Federal Register / Vol. 89, No. 212 / Friday, November 1, 2024 / Notices 87449 

10 17 CFR 200.30–3(a)(57). 

1 12 U.S.C. 5465(e)(1). 

2 17 CFR 240.19b–4(n)(1)(i). 

3See Securities Exchange Act Release No. 99149 

(Dec. 13, 2023), 89 FR 2714 (Jan. 16, 2024) (S7–23– 

22) (‘‘Adopting Release,’’ and the rules adopted 

therein as ‘‘Treasury Clearing Rules’’). See also 17 

CFR 240.15c3–3a. 

4Securities Exchange Act Release No. 99845 

(Mar. 22, 2024), 89 FR 21586 (Mar. 28, 2024) (File 

No. SR–FICC–2024–802) (‘‘Notice of Filing’’). On 

March 14, 2024, FICC filed the Advance Notice as 

a proposed rule change with the Commission 

pursuant to Section 19(b)(1) of the Exchange Act, 

15 U.S.C. 78s(b)(1), and Rule 19b–4 thereunder, 17 

CFR 240.19b–4. Securities Exchange Act Release 

No. 99844 (March 22, 2024), 89 FR 21603 (Mar. 28, 

2024) (File No. SR–FICC–2024–007) (‘‘Proposed 

Rule Change’’). On April 24, 2024, the Commission 

designated a longer period within which to 

approve, disapprove, or institute proceedings to 

determine whether to approve or disapprove the 

proposed rule change, pursuant to section 19(b)(2) 

of the Exchange Act, 15 U.S.C. 78s(b)(2)(ii). 

Securities Exchange Act Release No. 100022 (Apr. 

24, 2024), 89 FR 34289 (Apr. 30, 2024) (File No. 

SR–FICC–2024–007). On June 21, 2024, the 

Commission published in the Federal Register an 

Order Instituting Proceedings to determine whether 

to approve or disapprove the proposed rule change. 

Securities Exchange Act Release No. 100401 (Jun. 

21, 2024), 89 FR 53690 (Jun. 27, 2024) (File No. SR– 

FICC–2024–007). On September 18, 2024, the 

Commission designated a longer period for 

Commission action on the proceedings to determine 

whether to disapprove the proposed rule change, 

until November 10, 2024. Securities Exchange Act 

Release No. 101082 (Sep. 18, 2024), 89 FR 77949 

(Sep. 24, 2024) (File No. SR–FICC–2024–007). 

5Pursuant to Section 806(e)(1)(H) of the Clearing 

Supervision Act, the Commission may extend the 

review period of an advance notice for an 

additional 60 days, if the changes proposed in the 

advance notice raise novel or complex issues, 

subject to the Commission providing the financial 

market utility (‘‘FMU’’) with prompt written notice 

of the extension.12 U.S.C. 5465(e)(1)(H); see supra 

note 4, 89 FR at 21602 (explaining the 

Commission’s rationale for determining that the 

proposed changes in the Advance Notice raise 

novel and complex issues). 

6See 12 U.S.C. 5465(e)(1)(D). A memo regarding 

the Request for Additional Information and the 

tolled period of review is available at https://

www.sec.gov/comments/sr-ficc-2024-802/ 

srficc2024802-462751-1210414.pdf. 

7See 12 U.S.C. 5465(e)(1)(E)(ii) and (G)(ii); A 

memo regarding its receipt of FICC’s response to the 

Request for Additional Information is available at 

https://www.sec.gov/comments/sr-ficc-2024-802/ 

srficc2024802-494123-1433426.pdf. 

8See 12 U.S.C. 5465(e)(1)(D). A memo regarding 

the Request for Additional Information and the 

tolled period of review is available at https://

www.sec.gov/comments/sr-ficc-2024-802/ 

srficc2024802-524215-1504462.pdf. 

9Comments on the Advance Notice are available 

at https://www.sec.gov/comments/sr-ficc-2024-802/ 

srficc2024802.htm. Comments on the Proposed 

Rule Change are available at https://www.sec.gov/ 

comments/sr-ficc-2024-007/srficc2024007.htm. 

