Federal Register 60-Day Collection Notice

Status: Original and derived artifacts are available for this document.

Download: pdf

Federal Register / Vol. 91, No. 130 / Thursday, July 9, 2026 / Notices
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–MX2–2026–03 and
should be submitted on or before July
30, 2026.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.16
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2026–13826 Filed 7–8–26; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[OMB Control No. 3235–0195]

lotter on DSK8BHNXB4PROD with NOTICES1

Agency Information Collection
Activities; Proposed Collection;
Comment Request; Extension: Rule
17Ab2–1 and Form CA–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 collection of information
provided for in Rule 17Ab2–1 (17 CFR
240.17Ab2–1) and Form CA–1:
Registration of Clearing Agencies (17
CFR 249b.200) under the Securities
Exchange Act of 1934 (‘‘Exchange Act’’)
(15 U.S.C. 78a et seq.).
Rule 17Ab2–1 and Form CA–1 require
clearing agencies to register with the
Commission and to meet certain
requirements with regard to, among
other things, the clearing agency’s
organization, capacities, and rules. The
information is collected from the
clearing agency upon the initial
application for registration on Form
CA–1. Thereafter, information is
collected by amendment to the initial
Form CA–1 when changes in
16 17 CFR 200.30–3(a)(12).

VerDate Sep<11>2014

18:10 Jul 08, 2026

Jkt 268001

circumstances that render certain
information on Form CA–1 inaccurate,
misleading, or incomplete necessitate
modification of the information
previously provided to the Commission.
The Commission uses the information
disclosed on Form CA–1 to: (1)
determine whether an applicant meets
the standards for registration set forth in
Section 17A of the Exchange Act, (2)
enforce compliance with the Exchange
Act’s registration requirement, and (3)
provide information about specific
registered clearing agencies for
compliance and investigatory purposes.
Without Rule 17Ab2–1, the Commission
could not perform these duties as
statutorily required.
The Commission staff estimates that
the Commission receives approximately
three new Form CA–1 applications, and
approximately ten amendments to
existing Forms CA–1, per year pursuant
to Rule 17Ab2–1. Recently, Commission
staff has seen an increase in the
complexity and length of Form CA–1
applications received, likely due to new
market developments such as cloud
computing, cybersecurity, sponsored
clearing, Distributed Ledger
Technology, and Treasury clearing
products. As such, the Commission staff
estimates that the Form CA–1 would
take approximately 651 hours to
complete and submit for approval, and
amending an existing Form CA–1 would
take approximately 60 hours to
complete and submit. Consequently, the
aggregate annual burden associated with
compliance with Rule 17Ab2–1 and
Form CA–1 is approximately 2553
hours.1
The Commission staff estimates that,
in order to complete a new Form CA–
1, 611 hours of a Lawyer’s time
(estimated at $744 per hour) 2 and 40
1 (651 burden hours per applicant × 3 applicants)
+ (60 hours per amendment × 10 amendments).
2 For purposes of calculating the dollar cost
burdens associated with applicants using Form CA–
1, the Commission relies on the Occupational
Employment and Wage Statistics (‘‘OEWS’’) from
the U.S. Bureau of Labor Statistics (‘‘BLS’’). See
Occupational Employment and Wage Classification,
U.S. Bureau of Labor Statistics, https://
www.bls.gov/oes/; see also Standard Occupational
Classification, U.S. Bureau of Labor Statistics,
https://www.bls.gov/soc/ (describing occupational
classification system used by BLS); Exec. Off. Of the
President, Off. Of Mgmt. & Budget, North American
Industrial Classification System (2022), available at
https://www.census.gov/naics/reference_files_tools/
2022_NAICS_Manual.pdf (describing the industry
adjusted for changes in the seasonally adjusted
employment cost index for private wages and
salaries between the data reference period and
when the data are released by BLS. See
Employment Cost Index, U.S. Bureau of Labor
Statistics, https://www.bls.gov/eci/. The adjusted
mean hourly wage is then multiplied by a factor
that accounts for nonwage costs borne by
employers, such as bonuses, benefits, and overhead.
This factor is calculated as an average over the 10

