Federal Register / Vol. 89, No. 184 / Monday, September 23, 2024 / Notices 77565 

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

2 15 U.S.C. 78a. 

3 17 CFR 240.19b–4. 

4The rules of Cboe EDGA Exchange, Inc. 

(‘‘EDGA’’), Cboe EDGX Exchange, Inc. (‘‘EDGX’’), 

and Members Exchange (‘‘MEMX’’) appear to 

permit the use of instructions comparable to the 

MTS Modifier in any size. See EDGA Rules 11.2 

(providing that orders are eligible for odd-lot, 

round-lot, and mixed-lot executions unless 

otherwise indicated) and 11.6(h) (defining 

Minimum Execution Quantity instruction); EDGX 

Rules 11.2 and 11.6(h) (same); MEMX Rules 11.2 

Continued 

SECURITIES AND EXCHANGE 

COMMISSION 

[SEC File No. 270–028, OMB Control No. 

3235–0032] 

Proposed Collection; Comment 

Request; Extension: Rule 17f–1(b) 

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’’) is soliciting comments 

on the existing collection of information 

provided for in Rule 17f–1(b) (17 CFR 

240.17f–1(b)), under the Securities 

Exchange Act of 1934 (15 U.S.C. 78a et 

seq.). The Commission plans to submit 

this existing collection of information to 

the Office of Management and Budget 

(‘‘OMB’’) for extension and approval. 

Under Rule 17f–1(b) under the 

Exchange Act, approximately 9,500 

entities in the securities industry are 

registered in the Lost and Stolen 

Securities Program (‘‘Program’’). 

Registration fulfills a statutory 

requirement that entities report and 

inquire about missing, lost, counterfeit, 

or stolen securities. Registration also 

allows entities in the securities industry 

to gain access to a confidential database 

that stores information for the Program. 

The Commission staff estimates that 4 

new entities will register in the Program 

each year. The staff estimates that the 

average number of hours necessary to 

comply with Rule 17f–1(b) is one-half 

hour. Accordingly, the staff estimates 

that total annual burden for all 

participants is 2 hours (4 × one-half 

hour). The Commission staff estimates 

that compliance staff work at subject 

entities results in an internal cost of 

compliance, at an estimated hourly 

wage of $344, of $172 per year per entity 

(.5 hours × $344 per hour = $172 per 

year). Therefore, the aggregate annual 

internal cost of compliance is 

approximately $688 ($172 × 4= $688). 

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 

estimates of the burden of the proposed 

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 

November 22, 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: Austin Gerig, Director/Chief Data 

Officer, Securities and Exchange 

Commission, c/o Oluwaseun Ajayi, 100 

F Street NE, Washington, DC 20549, or 

send an email to: PRA_Mailbox@

sec.gov. 

Dated: September 18, 2024. 

Vanessa A. Countryman, 

Secretary. 

[FR Doc. 2024–21656 Filed 9–20–24; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–101050; File No. SR–NYSE– 

2024–56] 

Self-Regulatory Organizations; New 

York Stock Exchange LLC; Notice of 

Filing and Immediate Effectiveness of 

Proposed Rule Change To Amend Rule 

7.31 

September 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 

September 9, 2024, New York Stock 

Exchange LLC (‘‘NYSE’’ or the 

‘‘Exchange’’) 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 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 amend 

Rule 7.31 regarding the Minimum Trade 

Size Modifier. 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 amend 

Rule 7.31 regarding the Minimum Trade 

Size (‘‘MTS’’) Modifier. 

Rule 7.31(i)(3) provides that a Limit 

IOC Order, Non-Displayed Limit Order, 

Non-Displayed Primary Pegged Order, 

or MPL Order may be designated with 

an MTS Modifier. Rule 7.31(i)(3)(A) 

currently provides that an MTS must be 

a minimum of a round lot and that an 

order with an MTS Modifier will be 

rejected if the MTS is less than a round 

lot or if the MTS is larger than the size 

of the order. The Exchange proposes to 

amend Rule 7.31(i)(3)(A) to provide that 

an MTS may be an odd lot quantity and 

thus proposes to eliminate rule text 

currently providing that an MTS must 

be a minimum of a round lot and that 

an order with an MTS of less than one 

round lot would be rejected. The 

Exchange believes that restricting the 

use of the MTS Modifier to round lot 

sizes only is unnecessary and that 

providing member organizations with 

the option to use the MTS Modifier with 

an odd lot quantity could increase 

liquidity and enhance opportunities for 

order execution on the Exchange. The 

Exchange notes that permitting odd-lot 

order quantities is not novel on the 

Exchange or other equity exchanges and 

believes that this proposed change is 

consistent with other equity exchanges’ 

approaches to the use of instructions 

similar to the MTS Modifier.4


khammond on DSKJM1Z7X2PROD with NOTICES
77566 Federal Register / Vol. 89, No. 184 / Monday, September 23, 2024 / Notices 

and 11.6(f) (same). See also, e.g., IEX Rule 

1190(b)(3) (providing that a non-displayed order 

may be a Minimum Quantity Order and may be an 

odd lot order). 5An ALO Order is a Non-Routable Limit Order 

that, unless it receives price improvement, will not 

remove liquidity from the Exchange Book; an ALO 

Order may be designated as non-displayed. See 

Rule 7.31(e)(2). 

