7760 Federal Register / Vol. 86, No. 19 / Monday, February 1, 2021 / Notices 

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

2 17 CFR 240.19b–4. 

3 15 U.S.C. 78s(b)(3)(A)(iii). 

4 17 CFR 240.19b–4(f)(6). 

5Section 220.2 of Regulation T of the Board of 

Governors of the Federal Reserve System defines 

‘‘current market value’’ of a security as (1) 

throughout the day of the purchase or sale of a 

security, the security’s total cost of purchase or the 

net proceeds of its sale including any commissions 

charged; or (2) at any other time, the closing sale 

price of the security on the preceding business day, 

as shown by any regularly published reporting or 

quotation service. If there is no closing sale price, 

the creditor may use any reasonable estimate of the 

market value of the security as of the close of 

business on the preceding business day.’’ See 12 

CFR 220.2. The term ‘‘marking’’ value is often used 

to refer to the current market value for capital and 

margin purposes. The proposed rule change 

corrects the reference to Section 220.3 in the 

definition of current market value in Rule 10.3(a)(2) 

to be Section 220.2. 

6The Exchange notes the Options Clearing 

Corporation (‘‘OCC’’) calculates the daily margin 

requirements for Clearing Members’ options 

positions at OCC. The Exchange understands OCC 

intends to incorporate a corresponding change 

regarding the time at which the value of a series is 

determined into its procedures for calculating 

margin requirements. 

7See Rule 5.1(b)(2); see also closing times for ETF 

options, available at https://www.cboe.com/us/ 

options/market_statistics/symbol_reference/ 

?mkt=cone&underlying=1. 8The Exchange notes the daily margin 

requirements for all other ETF options that close at 

4:00 p.m. Eastern time are based on the closing 

trade at that time. 

Dated: January 28, 2021. 

Vanessa A. Countryman, 

Secretary. 

[FR Doc. 2021–02155 Filed 1–28–21; 11:15 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–90990; File No. SR–CBOE– 

2021–006] 

Self-Regulatory Organizations; Cboe 

Exchange, Inc.; Notice of Filing and 

Immediate Effectiveness of a Proposed 

Rule Change Relating To Amend the 

Definition of ‘‘Current Market Value’’ for 

Purposes of Calculating Margin 

Requirements for Certain Options 

January 26, 2021. 

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 January 

14, 2021, Cboe Exchange, Inc. (the 

‘‘Exchange’’ or ‘‘Cboe Options’’) filed 

with the Securities and Exchange 

Commission (the ‘‘Commission’’) the 

proposed rule change as described in 

Items I and II below, which Items have 

been prepared by the Exchange. The 

Exchange filed the proposal as a ‘‘noncontroversial’’ proposed rule change 

pursuant to Section 19(b)(3)(A)(iii) of 

the Act 3 and Rule 19b–4(f)(6) 

thereunder.4 The Commission is 

publishing this notice to solicit 

comments on the proposed rule change 

from interested persons. 

I. Self-Regulatory Organization’s 

Statement of the Terms of Substance of 

the Proposed Rule Change 

Cboe Exchange, Inc. (the ‘‘Exchange’’ 

or ‘‘Cboe Options’’) proposes to amend 

the definition of ‘‘current market value’’ 

for purposes of calculating margin 

requirements for certain options. The 

text of the proposed rule change is 

provided below. 

(additions are italicized; deletions are 

[bracketed]) 

* * * * * 

Rules of Cboe Exchange, Inc. 

* * * * * 

Rule 10.3. Margin Requirements 

(a) Definitions. For purposes of this Rule, 

the following terms shall have the meanings 

specified below. 

(1) No change. 

(2) The term ‘‘current market value’’ is as 

defined in Section 220.[3]2 of Regulation T 

of the Board of Governors of the Federal 

Reserve System. At any other time, in the 

case of options, stock index warrants, 

currency index warrants and currency 

warrants, it shall mean the closing price of 

that series of options or warrants on the 

Exchange on any day with respect to which 

a determination of current market value is 

made, except in the case of certain index and 

ETF options determined by the Exchange, it 

shall be based on quotes for that series of 

options on the Exchange 15 minutes prior to 

the close of trading on any day with respect 

to which a determination of current market 

value is made. In the case of other securities, 

it shall mean the preceding business day’s 

closing price as shown by any regularly 

published reporting or quotation service. If 

there is no closing price or quotes, as 

applicable, on the option or on another 

security, a TPH organization may use a 

reasonable estimate of the current market 

value of the security as of the close of 

business or as of 15 minutes prior to the 

closing of trading, respectively, on the 

preceding business day. 