PO 00000

Frm 00182

Fmt 4703

Sfmt 4703

42587

hours of a Chief Executive’s time
(estimated at $999 per hour) would be
required, resulting in an internal cost of
compliance of approximately $494,544
for a new applicant.3 For an amendment
of an existing Form CA–1, the staff
estimates that 40 hours of a Lawyer’s
time and 20 hours of a Chief Executive’s
time would be required, resulting in an
internal cost of compliance of $49,740.4
Therefore, the total annualized internal
cost of compliance is estimated to be
approximately $1,981,032.5
The external costs associated with
work on Form CA–1 include fees
charged by outside lawyers and
accountants to assist the applicant or
registrant to collect and prepare the
information sought by the form (though
such consultations are not required by
the Commission). The staff estimates
that these external costs are more likely
when novel questions arise. Recently,
the staff has seen an increase in the
number of novel issues presented in
applications and amendments. The staff
estimates an annual external cost of 60
hours of an external Lawyer’s time
(estimated at $498 per hour) and 10
hours of an external Accountant’s time
(estimated at $241 per hour) for
preparation of a Form CA–1 application,
resulting in an external cost of $32,290
per year per applicant, with an aggregate
external cost of approximately $96,870
per year.6 The staff estimates an annual
external cost of 5 hours of an external
Lawyer’s time (estimated at $498 per
hour) for preparation of a Form CA–1
amendment, resulting in an external
cost of $2,490 per year per clearing
agency, with an aggregate external cost
of approximately $24,900 per year.7
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 the proposed collection of
information is necessary for the proper
most recently available years of data of the ratio of
the Bureau of Economic Analysis’s annual gross
output data for the North American Industry
Classification System (‘‘NAICS’’) number to total
annual wages across all occupations for the NAICS
number in the OEWS data.
3 (611 burden hours for a lawyer per applicant ×
$744 per hour) + (40 burden hours for a Chief
Executive per applicant × $999 per hour).
4 (40 burden hours for a lawyer per amendment
× $744 per hour) + (20 burden hours for a Chief
Executive per amendment × $999 per hour).
5 (3 respondents × $494,544 per application) + (10
respondents × $49,740 per amendment).
6 (60 burden hours for a lawyer per applicant ×
3 applications per year × $498 per hour) + (10
burden hours for an accountant per applicant × 3
applications per year × $241 per hour).
7 5 burden hours for a lawyer per amendment ×
10 amendments per year × $498 per hour.

E:\FR\FM\09JYN1.SGM

09JYN1

42588

Federal Register / Vol. 91, No. 130 / Thursday, July 9, 2026 / Notices

performance of the functions of the SEC,
including whether the information will
have practical utility; (b) the accuracy of
the SEC’s estimates 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 8, 2026.
Dated: July 6, 2026.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2026–13817 Filed 7–8–26; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[Investment Company Act Release No.
36239; File No. 812–16036]

Datum One Series Trust and Brandes
Investment Partners, L.P.
July 6, 2026.
AGENCY: Securities and Exchange

Commission (‘‘Commission’’ or ‘‘SEC’’).

lotter on DSK8BHNXB4PROD with NOTICES1

ACTION: Notice.

Notice of an application under section
6(c) of the Investment Company Act of
1940 (‘‘Act’’) for an exemption from
sections 2(a)(32), 5(a)(1), 18(f)(1), 18(i),
22(d) and 22(e) of the Act and rule
22c–1 under the Act and under sections
6(c) and 17(b) of the Act for an
exemption from sections 17(a)(1) and
17(a)(2) of the Act.
SUMMARY OF APPLICATION: Applicants
request an order (‘‘Order’’) that would
permit a registered open-end
management investment company to
offer one class of exchange-traded
shares that operates as an exchangetraded fund (an ‘‘ETF Class,’’ and such
shares, ‘‘ETF Shares’’) and one or more
classes of shares that are not exchangetraded (each such class, a ‘‘Mutual Fund
Class,’’ and such shares, ‘‘Mutual Fund
Shares,’’ and each such fund, a ‘‘MultiClass ETF Fund’’). The Order would
provide Multi-Class ETF Funds with
two broad categories of relief: (i) the
relief necessary to permit standard
exchange-traded fund (‘‘ETF’’)

