Federal Register / Vol. 89, No. 187 / Thursday, September 26, 2024 / Notices 78919 

disability, please dial 7–1–1 to access 

telecommunications relay services. 

SUPPLEMENTARY INFORMATION: The Office 

of the PBGC Participant and Plan 

Sponsor Advocate (OPPSA) acts as a 

liaison between PBGC, sponsors of 

defined benefit pension plans insured 

by PBGC, and participants in pension 

plans trusteed by PBGC. OPPSA assists 

participants with searching for 

historical pension plan information as 

part of its pension plan tracing service. 

To conduct the tracing research, OPPSA 

uses an internal pension plan tracing 

research dashboard, which displays 

select data elements from various PBGC 

systems, including annual premium 

filing records and case information. The 

information found through OPPSA’s 

tracing research can help participants 

locate historical plan information. 

To perform the search, OPPSA will 

request participant contact information 

and specific plan information. This 

information includes the participant’s 

name, phone number, email address, 

and the inquirer’s name and 

relationship to participant if the 

inquirer it is not the participant; the 

employer’s name and location; the 

pension plan name; the employer 

identification number (EIN); the plan 

number (PN); the years that the 

participant worked for the employer; 

whether the person was an hourly, 

salaried, or part-time employee; and any 

addition information about the 

employer or pension plan that would 

aid in plan tracing, including listing any 

documents the participant has related to 

the pension plan. The collection of 

information is voluntary and minimally 

burdensome. It will enable OPPSA to 

more effectively run its pension plan 

tracing service and to assist participants 

in locating historical plan information. 

On July 22, 2024, PBGC published in 

the Federal Register (at 89 FR 59172) a 

notice informing the public of its intent 

to request approval of this collection of 

information. No comments were 

received. PBGC is requesting that OMB 

approve the collection of information 

for 3 years. An agency 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. 

PBGC estimates that it will receive 

intake information from approximately 

200 participants annually and that it 

will take participants 0.5 hours to 

complete and submit the information. 

The time needed to provide the 

information will vary among 

participants depending on what 

information they have readily available 

to them. The total amount of burden 

associated with this collection of 

information is estimated to be 100 hours 

and an estimated $0. 

Issued in Washington, DC. 

Hilary Duke, 

Assistant General Counsel for Regulatory 

Affairs, Pension Benefit Guaranty 

Corporation. 

[FR Doc. 2024–22110 Filed 9–25–24; 8:45 am] 

BILLING CODE 7709–02–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[SEC File No. 270–029, OMB Control No. 

3235–0037] 

Proposed Collection; Comment 

Request; Extension: Rule 17f–1(c) and 

Form X–17F–1A 

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(c) (17 CFR 

240.17f–1(c) and Form X–17F–1A (17 

CFR 249.100) 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. 

Rule 17f–1(c) requires approximately 

9,500 entities in the securities industry 

to report lost, stolen, missing, or 

counterfeit securities certificates to the 

Commission or its designee, to a 

registered transfer agent for the issue, 

and, when criminal activity is 

suspected, to the Federal Bureau of 

Investigation. Such entities are required 

to use Form X–17F–1A to make such 

reports. Filing these reports fulfills a 

statutory requirement that reporting 

institutions report and inquire about 

missing, lost, counterfeit, or stolen 

securities. Since these reports are 

compiled in a central database, the rule 

facilitates reporting institutions to 

access the database that stores 

information for the Lost and Stolen 

Securities Program (‘‘Program’’). 

We estimate that the total reporting 

burden for Regulation 17f–1(c), as 

adopted, for all respondents is 

approximately 2,937.5 hours. These 

burdens consist of a one-time burden in 

connection with Accenture Federal 

Services LLC (‘‘Accenture’’) becoming 

the new Program operator of 

approximately 2,000 hours for set-up, 

and annual burdens thereafter of 

approximately 25 hours for maintenance 

and 287.5 hours for reporting. [2,000 + 

3(25 + 287.5) = 2,937.5 hours] 

• The Commission estimates that 

approximately 50 reporting institutions 

will be subject to this one-time burden, 

which corresponds to 40 hours for each 

of the applicable reporting institutions. 

