354 Federal Register / Vol. 86, No. 2 / Tuesday, January 5, 2021 / Notices 

5 Id. 

6 17 CFR 200.30–3(a)(31). 

1 15 U.S.C. 78s(b)(1). 

2 17 CFR 240.19b–4. 

3See Securities Exchange Act Release No. 89073 

(June 16, 2020), 85 FR 37488. 

4 15 U.S.C. 78s(b)(2). 

5See Securities Exchange Act Release No. 89412, 

85 FR 46744 (August 3, 2020). 

6 15 U.S.C. 78s(b)(2)(B). 

7See Securities Exchange Act Release No. 89898, 

85 FR 59572 (September 22, 2020). 

8See Securities Exchange Act Release No. 90575, 

85 FR 80206 (December 11, 2020). The Commission 

designated February 17, 2021, as the date by which 

the Commission shall either approve or disapprove 

the proposed rule change. 

9 17 CFR 200.30–3(a)(12). 

1 0.5 hours per fund + 1 hour per fund = 1.5 hours 

per fund. 

2 1.5 hours per fund × 10,536 fund = 15,804 

hours. 

to 90 days as the Commission may 

designate if it finds such longer period 

to be appropriate and publishes its 

reasons for so finding, or as to which the 

self-regulatory organization consents, 

the Commission shall either approve the 

proposed rule change, disapprove the 

proposed rule change, or institute 

proceedings to determine whether the 

proposed rule change should be 

disapproved. The 45th day after 

publication of the notice for this 

proposed rule change is January 7, 2021. 

The Commission is extending this 45- 

day time period. 

The Commission finds it appropriate 

to designate a longer period within 

which to take action on 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,5

designates February 21, 2021 as the date 

by which the Commission shall either 

approve or disapprove, or institute 

proceedings to determine whether to 

disapprove, the proposed rule change 

(File No. SR–NYSEArca–2020–98). 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.6

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2020–29136 Filed 1–4–21; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–90817; File No. SR– 

NYSEArca–2020–46] 

Self-Regulatory Organizations; NYSE 

Arca, Inc.; Notice of Withdrawal of a 

Proposed Rule Change To Amend 

NYSE Arca Rule 5.2–E(j)(6) Relating to 

Options-Linked Securities 

December 29, 2020. 

On June 10, 2020, NYSE Arca, Inc. 

(‘‘Exchange’’ or ‘‘NYSE Arca’’) 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 amend NYSE Arca Rule 5.2– 

E(j)(6) to accommodate Exchange listing 

and trading of Options-Linked 

Securities. The proposed rule change 

was published for comment in the 

Federal Register on June 22, 2020.3 On 

July 28, 2020, 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 September 16, 2020, 

the Commission instituted proceedings 

under Section 19(b)(2)(B) of the Act 6 to 

determine whether to approve or 

disapprove the proposed rule change.7

On December 7, 2020, the Commission 

designated a longer period within which 

to issue an order approving or 

disapproving the proposed rule change.8

The Commission received no comment 

letters on the proposed rule change. On 

December 29, 2020, the Exchange 

withdrew the proposed rule change 

(SR–NYSEArca–2020–46). 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.9

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2020–29137 Filed 1–4–21; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[SEC File No. 270–574, OMB Control No. 

3235–0648] 

Proposed Collection; Comment 

Request 

Upon Written Request, Copies Available 

From: Securities and Exchange 

Commission, Office of FOIA Services, 

100 F Street NE, Washington, DC 

20549–2736 

Extension: 

Rule 498 

Notice is hereby given that, pursuant 

to the Paperwork Reduction Act of 1995 

(44 U.S.C. 3501 et seq.) (‘‘Paperwork 

Reduction Act’’), the Securities and 

Exchange Commission (the 

‘‘Commission’’) is soliciting comments 

on the collection of information 

summarized below. The Commission 

plans to submit this existing collection 

of information to the Office of 

Management and Budget (‘‘OMB’’) for 

extension and approval. 

Rule 498 (17 CFR 230.498) under the 

Securities Act of 1933 (15 U.S.C. 77a et 

seq.) (‘‘Securities Act’’) permits openend management investment companies 

(‘‘funds’’) to satisfy their prospectus 

delivery obligations under the Securities 

Act by sending or giving key 

information directly to investors in the 

form of a summary prospectus 

(‘‘Summary Prospectus’’) and providing 

the statutory prospectus on a website. 

Upon an investor’s request, funds are 

also required to send the statutory 

prospectus to the investor. In addition, 

under rule 498, a fund that relies on the 

rule to meet its statutory prospectus 

delivery obligations must make 

available, free of charge, the fund’s 

current Summary Prospectus, statutory 

prospectus, statement of additional 

information, and most recent annual 

and semi-annual reports to shareholders 

at the website address specified in the 

required Summary Prospectus legend 

(17 CFR 270.498(e)(1)). A Summary 

Prospectus that complies with rule 498 

is deemed to be a prospectus that is 

authorized under Section 10(b) of the 

Securities Act and Section 24(g) of the 

Investment Company Act of 1940 (15 

U.S.C. 80a–1 et seq.). 

The purpose of rule 498 is to enable 

a fund to provide investors with a 

Summary Prospectus containing key 

information necessary to evaluate an 

investment in the fund. Unlike many 

other federal information collections, 

which are primarily for the use and 

benefit of the collecting agency, this 

information collection is primarily for 

the use and benefit of investors. The 

information filed with the Commission 

also permits the verification of 

compliance with securities law 

requirements and assures the public 

availability and dissemination of the 

information. 

Based on an analysis of fund filings, 

the Commission estimates that 

approximately 10,536 funds are using a 

Summary Prospectus. The Commission 

estimates that the annual hourly burden 

per fund associated with the 

compilation of the information required 

on the cover page or the beginning of 

the Summary Prospectus is 0.5 hours, 

and estimates that the annual hourly 

burden per fund to comply with the 

website posting requirement is 

approximately 1 hour, requiring a total 

of 1.5 hours per fund per year.1 Thus the 

total annual hour burden associated 

with these requirements of the rule is 

approximately 15,804.2 The 


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