* * * * * 

The text of the proposed rule change 

is also available on the Exchange’s 

website (http://www.cboe.com/ 

AboutCBOE/CBOELegal

RegulatoryHome.aspx), at the 

Exchange’s Office of the Secretary, and 

at the Commission’s Public Reference 

Room. 

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 

definition of ‘‘current market value’’ 

with respect to certain ETF options for 

purposes of calculating margin 

requirements. Rule 10.3(a)(2) currently 

defines the term ‘‘current market value’’ 

as follows: 

The term ‘‘current market value’’ is as 

defined in Section 220.3 of Regulation T of 

the Board of Governors of the Federal 

Reserve System. At any other time, in the 

case of options, stock index warrants, 

currency index warrants and currency 

warrants, it shall mean the closing price of 

that series of options or warrants on the 

Exchange on any day with respect to which 

a determination of current market value is 

made, except in the case of certain index 

options determined by the Exchange, it shall 

be based on quotes for that series of options 

on the Exchange 15 minutes prior to the close 

of trading on any day with respect to which 

a determination of current market value is 

made. In the case of other securities, it shall 

mean the preceding business day’s closing 

price as shown by any regularly published 

reporting or quotation service. If there is no 

closing price or quotes, as applicable, on the 

option or on another security, a TPH 

organization may use a reasonable estimate of 

the current market value of the security as of 

the close of business or as of 15 minutes prior 

to the closing of trading, respectively, on the 

preceding business day.5

Rule 10.3 and other Rules in Chapter 

10 of the Exchange’s Rulebook describe 

how margin requirements are calculated 

for market participants’ positions in 

options (and certain other securities), 

including strategy-based margin and 

customer portfolio margin requirements, 

which requirements are generally based 

on the current market value of the 

option series. These requirements are 

determined on a daily basis for market 

participants’ securities accounts that 

hold options positions.6 Currently, 43 

ETF options that are listed for trading 

on the Exchange close for trading at 4:15 

p.m. Eastern time.7 Therefore, daily 

margin requirements for those options 

are currently based on the closing trade 

prices of those options series at that 

time.8

Federal Register / Vol. 86, No. 19 / Monday, February 1, 2021 / Notices 7761 

9For example, the SPDR S&P 500 ETF Trust 

(‘‘SPY’’) tracks the S&P 500 Index. The Exchange (as 

well as other options exchanges) list SPY options 

for trading, and the Exchange lists options on the 

S&P 500 Index as well (‘‘SPX’’). Additional 

examples of ETF options (which may trade on any 

options exchange) with an underlying ETF that 

tracks an index on which the Exchange lists an 

option include the iShares Russell 2000 ETF 

(‘‘IWM’’) (which tracks the Russell 2000 Index, as 

do RUT options) and the SPDR Dow Jones 

Industrial Average ETF Trust (‘‘DIA’’) (which tracks 

the Dow Jones Industrial Average, as do DJX 

options). 

10See Securities Exchange Act Release No. 90195 

(October 15, 2020), 85 FR 67041 (October 21, 2020) 

(SR–CBOE–2020–090). 

11See id. As described in that proposed rule 

change, the Chicago Mercantile Exchange (‘‘CME’’), 

on which index futures products trade, intended to 

change the daily settlement price for index futures 

from 4:15 p.m. Eastern time to 4:00 p.m. Eastern 

time. 

12See Exchange Notice C2020113000, Schedule 

Update—Cboe Proprietary Index Products MXEA 

and MXEF to be Added to 3:00 p.m. Marking Price 

Files. These index options close for trading at 4:15 

p.m. Eastern time. 

13Pursuant to Rule 1.5, the Exchange announces 

to Trading Permit Holders all determinations it 

makes pursuant to the Rules (which would include 

the determination of ETF options subject to the 

proposed rule change) via specifications, notices, or 

regulatory circulars with appropriate advanced 

notice, which are posted on the Exchange’s website, 

or as otherwise provided in the Rules (among other 

methods). 