Further, the Commission estimates that 

updates in the applicable reporting 

institutions’ systems to maintain this 

connectivity will impose an aggregate 

ongoing annualized burden of 25 

burden hours, which corresponds to 30 

minutes for each of the applicable 

reporting institutions. Accordingly, this 

estimated burden to establish and 

maintain connectivity with Accenture 

over three years results in an aggregate 

burden of 691.67 hours per year or 13.83 

hours per applicable reporting 

institution per year. [(50 Respondents × 

1 Responses over 3 years) = 50 × (40 

hour) = 2,000 hours/3 years = 666.67 

hours per year; (50 Respondents × 1 

Responses) = 50 × (.5 hours) = 25 hours; 

666.67 hours + 25 hours = 691.67 hours; 

691.67 hours/50 Respondents = 13.83 

hours/Respondent]. 

• In addition, we estimate that 

approximately 115 reporting institutions 

will submit a report on average 30 times 

each year. The staff estimates that the 

average amount of time necessary for 

each reporting institution to comply 

with the Rule 17f–1(c) and Form X– 

17F–1A is five minutes. As a result, the 

total hourly burden for the periodic 

reporting burden under Rule 17f–1(c) is 

approximately 287.5 hours [(115 

Respondents × 30 Responses) × (5 

minutes/60 minutes/hour)]. 

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 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. 


khammond on DSKJM1Z7X2PROD with NOTICES
78920 Federal Register / Vol. 89, No. 187 / Thursday, September 26, 2024 / Notices 

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

2 17 CFR 240.19b–4. 

3The term ‘‘Priority Customer’’ means a person 

or entity that (i) is not a broker or dealer in 

securities, and (ii) does not place more than 390 

orders in listed options per day on average during 

a calendar month for its own beneficial accounts(s). 

The number of orders shall be counted in 

accordance with Interpretation and Policy .01 of 

Exchange Rule 100. See the Definitions section of 

the Fee Schedule and Exchange Rule 100, including 

Interpretation and Policy .01. 

4All references in this filing to ‘‘MIAX Pearl’’ are 

to the options trading facility of MIAX PEARL, LLC. 

Any references to the equities trading facility of 

MIAX PEARL, LLC would be to ‘‘MIAX Pearl 

Equities.’’ See Exchange Rule 1901. 

5The term ‘‘Market Maker’’ means a Member 

registered with the Exchange for the purpose of 

making markets in options contracts traded on the 

Exchange and that is vested with the rights and 

responsibilities specified in Chapter VI of Exchange 

Rules. See the Definitions section of the Fee 

Schedule and Exchange Rule 100. 

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

organization that is registered with the Exchange 

pursuant to Chapter II of Exchange Rules for 

purposes of trading on the Exchange as an 

‘‘Electronic Exchange Member’’ or ‘‘Market Maker.’’ 

Members are deemed ‘‘members’’ under the 

Exchange Act. See the Definitions section of the Fee 

Schedule and Exchange Rule 100. 

7The term ‘‘Excluded Contracts’’ means any 

contracts routed to an away market for execution. 

See the Definitions section of the Fee Schedule. 

8The term ‘‘TCV’’ means total consolidated 

volume calculated as the total national volume in 

those classes listed on MIAX Pearl for the month 

for which the fees apply, excluding consolidated 

volume executed during the period time in which 

the Exchange experiences an ‘‘Exchange System 

Disruption’’ (solely in the option classes of the 

affected Matching Engine (as defined below)). See 

the Definitions section of the Fee Schedule. The 

term ‘‘Exchange System Disruption’’ means an 

outage of a Matching Engine or collective Matching 

Engines for a period of two consecutive hours or 

more, during trading hours. Id. A ‘‘Matching 

Engine’’ is a part of the MIAX Pearl electronic 

system that processes options orders and trades on 

a symbol-by-symbol basis. Some Matching Engines 

will process option classes with multiple root 

symbols, and other Matching Engines may be 

dedicated to one single option root symbol (for 

example, options on SPY may be processed by one 

single Matching Engine that is dedicated only to 

SPY). A particular root symbol may only be 

assigned to a single designated Matching Engine. A 

particular root symbol may not be assigned to 

multiple Matching Engines. Id. The Exchange 

believes that it is reasonable and appropriate to 

select two consecutive hours as the amount of time 

necessary to constitute an Exchange System 

Disruption, as two hours equates to approximately 

1.4% of available trading time per month. The 

Exchange notes that the term ‘‘Exchange System 

Disruption’’ and its meaning have no applicability 

outside of the Fee Schedule, as it is used solely for 

purposes of calculating volume for the threshold 

tiers in the Fee Schedule. 

