Federal Register / Vol. 89, No. 28 / Friday, February 9, 2024 / Notices 9279 

7The term ‘‘System’’ means the automated 

trading system used by the Exchange for the trading 

of securities. See Exchange Rule 100. 

8 15 U.S.C. 78s(b)(3)(A). 

9 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, 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. 

10 17 CFR 240.19b–4(f)(6)(iii). 

11For purposes only of waiving the 30-day 

operative delay, the Commission has also 

considered the proposed rule’s impact on 

efficiency, competition, and capital formation. See 

15 U.S.C. 78c(f). 

12 17 CFR 200.30–3(a)(12), 59. 

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

2 17 CFR 240.19b–4. 

does not substantively modify System 7

functionality or processes on the 

Exchange, the proposed changes will 

not impose any burden on competition 

nor are they meant to affect competition 

among the exchanges. 

C. Self-Regulatory Organization’s 

Statement on Comments on the 

Proposed Rule Change Received From 

Members, Participants, or Others 

Written comments were neither 

solicited nor received. 

III. Date of Effectiveness of the 

Proposed Rule Change and Timing for 

Commission Action 

Because the foregoing 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 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 8 and 

subparagraph (f)(6) of Rule 19b-4 

thereunder.9

A proposed rule change filed 

pursuant to Rule 19b–4(f)(6) under the 

Act normally does not become operative 

for 30 days after the date of its filing. 

However, Rule 19b–4(f)(6)(iii) 10 permits 

the Commission to designate a shorter 

time if such action is consistent with the 

protection of investors and the public 

interest. The Exchange has requested 

that the Commission waive the 30-day 

operative delay so that the proposal may 

become operative immediately upon 

filing. The proposed change modifies 

the Exchange’s rules to correct citations 

to Rule 600(b) of Regulation NMS, 

which should help prevent confusion 

and add clarity to the Exchange’s rules. 

For these reasons, and because the 

proposal raises no novel legal or 

regulatory issues, the Commission 

believes that waiver of the 30-day 

operative delay is consistent with the 

protection of investors and the public 

interest. Accordingly, the Commission 

hereby waives the 30-day operative 

delay and designates the proposed rule 

change operative upon filing.11

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 

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–EMERALD–2024–02 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–EMERALD–2024–02. 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 

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–EMERALD–2024–02 and should be 

submitted on or before March 1, 2024. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.12

Sherry R. Haywood, 

Assistant Secretary. 

[FR Doc. 2024–02646 Filed 2–8–24; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–99473; File No. SR–MIAX– 

2024–04] 

Self-Regulatory Organizations; Miami 

International Securities Exchange, 

LLC; Notice of Filing and Immediate 

Effectiveness of a Proposed Rule 

Change To Update Citations to Rule 

600(b) of Regulation National Market 

System 

February 5, 2024. 

Pursuant to the provisions of 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 January 24, 2024, Miami 

International Securities Exchange, LLC 

(‘‘MIAX’’ or ‘‘Exchange’’) filed with the 

Securities and Exchange Commission 

(‘‘Commission’’) a proposed rule change 

as described in Items I and II below, 

which Items have been prepared by the 

Exchange. 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 is filing a proposal to 

update citations to Rule 600(b) of 

Regulation National Market System 

(‘‘Regulation NMS’’) in Exchange Rule 

518, Complex Orders, Rule 530, Limit 

Up-Limit Down, and Rule 1701, 


ddrumheller on DSK120RN23PROD with NOTICES1
9280 Federal Register / Vol. 89, No. 28 / Friday, February 9, 2024 / Notices 

3See Securities Exchange Act Release No. 90610, 

86 FR 18596 (April 9, 2021) (S7–03–20). 

4 15 U.S.C. 78f(b). 

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

6The term ‘‘Member’’ means an individual or 

organization approved to exercise the trading rights 

associated with a Trading Permit. Members are 

deemed ‘‘members’’ under the Exchange Act. See 

Exchange Rule 100. 

7The term ‘‘System’’ means the automated 

trading system used by the Exchange for the trading 

of securities. See Exchange Rule 100. 

8 15 U.S.C. 78s(b)(3)(A). 

9 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, 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. 

10 17 CFR 240.19b–4(f)(6)(iii). 

Consolidated Audit Trail Compliance 

Rule—Definitions. 

