Federal Register / Vol. 88, No. 198 / Monday, October 16, 2023 / Notices 71387 

1Rule 17a–5(c) requires a broker or dealer to 

furnish certain of its financial information to 

customers and is subject to a separate PRA filing 

(OMB Control Number 3235–0199). 

II. Docketed Proceeding(s) 

1. Docket No(s).: MC2024–2 and 

CP2024–2; Filing Title: USPS Request to 

Add USPS Ground Advantage Contract 

4 to Competitive Product List and 

Notice of Filing Materials Under Seal; 

Filing Acceptance Date: October 6, 

2023; Filing Authority: 39 U.S.C. 3642, 

39 CFR 3040.130 through 3040.135, and 

39 CFR 3035.105; Public Representative: 

Jennaca D. Upperman; Comments Due: 

October 17, 2023. 

This Notice will be published in the 

Federal Register. 

Erica A. Barker, 

Secretary. 

[FR Doc. 2023–22722 Filed 10–13–23; 8:45 am] 

BILLING CODE 7710–FW–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[SEC File No. 270–155, OMB Control No. 

3235–0123] 

Submission for OMB Review; 

Comment Request; Extension: Rule 

17a–5 

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 

(‘‘Commission’’) has submitted to the 

Office of Management and Budget 

(‘‘OMB’’) a request for extension of the 

previously approved collection of 

information discussed below. 

Rule 17a–5 (17 CFR 240.17a–5) under 

the Securities Exchange Act of 1934 (15 

U.S.C. 78a et seq.) is the basic financial 

reporting rule for brokers and dealers.1

The rule requires the filing of Form X– 

17A–5, the Financial and Operational 

Combined Uniform Single Report 

(‘‘FOCUS Report’’), which was the result 

of years of study and comments by 

representatives of the securities industry 

through advisory committees and 

through the normal rule proposal 

methods. The FOCUS Report was 

designed to eliminate the overlapping 

regulatory reports required by various 

self-regulatory organizations and the 

Commission and to reduce reporting 

burdens as much as possible. The rule 

also requires the filing of annual reports, 

which include a financial report and a 

compliance or exemption report as well 

as reports of an independent public 

accountant covering the financial report 

and the compliance or exemption 

report. In addition, the rule requires a 

broker-dealer that computes certain 

capital charges in accordance with 

Appendix E to Exchange Act Rule 15c3– 

1 (17 CFR 240.15c3–1e) to file 

additional monthly or quarterly reports 

and a supplemental report on 

management controls concurrently with 

its annual reports. 

The Commission estimates that the 

total hour burden under Rule 17a–5 is 

approximately 397,467 hours per year, 

and the total cost burden is 

approximately $31,295,048 per year. 

Since the last approval of this 

information collection, the estimated 

total burden hours per year has 

increased due to more respondents 

filing monthly reports rather than 

quarterly reports under Rule 17a–5; the 

estimated total cost burden per year has 

decreased due to more filings being 

submitted electronically. 

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 

November 15, 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: October 10, 2023. 

Sherry R. Haywood, 

Assistant Secretary. 

[FR Doc. 2023–22735 Filed 10–13–23; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

Sunshine Act Meetings 

TIME AND DATE: Notice is hereby given, 

pursuant to the provisions of the 

Government in the Sunshine Act, Public 

Law 94–409, that the Securities and 

Exchange Commission will hold an 

Open Meeting on Wednesday, October 

18, 2023 at 10:00 a.m. (ET). 

PLACE: The meeting will be held in 

Auditorium LL–002 at the 

Commission’s headquarters, 100 F 

Street NE, Washington, DC 20549 and 

will be simultaneously webcast on the 

Commission’s website at www.sec.gov. 

STATUS: This meeting will begin at 10:00 

a.m. (ET) and will be open to the public. 

Seating will be on a first-come, firstserved basis. Visitors will be subject to 

security checks. The meeting will be 

webcast on the Commission’s website at 

www.sec.gov. 

MATTERS TO BE CONSIDERED: 1. The 

Commission will consider whether to 

propose a new rule to prohibit national 

securities exchanges from offering 

volume-based transaction pricing in 

connection with the execution of 

agency-related orders in NMS stocks; 

and to require national securities 

exchanges to have certain anti-evasion 

rules and written policies and 

procedures and disclose certain 

information if they offer volume-based 

transaction pricing for member 

proprietary volume in those stocks. 

CONTACT PERSON FOR MORE INFORMATION: 

For further information and to ascertain 

what, if any, matters have been added, 

deleted or postponed, please contact 

Vanessa A. Countryman from the Office 

of the Secretary at (202) 551–5400. 

Authority: 5 U.S.C. 552b. 

Dated: October 11, 2023. 

J. Matthew DeLesDernier, 

Deputy Secretary. 

[FR Doc. 2023–22835 Filed 10–12–23; 11:15 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[SEC File No. 270–094, OMB Control No. 

