Federal Register / Vol. 88, No. 185 / Tuesday, September 26, 2023 / Notices 66099 

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

16 17 CFR 240.19b–4(f)(6). In addition, Rule 19b– 

4(f)(6) requires a self-regulatory organization to give 

the Commission written notice of its intent to file 

the proposed rule change at least five business days 

prior to the date of filing of the proposed rule 

change, or such shorter time as designated by the 

Commission. The Exchange has satisfied this 

requirement. 17 17 CFR 200.30–3(a)(12). 

1Because the compliance date for the VaR-based 

reporting requirements was August 1, 2022, we 

have made adjustments to estimate an annual 

number of VAR-based filings. 

2This estimate is based on the following 

calculations: (3 hours × $425/hour for an in house 

compliance attorney = $1,275), plus (1 hour × $386/ 

hour for a senior programmer = $386), for a 

combined total of 4 hours at total time costs of 

$1,661. The estimates concerning the wage rates for 

attorney and senior accountant time are based on 

salary information for the securities industry 

compiled by the Securities Industry and Financial 

Markets Association. The estimated wage figure is 

based on published rates for in-house compliance 

attorneys and senior programmers, modified to 

account for a 1,800-hour work-year and inflation, 

and multiplied by 5.35 to account for bonuses, firm 

Continued 

the protection of investors or the public 

interest; (ii) impose any significant 

burden on competition; and (iii) 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)(iii) of the Act 15 and 

subparagraph (f)(6) of Rule 19b–4 

thereunder.16

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 shall institute proceedings 

to determine whether the proposed rule 

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– 

MRX–2023–16 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–MRX–2023–16. 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 

a.m. and 3 p.m. Copies of the filing also 

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–MRX–2023–16 and should be 

submitted on or before October 17, 

2023. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.17

Sherry R. Haywood, 

Assistant Secretary. 

[FR Doc. 2023–20804 Filed 9–25–23; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[SEC File No. 270–803, OMB Control No. 

3235–0754] 

Proposed Collection; Comment 

Request; Extension: Rule 30b1–10, 

Form N–RN 

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 (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 for extension 

and approval. 

Rule 30b1–10 [17 CFR 270.30b1–10] 

and Form N–RN [17 CFR 274.223] 

require registered open-end 

management investment companies (not 

including entities regulated as money 

market funds under 17 CFR 270.2a–7), 

registered closed-end funds, and 

business development companies 

(collectively, ‘‘funds’’), to file a current 

report on Form N–RN on a non-public 

basis when certain events related to 

their liquidity and events regarding 

funds’ compliance with the VaR-based 

limit on fund leverage risk in 17 CFR 

270.18f–4 (‘‘rule 18f–4’’) occur. The first 

category of information reported on 

Form N–RN concerns events under 

which more than 15% of an open-end 

fund’s net assets are, or become, illiquid 

investments that are assets as defined in 

17 CFR 270.22e–4 (‘‘rule 22e–4’’) and 

when holdings in illiquid investments 

are assets that previously exceeded 15% 

of a fund’s net assets have changed to 

be less than or equal to 15% of the 

fund’s net assets. The second category of 

information reported on Form N–RN 

regards events for certain open-end 

funds under which a fund’s holdings in 

assets that are highly liquid investments 

fall below the fund’s highly liquid 

investment minimum defined in rule 

22e–4 for more than 7 consecutive 

calendar days. The third category of 

information reported on Form N–RN 

regards information about a fund’s 

breaches of the VaR test under rule 18f– 

4. A report on Form N–RN is required 

to be filed, as applicable, within one 

business day of the occurrence of one or 

more of these events. In addition, a fund 

is in certain cases required to file a 

second Form N–RN when it is no longer 

in breach of the applicable limit. 

Based on historical filing data and 

projected estimates of the annual 

number of VAR-based filings, the staff 

estimates that the Commission will 

receive roughly 66 reports per year on 

Form N–RN on average.1 When filing a 

report on Form N–RN, staff estimates 

that a fund will spend on average 

approximately 3 hours of an in-house 

compliance attorney’s time and 1 hour 

of a senior programmer time to prepare, 

review, and submit Form N–RN, at a 

total time cost of $1,661.2 Accordingly, 


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66100 Federal Register / Vol. 88, No. 185 / Tuesday, September 26, 2023 / Notices 

size, employee benefits, and overhead. See 

Securities Industry and Financial Markets 

Association, Report on Management & Professional 

Earnings in the Securities Industry 2013. 

3This estimate is based on the following 

calculations: 66 reports filed per year × 4 hours per 

report = approximately 264 total annual burden 

hours. 66 reports filed per year × $1,661 in costs 

per report = $109,626 total annual costs. 

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

2 17 CFR 240.19b-4. 

