N–PORT. We estimate that 35% of
funds will file reports on Form N–PORT
in house and the remaining 65% of
funds will retain the services of a third
party to prepare and file reports on
Form N–PORT on the fund’s behalf. The

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estimated annual hourly burden
associated with Form N–PORT
1,839,903 hours for an average of 153.6
hours per entity. The total annual
internal time cost associated with Form
N–PORT is $654,658,288. The total
annual external cost associated with
Form N–PORT is $113,858,133.
The requirements of this collection of
information are mandatory. Responses
will not be kept confidential. 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 the background
documentation for this information
collection at the following website,
www.reginfo.gov. Comments should be
directed to: (i) Desk Officer for the
Securities and Exchange Commission,
Office of Information and Regulatory
Affairs, Office of Management and
Budget, Room 10102, New Executive
Office Building, Washington, DC 20503,
or by sending an email to:
[email protected]; and (ii)
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]. Comments must be
submitted to OMB within 60 days of
this notice.
Dated: July 15, 2021.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2021–15432 Filed 7–20–21; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–663, OMB Control No.
3235–0724]

For Submission; Comment Request
Upon Written Request Copies Available
From: U.S. Securities and Exchange
Commission, Office of FOIA Services,
100 F Street NE, Washington, DC
20549–2736
Extension:
Supplier Diversity Business Management
System

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’’) a request for extension of the
previously approved collection of
information summarized below.

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The Commission is required under
Section 342 of the Dodd-Frank Wall
Street and Reform Act to develop
standards and processes for ensuring the
fair inclusion of women-owned and
minority-owned businesses in all of the
Commission’s business activities. In
addition, the Commission is required to
develop standards for coordinating
technical assistance to minority-owned
and women-owned businesses. 12
U.S.C. 5452(b)(2)(B). To help implement
these requirements, the Office of
Minority and Women Inclusion (OMWI)
developed and maintains an electronic
Supplier Diversity Business
Management System (SDBMS) to collect
up-to-date business information and
capabilities statements from diverse
suppliers interested in doing business
with the Commission. The information
collected in SDBMS assists the
Commission with its market research
efforts, enables the Commission to
assess the effectiveness of its technical
assistance and outreach efforts and
identify target areas for additional
program efforts, and facilitates the
Commission’s compliance with its
Congressionally-mandated reporting
obligations on the Commission’s
contract awards.
The Commission invited comments
on SDBMS. Information is collected in
SDBMS via web-based, e-filed, dynamic
form-based technology. The company
point of contact completes a profile
consisting of basic contact data and
information on the capabilities of the
business. The profile includes a series of
questions, some of which are based on
the data that the individual enters.
Drop-down lists are included where
appropriate to increase ease of use.
The information collection is
voluntary. There are no costs associated
with this collection. SDBMS allows
suppliers to self-register via a secure
web portal that is accessible through a
hyperlink on the Commission’s public
website.
Estimated number of annual
responses: 300.
Estimated annual reporting burden:
150 hours (30 minutes per submission).
Other than a recent decrease in the
number of respondents, presumably due
to the COVID–19 pandemic, the
estimated number of respondents
overall remains the same at 300 per
year, based on the actual response rate
prior to the pandemic. As such, the total
burden estimate also remains the same
at 150 hours.
On May 11, 2021, the Commission
published a notice in the Federal
Register (86 FR 25931) of its intention
to request an extension of this currently
approved collection of information, and

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Federal Register / Vol. 86, No. 137 / Wednesday, July 21, 2021 / Notices
allowed the public 60 days to submit
comments. The Commission received no
comments.
Written comments continued to be
invited on: (a) Whether this collection of
information is necessary for the proper
performance of the functions of the
agency, including whether the
information will have practical utility;
(b) the accuracy of the agency’s estimate
of the burden imposed by 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.
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].
Comments must be submitted to OMB
within 30 days of this notice.
Dated: July 15, 2021.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2021–15428 Filed 7–20–21; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–92420; File No. SR–CBOE–
2021–040]

Self-Regulatory Organizations; Cboe
Exchange, Inc.; Notice of Filing and
Immediate Effectiveness of a Proposed
Rule Change To Amend Its Rules
Relating to Trading Halts During the
Global Trading Hours Session

