Federal Register / Vol. 89, No. 16 / Wednesday, January 24, 2024 / Notices 4645 

19 17 CFR 200.30–3(a)(12). 

1These provisions of rule 34b–1 apply to any 

registered investment company or business 

development company advertisement, pamphlet, 

circular, form letter, or other sales literature 

addressed to or intended for distribution to 

prospective investors in connection with a public 

offering. See rule 34b–1(c). 

2The estimated average number of responses to 

rule 34b–1 for the two-year period from October 1, 

2021, to November 30, 2023, comprises 7,912 filings 

submitted to FINRA and 377 filings submitted to 

the Commission. 

3Previous PRA extensions for rule 34b–1 

assumed an estimated annual burden of 6 hours per 

response in complying with paragraphs a and b of 

rule 34b–1, 3 hours per response in complying with 

the fee and expense figure disclosure requirements 

of paragraph c, and 2 hours for the fee waivers/ 

expense reimbursement arrangements disclosure 

requirements of paragraph c, while estimating that 

only 96% of relevant responses would need to 

comply with all of the paragraph c requirements. 

For purposes of this extension, we are assuming 

that 100% of the responsive filings identified will 

incur burdens for all of the rule’s requirements, 

such that a total of 11 hours per response per year 

(6 + 3 + 2 = 11). We recognize that this might 

overstate the total burden. 

4 8,289 responses × 11 hours per response = 

91,179 hours. 

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). 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.19

Sherry R. Haywood, 

Assistant Secretary. 

[FR Doc. 2024–01304 Filed 1–23–24; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[SEC File No. 3235–0346, File No. 270–305] 

Proposed Collection; Comment 

Request; Extension: Rule 34b–1 

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 34b–1 under the Investment 

Company Act (17 CFR 270.34b–1) 

governs sales material that accompanies 

or follows the delivery of a statutory 

prospectus (‘‘sales literature’’). Rule 

34b–1 deems to be materially 

misleading any investment company 

(‘‘fund’’) sales literature required to be 

filed with the Securities and Exchange 

Commission (‘‘Commission’’) by Section 

24(b) of the Investment Company Act 

(15 U.S.C. 80a–24(b)) that includes 

performance data, unless the sales 

literature also includes the appropriate 

uniformly computed data and the 

legend disclosure required in 

investment company advertisements by 

rule 482 under the Securities Act of 

1933 (17 CFR 230.482) (‘‘rule 482’’). 

Additionally, rule 34b–1 deems to be 

materially misleading any fund sales 

literature intended for distribution to 

prospective investors that includes fee 

and expense information, unless that 

sales literature complies with the 

disclosure and timeliness requirements 

of rule 482.1 These requirements are 

designed to prevent misleading 

performance claims by funds and to 

enable investors to make meaningful 

comparisons among funds. 

The Commission estimates that on 

average approximately 8,289 2 responses 

that include the information required by 

rule 34b–1 each year. The burden 

resulting from the collection of 

information requirements of rule 34b–1 

is estimated to be 11 hours per 

response.3 The total hourly burden for 

rule 34b–1 is approximately 91,179 

hours per year in the aggregate.4

The collection of information under 

rule 34b–1 is mandatory. The 

information provided under rule 34b–1 

is not kept confidential. The 

Commission may not conduct or 

sponsor, and a person is not required to 

respond to, a collection of information 

unless it displays a currently valid OMB 

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 March 25, 2024. 

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, 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: January 19, 2024. 

Sherry R. Haywood, 

Assistant Secretary. 

[FR Doc. 2024–01349 Filed 1–23–24; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–99387; File No. SR– 

CboeBZX–2024–005] 

Self-Regulatory Organizations; Cboe 

BZX Exchange, Inc.; Notice of Filing 

and Immediate Effectiveness of a 

Proposed Rule Change To Amend Rule 

21.17 

January 18, 2024. 

