Federal Register 30-Day Notice

Federal Register / Vol. 90, No. 188 / Wednesday, October 1, 2025 / Notices
should be submitted on or before
October 22, 2025.

C. Self-Regulatory Organization’s
Statement on Comments on the
Proposed Rule Change Received From
Members, Participants, or Others
No written comments were either
solicited or received.
III. Date of Effectiveness of the
Proposed Rule Change and Timing for
Commission Action
Within 45 days of the date of
publication of this notice in the Federal
Register or within such longer period
up to 90 days (i) as the Commission may
designate if it finds such longer period
to be appropriate and publishes its
reasons for so finding or (ii) as to which
the Exchange consents, the Commission
will:
A. by order approve or disapprove
such proposed rule change, or
B. institute proceedings to determine
whether the proposed rule change
should be 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 (https://www.sec.gov/
rules/sro.shtml); or
• Send an email to rule-comments@
sec.gov. Please include file number SR–
BX–2025–024 on the subject line.

lotter on DSK11XQN23PROD with NOTICES1

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–BX–2025–024. 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 filing 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–BX–2025–024 and

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For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.81
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2025–19103 Filed 9–30–25; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[OMB Control No. 3235–0064]

Agency Information Collection
Activities; Submission for OMB
Review; Comment Request; Extension:
Exchange Act Form 10
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
(44 U.S.C. 3501 et seq.), the Securities
and Exchange Commission
(‘‘Commission’’) has submitted to the
Office of Management and Budget
(‘‘OMB’’) this request for extension of
the previously approved collection of
information discussed below.
Form 10 (17 CFR 249.210) is used by
issuers to register a class of securities
pursuant to Section 12(b) or Section
12(g) (15 U.S.C. 78l(b) and 78l(g)) of the
Securities Exchange Act of 1934. Form
10 requires financial information and
other disclosures about matters such as
the issuer’s business, properties,
identity and remuneration of
management, outstanding securities,
securities to be registered, and financial
condition. The information collected on
Form 10 is intended to ensure that
investors in a class of Section 12registered securities have sufficient
information regarding such securities
and their issuer necessary to make
informed investment and voting
decisions. The information required by
Form 10 is mandatory, and Form 10 is
publicly available on the Commission’s
Electronic Data Gathering, Analysis, and
Retrieval (‘‘EDGAR’’) system. We
estimate that Form 10 takes
approximately 198.84 hours per
response to prepare and is filed by an
average of 104 respondents annually,
once per year, for an average of 104
responses annually. We estimate that
25% of the 198.84 hours per response
(49.71 hours) is carried internally by the
issuer for an annual reporting burden of
81 17

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CFR 200.30–3(a)(12).

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47437

5,170 hours (49.71 hours per response ×
104 responses). We further estimate that
75% of the 198.84 hours per response
(149.13 hours) is carried by outside
professionals at a rate of $600 per hour
for a total annual cost burden of
$9,305,712 (149.13 hours per response ×
$600 per hour × 104 responses).
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 and comment
on this information collection request
at: https://www.reginfo.gov/public/do/
PRAViewICR?ref_nbr=202506-3235-009
or send an email comment to
MBX.OMB.OIRA.SEC_desk_officer@
omb.eop.gov within 30 days of the day
after publication of this notice by
November 3, 2025.
Dated: September 26, 2025.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2025–19089 Filed 9–30–25; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–104116; File No. SR–FICC–
2025–018]

Self-Regulatory Organizations; Fixed
Income Clearing Corporation; Order
Approving Proposed Rule Change To
Add Basis Risk Haircut Charge to
Certain Models
September 29, 2025.

I. Introduction
On August 15, 2025, Fixed Income
Clearing Corporation (‘‘FICC’’) 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 proposed rule
change SR–FICC–2025–018 (‘‘Proposed
Rule Change’’) 3 to make changes to the
GSD Methodology Document—GSD
Initial Market Risk Margin Model
(‘‘QRM Methodology Document’’) 4 in
order to incorporate the mortgagebacked securities (‘‘MBS’’) pool/to-beannounced (‘‘TBA’’) basis risk haircut
1 15

U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 Capitalized terms not defined herein are defined
in FICC’s Government Securities Division (‘‘GSD’’)
Rulebook (‘‘Rules’’), available at www.dtcc.com/
legal/rules-and-procedures.
4 As part of the Proposed Rule Change, FICC filed,
as Exhibit 5, changes proposed to the QRM
Methodology Document. Pursuant to 17 CFR
240.24b–2, FICC requested confidential treatment of
Exhibit 5.
2 17

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