Because the proposals contained in the Proposed 

Rule Change and the Advance Notice are the same, 

the Commission considers all comments received 

on the proposal, regardless of whether the 

comments are submitted with respect to the 

Advance Notice or the Proposed Rule Change. The 

comment letters to the Proposed Rule Change and 

Advance Notice also contained comments on the 

substance of another FICC proposed rule change, 

FICC–2024–005. The Commission will only be 

considering comments relevant to this proposal and 

will address the comments on the other proposed 

rule change in a separate order. 

10See Letter from Laura Klimpel, Managing 

Director, Head of Fixed Income and Financing 

Solutions, Depository Trust & Clearing Corporation, 

(Aug. 1, 2024) (‘‘FICC Letter’’). 

11Text of the proposed changes made by the 

Partial Amendment No. 1 to the Advance Notice is 

available at https://www.sec.gov/rules-regulations/ 

self-regulatory-organization-rulemaking. The GSD 

Rules are available at https://www.dtcc.com/∼/ 

media/Files/Downloads/legal/rules/ficc_gov_

rules.pdf. Terms not otherwise defined herein are 

defined in the GSD Rules or in the Advance Notice. 

disapprove the proposed rule change 

(File No. SR–FINRA–2024–007). 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.10

Sherry R. Haywood, 

Assistant Secretary. 

[FR Doc. 2024–25426 Filed 10–31–24; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–101455; File No. SR–FICC– 

2024–802] 

Self-Regulatory Organizations; Fixed 

Income Clearing Corporation; Notice of 

Filing of Partial Amendment No. 1 to 

Advance Notice To Modify the GSD 

Rules (i) Regarding the Separate 

Calculation, Collection and Holding of 

Margin for Proprietary Transactions 

and That for Indirect Participant 

Transactions, and (ii) To Address the 

Conditions of Note H to Rule 15c3–3a 

October 28, 2024. 

On March 14, 2024, Fixed Income 

Clearing Corporation (‘‘FICC’’) filed 

with the Securities and Exchange 

Commission (‘‘Commission’’) advance 

notice SR–FICC–2024–802 pursuant to 

Section 806(e)(1) of Title VIII of the 

Dodd-Frank Wall Street Reform and 

Consumer Protection Act entitled the 

Payment, Clearing, and Settlement 

Supervision Act of 2010 (‘‘Clearing 

Supervision Act’’) 1 and Rule 19b– 

4(n)(1)(i) under the Securities Exchange 

Act of 1934 (‘‘Exchange Act’’).2 In the 

advance notice, FICC proposes to 

modify its Government Securities 

Division (‘‘GSD’’) Rulebook (‘‘GSD 

Rules’’) to calculate, collect, and hold 

margin for proprietary transactions of a 

direct participant separately from 

margin submitted to FICC by a direct 

participant on behalf of indirect 

participants and to address conditions 

of Note H to Rule 15c3–3a under the 

Exchange Act (the ‘‘Advance Notice’’).3

The Advance Notice was published for 

public comment in the Federal Register 

on March 28, 2024.4 Upon publication 

of notice of filing of the Advance Notice, 

the Commission extended the review 

period of the Advance Notice for an 

additional 60 days because the 

Commission determined that the 

Advance Notice raised novel and 

complex issues.5

On April 24, 2024, the Commission 

requested additional information from 

FICC pursuant to Section 806(e)(1)(D) of 

the Clearing Supervision Act, which 

tolled the Commission’s period of 

review of the Advance Notice until 120 

days from the date the information 

requested by the Commission was 

received by the Commission.6 On June 

25, 2024, the Commission received 

FICC’s response to the Commission’s 

request for additional information.7 On 

September 24, 2024, the Commission 

requested additional information from 

FICC pursuant to Section 806(e)(1)(D) of 

the Clearing Supervision Act, which 

tolled the Commission’s period of 

review of the Advance Notice until 120 

days from the date the information 

requested by the Commission was 

received by the Commission.8

The Commission has received 

comments regarding the substance of 

the Advance Notice.9 The Commission 

also received a letter from FICC 

responding to the comments.10

Pursuant to Section 806(e)(1) of the 

Clearing Supervision Act and Rule 19b– 

4(n)(1)(i) under the Exchange Act, 

notice is hereby given that on October 

25, 2024, FICC filed with the 

Commission Partial Amendment No. 1 

as described in Item I below.11 The 

Commission is publishing this notice to 

solicit comments on Partial Amendment 

No. 1 from interested persons. 

