30 Day Notice

67114

Federal Register / Vol. 89, No. 160 / Monday, August 19, 2024 / Notices

For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.19
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024–18471 Filed 8–16–24; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–348, OMB Control No.
3235–0394]

Dated: August 13, 2024.
Sherry R. Haywood,
Assistant Secretary.

Submission for OMB Review;
Comment Request; Extension: Rule
15g–5

ddrumheller on DSK120RN23PROD with NOTICES1

‘‘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 18, 2024 to (i)
www.reginfo.gov/public/do/PRAMain
and (ii) Austin Gerig, Director/Chief
Data Officer, Securities and Exchange
Commission, c/o Oluwaseun Ajayi, 100
F Street NE, Washington, DC 20549, or
by sending an email to: PRA_Mailbox@
sec.gov.

[FR Doc. 2024–18461 Filed 8–16–24; 8:45 am]

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 15g–5—Disclosure of
Compensation of Associated Persons in
Connection with Penny Stock
Transactions—(17 CFR 240.15g–5)
under the Securities Exchange Act of
1934 (15 U.S.C. 78a et seq.).
Rule 15g–5 requires brokers and
dealers to disclose to customers the
amount of compensation to be received
by their sales agents in connection with
penny stock transactions. The purpose
of the rule is to increase the level of
disclosure to investors concerning
penny stocks generally and specific
penny stock transactions.
The Commission estimates that
approximately 170 broker-dealers will
spend an average of approximately 87
hours annually to comply with the rule.
Thus, the total time burden is
approximately 14,790 burden-hours per
year.
Rule 15g–5 contains record retention
requirements. Compliance with the rule
is mandatory.
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

BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–100714; File No. SR–
CboeEDGX–2024–048]

Self-Regulatory Organizations; Cboe
EDGX Exchange, Inc.; Notice of Filing
and Immediate Effectiveness of a
Proposed Rule Change To Replace the
Regulatory Transaction Fee With a
Sales Value Fee
August 13, 2024.

Pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934 (the
‘‘Act’’),1 and Rule 19b–4 thereunder,2
notice is hereby given that on July 30,
2024, Cboe EDGX Exchange, Inc. (the
‘‘Exchange’’ or ‘‘EDGX’’) 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 EDGX Exchange, Inc. (the
‘‘Exchange’’ or ‘‘EDGX’’) proposes to
amend its Fees Schedule. The text of the
proposed rule change is provided in
Exhibit 5.
The text of the proposed rule change
is also available on the Exchange’s
website (http://markets.cboe.com/us/
options/regulation/rule_filings/edgx/),
at the Exchange’s Office of the
Secretary, and at the Commission’s
Public Reference Room.
1 15

19 17

CFR 200.30–3(a)(12).

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18:07 Aug 16, 2024

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U.S.C. 78s(b)(1).
CFR 240.19b–4.

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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 its
Fees Schedule to add language
concerning the application and
collection of the Sales Value Fee, as
described below.
By way of background, Section 31 of
the Securities Exchange Act of 1934 (the
‘‘Act’’) 3 requires each self-regulatory
organization (‘‘SRO’’) to pay the
Securities and Exchange Commission
(‘‘SEC’’ or ‘‘Commission’’) twice
annually a fee based on the aggregate
dollar amount of certain sales of
securities (i.e., ‘‘covered sales’’). A
covered sale is a ‘‘sale of a security,
other than an exempt sale or a sale of
a security future, occurring on a
national securities exchange or by or
through any member of a national
securities association otherwise than on
a national securities exchange.’’ 4
Assessing a sales fee to defray the cost
of these fees is common practice among
the national securities exchanges and
associations, including the Exchange’s
affiliate options exchanges.5 In fact, the
Exchange currently assesses a fee on its
Members 6 for covered sales on the
Exchange to recoup these amounts,
which is described in Exchange Rule
15.1(b) (Regulatory Transaction Fee) but
3 17

CFR 240.31.
CFR 240.31(a)(6).
5 See, e.g. Cboe C2 Options Fee Schedule, Sales
Value Fee; NASDAQ Equities Price List, Sales Fees
to Fund Section 31 Obligations; and NYSE Arca
Rule 2.18 (Activity Assessment Fees).
6 See Rule 1.5(n). The term ‘‘Member’’ shall mean
any registered broker or dealer that has been
admitted to membership in the Exchange. A
Member will have the status of a ‘‘member’’ of the
Exchange as that term is defined in Section 3(a)(3)
of the Act. Membership may be granted to a sole
proprietor, partnership, corporation, limited
liability company or other organization which is a
registered broker or dealer pursuant to Section 15
of the Act, and which has been approved by the
Exchange.
4 17

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