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

Securities Exchange Act of 1934 (the 

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

notice is hereby given that on January 3, 

2024, Cboe BZX Exchange, Inc. (the 

‘‘Exchange’’ or ‘‘BZX’’) 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 BZX Exchange, Inc. (the 

‘‘Exchange’’ or ‘‘BZX’’) proposes to 

amend Rule 21.17. The text of the 

proposed rule change is provided 

below. 

(additions are italicized; deletions are 

[bracketed]) 

* * * * * 

Rules of Cboe BZX Exchange, Inc. 

* * * * * 

Rule 21.17. Additional Price Protection 

Mechanisms and Risk Controls 

The System’s acceptance and execution of 

orders, quotes, and bulk messages, as 

applicable, are subject to the price protection 

mechanisms and risk controls in Rule 21.16, 

this Rule 21.17 and as otherwise set forth in 


ddrumheller on DSK120RN23PROD with NOTICES1
4646 Federal Register / Vol. 89, No. 16 / Wednesday, January 24, 2024 / Notices 

5See Rule 21.7(a) for the definition of Opening 

Collars. 

6See Rule 21.17(d)(2). 

7An ‘‘Eligible Exchange’’ means a national 

securities exchange registered with the SEC in 

accordance with section 6(a) of the Securities 

Exchange Act of 1934 (the ‘‘Act’’) that: (a) is a 

Participant Exchange in OCC (as that term is 

defined in Section VII of the OCC by-laws); (b) is 

a party to the OPRA Plan (as that term is described 

in Section I of the OPRA Plan); and (c) if the 

national securities exchange chooses not to become 

a party to this Plan, is a participant in another plan 

approved by the Securities and Exchange 

Commission (the ‘‘Commission’’) providing for 

comparable Trade-Through and Locked and 

Crossed Market protection. The term ‘‘TradeThrough’’ means a transaction in an options series 

at a price that is lower than a Protected Bid or 

higher than a Protected Offer. A ‘‘Protected Bid’’ or 

‘‘Protected Offer’’ means a bid or offer in an options 

series, respectively, that (a) is disseminated 

pursuant to the OPRA Plan; and (b) is the best bid 

or best offer, respectively, displayed by an Eligible 

Exchange. A ‘‘Locked Market’’ means a quoted 

market in which a Protected Bid is equal to a 

Protected Offer in a series of an options class, and 

a ‘‘Crossed Market’’ means a quoted market in 

which a Protected bid is higher than a Protected 

Offer in a series of an options class. See Rule 

27.1(a)(5), (7), (10), (18), and (22). 

8See Rules 21.1(d)(9) and 27.1(a)(9). 

9See proposed Rule 21.17(d)(4). As set forth in 

current Rule 21.17(d)(3)(H), the drill-through 

protection does not apply to bulk messages. The 

proposed rule change moves this current exclusion 

to proposed Rule 21.17(d)(4) so that all orders and 

quotes that are excluded from the drill-through 

protection are maintained in the same rule 

provision, and the Exchange believes proposed 

subparagraph (4) is a more appropriate place for 

listing excluded orders and quotes. This 

nonsubstantive change regarding the exclusion of 

bulk messages from the drill-through protection has 

no impact on current behavior and merely moves 

the exclusion to a different subparagraph. 

the Rules. All numeric values established by 

the Exchange pursuant to this Rule will be 

maintained by the Exchange in publicly 

available specifications and/or published in 

a Regulatory Circular. Unless otherwise 

specified the price protections set forth in 

this Rule, including the numeric values 

established by the Exchange, may not be 

disabled or adjusted. The Exchange may 

share any of a User’s risk settings with the 

Clearing Member that clears transactions on 

behalf of the User. 

(a)–(c) No change. 

(d) Drill-Through Price Protection. 

(1)–(2) No change. 