I. Summary of the Terms of Substance 

of Partial Amendment No. 1 to the 

Advance Notice 

FICC filed Partial Amendment No. 1 

to its previously submitted Advance 

Notice, which would make several 

changes to FICC’s GSD Rules to (1) 

provide for FICC to calculate, collect, 

and hold margin for the proprietary 

transactions of a Netting Member 

separately and independently from the 

margin for transactions that the Netting 

Member submits to FICC on behalf of 

indirect participants; (2) simplify and 

revise the account types through which 

Members may record transactions at 

FICC and adopt a new Rule 2B to 

provide clearer public disclosures 

through the Rules regarding the GSD 

account structure; (3) allow Netting 

Members to elect for margin for indirect 

participant transactions to be calculated 

on a gross basis (i.e., an indirect 

participant-by-indirect participant basis) 

and legally segregated from the margin 

for the Netting Member’s proprietary 


khammond on DSKJM1Z7X2PROD with NOTICES
87450 Federal Register / Vol. 89, No. 212 / Friday, November 1, 2024 / Notices 

12Notice of Filing supra note 4. 

13 Id. 

14 Id. 

15 15 U.S.C. 80a–1 et seq. 

16Notice of Filing supra note 4. 

17 Id. 

18 Id. 

19 Id. 

transactions (as well as those of other 

indirect participants); (4) align FICC’s 

margin calculation methodology with 

the expanded account types and 

enhance public disclosure through the 

Rules of that calculation methodology; 

and (5) simplify the requirements for 

brokered transactions so that they only 

apply to transactions executed by an 

Inter-Dealer Broker Netting Member on 

the trading platform offered by that 

Inter-Dealer Broker Netting Member. 

Regarding the changes described in 

(3) above, Partial Amendment No. 1 

makes several changes to the 

requirements regarding Segregated 

Customer Margin. First, as originally 

proposed, the Advance Notice requires 

FICC to establish and maintain on its 

books and records a Segregated 

Customer Margin Custody Account 

corresponding to each Segregated 

Indirect Participants Account.12 Partial 

Amendment No. 1 deletes and replaces 

language in Rule 4, Section 1a, requiring 

Segregated Customer Margin credited to 

a Segregated Customer Margin Custody 

Account to be used exclusively to settle 

and margin Transactions in U.S. 

Treasury securities recorded in the 

corresponding Segregated Indirect 

Participants Account, with language 

requiring Segregated Customer Margin 

credited to a Segregated Customer 

Margin Custody Account to secure 

Transactions recorded in the 

corresponding Segregated Indirect 

Participants Account and satisfy 

payment and delivery obligations 

owning to the Corporation (including 

liquidating or otherwise using such 

Segregated Customer Margin to obtain 

relevant cash or securities) in 

connection with a default in respect of 

such Transactions. 

Similarly, Partial Amendment No. 1 

deletes and replaces language in Rule 4, 

Section 5 regarding the use of Clearing 

Fund and Segregated Customer Margin 

requiring FICC to only use the portion 

of Segregated Customer Margin that 

supports each Segregated Indirect 

Participant’s Transactions. The Advance 

Notice stated that FICC could use that 

portion to secure or settle the 

obligations of that Segregated Indirect 

Participant, and of the Sponsoring 

Member or Agent Clearing Member with 

respect to the obligations of that 

Segregated Indirect Participant, whereas 

Partial Amendment No. 1 replaces this 

language to state that FICC may only use 

that portion of Segregated Customer 

Margin to secure the Transactions of 

that Segregated Indirect Participant 

recorded in the corresponding 

Segregated Indirect Participants 

Account and satisfy payment and 

delivery obligations owing to FICC 

(including liquidating or otherwise 

using such Segregated Customer Margin 

to obtain relevant cash or securities) in 

connection with a default in respect of 

such Transactions. Additionally, Partial 

Amendment No 1. clarifies language in 

that portion of Rule 4 regarding FICC’s 

prohibition on using Segregated 

Customer Margin from one Segregated 

Indirect Participant’s Transactions to 

secure or settle another Segregated 

Indirect Participant’s Transaction by 

deleting reference to the term ‘‘settle’’ 

and replacing with satisfying payment 

or delivery obligations in connection 

with another Segregated Indirect 

Participant’s Transaction. 

