Federal Register 30 Day Notice

20250905_3235-0522_2025-17030_90 FR 42991_30-Day Submission Notice.pdf.pdf

Rule 701-Exemption for offers and sales of securities pursuant to certain compensatory benefit plans and contracts relating to compensation

Federal Register 30 Day Notice

OMB: 3235-0522

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Federal Register / Vol. 90, No. 170 / Friday, September 5, 2025 / Notices
8. Docket No(s).: MC2025–1656 and
K2025–1647; Filing Title: USPS Request
to Add Priority Mail & USPS Ground
Advantage Contract 835 to the
Competitive Product List and Notice of
Filing Materials Under Seal; Filing
Acceptance Date: August 28, 2025;
Filing Authority: 39 U.S.C. 3642, 39 CFR
3035.105, and 39 CFR 3041.310; Public
Representative: Elsie Lee-Robbins;
Comments Due: September 9, 2025.
9. Docket No(s).: MC2025–1658 and
K2025–1649; Filing Title: USPS Request
to Add Priority Mail & USPS Ground
Advantage Contract 837 to the
Competitive Product List and Notice of
Filing Materials Under Seal; Filing
Acceptance Date: August 29, 2025;
Filing Authority: 39 U.S.C. 3642, 39 CFR
3035.105, and 39 CFR 3041.310; Public
Representative: Jennaca Upperman;
Comments Due: September 9, 2025.
III. Summary Proceeding(s)
1. Docket No(s).: MC2025–1657 and
K2025–1648; Filing Title: USPS Request
to Add New Fulfillment Standardized
Distinct Product, PM–GA Contract 836,
and Notice of Filing Materials Under
Seal; Filing Acceptance Date: August 29,
2025; Filing Authority: 39 U.S.C. 3642
and 3633, 39 CFR 3035.105, and 39 CFR
3041.325.
2. Docket No(s).: MC2025–1660 and
K2025–1651; Filing Title: USPS Request
to Add New Fulfillment Standardized
Distinct Product, PM–GA Contract 838,
and Notice of Filing Materials Under
Seal; Filing Acceptance Date: August 29,
2025; Filing Authority: 39 U.S.C. 3642
and 3633, 39 CFR 3035.105, and 39 CFR
3041.325.
This Notice will be published in the
Federal Register.
Erica A. Barker,
Secretary.
[FR Doc. 2025–16987 Filed 9–4–25; 8:45 am]
BILLING CODE 7710–FW–P

SECURITIES AND EXCHANGE
COMMISSION

lotter on DSK11XQN23PROD with NOTICES1

[OMB Control No. 3235–0522]

Agency Information Collection
Activities; Submission for OMB
Review; Comment Request; Extension:
Rule 701—Exemption for Offers and
Sales of Securities Pursuant to Certain
Compensatory Benefit Plans and
Contracts Relating to Compensation
Upon Written Request, Copies Available
From: Securities and Exchange
Commission, Office of FOIA Services,
100 F Street NE, Washington, DC
20549–2736

VerDate Sep<11>2014

18:48 Sep 04, 2025

Jkt 265001

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’’) this request for extension of
the previously approved collection of
information discussed below.
Rule 701 (17 CFR 230.701) under the
Securities Act of 1933 (‘‘Securities Act’’)
(15 U.S.C. 77a et seq.) provides an
exemption for certain issuers from the
registration requirements of the
Securities Act for limited offerings and
sales of securities issued under
compensatory benefit plans or contracts.
The purpose of Rule 701 is to enable
issuers that are not reporting companies
under the Securities Exchange Act of
1934 to compensate employees and
others without registering an offer and
sale of securities under the Securities
Act, while requiring issuers, as a
condition of reliance on the rule, to
provide investors with certain
information that is important to
investment decision making.
Information provided under Rule 701 is
mandatory for an issuer to be able to
rely on the registration exemption under
Rule 701. We estimate that
approximately 3,725 issuers annually
rely on the Rule 701 exemption and that
it takes approximately two hours to
prepare each response. We estimate that
25% of the 2 hours per response (0.5
hours) is prepared by the issuer for a
total annual burden of 1,863 hours (0.5
hours per response × 3,725 responses
annually). We estimate that 75% of the
two hours per response (1.5 hours) is
carried by outside professionals retained
by the issuer at an estimated cost of
$600 per hour, for a total annual cost
burden of $3,352,500 (1.5 hours per
response × $600 per hour × 3,725
responses annually).
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.
The public may view and comment
on this information collection request
at: https://www.reginfo.gov/public/do/
PRAViewICR?ref_nbr=202505-3235-019
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
October 6, 2025.
Dated: September 3, 2025.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2025–17030 Filed 9–4–25; 8:45 am]
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42991

SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–103824; File No. SR–
CboeBZX–2025–072]

Self-Regulatory Organizations; Cboe
BZX Exchange, Inc.; Order Instituting
Proceedings To Determine Whether To
Approve or Disapprove a Proposed
Rule Change To Exempt Closed-End
Management Investment Companies
Registered Under the Investment
Company Act of 1940 That Are Listed
as of or After May 20, 2025 From the
Annual Meeting of Shareholders
Requirement Set Forth in Exchange
Rule 14.10(f)
September 2, 2025.

I. Introduction
On May 20, 2025, Cboe BZX
Exchange, Inc. (‘‘BZX’’ or ‘‘Exchange’’)
filed with the Securities and Exchange
Commission (‘‘Commission’’), pursuant
to Section 19(b)(1) of the Securities
Exchange Act of 1934 (‘‘Exchange
Act’’) 1 and Rule 19b–4 thereunder,2 a
proposed rule change to exempt closedend management investment companies
registered under the Investment
Company Act of 1940 (‘‘1940 Act’’) 3
that are listed as of or after May 20, 2025
from the annual meeting of shareholders
requirement set forth in Exchange Rule
14.10(f). The proposed rule change was
published for comment in the Federal
Register on June 6, 2025.4
On July 14, 2025, pursuant to Section
19(b)(2) of the Exchange Act,5 the
Commission designated a longer period
within which to approve the proposed
rule change, disapprove the proposed
rule change, or institute proceedings to
determine whether to disapprove the
proposed rule change.6 The Commission
is instituting proceedings pursuant to
Section 19(b)(2)(B) of the Exchange Act 7
to determine whether to approve or
disapprove the proposed rule change.
II. Description of the Proposed Rule
Change
BZX Rule 14.8 (General Listing
Requirements—Tier I) sets forth listing
1 15

U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 15 U.S.C. 80a–1 et seq.
4 See Securities Exchange Act Release No. 103166
(June 2, 2025), 90 FR 24172 (‘‘Notice’’). Comments
on the proposed rule change are available at:
https://www.sec.gov/comments/sr-cboebzx-2025072/srcboebzx2025072.htm.
5 15 U.S.C. 78s(b)(2).
6 See Securities Exchange Act Release No.
103452, 90 FR 33449 (July 17, 2025). The
Commission designated September 4, 2025, as the
date by which the Commission shall approve or
disapprove, or institute proceedings to determine
whether to disapprove, the proposed rule change.
7 15 U.S.C. 78s(b)(2)(B).
2 17

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