60 Day Notice

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Federal Register / Vol. 85, No. 227 / Tuesday, November 24, 2020 / Notices

All submissions should refer to File
Number SR–MRX–2020–21. 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. 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–MRX–2020–21 and should
be submitted on or before December 15,
2020.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.25
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020–25898 Filed 11–23–20; 8:45 am]
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Proposed Collection; Comment
Request; Extension: Rule 30b2–1
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’’) is soliciting comments
on the collection of information
summarized below. The Commission
plans to submit the existing collection
of information to the Office of
25 17

CFR 200.30–3(a)(12).

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Management and Budget (‘‘OMB’’) for
extension and approval.
Rule 30b2–1 (17 CFR 270.30b2–1)
under the Investment Company Act of
1940 (15 U.S.C. 80a–1 et seq.) (the
‘‘Investment Company Act’’) requires a
registered management investment
company (‘‘fund’’) to (1) file a report
with the Commission on Form N–CSR
(17 CFR 249.331 and 274.128) not later
than 10 days after the transmission of
any report required to be transmitted to
shareholders under rule 30e–1 under
the Investment Company Act, and (2)
file with the Commission a copy of
every periodic or interim report or
similar communication containing
financial statements that is transmitted
by or on behalf of such fund to any class
of such fund’s security holders and that
is not required to be filed with the
Commission under (1) above, not later
than 10 days after the transmission to
security holders. The purpose of the
collection of information required by
rule 30b2–1 is to meet the disclosure
requirements of the Investment
Company Act and certification
requirements of the Sarbanes-Oxley Act
of 2002 (Pub. L. 107–204, 116 Stat. 745
(2002)), and to provide investors with
information necessary to evaluate an
interest in the fund.
The Commission estimates that there
are 2,207 funds, with a total of 11,977
portfolios, that are governed by the rule.
For purposes of this analysis, the
burden associated with the
requirements of rule 30b2–1 has been
included in the collection of
information requirements of rule 30e–1
(17 CFR 270.30e–1) and Form N–CSR,
rather than the rule. The Commission
has, however, requested a one hour
burden for administrative purposes.
The collection of information under
rule 30b2–1 is mandatory. The
information provided under rule 30b2–
1 is not kept confidential. 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
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 of 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

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technology. Consideration will be given
to comments and suggestions submitted
in writing within 60 days of this
publication.
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 18, 2020.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020–25897 Filed 11–23–20; 8:45 am]
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[SEC File No. 270–185, OMB Control No.
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Proposed Collection; Comment
Request
Extension:
Form N–6F

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’’) is soliciting comments
on the collection of information
summarized below. The Commission
plans to submit this existing collection
of information to the Office of
Management and Budget for extension
and approval.
The title for the collection of
information is ‘‘Form N–6F (17 CFR
274.15), Notice of Intent to Elect to be
Subject to Sections 55 through 65 of the
Investment Company Act of 1940.’’ The
purpose of Form N–6F is to notify the
Commission of a company’s intent to
file a notification of election to become
subject to Sections 55 through 65 of the
Investment Company Act of 1940 (15
U.S.C. 80a–1 et seq.) (‘‘1940 Act’’).
Certain companies may have to make a
filing with the Commission before they
are ready to elect to be regulated as a
business development company.1 A
company that is excluded from the
definition of ‘‘investment company’’ by
Section 3(c)(1) because it has fewer than
one hundred shareholders and is not
making a public offering of its securities
may lose such an exclusion solely
because it proposes to make a public
offering of securities as a business
development company. Such company,
1 A company might not be prepared to elect to be
subject to Sections 55 through 65 of the 1940 Act
because its capital structure or management
compensation plan is not yet in compliance with
the requirements of those sections.

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Federal Register / Vol. 85, No. 227 / Tuesday, November 24, 2020 / Notices
under certain conditions, would not
lose its exclusion if it notifies the
Commission on Form N–6F of its intent
to make an election to be regulated as
a business development company. The
company only has to file a Form N–6F
once.
The Commission estimates that on
average approximately 4 companies file
these notifications each year. Each of
those companies need only make a
single filing of Form N–6F. The
Commission further estimates that this
information collection imposes burden
of 0.5 hours, resulting in a total annual
PRA burden of 2 hours. Based on the
estimated wage rate, the total cost to the
industry of the hour burden for
complying with Form N–6F would be
approximately $736.
The collection of information under
Form N–6F is mandatory. The
information provided under the form is
not kept confidential. 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
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 of 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. Consideration will be given
to comments and suggestions submitted
in writing within 60 days of this
publication.
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.

