30 Day Notice

Federal Register / Vol. 89, No. 184 / Monday, September 23, 2024 / Notices
Dated: September 17, 2024.
Edward R. Hawkens,
Chief Administrative Judge, Atomic Safety
and Licensing Board Panel, Rockville,
Maryland.
[FR Doc. 2024–21648 Filed 9–20–24; 8:45 am]
BILLING CODE 7590–01–P

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

khammond on DSKJM1Z7X2PROD with NOTICES

Submission for OMB Review;
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
(‘‘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 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’’).
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

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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.
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) www.reginfo.gov/public/do/
PRAMain and (ii) Austin Gerig,
Director/Chief Data Officer, Securities
and Exchange Commission, c/o
Oluwaseun Ajayi, 100 F Street NE,
Washington, DC 20549, or by sending an
email to: PRA_Mailbox@sec.gov.

[FR Doc. 2024–21685 Filed 9–20–24; 8:45 am]

PO 00000

SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–101065; File No. SR–
FINRA–2024–001]

Self-Regulatory Organizations;
Financial Industry Regulatory
Authority, Inc.; Order Approving a
Proposed Rule Change To Amend
FINRA Rule 3240 (Borrowing From or
Lending to Customers) To Strengthen
the General Prohibition Against
Borrowing and Lending Arrangements
September 17, 2024.

I. Introduction
On January 2, 2024, the Financial
Industry Regulatory Authority, Inc.
(‘‘FINRA’’) filed with the Securities and
Exchange Commission (‘‘SEC’’ or
‘‘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
(SR–FINRA–2024–001) to amend FINRA
Rule 3240 (Borrowing From or Lending
to Customers).3 As stated in the Notice,
the proposed rule change would
strengthen the general prohibition
against borrowing and lending
arrangements, narrow some of the
existing exceptions to that general
prohibition, amend the immediate
family exception,4 and enhance the
requirements for notifying and obtaining
member firms’ approval of such
arrangements.5
The proposed rule change was
published for public comment in the
Federal Register on January 22, 2024.6
The public comment period closed on
February 12, 2024. The Commission
received comment letters related to this
filing.7 On February 21, 2024, FINRA
consented to an extension of the time
period in which the Commission must
approve the proposed rule change,
disapprove the proposed rule change, or
institute proceedings to determine
whether to approve or disapprove the
proposed rule change to April 19, 2024.8
1 15

U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 See Exchange Act Release No. 99351 (Jan. 16,
2024), 89 FR 3968 (Jan. 22, 2024) (File No. SR–
FINRA–2024–001) (‘‘Notice’’), https://
www.govinfo.gov/content/pkg/FR-2024-01-22/pdf/
2024-01068.pdf.
4 See infra note 28 and accompanying text.
5 See Notice.
6 Id.
7 The comment letters are available at https://
www.sec.gov/comments/sr-finra-2024-001/
srfinra2024001.htm.
8 See letter from Ilana Reid, Associate General
Counsel, FINRA, to Daniel Fisher, Branch Chief,
Division of Trading and Markets, Commission, filed
with the Commission on February 21, 2024. This
letter is available at https://www.finra.org/sites/
2 17

Dated: September 18, 2024.
Vanessa A. Countryman,
Secretary.
BILLING CODE 8011–01–P

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