Federal Register 30-Day Notice

Federal Register / Vol. 90, No. 39 / Friday, February 28, 2025 / Notices
submissions should refer to file number
SR–NASDAQ–2025–017 and should be
submitted on or before March 21, 2025.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.11
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2025–03229 Filed 2–27–25; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
Sunshine Act Meeting; Cancellation
FEDERAL REGISTER CITATION OF PREVIOUS
ANNOUNCEMENT: 90 FR 10544, February

20, 2025.
PREVIOUSLY ANNOUNCED TIME AND DATE OF
THE MEETING: Wednesday, February 26,

2025, at 10:00 a.m.
The Open
Meeting scheduled for Wednesday,
February 26, 2025 at 10:00 a.m. has been
cancelled.
CONTACT PERSON FOR MORE INFORMATION:
For further information; please contact
Vanessa A. Countryman from the Office
of the Secretary at (202) 551–5400.
Authority: 5 U.S.C. 552b.
CHANGES IN THE MEETING:

Dated: February 25, 2025.
Vanessa A. Countryman,
Secretary.
[FR Doc. 2025–03352 Filed 2–26–25; 11:15 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–261, OMB Control No.
3235–0274]

khammond on DSK9W7S144PROD with NOTICES

Submission for OMB Review;
Comment Request; Extension: Rule
17Ad–11
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 17Ad–11 (17 CFR 240.17Ad–11),
under the Securities Exchange Act of
1934 (15 U.S.C. 78a et seq.).
11 17

CFR 200.30–3(a)(12) and (59).

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Rule 17Ad–11 requires every
registered recordkeeping transfer agent
to report certain information to issuers
and its appropriate regulatory agency in
the event that the aggregate market
value of an ‘‘aged record difference’’
exceeds certain thresholds. A ‘‘record
difference’’ occurs when the number of
shares or principal dollar amount of
securities in an issuer’s records do not
equal those in the master securityholder
file as indicated, for instance, on
certificates presented to the transfer
agent for purchase, redemption, or
transfer. An ‘‘aged record difference’’ is
a record difference that has existed for
more than 30 calendar days. In addition,
the rule requires every registered
recordkeeping transfer agent to report
certain information to issuers and its
appropriate regulatory agency
concerning buy-ins of all issues for
which it acts as recordkeeping transfer
agent. Further, the rule requires every
registered recordkeeping transfer agent
to report to its appropriate regulatory
agency when it has failed to post
certificate detail to the master
securityholder file within five business
days of the time required by Rule 17Ad–
10 (17 CFR 240.17Ad–10). Transfer
agents must also maintain a copy of any
report required under Rule 17Ad–11 for
a period of not less than three years
following the date of the report, the first
year in an easily accessible place.
Because the information required by
Rule 17Ad–11 is already available to
transfer agents, any collection burden
for small transfer agents is minimal.
Based on a review of the number of Rule
17Ad–11 reports the Commission, the
Comptroller of the Currency, the Board
of Governors of the Federal Reserve
System, and the Federal Deposit
Insurance Corporation (collectively, the
‘‘appropriate regulatory agencies’’)
received since 2019, the Commission
staff estimates that 8 respondents will
file a total of approximately 1 report
annually. The Commission staff
estimates that, on average, each report
can be completed in 30 minutes.
Therefore, the total annual time burden
for the entire transfer agent industry is
approximately .5 hours (0.5 hours × 1
report). Assuming an average hourly
rate of $78 for a compliance staff
employee at a transfer agent, the average
total internal compliance cost for each
report is $39. The total annual internal
cost of compliance for the estimated 8
respondents is thus approximately $39
($39 per report × 1 report).
The retention period for the
recordkeeping requirement under Rule
17Ad–11 is not less than three years
following the date of a report prepared
pursuant to the rule. The recordkeeping

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requirement under Rule 17Ad–11 is
mandatory to assist the Commission and
other regulatory agencies in monitoring
transfer agents who are not performing
their functions promptly and accurately.
This rule does not involve the collection
of confidential information.
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.
Written comments are invited on: (a)
whether this collection of information is
necessary for the proper performance of
the functions of the agency, including
whether the information will have
practical utility; (b) the accuracy of the
agency’s estimate of the burden imposed
by 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.
The public may view and comment
on this information collection request
at: https://www.reginfo.gov/public/do/
PRAViewICR?ref_nbr=202411-3235-013
or send an email comment to
MBX.OMB.OIRA.SEC_desk_officer@
omb.eop.gov within 30 days of the day
after publication of this notice by March
31, 2025.
Dated: February 25, 2025.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2025–03278 Filed 2–27–25; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–329, OMB Control No.
3235–0371]

Submission for OMB Review;
Comment Request; Extension: Rule
15a–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
(‘‘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 15a–6 (17 CFR 240.15a–6) under

