Form 1-SA 30 Day Federal Register Notice

44438

Federal Register / Vol. 87, No. 142 / Tuesday, July 26, 2022 / Notices

[SEC File No. 270–661, OMB Control No.
3235–0721]

‘‘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 by August 25, 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].

Submission for OMB Review;
Comment Request: Extension: Form
1–SA

Dated: July 20, 2022.
J. Matthew DeLesDernier,
Deputy Secretary.

DC 20549, or send an email to: PRA_
[email protected].
Dated: July 20, 2022.
J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2022–15914 Filed 7–25–22; 8:45 am]
BILLING CODE 8011–01–P

khammond on DSKJM1Z7X2PROD with NOTICES

SECURITIES AND EXCHANGE
COMMISSION

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
(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–SA (17 CFR 239.92) is used to
file semiannual 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.). Tier 2
issuers under Regulation A conducting
offerings of up to $50 million within a
12-month period are required to file
Form 1–SA. Form 1–SA provides
semiannual, interim financial
statements and information about the
issuer’s liquidity, capital resources and
operations after the issuer’s second
fiscal quarter. The purpose of the Form
1–SA is to better inform the public
about companies that have conducted
Tier 2 offerings under Regulation A. We
estimate that approximately 55 issuers
file Form 1–SA annually. We estimate
that Form 1–SA takes approximately
188.0427 hours to prepare. We estimate
that 85% of the 188.0427 hours per
response (159.8363 hours) is prepared
by the company for a total annual
burden of 8,791 hours (159.8363 hours
per response × 55 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

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[FR Doc. 2022–15912 Filed 7–25–22; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–95328; File No. SR–CBOE–
2022–038]

Self-Regulatory Organizations; Cboe
Exchange, Inc.; Notice of Filing of a
Proposed Rule Change To Amend Rule
5.32
July 20, 2022.

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 7,
2022, Cboe Exchange, Inc. (the
‘‘Exchange’’ or ‘‘Cboe Options’’) filed
with the Securities and Exchange
Commission (the ‘‘Commission’’) the
proposed rule change as described in
Items I, II, and III 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.
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
Rule 5.32. The text of the proposed rule
change is provided below.
(additions are Italicized; deletions are
[bracketed])
*
*
*
*
*
Rules of Cboe Exchange, Inc.
*
*
*
*
*
Rule 5.32. Order and Quote Book Processing,
Display, Priority, and Execution
(a)–(d) No change.
(e) Cancel/Replace. If a User submits a
cancel/replace message for a resting order,

PO 00000

1 15
2 17

U.S.C. 78s(b)(1).
CFR 240.19b–4.

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regardless of whether the cancel/replace
message modifies any terms of the resting
order, the order loses its priority position and
is placed in a priority position based on the
time the System receives the cancel/replace
message, unless the User only (1) decreases
the quantity of an order, (2) modifies the Max
Floor (if a Reserve Order), or (3) modifies the
stop price (if a Stop or Stop-Limit order), in
which case the order retains its priority
position. [Depending on how an order is
modified, the order may change priority
position as follows:
(1) If the price of an order is changed, the
order loses position and is placed in a
priority position as if the System received the
order at the time the order was changed.
(2) If the quantity of an order is decreased,
it retains its priority position.
(3) If the quantity of an order is increased,
it loses its priority position and is placed in
a priority position as if the System received
the order at the time the quantity of the order
is increased.]

*

*
*
*
*
The text of the proposed rule change
is also available on the Exchange’s
website (http://www.cboe.com/
AboutCBOE/CBOELegal
RegulatoryHome.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 Exchange proposes to amend
Rule 5.32(e) to describe the impact on
priority of a ‘‘no-change’’ order 3 (i.e., an
order submitted to cancel or replace a
resting order that does not change any
3 In this context, the term ‘‘order’’ includes bids
and offers submitted in bulk messages. A bulk
message means a single electronic message a user
submits with an M (Market-Maker) capacity to the
Exchange in which the User may enter, modify, or
cancel up to an Exchange-specified number of bids
and offers. See Rule 1.1 (definition of bulk message,
which provides that the System handles a bulk
message bid or offer in the same manner as it
handles an order or quote, unless the Rules specify
otherwise).

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