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Dated: November 18, 2020.
J. Matthew DeLesDernier,
Assistant Secretary.

Self-Regulatory Organizations; Cboe
Exchange, Inc.; Notice of Filing of
Amendment No. 1 and Order Instituting
Proceedings to Determine Whether to
Approve or Disapprove a Proposed
Rule Change, as Modified by
Amendment No. 1, to Make Qualified
Contingent Cross Orders Available for
FLEX Option Trading
November 18, 2020.

On August 3, 2020, Cboe Exchange,
Inc. (the ‘‘Exchange’’ or ‘‘CBOE’’) 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 thereunder,2 a proposed rule
change to make Qualified Contingent
Cross Orders available for FLEX option
trading. The proposed rule change was
published for comment in the Federal
Register on August 20, 2020.3 On
October 1, 2020, the Commission
designated a longer period for
Commission action on the proposed rule
change, until November 18, 2020.4 On
October 23, 2020, the Exchange filed
Amendment No. 1 to the proposed rule
change, which replaced and superseded
the proposed rule change.5 The
Commission has not received any
comments on the proposal. The
Commission is publishing this notice
and order to solicit comments on the
proposed rule change, as modified by
Amendment No. 1, from interested
persons and to institute proceedings
pursuant to Section 19(b)(2)(B) of the
Act 6 to determine whether to approve
or disapprove the proposed rule change,
as modified by Amendment No. 1.
I. The Exchange’s Description of the
Proposed Rule Change, as Modified by
Amendment No. 1
The Exchange proposes to amend
Rule 5.70 and Rule 5.72, as well as Rule
5.33, to make Qualified Contingent
Cross (‘‘QCC’’) Orders available for
FLEX trading. The text of the proposed
rule change is provided in Exhibit 5.
The text of the proposed rule change
is also available on the Exchange’s
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 See Securities Exchange Act Release No. 89564
(August 14, 2020), 85 FR 51531.
4 See Securities Exchange Act Release No. 90062
(October 1, 2020), 85 FR 63312 (October 7, 2020).
5 Amendment No. 1 is available on the
Commission’s website at: https://www.sec.gov/
comments/sr-cboe-2020-075/srcboe20200757940531-224727.pdf.
6 15 U.S.C. 78s(b)(2)(B).
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website (http://www.cboe.com/
AboutCBOE/
CBOELegalRegulatoryHome.aspx), at
the Exchange’s Office of the Secretary,
and at the Commission’s Public
Reference Room.
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.
A. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
1. Purpose
The Exchange proposes to amend
Rule 5.70 and Rule 5.72, as well as Rule
5.33, to make QCC Orders, which
includes Complex QCC Orders and QCC
with Stock Orders, available for
electronic FLEX trading. Currently, QCC
Orders are available only for electronic
non-FLEX trading.
QCC Orders facilitate the execution of
option orders that are part of Qualified
Contingent Trades (‘‘QCTs’’),7 by
permitting Trading Permit Holders
(‘‘TPHs’’) to cross options orders
without exposure while effecting the
trade in the equities leg in another
market at a price necessary to achieve
the net price. Currently, TPHs may
choose to submit the options component
7 See Rule 5.6(c), definition of ‘‘Qualified
Contingent Cross or QCC’’, paragraph (1), which
defines a ‘‘qualified contingent trade’’ as a
transaction consisting of two or more component
orders, executed as agent or principal, where: (A)
At least one component is an NMS stock, as defined
in Rule 600 of Regulation NMS under the Exchange
Act; (B) all components are effected with a product
or price contingency that either has been agreed to
by all the respective counterparties or arranged for
by a broker-dealer as principal or agent; (C) the
execution of one component is contingent upon the
execution of all other components at or near the
same time; (D) the specific relationship between the
component orders (e.g., the spread between the
prices of the component orders) is determined by
the time the contingent order is placed; (E) the
component orders bear a derivative relationship to
one another, represent different classes of shares of
the same issuer, or involve the securities of
participants in mergers or with intentions to merge
that have been announced or cancelled; and (F) the
transaction is fully hedged (without regard to any
prior existing position) as a result of other
components of the contingent trade.

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