Federal Register / Vol. 89, No. 195 / Tuesday, October 8, 2024 / Notices 81613 

1See, e.g., https://www.incorp.com/registeredagent-services/ (as of September 13, 2024, $129 per 

state per year), https://www.wolterskluwer.com/en/ 

solutions/ct-corporation/registered-agent-servicessolutions (as of September 13, 2024, $354 per year), 

and https://www.ailcorp.com/services/registeredagent (as of September 13, 2024, $149 per year). The 

staff sought websites that provided pricing 

information and a comprehensive description of 

their registered agent services. We calculated our 

estimate by averaging the costs provided on these 

three websites—($129 + $354 + $149) ÷ 3 = $211. 

The information collected pursuant to 

Rule 15Fb3–2 and Form SBSE–W allows 

the Commission to determine whether it 

is appropriate to allow an SBS Entity to 

withdraw from registration and to 

facilitate that withdrawal. Without this 

information, the Commission would be 

unable to effectively determine whether 

it was appropriate to allow an SBS 

Entity to withdraw. In addition, it 

would be more difficult for the 

Commission to properly regulate SBS 

Entities if it were unable to quickly 

identify those that have withdrawn from 

the security-based swap business. 

As of September 30, 2024, 53 entities 

have registered with the Commission as 

SBS Entities. The Commission estimates 

that an additional five entities will 

register as SBS Entities. The 

Commission estimates that these SBS 

Entities likely would incur a total 

burden of 10,660 burden hours per year 

to comply with Rules 15Fb1–1 through 

15Fb6–2 and Forms SBSE, SBSE–A, 

SBSE–BD, SBSE–C and SBSE–W. 

In addition, Rules 15Fb1–1 through 

15Fb6–2 and Forms SBSE, SBSE–A, 

SBSE–BD, SBSE–C and SBSE–W may 

impose certain costs on non-resident 

persons that apply to be registered with 

the Commission as SBS Entities, 

including initial and ongoing costs 

associated with obtaining an opinion of 

counsel indicating that it can, as a 

matter of law, provide the Commission 

with access to its books and records and 

submit to Commission examinations, 

and an ongoing cost associated with 

establishing and maintaining a 

relationship with a U.S. agent for 

service of process. 

The staff estimates, based on internet 

research,1 that it would cost each 

nonresident SBS Entity approximately 

$211 annually to appoint and maintain 

a relationship with a U.S. agent for 

service of process. Consequently, the 

total cost for all nonresident SBS 

Entities to appoint and maintain 

relationships with U.S. agents for 

service of process is approximately 

$5,697 per year. 

Nonresident SBS Entities also would 

incur outside legal costs associated with 

obtaining an opinion of counsel. The 

staff estimates that each of the estimated 

27 non-resident persons that likely will 

apply to register as SBS Entities with 

the Commission would incur, on 

average, approximately $25,000 in 

outside legal costs to obtain the opinion 

of counsel necessary to register, and that 

the total annualized cost for 

Nonresident SBS Entities to obtain this 

opinion of counsel would be 

approximately $225,000. Nonresident 

SBS Entities would also need to obtain 

a revised opinion of counsel after any 

changes in the legal or regulatory 

framework that would impact the SBS 

Entity’s ability to provide, or manner in 

which it provides, the Commission with 

prompt access to its books and records 

or that impacts the Commission’s ability 

to inspect and examine the SBS Entity. 

We do not believe this would occur 

frequently, and therefore estimate that 

one non-resident entity may need to 

recertify annually. Thus, the total 

ongoing cost associated with obtaining a 

revised opinion of counsel regarding the 

new regulatory regime would be 

approximately $25,000 annually. 

Consequently, the total annualized cost 

burden associated with Rules 15Fb1–1 

through 15Fb6–2 and Forms SBSE, 

SBSE–A, SBSE–BD, SBSE–C and SBSE– 

W would be approximately $255,697 

per year. 

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 proposed 

collection of information; (c) ways to 

enhance the quality, utility, and clarity 

of the information to be 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 

December 9, 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: October 3, 2024. 

Vanessa A. Countryman, 

Secretary. 

[FR Doc. 2024–23235 Filed 10–7–24; 8:45 am] 

BILLING CODE 8011–01–P 

SMALL BUSINESS ADMINISTRATION 

[Disaster Declaration #20699 and #20700; 

FLORIDA Disaster Number FL–20012] 

Presidential Declaration Amendment of 

a Major Disaster for the State of Florida 

AGENCY: U.S. Small Business 

Administration. 

ACTION: Amendment 1. 

SUMMARY: This is an amendment of the 

Presidential declaration of a major 

disaster for the State of Florida (FEMA– 

4828–DR), dated 09/28/2024. 

Incident: Hurricane Helene. 

Incident Period: 09/23/2024 and 

continuing. 

DATES: Issued on 10/01/2024. 

Physical Loan Application Deadline 

Date: 11/27/2024. 

Economic Injury (EIDL) Loan 

Application Deadline Date: 06/30/2025. 

ADDRESSES: Visit the MySBA Loan 

Portal at https://lending.sba.gov to 

apply for a disaster assistance loan. 

FOR FURTHER INFORMATION CONTACT: 

Alan Escobar, Office of Disaster 

Recovery & Resilience, U.S. Small 

Business Administration, 409 3rd Street 

SW, Suite 6050, Washington, DC 20416, 

(202) 205–6734. 

SUPPLEMENTARY INFORMATION: The notice 

of the President’s major disaster 

declaration for the State of Florida, 

dated 09/28/2024, is hereby amended to 

include the following areas as adversely 

affected by the disaster: 

Primary Counties (Physical Damage and 

Economic Injury Loans): Columbia, 

Gilchrist, Hamilton, Leon, 

Suwannee. 

Contiguous Counties (Economic Injury 

Loans Only): 

Florida: Baker, Bradford, Gadsden, 

Union. 

Georgia: Clinch, Echols, Grady. 

All other information in the original 

declaration remains unchanged. 

(Catalog of Federal Domestic Assistance 

Number 59008) 

Rafaela Monchek, 

Deputy Associate Administrator, Office of 

Disaster Recovery & Resilience, 

[FR Doc. 2024–23206 Filed 10–7–24; 8:45 am] 

BILLING CODE 8026–09–P 


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