30 Day Notice

Federal Register / Vol. 85, No. 217 / Monday, November 9, 2020 / Notices
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. All comments
received will be posted without change.
Persons submitting comments are
cautioned that we do not redact or edit
personal identifying information from
comment submissions. You should
submit only information that you wish
to make available publicly. All
submissions should refer to File
Number SR–NYSEArca–2020–94, and
should be submitted on or before
November 30, 2020.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.27
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020–24786 Filed 11–6–20; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–90327; File No. SR–
NYSEAMER–2020–66]

Self-Regulatory Organizations; NYSE
American, LLC; Notice of Designation
of a Longer Period for Commission
Action on a Proposed Rule Change To
Amend the Exchange’s Co-Location
Services To Establish Procedures for
the Allocation of Cabinets to Its CoLocated Users

thereunder,2 a proposed rule change to
establish procedures as part of the
Exchange’s co-location rules to allocate
cabinets to its co-located users in
situations where the Exchange cannot
satisfy the user demand for cabinets.
The proposed rule change was
published for comment in the Federal
Register on September 21, 2020.3 The
Commission received no comments on
the proposed rule change.
Section 19(b)(2) of the Act 4 provides
that within 45 days of the publication of
notice of the filing of a proposed rule
change, or within such longer period up
to 90 days as the Commission may
designate if it finds such longer period
to be appropriate and publishes its
reasons for so finding, or as to which the
self-regulatory organization consents,
the Commission shall either approve the
proposed rule change, disapprove the
proposed rule change, or institute
proceedings to determine whether the
proposed rule change should be
disapproved. The 45th day after
publication of the notice for this
proposed rule change is November 5,
2020. The Commission is extending this
45-day time period.
The Commission finds it appropriate
to designate a longer period within
which to take action on the proposed
rule change so that it has sufficient time
to consider the proposed rule change.
Accordingly, the Commission, pursuant
to Section 19(b)(2) of the Act,5
designates December 20, 2020, as the
date by which the Commission shall
either approve or disapprove, or
institute proceedings to determine
whether to disapprove, the proposed
rule change (File No. SR–NYSEAMER–
2020–66).
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.6
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020–24789 Filed 11–6–20; 8:45 am]
BILLING CODE 8011–01–P

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November 3, 2020.

On September 2, 2020, NYSE
American, LLC (‘‘NYSE American’’ or
‘‘Exchange’’) filed with the Securities
and Exchange Commission
(‘‘Commission’’), pursuant to Section
19(b)(1) of the Securities Exchange Act
of 1934 (‘‘Act’’) 1 and Rule 19b–4
27 17
1 15

CFR 200.30–3(a)(12).
U.S.C. 78s(b)(1).

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2 17

CFR 240.19b–4.
Securities Exchange Act Release No. 89880
(September 15, 2020), 85 FR 59365 (SR–
NYSEAMER–2020–66).
4 15 U.S.C. 78s(b)(2).
5 Id.
6 17 CFR 200.30–3(a)(31).
3 See

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71373

SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–146, OMB Control No.
3235–0134]

Proposed Collection; Comment
Request
Upon Written Request, Copies Available
From: U.S. Securities and Exchange
Commission, Office of FOIA Services,
100 F St NE, Washington, DC 20549–
2736
Extension:
Rule 15c1–7

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’’) is soliciting comments
on the existing collection of information
provided for in Rule 15c1–7 (17 CFR
240.15c1–7) under the Securities
Exchange Act of 1934 (15 U.S.C. 78a et
seq.) (‘‘Exchange Act’’). The
Commission plans to submit this
existing collection of information to the
Office of Management and Budget
(‘‘OMB’’) for extension and approval.
Rule 15c1–7 states that any act of a
broker-dealer designed to effect
securities transactions with or for a
customer account over which the
broker-dealer (directly or through an
agent or employee) has discretion will
be considered a fraudulent,
manipulative, or deceptive practice
under the federal securities laws, unless
a record is made of the transaction
immediately by the broker-dealer. The
record must include (a) the name of the
customer, (b) the name, amount, and
price of the security, and (c) the date
and time when such transaction took
place.
The Commission estimates that 362
respondents collect information related
to approximately 400,000 transactions
annually under Rule 15c1–7 and that
each respondent would spend
approximately 5 minutes on the
collection of information for each
transaction, for approximately 33,333
aggregate hours per year (approximately
92.1 hours per respondent).
Written comments are invited on: (a)
Whether the proposed collection of
information is necessary for the proper
performance of the functions of the
Commission, including whether the
information shall have practical utility;
(b) the accuracy of the Commission’s
estimates of the burden of the proposed
collection of information; (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

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Federal Register / Vol. 85, No. 217 / Monday, November 9, 2020 / Notices

respondents, including through the use
of automated collection techniques or
other forms of information technology.
Consideration will be given to
comments and suggestions submitted in
writing within 60 days of this
publication.
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.
Please direct your written comments
to: David Bottom, Director/Chief
Information Officer, Securities and
Exchange Commission, c/o Cynthia
Roscoe, 100 F Street NE, Washington,
DC 20549, or send an email to: PRA_
Mailbox@sec.gov.
Dated: November 3, 2020.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020–24843 Filed 11–6–20; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–381, OMB Control No.
3235–0434]

