Federal Register 60-Day Collection Notice

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Federal Register / Vol. 91, No. 127 / Monday, July 6, 2026 / Notices

khammond on DSK9W7S144PROD with NOTICES6

Broker Manual order flow and would
not disincentivize Market Maker activity
on the Trading Floor. Greater liquidity
benefits all market participants on the
Exchange and increased order flow
would increase opportunities for
execution of other trading interest. The
proposed changes would apply and be
available to all similarly situated market
participants that execute Manual
transactions on the Trading Floor, and,
accordingly, the proposed changes
would not impose a disparate burden on
competition among market participants
on the Exchange.
Intermarket Competition. The
Exchange operates in a highly
competitive market in which market
participants can readily favor one of the
other 18 competing options exchanges if
they deem the Exchange’s fee levels to
be excessive. In such an environment,
the Exchange must continually adjust its
fees to remain competitive with other
exchanges and to attract order flow to
the Exchange. Based on publicly
available information, and excluding
index-based options, no single exchange
has more than 16% of the market share
of executed volume of multiply-listed
equity and ETF options trades.20
Therefore, currently no exchange
possesses significant pricing power in
the execution of multiply-listed equity
and ETF options order flow. More
specifically, in May 2026, the Exchange
had 10.64% market share of executed
volume of multiply-listed equity and
ETF options trades.21
The Exchange believes that the
proposed rule change reflects this
competitive environment because it
modifies the Exchange’s fees in a
manner designed to continue to incent
participants on the Trading Floor to
direct trading interest to the Exchange,
to provide liquidity and to attract
additional order flow. To the extent that
Floor Brokers are encouraged to utilize
the Exchange as a primary trading venue
for all transactions, all Exchange market
participants stand to benefit from the
improved market quality and increased
opportunities for price improvement.
The Exchange notes that it operates in
a highly competitive market in which
market participants can readily favor
competing venues. In such an
20 The OCC publishes options and futures volume
in a variety of formats, including daily and monthly
volume by exchange, available here: https://
www.theocc.com/Market-Data/Market-DataReports/Volume-and-Open-Interest/MonthlyWeekly-Volume-Statistics.
21 Based on a compilation of OCC data for
monthly volume of equity-based options and
monthly volume of equity-based ETF options, see
id., the Exchange’s market share in equity-based
options increased from 11.66% for the month of
May 2025 to 10.64% for the month of May 2026.

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environment, the Exchange must
continually review, and consider
adjusting, its fees and credits to remain
competitive with other exchanges. For
the reasons described above, the
Exchange believes that the proposed
rule change reflects this competitive
environment.
C. Self-Regulatory Organization’s
Statement on Comments on the
Proposed Rule Change Received From
Members, Participants, or Others
No written comments were solicited
or received with respect to the proposed
rule change.
III. Date of Effectiveness of the
Proposed Rule Change and Timing for
Commission Action
The foregoing rule change is effective
upon filing pursuant to Section
19(b)(3)(A) 22 of the Act and
subparagraph (f)(2) of Rule 19b–4 23
thereunder, because it establishes a due,
fee, or other charge imposed by the
Exchange.
At any time within 60 days of the
filing of such proposed rule change, the
Commission summarily may
temporarily suspend such rule change if
it appears to the Commission that such
action is necessary or appropriate in the
public interest, for the protection of
investors, or otherwise in furtherance of
the purposes of the Act. If the
Commission takes such action, the
Commission shall institute proceedings
under Section 19(b)(2)(B) 24 of the Act to
determine whether the proposed rule
change should be approved or
disapproved.
IV. Solicitation of Comments
Interested persons are invited to
submit written data, views and
arguments concerning the foregoing,
including whether the proposed rule
change is consistent with the Act.
Comments may be submitted by any of
the following methods:
Electronic Comments
• Use the Commission’s internet
comment form (https://www.sec.gov/
rules/sro.shtml); or
• Send an email to rule-comments@
sec.gov. Please include file number SR–
NYSEARCA–2026–70 on the subject
line.
Paper Comments
• Send paper comments in triplicate
to Secretary, Securities and Exchange
Commission, 100 F Street NE,
Washington, DC 20549–1090.

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22 15 U.S.C. 78s(b)(3)(A).

All submissions should refer to file
number SR–NYSEARCA–2026–70. 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 (https://www.sec.gov/
rules/sro.shtml). Copies of the filing 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–NYSEARCA–2026–70
and should be submitted on or before
July 27, 2026.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.25
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2026–13535 Filed 7–2–26; 8:45 am]
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[OMB Control No. 3235–0177]

Agency Information Collection
Activities; Proposed Collection;
Comment Request; Extension: Rule
6e-2 and Form N–6EI–1
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
(44 U.S.C. 3501 et seq.), the Securities
and Exchange Commission (‘‘SEC’’ or
‘‘Commission’’) is soliciting comments
on the proposed collection of
information.
Rule 6e–2 (17 CFR 270.6e–2) under
the Investment Company Act of 1940
(‘‘Act’’) (15 U.S.C. 80a) is an exemptive
rule that provides separate accounts
formed by life insurance companies to
fund certain variable life insurance
products, exemptions from certain
provisions of the Act, subject to
conditions set forth in the rule.
Rule 6e–2 provides a separate account
with an exemption from the registration
provisions of section 8(a) of the Act if
the account files with the Commission

23 17 CFR 240.19b–4(f)(2).
24 15 U.S.C. 78s(b)(2)(B).

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25 17 CFR 200.30–3(a)(12).

