9416 Federal Register / Vol. 86, No. 28 / Friday, February 12, 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). 

4 17 CFR 240.19b–4(f)(2). 

5Capitalized terms used but not defined herein 

have the meanings specified in the ICE Clear 

Europe Clearing Rules. 

Credit Risk Retention (‘‘Regulation 

RR’’) (17 CFR 246.1 through 246.22) 

recordkeeping and disclosure 

requirements implement Section 15G of 

the Securities Exchange Act of 1934 (15 

U.S.C. 78o–11) Section 15G clarifies the 

scope and application of Section 306(a) 

of the Sarbanes-Oxley Act of 2002 (15 

U.S.C. 7244(a)). Section 306(a) of the 

Sarbanes-Oxley Act requires, among 

other things, an issuer to provide timely 

notice to its directors and executive 

officers and to the Commission of the 

imposition of a blackout period that 

would trigger a trading prohibition 

under Section 306(a)(1) of the SarbanesOxley Act. Section 306(a)(1) prohibits 

any director or executive officer of an 

issuer of any equity security, from 

directly or indirectly, purchasing, 

selling or otherwise acquiring or 

transferring any equity security of that 

issuer during the blackout period with 

respect to such equity security, if the 

director or executive officer acquired 

the equity security in connection with 

his or her service or employment. 

Approximately 1,647 issuers file using 

Regulation RR responses and it takes 

approximately 14.389 hours per 

response. We estimate that 75% of the 

14.389 hours per response (10.792 

hours) is prepared by the registrant for 

a total annual reporting burden of 

17,774 hours (10.792 hours per response 

× 1,647 responses). 

Written comments are invited on: (a) 

Whether this proposed collection of 

information is necessary for the proper 

performance of the functions of the 

agency, including whether the 

information will have practical utility; 

(b) the accuracy of the agency’s estimate 

of the burden imposed by the collection 

of information; (c) ways to enhance the 

quality, utility, and clarity of the 

information collected; and (d) ways to 

minimize the burden of the collection of 

information on respondents, including 

through the use of automated collection 

techniques or other forms of information 

technology. Consideration will be given 

to comments and suggestions submitted 

in writing within 60 days of this 

publication. 

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. 

Please direct your written comment to 

David Bottom, Director/Chief 

Information Officer, Securities and 

Exchange Commission, c/o Cynthia 

Roscoe, 100 F Street NE, Washington, 

DC 20549 or send an email to: PRA_

Mailbox@sec.gov. 

Dated: February 8, 2021. 

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2021–02861 Filed 2–11–21; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–91076; File No. SR–ICEEU– 

2021–001] 

Self-Regulatory Organizations; ICE 

Clear Europe Limited; Notice of Filing 

and Immediate Effectiveness of 

Proposed Rule Change Relating to 

Amendments to Clearing Fees for ICE 

Futures Europe Three Month Swiss 

Average Rate Overnight (SARON®) 

Index Futures Contract 

February 8, 2021. 

Pursuant to Section 19(b)(1) of the 

Securities Exchange Act of 1934 

(‘‘Act’’),1 and Rule 19b–4 thereunder,2

notice is hereby given that on February 

1, 2021, ICE Clear Europe Limited (‘‘ICE 

Clear Europe’’) filed with the Securities 

and Exchange Commission 

(‘‘Commission’’) the proposed rule 

changes described in Items I, II and III 

below, which Items have been primarily 

prepared by ICE Clear Europe. ICE Clear 

Europe filed the proposed rule change 

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

Act 3 and Rule 19b–4(f)(2) thereunder,4

so that the proposal was immediately 

effective upon filing with the 

Commission. The Commission is 

publishing this notice to solicit 

comments on the proposed rule change 

from interested persons. 

I. Clearing Agency’s Statement of the 

Terms of Substance of the Proposed 

Rule Change 

ICE Clear Europe Limited (‘‘ICE Clear 

Europe’’) proposes rule changes relating 

to amendments to clearing fees for ICE 

Futures Europe Three Month Swiss 

Average Rate Overnight (SARON®) 

Index futures contract (‘‘Three Month 

SARON’’). The proposed amendments 

do not involve any changes to the ICE 

Clear Europe Clearing Rules or 

Procedures.5

II. Clearing Agency’s Statement of the 

Purpose of, and Statutory Basis for, the 

Proposed Rule Change 

In its filing with the Commission, ICE 

Clear Europe included statements 

concerning the purpose of and basis for 

the proposed rule change. The text of 

these statements may be examined at 

the places specified in Item IV below. 

ICE Clear Europe has prepared 

summaries, set forth in sections (A), (B), 

and (C) below, of the most significant 

aspects of such statements. 

