60 Day Notice

Federal Register / Vol. 88, No. 185 / Tuesday, September 26, 2023 / Notices
the protection of investors or the public
interest; (ii) impose any significant
burden on competition; and (iii) become
operative for 30 days from the date on
which it was filed, or such shorter time
as the Commission may designate, it has
become effective pursuant to section
19(b)(3)(A)(iii) of the Act 15 and
subparagraph (f)(6) of Rule 19b–4
thereunder.16
At any time within 60 days of the
filing of the proposed rule change, the
Commission summarily may
temporarily suspend such rule change if
it appears to the Commission that such
action is necessary or appropriate in the
public interest, for the protection of
investors, or otherwise in furtherance of
the purposes of the Act. If the
Commission takes such action, the
Commission shall institute proceedings
to determine whether the proposed rule
should be approved or disapproved.
IV. Solicitation of Comments
Interested persons are invited to
submit written data, views, and
arguments concerning the foregoing,
including whether the proposed rule
change is consistent with the Act.
Comments may be submitted by any of
the following methods:

For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.17
Sherry R. Haywood,
Assistant Secretary.

Electronic Comments

[FR Doc. 2023–20804 Filed 9–25–23; 8:45 am]

• Use the Commission’s internet
comment form (http://www.sec.gov/
rules/sro.shtml); or
• Send an email to rule-comments@
sec.gov. Please include file number SR–
MRX–2023–16 on the subject line.

BILLING CODE 8011–01–P

Paper Comments
• Send paper comments in triplicate
to Secretary, Securities and Exchange
Commission, 100 F Street NE,
Washington, DC 20549–1090.
All submissions should refer to file
number SR–MRX–2023–16. This file
number should be included on the
subject line if email is used. To help the
Commission process and review your
comments more efficiently, please use
only one method. The Commission will
post all comments on the Commission’s
internet website (http://www.sec.gov/
rules/sro.shtml). Copies of the
submission, all subsequent
amendments, all written statements
with respect to the proposed rule
change that are filed with the
lotter on DSK11XQN23PROD with NOTICES1

Commission, and all written
communications relating to the
proposed rule change between the
Commission and any person, other than
those that may be withheld from the
public in accordance with the
provisions of 5 U.S.C. 552, will be
available for website viewing and
printing in the Commission’s Public
Reference Room, 100 F Street NE,
Washington, DC 20549 on official
business days between the hours of 10
a.m. and 3 p.m. Copies of the filing also
will be available for inspection and
copying at the principal office of the
Exchange. Do not include personal
identifiable information in submissions;
you should submit only information
that you wish to make available
publicly. We may redact in part or
withhold entirely from publication
submitted material that is obscene or
subject to copyright protection. All
submissions should refer to file number
SR–MRX–2023–16 and should be
submitted on or before October 17,
2023.

15 15

U.S.C. 78s(b)(3)(A)(iii).
CFR 240.19b–4(f)(6). In addition, Rule 19b–
4(f)(6) requires a self-regulatory organization to give
the Commission written notice of its intent to file
the proposed rule change at least five business days
prior to the date of filing of the proposed rule
change, or such shorter time as designated by the
Commission. The Exchange has satisfied this
requirement.
16 17

VerDate Sep<11>2014

18:18 Sep 25, 2023

Jkt 259001

SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–803, OMB Control No.
3235–0754]

Proposed Collection; Comment
Request; Extension: Rule 30b1–10,
Form N–RN
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 (the
‘‘Commission’’) is soliciting comments
on the collection of information
summarized below. The Commission
plans to submit this existing collection
of information to the Office of
Management and Budget for extension
and approval.
Rule 30b1–10 [17 CFR 270.30b1–10]
and Form N–RN [17 CFR 274.223]
require registered open-end
management investment companies (not
including entities regulated as money
17 17

