60 Day Notice

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Federal Register / Vol. 85, No. 138 / Friday, July 17, 2020 / Notices

proposes to delete references in the Fee
Schedule to the ‘‘Penny Pilot’’ replace
those references throughout the Fee
Schedule with ‘‘Penny Program.’’ The
Penny Program is set to become
operative on July 1, 2020. The proposed
changes would be to references to
‘‘Penny Pilot’’ in Section 1)b) of the Fee
Schedule. The Exchange does not
propose to amend or change any of its
fees. The purpose of these changes is to
provide uniformity between the
Exchange’s rules and the Fee Schedule.
The proposed changes to the Fee
Schedule would become operative on
July 1, 2020, upon the expiration of the
Penny Pilot, in accordance with the
Penny Program becoming operational.

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2. Statutory Basis
The Exchange believes the proposed
rule change is consistent with the Act
and the rules and regulations
thereunder applicable to the Exchange
and, in particular, the requirements of
Section 6(b) of the Act.4 Specifically,
the Exchange believes the proposed rule
change is consistent with the Section
6(b)(5) 5 requirements that the rules of
an exchange be designed to prevent
fraudulent and manipulative acts and
practices, to promote just and equitable
principles of trade, to foster cooperation
and coordination with persons engaged
in regulating, clearing, settling,
processing information with respect to,
and facilitating transactions in
securities, to remove impediments to
and perfect the mechanism of a free and
open market and a national market
system, and, in general, to protect
investors and the public interest.
Additionally, the Exchange believes the
proposed rule change is consistent with
the Section 6(b)(5) 6 requirement that
the rules of an exchange not be designed
to permit unfair discrimination between
customers, issuers, brokers, or dealers.
The Exchange believes the proposed
changes promote just and equitable
principles of trade and remove
impediments to and perfect the
mechanism of a free and open market
and a national market system because
the proposed changes make clarifying,
non-substantive edits to the Fee
Schedule, and conform the Fee
Schedule to the Exchange’s rulebook.
The Exchange believes that these
proposed changes will provide greater
clarity to Members and the public
regarding the Exchange’s Fee Schedule
and that it is in the public interest for
the Fee Schedule to be accurate and

concise so as to eliminate the potential
for confusion.
B. Self-Regulatory Organization’s
Statement on Burden on Competition
The Exchange does not believe that
the proposed rule change will result in
any burden on competition that is not
necessary or appropriate in furtherance
of the purposes of the Act. The
proposed rule change is not a
competitive filing but rather is designed
to remedy minor non-substantive issues
and provide added clarity to the Fee
Schedule in order to avoid potential
confusion on the part of market
participants. In addition, the Exchange
does not believe the proposal will
impose any burden on inter-market
competition as the proposal does not
address any competitive issues and is
intended to protect investors by
providing further transparency
regarding the Exchange’s Fee Schedule.
C. Self-Regulatory Organization’s
Statement on Comments on the
Proposed Rule Change Received From
Members, Participants, or Others
Written comments were neither
solicited nor received.
III. Date of Effectiveness of the
Proposed Rule Change and Timing for
Commission Action
The foregoing rule change has become
effective pursuant to Section
19(b)(3)(A)(ii) of the Act,7 and Rule
19b–4(f)(2) 8 thereunder. At any time
within 60 days of the filing of the
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 to determine
whether the proposed rule 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 (http://www.sec.gov/
rules/sro.shtml); or

4 15

U.S.C. 78f(b).
5 15 U.S.C. 78f(b)(5).
6 Id.

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8 17

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U.S.C. 78s(b)(3)(A)(ii).
CFR 240.19b–4(f)(2).

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• Send an email to rule-comments@
sec.gov. Please include File Number SR–
PEARL–2020–08 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–PEARL–2020–08. 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–PEARL–2020–08, and
should be submitted on or before
August 7, 2020.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.9
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020–15452 Filed 7–16–20; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
Proposed Collection; Comment
Request
Upon Written Request, Copies Available
From: Securities and Exchange
9 17

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CFR 200.30–3(a)(12).

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Federal Register / Vol. 85, No. 138 / Friday, July 17, 2020 / Notices
Commission, Office of FOIA Services,
100 F Street NE, Washington, DC
20549–2736

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Extension:
Rule 17f–2(e), SEC File No. 270–37, OMB
Control No. 3235–0031

