4358 Federal Register / Vol. 89, No. 15 / Tuesday, January 23, 2024 / Notices 

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

2 15 U.S.C. 78a. 

3 17 CFR 240.19b–4. 

4See generally Rule 980NYP (Electronic Complex 

Order Trading). Unless otherwise specified, all 

capitalized terms used herein have the same 

meaning as is set forth in Rule 980NYP. 

5See Rules 980NYP(f) (Execution of ECOs During 

a COA), (f)(1) (Initiation of a COA), (f)(2) (Pricing 

of a COA). See also Rule 980NYP(a)(3)(A) (defining 

a ‘‘COA Order’’ as an ECO designated as eligible to 

initiate a COA). 

6See Rules 980NYP(a)(3)(B) (defining, and 

detailing the information included in, each RFR); 

(a)(3)(C) (defining each ‘‘RFR Response’’ as, among 

other things, ‘‘any ECO’’ received during the 

Response Time Interval that is in the same complex 

strategy as, and is marketable against, the COA 

Order); and (a)(3)(D) (defining the Response Time 

Interval as the period during which RFR Responses 

may be entered, which period ‘‘will not be less than 

100 milliseconds and will not exceed one (1) 

second,’’ as determined by the Exchange and 

announced by Trader Update). See Rule 

980NYP(b)(2)(C) (defining a ‘‘COA GTX Order,’’ 

including that such order is submitted in response 

to an RFR announcing a COA and will trade with 

the COA Order to the extent possible and then 

cancel). 

7See Rule 980NYP(f)(3)(A)–(D) (setting forth the 

circumstances under which a COA will conclude 

before the end of the Response Time Interval). 

8The Exchange notes that there are certain 

limitations to how an ECO, including a COA Order 

post-COA, may interact with the leg markets. See, 

e.g., Rule 980NYP(e)(1)(A) (providing, in relevant 

part, that the leg markets will trade first with an 

ECO, but only if the legs can execute with the ECO 

‘‘in full or in a permissible ratio,’’ and, once the leg 

markets trade with the ECO to the extent possible, 

such ECO will trade with same-priced ECOs resting 

in the Book). See also Rule 980NYP(e)(1)(C)–(D) 

(describing ECOs that are not permitted to trade 

with the leg markets). 

9See Rule 980NYP(f)(4)(A)–(C) (Allocation of 

COA Orders) (providing, in relevant part, that when 

a COA ends early or at the end of the RTI, a COA 

Order trades first with price-improving interest, 

next ‘‘with any contra-side interest, including the 

leg markets, unless the COA is designated as a 

Complex Only Order’’ and any remaining portion 

is ranked in the Consolidated Book and the COA 

Order is processed as an ECO pursuant to Rule 

980NYP(e) (Execution of ECOs During Core Trading 

Hours). See Rule 900.2NY (defining Consolidated 

Book as ‘‘the Exchange’s electronic book of orders 

and quotes.’’). 

10See proposed Rule 980NYP(f)(3)(E). See Rules 

900.3NYP(g)(1)(A) (providing that a ‘‘Complex QCC 

Order’’ is a QCC with more than one option leg and 

specifying that ‘‘each option leg must have at least 

1,000 contracts’’) and (g)(1)(D) (setting forth the 

pricing requirements that a Complex QCC Order 

must meet, or else it will be rejected). 

11See Rule 900.3NYP(g)(1)(A) (providing that a 

QCC Order, including a Complex QCC Order, ‘‘that 

is not rejected per paragraph (g)(1)(C) [Execution of 

SECURITIES AND EXCHANGE 

COMMISSION 

Sunshine Act Meetings 

FEDERAL CITATION OF PREVIOUS

ANNOUNCEMENT: Publishing in the FR of 

1/22/24. 

PREVIOUSLY ANNOUNCED TIME AND DATE OF

THE MEETING: Wednesday, January 24, 

2024, at 10:00 a.m. 