Second, as originally proposed, the 

Advance Notice requires FICC to hold 

all Segregated Customer Margin in an 

account at a bank within the meaning of 

the Exchange Act that is insured by the 

Federal Deposit Insurance Corporation 

or at the Federal Reserve Bank of New 

York, which account shall be segregated 

from any other account of the 

Corporation and used exclusively to 

hold Segregated Customer Margin.13

Additionally, the Advance Notice 

requires Segregated Customer Margin to 

be subject to a written notice of the bank 

or Federal Reserve Bank provided to 

and retained by the Corporation that the 

Segregated Customer Margin in the 

account is being held by the bank or 

Federal Reserve Bank pursuant to SEC 

Rule 15c3–3 and is being kept separate 

from any other accounts maintained by 

the Corporation or any other person at 

the bank or Federal Reserve Bank.14

Partial Amendment No. 1 revises the 

Advance Notice to insert text that 

clarifies that FICC shall not only hold 

Segregated Customer Margin in an 

account of FICC at a bank within the 

meaning of the Exchange Act that is 

insured by the Federal Deposit 

Insurance Corporation, but shall also 

hold Segregated Customer Margin in an 

account at a bank that is also a qualified 

custodian under the Investment 

Company Act of 1940,15 as amended.16

Additionally, the Advance Notice 

inserts text that clarifies that not only is 

each account holding Segregated 

Customer Margin being held by a bank 

or Federal Reserve Bank pursuant to 

SEC Rule 15c3–3 is being kept separate 

from any other accounts maintained by 

FICC or any other person at the bank or 

Federal Reserve Bank, but also requires 

these accounts to not be commingled 

with any other accounts maintained by 

FICC or any other persona at the bank 

or Federal Reserve Bank. 

Third, as originally proposed, the 

Advance Notice requires any interest 

earned on Segregated Customer Margin 

to be paid by FICC to the Netting 

Member.17 Partial Amendment No. 1 

inserts language to clarify that any 

interest earned on Segregated Customer 

Margin consisting of cash shall be paid 

to the Netting Member for the benefit of, 

and as agent for, its Segregated Indirect 

Participants. 

Fourth, as originally proposed, the 

Advance Notice would apply three 

requirements to each Segregated 

Customer Margin Requirement for a 

particular Segregated Indirect 

Participants Account: (1) A minimum of 

40 percent of the Segregated Customer 

Margin Requirement for such Account 

shall be satisfied with cash and/or 

Eligible Clearing Fund Treasury 

Securities; (2) the lesser of $5,000,000 or 

10 percent of the Segregated Customer 

Margin Requirement for the Account 

must be made and maintained in cash; 

and (3) a minimum of the product of $1 

million and the number of Segregated 

Indirect Participants whose 

Transactions are recorded in such 

Segregated Indirect Participants 

Account must be made and maintained 

in cash.18 Partial Amendment No. 1 

would revise the Advance Notice by 

deleting the second requirement 

regarding the lesser of $5,000,000 or 10 

percent of the Segregated Customer 

Margin Requirement for the Account 

must be made and maintained in cash. 

Fifth, as originally proposed, FICC 

had the discretion to retain some or all 

of the Excess Segregated Customer 

Margin if the Member had an 

outstanding payment or margin 

obligation to FICC with respect to the 

Transactions of any Segregated Indirect 

Participant.19 Partial Amendment No. 1 

would revise the Advance Notice by 

adding text that clarifies the FICC shall 

not retain the Excess Segregated 

Customer Margin with respect to the 

Transactions of a Segregated Indirect 

Participant when they have determined, 

in their sole discretion, that such 

outstanding payment or margin 

obligation is unrelated to the 

Transactions of that Segregated Indirect 

Participant. 

Sixth, Partial Amendment No. 1 

would make the following change to the 

Margin Component Schedule in the 

Advance Notice regarding Segregated 

Customer Margin Requirement 


khammond on DSKJM1Z7X2PROD with NOTICES
Federal Register / Vol. 89, No. 212 / Friday, November 1, 2024 / Notices 87451 

20 Id. 

21Securities Exchange Act Release No. 99817 

(March 21, 2024), 89 FR 21362 (March 27, 2024) 

(File No. SR–FICC–2024–005). 

22Partial Amendment No. 1 would also amend 

the definition of Netting Member Capital to use the 

defined terms Net Assets and Equity Capital. 

