Federal Register / Vol. 87, No. 13 / Thursday, January 20, 2022 / Notices 3137 

12See supra note 4. 

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

2 17 CFR 240.19b–4. 

3See Securities Exchange Act Release No. 93676 

(November 29, 2021), 86 FR 68695. 

4 15 U.S.C. 78s(b)(2). 

and records that the broker-dealer has a 

net long position or net flat position on 

the settlement day for which the brokerdealer is claiming pre-fail credit is 

1,886,646 times per year (3,551 

registered broker-dealers checking for 

compliance once per day on 2.1 equity 

securities, multiplied by 253 trading 

days in 2020). The total approximate 

estimated annual burden hours per year 

will be 301,864 burden hours (1,886,646 

multiplied by 0.16 hours/ 

demonstration 12). 

The total aggregate annual burden for 

the collection of information undertaken 

pursuant to all five provisions is thus 

1,357,997 hours per year (301,864 + 

149,088 + 303,317 + 301,864 + 301,864). 

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. 

The public may view background 

documentation for this information 

collection at the following website: 

www.reginfo.gov. Find this particular 

information collection by selecting 

‘‘Currently under 30-day Review—Open 

for Public Comments’’ or by using the 

search function. Written comments and 

recommendations for the proposed 

information collection should be sent 

within 30 days of publication of this 

notice to (i) MBX.OMB.OIRA.SEC_desk_

officer@OMB.EOP.GOV and (ii) David 

Bottom, Director/Chief Information 

Officer, Securities and Exchange 

Commission, c/o John Pezzullo, 100 F 

Street NE, Washington, DC 20549, or by 

sending an email to: PRA_Mailbox@

sec.gov. 

Dated: January 14, 2022. 

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2022–01057 Filed 1–19–22; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Investment Company Act Release No. 

34470; 812–15284] 

Oaktree Fund Advisors, LLC and 

Oaktree Strategic Credit Fund 

January 14, 2022. 

AGENCY: Securities and Exchange 

Commission (‘‘Commission’’). 

ACTION: Notice. 

Notice of an application under 

Section 6(c) of the Investment Company 

Act of 1940 (the ‘‘Act’’) for an 

exemption from Sections 18(a)(2), 18(c), 

18(i) and Section 61(a) of the Act. 

SUMMARY OF APPLICATION: Applicants 

request an order to permit certain 

closed-end management investment 

companies that have elected to be 

regulated as business development 

companies (‘‘BDCs’’) to issue multiple 

classes of shares with varying sales 

loads and asset-based service and/or 

distribution fees. 

APPLICANTS: Oaktree Fund Advisors, 

LLC. (‘‘OFA’’), Oaktree Strategic Credit 

Fund (‘‘OSCF’’). 

FILING DATE: The application was filed 

on November 30, 2021. 

HEARING OR NOTIFICATION OF HEARING: 

An order granting the requested relief 

will be issued unless the Commission 

orders a hearing. Interested persons may 

request a hearing on any application by 

emailing the SEC’s Secretary at 

Secretarys-Office@sec.gov and serving 

the relevant applicant with a copy of the 

request by email, if an email address is 

listed for the relevant applicant below, 

or personally or by mail, if a physical 

address is listed for the relevant 

applicant below. 

Hearing requests should be received 

by the Commission by 5:30 p.m. on 

February 8, 2022, and should be 

accompanied by proof of service on 

applicants, in the form of an affidavit or, 

for lawyers, a certificate of service. 

Pursuant to rule 0–5 under the Act, 

hearing requests should state the nature 

of the writer’s interest, any facts bearing 

upon the desirability of a hearing on the 

matter, the reason for the request, and 

the issues contested. Persons who wish 

to be notified of a hearing may request 

notification by emailing the 

Commission’s Secretary. 

ADDRESSES: The Commission: 

Secretarys-Office@sec.gov. Applicants: 

c/o William G. Farrar, by email to 

farrarw@sullcrom.com. 

FOR FURTHER INFORMATION CONTACT: Lisa 

Reid Ragen, Branch Chief, at (202) 551– 

6825 (Division of Investment 

Management, Chief Counsel’s Office). 