(3) The System enters a market order with 

a Time-in Force of Day or limit order with 

a Time-in-Force of Day, GTC, or GTD (or 

unexecuted portion) not executed pursuant 

to subparagraph (1) in the BZX Options Book 

with a displayed price equal to the DrillThrough Price, unless the terms of the order 

instruct otherwise. 

(A)–(G) No change. 

([H]4) This protection does not apply 

to bulk messages or ISOs. 

* * * * * 

The text of the proposed rule change 

is also available on the Exchange’s 

website (http://markets.cboe.com/us/ 

equities/regulation/rule_filings/bzx/), 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 

Rule 21.17. Specifically, the Exchange 

proposes to exclude Intermarket Sweep 

Orders (‘‘ISOs’’) from its drill-through 

protection. Pursuant to Rule 21.17(d)(1), 

if a buy (sell) order enters the book at 

the conclusion of the opening auction 

process or would execute or post to the 

book when it enters the book, the 

Exchange’s system executes the order 

up to an Exchange-determined buffer 

amount (determined on a class and 

premium basis) above (below) the offer 

(bid) limit of the Opening Collar 5 or the 

National Best Offer (‘‘NBO’’) (National 

Best Bid (‘‘NBB’’)) that existed at the 

time of order entry, respectively (the 

‘‘drill-through price’’). The System 

cancels or rejects any market order with 

a time-in-force of immediate-or-cancel 

(‘‘IOC’’) (or unexecuted portion or limit 

order with time-in-force of IOC or fillor-kill (‘‘FOK’’) (or unexecuted portion 

not executed pursuant to the previous 

sentence.6 Rule 21.17(d)(3) establishes 

an iterative drill-through process, 

whereby the Exchange permits orders to 

rest in the book for multiple time 

periods and at more aggressive 

displayed prices during each time 

period. Specifically, for a market order 

with a time-in-force of day or limit order 

with a time-in-force of day, good-tilcancelled (‘‘GTC’’), or good-til-gate 

(‘‘GTD’’) (or unexecuted portion), the 

Exchange system enters the order in the 

book with a displayed price equal to the 

drill-through price (unless the terms of 

the order instruct otherwise). The order 

(or unexecuted portion) will rest in the 

book at the drill-through price for the 

duration of consecutive time periods 

(the Exchange determines on a class-byclass basis the length of the time period 

in milliseconds, which may not exceed 

three seconds), which are referred to as 

‘‘iterations.’’ Following the end of each 

period, the Exchange system adds (if a 

buy order) or subtracts (if a sell order) 

one buffer amount (the Exchange 

determines the buffer amount on a classby-class basis) to the drill-through price 

displayed during the immediately 

preceding period (each new price 

becomes the ‘‘drill-through price’’). The 

order (or unexecuted portion) rests in 

the book at that new drill-through price 

for the duration of the subsequent 

period. The Exchange system applies a 

timestamp to the order (or unexecuted 

portion) based on the time it enters or 

is re-priced in the book for priority 

reasons. The order continues through 

this iterative process until the earliest of 

the following to occur: (a) the order 

fully executes; (b) the user cancels the 

order; and (c) the buy (sell) order’s limit 

price equals or is less (greater) than the 

drill-through price at any time during 

application of the drill-through 

mechanism, in which case the order 

rests in the book at its limit price, 

subject to a user’s instructions. 

Currently, the drill-through protection 

applies to ISOs. An ISO is a limit order 

for an options series that meets the 

following requirements: (1) when routed 

to an Eligible Exchange,7 the order is 

identified as an ISO; and (2) 

simultaneously with the routing of the 

order, one or more additional ISOs, as 

necessary, are routed to execute against 

the full displayed size of any Protected 

Bid, in the case of a limit order to sell, 

or any Protected Offer, in the case of a 

limit order to buy, for the options series 

with a price that is superior to the limit 

price of the ISO, with such additional 

orders also marked as ISOs.8

The Exchange proposes to exclude 

ISOs from the drill-through protection.9

The primary purpose of the drillthrough price protection is to prevent 

orders from executing at prices ‘‘too far 

away’’ from the market when they enter 

the book for potential execution. This is 

inconsistent with the primary purpose 

of ISOs, which is to permit orders to 

trade at prices outside of the market. 