Calculations.20 As originally proposed, 

each Segregated Indirect Participant 

would be required to deposit in the 

Segregated Indirect Participants 

Account Required Fund Deposit the 

greater of the (i) the sum of the 

Unadjusted GSD Margin Portfolio 

Amount and all applicable additional 

charges; and (ii) a minimum charge of 

$1 million. Partial Amendment No. 1 

would revise the Advance Notice by 

inserting text to clarify that FICC may, 

in its sole discretion, adjust the 

minimum charge of $1 million in the 

Segregated Indirect Participants 

Account Required Fund Deposit if FICC 

determines that a different minimum 

charge would be appropriate and 

consistent with achieving its backtesting 

coverage target and that Members would 

be notified of any such adjustment by an 

Important Notice. 

Seventh, Partial Amendment No. 1 

would add text to Rule 3A, Section 3, 

as proposed to be amended by SR– 

FICC–2024–005,21 to state that a 

Sponsored Member may be a series of a 

limited liability company, statutory 

trust, or other legal entity. 

Regarding the changes described in 

(4) above, Partial Amendment No. 1 

would add language to clarify how the 

definition of Current Net Settlement 

Position relates to Sponsored GC Trades 

and that the definition does not refer to 

calculating the Net Settlement Position 

under Rule 11. As originally proposed, 

the definition stated that, if a Current 

Net Settlement Position recorded in a 

Sponsoring Member Omnibus Account 

or Segregated Indirect Participants 

Account is not clearly allocable to an 

individual Sponsored Member or 

Segregated Indirect Participant, 

including because one or more 

transactions recorded in the Account 

did not settle on its original Scheduled 

Settlement Date, then, for purposes of 

calculating the relevant Netting 

Member’s Sponsoring Member Omnibus 

Account Required Fund Deposit or 

Segregated Customer Margin 

Requirement for such Account, FICC 

shall allocate the positions in the 

manner specified. In Partial 

Amendment No. 1, the definition states 

if a Current Net Settlement Position 

recorded in a Sponsoring Member 

Omnibus Account or Segregated 

Indirect Participants Account is not 

clearly allocable to an individual 

Sponsored Member or Segregated 

Indirect Participant, including because 

one or more transactions (other than 

Sponsored GC Trades) recorded in the 

Account did not settle on its original 

Scheduled Settlement Date (such failure 

to settle would not occur with respect 

to Sponsored GC Trades), then, for 

purposes of calculating the relevant 

Netting Member’s Sponsoring Member 

Omnibus Account Required Fund 

Deposit or Segregated Customer Margin 

Requirement for such Account and not 

for purposes of calculating the Net 

Settlement Position under Rule 11, FICC 

shall allocate the positions in the 

manner specified.22

Regarding the changes described in 

(5) above, Partial Amendment No. 1 

makes several changes to the Advance 

Notice and existing rules regarding the 

use of the term Brokered Transactions, 

including changes to its definition. 

Specifically, Partial Amendment No. 1 

would delete and add text to the 

definition of Brokered Transaction to 

clarify that a Brokered Transaction 

means the side of a transaction, 

including a Repo Transaction, that is 

submitted to the Corporation for 

Novation by an Inter-Dealer Broker 

Netting Member calling for the delivery 

of an Eligible Netting Security, or the 

posting of cash or an Eligible Netting 

Security as collateral, that such InterDealer Broker Netting Member enters 

into with another Netting Member or a 

Sponsored Member or Executing Firm 

Customer through the Inter-Dealer 

Broker Netting Member’s own trading 

platform. As initially proposed, the 

definition of Brokered Transaction 

referred only to any transaction, 

including a Repo Transaction, calling 

for the delivery of an Eligible Netting 

Security, or the posting of cash or an 

Eligible Netting Security as collateral. 

Partial Amendment No. 1 also revises 

text proposed in SR–FICC–2024–005 

regarding the treatment of Agent 

Clearing Transactions and deletes 

reference to the term Brokered 

Transactions, such that Brokered 

Transactions would not be excluded 

from being an Agent Clearing 

Transaction. 

Additionally, Partial Amendment No. 