3See Securities Exchange Act Release Nos. 98148 

(August 16, 2023), 88 FR 57150 (SR–NYSE–2023– 

29); 98149 (August 16, 2023), 88 FR 57154 (SR– 

NYSEAMER–2023–39); 98150 (August 16, 2023), 88 

FR 57142 (SR–NYSEArca-2023–53); 98151 (August 

16, 2023), 88 FR 57159 (SR–NYSECHX–2023–16). 

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

5 15 U.S.C. 78s(b)(2). 

6 17 CFR 200.30–3(a)(31). 

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

2 17 CFR 240.19b–4. 

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

4 17 CFR 240.19b–4(f)(6). 

in the aggregate, staff estimates that 

compliance with rule 30b1–10 and 

Form N–RN will result in a total annual 

burden of approximately 264 burden 

hours and total annual time costs of 

approximately $109,626.3

Compliance with rule 30b1–10 is 

mandatory for all funds. Responses to 

the disclosure requirements will be kept 

confidential. The estimate of average 

burden hours is made solely for the 

purposes of the PRA. The estimate is not 

derived from a comprehensive or even 

a representative survey or study of the 

costs of Commission rules. Complying 

with this collection of information 

requirement is necessary to enable the 

Commission to receive information on 

fund liquidity events more uniformly 

and efficiently, and to enhance the 

Commission’s oversight of funds when 

significant liquidity events occur and its 

ability to respond to market events. 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. 

Written comments are invited on: (a) 

whether the proposed collection of 

information is necessary for the proper 

performance of the functions of the 

Commission, including whether the 

information shall have practical utility; 

(b) the accuracy of the Commission’s 

estimate of the burden of 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 

by November 27, 2023, 

An agency may not conduct or 

sponsor, and a person is not required to 

respond to, a collection of information 

under the PRA unless it displays a 

currently valid OMB control number. 

Please direct your written comments 

to: David Bottom, Acting Director/Chief 

Information Officer, Securities and 

Exchange Commission, c/o John 

Pezzullo, 100 F Street NE, Washington, 

DC 20549 or send an email to: PRA_

Mailbox@sec.gov. 

Dated: September 21, 2023. 

Sherry R. Haywood, 

Assistant Secretary. 

[FR Doc. 2023–20907 Filed 9–25–23; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–98458; File Nos. SR–NYSE– 

2023–29, SR–NYSEAMER–2023–39, SR– 

NYSEArca-2023–53, SR–NYSECHX–2023– 

16] 

Self-Regulatory Organizations; New 

York Stock Exchange LLC; NYSE 

American LLC; NYSE Arca, Inc.; NYSE 

Chicago, Inc.; Notice of Designation of 

a Longer Period for Commission 

Action on Proposed Rule Change To 

Amend the Connectivity Fee Schedule 

Regarding Power Allocation 

September 20, 2023. 

On August 3, 2023, New York Stock 

Exchange LLC, NYSE American LLC, 

NYSE Arca, Inc., and NYSE Chicago, 

Inc. each 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 the 

connectivity fee schedule to include an 

alternative procedure to allocate power 

in the Mahwah Data Center. The 

proposed rule changes were published 

for comment in the Federal Register on 

August 22, 2023.3 The Commission has 

received no comments on the proposed 

rule change. 

Section 19(b)(2) of the Act 4 provides 

that within 45 days of the publication of 

notice of the filing of a proposed rule 

change, or within such longer period up 

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 notices for these 

proposed rule changes is October 6, 

2023. 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 

and the comments received. 

Accordingly, the Commission, pursuant 

to section 19(b)(2) of the Act,5

designates November 20, 2023 as the 

date by which the Commission shall 

either approve or disapprove, or 

institute proceedings to determine 

whether to disapprove, the proposed 

rule changes (File Nos. SR–NYSE–2023– 

29, SR–NYSEAMER–2023–39, SR– 

NYSEArca-2023–53, SR–NYSECHX– 

2023–16). 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.6

Sherry R. Haywood, 

Assistant Secretary. 

[FR Doc. 2023–20814 Filed 9–25–23; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–98446; File No. SR–BOX– 

2023–24] 

Self-Regulatory Organizations; BOX 

Exchange LLC; Notice of Filing and 

Immediate Effectiveness of a Proposed 

Rule Change To Amend the Fee 

Schedule for Trading on the BOX 

Options Market LLC Facility To Amend 

the Language and Process Related to 

the Options Regulatory Fee 

September 20, 2023. 

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 

September 13, 2023, BOX Exchange LLC 

(the ‘‘Exchange’’) 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 Exchange filed the 

proposed rule change pursuant to 

section 19(b)(3)(A)(ii) of the Act,3 and 

Rule 19b–4(f)(6) thereunder,4 which 

renders the proposal effective upon 

filing with the Commission. The 

Commission is publishing this notice to 


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