PO 00000

market funds under 17 CFR 270.2a–7),
registered closed-end funds, and
business development companies
(collectively, ‘‘funds’’), to file a current
report on Form N–RN on a non-public
basis when certain events related to
their liquidity and events regarding
funds’ compliance with the VaR-based
limit on fund leverage risk in 17 CFR
270.18f–4 (‘‘rule 18f–4’’) occur. The first
category of information reported on
Form N–RN concerns events under
which more than 15% of an open-end
fund’s net assets are, or become, illiquid
investments that are assets as defined in
17 CFR 270.22e–4 (‘‘rule 22e–4’’) and
when holdings in illiquid investments
are assets that previously exceeded 15%
of a fund’s net assets have changed to
be less than or equal to 15% of the
fund’s net assets. The second category of
information reported on Form N–RN
regards events for certain open-end
funds under which a fund’s holdings in
assets that are highly liquid investments
fall below the fund’s highly liquid
investment minimum defined in rule
22e–4 for more than 7 consecutive
calendar days. The third category of
information reported on Form N–RN
regards information about a fund’s
breaches of the VaR test under rule 18f–
4. A report on Form N–RN is required
to be filed, as applicable, within one
business day of the occurrence of one or
more of these events. In addition, a fund
is in certain cases required to file a
second Form N–RN when it is no longer
in breach of the applicable limit.
Based on historical filing data and
projected estimates of the annual
number of VAR-based filings, the staff
estimates that the Commission will
receive roughly 66 reports per year on
Form N–RN on average.1 When filing a
report on Form N–RN, staff estimates
that a fund will spend on average
approximately 3 hours of an in-house
compliance attorney’s time and 1 hour
of a senior programmer time to prepare,
review, and submit Form N–RN, at a
total time cost of $1,661.2 Accordingly,
1 Because the compliance date for the VaR-based
reporting requirements was August 1, 2022, we
have made adjustments to estimate an annual
number of VAR-based filings.
2 This estimate is based on the following
calculations: (3 hours × $425/hour for an in house
compliance attorney = $1,275), plus (1 hour × $386/
hour for a senior programmer = $386), for a
combined total of 4 hours at total time costs of
$1,661. The estimates concerning the wage rates for
attorney and senior accountant time are based on
salary information for the securities industry
compiled by the Securities Industry and Financial
Markets Association. The estimated wage figure is
based on published rates for in-house compliance
attorneys and senior programmers, modified to
account for a 1,800-hour work-year and inflation,
and multiplied by 5.35 to account for bonuses, firm

CFR 200.30–3(a)(12).

Frm 00154

Fmt 4703

Sfmt 4703

66099

Continued

E:\FR\FM\26SEN1.SGM

26SEN1

66100

Federal Register / Vol. 88, No. 185 / Tuesday, September 26, 2023 / Notices

lotter on DSK11XQN23PROD with NOTICES1

in the aggregate, staff estimates that
compliance with rule 30b1–10 and
Form N–RN will result in a total annual
burden of approximately 264 burden
hours and total annual time costs of
approximately $109,626.3
Compliance with rule 30b1–10 is
mandatory for all funds. Responses to
the disclosure requirements will be kept
confidential. The estimate of average
burden hours is made solely for the
purposes of the PRA. The estimate is not
derived from a comprehensive or even
a representative survey or study of the
costs of Commission rules. Complying
with this collection of information
requirement is necessary to enable the
Commission to receive information on
fund liquidity events more uniformly
and efficiently, and to enhance the
Commission’s oversight of funds when
significant liquidity events occur and its
ability to respond to market events. 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.
Written comments are invited on: (a)
whether the proposed collection of
information is necessary for the proper
performance of the functions of the
Commission, including whether the
information shall have practical utility;
(b) the accuracy of the Commission’s
estimate of the burden of 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. Consideration will be given
to comments and suggestions submitted
by November 27, 2023,
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.
Please direct your written comments
to: David Bottom, Acting Director/Chief
Information Officer, Securities and
Exchange Commission, c/o John
Pezzullo, 100 F Street NE, Washington,
DC 20549 or send an email to: PRA_
[email protected].
size, employee benefits, and overhead. See
Securities Industry and Financial Markets
Association, Report on Management & Professional
Earnings in the Securities Industry 2013.
3 This estimate is based on the following
calculations: 66 reports filed per year × 4 hours per
report = approximately 264 total annual burden
hours. 66 reports filed per year × $1,661 in costs
per report = $109,626 total annual costs.

