Federal Register / Vol. 86, No. 38 / Monday, March 1, 2021 / Notices 12045 

1We base this estimate on the average number of 

filers with CIKs who have obtained access codes to 

EDGAR for the past three fiscal years. (524 + 359 

+ 330)/3 = 404. 

2We base this estimate on the number of Form 

ID filings for filers with no CIKs for the past three 

fiscal years and subtracting it from the current 

approved estimate. ((49,269 + 48,136 + 46,861)/3) 

¥ 46,842 = 1,247. 

3 46,842 + 404 + 1,247 = 48,493. 

4 48,493 × 0.15 = 7,274. 

5See Adoption of Updated EDGAR Filer Manual, 

Proposed Collection and Comment Request for 

Form ID, Release No. 33–10902 (Dec. 11, 2020) [86 

FR 7968] (Feb. 3, 2021)] (allowing applicants to 

EDGAR the option of obtaining electronic 

notarizations and remote online notarizations). The 

Commission also amended 17 CFR 232.10(b) to 

remove the manual signature requirement for 

EDGAR access requests to allow electronic 

signature requests. Id. The methods of notarization 

provide an efficient means of authenticating 

signatures in connection with requests for EDGAR 

access. 

1 15 U.S.C. 78k–1. 

2 17 CFR 242.608. 

3See Letter from Robert Books, Chair, UTP 

Operating Committee, to Vanessa Countryman, 

Secretary, Commission (Feb. 11, 2021). 

4The Participants are: Cboe BYX Exchange, Inc., 

Cboe BZX Exchange, Inc., Cboe EDGA Exchange, 

Inc., Cboe EDGX Exchange, Inc., Cboe Exchange, 

Inc., Financial Industry Regulatory Authority, Inc., 

The Investors’ Exchange LLC, Long-Term Stock 

Exchange, Inc., MEMX LLC, MIAX PEARL, LLC, 

Nasdaq BX, Inc., Nasdaq ISE, LLC, Nasdaq PHLX, 

Inc., The Nasdaq Stock Market LLC, New York 

Stock Exchange LLC, NYSE American LLC, NYSE 

Arca, Inc., NYSE Chicago, Inc., and NYSE National, 

Inc. (collectively, the ‘‘Participants’’). 

For the Commission, by the Division 

of Investment Management, under 

delegated authority. 

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2021–04075 Filed 2–26–21; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Extension Form Id 3235–0328] 

Submission for OMB Review; 

Comment Request; 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 ‘‘Paperwork 

Reduction Act’’), 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. 

Form ID (OMB Control No. 3235– 

0328) must be completed and filed with 

the Commission by all individuals, 

companies, and other organizations who 

seek access to file electronically on the 

Commission’s primary electronic filing 

system, Electronic Data Gathering, 

Analysis and Retrieval system 

(‘‘EDGAR’’). Those seeking access to file 

on EDGAR typically include those who 

are required to make certain disclosures 

pursuant to the federal securities laws. 

The information provided on Form ID is 

an essential part of the security of 

EDGAR. Form ID is not a public 

document because it is used solely for 

the purpose of screening applicants and 

granting access to EDGAR. Form ID 

must be submitted whenever an 

applicant seeks an EDGAR 

identification number (Central Index 

Key or CIK) and access codes to file on 

EDGAR. 

The Commission may consider, 

among other things, amendments to 

Form ID that would result in a more 

uniform and secure process for EDGAR 

access by requiring certain applicants 

that already have a CIK, but do not have 

EDGAR access codes, to submit the 

Form ID to obtain access to EDGAR. If 

these amendments are adopted, for 

purposes of the Paperwork Reduction 

Act, the estimated total number of 

annual Form ID filings for filers with 

CIKs that need to obtain access codes is 

approximately 404 filings.1

Additionally, we would update the 

current approved estimate of the annual 

number of Form ID filings for new filers 

without CIKs (46,842 filings) by 

approximately 1,247 filings.2

Thus, for purposes of the Paperwork 

Reduction Act, the estimated total 

number of annual Form ID filings would 

increase from 46,842 filings to 48,493 

filings.3 The estimate of 0.15 hours per 

response would stay the same, as the 

filers with CIKs would be filling out the 

same information as filers without CIKs. 

The estimated total annual burden 

would increase from 7,026 hours to 

7,274 hours.4 The estimate that the filers 

are responsible for 100% of the total 

burden hours would stay the same. 

In relation to the potential 

amendments described above, the 

Commission may consider amending 

the Form ID to delete references to 

applicants that do not have CIKs. If 

adopted, this amendment would clarify 

that a Form ID submission would also 

be required by applicants that already 

have CIKs but do not have EDGAR 

access codes. Separately, the 

Commission may also consider 

modifying Form ID to update its 

instructions and cross-references to 

Volume I of the EDGAR Filer Manual.5

Other than the potential amendments 

to require certain applicants that already 

have a CIK, but do not have EDGAR 

access codes, to submit the Form ID, we 

do not believe that these additional 

amendments to the Form ID would 

make any substantive modifications to 

any existing collection of information 

requirements or impose any new 

substantive recordkeeping or 

information collection requirements 

within the meaning of the Paperwork 

Reduction Act. 

