Federal Register / Vol. 88, No. 188 / Friday, September 29, 2023 / Notices 67407 

21 17 CFR 200.30–3(a)(12). 

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

2 17 CFR 240.19b–4. 

3Securities Exchange Act Release No. 98213 

(Aug. 24, 2023), 88 FR 59968 (Aug. 30, 2023) (File 

No. SR–NSCC–2023–007) (‘‘Notice of Filing’’). 

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

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

6 Id. 

7 Id. 

8 17 CFR 200.30–3(a)(31). 

For the Commission, by the Division 

of Trading and Markets, pursuant to 

delegated authority.21

Sherry R. Haywood, 

Assistant Secretary. 

[FR Doc. 2023–21340 Filed 9–28–23; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[SEC File No. 270–422, OMB Control No. 

3235–0471] 

Submission for OMB Review; 

Comment Request; Extension: Rule 

15c1–5 

Upon Written Request, Copies Available 

From: U.S. 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 

(‘PRA’’) (44 U.S.C. 3501 et seq.), the 

Securities and Exchange Commission 

(‘‘Commission’’) has submitted to the 

Office of Management and Budget 

(‘‘OMB’’) a request for approval of 

extension of the previously approved 

collection of information provided for in 

Rule 15c1–5 (17 CFR 240.15c1–5) under 

the Securities Exchange Act of 1934 (15 

U.S.C. 78a et seq.). 

Rule 15c1–5 states that any brokerdealer controlled by, controlling, or 

under common control with the issuer 

of a security that the broker-dealer is 

trying to sell to or buy from a customer 

must give the customer written 

notification disclosing the control 

relationship at or before completion of 

the transaction. The Commission 

estimates that 175 respondents provide 

notifications annually under Rule 15c1– 

5 and that each respondent would 

spend approximately 10 hours per year 

complying with the requirements of the 

rule for a total burden of approximately 

1,750 hours per year. There is no 

retention period requirement under 

Rule 15c1–5. This Rule does not involve 

the collection of confidential 

information. 

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. 

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 by 

October 30, 2023 to 

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

PRAMain and (ii) David Bottom, 

Director/Chief Information Officer, 

Securities and Exchange Commission, c/ 

o John Pezzullo, 100 F Street NE, 

Washington, DC 20549, or by sending an 

email to: PRA_Mailbox@sec.gov. 

Dated: September 26, 2023. 

Sherry R. Haywood, 

Assistant Secretary. 

[FR Doc. 2023–21429 Filed 9–28–23; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–98508; File No. SR–NCC– 

2023–007] 

Self-Regulatory Organizations; 

National Securities Clearing 

Corporation; Notice of Designation of 

Longer Period for Commission Action 

on Proposed Rule Change by National 

Securities Clearing Corporation To 

Modify the Amended and Restated 

Stock Options and Futures Settlement 

Agreement and Make Certain 

Revisions to the NSCC Rules 

September 25, 2023. 

On August 10, 2023, the Options 

Clearing Corporation (‘‘OCC’’) filed with 

the Securities and Exchange 

Commission (‘‘Commission’’) the 

proposed rule change SR–OCC–2023– 

003 pursuant to Section 19(b) of the 

Securities Exchange Act of 1934 

(‘‘Exchange Act’’) 1 and Rule 19b–4 2

thereunder to modify the Amended and 

Restated Stock Options and Futures 

Settlement Agreement between NSCC 

and The Options Clearing Corporation 

and make certain related revisions to 

Rule 18, Procedure III and Addendum K 

of the NSCC Rules & Procedures. The 

proposed rule change was published for 

public comment in the Federal Register 

on August 30, 2023.3 The Commission 

has received no comments regarding the 

proposal described in the proposed rule 

change. 

Section 19(b)(2)(i) of the Exchange 

Act 4 provides that, within 45 days of 

the publication of notice of the filing of 

a proposed rule change, 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 unless 

the Commission extends the period 

within which it must act as provided in 

Section 19(b)(2)(ii) of the Exchange 

Act.5 Section 19(b)(2)(ii) of the 

Exchange Act allows the Commission to 

designate a longer period for review (up 

to 90 days from the publication of notice 

of the filing of a proposed rule change) 

if the Commission finds such longer 

period to be appropriate and publishes 

its reasons for so finding, or as to which 

the self-regulatory organization 

consents.6

The 45th day after publication of the 

Notice of Filing is October 14, 2023. In 

order to provide the Commission with 

sufficient time to consider the Proposed 

Rule Change, the Commission finds that 

it is appropriate to designate a longer 

period within which to take action on 

the proposed rule change and therefore 

is extending this 45-day time period. 

Accordingly, the Commission, 

pursuant to Section 19(b)(2) of the 

Exchange Act,7 designates November 

28, 2023, as the date by which the 

Commission shall either approve, 

disapprove, or institute proceedings to 

determine whether to disapprove 

proposed rule change SR–NCC–2023– 

007. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.8

Sherry R. Haywood, 

Assistant Secretary. 

[FR Doc. 2023–21345 Filed 9–28–23; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–98505; File No. SR–OCC– 

2023–007] 

Self-Regulatory Organizations; The 

Options Clearing Corporation; Notice 

of Designation of Longer Period for 

Commission Action on Proposed Rule 

Change Concerning Modifications to 

the Amended and Restated Stock 

Options and Futures Settlement 

Agreement Between the Options 

Clearing Corporation and the National 

Securities Clearing Corporation 

September 25, 2023. 

