60 Day Notice

58828

Federal Register / Vol. 89, No. 139 / Friday, July 19, 2024 / Notices

Parties decide to add a Nasdaq or BX
rule to the Certification that is not
substantially similar to a FINRA rule;
delete a Nasdaq or BX rule from the
Certification that is substantially similar
to a FINRA rule; or leave in the
Certification a Nasdaq or BX rule that is
no longer substantially similar to a
FINRA rule, then such a change would
constitute an amendment to the
Amended Plan, which must be filed
with the Commission pursuant to Rule
17d–2 under the Act.16
Under paragraph (c) of Rule 17d–2,
the Commission may, after appropriate
notice and comment, declare a plan, or
any part of a plan, effective. In this
instance, the Commission believes that
appropriate notice and comment can
take place after the proposed
amendment is effective. The primary
purpose of the Amended Plan is to: (i)
update the list of Common Rules; (ii)
add surveillance and investigation
coverage for certain Common Rules
specified in Exhibit 1 to the Amended
Plan; (iii) reflect that, for Router
Members, FINRA will retain regulatory
responsibility for Nasdaq and BX rules
that are not Common Rules; and (iv)
reflect that FINRA will not make
referrals to Nasdaq and BX for apparent
violations of any Nasdaq or BX Rules by
any Router Member. By declaring it
effective today, the Amended Plan can
become effective and be implemented
without undue delay. The Commission
notes that the prior version of this plan
immediately prior to this proposed
amendment was published for comment
and the Commission did not receive any
comments thereon.17 Furthermore, the
Commission does not believe that the
amendment to the plan raises any new
regulatory issues that the Commission
has not previously considered.
VI. Conclusion

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This order gives effect to the
Amended Plan filed with the
Commission in File No. 4–575. The
Parties shall notify all members affected
by the Amended Plan of their rights and
obligations under the Amended Plan.
It is therefore ordered, pursuant to
Section 17(d) of the Act, that the
Amended Plan in File No. 4–575,
between the FINRA, BX, and Nasdaq,
filed pursuant to Rule 17d–2 under the

Act, hereby is approved and declared
effective.
It is further ordered that BX and
Nasdaq are relieved of those
responsibilities allocated to FINRA
under the Amended Plan in File No. 4–
575.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.18
J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2024–15910 Filed 7–18–24; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–100537; File No. SR–
NYSEARCA–2024–05]

Self-Regulatory Organizations; NYSE
Arca, Inc.; Notice of Designation of a
Longer Period for Commission Action
on Proceedings To Determine Whether
To Approve or Disapprove a Proposed
Rule Change To List and Trade Shares
of the COtwo Advisors Physical
European Carbon Allowance Trust
Under NYSE Arca Rule 8.201–E
(Commodity-Based Trust Shares)
July 15, 2024.

On January 10, 2024, NYSE Arca, Inc.
(‘‘NYSE Arca’’ 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 thereunder,2 a proposed rule
change to list and trade shares of the
COtwo Advisors Physical European
Carbon Allowance Trust under NYSE
Arca Rule 8.201–E. The proposed rule
change was published for comment in
the Federal Register on January 26,
2024.3
On March 4, 2024, pursuant to
Section 19(b)(2) of the Act,4 the
Commission designated a longer period
within which to approve the proposed
rule change, disapprove the proposed
rule change, or institute proceedings to
determine whether to disapprove the
proposed rule change.5 On April 25,
2024, the Commission instituted
proceedings pursuant to Section
18 17

CFR 200.30–3(a)(34).
U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
3 See Securities Exchange Act Release No. 99409
(January 22, 2024), 89 FR 5273. Comments on the
proposed rule change are available at: https://
www.sec.gov/comments/sr-nysearca-2024-05/
srnysearca202405.htm.
4 15 U.S.C. 78s(b)(2).
5 See Securities Exchange Act Release No. 99668,
89 FR 16808 (March 8, 2024).
1 15

16 The addition to or deletion from the
Certification of any federal securities laws, rules,
and regulations for which FINRA would bear
responsibility under the Amended Plan for
examining, and enforcing compliance by, Common
Members, also would constitute an amendment to
the Amended Plan.
17 See supra note 12 (citing to Securities
Exchange Act Release No. 93114).

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18:53 Jul 18, 2024

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19(b)(2)(B) of the Act 6 to determine
whether to approve or disapprove the
proposed rule change.7
Section 19(b)(2) of the Act 8 provides
that, after initiating disapproval
proceedings, the Commission shall issue
an order approving or disapproving the
proposed rule change not later than 180
days after the date of publication of
notice of filing of the proposed rule
change. The Commission may extend
the period for issuing an order
approving or disapproving the proposed
rule change, however, by not more than
60 days if the Commission determines
that a longer period is appropriate and
publishes the reasons for such
determination. The proposed rule
change was published for notice and
comment in the Federal Register on
January 26, 2024. July 24, 2024 is 180
days from that date, and September 22,
2024 is 240 days from that date.
The Commission finds it appropriate
to designate a longer period within
which to issue an order approving or
disapproving 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,9 designates
September 22, 2024 as the date by
which the Commission shall either
approve or disapprove the proposed
rule change (File No. SR–NYSEARCA–
2024–05).
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.10
J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2024–15906 Filed 7–18–24; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–360, OMB Control No.
3235–0409]

Proposed Collection; Comment
Request; Extension: Rule 17Ad–15
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
6 15

U.S.C. 78s(b)(2)(B).
Securities Exchange Act Release No.
100029, 89 FR 35289 (May 1, 2024).
8 15 U.S.C. 78s(b)(2).
9 Id.
10 17 CFR 200.30–3(a)(57).
7 See