6 15 U.S.C. 78f(b). 

7 15 U.S.C. 78f(b)(5). 8See note 4, supra. 

9 15 U.S.C. 78s(b)(3)(A)(iii). 

10 17 CFR 240.19b–4(f)(6). 

11 15 U.S.C. 78s(b)(3)(A)(iii). 

12 17 CFR 240.19b–4(f)(6). In addition, Rule 19b– 

4(f)(6)(iii) 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 fulfilled this requirement. 

13 17 CFR 240.19b–4(f)(6). 

14 17 CFR 240.19b–4(f)(6)(iii). 

15For purposes only of accelerating the operative 

date of this proposal, the Commission has 

considered the proposed rule’s impact on 

efficiency, competition, and capital formation. 15 

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

The Exchange also proposes to amend 

Rule 7.31(i)(3) to include the nondisplayed ALO Order as an order type 

that could be designated with an MTS 

Modifier. This clarifying change is 

intended only to reflect current 

behavior, by providing a complete list of 

the order types that may be designated 

with an MTS Modifier. The Exchange 

notes that the inclusion of the nondisplayed ALO Order 5 as an order type 

that may be designated with an MTS 

Modifier is consistent with the existing 

use of the MTS Modifier with nondisplayed order types such as NonDisplayed Limit Orders and MPL Orders 

(including MPL–ALO Orders). 

Moreover, although the non-displayed 

ALO Order is a Limit Order that is nondisplayed, the Exchange believes that 

specifically including the non-displayed 

ALO Order in the text of Rule 7.31(i)(3) 

would reduce ambiguity as to the order 

types that may be designated with an 

MTS Modifier. 

Because of the technology changes 

associated with this proposed rule 

change, the Exchange will announce the 

implementation date by Trader Update, 

which, subject to effectiveness of this 

proposed rule change, will be no later 

than in the fourth quarter of 2024. 

2. Statutory Basis 

The proposed rule change is 

consistent with Section 6(b) of the Act,6

in general, and furthers the objectives of 

Section 6(b)(5),7 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 change would remove 

impediments to, and perfect the 

mechanism of, a free and open market 

and a national market system, and 

protect investors and the public interest 

because it would provide member 

organizations with the option to use the 

MTS Modifier with odd lot quantities, 

which could encourage order flow to the 

Exchange and promote opportunities for 

order execution on the Exchange, to the 

benefit of all market participants. The 

proposed change would also clarify that 

the MTS Modifier may be used in 

conjunction with non-displayed ALO 

Orders, thereby removing impediments 

to, and perfecting the mechanism of, a 

free and open market and a national 

market system by updating Exchange 

rules to ensure that they reflect the 

current availability of the MTS Modifier 

and promoting consistency and 

specificity in Exchange rules as to the 

use of such modifier with non-displayed 

order types. The Exchange notes that the 

proposed change would not otherwise 

impact the operation of the MTS 

Modifier as provided under current 

Exchange rules. The Exchange also 

believes that the proposed change 

would align Exchange rules with the use 

of instructions similar to the MTS 

Modifier on other equity exchanges, 

thereby removing impediments to, and 

perfecting the mechanism of, a free and 

open market and a national market 

system.8

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 

proposed change would allow the 

optional MTS Modifier to be used with 

an odd lot quantity and accurately 

reflect the order types that may be 

designated with an MTS Modifier. The 

Exchange believes that the proposed 

change would promote competition 

among exchanges by offering member 

organizations options available on other 

equity exchanges and, to the extent the 

proposed change would increase 

opportunities for order execution, 

promote competition by making the 

Exchange a more attractive venue for 

order flow and enhancing market 

quality for all market participants. 

