30 Day Notice

3235-0600.pdf

Order Protection Rule - Rule 611 of Regulation NMS

30 Day Notice

OMB: 3235-0600

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44180

Federal Register / Vol. 88, No. 131 / Tuesday, July 11, 2023 / Notices

interest. The Exchange has asked the
Commission to waive the 30-day
operative delay so that the proposal may
become operative immediately upon
filing. The Commission believes that
waiver of the 30-day operative delay is
consistent with the protection of
investors and the public interest
because the proposal does not raise any
new or novel issues.32 Accordingly, the
Commission hereby waives the 30-day
operative delay and designates the
proposal operative upon filing.33
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) 34 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:

ddrumheller on DSK120RN23PROD with NOTICES1

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–2023–46 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.
All submissions should refer to file
number SR–NYSEARCA–2023–46. 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
submission, all subsequent
32 See

supra, notes 7 and 10.
purposes only of waiving the 30-day
operative delay, the Commission has considered the
proposed rule’s impact on efficiency, competition,
and capital formation. See 15 U.S.C. 78c(f).
34 15 U.S.C. 78s(b)(2)(B).
33 For

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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
a.m. and 3 p.m. Copies of the filing also
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–2023–46 and should be
submitted on or before August 1, 2023.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.35
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023–14525 Filed 7–10–23; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–540, OMB Control No.
3235–0600]

Submission for OMB Review;
Comment Request; Extension: Rule
611
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
(‘‘PRA’’) (44 U.S.C. 3501 et seq.), the
Securities and Exchange Commission
(‘‘Commission’’) has submitted to the
Office of Management and Budget
(‘‘OMB’’) a request for approval of
extension of the previously approved
collection of information provided for in
Rule 611 (17 CFR 242.611) under the
Securities Exchange Act of 1934 (15
U.S.C. 78a et seq.) (‘‘Exchange Act’’).
On June 9, 2005, effective August 29,
2005 (see 70 FR 37496, June 29, 2005),

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35 17

CFR 200.30–3(a)(12).

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the Commission adopted Rule 611 of
Regulation NMS under the Exchange
Act to require any national securities
exchange, national securities
association, alternative trading system,
exchange market maker, over-thecounter market maker, and any other
broker-dealer that executes orders
internally by trading as principal or
crossing orders as agent, to establish,
maintain, and enforce written policies
and procedures reasonably designed to
prevent the execution of a transaction in
its market at a price that is inferior to
a bid or offer displayed in another
market at the time of execution (a
‘‘trade-though’’), absent an applicable
exception and, if relying on an
exception, that are reasonably designed
to assure compliance with the terms of
the exception. Without this collection of
information, respondents would not
have a means to enforce compliance
with the Commission’s intention to
prevent trade-throughs pursuant to the
rule.
There are approximately 235
respondents 1 per year that will require
an aggregate total of approximately
14,100 hours per year to comply with
this Rule. It is anticipated that each
respondent will continue to expend
approximately 60 hours annually: two
hours per month of internal legal time
and three hours per month of internal
compliance time to ensure that its
written policies and procedures are upto-date and remain in compliance with
Rule 611. The estimated cost for an inhouse attorney is $489 per hour and the
estimated cost for an assistant
compliance director in the securities
industry is $432 per hour. Therefore the
estimated total internal cost of
compliance for the annual hour burden
is as follows: [(2 legal hours × 12 months
× $489) × 235] + [(3 compliance hours
× 12 months × $432) × 235] =
$6,412,680.2
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.
1 This estimate includes 16 national securities
exchanges that are equity securities exchanges. The
estimate also includes an estimated 187 firms that
are over-the-counter market makers or exchange
market makers, as well as an estimated 32
alternative trading systems that trade NMS stocks.
2 The total cost of compliance for the annual hour
burden has been revised to reflect updated
estimated cost figures for an in-house attorney and
an assistant compliance director. These figures are
from SIFMA’s Management & Professional Earnings
in the Securities Industry 2017, modified by
Commission staff for an 1800-hour work-year and
multiplied by 5.35 to account for bonuses, firm size,
employee benefits, and overhead, and then adjusted
for inflation.

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Federal Register / Vol. 88, No. 131 / Tuesday, July 11, 2023 / Notices
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 by
August 10, 2023 to (i) www.reginfo.gov/
public/do/PRAMain and (ii) David
Bottom, Director/Chief Information
Officer, Securities and Exchange
Commission, c/o John Pezzullo, 100 F
Street NE, Washington, DC 20549, or by
sending an email to: PRA_Mailbox@
sec.gov.
Dated: July 5, 2023.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023–14515 Filed 7–10–23; 8:45 am]
BILLING CODE 8011–01–P

SMALL BUSINESS ADMINISTRATION
[Disaster Declaration #17986 and #17987;
OKLAHOMA Disaster Number OK–00170]

Administrative Declaration of a
Disaster for the State of Oklahoma
U.S. Small Business
Administration.
ACTION: Notice.
AGENCY:

This is a notice of an
Administrative declaration of a disaster
for the State of Oklahoma dated 07/03/
2023.
Incident: Severe Storms, Straight-line
Winds, Tornadoes and Flooding.
Incident Period: 06/14/2023 through
06/18/2023.
DATES: Issued on 07/03/2023.
Physical Loan Application Deadline
Date: 09/01/2023.
Economic Injury (EIDL) Loan
Application Deadline Date: 04/03/2024.
ADDRESSES: Submit completed loan
applications to: U.S. Small Business
Administration, Processing and
Disbursement Center, 14925 Kingsport
Road, Fort Worth, TX 76155.
FOR FURTHER INFORMATION CONTACT: A.
Escobar, Office of Disaster Recovery &
Resilience, U.S. Small Business
Administration, 409 3rd Street SW,
Suite 6050, Washington, DC 20416,
(202) 205–6734.
SUPPLEMENTARY INFORMATION: Notice is
hereby given that as a result of the
Administrator’s disaster declaration,
applications for disaster loans may be
filed at the address listed above or other
locally announced locations.

ddrumheller on DSK120RN23PROD with NOTICES1

SUMMARY:

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The following areas have been
determined to be adversely affected by
the disaster:
Primary Counties: Comanche, Tulsa
Contiguous Counties:
Oklahoma: Caddo, Cotton, Creek,
Grady, Kiowa, Okmulgee, Osage,
Pawnee, Rogers, Stephens, Tillman,
Wagoner, Washington.
The Interest Rates are:
Percent
For Physical Damage:
Homeowners with Credit Available Elsewhere ......................
Homeowners without Credit
Available Elsewhere ..............
Businesses with Credit Available Elsewhere ......................
Businesses
without
Credit
Available Elsewhere ..............
Non-Profit Organizations with
Credit Available Elsewhere ...
Non-Profit Organizations without Credit Available Elsewhere .....................................
For Economic Injury:
Businesses & Small Agricultural
Cooperatives without Credit
Available Elsewhere ..............
Non-Profit Organizations without Credit Available Elsewhere .....................................

5.000
2.500
8.000
4.000
2.375
2.375

4.000
2.375

The number assigned to this disaster
for physical damage is 17986 C and for
economic injury is 17987 0.
The State which received an EIDL
Declaration # is Oklahoma.
(Catalog of Federal Domestic Assistance
Number 59008)
Isabella Guzman,
Administrator.
[FR Doc. 2023–14592 Filed 7–10–23; 8:45 am]
BILLING CODE 8026–09–P

SMALL BUSINESS ADMINISTRATION
[Disaster Declaration #17983; ILLINOIS
Disaster Number IL–00080 Declaration of
Economic Injury]

Administrative Declaration of an
Economic Injury Disaster for the State
of Illinois
U.S. Small Business
Administration.
ACTION: Notice.
AGENCY:

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Submit completed loan
applications to: U.S. Small Business
Administration, Processing and
Disbursement Center, 14925 Kingsport
Road, Fort Worth, TX 76155.
FOR FURTHER INFORMATION CONTACT: A.
Escobar, Office of Disaster Recovery &
Resilience, U.S. Small Business
Administration, 409 3rd Street, SW,
Suite 6050, Washington, DC 20416,
(202) 205–6734.
SUPPLEMENTARY INFORMATION: Notice is
hereby given that as a result of the
Administrator’s EIDL declaration,
applications for economic injury
disaster loans may be filed at the
address listed above or other locally
announced locations.
The following areas have been
determined to be adversely affected by
the disaster:
Primary Counties: Boone, DuPage, Lee,
Sangamon.
Contiguous Counties:
Illinois: Bureau, Cass, Christian, Cook,
Dekalb, Kane, Kendall, La Salle,
Logan, Macon, Macoupin,
McHenry, Menard, Montgomery,
Morgan, Ogle, Whiteside, Will,
Winnebago.
Wisconsin: Rock, Walworth.
The Interest Rates are:
ADDRESSES:

Percent
Businesses and Small Agricultural
Cooperatives without Credit
Available Elsewhere ..................
Non-Profit Organizations without
Credit Available Elsewhere .......

4.000
2.375

The number assigned to this disaster
for economic injury is 179830.
The States which received an EIDL
Declaration #17983 are Illinois,
Wisconsin.
(Catalog of Federal Domestic Assistance
Number 59008)
Isabella Guzman,
Administrator.
[FR Doc. 2023–14595 Filed 7–10–23; 8:45 am]
BILLING CODE 8026–09–P

SMALL BUSINESS ADMINISTRATION
[Disaster Declaration #17984 and #17985;
TEXAS Disaster Number TX–00659]

This is a notice of an
Economic Injury Disaster Loan (EIDL)
declaration for the State of Illinois dated
07/03/2023.
Incident: Severe Storms.
Incident Period: 03/31/2023.
DATES: Issued on 07/03/2023.
Economic Injury (EIDL) Loan
Application Deadline Date: 04/03/2024.
SUMMARY:

44181

Administrative Declaration of a
Disaster for the State of Texas
U.S. Small Business
Administration.
ACTION: Notice.
AGENCY:

This is a notice of an
Administrative declaration of a disaster
for the State of TEXAS dated 07/03/
2023.

SUMMARY:

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