1 makes the following changes to delete 

references to the term Brokered 

Transactions: (i) amends text from the 

Advance Notice regarding Rule 1, to 

remove the term Brokered Transactions 

from the definition of Dealer Account; 

(ii) revises Rule 4, Section 7 regarding 

loss allocation for Inter-Dealer Broker 

Netting Members, to replace a reference 

to a Segregated Repo Account, with a 

reference to a Broker Account, and to 

remove a reference to a Non-IDB Repo 

Broker, as the Advance Notice deletes 

the use of that term from the Rules; and 

(iii) amends existing Rule 3A Section 5 

regarding Sponsored Member Trades 

and deletes reference to the term 

Brokered Transactions, such that the 

text now states that Sponsored Member 

Trades (other than Sponsored GC 

Trades) may be any type of transaction 

eligible for submission to FICC for 

netting with the exception of Netting 

Eligible Auction Purchases and GCF 

Repo Transactions. 

Finally, Partial Amendment No. 1 

makes several technical and conforming 

changes throughout the Advance Notice, 

such as renumbering section numbers to 

reflect the addition of new sections. 

Partial Amendment No. 1 would not 

change the purpose of, or statutory basis 

for the Advance Notice. All other 

representations in the Advance Notice 

remain as stated therein and no other 

changes are being made. 

II. Solicitation of Comments 

Interested persons are invited to 

submit written data, views and 

arguments concerning the foregoing, 

including whether the Advance Notice 

is consistent with the Clearing 

Supervision 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-regulations/self-regulatoryorganization-rulemaking); or 

• Send an email to rule-comments@

sec.gov. Please include file number SR– 

FICC–2024–802 on the subject line. 

Paper Comments 

• Send paper comments in triplicate 

to Secretary, Securities and Exchange 

Commission, 100 F Street NE, 

Washington, DC 20549. 

All submissions should refer to File 

Number SR–FICC–2024–802. 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-regulations/self-regulatoryorganization-rulemaking). Copies of the 

submission, all subsequent 

amendments, all written statements 

with respect to the advance notice that 

are filed with the Commission, and all 

written communications relating to the 

advance notice between the 

Commission and any person, other than 

those that may be withheld from the 


khammond on DSKJM1Z7X2PROD with NOTICES
87452 Federal Register / Vol. 89, No. 212 / Friday, November 1, 2024 / Notices 

23 17 CFR 200.30–3(a)(31). 

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 

10:00 a.m. and 3:00 p.m. Copies of such 

filing also will be available for 

inspection and copying at the principal 

office of FICC and on DTCC’s website at 

(https://dtcc.com/legal/sec-rulefilings.aspx). 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–FICC–2024–802 and should 

be submitted on or before November 18, 

2024. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.23

Sherry R. Haywood, 

Assistant Secretary. 

[FR Doc. 2024–25430 Filed 10–31–24; 8:45 am] 

BILLING CODE 8011–01–P 

SMALL BUSINESS ADMINISTRATION 

SBA Investment Capital Advisory 

Committee Meeting 

AGENCY: U.S. Small Business 

Administration. 

ACTION: Notice of Federal advisory 

committee meeting: SBA Investment 

Capital Advisory Committee. 

SUMMARY: The U.S. Small Business 

Administration (SBA) will hold an 

Investment Capital Advisory Committee 

(ICAC) meeting on Wednesday, 

November 13, 2024. Members will 

convene as an independent source of 

advice and recommendation to SBA on 

matters relating to institutional 

investment market trends, innovation, 

and policy impacting small businesses 

and their ability to access patient 

capital. The meeting will be held 

virtually for members and the public. 

DATES: Wednesday, November 13, 2024, 

from 10:30 a.m. to 1:30 p.m. eastern 

time (ET). 

ADDRESSES: The Investment Capital 

Advisory Committee Meeting will be 

held virtually on Zoom for Government. 

Register at https://bit.ly/ICAC-Nov2024 

FOR FURTHER INFORMATION CONTACT: 

Brittany Sickler, Designated Federal 

Officer, Office of Investment and 

Innovation, SBA, 409 3rd Street SW, 

Washington, DC 20416, (202) 369–8862 

or ICAC@sba.gov. The meeting will be 

broadcast to the public, and anyone 

wishing to submit questions to the SBA 

Investment Capital Advisory Committee 

can do so by submitting them via email 

to ICAC@sba.gov. Individuals who 

require an alternative aid or service to 

communicate effectively with SBA 

should email the point of contact listed 

above and provide a brief description of 

their preferred method of 

communication. 