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 9 and Rule 

19b–4(f)(6) thereunder.10 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)(iii) of the Act 11 and Rule 

19b–4(f)(6)(iii) thereunder.12

A proposed rule change filed under 

Rule 19b–4(f)(6) 13 normally does not 

become operative prior to 30 days after 

the date of the filing. However, pursuant 

to Rule 19b4(f)(6)(iii),14 the Commission 

may designate a shorter time if such 

action is consistent with the protection 

of investors and the public interest. The 

Exchange has asked the Commission to 

waive the 30-day operative delay so that 

the proposal may take effect as soon as 

the technology associated with the 

proposed change is available, which is 

anticipated to be less than 30 days from 

the date of this filing. The Commission 

believes that waiver of the operative 

delay is consistent with the protection 

of investors and the public interest 

because the proposal raises no novel 

issues and would allow use of the MTS 

Modifier with odd lot quantities without 

delay and promote clarity in Exchange 

rules as to the order types that may be 

designated with an MTS Modifier. 

Accordingly, the Commission hereby 

waives the 30-day operative delay and 

designates the proposal operative upon 

filing.15

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 


khammond on DSKJM1Z7X2PROD with NOTICES
Federal Register / Vol. 89, No. 184 / Monday, September 23, 2024 / Notices 77567 

16 15 U.S.C. 78s(b)(2)(B). 

17 17 CFR 200.30–3(a)(12). 

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

2 17 CFR 240.19b–4. 

3 17 CFR 240.19b–4(f)(6). 

4See Securities Exchange Act Release No. 98980 

(November 17, 2023), 88 FR 82447 (November 24, 

2023) (Notice of Filing of Amendment No. 2 and 

Order Granting Accelerated Approval of File No. 

SR–FINRA–2023–006); see also Regulatory Notice 

24–02 (January 2024). 

5See supra note 4. 

the purposes of the Act. If the 

Commission takes such action, the 

Commission shall institute proceedings 

under Section 19(b)(2)(B) 16 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– 

NYSE–2024–56 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–NYSE–2024–56. 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–NYSE–2024–56 and should be 

submitted on or before October 15, 

2024. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.17

Vanessa A. Countryman, 

Secretary. 

[FR Doc. 2024–21624 Filed 9–20–24; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–101052; File No. SR– 

FINRA–2024–015] 

Self-Regulatory Organizations; 

Financial Industry Regulatory 

Authority, Inc.; Notice of Filing and 

Immediate Effectiveness of a Proposed 

Rule Change to Amend Form U4 and 

FINRA Rule 3110.19(d) (Obligation To 

Provide List of RSLs to FINRA) for New 

RSL Question 

September 17, 2024. 

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

Securities Exchange Act of 1934 

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

notice is hereby given that on 

September 13, 2024, the Financial 

Industry Regulatory Authority, Inc. 

(‘‘FINRA’’) filed with the Securities and 

Exchange Commission (‘‘SEC’’ or 

‘‘Commission’’) the proposed rule 

change as described in Items I, II, and 

III below, which Items have been 

prepared by FINRA. FINRA has 

designated the proposed rule change as 

constituting a ‘‘non-controversial’’ rule 

change under paragraph (f)(6) of Rule 

19b–4 under the Act,3 which renders 

the proposal effective upon receipt of 

this filing by the Commission. 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 

FINRA is proposing to (1) amend 

Section 1 (General Information) of the 

Uniform Application for Securities 

Industry Registration or Transfer (‘‘Form 

U4’’) to add a new question eliciting 

information to identify locations as 

residential supervisory locations 

(‘‘RSLs’’); (2) amend FINRA Rule 

3110.19(d) (Obligation to Provide List of 

RSLs to FINRA) to remove the reference 

to a list of RSLs and the quarterly 

timeframe for member firms to provide 

the list to FINRA and replace it with the 

requirement that member firms provide 

current information identifying all 

locations designated as RSLs in the 

frequency, manner and format as FINRA 

may prescribe; and (3) make conforming 

changes to Section 6 (Registration 

Requests with Affiliated Firms) of the 

Form U4 and amend the Form U4 

Instructions to account for the new 

question soliciting RSL information 

(‘‘RSL Question’’). 

The text of the proposed rule change 

is available on FINRA’s website at 

http://www.finra.org, at the principal 

office of FINRA 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, 

FINRA 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. FINRA 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 

Proposed Amendment to Section 1 

(General Information) of Form U4 To 

Add a New RSL Question 

Effective June 1, 2024, FINRA Rule 

3110.19 permits a member firm to 

designate a private residence at which 

an associated person engages in 

specified supervisory activities, subject 

to certain safeguards and limitations, as 

an RSL, a non-registered location.4

Currently, Rule 3110.19(d) requires a 

member firm that elects to designate any 

of its offices or locations as an RSL to 

provide FINRA with a current list of 

those offices or locations by the 15th 

day of the month following each 

calendar quarter in the manner and 

format (e.g., through an electronic 

process or such other process) as FINRA 

may prescribe.5 As part of FINRA’s 


khammond on DSKJM1Z7X2PROD with NOTICES