30 Day Notice

3235-0504.pdf

Rule 19b-4(e) under the Securities Exchange Act of 1934 (17 CFR 240.19b-4(e))

30 Day Notice

OMB: 3235-0504

Document [pdf]
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49894

Federal Register / Vol. 87, No. 155 / Friday, August 12, 2022 / Notices

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 by
September 12, 2022 to (i)
>MBX.OMB.OIRA.SEC_desk_officer@
omb.eop.gov< and (ii) David Bottom,
Director/Chief Information Officer,
Securities and Exchange Commission,
c/o John Pezzullo, 100 F Street NE,
Washington, DC 20549, or by sending an
email to: [email protected].
Dated: August 8, 2022.
J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2022–17314 Filed 8–11–22; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–447, OMB Control No.
3235–0504]

jspears on DSK121TN23PROD with NOTICES

Submission for OMB Review;
Comment Request: Extension; Rule
19b–4(e) and Form 19b–4(e)
Upon Written Request, Copies Available
From: Securities and Exchange
Commission, Office of FOIA Services,
100 F Street NE, Washington, DC
20549–2736
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 19b–4(e) (17 CFR 240.19b–4(e))
under the Securities Exchange Act of
1934 (15 U.S.C 78a et seq.) (the ‘‘Act’’).
Rule 19b–4(e) permits a selfregulatory organization (‘‘SRO’’) to list
and trade a new derivative securities
product without submitting a proposed
rule change pursuant to Section 19(b) of
the Act (15 U.S.C. 78s(b)), so long as
such product meets the criteria of Rule
19b–4(e) under the Act. However, in
order for the Commission to maintain an
accurate record of all new derivative
securities products traded on the SROs,
Rule 19b–4(e) requires an SRO to file a
summary form, Form 19b–4(e), to notify
the Commission when the SRO begins
trading a new derivative securities
product that is not required to be
submitted as a proposed rule change to

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the Commission. Form 19b–4(e) should
be submitted within five business days
after an SRO begins trading a new
derivative securities product that is not
required to be submitted as a proposed
rule change. In addition, Rule 19b–4(e)
requires an SRO to maintain, on-site, a
copy of Form 19b–4(e) for a prescribed
period of time.
This collection of information is
designed to allow the Commission to
maintain an accurate record of all new
derivative securities products traded on
the SROs that are not deemed to be
proposed rule changes and to determine
whether an SRO has properly availed
itself of the permission granted by Rule
19b–4(e). The Commission reviews SRO
compliance with Rule 19b–4(e) through
its routine inspections of the SROs.
The respondents to the collection of
information are SROs (as defined by the
Act), all of which are national securities
exchanges. As of April 8, 2022 there
were 24 entities registered as national
securities exchanges with the
Commission. The Commission receives
an average total of 2,331 responses per
year, which corresponds to an estimated
annual hour burden of approximately
2,331 hours (2,331 responses × 1 hour
per response). At an average hourly cost
of $72, the aggregate related internal
cost of compliance for Rule 19b–4(e) is
approximately $167,832 per year (2,331
burden hours multiplied by $72/hour).
Compliance with Rule 19b–4(e) is
mandatory. Information received in
response to Rule 19b–4(e) shall not be
kept confidential; the information
collected is public 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 by
September 12, 2022 to (i)
www.reginfo.gov/public/do/PRAMain
and (ii) David Bottom, Director/Chief
Information Officer, Securities and
Exchange Commission, c/o John
Pezzullo, 100 F Street NE, Washington,
DC 20549, or by sending an email to:
[email protected].

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Frm 00096

Fmt 4703

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Dated: August 8, 2022.
J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2022–17308 Filed 8–11–22; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–95445; File No. SR–MEMX–
2022–10]

Self-Regulatory Organizations; MEMX
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 Rules To Govern the Trading of
Options on the Exchange for a New
Facility Called MEMX Options
August 8, 2022.

I. Introduction
On April 21, 2022, MEMX LLC
(‘‘MEMX’’ or 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 to adopt rules to establish a
facility to trade options, which will be
named MEMX Options. The proposed
rule change was published for comment
in the Federal Register on May 10,
2022.3 In its filing, MEMX consented to
an extension of time for Commission
action to ninety (90) days after the date
of publication of the proposal.4 On
August 8, 2022, the Exchange filed
Amendment No. 1 to the proposed rule
change.5 This order approves the
proposed rule change, as modified by
Amendment No. 1, on an accelerated
basis.
1 15

U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 See Securities Exchange Act Release No. 94847
(May 4, 2022), 87 FR 28064 (‘‘Notice’’). The
Commission received one comment letter on the
proposed rule change. See Letter from Andrew
Robinson, dated May 5, 2022, available at https://
www.sec.gov/comments/sr-memx-2022-10/
srmemx202210-289458.htm. The comments
expressed by the commenter are not relevant to the
proposed rule change.
4 See Item 6 of MEMX’s Rule 19b–4 filing. See
also Notice, supra note 3, at 28076, n.37.
5 Amendment No. 1 superseded and replaced the
original filing. In Amendment No. 1, the Exchange
proposes non-material revisions to the proposed
rule text and added additional detail to the filing.
See infra Section VI. When it submitted
Amendment No. 1, the Exchange also submitted it
as a comment letter to the filing, available at:
https://www.sec.gov/comments/sr-memx-2022-10/
srmemx202210.htm.
2 17

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