The text of the proposed rule change 

is available on the Exchange’s website at 

https://www.miaxglobal.com/markets/ 

us-options/miax-options/rule-filings, at 

MIAX’s principal office, 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 update 

citations to Rule 600(b) of Regulation 

NMS in Exchange Rule 518, Complex 

Orders, Rule 530, Limit Up-Limit Down, 

and Rule 1701, Consolidated Audit Trail 

Compliance Rule—Definitions. 

In 2021, the Securities and Exchange 

Commission (the ‘‘Commission’’) 

amended Regulation NMS under the Act 

in connection with the adoption of the 

Market Data Infrastructure Rules.3 As 

part of that initiative, the Commission 

adopted new definitions in Rule 600(b) 

of Regulation NMS and renumbered the 

remaining definitions, including the 

definitions of Trading Center (formerly 

Rule 600(b)(78)), NMS Stock (formerly 

Rule 600(b)(47)), Regular Trading Hours 

(formerly Rule 600(b)(64)), and Listed 

Option or Option ((formerly Rule 

600(b)(35)). 

The Exchange accordingly proposes to 

update the relevant citations to Rule 

600(b) in its rules as follows: 

• The citation to the definition of 

NMS Stock in Rule 518 would be 

changed to Rule 600(b)(55). 

• The citation to the definition of 

Trading Center in Rule 518 would be 

changed to Rule 600(b)(95). 

• The citation to the definition of 

Regular Trading Hours in Rule 530, 

Limit Up-Limit Down, would be 

changed to Rule 600(b)(77). 

• The citation to the definition of 

Listed Option or Option in Rule 1701, 

Consolidated Audit Trail Compliance 

Rule—Definitions, would be changed to 

Rule 600(b)(43). 

• The citation to the definition of 

NMS Stock in Rule 1701, Consolidated 

Audit Trail Compliance Rule— 

Definitions, would be changed to Rule 

600(b)(55). 

2. Statutory Basis 

The Exchange believes the proposed 

rules changes are consistent with the 

Act and the rules and regulations 

thereunder applicable to the Exchange 

and, in particular, the requirements of 

Section 6(b) of the Act.4 Specifically, 

the Exchange believes the proposed 

rules changes are consistent with 

Section 6(b)(5) 5 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. 

The Exchange believes that the 

proposed changes to its rules to correct 

citations to Rule 600(b) of Regulation 

NMS would remove impediments to 

and perfect the mechanism of a free and 

open market and a national market 

system because the proposed change is 

designed to update an external rule 

reference. The Exchange believes that 

Members 6 would benefit from the 

increased clarity, thereby reducing 

potential confusion and ensuring that 

those subject to the Exchange’s 

jurisdiction, regulators, and the 

investing public can more easily 

navigate and understand the Exchange’s 

rules. The Exchange further believes 

that the proposed changes would not be 

inconsistent with the public interest and 

the protection of investors because 

investors will not be harmed and in fact 

would benefit from increased clarity, 

thereby reducing potential confusion. 

In addition, the Exchange proposes to 

correct a grammatical error in the 

definition of ‘‘Listed Options’’ or 

‘‘Option’’ in Exchange Rule 1701 to 

conform to the other definitions in the 

Rule. 

B. Self-Regulatory Organization’s 

Statement on Burden on Competition 

The Exchange believes that the 

proposed rules changes would not 

impose any burden on competition that 

is not necessary or appropriate in 

furtherance of the purposes of the Act. 

The proposed rules changes is not 

intended to address competitive issues 

but rather would modify Exchange rules 

to update citations to Rule 600(b) of 

Regulation NMS. Since the proposal 

does not substantively modify System 7

functionality or processes on the 

Exchange, the proposed changes will 

not impose any burden on competition 

nor are they meant to affect competition 

among the exchanges. 

C. Self-Regulatory Organization’s 

Statement on Comments on the 

Proposed Rule Change Received From 

Members, Participants, or Others 

Written comments were neither 

solicited nor received. 

III. Date of Effectiveness of the 

Proposed Rule Change and Timing for 

Commission Action 

Because the foregoing 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 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 8 and 

subparagraph (f)(6) of Rule 19b–4 

thereunder.9

A proposed rule change filed 

pursuant to Rule 19b–4(f)(6) under the 

Act normally does not become operative 

for 30 days after the date of its filing. 

