60 Day Notice

Federal Register / Vol. 89, No. 92 / Friday, May 10, 2024 / Notices
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–CboeBYX–2024–013 and should be
submitted on or before May 31, 2024.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.21
J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2024–10190 Filed 5–9–24; 8:45 am]
BILLING CODE 8011–01–P

Dated: May 6, 2024.
J. Matthew DeLesDernier,
Deputy Secretary.

SECURITIES AND EXCHANGE
COMMISSION

khammond on DSKJM1Z7X2PROD with NOTICES

The Commission estimates that the
total hour burden under Rule 18a–8 is
approximately 5 burden hours per year,
and the total cost burden is
approximately $0 per year. There has
been no change in the estimated total
hour and cost burdens since the last
approval of this information collection.
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
June 10, 2024 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: PRA_Mailbox@
sec.gov.

[FR Doc. 2024–10205 Filed 5–9–24; 8:45 am]

[SEC File No. 270–770, OMB Control No.
3235–0750]

BILLING CODE 8011–01–P

Submission for OMB Review;
Comment Request; Extension: Rule
18a–8

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
(‘‘OMB’’) a request for extension of the
previously approved collection of
information discussed below.
Exchange Act Rule 18a–8 (17 CFR
240.18a–8) specifies the circumstances
under which stand-alone security-based
swap dealers (‘‘SBSDs’’), stand-alone
major security-based swap participants
(‘‘MSBSPs’’), bank SBSDs, and bank
MSBSPs must notify the Commission
about their financial or operational
condition, as well as the form that the
notice must take.
21 17

CFR 200.30–3(a)(12), (59).

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[SEC File No. 270–446, OMB Control No.
3235–0503]

Proposed Collection; Comment
Request; Extension: Form N–6
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.
The title for the collection of
information is ‘‘Form N–6 (17 CFR
239.17c and 274.11d) under the
Securities Act of 1933 (15 U.S.C. 77a et
seq.) and under the Investment
Company Act of 1940 (15 U.S.C. 80a–1

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40519

et seq.) registration statement of separate
accounts organized as unit investment
trusts that offer variable life insurance
policies.’’ Form N–6 is the form used by
insurance company separate accounts
organized as unit investment trusts that
offer variable life insurance contracts to
register as investment companies under
the Investment Company Act of 1940
and/or to register their securities under
the Securities Act of 1933. The primary
purpose of the registration process is to
provide disclosure of financial and
other information to investors and
potential investors for the purpose of
evaluating an investment in a security.
Form N–6 also requires separate
accounts organized as unit investment
trusts that offer variable life insurance
policies to provide investors with a
prospectus and a statement of additional
information (‘‘SAI’’) covering essential
information about the separate account
when it makes an initial or additional
offering of its securities.
The Commission estimates that
approximately 448 registration
statements (20 initial registration
statements plus 428 post-effective
amendments) are filed on Form N–6
annually. The estimated hour burden
per portfolio for preparing and filing an
initial registration statement on Form
N–6 is 772.25 hours. The estimated
annual hour burden for preparing and
filing initial registration statements is
15,445 hours (20 initial registration
statements annually times 772.25 hours
per registration statement). The
Commission estimates that the hour
burden for preparing and filing a posteffective amendment on Form N–6 is
154.25 hours. The total annual hour
burden for preparing and filing posteffective amendments is 66,019 hours
(428 post-effective amendments
annually times 154.25 hours per
amendment). The frequency of response
is annual. The total annual hour burden
for Form N–6, therefore, is estimated to
be 81,464 hours (15,445 hours for initial
registration statements plus 66,019
hours for post-effective amendments).
The Commission estimates that the
cost burden for preparing an initial
Form N–6 filing is $40,000 per filing
and the current cost burden for
preparing a post-effective amendment to
a previously effective registration
statement is $20,000 per filing. Thus,
the total cost burden allocated to Form
N–6 would be $9,360,000 (20 initial
filings times $40,000 and 428 posteffective amendment filings times
$20,000).
The information collection
requirements imposed by Form N–6 are
mandatory. Responses to the collection
of information will not be kept

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Federal Register / Vol. 89, No. 92 / Friday, May 10, 2024 / Notices

confidential. Estimates of average
burden hours are made solely for the
purposes of the Paperwork Reduction
Act, and are not derived from a
comprehensive or even a representative
survey or study of the costs of
Commission rules and forms. 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 July 9, 2024.
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, Chief Information
Officer, Securities and Exchange
Commission, c/o John Pezzullo, 100 F
Street NE, Washington, DC 20549 or
send an email to: PRA_Mailbox@
sec.gov.
Dated: May 7, 2024.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024–10252 Filed 5–9–24; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION

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[Release No. 34–100067; File No. SR–
FINRA–2024–006]

Self-Regulatory Organizations;
Financial Industry Regulatory
Authority, Inc.; Notice of Filing and
Immediate Effectiveness of a Proposed
Rule Change To Amend FINRA Rule
1240.01 To Reopen the Period by
Which Certain Participants in the
Maintaining Qualifications Program
May Complete Their Prescribed
Continuing Education Content
May 6, 2024.

Pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934

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(‘‘Act’’) 1 and Rule 19b–4 thereunder,2
notice is hereby given that on April 30,
2024, the Financial Industry Regulatory
Authority, Inc. (‘‘FINRA’’) filed with the
Securities and Exchange Commission
(‘‘SEC’’ or ‘‘Commission’’) the proposed
rule change as described in Items I and
II below, which Items have been
prepared by FINRA. FINRA has
designated the proposed rule change as
constituting a ‘‘non-controversial’’ rule
change under paragraph (f)(6) of Rule
19b–4 under the Act,3 which renders
the proposal effective upon receipt of
this filing by the Commission. 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
FINRA is proposing to amend FINRA
Rule 1240.01 (Eligibility of Other
Persons to Participate in the Continuing
Education Program Specified in
Paragraph (c) of this Rule) to reopen the
period by which certain participants in
the Maintaining Qualifications Program
(‘‘MQP’’) will be able to complete their
prescribed 2022 and 2023 continuing
education (‘‘CE’’) content.
Below is the text of the proposed rule
change. Proposed new language is
italicized; proposed deletions are in
brackets.
*
*
*
*
*
1200. REGISTRATION AND
QUALIFICATION

*

*

*

*

*

*

1240. Continuing Education
This Rule prescribes requirements
regarding the continuing education of
registered persons. The requirements shall
consist of a Regulatory Element and a Firm
Element as set forth below. This Rule also
sets forth continuing education programs
through which specified persons may
maintain their qualification in a
representative or principal registration
category following the termination of that
registration category.
(a) through (c) No Change.
• • • Supplementary Material:———
.01 Eligibility of Other Persons to
Participate in the Continuing Education
Program Specified in Paragraph (c) of this
Rule. A person registered in a representative
or principal registration category with FINRA
within two years immediately preceding
March 15, 2022 shall be eligible to participate
in the continuing education program under
paragraph (c) of this Rule, provided that he
or she satisfies the conditions set forth in
paragraphs (c)(1) and (c)(3) through (c)(6) of
this Rule. In addition, a person participating
1 15

U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 17 CFR 240.19b–4(f)(6).
2 17

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in the Financial Services Affiliate Waiver
Program under Rule 1210.09 immediately
preceding March 15, 2022 shall be eligible to
participate in the continuing education
program under paragraph (c) of this Rule,
provided that he or she satisfies the
conditions set forth in paragraphs (c)(3),
(c)(5) and (c)(6) of this Rule. Persons eligible
under this Supplementary Material .01 shall
make their election to participate in the
continuing education program under
paragraph (c) of this Rule either (1) between
January 31, 2022, and March 15, 2022; or (2)
between March 15, 2023, and December 31,
2023. If such persons elect to participate in
the continuing education program, their
participation period shall also be for a period
of five years following the termination of
their registration categories, as with other
participants under paragraph (c) of this Rule.
[In addition, eligible persons who elect to
participate in the continuing education
program between March 15, 2023, and
December 31, 2023, must complete any
prescribed 2022 and 2023 continuing
education content by March 31, 2024.]
Individuals enrolled in the continuing
education program under this
Supplementary Material .01 in both 2022 and
2023 who did not complete their prescribed
2022 and 2023 continuing education content
as of March 31, 2024, shall be able to
complete such content between May 22,
2024, and July 1, 2024, to be eligible to
continue their participation in the continuing
education program. In addition, any such
individuals who will have completed their
prescribed 2022 and 2023 continuing
education content between March 31, 2024,
and May 22, 2024, shall be deemed to have
completed such content by July 1, 2024, for
purposes of this Supplementary Material .01.
.02 No Change.

*

*

*

*

II. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
In its filing with the Commission,
FINRA 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. FINRA 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
FINRA Rule 1240.01 extended the
option to participate in the MQP to
individuals who: (1) were registered as
a representative or principal within two
years immediately prior to March 15,
2022 (the implementation date of the

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