Form 1-U 30 Day Federal Register Notice

Federal Register / Vol. 86, No. 184 / Monday, September 27, 2021 / Notices
securities industry, such as female and
older registrants. In turn, this proposed
rule change would allow the industry to
retain expertise from skilled
individuals, providing investors with
the advantage of greater experience
among the individuals working in the
industry. For these reasons, the
Commission finds the proposed rule
change is designed to protect investors
and is in the public interest.
IV. Conclusion
It is therefore ordered pursuant to
Section 19(b)(2) of the Exchange Act 115
that the proposed rule change (SR–
FINRA–2021–015), be, and hereby is,
approved.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.116
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2021–20818 Filed 9–24–21; 8:45 am]
BILLING CODE 8011–01–P

hours per response is prepared by the
company for a total annual burden of
612 hours (4.25 hours per response ×
144 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: September 22, 2021.
J. Matthew DeLesDernier,
Assistant Secretary.

SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–660, OMB Control No.
3235–0722]

[FR Doc. 2021–20904 Filed 9–24–21; 8:45 am]
BILLING CODE 8011–01–P

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

lotter on DSK11XQN23PROD with NOTICES1

Extension:
Form 1–U

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.
Form 1–U (17 CFR 239.93) is used to
file current event reports by Tier 2
issuers under Regulation A, an
exemption from registration under the
Securities Act of 1933 (15 U.S.C. 77a et
seq.). Form 1–U provides information to
the public within four business days of
fundamental changes in the nature of
the issuer’s business and other
significant events. We estimate that
approximately144 issuers file Form 1–U
annually. We estimate that Form 1–U
takes approximately 5.0 hours to
prepare. We estimate that 85% of the 5.0

SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–93094; File No. SR–BOX–
2021–14]

Self-Regulatory Organizations; BOX
Exchange LLC; Notice of Filing of
Amendment No. 1 and Order Instituting
Proceedings To Determine Whether To
Approve or Disapprove a Proposed
Rule Change, as Modified by
Amendment No. 1, in Connection With
the Proposed Establishment of BSTX
as a Facility of the Exchange
September 21, 2021.

On June 7, 2021, BOX Exchange LLC
(‘‘Exchange’’ or ‘‘BOX’’) 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
adopt rules in connection with the
establishment of the Boston Security
Token Exchange LLC (‘‘BSTX’’) as a
facility of the Exchange. The proposed
rule change was published for comment
in the Federal Register on June 24,
2021.3 On August 3, 2021, pursuant to
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 (‘‘Notice’’).
2 17

115 15
116 17

U.S.C. 78s(b)(2).
CFR 200.30–3(a)(12).

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Section 19(b)(2) of the Act,4 the
Commission designated a longer period
within which to approve the proposed
rule change, disapprove the proposed
rule change, or institute proceedings to
determine whether to disapprove the
proposed rule change.5 On September
16, 2021, the Exchange filed
Amendment No. 1 to the proposed rule
change, which replaced and superseded
the proposed rule change as originally
filed.6 The Commission has received no
comments on the proposed rule change.
The Commission is publishing this
notice and order to solicit comments on
the proposed rule change, as modified
by Amendment No. 1, from interested
persons, and to institute proceedings
pursuant to Section 19(b)(2)(B) of the
Act 7 to determine whether to approve
or disapprove the proposed rule change,
as modified by Amendment No. 1.
4 15

U.S.C. 78s(b)(2).
Securities Exchange Act Release No. 92556,
86 FR 43572 (August 9, 2021). The Commission
designated September 22, 2021, as the date by
which the Commission shall approve or disapprove,
or institute proceedings to determine whether to
approve or disapprove, the proposed rule change.
6 In Amendment No. 1, the Exchange revised the
proposal to: (1) Adopt the BSTX LLC Third
Amended and Restated Limited Liability Company
Agreement (‘‘BSTX LLC Agreement’’) prior to the
commencement of operations of BSTX as a facility
of the Exchange, which, among other things, (a)
changes the legal name of the facility from ‘‘Boston
Security Token Exchange LLC’’ to ‘‘BSTX LLC,’’ (b)
modifies certain defined terms, including ‘‘BSTX
Product’’ and ‘‘Competing Business,’’ (c) defines the
term ‘‘Governmental Authority’’ and modifies
certain provisions to permit access to certain
confidential information by any such authority, and
(d) adds a provision that would, among other
things, require an effective rule filing pursuant to
Section 19 of the Exchange Act prior to any
Member, or Related Person of such Member,
becoming a BSTX Participant if such Member, alone
or together with any Related Persons of such
Member, has the right to appoint more than 20%
of the BSTX Directors entitled to vote; (2) provide
additional information about ownership of nonvoting Class B Units; (3) clarify how limitations on
voting of interests in BOX Holdings are
implemented by reallocating voting rights to other
BOX Holdings owners, and how a similar provision
in the BSTX LLC Agreement would operate; (4)
discuss certain provisions and associated
definitions in the BSTX LLC Agreement that are the
same or different from those that currently apply to
BOX Holdings and BOX Options, particularly with
respect to the board structure, intellectual property,
and automatic admission of Class B Units as
Members; (5) provide additional description of
limitations on voting and ownership of interests in
the Exchange; (6) provide additional description of
the roles, obligations, and authorities of BOX
Digital, tZERO, and the Exchange with respect to
BSTX; (7) describe the funding of operations of
BSTX; (8) clarify representation of BSTX
Participants on the Exchange’s Board and
committees, and how those representatives would
be appointed at the commencement of operations;
and (9) make other technical, clarifying and
conforming changes. Amendment No. 1 is available
on the Commission’s website at: https://
www.sec.gov/comments/sr-box-2021-14/
srbox202114-9251558-250847.pdf.
7 15 U.S.C. 78s(b)(2)(B).
5 See

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