3235–0085] 

Submission for OMB Review; 

Comment Request; Extension: Rule 

17a–11 

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.) (‘‘PRA’’), the 

Securities and Exchange Commission 

(‘‘Commission’’) has submitted to the 

Office of Management and Budget 

(‘‘OMB’’) a request for extension of the 

previously approved collection of 

information provided for in Rule 17a– 

11, Notification Provisions for Brokers 

and Dealers (17 CFR 240.17a–11), under 

the Securities Exchange Act of 1934 (15 

U.S.C. 78a et seq.) (‘‘Exchange Act’’). 


ddrumheller on DSK120RN23PROD with NOTICES1
71388 Federal Register / Vol. 88, No. 198 / Monday, October 16, 2023 / Notices 

Rule 17a–11 was adopted on July 11, 

1971 in response to an operational crisis 

in the securities industry between 1967 

and 1970. Rule 17a–11 requires brokerdealers that are experiencing financial 

or operational difficulties to provide 

notice to the Commission, the brokerdealer’s designated examining authority 

(‘‘DEA’’), and the Commodity Futures 

Trading Commission (‘‘CFTC’’) if the 

broker-dealer is registered with the 

CFTC as a futures commission 

merchant. Rule 17a–11 is an integral 

part of the Commission’s financial 

responsibility program which enables 

the Commission, a broker-dealer’s DEA, 

and the CFTC to increase surveillance of 

a broker-dealer experiencing difficulties 

and to obtain any additional 

information necessary to gauge the 

broker-dealer’s financial or operational 

condition. 

Rule 17a–11 also requires over-thecounter derivatives dealers and brokerdealers that are permitted to compute 

net capital pursuant to Appendix E to 

Exchange Act Rule 15c3–1 to notify the 

Commission when their tentative net 

capital drops below certain levels. 

To ensure the provision of these types 

of notices to the Commission, Rule 17a– 

11 requires every national securities 

exchange or national securities 

association to notify the Commission 

when it learns that a member brokerdealer has failed to send a notice or 

transmit a report required under the 

rule. 

Compliance with the rule is 

mandatory. The Commission will 

generally not publish or make available 

to any person notices or reports received 

pursuant to Rule 17a–11. The 

Commission believes that information 

obtained under Rule 17a–11 relates to a 

condition report prepared for the use of 

the Commission, other federal 

governmental authorities, and securities 

industry self-regulatory organizations 

responsible for the regulation or 

supervision of financial institutions. 

The Commission estimates that the 

total hour burden under Rule 17a–11 is 

approximately 274 hours per year. 

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 

November 15, 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: October 10, 2023. 

Sherry R. Haywood, 

Assistant Secretary. 

[FR Doc. 2023–22732 Filed 10–13–23; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[SEC File No. 270–427, OMB Control No. 

3235–0476] 

Submission for OMB Review; 

Comment Request; Extension: Rule 

10b–17 

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 

(‘‘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 10b–17 (17 CFR 240.10b–17), 

under the Securities Exchange Act of 

1934 (15 U.S.C. 78a et seq.). 

Rule 10b–17 requires any issuer of a 

class of securities publicly traded by the 

use of any means or instrumentality of 

interstate commerce or of the mails or 

of any facility of any national securities 

exchange to give notice of the following 

specific distributions relating to such 

class of securities: (1) a dividend or 

other distribution in cash or in kind 

other than interest payments on debt 

securities; (2) a stock split or reverse 

stock split; or (3) a rights or other 

subscription offering. Notice shall be 

either given to the Financial Industry 

Regulatory Authority, Inc. as successor 

to the National Association of Securities 

Dealers, Inc. or in accordance with the 

procedures of the national securities 

exchange upon which the securities are 

registered. The Commission may 

exempt an issuer of over-the-counter 

(but not listed) securities from the 

notice requirement. The requirements of 

Rule 10b–17 do not apply to redeemable 

securities of registered open-end 

investment companies or unit 

investment trusts. 

The information required by Rule 

10b–17 is necessary for the execution of 

the Commission’s mandate under the 

Securities Exchange Act of 1934 to 

prevent fraudulent, manipulative, and 

deceptive acts and practices. The 

Commission has found that not 

requiring formal notices of the types of 

distributions covered by Rule 10b–17 

has led to a number of abuses including 

purchasers not being aware of their 

rights to such distributions. It is only 

through formal notice of the 

distribution, including the date of the 

distribution, that current holders, 

potential buyers, or potential sellers of 

the securities at issue will know their 

rights to the distribution and make an 

informed decision as to whether to buy 

or sell a security. 

There are approximately 7,588 

respondents per year. These 

respondents make approximately 29,952 

responses per year. Each response takes 

approximately 10 minutes to complete. 

Thus, the total hour burden per year is 

approximately 4,992 hours. The total 

internal labor cost of compliance for 

respondents associated with providing 

notice under Rule 10b–17 is 

approximately $431,258.88. 

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 

November 15, 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: October 10, 2023. 

Sherry R. Haywood, 

Assistant Secretary. 

[FR Doc. 2023–22734 Filed 10–13–23; 8:45 am] 

BILLING CODE 8011–01–P 


ddrumheller on DSK120RN23PROD with NOTICES1