VerDate Sep<11>2014

18:10 Jul 08, 2026

Jkt 268001

operations consistent with Rule 6c–11
under the Act (‘‘ETF Operational
Relief’’) and (ii) the relief necessary for
a fund to offer an ETF Class and one or
more Mutual Fund Classes (‘‘ETF Class
Relief’’).
APPLICANTS: Datum One Series Trust
and Brandes Investment Partners, L.P.
FILING DATES: The application was filed
on June 5, 2026.
HEARING OR NOTIFICATION OF HEARING: An
order granting the requested relief will
be issued unless the Commission orders
a hearing. Interested persons may
request a hearing on any application by
emailing the SEC’s Secretary at
[email protected] and serving
the Applicants with a copy of the
request by email, if an email address is
listed for the relevant Applicant below,
or personally or by mail, if a physical
address is listed for the relevant
Applicant below. The email should
include the file number referenced
above. Hearing requests should be
received by the Commission by 5:30
p.m., Eastern time, on July 31, 2026, and
should be accompanied by proof of
service on the Applicants, in the form
of an affidavit or, for lawyers, a
certificate of service. Pursuant to rule 0–
5 under the Act, hearing requests should
state the nature of the writer’s interest,
any facts bearing upon the desirability
of a hearing on the matter, the reason for
the request, and the issues contested.
Persons who wish to be notified of a
hearing may request notification by
emailing the Commission’s Secretary at
[email protected].
ADDRESSES: The Commission:
[email protected]. Applicants:
Barbara K. Nelligan, The Northern Trust
Company, 50 S LaSalle Street, Chicago,
Illinois 60603; Jessica Reece, Esq., Ropes
& Gray LLP, jessica.reece@
ropesgray.com, 800 Boylston Street,
Boston, Massachusetts 02199.
FOR FURTHER INFORMATION CONTACT:
Toyin Momoh, Senior Counsel, or
Thomas Ahmadifar, Branch Chief, at
(202) 551–6825 (Division of Investment
Management, Chief Counsel’s Office).
SUPPLEMENTARY INFORMATION: For
Applicants’ representations, legal
analysis, and conditions, please refer to
Applicants’ application, filed June 5,
2026, which may be obtained via the
Commission’s website by searching for
the file number at the top of this
document, or for an Applicant using the
Company name search field, on the
SEC’s EDGAR system.
The SEC’s EDGAR system may be
searched at https://www.sec.gov/searchfilings. You may also call the SEC’s
Office of Investor Education and
Assistance at (202) 551–8090.

PO 00000

Frm 00183

Fmt 4703

Sfmt 4703

For the Commission, by the Division of
Investment Management, under delegated
authority.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2026–13822 Filed 7–8–26; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[Investment Company Act Release No.
36240; File No. 812–16044]

Datum One Series Trust and First
Sentier Investors (US) LLC
July 6, 2026.
AGENCY: Securities and Exchange

Commission (‘‘Commission’’ or ‘‘SEC’’).
ACTION: Notice.

Notice of an application under section
6(c) of the Investment Company Act of
1940 (‘‘Act’’) for an exemption from
sections 2(a)(32), 5(a)(1), 18(f)(1), 18(i),
22(d) and 22(e) of the Act and rule 22c–
1 under the Act and under sections 6(c)
and 17(b) of the Act for an exemption
from sections 17(a)(1) and 17(a)(2) of the
Act.
SUMMARY OF APPLICATION: Applicants
request an order (‘‘Order’’) that would
permit a registered open-end
management investment company to
offer one class of exchange-traded
shares that operates as an exchangetraded fund (an ‘‘ETF Class,’’ and such
shares, ‘‘ETF Shares’’) and one or more
classes of shares that are not exchangetraded (each such class, a ‘‘Mutual Fund
Class,’’ and such shares, ‘‘Mutual Fund
Shares,’’ and each such fund, a ‘‘MultiClass ETF Fund’’). The Order would
provide Multi-Class ETF Funds with
two broad categories of relief: (i) the
relief necessary to permit standard
exchange-traded fund (‘‘ETF’’)
operations consistent with Rule 6c–11
under the Act (‘‘ETF Operational
Relief’’) and (ii) the relief necessary for
a fund to offer an ETF Class and one or
more Mutual Fund Classes (‘‘ETF Class
Relief’’).
APPLICANTS: Datum One Series Trust
and First Sentier Investors (US) LLC.
FILING DATES: The application was filed
on June 12, 2026.
HEARING OR NOTIFICATION OF HEARING: An
order granting the requested relief will
be issued unless the Commission orders
a hearing. Interested persons may
request a hearing on any application by
emailing the SEC’s Secretary at
[email protected] and serving
the Applicants with a copy of the
request by email, if an email address is
listed for the relevant Applicant below,

E:\FR\FM\09JYN1.SGM

09JYN1