(A) Clearing Agency’s Statement of the 

Purpose of, and Statutory Basis for, the 

Proposed Rule Change 

(a) Purpose 

The purpose of the proposed rule 

changes is for ICE Clear Europe to 

reduce the clearing fees for Three Month 

SARON in line with the changes to the 

notional size of the contract, which the 

Exchange is proposing to decrease in 

size by a factor of four. (Equivalent 

reductions in the trading fee are being 

proposed by the Exchange.) 

As there is no current Open Interest 

in the Three Month SARON contract, 

the proposed change to the notional size 

of the contract is being made to help 

simplify the transition of Open Interest 

from the existing ICE Futures Europe 

Three Month Euroswiss futures contract 

(‘‘Three Month Euroswiss’’), which 

references Three Month Swiss Franc 

LIBOR, to the Three Month SARON 

contract which references the Swiss 

Average Overnight Rate. Currently, 

Three Month SARON is four times 

larger in notional size than Three Month 

Euroswiss so this proposed change will 

enable the transition of Open Interest on 

a one to one futures contract basis. As 

the contract size of the Three Month 

SARON contract is reducing by a factor 

of 4, so the trading and clearing fees will 

reduce by the same amount. Attached 

[sic] as Exhibit 5 is an attachment 

containing tables listing the new fee 

schedules and a Circular in advance of 

the proposed effective date. The new 

fees are intended to come into effect on 

01 March 2021 subject to regulatory 

approval. The proposed revisions to the 

fees are described in detail as follows. 

Federal Register / Vol. 86, No. 28 / Friday, February 12, 2021 / Notices 9417 

6 15 U.S.C. 78q–1. 

7 15 U.S.C. 78q–1(b)(3)(D). Under this provision, 

‘‘[a] clearing agency shall not be registered unless 

the Commission determines that—(D) The rules of 

the clearing agency provide for the equitable 

allocation of reasonable dues, fees, and other 

charges among its participants.’’ 

8 15 U.S.C. 78q–1(b)(3)(F). 

9 15 U.S.C. 78s(b)(3)(A). 

10 17 CFR 240.19b–4(f)(2). 

(b) Statutory Basis 

ICE Clear Europe believes that the 

proposed rule changes are consistent 

with the requirements of the Act, 

including Section 17A of the Act 6 and 

regulations thereunder applicable to it. 

ICE Clear Europe’s fees are imposed at 

the product level on a per transaction 

basis (as are the applicable Exchange 

fees). As a result, the fees apply equally 

to all market participants who trade/ 

clear the Contracts. ICE Clear Europe 

has determined that the reduced fees are 

commensurate with the reduction in the 

notional size of the contract and will 

provide an appropriate balance between 

the costs of clearing, and expenses 

incurred by ICE Clear Europe. As such, 

in ICE Clear Europe’s view, the 

amendments are consistent with the 

equitable allocation of reasonable dues, 

fees and other charges among its 

Clearing Members and other market 

participants, within the meaning of 

Section 17A(b)(3)(D) of the Act,7 and 

further do not unfairly discriminate 

among such participants in their use of 

the Clearing House, within the meaning 

of Section 17A(b)(3)(F) of the Act.8

(B) Self-Regulatory Organization’s 

Statement on Burden on Competition 

ICE Clear Europe does not believe the 

proposed rule changes would have any 

impact, or impose any burden, on 

competition not necessary or 

appropriate in furtherance of the 

purpose of the Act. As discussed above, 

because fees are imposed on a per 

transaction basis at the product level, 

the changes to the fees are applied 

equally to all those market participants 

who trade and/or clear the Contracts. 

The amendments with respect to the 

SARON contract will not result in 

higher fees for particular Clearing 

Members as they are decreasing in line 

with the size of the contract and 

therefore ICE Clear Europe believes that 

the new fees would be set at an 

appropriate level to better reflect the 

cost that the Clearing House takes on by 

facilitating the relevant clearing 

services. ICE Clear Europe does not 

believe that the amendments would 

adversely affect the ability of such 

Clearing Members or other market 

participants generally to access clearing 

services for the Contracts. Further, since 

the revised fees will apply to all 

Clearing Members that clear the 

products, ICE Clear Europe believes that 

the amendments would not otherwise 

affect competition among Clearing 

Members, adversely affect the market for 

clearing services or limit market 

participants’ choices for obtaining 

clearing services. 

(C) Self-Regulatory Organization’s 

Statement on Comments on the 

Proposed Rule Change Received From 

Members, Participants or Others 

Written comments relating to the 

proposed changes to the rules have not 

been solicited or received. ICE Clear 

Europe will notify the Commission of 

any written comments received by ICE 

Clear Europe. 