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July 15, 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 July 8,
2021, Cboe Exchange, Inc. (‘‘Exchange’’
or ‘‘Cboe Options’’) filed with the
1 15
2 17

Securities and Exchange Commission
(‘‘Commission’’) the proposed rule
change as described in Items I, II, and
III below, which Items have been
prepared by the Exchange. The
Exchange filed the proposal as a ‘‘noncontroversial’’ proposed rule change
pursuant to Section 19(b)(3)(A)(iii) of
the Act 3 and Rule 19b–4(f)(6)
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
Cboe Exchange, Inc. (the ‘‘Exchange’’
or ‘‘Cboe Options’’) proposes to amend
its rules relating to trading halts during
the Global Trading Hours session. 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://www.cboe.com/
AboutCBOE/
CBOELegalRegulatoryHome.aspx), 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 purpose of the proposed rule
change is to automate the Exchange’s
process for the halting and resumption
of trading in certain circumstances
during the Exchange’s Global Trading
Hours (‘‘GTH’’) session.
Background
By way of background, Cboe Rule 5.20
describes the Exchange’s process for
determining if and when to halt trading
in any security, including the process

U.S.C. 78s(b)(1).
CFR 240.19b–4.

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U.S.C. 78s(b)(3)(A)(iii).
CFR 240.19b–4(f)(6).

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38515

for the resumption of trading after a
halt. Rule 5.20(a) provides that any two
Floor Officials, in consultation with a
designated senior executive officer of
the Exchange, may halt trading in any
security in the interests of a fair and
orderly market and to protect investors.
Rule 5.20(a) also sets forth various
factors that may be considered in
making the forgoing determination,
including whether there has been an
activation of price limits on futures
exchanges or the halt of trading in
related futures with respect to index
options.5 Additionally, Rule 5.20(b)
provides that trading in a security that
has been the subject of a halt under
subparagraph (a) may be resumed as
described in Rule 5.31(g) 6 upon a
determination by two Floor Officials, in
consultation with a designated senior
executive officer of the Exchange, that
the interests of a fair and orderly market
are best served by a resumption of
trading. Among the factors to be
considered in making this
determination are whether the
conditions which led to the halt are no
longer present.
By way of further background, the
Chicago Mercantile Exchange (‘‘CME’’)
recently amended its rules to (1) adopt
Dynamic Special Price Fluctuation
Limits and trading halt rules for certain
CME equity index futures 7 during
CME’s Overnight Trading Hours session
(‘‘OTH’’ 8) and (2) modify its hard OTH
Price Limits.9 Specifically, CME
amended its rules to provide that if a
contract market moves beyond the lower
or above the upper dynamic price
fluctuation limit during OTH (currently
set at 3.5%), CME will trigger a Dynamic
Circuit Breaker and halt trading for two
5 See

Cboe Options Rule 5.20(a)(6).
Options Rule 5.31(g) governs the opening
auction process that follows a trading halt.
Particularly, it provides that the Exchange will open
series using the same opening auction process
described in Rule 5.31 following a trading halt in
the class declared by the Exchange pursuant to Rule
5.20, except: (1) The Queuing Period will begin
immediately when the Exchange halts trading in the
class; (2) if a User has orders or quotes resting on
the Book at the time of a trading halt, the System
queues those orders and quotes in the Queuing
Book for participation in the opening rotation
following the trading halt, unless the User entered
instructions to cancel its resting orders and quotes;
and (3) the System will initiate the opening rotation
for a class upon the Exchange’s determination to
resume trading pursuant to Rule 5.20. See Cboe
Options Rule 5.31(g).
7 See CME Rule 589, Special Price Fluctuation
Limits and Daily Price Limits Table, which
provides the Dynamic Price Fluctuation Limits
apply to, among other products, S&P 500 Futures,
E-mini S&P Futures, and Micro E-mini S&P 500
Index Futures.
8 CME’s current OTH hours are from 6:00 p.m.–
9:30 a.m. EST.
9 See CME Submission No. 20–392.
6 Cboe

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