SUPPLEMENTARY INFORMATION: For 

Applicants’ representations, legal 

analysis, and condition, please refer to 

Applicants’ application, dated 

November 30, 2021, which may be 

obtained via the Commission’s website 

by searching for the file number, using 

the Company name box, at http://

www.sec.gov/search/search.htm, or by 

calling (202) 551–8090. 

For the Commission, by the Division 

of Investment Management, under 

delegated authority. 

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2022–01053 Filed 1–19–22; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–93972; File No. SR–MIAX– 

2021–58] 

Self-Regulatory Organizations; Miami 

International Securities Exchange, 

LLC; Notice of Designation of a Longer 

Period for Commission Action on a 

Proposed Rule Change To Adopt 

Exchange Rule 532, Order and Quote 

Price Protection Mechanisms and Risk 

Controls 

January 13, 2022. 

On November 16, 2021, Miami 

International Securities Exchange, LLC 

(‘‘MIAX Options’’ or the ‘‘Exchange’’) 

filed with the Securities and Exchange 

Commission (the ‘‘Commission’’), 

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

Securities Exchange Act of 1934 

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

proposed rule change to adopt a new 

Managed Protection Override feature, a 

new Max Put Price Protection feature, 

and a new MIAX Strategy Price 

Protection, which will be included in 

new Exchange Rule 532, ‘‘Order and 

Quote Price Protection Mechanisms and 

Risk Controls.’’ The proposed rule 

change was published for comment in 

the Federal Register on December 3, 

2021.3 The Commission has received no 

comment letters regarding the proposed 

rule change. 

Section 19(b)(2) of the Act 4 provides 

that, within 45 days of the publication 

of notice of the filing of a proposed rule 

change, or within such longer period up 

to 90 days as the Commission may 

designate if it finds such longer period 

to be appropriate and publishes its 

reasons for so finding or as to which the 

self-regulatory organization consents, 

the Commission shall either approve the 

proposed rule change, disapprove the 

proposed rule change, or institute 

proceedings to determine whether the 

proposed rule change should be 

disapproved. The 45th day after 

publication of the notice for the 

proposed rule change is January 17, 

2022. 

The Commission is extending the 45- 

day period for Commission action on 

the proposed rule change. The 

Commission finds that it is appropriate 

to designate a longer period within 

which to take action on the proposed 

rule change so that it has sufficient time 

to consider and act on the proposed rule 

change. Accordingly, pursuant to 


lotter on DSK11XQN23PROD with NOTICES1
3138 Federal Register / Vol. 87, No. 13 / Thursday, January 20, 2022 / Notices 

5 Id. 

6 17 CFR 200.30–3(a)(31). 

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

2 17 CFR 240.19b–4. 

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

4 17 CFR 240.19b–4(f)(2). 

5See Securities Exchange Act Release No. 90176 

(October 14, 2020), 85 FR 66592 (October 20, 2020) 

(SR–FINRA–2020–032) (Notice of Filing and 

Immediate Effectiveness of a Proposed Rule Change 

To Adjust FINRA Fees To Provide Sustainable 

Funding for FINRA’s Regulatory Mission). See also 

SR–FINRA–2021–034. 

6The Exchange notes that this proposed 

implementation date coincides with the date FINRA 

proposes to implement the MQP Fee, as eligible 

individuals can begin making their election to 

participate in the MQP on January 31, 2022. The 

annual MQP fee is set forth in proposed Section 

4(f)(2) of Schedule A to the FINRA By-Laws. See 

SR–FINRA–2021–034. See also FINRA Rule 1240(c) 

(Continuing Education Program for Persons 

Maintaining Their Qualification Following the 

Termination of a Registration Category). 

7The Exchange notes that this proposed 

implementation date coincides with the date FINRA 

has designated the proposed annual Regulatory 

Element fee to go into effect. FINRA has designated 

January 1, 2023 as the effective date of the 

transition to the annual Regulatory Element 

requirement. See SR–FINRA–2021–034. The 

Regulatory Element Fee is set forth in Section 4(f)(1) 

of Schedule A to the FINRA By-Laws. See SR– 

FINRA–2021–034. See also See also FINRA Rule 

1240(a) (Regulatory Element). 

8FINRA operates Web CRD, the central licensing 

and registration system for the U.S. securities 

industry. FINRA uses Web CRD to maintain the 

qualification, employment and disciplinary 

histories of registered associated persons of brokerdealer. 