However, Rule 19b–4(f)(6)(iii) 10 permits 

the Commission to designate a shorter 

time if such action is consistent with the 

protection of investors and the public 

interest. The Exchange has requested 

that the Commission waive the 30-day 

operative delay so that the proposal may 

become operative immediately upon 


ddrumheller on DSK120RN23PROD with NOTICES1
Federal Register / Vol. 89, No. 28 / Friday, February 9, 2024 / Notices 9281 

11For purposes only of waiving the 30-day 

operative delay, the Commission has also 

considered the proposed rule’s impact on 

efficiency, competition, and capital formation. See 

15 U.S.C. 78c(f). 12 17 CFR 200.30–3(a)(12), (59). 

filing. The proposed change modifies 

the Exchange’s rules to correct citations 

to Rule 600(b) of Regulation NMS and 

make a grammatical correction, which 

should help prevent confusion and add 

clarity to the Exchange’s rules. For these 

reasons, and because the proposal raises 

no novel legal or regulatory issues, the 

Commission believes that waiver of the 

30-day operative delay is consistent 

with the protection of investors and the 

public interest. Accordingly, the 

Commission hereby waives the 30-day 

operative delay and designates the 

proposed rule change operative upon 

filing.11

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 

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– 

MIAX–2024–04 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–MIAX–2024–04. 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 

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–MIAX–2024–04 and should be 

submitted on or before March 1, 2024. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.12

Sherry R. Haywood, 

Assistant Secretary. 

[FR Doc. 2024–02644 Filed 2–8–24; 8:45 am] 

BILLING CODE 8011–01–P 

SMALL BUSINESS ADMINISTRATION 

Data Collection Available for Public 

Comments 

ACTION: 60-Day notice and request for 

comments. 

SUMMARY: The Small Business 

Administration (SBA) plans to seek 

approval from the Office of Management 

and Budget (OMB) to conduct the data 

collection activities described below. 

The Paperwork Reduction Act requires 

federal agencies to publish a notice in 

the Federal Register concerning each 

proposed collection of information to 

OMB, and to allow 60 days for the 

public to comment in response to the 

notice. This notice complies with such 

requirements and announces the SBA’s 

proposal to conduct a survey of cluster 

administrators, small businesses, and 

partner organizations including 

Entrepreneurial Support Organizations 

(ESO) who participated in the SBA’s 

Regional Innovation Cluster (RIC) 

Initiative. 

DATES: Submit comments on or before 

April 7, 2024. 

ADDRESSES: Send all comments to 

Alison Evans, Office of Investment and 

Innovation, 409 3rd Street SW, Suite 

6300, Washington DC 20416, with the 

subject line: ‘‘Regional Innovation 

Cluster Program Evaluation’’ 

FOR FURTHER INFORMATION CONTACT: 

Alison Evans, Office of Investment and 

Innovation (Alison.Evans@sba.gov), or 

Curtis B. Rich, Management Analyst, 

202–205–7030, curtis.rich@sba.gov. 

SUPPLEMENTARY INFORMATION: This is a 

request for the extension with changes 

to a currently approved collection 

(previous OMB number: 3245–0392). 

Through the RIC Initiative, the SBA is 

investing in regional clusters— 

geographic concentrations of 

interconnected companies, specialized 

suppliers, academic institutions, service 

providers, and associated organizations 

with a specific industry focus— 

throughout the United States that span 

a variety of industries. The three 

primary goals of the initiative are to (1) 

increase opportunities for small 

business participation within clusters, 

(2) promote innovation in the industries 

on which the clusters are focused, and 

(3) enhance economic development and 

growth in cluster regions. To achieve 

these goals, the clusters provide a host 

of services to the target population of 

small and emerging businesses within 

their regional and industry focuses. 

Services include direct business 

advising and support and sponsoring 

events, such as networking 

opportunities with investors, partner 

organizations, ESOs, and other 

stakeholders in the regions. This 

information collection is necessary for 

the SBA to understand the progress of 

the RIC Initiative towards achieving its 

goals. 

The evaluation consists of two key 

components: an implementation 

evaluation and an outcome evaluation. 

The implementation evaluation focuses 

on how the Initiative is implemented 

across the fourteen clusters and on the 

services that each cluster provides to its 

small businesses. The outcome 

evaluation focuses on short and 

intermediate-term outcomes linked 

directly to the cluster services, as well 

as on long-term business outcomes that 

can be reasonably expected to result 

from the short- and intermediate-term 

outcomes. The short-term outcomes 

include the satisfaction and the 

perceived effectiveness of the program 

for business management and growth. 

The intermediate-term outcomes 

include development of new products, 

commercialization of new technologies, 


ddrumheller on DSK120RN23PROD with NOTICES1