Submission for OMB Review;
Comment Request
Upon Written Request, Copies Available
From: U.S. Securities and Exchange
Commission, Office of FOIA Services,
100 F Street NE, Washington, DC
20549–2736

khammond on DSKJM1Z7X2PROD with NOTICES

Extension:
Rule 15g–2

Notice is hereby given that pursuant
to the Paperwork Reduction Act of 1995
(44 U.S.C. 3501 et seq.) (‘‘PRA’’), the
Securities and Exchange Commission
(‘‘Commission’’) has submitted to the
Office of Management and Budget
(‘‘OMB’’) a request for extension of the
previously approved collection of
information provided for in Rule 15g–2
(17 CFR 240.15g–2) under the Securities
Exchange Act of 1934 (15 U.S.C. 78a et
seq.) (‘‘Exchange Act’’). Rule 15g–2 (The
‘‘Penny Stock Disclosure Rule’’) requires
broker-dealers to provide their
customers with a risk disclosure
document, as set forth in Schedule 15G,
prior to their first non-exempt
transaction in a ‘‘penny stock.’’ As
amended, the rule requires brokerdealers to obtain written
acknowledgement from the customer
that he or she has received the required
risk disclosure document. The amended
rule also requires broker-dealers to
maintain a copy of the customer’s
written acknowledgement for at least
three years following the date on which

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the risk disclosure document was
provided to the customer, the first two
years in an accessible place. Rule 15g–
2 also requires a broker-dealer, upon
request of a customer, to furnish the
customer with a copy of certain
information set forth on the
Commission’s website.
The risk disclosure documents are for
the benefit of the customers, to assure
that they are aware of the risks of
trading in ‘‘penny stocks’’ before they
enter into a transaction. The risk
disclosure documents are maintained by
the broker-dealers and may be reviewed
during the course of an examination by
the Commission.
The Commission estimates that
approximately 182 broker-dealers are
engaged in penny stock transactions and
that each of these firms processes an
average of three new customers for
penny stocks per week. The
Commission further estimates that half
of the broker-dealers send the penny
stock disclosure documents by mail,
and the other half send them through
electronic means such as email. Because
the Commission estimates the copying
and mailing of the penny stock
disclosure document takes two minutes,
this means that there is an annual
burden of 28,392 minutes, or 473 hours,
for this third-party disclosure burden of
mailing documents. Additionally,
because the Commission estimates that
sending the penny stock disclosure
document electronically takes one
minute, the annual burden is 14,196
minutes, or 237 hours, for this thirdparty disclosure burden of emailing
documents.
Broker-dealers also incur a
recordkeeping burden of approximately
two minutes per response when filing
the completed penny stock disclosure
documents as required pursuant to the
Rule 15g–2(c), which means that the
respondents incur an aggregate
recordkeeping burden of 56,784
minutes, or 946 hours.
Furthermore, Rule 15g–2(d) requires a
broker-dealer, upon request of a
customer, to furnish the customer with
a copy of certain information set forth
on the Commission’s website, which
takes a respondent no more than two
minutes per customer. Because the
Commission estimates that a quarter of
customers who are required to receive
the Rule 15g–2 disclosure document
will request that their broker-dealer
provide them with the additional
microcap and penny stock information
posted on the Commission’s website,
the Commission therefore estimates that
each broker-dealer respondent processes
approximately 39 requests for paper
copies of this information per year or an

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aggregate total of 78 minutes per
respondent, which amounts to an
annual burden of 14,196 minutes, or 237
hours.
The Commission does not maintain
the risk disclosure document. Instead, it
must be retained by the broker-dealer
for at least three years following the date
on which the risk disclosure document
was provided to the customer, the first
two years in an accessible place. The
collection of information required by
the rule is mandatory. The risk
disclosure document is otherwise
governed by the internal policies of the
broker-dealer regarding confidentiality,
etc.
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.
The public may view background
documentation for this information
collection at the following website:
www.reginfo.gov. Find this particular
information collection by selecting
‘‘Currently under 30-day Review—Open
for Public Comments’’ or by using the
search function. Written comments and
recommendations for the proposed
information collection should be sent
within 30 days of publication of this
notice to (i) MBX.OMB.OIRA.SEC_desk_
officer@omb.eop.gov and (ii) David
Bottom, Director/Chief Information
Officer, Securities and Exchange
Commission, c/o Cynthia Roscoe, 100 F
Street NE, Washington, DC 20549, or by
sending an email to: PRA_Mailbox@
sec.gov.
Dated: November 4, 2020.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020–24839 Filed 11–6–20; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–90322; File No. SR–FICC–
2020–012]

Self-Regulatory Organizations; Fixed
Income Clearing Corporation; Notice of
Filing and Immediate Effectiveness of
a Proposed Rule Change To Amend
the Government Securities Division
Rulebook To Clarify Which Funds-Only
Settlement Payments and Underlying
Marks Are Applicable to Certain
Transactions, and Make Other
Changes
November 3, 2020.

Pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934

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