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 17f–2(e) (17 CFR
240.17f–2(e)), under the Securities
Exchange Act of 1934 (15 U.S.C. 78a et
seq.). The Commission plans to submit
this existing collection of information to
the Office of Management and Budget
(‘‘OMB’’) for extension and approval.
Rule 17f–2(e) requires every member
of a national securities exchange,
broker, dealer, registered transfer agent,
and registered clearing agency (‘‘covered
entities’’) claiming an exemption from
the fingerprinting requirements of Rule
17f–2 to make and keep current a
statement entitled ‘‘Notice Pursuant to
Rule 17f–2’’ (‘‘Notice’’) containing the
information specified in paragraph (e)(1)
to support their claim of exemption.
Rule 17f–2(e) contains no filing
requirement. Instead, paragraph (e)(2)
requires covered entities to keep a copy
of the Notice in an easily accessible
place at the organization’s principal
office and at the office employing the
persons for whom exemptions are
claimed and to make the Notice
available upon request for inspection by
the Commission, appropriate regulatory
agency (if not the Commission) or other
designated examining authority. Notices
prepared pursuant to Rule 17f–2(e) must
be maintained for as long as the covered
entity claims an exemption from the
fingerprinting requirements of Rule 17f–
2. The recordkeeping requirement under
Rule 17f–2(e) assists the Commission
and other regulatory agencies with
ensuring compliance with Rule 17f–2.
We estimate that approximately 75
respondents will incur an average
burden of 30 minutes per year to
comply with this rule, which represents
the time it takes for a staff person at a
covered entity to properly document a
claimed exemption from the
fingerprinting requirements of Rule 17f–
2 in the required Notice and to properly
retain the Notice according to the
entity’s record retention policies and
procedures. The total annual burden for
all covered entities is approximately 38
hours (75 entities × .5 hours, rounded
up).
Written comments are invited on: (a)
Whether the proposed collection of
information is necessary for the proper

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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 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.
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: July 13, 2020.
J. Matthew DeLesDernier,
Assistant Secretary.
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
Sunshine Act Meetings
Notice is hereby given,
pursuant to the provisions of the
Government in the Sunshine Act, Public
Law 94–409, the Securities and
Exchange Commission will hold an
Open Meeting on Wednesday, July 22,
2020 at 10:00 a.m.
PLACE: The meeting will be held via
remote means and/or at the
Commission’s headquarters, 100 F
Street NE, Washington, DC 20549.
STATUS: This meeting will begin at 10:00
a.m. (ET) and will be open to the public
via audio webcast only on the
Commission’s website at www.sec.gov.
MATTERS TO BE CONSIDERED: The subject
matter of the Open Meeting will be the
Commission’s continued efforts to
enhance transparency, improve
disclosures, and increase confidence in
the proxy process. The specific matters
to be considered are:
1. Whether to adopt proxy rule
amendments to provide investors who
use proxy voting advice with more
transparent, accurate, and complete
information on which to make voting

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decisions, without imposing undue
costs or delays.
2. Whether to provide further
guidance to investment advisers
regarding how the fiduciary duty and
rule 206(4)-6 under the Investment
Advisers Act of 1940 relate to an
investment adviser’s proxy voting on
behalf of clients, through publication of
supplementary guidance to the
Commission Guidance Regarding Proxy
Voting Responsibilities of Investment
Advisers, Release No. IA–5325 (Aug. 21,
2019), 84 FR 47420 (Sept. 10, 2019).
CONTACT PERSON FOR MORE INFORMATION:
For further information and to ascertain
what, if any, matters have been added,
deleted or postponed, please contact
Vanessa A. Countryman, Office of the
Secretary, at (202) 551–5400.
Dated: July 15, 2020.
Vanessa A. Countryman,
Secretary.
[FR Doc. 2020–15588 Filed 7–15–20; 11:15 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
Sunshine Act Meetings

[FR Doc. 2020–15436 Filed 7–16–20; 8:45 am]

TIME AND DATE:

43625

2:00 p.m. on Wednesday,
July 22, 2020.
PLACE: The meeting will be held via
remote means and/or at the
Commission’s headquarters, 100 F
Street NE, Washington, DC 20549.
STATUS: This meeting will be closed to
the public.
MATTERS TO BE CONSIDERED:
Commissioners, Counsel to the
Commissioners, the Secretary to the
Commission, and recording secretaries
will attend the closed meeting. Certain
staff members who have an interest in
the matters also may be present.
In the event that the time, date, or
location of this meeting changes, an
announcement of the change, along with
the new time, date, and/or place of the
meeting will be posted on the
Commission’s website at https://
www.sec.gov.
The General Counsel of the
Commission, or his designee, has
certified that, in his opinion, one or
more of the exemptions set forth in 5
U.S.C. 552b(c)(3), (5), (6), (7), (8), 9(B)
and (10) and 17 CFR 200.402(a)(3),
(a)(5), (a)(6), (a)(7), (a)(8), (a)(9)(ii) and
(a)(10), permit consideration of the
scheduled matters at the closed meeting.
The subject matter of the closed
meeting will consist of the following
topic:
Institution and settlement of
injunctive actions;
TIME AND DATE:

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