CHANGES IN THE MEETING: The Open 

Meeting scheduled for Wednesday, 

January 24, 2024, at 10:00 a.m. has been 

changed to Wednesday, January 24, 

2024 at 9:15 a.m. 

CONTACT PERSON FOR MORE INFORMATION: 

For further information; please contact 

Vanessa A. Countryman from the Office 

of the Secretary at (202) 551–5400. 

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

Dated: January 19, 2024. 

Vanessa A. Countryman, 

Secretary. 

[FR Doc. 2024–01346 Filed 1–19–24; 4:15 pm] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–99354; File No. SR– 

NYSEAMER–2024–03] 

Self-Regulatory Organizations; NYSE 

American LLC; Notice of Filing and 

Immediate Effectiveness of Proposed 

Change To Modify Rule 980NYP 

January 17, 2024. 

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

Securities Exchange Act of 1934 

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

notice is hereby given that, on January 

9, 2024, NYSE American LLC (‘‘NYSE 

American’’ or the ‘‘Exchange’’) filed 

with the Securities and Exchange 

Commission (the ‘‘Commission’’) the 

proposed rule change as described in 

Items I and II below, which Items have 

been prepared by the self-regulatory 

organization. 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 

The Exchange proposes to modify 

Rule 980NYP (Electronic Complex 

Order Trading) to specify additional 

trading interest that would result in the 

early end of a Complex Order Auction 

(‘‘COA’’). The proposed rule change is 

available on the Exchange’s website at 

www.nyse.com, at the principal office of 

the Exchange, 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 

self-regulatory organization 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 those 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 parts of such 

statements. 

A. Self-Regulatory Organization’s 

Statement of the Purpose of, and the 

Statutory Basis for, the Proposed Rule 

Change 

1. Purpose 

The Exchange proposes to modify 

Rule 980NYP (Electronic Complex 

Order Trading) to specify additional 

trading interest that would result in the 

early end of a Complex Order Auction 

(‘‘COA’’). 

Rule 980NYP reflects how Electronic 

Complex Orders (‘‘ECOs’’) will trade on 

the Exchange 4 and paragraph (f) to this 

rule describes the handling of ECOs 

submitted to the Complex Order 

Auction (COA) process.5 When a COA 

Order initiates a COA, the Exchange 

disseminates a Request for Response 

(‘‘RFR’’) to solicit potentially priceimproving ECO interest—which 

solicited interest includes interest 

designated to respond to the COA (i.e., 

COA GTX Orders) and unrelated priceimproving ECO interest (resting and 

newly arriving) that arrives during the 

Response Time Interval (each an ‘‘RFR 

Response’’) (collectively, the ‘‘auction 

interest’’).6 The COA lasts for the 

duration of the Response Time Interval 

unless, during the COA, the Exchange 

receives certain options trading interest 

that requires the COA to conclude 

early.7 When the COA concludes, the 

COA Order executes first with priceimproving ECO interest, next with any 

contra-side interest, including the leg 

markets (if permissible),8 and any 

remaining balance (that is not cancelled) 

is ranked in the Consolidated Book (the 

‘‘Consolidated Book’’ or ‘‘Book’’).9 Once 

the COA Order executes to the extent 

possible—whether with the best-priced 

Complex Orders or the best-priced 

interest in the leg markets—and is 

placed in the Book, the Exchange will 

update its complex order book and, if 

applicable, the Exchange BBO (as a 

result of any executions of the COA 

Order with the leg markets). 

The Exchange proposes to modify 

Rule 980NYP(f)(3) to add new paragraph 

(E), which would provide that a COA in 

progress will end early any time there 

is a Complex Qualified Contingent Cross 

(‘‘QCC’’) Order submitted in the same 

complex strategy as the COA Order.10

By its terms, a Complex QCC Order 

‘‘that is not rejected’’ by the Exchange, 

‘‘will immediately trade in full at its 

price.’’ 11 To avoid rejection, a Complex 


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Federal Register / Vol. 89, No. 15 / Tuesday, January 23, 2024 / Notices 4359 

QCC Orders] or (D) [Execution of Complex QCC 

Orders] below will immediately trade in full at its 

price’’). 