SUPPLEMENTARY INFORMATION: Pursuant 

to section 10(a)(2) of the Federal 

Advisory Committee Act (5 U.S.C. 

appendix 2), SBA announces a meeting 

of the SBA Investment Capital Advisory 

Committee (the ‘‘ICAC’’). The ICAC is 

tasked with providing advice, insights, 

and recommendations to SBA on 

matters broadly related to facilitating 

greater access and availability of patient 

investment capital for small business; 

promoting greater awareness of SBA 

Investment and Innovation division 

programs and services; cultivating 

greater public-private engagement, 

cooperation, and collaboration; 

developing and/or evolving SBA 

programs and services to address longterm capital access gaps faced by small 

businesses and the investment managers 

that seek to support them. The final 

agenda for the meeting will be posted on 

the registration page at https://bit.ly/ 

ICAC-Nov2024 or the ICAC website at 

https://www.sba.gov/icac prior to the 

meeting. Copies of the meeting minutes 

will be available by request within 90 

days of the meeting date. 

Public Comment 

Any member of the public may 

submit pertinent questions and 

comments concerning ICAC affairs at 

any time before or after the meeting and 

participate in the livestreamed meeting 

of the SBA Investment Capital Advisory 

Committee on Wednesday, November 

13, 2024. Comments may be submitted 

to Brittany Sickler at ICAC@sba.gov. 

Those wishing to participate live are 

encouraged to register by or before 

Monday, November 11, 2024, using the 

registration link provided above. 

Advance registration is strongly 

encouraged. 

Dated: October 29, 2024. 

Andrienne Johnson, 

Committee Management Officer. 

[FR Doc. 2024–25489 Filed 10–31–24; 8:45 am] 

BILLING CODE 8026–09–P 

SMALL BUSINESS ADMINISTRATION 

Reporting and Recordkeeping 

Requirements Under OMB Review 

AGENCY: Small Business Administration. 

ACTION: 30-Day notice. 

SUMMARY: The Small Business 

Administration (SBA) is seeking 

approval from the Office of Management 

and Budget (OMB) for a new 

information collection described below. 

In accordance with the Paperwork 

Reduction Act and OMB procedures, 

SBA is publishing this notice to allow 

all interested member of the public an 

additional 30 days to provide comments 

on the proposed collection of 

information. 

DATES: Submit comments on or before 

December 2, 2024. 

ADDRESSES: Written comments and 

recommendations for this information 

collection request should be sent within 

30 days of publication of this notice to 

www.reginfo.gov/public/do/PRAMain. 

Find this particular information 

collection request by selecting ‘‘Small 

Business Administration’’; ‘‘Currently 

Under Review,’’ then select the ‘‘Only 

Show ICR for Public Comment’’ 

checkbox. This information collection 

can be identified by title and/or OMB 

Control Number. 

FOR FURTHER INFORMATION CONTACT: You 

may obtain a copy of the information 

collection and supporting documents 

from the Agency Clearance Office at 

Curtis Rich, Curtis.Rich@sba.gov, (202) 

205–7030, or from www.reginfo.gov/ 

public/do/PRAMain. 

SUPPLEMENTARY INFORMATION: SBA is 

required by statute to administer the 

8(a) Business Development (15 U.S.C. 

637(a); 13 CFR 124); Historically 

Underutilized Business Zone 

(HUBZone) (15 U.S.C. 657a; 13 CFR 

126); Veteran-Owned/Service-Disabled 

Veteran-Owned (VOSB/SDVOSB) (15 

U.S.C. 657f and 657f–1; 13 CFR 128); 

and Women-Owned/Economically 

Disadvantaged Women-Owned (WOSB/ 

EDWOSB) (15 U.S.C. 636(m); 13 CFR 

127) certification programs. The Small 

Business Act requires small businesses 

submit 8(a), HUBZone, VOSB/SDVOSB, 

and WOSB/EDWOSB certification 

renewals and annual reviews. SBA’s 

regulations require the submissions for 

certification renewal/annual review to 

be submitted electronically. All of the 

collections are overseen by Government 

Contracting and Business Development 

staff. The HUBZone and 8(a) programs 

require certification renewal of their 

eligibility annually, while WOSB/ 

EDWOSB and VOSB/SDVOSB require 


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