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 to (i) www.reginfo.gov/public/do/ 

PRAMain and (ii) David Bottom, 

Director/Chief Information Officer, 

Securities and Exchange Commission, c/ 

o Cynthia Roscoe, 100 F Street NE, 

Washington, DC 20549, or by sending an 

email to: PRA_Mailbox@sec.gov. 

Dated: February 24, 2021. 

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2021–04139 Filed 2–26–21; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–91190; File No. S7–24–89] 

Joint Industry Plan; Notice of Filing 

and Immediate Effectiveness of the 

Fiftieth Amendment to the Joint SelfRegulatory Organization Plan 

Governing the Collection, 

Consolidation and Dissemination of 

Quotation and Transaction Information 

for Nasdaq-Listed Securities Traded on 

Exchanges on an Unlisted Trading 

Privileges Basis 

February 23, 2021. 

Pursuant to Section 11A of the 

Securities Exchange Act of 1934 

(‘‘Act’’) 1 and Rule 608 thereunder,2

notice is hereby given that on February 

11, 2021,3 the Participants 4 in the Joint 

Self-Regulatory Organization Plan 

Governing the Collection, Consolidation 

and Dissemination of Quotation and 

Transaction Information for NasdaqListed Securities Traded on Exchanges 

12046 Federal Register / Vol. 86, No. 38 / Monday, March 1, 2021 / Notices 

5The Amendment was posted to the Plan website 

on February 12, 2021. See Email from James P. 

Dombach, Counsel to the Plan, to Michael E. Coe, 

Assistant Director, Commission, et al. (Feb. 12, 

2021). 

6The Participants previously, on December 5, 

2016, filed an amendment to the provisions of the 

Plan governing regulatory and operation halts. This 

amendment was not acted upon by the Commission 

and was withdrawn by the Participants. See Letter 

from Robert Books, UTP Chair, to Vanessa 

Countryman, Secretary, Commission (Nov. 17, 

2020). 

7 17 CFR 242.608(b)(2). 

8Regulatory Halt is defined in Section X.A.10 as 

‘‘a halt declared by the Primary Listing Market in 

trading in one or more securities on all Trading 

Centers for regulatory purposes, including for the 

dissemination of material news, news pending, 

suspensions, or where otherwise necessary to 

maintain a fair and orderly market. A Regulatory 

Halt includes a trading pause triggered by Limit Up 

Limit Down, a halt based on Extraordinary Market 

Activity, a trading halt triggered by a Market-Wide 

Circuit Breaker, and a SIP Halt.’’ 

9The ‘‘Primary Listing Market’’ is defined in 

Section X.A.8 as ‘‘the national securities exchange 

on which an Eligible Security is listed. If an Eligible 

Security is listed on more than one national 

securities exchange, Primary Listing Market means 

the exchange on which the security has been listed 

the longest.’’ 

10SIP Outage is defined in Section X.A.13 as ‘‘a 

situation in which the Processor has ceased, or 

anticipates being unable, to provide updated and/ 

or accurate quotation or last sale price information 

in one or more securities for a material period that 

exceeds the time thresholds for an orderly failover 

to backup facilities established by mutual 

agreement among the Processor, the Primary Listing 

Market for the affected securities, and the Operating 

Committee unless the Primary Listing Market, in 

consultation with the Processor and the Operating 

Committee, determines that resumption of accurate 

data is expected in the near future.’’ 

11Material SIP Latency is defined in Section 

X.A.5 as ‘‘a delay of quotation or last sale price 

information in one or more securities between the 

time data is received by the Processor and the time 

the Processor disseminates the data over the high 

speed line or over the ‘‘high speed line’’ under the 

CQ Plan, which delay the Primary Listing Market 

determines, in consultation with, and in accordance 

with, publicly disclosed guidelines established by 

the Operating Committee, to be (a) material and (b) 

unlikely to be resolved in the near future.’’ 

12Extraordinary Market Activity is defined in 

Section X.A.1 as ‘‘a disruption or malfunction of 

any electronic quotation, communication, reporting, 

or execution system operated by, or linked to, the 

Processor or a Trading Center or a member of such 

Trading Center that has a severe and continuing 

negative impact, on a market-wide basis, on 

quoting, order, or trading activity or on the 

availability of market information necessary to 

maintain a fair and orderly market. For purposes of 

this definition, a severe and continuing negative 

impact on quoting, order, or trading activity 

includes (i) a series of quotes, orders, or 

transactions at prices substantially unrelated to the 

current market for the security or securities; (ii) 

duplicative or erroneous quoting, order, trade 

reporting, or other related message traffic between 

one or more Trading Centers or their members; or 

(iii) the unavailability of quoting, order, transaction 

information, or regulatory messages for a sustained 

period.’’ In the originally proposed amendment in 

2016, Extraordinary Market Activity was defined to 

include disruptions or malfunctions on a market. 