12See Rule 900.3NYP(g)(1)(D)(i)–(iii). 

13See Rule 900.3NYP(g)(1)(D)(i). 

14The Exchange notes that, to date, there have 

been zero instances of a Complex QCC Order 

arriving during (and resulting in the early end) of 

a COA in the same complex strategy, pursuant to 

Rule 980NYP. The Exchange implemented Rule 

980NYP coincident with the Exchange’s migration 

to its Pillar trading platform, which migration began 

on October 23, 2023, and was completed on October 

30, 2023. 

15See supra note 9 (describing that any remaining 

portion of a COA Order following the COA will be 

placed on the Consolidated Book and will be 

processed as an ECO). 

16See Cboe, US Options Complex Book Process, 

Section 10, Complex Qualified Contingent Cross 

(Complex QCC), available here: https://

cdn.cboe.com/resources/membership/US-OptionsComplex-Book-Process.pdf (providing that, on 

Cboe, ‘‘Complex QCCs will not be restricted by 

other auction types going on at the same time in the 

Complex or Simple Book’’). The Exchange was 

unable to find a codification in Cboe’s rules of this 

technical specification (i.e., that Complex QCC 

Orders are executed without regard for any ongoing 

auctions). The Exchange notes that the complex 

auction process described in Cboe Rule 5.33(d) is 

substantially similar to the Exchange’s COA 

process. Compare Rule 980NYP(f) with Cboe Rule 

5.33(d)(3) (describing Complex Order Auction 

process). 

17See MIAX Rule 516(h)(4) (describing a 

Complex QCC Order or ‘‘cQCC Order’’ and 

providing that such order will be rejected ‘‘if, at the 

time of receipt of the cQCC Order: (i) the strategy 

is subject to . . . a Complex Auction pursuant to 

Rule 518(d)’’). The Exchange notes that the complex 

auction process described in MIAX Rule 518(d) is 

substantially similar to the Exchange’s COA 

process. 

18 15 U.S.C. 78f(b). 

19 15 U.S.C. 78f(b)(5). 

QCC Order must satisfy certain price 

validations, including that each option 

leg must be priced at or between the 

NBBO and may not be priced worse 

than the Exchange BBO; and, that the 

transaction price must be equal to or 

better than the best-priced Complex 

Orders, unless the best-priced Complex 

Orders contains [sic] displayed 

Customer interest, in which case the 

transaction price must improve such 

interest.12 In addition, each component 

leg of the Complex QCC Order must 

trade at a price that is better than 

displayed Customer interest on the 

Consolidated Book.13

As noted above, until a COA 

concludes, the Book is not updated to 

reflect any COA Order executions (with 

price-improving auction interest or with 

resting ECO or leg market interest) or 

any balance of the COA Order ranking 

in the Book. Thus, to allow the laterarriving Complex QCC Order to be 

evaluated based on the most up-to-date 

Book, the Exchange proposes to end a 

COA upon the arrival of a Complex QCC 

Order in the same complex strategy. 

