Form SD 30 Day Federal Register Notice

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53692

Federal Register / Vol. 89, No. 124 / Thursday, June 27, 2024 / Notices

its credit exposures to participants and
those arising from its payment, clearing,
and settlement processes by maintaining
sufficient financial resources to cover its
credit exposure to each participant fully
with a high degree of confidence;
• Rule 17ad–22(e)(6)(i) under the
Exchange Act,29 which requires that a
covered clearing agency establish
written policies and procedures
reasonably designed to calculate,
collect, and hold margin amounts from
a direct participant for its proprietary
positions in Treasury securities
separately and independently from
margin calculated and collected from
that direct participant in connection
with U.S. Treasury securities
transactions by an indirect participant
that relies on the services provided by
the direct participant to access the
covered clearing agency’s payment,
clearing, or settlement facilities;
• Rule 17ad–22(e)(18)(iv)(C) under
the Exchange Act,30 which requires that
a covered clearing agency establish,
implement, maintain, and enforce
written policies and procedures
reasonably designed to establish
objective, risk-based, and publicly
disclosed criteria for participation,
which, when the covered clearing
agency provides central counterparty
services in transactions in U.S. Treasury
securities, ensure that it has appropriate
means to facilitate access to clearance
and settlement services of all eligible
secondary market transactions in U.S.
Treasury securities, including those of
indirect participants;
• Rule 17ad–22(e)(19) under the
Exchange Act,31 which requires that a
covered clearing agency establish,
implement, maintain, and enforce
written policies and procedures
reasonably designed to identify,
monitor, and manage the material risks
to the covered clearing agency arising
from arrangements in which firms that
are indirect participants in the covered
clearing agency rely on the services
provided by direct participants to access
the covered clearing agency’s payment,
clearing, or settlement facilities;
• Rule 17ad–22(e)(23)(ii) under the
Exchange Act,32 which requires that a
covered clearing agency establish,
implement, maintain, and enforce
written policies and procedures
reasonably designed to provide
sufficient information to enable
participants to identify and evaluate the
risks, fees, and other material costs they
29 17

CFR 240.17ad–22(e)(6)(i).
CFR 240.17ad–22(e)(18)(iv)(C).
31 17 CFR 240.17ad–22(e)(19).
32 17 CFR 240.17ad–22(e)(23)(ii).
30 17

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incur by participating in the covered
clearing agency.
IV. Procedure: Request for Written
Comments
The Commission requests that
interested persons provide written
submissions of their views, data, and
arguments with respect to the issues
identified above, as well as any other
concerns they may have with the
Proposed Rule Change. In particular, the
Commission invites the written views of
interested persons concerning whether
the Proposed Rule Change is consistent
with Section 17A(b)(3)(F) 33 and Rules
15c3–3, 17Ad–22(e)(4)(i), (e)(6)(i),
(e)(18)(iv)(C), (e)(19), and (e)(23)(ii) 34 of
the Exchange Act, or any other
provision of the Exchange Act, or the
rules and regulations thereunder.
Although there do not appear to be any
issues relevant to approval or
disapproval that would be facilitated by
an oral presentation of views, data, and
arguments, the Commission will
consider, pursuant to Rule 19b–4(g)
under the Exchange Act,35 any request
for an opportunity to make an oral
presentation.36
The Commission asks that
commenters address the sufficiency of
FICC’s statements in support of the
Proposed Rule Change, which are set
forth in the Notice of Filing 37 in
addition to any other comments they
may wish to submit about the Proposed
Rule Change.
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
• Send an email to rule-comments@
sec.gov. Please include file number SR–
FICC–2024–007 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–FICC–2024–007. This file
33 15

U.S.C. 78q–1(b)(3)(F).
CFR 240.15c3–3 and 17ad–22(e)(4)(i),
(e)(6)(i), (e)(18)(iv)(C), (e)(19), and (e)(23)(ii).
35 17 CFR 240.19b–4(g).
36 Section 19(b)(2) of the Exchange Act grants to
the Commission flexibility to determine what type
of proceeding—either oral or notice and
opportunity for written comments—is appropriate
for consideration of a particular proposal by a selfregulatory organization. See Securities Act
Amendments of 1975, Senate Comm. on Banking,
Housing & Urban Affairs, S. Rep. No. 75, 94th
Cong., 1st Sess. 30 (1975).
37 See Notice of Filing, supra note 4.
34 17

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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
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 such filing
also will be available for inspection and
copying at the principal office of FICC
and on FICC’s website (www.dtcc.com/
legal/sec-rule-filings).
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–FICC–2024–007 and should
be submitted on or before July 18, 2024.
Rebuttal comments should be submitted
by August 1, 2024.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.38
Vanessa A. Countryman,
Secretary.
[FR Doc. 2024–14069 Filed 6–26–24; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–647, OMB Control No.
3235–0697]

Submission for OMB Review;
Comment Request; Extension: Form
SD
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
38 17

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CFR 200.30–3(a)(31).