After discussions with SEC Staff, the Participants 

revised this provision to solely limit the definition 

to disruptions or malfunctions that occur on a 

market-wide basis. 

13See Section X.C. In the originally proposed 

amendment in 2016, the Primary Listing Market 

could have declared a Regulatory Halt ‘‘when 

otherwise necessary to maintain a fair and orderly 

market or in the public interest.’’ After discussions 

with SEC Staff, the Participants revised this 

provision as part of the current Amendment in 

order to provide greater detail as to when a 

Regulatory Halt may be declared. The definitions of 

SIP Outage, Material SIP Latency, and 

Extraordinary Market Activity appear in Section 

X.A. 

14SIP Halt Resume Time is defined in Section 

X.A.12 as ‘‘the time that the Primary Listing Market 

determines as the end of a SIP Halt.’’ 

15See Section X.H. 

16See id. 

on an Unlisted Trading Privileges Basis 

(‘‘UTP Plan’’ or ‘‘Plan’’) filed with the 

Securities and Exchange Commission 

(‘‘Commission’’) a proposal to amend 

the UTP Plan.5 The amendment 

represents the Fiftieth Amendment to 

the Plan (‘‘Amendment’’). Under the 

Amendment, the Participants propose 

revisions to the provisions of the Plan 

governing regulatory and operational 

halts.6

The proposed Amendment has been 

filed by the Participants pursuant to 

Rule 608(b)(2) under Regulation NMS.7

The Commission is publishing this 

notice to solicit comments from 

interested persons on the proposed 

Amendment. Set forth in Sections I and 

II is the statement of the purpose and 

summary of the Amendment, along with 

the information required by Rules 608(a) 

and 601(a) under the Act, prepared and 

submitted by the Participants to the 

Commission. 

I. Rule 608(a) 

A. Purpose of the Amendment 

The purpose of the Amendment is to 

incorporate into the UTP Plan the same 

processes for Regulatory Halts that are 

proposed by the equity exchanges. 

Consistent with the proposals from the 

equity exchanges, the Primary Listing 

Market may declare a Regulatory Halt 8

in trading for any security for which it 

is the Primary Listing Market.9 The 

Participants believe that it is 

appropriate for the Primary Listing 

Market to declare a Regulatory Halt in 

order to vest the authority to declare a 

Regulatory Halt in a single entity, and 

with respect to any given security, the 

Primary Listing Market is best 

positioned to determine when to initiate 

and end a Regulatory Halt. 

The Primary Listing Market may 

declare a Regulatory Halt as provided 

for in the rules of the Primary Listing 

Market, if it determines that there is a 

SIP Outage,10 Material SIP Latency,11

Extraordinary Market Activity,12 or in 

the event of national, regional, or 

localized disruption that necessitates a 

Regulatory Halt to maintain a fair and 

orderly market.13 In making such 

determination, the Primary Listing 

Market will consider the totality of 

information available concerning the 

severity of the disruption, its likely 

duration, and potential impact on 

Member Firms and other market 

participants, and will make a good-faith 

determination that the criteria to declare 

a Regulatory Halt have been satisfied 

and that a Regulatory Halt is 

appropriate. The Primary Listing Market 

will consult, if feasible before declaring 

a Regulatory Halt, with the affected 

Trading Center(s), other Participants, or 

the Processor, as applicable, regarding 

the scope of the issue and what steps are 

being taken to address the issue. 

Should the Primary Listing Market 

declare a Regulatory Halt, the Primary 

Listing Market will determine the SIP 

Halt Resume Time.14 The Primary 

Listing Market will declare a 

resumption of trading when it makes a 

good-faith determination and considers 

the totality of information to determine 

that trading may resume in a fair and 

orderly manner in accordance with its 

rules. The Primary Listing Market 

retains discretion to delay the SIP Halt 

Resume Time if it believes trading will 

not resume in a fair and orderly manner. 

The Primary Listing Market has the 

responsibility to notify all other 

Participants of the initiation of the halt 

as well as the lifting of the halt. The 

notification process will be mutually 

agreed to by the Operating Committee 

and the Primary Listing Market.15

During Regular Trading Hours, if the 

Primary Listing Market does not open a 

security within the amount of time as 

specified by the rules of the Primary 

Listing Market after the SIP Halt Resume 

Time, a Participant may resume trading 

in that security. Outside of Regular 

Trading Hours, a Participant may 

resume trading immediately after the 

SIP Halt Resume Time. 