14Fifteen minutes prior to the close of trading 

will generally equate to 4:00 p.m. Eastern time. The 

Exchange notes the proposed rule change does not 

change the time at which trading in the applicable 

ETF options will close. In other words, on a regular 

trading day, while the current market value for 

these ETF options will be determined at 4:00 p.m. 

Eastern time, those ETF options will continue to 

trade until 4:15 p.m. Eastern time (any options 

trades that occur between 4:00 and 4:15 on that 

trading day would use the 4:00 current market 

value for margin calculation purposes). 

15 15 U.S.C. 78f(b). 16 15 U.S.C. 78f(b)(5). 17 Id. 18 15 U.S.C. 78f(c)(3). 

A number of options overlie 

exchange-traded funds (‘‘ETFs’’) that 

track the same indexes on which the 

Exchange lists index options.9 These 

options are complementary investment 

tools available to market participants. 

The Exchange understands that market 

participants generally use the same 

information when pricing an index 

option and an ETF option with an 

underlying ETF that tracks the same 

index. Additionally, market 

participants’ investment and hedging 

strategies often involve index options 

and related products, including ETF 

options. For example, market 

participants often engage in hedging 

strategies that involve options on the 

S&P 500 Index (‘‘SPX options’’), which 

trade exclusively on the Exchange, and 

SPY options, which may trade on any 

options exchange. 

The Exchange recently amended the 

definition of ‘‘current market value’’ to 

provide that, for certain index options 

determined by the Exchange, it would 

be based on quotes for a series of 

options on the Exchange 15 minutes 

prior to the close of trading rather than 

the closing price.10 The purpose of that 

change was to maintain alignment 

between the times at which the current 

market value of index options and the 

daily settlement price of related futures 

(i.e., futures that overlie the same 

indexes as the index options) is 

determined for purposes of calculating 

daily margin requirements.11 Currently, 

the Exchange has determined to 

determine the current market value for 

margin requirements 15 minutes prior to 

the closing time for the following index 

options: DJX options, MXEA options, 

MXEF options, OEX options, RUT 

options, SPESG options, SPX options, 

VIX options, XEO options, and XSP 

options.12

Currently, the Exchange determines 

the daily settlement price for all ETF 

options at the time at which they close 

for trading, which as noted above, is at 

4:15 p.m. for a number of ETF options. 

Several of these ETF options overlie an 

ETF that tracks an index on which the 

Exchange lists index options, including 

index options for which the Exchange 

determines the current market value for 

margin requirements 15 minutes prior to 

the closing time. The Exchange has 

received numerous requests from 

market participants to determine the 

current market value for such ETF 

options at the same time at which it 

determines the current market value for 

corresponding index options. Therefore, 

to permit the Exchange to align the 

times at which the current market value 

of index options and options overlying 

ETFs that track the same indexes is 

determined for purposes of calculating 

daily margin requirements, the 

Exchange proposes to amend the 

definition of current market value with 

respect to certain Exchange-designated 

ETF options 13 to be based on quotes of 

that series of options on the Exchange 

15 minutes prior to the close of trading 

on any day with respect to which a 

determination of current market value is 

made.14 The Exchange intends to apply 

an indicator to the quotes disseminated 

to the Options Price Reporting 

Authority (‘‘OPRA’’) that will be the 

daily mark for a series on the applicable 

trading day. The Exchange anticipates 

initially applying this proposed 

definition to SPY options. The proposed 

flexibility will permit the Exchange to 

respond in a timely manner to any 

requests from industry participants and 

maintain alignment between those times 

as appropriate. 

2. Statutory Basis 

The Exchange believes the proposed 

rule change is consistent with the 

Securities Exchange Act of 1934 (the 

‘‘Act’’) and the rules and regulations 

thereunder applicable to the Exchange 

and, in particular, the requirements of 

Section 6(b) of the Act.15 Specifically, 

the Exchange believes the proposed rule 

change is consistent with the Section 

6(b)(5) 16 requirements that the rules of 

an exchange be designed to prevent 

fraudulent and manipulative acts and 

practices, to promote just and equitable 

principles of trade, to foster cooperation 

and coordination with persons engaged 

in regulating, clearing, settling, 

processing information with respect to, 

and facilitating transactions in 

securities, to remove impediments to 

and perfect the mechanism of a free and 

open market and a national market 

system, and, in general, to protect 

investors and the public interest. 

