30 Day Notice

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Federal Register / Vol. 89, No. 173 / Friday, September 6, 2024 / Notices

3642 and 3632(b)(3), on August 30,
2024, it filed with the Postal Regulatory
Commission a USPS Request to Add
Priority Mail & USPS Ground
Advantage® Contract 325 to
Competitive Product List. Documents
are available at www.prc.gov, Docket
Nos. MC2024–600, CP2024–608.
Sean Robinson,
Attorney, Corporate and Postal Business Law.
[FR Doc. 2024–20059 Filed 9–5–24; 8:45 am]
BILLING CODE 7710–12–P

POSTAL SERVICE
Product Change—Priority Mail
Express, Priority Mail, and USPS
Ground Advantage® Negotiated
Service Agreement
Postal ServiceTM.
Notice.

AGENCY:
ACTION:

The Postal Service gives
notice of filing a request with the Postal
Regulatory Commission to add a
domestic shipping services contract to
the list of Negotiated Service
Agreements in the Mail Classification
Schedule’s Competitive Products List.
DATES: Date of required notice:
September 6, 2024.
FOR FURTHER INFORMATION CONTACT:
Sean C. Robinson, 202–268–8405.
SUPPLEMENTARY INFORMATION: The
United States Postal Service® hereby
gives notice that, pursuant to 39 U.S.C.
3642 and 3632(b)(3), on August 29,
2024, it filed with the Postal Regulatory
Commission a USPS Request to Add
Priority Mail Express, Priority Mail &
USPS Ground Advantage® Contract 280
to Competitive Product List. Documents
are available at www.prc.gov, Docket
Nos. MC2024–595, CP2024–603.
SUMMARY:

Sean C. Robinson,
Attorney, Corporate and Postal Business Law.
[FR Doc. 2024–20053 Filed 9–5–24; 8:45 am]
BILLING CODE 7710–12–P

SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–822, OMB Control No.
3235–0777]

lotter on DSK11XQN23PROD with NOTICES1

Submission for OMB Review;
Comment Request; Extension: Rules
15Fi–3 through 15Fi–5
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

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(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.
Rules 15Fi–3 through 15Fi–5 (17 CFR
240.15Fi–3 through 240.15Fi–5) under
the Securities Exchange Act of 1934 (15
U.S.C. 78a et seq.) require registered
security-based swap dealers (‘‘SBS
dealer’’) and registered major securitybased swap participants (‘‘major SBS
participant’’) (each SBS dealer and each
major SBS participant hereafter referred
to as an ‘‘SBS Entity’’) to apply specific
risk mitigation techniques to portfolios
of security-based swaps not submitted
for clearing. Rules 15Fi–3 through 15Fi–
5 impose a collection of information
requirements on SBS Entities.
Specifically, Rule 15Fi–3 requires SBS
Entities to reconcile outstanding
security-based swaps with applicable
counterparties on a periodic basis. Rule
15Fi–4 requires SBS Entities to engage
in certain forms of portfolio
compression exercises with their
counterparties, as appropriate. Rule
15Fi–5 requires SBS Entities to execute
written security-based swap trading
relationship documentation with each
of its counterparties prior to, or
contemporaneously with, executing a
security-based swap transaction, and to
periodically audit the policies and
procedures governing such
documentation.
Rules 15Fi–3 through 15Fi–5 have
been promulgated pursuant to Section
15F(i)(2) of the Exchange Act, which
requires that the Commission ‘‘adopt
rules governing documentation
standards for security-based swap
dealers and major security-based swap
participants.’’ Accordingly, the
collections of information are at the
heart of each of the underlying
documentation requirements of the
rules, such that not conducting them (or
reducing the frequency of collection)
would not be consistent with the
statutory provisions. Moreover, the
policies and procedures required to be
established, maintained, and followed
pursuant to Rules 15Fi–3 through 15Fi–
5 are instrumental in focusing and
assessing compliance with the
underlying rules, consistent with how
similar requirements are used in
numerous other Commission rules.
Thus, eliminating such collections (or
reducing the frequency of collection)
also would be inconsistent with the
applicable statutory provisions and the
intended effects of the rules.
The Commission estimated that
approximately 53 entities may fit within

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the definition of SBS dealer, and up to
five entities may fit within the
definition of major SBS participant.
Thus, the Commission estimated that
approximately 58 entities would be
required to register with the
Commission as SBS Entities and would
be subject to Rules 15Fi–3 through
15Fi–5. Of the 58 entities that would be
required to register with the
Commission as SBS Entities, the
Commission estimated that
approximately 20 would be duallyregistered with the Commodity Futures
Trading Commission (‘‘CFTC’’) as swap
dealers or major swap participants. As
the Rules 15Fi–3 through 15Fi–5 are
largely similar to those adopted by the
CFTC, dually-registered entities may
have procedures and systems in place to
collect the information, thereby
minimizing compliance burdens. The
Commission estimated that the total
annual industry burden under 15Fi–3
through 15Fi–5 is approximately
464,836 hours per year.
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
October 7, 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: [email protected].
Dated: September 3, 2024.
Vanessa A. Countryman,
Secretary.
[FR Doc. 2024–20133 Filed 9–5–24; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–480, OMB Control No.
3235–0537]

Submission for OMB Review;
Comment Request; Extension:
Regulation S–P
Upon Written Request, Copies Available
From: Securities and Exchange
Commission, Office of FOIA Services,

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lotter on DSK11XQN23PROD with NOTICES1