The Exchange believes excluding ISOs 

from the drill-through is consistent with 

the purpose of each type of 

functionality. 

2. Statutory Basis 

The Exchange believes the proposed 

rule change is consistent with the 

Securities Exchange Act of 1934 (the 

‘‘Act’’) and the rules and regulations 

thereunder applicable to the Exchange 


ddrumheller on DSK120RN23PROD with NOTICES1
Federal Register / Vol. 89, No. 16 / Wednesday, January 24, 2024 / Notices 4647 

10 15 U.S.C. 78f(b). 

11 15 U.S.C. 78f(b)(5). 

12 Id. 

13The Exchange notes ISOs will continue to 

receive price protection, such as from the limit 

order fat finger check. See Rule 21.17(b). 

14See SR–CboeEDGX–2023–082 (December 21, 

2023). 15See Miami International Securities Exchange, 

LLC (‘‘MIAX’’) Rule 515(c)(1) (ISOs excluded from 

MIAX’s price protection on non-market maker 

orders in non-proprietary products, which prevents 

orders from executing more than a specified 

number of increments away from the national best 

bid or offer (‘‘NBBO’’) at the time the order is 

received). 16 15 U.S.C. 78s(b)(3)(A). 17 17 CFR 240.19b–4(f)(6). 18 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. 

and, in particular, the requirements of 

section 6(b) of the Act.10 Specifically, 

the Exchange believes the proposed rule 

change is consistent with the section 

6(b)(5) 11 requirements that the rules of 

an exchange be 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 regulating, clearing, settling, 

processing information with respect to, 

and 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. 

Additionally, the Exchange believes the 

proposed rule change is consistent with 

the section 6(b)(5) 12 requirement that 

the rules of an exchange not be designed 

to permit unfair discrimination between 

customers, issuers, brokers, or dealers. 

In particular, the Exchange believes 

the proposed rule change will promote 

just and equitable principles of trade, 

remove impediments to and perfect the 

mechanism of a national market system, 

and protect investors and the public 

interest, because it will increase 

instances in which ISOs receive 

executions up to their limit prices, 

including outside of the market prices 

when the ISOs were submitted to the 

Exchange, which the Exchange believes 

is consistent with the expectations of 

users that submit those orders. As noted 

above, the primary purpose of ISOs is to 

permit orders to trade at prices outside 

of the market. The primary purpose of 

the drill-through price protection is to 

prevent orders from executing at prices 

‘‘too far away’’ from the market when 

they enter the book for potential 

execution. The Exchange believes 

excluding ISOs from the drill-through is 

consistent with the purpose of each type 

of functionality. Therefore, the 

Exchange believes the proposed rule 

change will enhance the Exchange 

system by aligning its drill-through 

protection with the intended purpose of 

ISOs.13 The Exchange believes the 

proposed rule change may ultimately 

result in additional executions 

consistent with the expectations of users 

that submit ISOs, which ultimately 

benefits investors. The Exchange further 

believes the proposed rule change is not 

designed to permit unfair 

discrimination between customers, 

issuers, brokers, or dealers, as it will 

apply to ISOs of all users. 

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 competition that is not 

necessary or appropriate in furtherance 

of the purposes of the Act. The 

Exchange does not believe that the 

proposed rule change will impose any 

burden on intramarket competition that 

is not necessary or appropriate in 

furtherance of the purposes of the Act, 

because it will apply in the same 

manner to ISOs of all Members. The 

Exchange does not believe that the 

proposed rule change will impose any 

burden on intermarket competition that 

is not necessary or appropriate in 

furtherance of the purposes of the Act, 

because it relates solely to the 

application of one of the Exchange’s 

price protection mechanisms to ISOs. 