This proposed early termination would 

allow the Exchange to incorporate 

executions from the COA, or any 

remaining balance of the COA Order, to 

conduct the requisite price validations 

per Rule 900.3NYP(g)(1)(D) for the 

Complex QCC Order (i.e., based on the 

NBBO, Exchange BBO, and best-priced 

Complex Orders on the Exchange 

following the COA Order executions 

and ranking).14

The proposed rule change would be 

consistent with current Rule 

980NYP(f)(3)(A)–(D), which describes 

four circumstances that cause the early 

end of a COA to ensure that laterarriving interest does not trade ahead of 

a COA Order and to ensure that the 

Book is updated to reflect executions 

resulting from the COA. The Exchange 

believes that the proposed rule change 

achieves this same objective. As with 

the existing early end scenarios, the 

proposed early end of a COA does not 

prevent the COA Order from trading 

with any interest, including priceimproving interest, that arrived prior to 

the early termination (i.e., because of a 

Complex QCC Order in the same 

complex strategy as the COA). In 

addition, any portion of the COA Order 

that does not trade in the COA is placed 

on the Consolidated Book where it 

continues to have opportunities to 

trade.15

The Exchange notes that at least two 

other options exchanges offer both 

Complex QCC Orders and COA 

functionality and each has opted for a 

different way to address the race 

condition posed by these two features. 

For example, per the technical 

specifications for complex orders 

executed on Cboe Exchange Inc. 

(‘‘Cboe’’), a Complex QCC Order is 

‘‘immediately executed or canceled on 

entry’’ and is not ‘‘restricted by other 

auction types going on at the same 

time’’ and, as such, the price validations 

on the later-arriving Complex QCC are 

(apparently) done without consideration 

of the COA process and its potential 

impact on Cboe’s Complex Order 

Book.16 Alternatively, on MIAX Options 

Exchange (‘‘MIAX’’), a later-arriving 

Complex QCC Order is rejected ‘‘if, at 

the time of receipt’’ the complex 

strategy is subject to, among other 

things, ‘‘a Complex Auction pursuant to 

Rule 518(d).’’ 17

The Exchange believes that its 

proposal to codify by rule its distinct 

approach to resolving the same issue 

faced by Cboe and MIAX would provide 

the best protection to its market 

participants. Specifically, by ending a 

COA upon the arrival of a Complex QCC 

Order in the same complex strategy, the 

Exchange ensures that the COA Order 

executes to the extent possible and that 

the Exchange relies on the most-up-todate Book (following executions in the 

COA) to validate the price of the 

Complex QCC. This proposed approach 

prevents the Exchange from ignoring 

complex orders being auctioned when 

conducting price validations for laterarriving Complex QCC Orders or from 

rejecting potentially valid Complex QCC 

Orders that arrive during a COA. As 

such, the Exchange believes that its 

proposal would help preserve—and 

maintain investor’s confidence in—the 

integrity of the Exchange’s local market. 

As such, the Exchange believes that the 

proposed change would benefit 

investors and would not place an undue 

burden on competition because 

investors are free to direct their complex 

order flow to other options exchanges, 

including Cboe or MIAX. Likewise, once 

this proposed rule change is effective, 

other options exchanges, including Cboe 

and MIAX, are free to copy the order 

handling proposed herein. 

2. Statutory Basis 

The proposed rule change is 

consistent with Section 6(b) of the 

Securities Exchange Act of 1934 (the 

‘‘Act’’),18 in general, and furthers the 

objectives of Section 6(b)(5),19 in 

particular, because it is designed to 

prevent fraudulent and manipulative 

acts and practices, to promote just and 

equitable principles of trade, to foster 

cooperation and coordination with 

persons engaged in facilitating 

transactions in securities, to remove 

impediments to, and perfect the 

mechanism of, a free and open market 

and a national market system and, in 

general, to protect investors and the 

public interest. 

The Exchange believes that the 

proposed amendment to Rule 

980NYP(f)(3) regarding the additional 

circumstance that would cause a COA to 

end early would promote just and 

equitable principles of trade because it 

would ensure that the COA Order is 

executed to the extent possible and, if 

applicable, is ranked in the 

Consolidated Book before the Exchange 

evaluates the later-arriving Complex 

QCC Order. As noted above, until the 

COA concludes, the Book is not updated 

to reflect any COA Order executions 

(with price-improving auction interest 

or with resting ECO or leg market 

interest) or any balance of the COA 

Order ranking in the Book. This 

proposed early termination would then 

allow the Exchange to incorporate 

executions from the COA, or any 

remaining balance of the COA Order, to 

conduct the requisite price validations 


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4360 Federal Register / Vol. 89, No. 15 / Tuesday, January 23, 2024 / Notices 

20See supra note 14 (noting that, to date, there 

have been zero instances of a Complex QCC Order 

arriving during (and resulting in the early end) of 

a COA in the same complex strategy, pursuant to 

Rule 980NYP). 