Additionally, the Exchange believes the 

proposed rule change is consistent with 

the Section 6(b)(5) 17 requirement that 

the rules of an exchange not be designed 

to permit unfair discrimination between 

customers, issuers, brokers, or dealers. 

The Exchange also believes the 

proposed rule change furthers the 

objectives of Section 6(c)(3) of the Act,18

which authorizes the Exchange to, 

among other things, prescribe standards 

of financial responsibility or operational 

capability and standards of training, 

experience and competence for its 

Trading Permit Holders and person 

associated with Trading Permit Holders. 

In particular, the Exchange believes 

alignment between the times at which 

related options prices are used to 

calculate daily margin requirements will 

protect investors. In fact, the Exchange 

has received numerous requests from 

market participants to make this change. 

Among other things, the Exchange 

believes this alignment will prevent 

increased risk to market participants 

that hold positions across related 

options products due to potential 

disparities that could occur in relation 

to factors such as margin requirements, 

pay-collect obligations, the 

synchronization of existing hedges, and 

the level of end-of-day risk. Differing 

daily valuation times for these products 

may cause offset relationships between 

options positions to be lost, which may 

distort the true status of risk within a 

market participant’s portfolio. Use of the 

same determination time for margin 

calculations reduces risk of a disconnect 

7762 Federal Register / Vol. 86, No. 19 / Monday, February 1, 2021 / Notices 

19The Exchange is unaware of market 

participants who have been significantly negatively 

impacted by this lack of alignment since the 

marking time for index options changed in October. 

However, the proposed rule change would 

eliminate the potential risk associated with 

misalignment going forward. 

20 15 U.S.C. 78s(b)(3)(A). 

21 17 CFR 240.19b–4(f)(6). In addition, as required 

under Rule 19b–4(f)(6)(iii), the Exchange provided 

the Commission with written notice of its intent to 

file the proposed rule change, along with a brief 

description and the text of the proposed rule 

change, at least five business days prior to the date 

of the filing of the proposed rule change, or such 

shorter time as designated by the Commission. The 

Exchange has satisfied this requirement. 

22For purposes only of waiving the 30-day 

operative delay, the Commission has also 

considered the proposed rule’s impact on 

efficiency, competition, and capital formation. See 

15 U.S.C. 78c(f). 

between the values used in a market 

participant’s securities account for 

related securities. For example, if the 

Exchange continues to use the closing 

prices of ETF options as the current 

market value of those options while the 

marking time of related index options 

uses prices 15 minutes prior to the 

close, there could be a significant 

misalignment between these values, 

particularly if there were to be a large 

price move in the equity markets during 

that 15-minute time period.19

The Exchange believes the proposed 

rule change will also promote just and 

equitable principles of trade and remove 

impediments to and perfect the 

mechanism of a free and open market by 

permitting alignment of daily marks for 

related products that market 

participants often use in a 

complementary manner as part of their 

investment and hedging strategies. The 

Act authorizes the Exchange to 

prescribe standards of financial 

responsibility for Trading Permit 

Holders, and the proposed rule change 

regarding the daily value to be used for 

calculation of daily margin 

requirements for options positions is 

consistent with that authority. 

B. Self-Regulatory Organization’s 

Statement on Burden on Competition 

The Exchange does not believe that 

the proposed rule change will impose 

any burden on competition that is not 

necessary or appropriate in furtherance 

of the purposes of the Act. The primary 

purpose of the proposed rule change is 

to align margin calculations for related 

products in the securities industries. 

The Exchange does not believe the 

proposed rule change will impose any 

burden on intramarket competition that 

is not necessary or appropriate in 

furtherance of the purposes of the Act 

because the proposed change related to 

margin requirements for the designated 

options will apply in the same manner 

to all market participants that hold 

positions in those options. The 

Exchange does not believe the proposed 

rule change will impose any burden on 

intermarket competition that is not 

necessary or appropriate in furtherance 

of the purposes of the Act because the 

proposed rule change relates to margin 

requirements the Exchange imposes on 

its Trading Permit Holders. As noted 

above, the Exchange recently made a 

similar rule change to permit it to align 

the time at which it determines current 

market value for index options with the 

time at which a futures exchange 

determined the daily settlement value 

for related futures products for 

substantially similar purposes. Other 

options exchanges may choose to 

similarly change the time at which 

current market value will be determined 

for purposes of their margin rules. 