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Federal Register / Vol. 91, No. 127 / Monday, July 6, 2026 / Notices

Form N–6EI–1 (17 CFR 274.301), a
notification of claim of exemption.
The rule also exempts a separate
account from a number of other sections
of the Act, provided that the separate
account makes certain disclosure in its
registration statements (in the case of
those separate accounts that elect to
register), reports to contract holders,
proxy solicitations, and submissions to
state regulatory authorities, as
prescribed by the rule.
Since 2008, there have been no filings
of Form N–6EI–1 by separate accounts.
Therefore, there has been no cost or
burden to the industry since that time.
The Commission requests authorization
to maintain an inventory of one burden
hour for administrative purposes.
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 proposed collection of
information is necessary for the proper
performance of the functions of the SEC,
including whether the information will
have practical utility; (b) the accuracy of
the SEC’s estimate of the burden
imposed by the proposed collection of
information, including the validity of
the methodology and the assumptions
used; (c) ways to enhance the quality,
utility, and clarity of the information to
be collected; and (d) ways to minimize
the burden of the collection of
information on respondents, including
through the use of automated, electronic
collection techniques or other forms of
information technology.
Please direct your written comments
on this 60-Day Collection Notice to
Austin Gerig, Director/Chief Data
Officer, Securities and Exchange
Commission, c/o Tanya Ruttenberg via
email to PaperworkReductionAct@
sec.gov by September 4, 2026.

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khammond on DSK9W7S144PROD with NOTICES6

[Release No. 34–105814; File No. SR–
PEARL–2026–29]

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.

Self-Regulatory Organizations; MIAX
PEARL, LLC; Notice of Filing and
Immediate Effectiveness of a Proposed
Rule Change by To Amend the ByLaws To Establish the Role of
Observers
June 30, 2026.

Pursuant to the provisions of Section
19(b)(1) of the Securities Exchange Act
of 1934 (‘‘Act’’) 1 and Rule 19b–4
thereunder,2 notice is hereby given that
on June 26, 2026, MIAX PEARL, LLC
(‘‘MIAX Pearl’’ or the ‘‘Company’’),3
filed with the Securities and Exchange
Commission (‘‘Commission’’) a
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
The Company proposes to amend the
By-Laws to establish the role of
Observers (defined and described
below) to the Board 4, including, among
other things, the rights of Observers and
the nomination process. The Company
also proposes to remove outdated text
regarding the Equity Rights Programs
(‘‘ERPs’’) and initial committees. All
changes to the By-Laws proposed herein
are referred to as the ‘‘By-Law
Amendments’’. The By-Laws of the
Company may be amended by written
consent of the LLC Member 5 or at any
regular or special meeting of the Board
of MIAX PEARL by a resolution adopted
by the Board.6
The text of the proposed rule change
is available on the Exchange’s website at
https://www.miaxglobal.com/markets/
2 17 CFR 240.19b–4.

[FR Doc. 2026–13496 Filed 7–2–26; 8:45 am]

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us-options/pearl-options/rule-filings
and at MIAX Pearl’s principal office.

1 15 U.S.C. 78s(b)(1).

Dated: June 30, 2026.
Sherry R. Haywood,
Assistant Secretary.

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3 As used throughout the By-Laws of MIAX
PEARL, the term ‘‘Company’’ means MIAX PEARL,
LLC, a Delaware limited liability company. See ByLaws of MIAX PEARL, Article I, subparagraph (g)
(Effective Date of February 10, 2025), available at
https://www.miaxglobal.com/miax_pearl_
amended_and_restated_by_laws.pdf (referred to
herein as the ‘‘By-Laws’’).
4 The term ‘‘Board’’ or ‘‘Board of Directors’’
means the Board of Directors of the Company. See
By-Laws, Article I, subparagraph (c).
5 The term ‘‘LLC Member’’ means any person who
maintains a direct ownership interest in the
Company. The sole LLC Member of the Company
is Miami International Holdings, Inc. See By-Laws,
Article I, subparagraph (x).
6 See By-Laws, Article VIII, Section 8.1.

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A. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
1. Purpose
The Company proposes to amend the
By-Laws to establish a new role of
Observers 7 to the Board, including,
among other things, the rights of
Observers and the nomination process.
The Company believes that individuals
who are employed by, or otherwise
affiliated with, its Exchange Members 8
may provide valuable expertise and
knowledge to help the Company carry
out its business but may not be able, or
willing, to serve as a Board member for
one reason or another. Accordingly, the
Company believes that the proposed
Observer position may provide a
suitable alternative for these individuals
to serve the Company in a similar
manner to observer positions
established by the Company’s affiliates,
MIAX Emerald, LLC (‘‘MIAX Emerald’’)
and MIAX Sapphire, LLC (‘‘MIAX
Sapphire’’),9 and positions that at least
7 The Company notes that currently, the term
‘‘Observer’’ is defined as the meaning set forth in
Article II, Section 2.2 of the By-Laws. See By-Laws,
Article I, subparagraph (gg). Section 2.2(g) of the
By-Laws currently provides for ERP Observers
rights. As described herein, the Company proposes
to remove all references to ‘‘ERPs’’, including ERP
Observers as the ERPs are now expired. The
Company proposes to amend the defined term
‘‘Observer’’ to now describe the new Observer
position being created by this filing, which is in
line with the MIAX Emerald and MIAX Sapphire
Observer positions.
8 The term ‘‘Exchange Member’’ means any
registered broker or dealer that has been admitted
to membership in the national securities exchange
operated by the Company. An Exchange Member is
not a member of the Company by reason of being
an Exchange Member. An Exchange Member will
have the status of a ‘‘member’’ of the Exchange as
that term is defined in Section 3(a)(3) of the Act.
See By-Laws, Article I, subparagraph (p).
9 See, generally, MIAX Emerald By-Laws, Article
II, Section 2.21 and MIAX Sapphire By-Laws,
Article II, Section 2.21. See also Securities

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