21As noted herein, any portion of the COA Order 

that does not trade in the COA is placed in the 

Consolidated Book where it continues to have 

opportunities to trade. See, e.g., supra note 9. 

22 15 U.S.C. 78s(b)(3)(A)(iii). 

23 17 CFR 240.19b–4(f)(6). 

24 In addition, Rule 19b–4(f)(6)(iii) requires a selfregulatory organization to give the Commission 

written notice of its intent to file the proposed rule 

change, along with a brief description and text of 

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. 

25 17 CFR 240.19b–4(f)(6). 

26 17 CFR 240.19b–4(f)(6)(iii). 

27 15 U.S.C. 78s(b)(2)(B). 

for the Complex QCC Order (per Rule 

900.3NYP(g)(1)(D)) based on the most 

up-to-date Book (i.e., based on the 

NBBO, Exchange BBO, and best-priced 

Complex Orders on the Exchange 

following the COA).20

As noted herein, current Rule 

980NYP(f)(A)–(D) describes four 

circumstances under which a COA must 

end early to ensure that later-arriving 

interest does not trade ahead of a COA 

Order and to ensure that the Book is 

updated to reflect executions resulting 

from the COA. The Exchange believes 

that the proposed rule change achieves 

this same objective. As with the existing 

early end scenarios, the proposed early 

end of a COA does not prevent the COA 

Order from trading with any interest, 

including price-improving interest, that 

arrived prior to the early termination 

(i.e., because of a Complex QCC Order 

in the same complex strategy as the 

COA). As such, the proposed change 

would benefit investors because it 

would ensure the timely executions of 

COA Orders (at potentially improved 

prices) and would also allow a timely 

execution of the Complex QCC Orders 

in the same complex strategy as the 

COA Order. In addition, the proposal 

would ensure that the prices used to 

validate a Complex QCC Order would 

incorporate executions from the COA, or 

any remaining balance of the COA 

Order.21

At least two other options exchanges 

have taken different approaches to 

address how to handle the arrival of a 

Complex QCC Order while a Complex 

Order Auction is in progress. As noted 

herein, the Exchange believes that its 

proposed approach would provide the 

best protection to investors because 

ending a COA upon receipt of a 

Complex QCC Order would ensure that 

the COA Order executes to the extent 

possible and that the Exchange relies on 

the most-up-to-date Book (following 

executions in the COA) to validate the 

price of the Complex QCC Order. Thus, 

the Exchange believes the proposed rule 

change would promote just and 

equitable principles of trade because it 

would help preserve—and maintain 

investor’s confidence in—the integrity 

of the Exchange’s local market. 

Finally, the Exchange believes that 

modifying the rule as proposed would 

add clarity and transparency to Rule 

980NYP regarding the handling of COA 

Orders. 

B. Self-Regulatory Organization’s 

Statement on Burden on Competition 

The Exchange does not believe that 

the proposed rule change will impose 

any burden on intra-market competition 

that is not necessary or appropriate in 

furtherance of the purposes of the Act. 

The proposed rule change would apply 

in the same manner to all similarlysituated market participants that opt to 

utilize the COA process, the use of 

which is voluntary and, as such, market 

participants are not required to avail 

themselves of this process. 