On August 10, 2023, the Options 

Clearing Corporation (‘‘OCC’’) filed with 

the Securities and Exchange 


lotter on DSK11XQN23PROD with NOTICES1
67408 Federal Register / Vol. 88, No. 188 / Friday, September 29, 2023 / Notices 

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

2 17 CFR 240.19b–4. 

3See Notice of Filing infra note 4, at 88 FR 59976. 

4Securities Exchange Act Release No. 98215 

(Aug. 24, 2023), 88 FR 59976 (Aug. 30, 2023) (File 

No. SR–OCC–2023–007) (‘‘Notice of Filing’’). OCC 

also filed a related advance notice (SR–OCC–2023– 

801) (‘‘Advance Notice’’) with the Commission 

pursuant to Section 806(e)(1) of Title VIII of the 

Dodd-Frank Wall Street Reform and Consumer 

Protection Act, entitled the Payment, Clearing, and 

Settlement Supervision Act of 2010 and Rule 19b– 

4(n)(1)(i) under the Exchange Act. 12 U.S.C. 

5465(e)(1). 15 U.S.C. 78s(b)(1) and 17 CFR 240.19b– 

4, respectively. The Advance Notice was published 

in the Federal Register on August 30, 2023. 

Securities Exchange Act Release No. 98214 (Aug. 

24, 2023), 88 FR 59988 (Aug. 30, 2023) (File No. 

SR–OCC–2023–801). 

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

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

7 Id. 

8 Id. 

9 17 CFR 200.30–3(a)(12). 

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). 

5See Rule 5.33(d). 

6See Rule 5.38. 

7See Rule 5.40. 

8See Rules 5.33(d)(3), 5.38(d)(1), and 5.40(d)(1). 

Commission (‘‘Commission’’) the 

proposed rule change SR–OCC–2023– 

007 (‘‘Proposed Rule Change’’) pursuant 

to Section 19(b) of the Securities 

Exchange Act of 1934 (‘‘Exchange 

Act’’) 1 and Rule 19b–4 2 thereunder to 

modify the Amended and Restated 

Stock Options and Futures Settlement 

Agreement dated August 5, 2017 

between OCC and National Securities 

Clearing Corporation and make certain 

revisions to OCC By-Laws, OCC Rules, 

OCC’s Comprehensive Stress Testing & 

Clearing Fund Methodology, and 

Liquidity Risk Management Description 

and OCC’s Liquidity Risk Management 

Framework in connection with the 

proposed modifications to the Existing 

Accord.3 The Proposed Rule Change 

was published for public comment in 

the Federal Register on August 30, 

2023.4 The Commission has received no 

comments regarding the Proposed Rule 

Change. 

Section 19(b)(2)(i) of the Exchange 

Act 5 provides that, within 45 days of 

the publication of notice of the filing of 

a proposed rule change, 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 unless 

the Commission extends the period 

within which it must act as provided in 

Section 19(b)(2)(ii) of the Exchange 

Act.6 Section 19(b)(2)(ii) of the 

Exchange Act allows the Commission to 

designate a longer period for review (up 

to 90 days from the publication of notice 

of the filing of a proposed rule change) 

if the Commission finds such longer 

period to be appropriate and publishes 

its reasons for so finding, or as to which 

the self-regulatory organization 

consents.7

The 45th day after publication of the 

Notice of Filing is October 14, 2023. In 

order to provide the Commission with 

sufficient time to consider the Proposed 

Rule Change, the Commission finds that 

it is appropriate to designate a longer 

period within which to take action on 

the Proposed Rule Change and therefore 

is extending this 45-day time period. 

Accordingly, the Commission, 

pursuant to Section 19(b)(2) of the 

Exchange Act,8 designates November 

28, 2023, as the date by which the 

Commission shall either approve, 

disapprove, or institute proceedings to 

determine whether to disapprove 

proposed rule change SR–OCC–2023– 

007. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.9

Sherry R. Haywood, 

Assistant Secretary. 

[FR Doc. 2023–21344 Filed 9–28–23; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–98502; File No. SR–CBOE– 

2023–051] 

Self-Regulatory Organizations; Cboe 

Exchange, Inc.; Notice of Filing and 

Immediate Effectiveness of a Proposed 

Rule Change To Amend Its Rules 

Regarding Early Termination of 

Complex Order Auctions 

September 25, 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 15, 2023, 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, II, and 

III, 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 

its rules regarding early termination of 

complex order auctions. The text of the 

proposed rule change is provided in 

Exhibit 5. 

The text of the proposed rule change 

is also available on the Exchange’s 

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

AboutCBOE/

CBOELegalRegulatoryHome.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 

certain of its rules regarding the early 

termination of complex order auctions. 

The Exchange offers several auction 

mechanisms for complex orders, 

including the Complex Order Auction 

(‘‘COA’’),5 the Complex Automated 

Improvement Mechanism (‘‘C–AIM’’),6

and the Complex Solicitation Auction 

Mechanism (‘‘C–SAM’’).7 The Rules 

regarding each of these complex order 

auction mechanisms contain provisions 

that describe what events may cause the 

applicable auction to terminate prior to 

the end of the auction timer.8 These 

provisions generally correspond to the 

pricing requirements to begin an 

auction. This ensures that the auction 

will not continue if the market changes 

in a manner that would create a 

situation in which the auction would 

not have been permitted to begin. 


lotter on DSK11XQN23PROD with NOTICES1