Additionally, the proposed rule change 

substantively identical to a recent rule 

change by Cboe EDGX Exchange, Inc. 

(‘‘EDGX Options’’).14 The Exchange also 

notes at least one other options 

exchange excludes ISOs from certain of 

its price protection measures.15

C. Self-Regulatory Organization’s 

Statement on Comments on the 

Proposed Rule Change Received From 

Members, Participants, or Others 

The Exchange neither solicited nor 

received comments on the proposed 

rule change. 

III. Date of Effectiveness of the 

Proposed Rule Change and Timing for 

Commission Action 

Because the foregoing proposed rule 

change does not: 

A. significantly affect the protection 

of investors or the public interest; 

B. impose any significant burden on 

competition; and 

C. 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) of the 

Act 16 and Rule 19b–4(f)(6) 17

thereunder.18 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 will institute proceedings 

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 (http://www.sec.gov/ 

rules/sro.shtml); or 

• Send an email to rule-comments@

sec.gov. Please include file number SR– 

CboeBZX–2024–005 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–CboeBZX–2024–005. 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 


ddrumheller on DSK120RN23PROD with NOTICES1
4648 Federal Register / Vol. 89, No. 16 / Wednesday, January 24, 2024 / Notices 

19 17 CFR 200.30–3(a)(12). 

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–CboeBZX–2024–005 and should be 

submitted on or before February 14, 

2024. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.19

Sherry R. Haywood, 

Assistant Secretary. 

[FR Doc. 2024–01306 Filed 1–23–24; 8:45 am] 

BILLING CODE 8011–01–P 

DEPARTMENT OF STATE 

[Public Notice: 12311] 

Notification of Meetings of the United 

States-Peru Environmental Affairs 

Council, Environmental Cooperation 

Commission, and Sub-Committee on 

Forest Sector Governance 

AGENCY: Department of State. 

ACTION: Notice of meetings and requests 

for comments; invitation to public 

session. 

SUMMARY: The U.S. Department of State 

and the Office of the United States 

Trade Representative (USTR) are 

providing notice that on February 13– 

14, 2024, the United States and Peru 

will hold meetings of the Environmental 

Affairs Council (the ‘‘Council’’), the 

Environmental Cooperation 

Commission (the ‘‘Commission’’), and 

the Sub-Committee on Forest Sector 

Governance (the ‘‘Sub-Committee’’). The 

public sessions for the Council, 

Commission, and Sub-Committee 

meetings will be held on February 14, 

2024. All meetings will take place in 

Lima, Peru. The purpose of the meetings 

is to review the implementation of 

Chapter 18 (Environment) of the United 

States-Peru Trade Promotion Agreement 

(PTPA); the PTPA Annex on Forest 

Sector Governance (Annex 18.3.4); and 

the United States-Peru Environmental 

Cooperation Agreement (ECA). 

All interested persons are invited to 

attend the public session, and to submit 

written comments or questions 

regarding the implementation of 

Chapter 18, Annex 18.3.4, and the ECA. 

Specifically, the public may submit 

input for the Council meeting agenda; 

views and comments on the issues the 

public considers relevant to the 

Council’s work; and views with respect 

to the forthcoming update of the 2024– 

2027 United States-Peru Environmental 

Cooperation Work Program. In 

preparing comments, submitters are 

encouraged to refer to Chapter 18 of the 

PTPA, including Annex 18.3.4, and the 

ECA (available at https://www.state.gov/ 

key-topics-office-of-environmentalquality-and-transboundary-issues/ 

current-trade-agreements-withenvironmental-chapters/#peru). 

Instructions on how to submit 

comments are under the heading 

‘‘Comments and RSVP’’. 

DATES: The public sessions of the 

Council, Commission, and SubCommittee meetings will be held on 

February 14, 2024. Confirmation of 

attendance and comments or 

suggestions are requested in writing no 

later than February 9, 2024. 