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lotter on DSK11XQN23PROD with NOTICES1

Federal Register / Vol. 89, No. 124 / Thursday, June 27, 2024 / Notices
(44 U.S.C. 3501 et seq.), the Securities
and Exchange Commission
(‘‘Commission’’) has submitted to the
Office of Management and Budget this
request for extension of the previously
approved collection of information
discussed below.
Form SD (17 CFR 249b–400) is
required by Section 13(p) (15 U.S.C.
78m(p)) of the Securities Exchange Act
of 1934 (15 U.S.C. 78a et seq.)
(‘‘Exchange Act’’) and Rule 13p–1
thereunder (17 CFR 240.13p–1) and is
filed by issuers to provide disclosures
regarding the source and chain of
custody of certain minerals used in their
products. Section 13(p) was added by
Section 1502 of the Dodd-Frank Wall
Street Reform and Consumer Protection
Act (‘‘Dodd-Frank Act’’). We estimate
that, when used by filers to comply with
Section 13(p), Form SD takes
approximately 480.61265 hours per
response to prepare and is filed by
approximately 1,009 issuers. We
estimate that 75% of the 480.61265
hours per response (360.46 hours) is
prepared by the issuer internally for a
total annual burden of 363,704 hours
(360.46 hours per response × 1,009
responses).
Form SD is also used by filers to
comply with Section 13(q) of the
Exchange Act (15 U.S.C. 78m(q)) and
Rule 13q–1 thereunder (17 CFR
240.13q–1). Section 13(q) was added by
Section 1504 of the Dodd-Frank Act.
Form SD is used by resource extraction
issuers to disclose information relating
to certain payments made by the issuer,
a subsidiary of the issuer, or an entity
under the control of the issuer, to a
foreign government or the Federal
Government for the purpose of the
commercial development of oil, natural
gas, or minerals. We estimate that, when
used by filers to comply with Section
13(q), Form SD takes approximately
296.9202 hours per response to prepare
and is filed by approximately 414
issuers. We estimate that 75% of the
296.9202 hours per response (222.69
hours) is prepared by the issuer
internally for a total annual burden of
192,194 hours (222.69 hours per
response × 414 issuers responses).
For purposes of the Paperwork
Reduction Act (‘‘PRA’’), we estimate
that Form SD take approximately
427.1701 hours per response to comply
with collection information
requirements of Sections 13(p) and 13(q)
under the Exchange Act and is filed by
1,423 issuers. We estimate that 75% of
the 427.1701 of hours per response
(320.3775 hours) is prepared by the
issuer internally for a total annual
burden of 455,897 hours (320.3775
hours per response × 1,423 issuers). The

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estimated burden hours are made solely
for the purposes of the Paperwork
Reduction Act and are not derived from
a comprehensive or even a
representative survey or study of the
costs of Commission rules and forms.
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
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 by July 29, 2024 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: June 21, 2024.
Vanessa A. Countryman,
Secretary.
[FR Doc. 2024–14085 Filed 6–26–24; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–100396; File No. SR–BOX–
2024–15]

Self-Regulatory Organizations; BOX
Exchange LLC; Notice of Filing and
Immediate Effectiveness of a Proposed
Rule Change To Amend the Fee
Schedule for Trading on the BOX
Options Market LLC Facility (‘‘BOX’’)
June 21, 2024.

Pursuant to section 19(b)(1) of the
Securities Exchange Act of 1934 (the
‘‘Act’’),1 and Rule 19b–4 thereunder,2
notice is hereby given that on June 13,
2024, BOX Exchange LLC (the
‘‘Exchange’’) 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 Exchange. The Exchange filed the
proposed rule change pursuant to
section 19(b)(3)(A)(ii) of the Act,3 and
Rule 19b–4(f)(2) thereunder,4 which
1 15

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

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53693

renders the proposal effective upon
filing with the Commission. The
Commission is publishing this notice to
solicit comments on the proposed rule
change from interested persons.
I. Self-Regulatory Organization’s
Statement of Terms of Substance of the
Proposed Rule Change
The Exchange is filing with the
Securities and Exchange Commission
(‘‘Commission’’) a proposed rule change
to amend the Fee Schedule on the BOX
Options Market LLC (‘‘BOX’’) options
facility. The text of the proposed rule
change is available from the principal
office of the Exchange, at the
Commission’s Public Reference Room
and also on the Exchange’s internet
website at https://
rules.boxexchange.com/rulefilings.
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 the
Fee Schedule for trading on BOX to
establish fees and rebates for the FLEX
Open Outcry (‘‘FOO’’) Order type on the
BOX Trading Floor.
The Exchange represented in its filing
with the Securities and Exchange
Commission (‘‘SEC’’ or the
‘‘Commission’’) to establish FOO Orders
that, ‘‘the Exchange has not yet
determined the fees for FOO
transactions executed on the Trading
Floor. Prior to commencing trading of
the FOO Order type on the Trading
Floor, the Exchange intends to submit a
proposed rule change to the
Commission setting forth the proposed
fees.’’ 5 The Exchange now proposes to
5 See Securities Exchange Act Release No. 100156
(May 15, 2024), 89 FR 44721 (May 21, 2024) (Notice
of Filing of Amendment No. 3 and Order Granting
Accelerated Approval of a Proposed Rule Change,
as Modified by Amendment No. 3, to Adopt Rules
to Govern FLEX Equity Options and a New Order

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