The Exchange does not believe that its 

proposed rule change will impose any 

burden on inter-market competition that 

is not necessary or appropriate in 

furtherance of the purposes of the Act 

because the proposed change is 

designed to ensure that both a COA 

Order and a Complex QCC Order 

receive timely executions based on 

current market conditions. To the extent 

that other options exchanges, like Cboe 

or MIAX, offer complex order auctions 

and Complex QCC Orders, such 

exchanges are free to adopt (if they have 

not already done so) the early 

termination provision proposed herein. 

C. Self-Regulatory Organization’s 

Statement on Comments on the 

Proposed Rule Change Received From 

Members, Participants, or Others 

No written comments were solicited 

or received with respect to the proposed 

rule change. 

III. Date of Effectiveness of the 

Proposed Rule Change and Timing for 

Commission Action 

The Exchange has filed the proposed 

rule change pursuant to Section 

19(b)(3)(A)(iii) of the Act 22 and Rule 

19b–4(f)(6) thereunder.23 Because the 

proposed rule change does not: (i) 

significantly affect the protection of 

investors or the public interest; (ii) 

impose any significant burden on 

competition; and (iii) become operative 

prior to 30 days from the date on which 

it was filed, or such shorter time as the 

Commission may designate, if 

consistent with the protection of 

investors and the public interest, the 

proposed rule change has become 

effective pursuant to Section 19(b)(3)(A) 

of the Act and Rule 19b–4(f)(6)(iii) 

thereunder.24

A proposed rule change filed under 

Rule 19b–4(f)(6) 25 normally does not 

become operative prior to 30 days after 

the date of the filing. However, pursuant 

to Rule 19b–4(f)(6)(iii),26 the 

Commission may designate a shorter 

time if such action is consistent with the 

protection of investors and the public 

interest. 

At any time within 60 days of the 

filing of such 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 

under Section 19(b)(2)(B) 27 of the Act to 

determine whether the proposed rule 

change 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 (https://www.sec.gov/ 

rules/sro.shtml); or 

• Send an email to rule-comments@

sec.gov. Please include file number SR– 

NYSEAMER–2024–03 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–NYSEAMER–2024–03. 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 (https://www.sec.gov/ 

rules/sro.shtml). Copies of the 

submission, all subsequent 

amendments, all written statements 

with respect to the proposed rule 


khammond on DSKJM1Z7X2PROD with NOTICES
Federal Register / Vol. 89, No. 15 / Tuesday, January 23, 2024 / Notices 4361 

28 17 CFR 200.30–3(a)(12), (59). 

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–NYSEAMER–2024–03 and should 

be submitted on or before February 13, 

2024. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.28

Sherry R. Haywood, 

Assistant Secretary. 

[FR Doc. 2024–01188 Filed 1–22–24; 8:45 am] 

BILLING CODE 8011–01–P 

DEPARTMENT OF STATE 

[Public Notice 12302] 

30-Day Notice of Proposed Information 

Collection: PEPFAR Program 

Expenditures 

ACTION: Notice of request for public 

comment and submission to OMB of 

proposed collection of information. 

SUMMARY: The Department of State has 

submitted the information collection 

described below to the Office of 

Management and Budget (OMB) for 

approval. In accordance with the 

Paperwork Reduction Act of 1995 we 

are requesting comments on this 

collection from all interested 

individuals and organizations. The 

purpose of this Notice is to allow 30 

days for public comment. 

DATES: Submit comments up to 

February 22, 2024. 

ADDRESSES: Written comments and 

recommendations for the proposed 

information collection should be sent 

within 30 days of publication of this 

notice to www.reginfo.gov/public/do/ 

PRAMain. Find this particular 

information collection by selecting 

‘‘Currently under 30-day Review—Open 

for Public Comments’’ or by using the 

search function. 

FOR FURTHER INFORMATION CONTACT: 

Direct requests for additional 

information regarding the collection 

listed in this notice, including requests 

for copies of the proposed collection 

instrument and supporting documents, 

to Irum Zaidi, 1800 G St. NW, Suite 

10300, SA–22, Washington, DC 20006, 

who may be reached on 202–663–2588 

or at ZaidiIF@state.gov. 

