Federal Register 30-Day Notice

15184

Federal Register / Vol. 90, No. 66 / Tuesday, April 8, 2025 / Notices

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–CFE–2025–002. 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
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
10:00 a.m. and 3:00 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–CFE–2025–002, and
should be submitted on or before April
29, 2025.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.12
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2025–05964 Filed 4–7–25; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION

khammond on DSK9W7S144PROD with NOTICES

[OMB Control No. 3235–0596]

Submission for OMB Review;
Comment Request; Extension: Rule
204A–1
Upon Written Request, Copies Available
From: Securities and Exchange
Commission, Office of FOIA Services,
12 17

CFR 200.30–3(a)(73).

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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’’) has submitted to the
Office of Management and Budget a
request for extension of the previously
approved collection of information
discussed below.
The title for the collection of
information is ‘‘Rule 204A–1 (17 CFR
275.204A–1) under the Investment
Advisers Act of 1940.’’ (15 U.S.C. 80b1 et seq.) Rule 204A–1 (the ‘‘Code of
Ethics Rule’’) requires investment
advisers registered with the SEC to (i)
set forth standards of conduct expected
of advisory personnel (including
compliance with the federal securities
laws); (ii) safeguard material nonpublic
information about client transactions;
and (iii) require the adviser’s ‘‘access
persons’’ to report their personal
securities transactions, including
transactions in any mutual fund
managed by the adviser. The Code of
Ethics Rule requires access persons to
obtain the adviser’s approval before
investing in an initial public offering
(‘‘IPO’’) or private placement. The Code
of Ethics Rule also requires prompt
reporting, to the adviser’s chief
compliance officer or another person
designated in the code of ethics, of any
violations of the code. Finally, the Code
of Ethics Rule requires the adviser to
provide each supervised person with a
copy of the code of ethics and any
amendments, and require the
supervised persons to acknowledge, in
writing, their receipt of these copies.
The purposes of the information
collection requirements are to (i) ensure
that advisers maintain codes of ethics
applicable to their supervised persons;
(ii) provide advisers with information
about the personal securities
transactions of their access persons for
purposes of monitoring such
transactions; (iii) provide advisory
clients with information with which to
evaluate advisers’ codes of ethics; and
(iv) assist the Commission’s
examination staff in assessing the
adequacy of advisers’ codes of ethics
and assessing personal trading activity
by advisers’ supervised persons.
The respondents to this information
collection are investment advisers
registered with the Commission. The
Commission has estimated that
compliance with rule 204A–1 imposes a
burden of approximately 91 hours per
adviser annually based on an average
adviser having 63 access persons. Our
latest data indicate that there were

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15,987 advisers registered with the
Commission. Based on this figure, the
Commission estimates a total annual
burden of 1,449,221 hours for this
collection of information.
Rule 204A–1 does not require
recordkeeping or record retention. The
collection of information requirements
under the rule is mandatory. The
information collected pursuant to the
rule is not filed with the Commission,
but rather takes the form of
communications between advisers and
their supervised persons. Investment
advisers use the information collected to
control and assess the personal trading
activities of their supervised persons.
Responses to the reporting requirements
will be kept confidential to the extent
each investment adviser provides
confidentiality under its particular
practices and procedures.
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=202501-3235-022
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 May
9, 2025.
Dated: April 2, 2025.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2025–05987 Filed 4–7–25; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[OMB Control No. 3235–0212]

Submission for OMB Review;
Comment Request; Extension: Rule
12b–1
Upon Written Request, Copies Available
From: Securities and Exchange

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