Federal Register / Vol. 89, No. 173 / Friday, September 6, 2024 / Notices
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
the privacy notice and opt out notice
provisions of Regulation S–P—Privacy
of Consumer Financial Information (17
CFR part 248, subpart A) under the
Securities Exchange Act of 1934
(‘‘Exchange Act’’) (15 U.S.C. 78a et seq.).
The privacy notice and opt out notice
provisions of Regulation S–P (the
‘‘Rule’’) implement the privacy notice
and opt out notice requirements of Title
V of the Gramm-Leach-Bliley Act
(‘‘GLBA’’), which requires that, at the
time of establishing a customer
relationship with a consumer and not
less than annually during the
continuation of such relationship, a
financial institution shall provide a
clear and conspicuous disclosure to
such consumer of such financial
institution’s policies and practices with
respect to disclosing nonpublic personal
information to affiliates and
nonaffiliated third parties (‘‘privacy
notice’’). Title V of the GLBA also
provides that, unless an exception
applies, a financial institution may not
disclose nonpublic personal information
of a consumer to a nonaffiliated third
party unless the financial institution
clearly and conspicuously discloses to
the consumer that such information may
be disclosed to such third party; the
consumer is given the opportunity,
before the time that such information is
initially disclosed, to direct that such
information not be disclosed to such
third party; and the consumer is given
an explanation of how the consumer can
exercise that nondisclosure option (‘‘opt
out notice’’). The Rule applies to brokerdealers, investment advisers registered
with the Commission, and investment
companies (‘‘covered entities’’).
Commission staff estimates that, as of
April 1, 2024, the Rule’s information
collection burden applies to
approximately 32,707 covered entities
(approximately 3,410 broker-dealers,
15,531 investment advisers registered
with the Commission, and 13,766
investment companies). In view of (a)
the minimal recordkeeping burden
imposed by the Rule (since the Rule has
no recordkeeping requirement and
records relating to customer
communications already must be made
and retained pursuant to other SEC

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rules); (b) the summary fashion in
which information must be provided to
customers in the privacy and opt out
notices required by the Rule (the model
privacy form adopted by the SEC and
the other agencies in 2009, designed to
serve as both a privacy notice and an
opt out notice, is only two pages); (c) the
availability to covered entities of the
model privacy form and online model
privacy form builder; and (d) the
experience of covered entities’ staff with
the notices, SEC staff estimates that
covered entities will each spend an
average of approximately 12 hours per
year complying with the Rule, for a total
of approximately 392,484 annual
burden hours (12 × 32,707 = 392,484).
SEC staff understands that the vast
majority of covered entities deliver their
privacy and opt out notices with other
communications such as account
opening documents and account
statements. Because the other
communications are already delivered
to consumers, adding a brief privacy
and opt out notice should not result in
added costs for processing or for postage
and materials. Also, privacy and opt out
notices may be delivered electronically
to consumers who have agreed to
electronic communications, which
further reduces the costs of delivery.
Because SEC staff assumes that most
paper copies of privacy and opt out
notices are combined with other
required mailings, the burden-hour
estimates above are based on resources
required to integrate the privacy and opt
notices into another mailing, rather than
on the resources required to create and
send a separate mailing. SEC staff
estimates that, of the estimated 12
annual burden hours incurred,
approximately 8 hours would be spent
by administrative assistants at an hourly
rate of $90, and approximately 4 hours
would be spent by internal counsel at an
hourly rate of $518, for a total annual
internal cost of compliance of
approximately $2,792 for each of the
covered entities (8 × $90 = $720; 4 ×
$518 = $2,072; $720 + $2,072 = $2,792).
Hourly cost of compliance estimates for
administrative assistant time are derived
from the Securities Industry and
Financial Markets Association’s Office
Salaries in the Securities Industry 2013,
modified by SEC staff to account for an
1,800-hour work-year and multiplied by
2.93 to account for bonuses, firm size,
employee benefits and overhead. Hourly
cost of compliance estimates for internal
counsel time are derived from the
Securities Industry and Financial
Markets Association’s Management &
Professional Earnings in the Securities
Industry 2013, modified by SEC staff to

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72917

account for an 1,800-hour work-year
and multiplied by 5.35 to account for
bonuses, firm size, employee benefits,
and overhead. Accordingly, SEC staff
estimates that the total annual internal
cost of compliance for the estimated
total hour burden for the approximately
32,707 covered entities subject to the
Rule is approximately $91,371,944
($2,792 × 32,707 = $91,317,944).
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
October 7, 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: [email protected].
Dated: September 3, 2024.
Vanessa A. Countryman,
Secretary.
[FR Doc. 2024–20134 Filed 9–5–24; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–100884; File No. 10–242]

In the Matter of the Application of 24X
National Exchange LLC for
Registration as a National Securities
Exchange; Notice of Designation of a
Longer Period for Commission Action
on Proceedings To Determine Whether
To Grant or Deny an Application for
Registration as a National Securities
Exchange Under Section 6 of the
Securities Exchange Act of 1934
August 30, 2024.

On February 6, 2024, 24X National
Exchange LLC (‘‘24X’’) filed with the
Securities and Exchange Commission
(‘‘Commission’’) a Form 1 application
under the Securities Exchange Act of
1934 (‘‘Act’’) seeking registration as a
national securities exchange under
Section 6 of the Act.1 Notice of the
application was published for comment
in the Federal Register on March 4,
1 15

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U.S.C. 78f.

06SEN1