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Federal Register / Vol. 90, No. 39 / Friday, February 28, 2025 / Notices

the Securities Exchange Act of 1934 (15
U.S.C. 78a et seq.).
Rule 15a–6 provides conditional
exemptions from the requirement to
register as a broker-dealer pursuant to
Section 15 of the Securities Exchange
Act for foreign broker-dealers that
engage in certain specified activities
involving U.S. persons. In particular,
Rule 15a–6(a)(3) provides an exemption
from broker-dealer registration for
foreign broker-dealers that solicit and
effect transactions with or for U.S.
institutional investors or major U.S.
institutional investors through a
registered broker-dealer, provided that
the U.S. broker-dealer, among other
things, obtains certain information
about, and consents to service of process
from, the personnel of the foreign
broker-dealer involved in such
transactions, and maintains certain
records in connection therewith.
These requirements are intended to
ensure (a) that the registered brokerdealer will receive notice of the identity
of, and has reviewed the background of,
foreign personnel who will contact U.S.
investors, (b) that the foreign brokerdealer and its personnel effectively may
be served with process in the event
enforcement action is necessary, and (c)
that the Commission has ready access to
information concerning these persons
and their U.S. securities activities.
Commission staff estimates that
approximately 2,000 U.S. registered
broker-dealers will spend an average of
two hours of clerical staff time and one
hour of managerial staff time per year
obtaining the information required by
the rule, resulting in a total aggregate
time burden of 6,000 hours per year for
complying with the rule. Assuming an
hourly cost of $78 1 for a compliance
clerk and $344 2 for a compliance
manager, the resultant total internal
labor cost of compliance for the
respondents is $1,000,000 per year
(2,000 entities × ((2 hours per entity ×
$78/hour) + (1 hour per entity × $344/
hour)) = $1,000,000).
In general, the records to be
maintained under Rule 15a–6 must be
kept for the applicable time periods as
set forth in Rule 17a–4 (17 CFR
240.17a–4) under the Exchange Act or,

with respect to the consents to service
of process, for a period of not less than
six years after the applicable person
ceases engaging in U.S. securities
activities. Reliance on the exemption set
forth in Rule 15a–6 is voluntary, but if
a foreign broker-dealer elects to rely on
such exemption, the collection of
information described therein is
mandatory. The collection does not
involve confidential information.
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 OMB
Control Number.
Written comments are invited on: (a)
whether this collection of information is
necessary for the proper performance of
the functions of the agency, including
whether the information will have
practical utility; (b) the accuracy of the
agency’s estimate of the burden imposed
by 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.
The public may view and comment
on this information collection request
at: https://www.reginfo.gov/public/do/
PRAViewICR?ref_nbr=202412-3235-010
or send an email comment to
MBX.OMB.OIRA.SEC_desk_officer@
omb.eop.gov within 30 days of the day
after publication of this notice by March
31, 2025.
Dated: February 25, 2025.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2025–03271 Filed 2–27–25; 8:45 am]
BILLING CODE 8011–01–P

DEPARTMENT OF TRANSPORTATION
Federal Aviation Administration
Notice of Intent To Rule on a Request
To Release Surplus Property at the
Melbourne Orlando International
Airport, Melbourne, FL
Federal Aviation
Administration (FAA), Department of
Transportation.
ACTION: Request for public comment.
AGENCY:

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1 The

hourly rate used for a compliance clerk was
from SIFMA’s Office Salaries in the Securities
Industry 2013, modified by Commission 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.
2 The hourly rate used for a compliance manager
was from SIFMA’s Management & Professional
Earnings in the Securities Industry 2013, modified
by Commission staff to account for an 1,800-hour
work-year and multiplied by 5.35 to account for
bonuses, firm size, employee benefits and overhead.

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Notice is being given that the
FAA is considering a request from the
City of Melbourne to release 55.8 (+/¥)
acres at the Melbourne Orlando
International Airport, Melbourne, FL
from the conditions, reservations, and

SUMMARY:

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restrictions as contained in a Quitclaim
Deed agreement between the FAA and
the City of Melbourne, dated April 20,
1948. The release of property will allow
the City of Melbourne to dispose of the
property for non-aeronautical purposes.
Comments are due on or before
March 31, 2025.

DATES:

Documents are available for
review at the Melbourne Orlando
International Airport, One Airport
Terminal Parkway, Melbourne, FL
32901–1864, and the FAA Airports
District Office, 8427 SouthPark Circle,
Suite 524, Orlando, FL 32819. Written
comments on the Sponsor’s request
must be delivered or mailed to: Marisol
Elliott, Community Planner, Orlando
Airports District Office, 8427 SouthPark
Circle, Suite 524, Orlando, FL 32819.

ADDRESSES:

FOR FURTHER INFORMATION CONTACT:

Marisol Elliott, Community Planner,
Orlando Airports District Office, 8427
SouthPark Circle, Suite 524, Orlando,
FL 32819, (407) 487–7231.
The
property is located on the southeast
corner of West Nasa Boulevard and
Broadband Drive and on the north side
of West Hibiscus Boulevard in
Melbourne, FL and is currently vacant
and is zoned as industrial. The
aniticipated use of the property will be
a mixed-use development including a
hotel and/or extended stay, commercial
retail shows, warehouse, storage
facilities, entertainment venues, and a
water feature that may allow
recreational swimming. The parcel is
currently depicted on the approved
Airport Layout Plan as a nonaeronautical land use. The property will
be released of its federal obligations
given the land is no longer required by
the City of Melbourne for airport
purposes. The property will be sold at
the Fair Market Value (FMV) which as
been determined to be $9,765,000.
Section 125 of The Wendell H. Ford
Aviation Investment and Reform Act for
the 21st Century (AIR–21) requires the
FAA to provide an opportunity for
public notice and comment prior to the
‘‘waiver’’ or ‘‘modification’’ of a
sponsor’s Federal obligation to use
certain airport land for non-aeronautical
purposes.

SUPPLEMENTARY INFORMATION:

Revision Date: August 23, 2022.
Juan C. Brown,
Manager, Orlando Airports District Office,
Southern Region.
[FR Doc. 2025–03265 Filed 2–27–25; 8:45 am]
BILLING CODE 4910–13–P

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