9FINRA noted in its rule change that it was 

adjusting its fees to provide sustainable funding for 

FINRA’s regulatory mission. See Securities 

Exchange Act Release No. 90176 (October 14, 2020), 

85 FR 66592 (October 20, 2020) (SR–FINRA–2020– 

032). 

Section 19(b)(2) of the Act,5 the 

Commission designates March 3, 2022, 

as the date by which the Commission 

shall either approve, disapprove, or 

institute proceedings to determine 

whether to disapprove the proposed 

rule change (File No. SR–MIAX–2021– 

58). 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.6

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2022–00978 Filed 1–19–22; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–93982; File No. SR–BOX– 

2022–03] 

Self-Regulatory Organizations; BOX 

Exchange LLC; Notice of Filing and 

Immediate Effectiveness of a Proposed 

Rule Change To Amend the Fee 

Schedule on the BOX Options Market 

LLC (‘‘BOX’’) Facility 

January 14, 2022. 

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

Securities Exchange Act of 1934 (the 

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

notice is hereby given that on January 

12, 2022, BOX Exchange LLC (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 Exchange. The 

Exchange filed the proposed rule change 

pursuant to Section 19(b)(3)(A)(ii) of the 

Act,3 and Rule 19b–4(f)(2) thereunder,4

which renders the proposal effective 

upon filing with 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 the Substance 

of the Proposed Rule Change 

The Exchange is filing with the 

Securities and Exchange Commission 

(‘‘Commission’’) a proposed rule change 

to amend the BOX Options Fee 

Schedule at Section VI, Regulatory Fees 

to reflect adjustments to sub-section B. 

FINRA Fees and sub-section C. 

Registration and Continuing Education 

Fees.5

While changes to the fee schedule 

pursuant to this proposal will be 

effective upon filing, the Exchange has 

designated that the proposed annual 

Maintaining Qualifications Program 

(‘‘MQP’’) fee will be implemented on 

January 31, 2022 6 and the proposed 

revised fee for the Regulatory Element 

will be implemented on January 1, 

2023.7

The text of the proposed changes is 

attached [sic] as Exhibit 5. 

The text of the proposed rule change 

is available from the principal office of 

the Exchange, at the Commission’s 

Public Reference Room and also on the 

Exchange’s internet website at http://

boxexchange.com. 

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 the 

Fee Schedule for trading on the BOX 

Options Market at Section VI.B. (FINRA 

Fees) and Section VI.C. (Registration 

and Continuing Education) to make 

clarifying changes to the section and 

reflect adjustments to FINRA 

Registration Fees.8 The FINRA fees are 

collected and retained by FINRA via 

Web CRD for the registration of 

employees of BOX Participants that are 

not FINRA members (‘‘Non-FINRA 

members’’). The Exchange is merely 

listing these fees on its Pricing 

Schedule. The Exchange does not 

collect or retain these fees. Today, 

Sections VI.B. and VI.C., of the BOX 

Options Fee Schedule, provide a list of 

FINRA Web CRD Fees, Fingerprint 

Processing Fees, and Continuing 

Education Fees. The Exchange proposes 

to amend the introductory paragraph of 

Section VI.B. to add a sentence to make 

it clear that FINRA collects the fees 

listed within this section. The Exchange 

also proposes to add the heading, 

General Registration Fees, before the list 

of fees collected by FINRA. The fees 

listed within Section VI.B., reflect fees 

set by FINRA. Specifically, with respect 

to the General Registration Fees, the 

Exchange proposes to increase the $100 

fee to $125 for each initial Form U4 

filed for the registration of a 

representative or principal. This 

amendment is made in accordance with 

a recent FINRA rule change to adjust to 

its fees.9 The Exchange is proposing 

additional technical and conforming 

amendments to the Fee Schedule, 

including updating the footnote 

numbering in Section VII, Billing, and 

Section VIII, Participant Fees. 

The proposed rule change also makes 

non-substantive clarifying changes to 

certain provisions of the Fee Schedule 

at Section VI, Regulatory Fees, VI.B. 

(FINRA Fees) and VI.C. (Registration 

and Continuing Education). The 

Exchange proposes to add clarifying 

language to Section VI.B. Specifically, 

the Exchange is proposing to add 


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