VerDate Sep<11>2014

18:18 Sep 25, 2023

Jkt 259001

Dated: September 21, 2023.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023–20907 Filed 9–25–23; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–98458; File Nos. SR–NYSE–
2023–29, SR–NYSEAMER–2023–39, SR–
NYSEArca-2023–53, SR–NYSECHX–2023–
16]

Self-Regulatory Organizations; New
York Stock Exchange LLC; NYSE
American LLC; NYSE Arca, Inc.; NYSE
Chicago, Inc.; Notice of Designation of
a Longer Period for Commission
Action on Proposed Rule Change To
Amend the Connectivity Fee Schedule
Regarding Power Allocation
September 20, 2023.

On August 3, 2023, New York Stock
Exchange LLC, NYSE American LLC,
NYSE Arca, Inc., and NYSE Chicago,
Inc. each 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 amend the
connectivity fee schedule to include an
alternative procedure to allocate power
in the Mahwah Data Center. The
proposed rule changes were published
for comment in the Federal Register on
August 22, 2023.3 The Commission has
received no comments 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 notices for these
proposed rule changes is October 6,
1 15

U.S.C. 78s(b)(1).
CFR 240.19b-4.
3 See Securities Exchange Act Release Nos. 98148
(August 16, 2023), 88 FR 57150 (SR–NYSE–2023–
29); 98149 (August 16, 2023), 88 FR 57154 (SR–
NYSEAMER–2023–39); 98150 (August 16, 2023), 88
FR 57142 (SR–NYSEArca-2023–53); 98151 (August
16, 2023), 88 FR 57159 (SR–NYSECHX–2023–16).
4 15 U.S.C. 78s(b)(2).

2023. The Commission is extending this
45-day time period.
The Commission finds it 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
and the comments received.
Accordingly, the Commission, pursuant
to section 19(b)(2) of the Act,5
designates November 20, 2023 as the
date by which the Commission shall
either approve or disapprove, or
institute proceedings to determine
whether to disapprove, the proposed
rule changes (File Nos. SR–NYSE–2023–
29, SR–NYSEAMER–2023–39, SR–
NYSEArca-2023–53, SR–NYSECHX–
2023–16).
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.6
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023–20814 Filed 9–25–23; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–98446; File No. SR–BOX–
2023–24]

Self-Regulatory Organizations; BOX
Exchange LLC; Notice of Filing and
Immediate Effectiveness of a Proposed
Rule Change To Amend the Fee
Schedule for Trading on the BOX
Options Market LLC Facility To Amend
the Language and Process Related to
the Options Regulatory Fee
September 20, 2023.

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
September 13, 2023, BOX Exchange LLC
(the ‘‘Exchange’’) filed with the
Securities and Exchange Commission
(‘‘Commission’’) the proposed rule
change as described in Items I and II
below, which Items have been prepared
by the Exchange. The Exchange filed the
proposed rule change pursuant to
section 19(b)(3)(A)(ii) of the Act,3 and
Rule 19b–4(f)(6) thereunder,4 which
renders the proposal effective upon
filing with the Commission. The
Commission is publishing this notice to

2 17

PO 00000

Frm 00155

Fmt 4703

Sfmt 4703

5 15

U.S.C. 78s(b)(2).
CFR 200.30–3(a)(31).
1 15 U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
3 15 U.S.C. 78s(b)(3)(A)(ii).
4 17 CFR 240.19b–4(f)(6).
6 17

E:\FR\FM\26SEN1.SGM

26SEN1