ADDRESSES: Please contact Elizabeth 

Linske and Sigrid Simpson for the 

location of this meeting. 

Comments and RSVP: Written 

comments or suggestions should be 

submitted to both: 

(1) Elizabeth Linske, U.S. Department 

of State, Bureau of Oceans and 

International Environmental and 

Scientific Affairs, Office of 

Environmental Quality, by email at 

LinskeE@state.gov with the subject line 

‘‘UNITED STATES-PERU EAC/ECC 

MEETING’’ and 

(2) Sigrid Simpson, Office of the 

United States Trade Representative, 

Office of Environment and Natural 

Resources, by email at 

Sigrid.A.Simpson@ustr.eop.gov with the 

subject line ‘‘UNITED STATES-PERU 

EAC/ECC MEETING.’’ 

In your email, please include your full 

name and affiliation. 

If you have access to the internet, you 

can view and comment on this notice by 

going to: http://www.regulations.gov/ 

#!home and searching for docket 

number DOS–2024–0002. 

FOR FURTHER INFORMATION CONTACT: 

Elizabeth Linske (telephone: 202–344– 

9852; email: LinskeE@state.gov) or 

Sigrid Simpson (telephone: 202–881– 

6592; email: Sigrid.A.Simpson@

ustr.eop.gov). 

SUPPLEMENTARY INFORMATION: The PTPA 

entered into force on February 1, 2009. 

Article 18.6 of the PTPA establishes an 

Environmental Affairs Council, which is 

required to meet once a year unless 

otherwise agreed by the Parties to 

discuss the implementation of Chapter 

18. Annex 18.3.4 to the PTPA 

establishes a Sub-Committee on Forest 

Sector Governance. The Sub-Committee 

is a specific forum for the Parties to 

share views and information on any 

matter arising under the PTPA Annex 

on Forest Sector Governance. The ECA 

entered into force on August 23, 2009. 

Article III of the ECA establishes an 

Environmental Cooperation 

Commission and makes the Commission 

responsible for developing a Work 

Program. Article 18.6 of the PTPA and 

Article VI of the ECA provide that 

meetings of the Council and 

Commission respectively include a 

public session, unless the Parties 

otherwise agree. At its first meeting, the 

Sub-Committee on Forest Sector 

Governance committed to hold a public 

session after each Sub-Committee 

meeting. 

Scott B. Ticknor, 

Director, Office of Environmental Quality, 

Department of State. 

[FR Doc. 2024–01299 Filed 1–23–24; 8:45 am] 

BILLING CODE 4710–09–P 

SURFACE TRANSPORTATION BOARD 

[Docket No. EP 290 (Sub–No. 4)] 

Railroad Cost Recovery Procedures— 

Productivity Adjustment 

AGENCY: Surface Transportation Board. 

ACTION: Presentation of the Board’s 

calculation for the change in railroad 

productivity for the 2018–2022 

averaging period. 

SUMMARY: In a decision served on 

January 19, 2024, the Board proposed to 

adopt 1.011 (1.1% per year) as the 

measure of average (geometric mean) 

change in railroad productivity for the 

2018–2022 (five-year) period. The 

Board’s January 19, 2024 decision stated 

that comments may be filed addressing 

any perceived data and computational 

errors in the Board’s calculation. The 

decision also stated that, unless a 

further order is issued postponing the 

effective date, the decision will take 

effect on March 1, 2024. 

DATES: Comments are due by February 

5, 2024. 

ADDRESSES: Comments may be filed via 

e-filing on the Board’s website at 

www.stb.gov. Comments must be served 

on all parties appearing on the service 

list. 

FOR FURTHER INFORMATION CONTACT: 

Pedro Ramirez at (202) 245–0333. If you 

require accommodation under the 

Americans with Disabilities Act, please 

call (202) 245–0245. 

SUPPLEMENTARY INFORMATION: 

Additional information is contained in 


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