SUPPLEMENTARY INFORMATION: 

• Title of Information Collection: 

PEPFAR Program Expenditures. 

• OMB Control Number: 1405–0208. 

• Type of Request: Extension of a 

Currently Approved Collection. 

• Originating Office: Bureau of Global 

Health Security and Diplomacy. 

• Form Number: DS–4213. 

• Respondents: Recipients of U.S. 

government funds appropriated to carry 

out the President’s Emergency Plan for 

AIDS Relief (PEPFAR). 

• Estimated Number of Respondents: 

3,480. 

• Estimated Number of Responses: 

3,480. 

• Average Time per Response: 20 

hours per response. 

• Total Estimated Burden Time: 

68,750 hours. 

• Frequency: Annually. 

• Obligation to Respond: Mandatory. 

We are soliciting public comments to 

permit the Department to: 

• Evaluate whether the proposed 

information collection is necessary for 

the proper functions of the Department. 

• Evaluate the accuracy of our 

estimate of the time and cost burden for 

this proposed collection, including the 

validity of the methodology and 

assumptions used. 

• Enhance the quality, utility, and 

clarity of the information to be 

collected. 

• Minimize the reporting burden on 

those who are to respond, including the 

use of automated collection techniques 

or other forms of information 

technology. 

Please note that comments submitted 

in response to this Notice are public 

record. Before including any detailed 

personal information, you should be 

aware that your comments as submitted, 

including your personal information, 

will be available for public review. 

Abstract of Proposed Collection 

The U.S. President’s Emergency Plan 

for AIDS Relief (PEPFAR) was 

established through enactment of the 

United States Leadership Against HIV/ 

AIDS, Tuberculosis, and Malaria Act 

(Pub. L. 108–25), as amended by the 

Tom Lantos and Henry J. Hyde United 

States Global Leadership Against HIV/ 

AIDS, Tuberculosis, and Malaria 

Reauthorization Act (Pub. L. 110–293) 

(HIV/AIDS Leadership Act), as amended 

by the PEPFAR Stewardship and 

Oversight Act (Pub. L. 113–56), and as 

amended and reauthorized for a third 

time by the PEPFAR Extension Act 

(Pub. L. 115–305) to support the global 

response to HIV/AIDS. In order to 

improve program monitoring, PEPFAR 

added reporting of expenditures by 

program area to the current routine 

reporting of program results for the 

annual report. Data are collected from 

implementing partners in countries with 

PEPFAR programs using a standard tool 

(DS–4213) via an electronic web-based 

interface into which users upload data. 

These expenditures are analyzed by 

partner for all PEPFAR program areas. 

These analyses then feed into partner 

and program reviews at the country 

level for monitoring and evaluation on 

an ongoing basis. Summaries of these 

data provide key information about 

program costs under PEPFAR on a 

global level. Applying expenditure 

results will improve strategic budgeting, 

identification of efficient means of 

delivering services, and accuracy in 

defining program targets; and will 

inform allocation of resources to ensure 

the program is accountable and using 

public funds for maximum impact. 

Methodology 

Data will continue to be collected in 

a web-based interface available to all 

partners receiving funds under PEPFAR. 

Implementing partners (IPs) prefer the 

Microsoft Excel template based data 

collection process. The requirements in 

the Excel template have been reduced 

with IP input to only request critical 

information. By being able to download 

a template, prime IPs responsible to 

complete the submission are more 

effectively able to collaborate quickly 

with other key personnel and coordinate 

with their subrecipients to enter the 

data for the full amount of PEPFAR 

funding expended during the prior 

fiscal year. This approach also proves 

helpful where internet connectivity is 

not strong. After completing the Excel 

template, IPs upload the data to an 

automated system that further checks 

the data entered for quality and 

completeness. Automated checks reduce 

the time needed by IPs to complete the 

data cleaning process. Aggregate data is 


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