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ddrumheller on DSK120RN23PROD with NOTICES1

Federal Register / Vol. 89, No. 139 / Friday, July 19, 2024 / Notices
(‘‘Commission’’) is soliciting comments
on the existing collection of information
provided for in Rule 17Ad–15 (17 CFR
240.17Ad–15) (‘‘Rule 17Ad–15’’) 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 17Ad–15 requires every
registered transfer agent to establish
written standards for the acceptance of
guarantees of securities transfers from
eligible guarantor institutions. Every
registered transfer agent is also required
to establish procedures, including
written guidelines where appropriate, to
make certain that the transfer agent uses
those standards to determine whether to
accept or reject guarantees from eligible
guarantor institutions. In implementing
these requirements, the Commission
aims to ensure that registered transfer
agents treat eligible guarantor
institutions equitably.
Additionally, Rule 17Ad–15 requires
every registered transfer agent to make
and maintain records in the event the
transfer agent determines to reject
signature guarantees from eligible
guarantor institutions. Registered
transfer agents’ records must include,
following the date of rejection, a record
of the rejected transfer, along with the
reason for rejection, the identification of
the guarantor, and an indication
whether the guarantor failed to meet the
transfer agent’s guarantee standards.
Rule 17Ad–15 requires registered
transfer agents to maintain these records
for a period of three years. The
Commission designed these mandatory
recordkeeping requirements to assist the
Commission and other regulatory
agencies with monitoring registered
transfer agents and ensuring compliance
with the rule. This rule does not involve
the collection of confidential
information.
The Commission estimates that
approximately 315 registered transfer
agents will spend a total of
approximately 12,600 burden hours per
year complying with recordkeeping
requirements of Rules 17Ad–15 (based
on approximately 40 burden hours per
year per registered transfer agent). The
Commission also estimates the aggregate
annual internal cost of compliance for
the approximately 315 registered
transfer agents is approximately
$4,019,400 (based on 40 hours annual
burden × $319 hourly wage × 315
respondents). This reflects a decline in
aggregate annual internal cost of
compliance of $650,760 due to the
decrease in the number of registered
transfer agents from 366 to 315.

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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 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 by
September 17, 2024.
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: Austin Gerig, Director/Chief
Information Officer, Securities and
Exchange Commission, c/o Oluwaseun
Ajayi, 100 F Street NE, Washington, DC
20549, or send email to: PRA_Mailbox@
sec.gov.
Dated: July 15, 2024.
J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2024–15888 Filed 7–18–24; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–100532; File No. SR–DTC–
2024–005]

Self-Regulatory Organizations; The
Depository Trust Company; Notice of
Filing and Immediate Effectiveness of
Proposed Rule Change To Amend the
Guide to the DTC Fee Schedule
July 15, 2024.

Pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934
(‘‘Act’’) 1 and Rule 19b–4 thereunder,2
notice is hereby given that on July 2,
2024, The Depository Trust Company
(‘‘DTC’’) filed with the Securities and
Exchange Commission (‘‘Commission’’)
the proposed rule change as described
in Items I, II and III below, which Items
have been prepared by the clearing
agency. DTC filed the proposed rule
change pursuant to Section 19(b)(3)(A)
of the Act 3 and Rule 19b–4(f)(2)
thereunder.4 The Commission is

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1 15

U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 15 U.S.C. 78s(b)(3)(A).
4 17 CFR 240.19b–4(f)(2).
2 17

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58829

publishing this notice to solicit
comments on the proposed rule change
from interested persons.
I. Clearing Agency’s Statement of the
Terms of Substance of the Proposed
Rule Change
The proposed rule change consists of
amendments to the Guide to the DTC
Fee Schedule (‘‘Fee Guide’’) 5 to (i)
modify the application of a fee (‘‘OneDay Surcharge’’) charged to a
Participant that submits an eligibility
request or required offering documents
for a new issue one business day prior
to the closing date; 6 (ii) eliminate
certain Deposit Services fees; and (iii)
make a technical change relating to
transfer agent ‘‘pass-through’’ charges
(‘‘Transfer Agent Charges’’), as
described in greater detail below.7
II. Clearing Agency’s Statement of the
Purpose of, and Statutory Basis for, the
Proposed Rule Change
In its filing with the Commission, the
clearing agency 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
clearing agency has prepared
summaries, set forth in sections A, B,
and C below, of the most significant
aspects of such statements.
(A) Clearing Agency’s Statement of the
Purpose of, and Statutory Basis for, the
Proposed Rule Change
1. Purpose
The proposed rule change would
amend the Fee Guide to (i) modify the
application of the One-Day Surcharge;
(ii) eliminate certain Deposit Services
fees; and (iii) make a technical change
relating to Transfer Agent Charges, as
described below.8
5 Available at www.dtcc.com/∼/media/Files/
Downloads/legal/fee-guides/DTC-Fee-Schedule.pdf.
6 The closing date is the date on which DTC will
distribute an issue for book-entry delivery and
settlement, to the DTC Account of the Participant
serving as underwriter for an issue, upon
notification by both the underwriter and the issuer
that an issue has closed. See DTC Underwriting
Service Guide, available at https://www.dtcc.com//media/Files/Downloads/legal/service-guides/
Underwriting-Service-Guide.pdf at 7.
7 Each capitalized term not otherwise defined
herein has its respective meaning as set forth the
Rules, By-Laws and Organization Certificate of DTC
(the ‘‘Rules’’), available at www.dtcc.com/legal/
rules-and-procedures.
8 Pursuant to Rule 2, Section 1, each Participant
shall pay to DTC the compensation due it for
services rendered to the Participant based on DTC’s
fee schedules. See Rule 2, supra note 7.

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