III. Date of Effectiveness of the 

Proposed Rule Change and Timing for 

Commission Action 

The foregoing rule change has become 

effective pursuant to Section 

19(b)(3)(A) 9 of the Act and paragraph (f) 

of Rule 19b–4 10 thereunder. 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. 

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– 

ICEEU–2021–001 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–ICEEU–2021–001. 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 such 

filings will also be available for 

inspection and copying at the principal 

office of ICE Clear Europe and on ICE 

Clear Europe’s website at https:// 


EN12FE21.000</GPH>
9418 Federal Register / Vol. 86, No. 28 / Friday, February 12, 2021 / Notices 

11 17 CFR 200.30–3(a)(12). 

www.theice.com/notices/ 

Notices.shtml?regulatoryFilings. 

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–ICEEU–2021–001 

and should be submitted on or before 

March 5, 2021. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.11

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2021–02858 Filed 2–11–21; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

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

3235–0292] 

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 

Form F–6 

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’’) 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 for approval. 

Form F–6 (17 CFR 239.36) is a form 

used by foreign companies to register 

the offer and sale of American 

Depositary Receipts (ADRs) under the 

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

seq.). Form F–6 requires disclosure of 

information regarding the terms of the 

depository bank, fees charged, and a 

description of the ADRs. No special 

information regarding the foreign 

company is required to be prepared or 

disclosed, although the foreign company 

must be one which periodically 

furnishes information to the 

Commission. The information is needed 

to ensure that investors in ADRs have 

full disclosure of information 

concerning the deposit agreement and 

the foreign company. Form F–6 takes 

approximately 1.35 hour per response to 

prepare and is filed by 643 respondents 

annually. We estimate that 25% of the 

1.35 hour per response (0.338 hours) is 

prepared by the filer for a total annual 

reporting burden of 217 hours (0.338 

hours per response × 643 responses). 

Written comments are invited on: (a) 

Whether this proposed collection of 

information is necessary for the proper 

performance of the functions of the 

agency, including whether the 

information will have practical utility; 

(b) the accuracy of the agency’s estimate 

of the burden imposed by the collection 

of information; (c) ways to enhance the 

quality, utility, and clarity of the 

information collected; and (d) ways to 

minimize the burden of the collection of 

information on respondents, including 

through the use of automated collection 

techniques or other forms of information 

technology. Consideration will be given 

to comments and suggestions submitted 

in writing within 60 days of this 

publication. 

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. 

Please direct your written comment to 

David Bottom, Director/Chief 

Information Officer, Securities and 

Exchange Commission, c/o Cynthia 

Roscoe, 100 F Street NE, Washington, 

DC 20549 or send an email to: PRA_

Mailbox@sec.gov. 

Dated: February 8, 2021. 

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2021–02864 Filed 2–11–21; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[SEC File No. 270–609, OMB Control 

No.3235–0706] 

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: 

Form ABS–EE 

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’’) 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 for extension 

and approval. 

Form ABS–EE (17 CFR 249.1401) is 

filed by asset-backed issuers to provide 

asset-level information for registered 

offerings of asset-backed securities at 

the time of securitization and on an 

ongoing basis required by Item 1111(h) 

of Regulation AB (17 CFR 229.1111(h)). 

The purpose of the information 

collected on Form ABS–EE is to 

implement the disclosure requirements 

of Section 7(c) of the Securities Act of 

1933 (15 U.S.C. 77g(c)) to provide 

information regarding the use of 

representations and warranties in the 

asset-backed securities markets. We 

estimate that approximately 13,374 

securitizers will file Form ABS–EE 

annually at estimated 170,089 burden 

hours per response. In addition, we 

estimate that 25% of the 50.87152 hours 

per response (12.71788 hours) is carried 

internally by the securitizers for a total 

annual reporting burden of 170,089 

hours (12.71788 hours per response × 

13,374 responses). 

Written comments are invited on: (a) 

Whether this proposed collection of 

information is necessary for the proper 

performance of the functions of the 

agency, including whether the 

information will have practical utility; 

(b) the accuracy of the agency’s estimate 

of the burden imposed by the collection 

of information; (c) ways to enhance the 

quality, utility, and clarity of the 

information collected; and (d) ways to 

minimize the burden of the collection of 

information on respondents, including 

through the use of automated collection 

techniques or other forms of information 

technology. Consideration will be given 

to comments and suggestions submitted 

in writing within 60 days of this 

publication. 

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. 

Please direct your written comment to 

David Bottom, Director/Chief 

Information Officer, Securities and 

Exchange Commission, c/o Cynthia 

Roscoe, 100 F Street NE, Washington, 

DC 20549 or send an email to: PRA_

Mailbox@sec.gov. 

Dated: February 9, 2021. 

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2021–02960 Filed 2–11–21; 8:45 am] 

BILLING CODE 8011–01–P