The amendment provides that the 

Processor shall disseminate to the 

Participants notice of the Regulatory 

Halt as well as notice of the lifting of a 

Regulatory Halt through any means the 

Processor considers appropriate.16

B. Governing or Constituent Documents 

Not applicable. 

C. Implementation of Amendment 

All of the Participants have 

manifested their approval of the 

proposed amendment by means of their 

execution of the UTP Plan Amendment. 

The Participants also solicited the 

Advisory Committee for its thoughts 

and any comments on the amendment. 

The UTP Plan Amendment would 

Federal Register / Vol. 86, No. 38 / Monday, March 1, 2021 / Notices 12047 

17 17 CFR 200.30–3(a)(85). 

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

2 17 CFR 240.19b–4. 

become operational upon approval by 

the Commission. 

D. Development and Implementation 

Phases 

The amendment proposed herein 

would be implemented to coincide with 

amendments filed by the equity 

exchanges and approved by the 

Commission. 

E. Analysis of Impact on Competition 

The amendment proposed herein does 

not impose any burden on competition 

that is not necessary or appropriate in 

furtherance of the purposes of the Act 

because the amendment simply 

incorporates into the UTP Plan the 

processes for Regulatory Halts that will 

be proposed by the equity exchanges. 

The Participants do not believe that the 

proposed amendment introduces terms 

that are unreasonably discriminatory for 

the purposes of Section 11A(c)(1)(D) of 

the Act. 

F. Written Understanding or Agreements 

Relating to Interpretation of, or 

Participation in, Plan 

Not applicable. 

G. Approval by Sponsors in Accordance 

With Plan 

Section IV(C)(1)(a) of the UTP Plan 

requires the Participants to 

unanimously approve the amendment 

proposed herein. They so approved it. 

H. Description of Operation of Facility 

Contemplated by the Proposed 

Amendment 

Not applicable. 

I. Terms and Conditions of Access 

Not applicable. 

J. Method of Determination and 

Imposition, and Amount of, Fees and 

Charges 

Not applicable. 

K. Method and Frequency of Processor 

Evaluation 

Not applicable. 

L. Dispute Resolution 

Not applicable. 

II. Regulation NMS Rule 601(a) (Solely 

in Its Application to the Amendment to 

the UTP Plan) 

A. Equity Securities for Which 

Transaction Reports Shall Be Required 

by the Plan 

Not applicable. 

B. Reporting Requirements 

Not applicable. 

C. Manner of Collecting, Processing, 

Sequencing, Making Available and 

Disseminating Last Sale Information 

Not applicable. 

D. Manner of Consolidation 

Not applicable. 

E. Standards and Methods Ensuring 

Promptness, Accuracy and 

Completeness of Transaction Reports 

Not applicable. 

F. Rules and Procedures Addressed to 

Fraudulent or Manipulative 

Dissemination 

Not applicable. 

G. Terms of Access to Transaction 

Reports 

Not applicable. 

H. Identification of Marketplace of 

Execution 

Not applicable. 

III. Solicitation of Comments 

The Commission seeks comments on 

the Amendment. Interested persons are 

invited to submit written data, views, 

and arguments concerning the 

foregoing, including whether the 

proposed Amendment is consistent with 

the Act and the rules and regulations 

thereunder applicable to national 

market system plans. 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 S7– 

24–89 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 S7–24–89. 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 

website (http://www.sec.gov/rules/ 

sro.shtml). Copies of the submission, all 

written statements with respect to the 

proposed Amendment that are filed 

with the Commission, and all written 

communications relating to the 

proposed Amendment 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 website 

viewing and printing at the principal 

office of the Plan. All comments 

received will be posted without change; 

the Commission does not edit personal 

identifying information from 

submissions. You should submit only 

information that you wish to make 

available publicly. All submissions 

should refer to File Number S7–24–89 

and should be submitted on or before 

March 22, 2021. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.17

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2021–04089 Filed 2–26–21; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–91191; File No. SR– 

CboeEDGX–2021–010] 

Self-Regulatory Organizations; Cboe 

EDGX Exchange, Inc.; Notice of Filing 

and Immediate Effectiveness of a 

Proposed Rule Change To Amend 

Order Start Times During Its Early 

Trading Session 

February 23, 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 

11, 2021, Cboe EDGX Exchange, Inc. 

(the ‘‘Exchange’’ or ‘‘EDGX’’) filed with 

the Securities and Exchange 

Commission (‘‘Commission’’) the 

proposed rule change as described in 

Items I and II below, which Items have 

been prepared by the Exchange. 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 EDGX Exchange, Inc. (the 

‘‘Exchange’’ or ‘‘EDGX’’) proposes to 

amend order start times during its Early 

Trading Session. The text of the