C. Self-Regulatory Organization’s 

Statement on Comments on the 

Proposed Rule Change Received From 

Members, Participants, or Others 

The Exchange neither solicited nor 

received comments on the proposed 

rule change. 

III. Date of Effectiveness of the 

Proposed Rule Change and Timing for 

Commission Action 

Because the foregoing proposed rule 

change does not: 

A. Significantly affect the protection 

of investors or the public interest; 

B. impose any significant burden on 

competition; and 

C. become operative for 30 days from 

the date on which it was filed, or such 

shorter time as the Commission may 

designate, it has become effective 

pursuant to Section 19(b)(3)(A) of the 

Act 20 and Rule 19b–4(f)(6) 21

thereunder. 

The Exchange has asked the 

Commission to waive the 30-day 

operative delay so that the proposal may 

become operative immediately upon 

filing. The Exchange stated that it 

believes waiver of the operative delay 

will protect investors by permitting the 

Exchange to align the times at which the 

current market value of ETF options 

with the times at which the current 

market value of related index options in 

securities accounts are determined as 

soon as practicable. The Exchange also 

stated that it believes this will benefit 

market participants by preventing 

potential price distortions between 

related options and reduce pricing risks 

to market participants that hold 

positions in ETF options and related 

index options that may occur if the time 

at which the current market value of 

options was determined differed from 

the time at which the daily settlement 

value of related futures was determined. 

The Exchange also noted the proposed 

rule change is not novel, because the 

Exchange recently made a similar rule 

change to permit it to align the time at 

which it determines current market 

value for index options with the time at 

which a futures exchange determined 

the daily settlement value for related 

futures products for substantially 

similar purposes. The Exchange stated it 

will announce to Trading Permit 

Holders the date on which the change 

will be implemented in accordance with 

Rule 1.5 (i.e., the date will be 

announced via specifications, notices, 

or regulatory circulars with appropriate 

advanced notice, which are posted on 

the Exchange’s website, or as otherwise 

provided in the Rules (among other 

methods)). The Commission believes 

that waiving the 30-day operative delay 

is consistent with the protection of 

investors and the public interest, 

because waiver of the operative delay 

will permit the Exchange to eliminate 

the potential pricing disparities that 

may occur as a result of continued 

misalignment as soon as possible. For 

this reason, the Commission designates 

the proposed rule change to be operative 

upon filing.22

At any time within 60 days of the 

filing of the proposed rule change, the 

Commission summarily may 

temporarily suspend such rule change if 

it appears to the Commission that such 

action is necessary or appropriate in the 

public interest, for the protection of 

investors, or otherwise in furtherance of 

the purposes of the Act. If the 

Commission takes such action, the 

Commission will institute proceedings 

to determine whether the proposed rule 

change should be approved or 

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 (http://www.sec.gov/ 

rules/sro.shtml); or 

• Send an email to rule-comments@

sec.gov. Please include File Number SR– 

CBOE–2021–006 on the subject line. 

Federal Register / Vol. 86, No. 19 / Monday, February 1, 2021 / Notices 7763 

23 17 CFR 200.30–3(a)(12). 

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–CBOE–2021–006. 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 (http://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 

10:00 a.m. and 3:00 p.m. Copies of the 

filing also will be available for 

inspection and copying at the principal 

office of the Exchange. All comments 

received will be posted without change. 

Persons submitting comments are 

cautioned that we do not redact or edit 

personal identifying information from 

comment submissions. You should 

submit only information that you wish 

to make available publicly. All 

submissions should refer to File 

Number SR–CBOE–2021–006 and 

should be submitted on or before 

February 22, 2021. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.23

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2021–02005 Filed 1–29–21; 8:45 am] 

BILLING CODE 8011–01–P 

DEPARTMENT OF STATE 

[Public Notice: 11342] 

Notice of Shipping Coordination 

Committee Meeting in Preparation for 

International Maritime Organization 

Meeting 

The Department of State will conduct 

a public meeting of the Shipping 

Coordination Committee at 10:00 a.m. 

on Thursday, April 29, 2021, by way of 

teleconference. Members of the public 

may participate up to the capacity of the 

teleconference phone line, which will 

handle 500 participants. To access the 

teleconference line, participants should 

call (202) 475–4000 and use Participant 

Code: 138 541 34#. 