9The term ‘‘Affiliate’’ means (i) an affiliate of a 

Member of at least 75% common ownership 

between the firms as reflected on each firm’s Form 

BD, Schedule A, or (ii) the Appointed Market Maker 

of an Appointed EEM (or, conversely, the 

Appointed EEM of an Appointed Market Maker). 

An ‘‘Appointed Market Maker’’ is a MIAX Pearl 

Market Maker (who does not otherwise have a 

corporate affiliation based upon common 

ownership with an EEM) that has been appointed 

by an EEM and an ‘‘Appointed EEM’’ is an EEM 

(who does not otherwise have a corporate affiliation 

based upon common ownership with a MIAX Pearl 

Market Maker) that has been appointed by a MIAX 

Pearl Market Maker, pursuant to the following 

process. A MIAX Pearl Market Maker appoints an 

EEM and an EEM appoints a MIAX Pearl Market 

Maker, for the purposes of the Fee Schedule, by 

each completing and sending an executed Volume 

Aggregation Request Form by email to 

membership@miaxoptions.com no later than 2 

business days prior to the first business day of the 

month in which the designation is to become 

effective. Transmittal of a validly completed and 

executed form to the Exchange along with the 

Exchange’s acknowledgement of the effective 

designation to each of the Market Maker and EEM 

will be viewed as acceptance of the appointment. 

The Exchange will only recognize one designation 

per Member. A Member may make a designation 

not more than once every 12 months (from the date 

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 23, 2024. 

Vanessa A. Countryman, 

Secretary. 

[FR Doc. 2024–22047 Filed 9–25–24; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–101122; File No. SR– 

PEARL–2024–44] 

Self-Regulatory Organizations; MIAX 

PEARL, LLC; Notice of Filing and 

Immediate Effectiveness of a Proposed 

Rule Change To Amend the MIAX Pearl 

Options Fee Schedule 

September 20, 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 11, 2024, MIAX PEARL, LLC 

(‘‘MIAX Pearl’’ or ‘‘Exchange’’) filed 

with the Securities and Exchange 

Commission (‘‘Commission’’) the 

proposed rule change as described in 

Items I, II, and III 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 

amend the MIAX Pearl Options Fee 

Schedule (‘‘Fee Schedule’’). 

The text of the proposed rule change 

is available on the Exchange’s website at 

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

us-options/pearl-options/rule-filings at 

MIAX Pearl’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 amend 

Section (1)(a) of the Fee Schedule, 

Exchange Rebates/Fees—Add/Remove 

Tiered Rebates/Fees, to: (1) amend the 

Priority Customer 3 origin table to 

increase certain Maker rebates in Penny 

Classes (defined below); (2) establish a 

new ‘‘Step-Up Maker Rebate’’ (described 

below) for the MIAX Pearl 4 Market 

Maker 5 origin in Non-Penny Classes; 

and (3) remove certain alternative 

volume criteria and corresponding 

footnotes applicable to executions of 

orders for the Market Maker origin and 

non-Priority Customer, firm, brokerdealer (‘‘BD’’), and non-MIAX Pearl 

Market Maker origin (collectively 

referred to herein as ‘‘Professional 

Members’’). The Exchange initially filed 

this proposal on August 30, 2024 (SR– 

PEARL–2024–39). On September 11, 

2024, the Exchange withdrew SR– 

PEARL–2024–39 and refiled this 

proposal. 

Background 

The Exchange currently assesses 

transaction rebates and fees to all 

market participants which are based 

upon the total monthly volume 

executed by the Member 6 on MIAX 

Pearl in the relevant, respective origin 

type (not including Excluded 

Contracts) 7 (as the numerator) 

expressed as a percentage of (divided 

by) TCV 8 (as the denominator). In 

addition, the per contract transaction 

rebates and fees are applied 

retroactively to all eligible volume for 

that origin type once the respective 

threshold tier has been reached by the 

Member. The Exchange aggregates the 

volume of Members and their 

Affiliates.9 Members that place resting 


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