The primary purpose of the meeting is 

to prepare for the 103rd session of the 

International Maritime Organization’s 

(IMO) Maritime Safety Committee to be 

held remotely, May 5 to 14, 2021. 

The agenda items to be considered 

include: 

—Adoption of the agenda; report on 

credentials 

—Decisions of other IMO bodies 

—Consideration and adoption of 

amendments to mandatory 

instruments 

—Capacity-building for the 

implementation of new measures 

—Regulatory scoping exercise for the 

use of Maritime Autonomous Surface 

Ships (MASS) 

—Development of further measures to 

enhance the safety of ships relating to 

the use of fuel oil 

—Goal-based new ship construction 

standards 

—Measures to improve domestic ferry 

safety 

—Measures to enhance maritime 

security 

—Piracy and armed robbery against 

ships 

—Unsafe mixed migration by sea 

—Formal safety assessment 

—Human element, training and 

watchkeeping (report of the seventh 

session of the Sub-Committee) 

—Navigation, communications and 

search and rescue 

—Ship design and construction 

—Ship systems and equipment 

—Application of the Committee’s 

method of work 

—Work programme 

—Election of Chair and Vice-Chair for 

2021 

—Any other business 

—Consideration of the report of the 

Committee on its 103rd session 

Please note: the Maritime Safety 

Committee may, on short notice, adjust 

the MSC 103 agenda to accommodate 

the constraints associated with the 

virtual meeting format. Any changes to 

the agenda will be relayed to those who 

contact the meeting coordinator to 

confirm their attendance at the public 

meeting. 

Those who plan to participate may 

contact the meeting coordinator, LT 

Jessica Anderson, by email at 

Jessica.P.Anderson@uscg.mil, by phone 

at (202) 372–1376, or in writing at 2703 

Martin Luther King Jr. Ave. SE Stop 

7509, Washington DC 20593–7509. 

Additional information regarding this 

and other IMO public meetings may be 

found at: https://www.dco.uscg.mil/ 

IMO. 

Jeremy M. Greenwood, 

Executive Secretary, Shipping Coordinating 

Committee, Coast Guard Liaison Officer, 

Office of Ocean and Polar Affairs, Department 

of State. 

[FR Doc. 2021–02101 Filed 1–29–21; 8:45 am] 

BILLING CODE 4710–09–P 

DEPARTMENT OF TRANSPORTATION 

Federal Aviation Administration 

[Docket No. FAA–2020–0621] 

Agency Information Collection 

Activities: Requests for Comments; 

Clearance of a Renewed Approval of 

Information Collection: National Air 

Tours Safety Standards 

AGENCY: Federal Aviation 

Administration (FAA), DOT. 

ACTION: Notice and request for 

comments. 

SUMMARY: In accordance with the 

Paperwork Reduction Act of 1995, FAA 

invites public comments about our 

intention to request the Office of 

Management and Budget (OMB) 

approval to renew an information 

collection. The Federal Register Notice 

with a 60-day comment period soliciting 

comments on the following collection of 

information was published on June 24, 

2020. The collection involves 

requirements in FAA regulations that 

set safety and oversight rules for a broad 

variety of sightseeing and commercial 

air tour flights to improve the overall 

safety of commercial air tours by 

requiring all air tours to submit 

information. 

DATES: Written comments should be 

submitted by March 3, 2021. 

ADDRESSES: Interested persons are 

invited to submit written comments on 

the proposed information collection to 

the Office of Information and Regulatory 

Affairs, Office of Management and 

Budget. Comments should be addressed 

to the attention of the Desk Officer, 

Department of Transportation/FAA, and 

sent via electronic mail to oira_

submission@omb.eop.gov, or faxed to 

(202) 395–6974, or mailed to the Office 

of Information and Regulatory Affairs, 

Office of Management and Budget, 

Docket Library, Room 10102, 725 17th 

Street NW, Washington, DC 20503.