Federal Register / Vol. 87, No. 12 / Wednesday, January 19, 2022 / Notices 2977 

10See Notice, 86 FR at 67997. 

11See id. 

12See FINRA Rule 6730.07 (defining ‘‘covered 

ATS’’ as an ATS ‘‘that executed transactions in U.S. 

Treasury Securities against non-FINRA member 

subscribers of $10 billion or more in monthly par 

value, computed by aggregating buy and sell 

transactions, for any two months in the preceding 

calendar quarter’’). 

13See Notice, 86 FR at 67998, n. 12. 

14See Notice, 86 FR at 67998. 

15 In approving this proposal, the Commission has 

considered the proposed rule’s impact on 

efficiency, competition, and capital formation. See 

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

16 15 U.S.C. 78o–3(b)(6). 

17See FINRA Rule 6732(a)(5). 

18See FINRA Rule 6732(b). 

19See FINRA Rule 6732(a)(3). 

20See FINRA Rule 6732(a)(2). 

21 15 U.S.C. 78s(b)(2). 

22 17 CFR 200.30–3(a)(12). 

replace it with the following: ‘‘The trade 

involves at least one member (other than 

the ATS) that meets the definition of 

‘Party to a Transaction.’ ’’ 

FINRA has stated that, in many cases, 

transactions on an ATS that involve 

only one member are otherwise similar 

to the transactions between two 

members that are currently eligible for 

exemptive relief under existing Rule 

6732.10 FINRA believes that expanding 

the scope of the current exemption to 

permit its use for transactions between 

a member (other than the ATS) and a 

non-member subscriber would extend 

the benefits of the rule—including 

simplifying compliance with TRACE 

trade reporting obligations—for 

additional ATS models and member 

subscribers, while capturing 

substantially the same regulatory 

information and enabling public 

dissemination of the transaction in a 

more streamlined manner.11

FINRA also has proposed to add new 

paragraph (c) to Rule 6732, which 

provides that, with respect to a 

transaction between a member and a 

non-member on an ATS that is a 

‘‘covered ATS,’’ 12 the ATS must 

provide to the member subscriber, and 

the member subscriber must report to 

TRACE using, the FINRA-assigned 

identifier for each non-FINRA member 

subscriber. FINRA also has stated that 

an ATS that has received an exemption 

under Rule 6732 and that is a ‘‘covered 

ATS’’ must use the FINRA-assigned 

identifier to identify each non-FINRA 

member subscriber in the monthly 

transaction files that are required to be 

submitted to FINRA.13

FINRA has represented that it will 

announce the effective date of the rule 

change in a Regulatory Notice, and the 

effective date will be no later than 365 

days following Commission approval of 

the proposed rule change.14

III. Discussion and Commission 

Findings 

After careful consideration, the 

Commission finds that the proposed 

rule change is consistent with the 

requirements of the Act and the rules 

and regulations thereunder applicable to 

a national securities association.15 In 

particular, the Commission finds that 

the proposed rule change is consistent 

with Section 15A(b)(6) of the Act,16

which requires, among other things, that 

the rules of a national securities 

association be designed to prevent 

fraudulent and manipulative acts and 

practices, to promote just and equitable 

principles of trade, and, in general, to 

protect investors and the public interest. 

The proposed rule change appears 

reasonably designed to reduce reporting 

burdens on member ATSs and to 

mitigate operational burdens of ATS 

member subscribers with respect to 

clearance and settlement, without 

negatively impacting the regulatory 

audit trail or post-trade transparency for 

ATS transactions in TRACE-Eligible 

Securities. The proposed rule change 

will expand the scope of existing Rule 

6732 by allowing FINRA to grant 

exemptions from the TRACE reporting 

requirements to ATSs regarding 

member-to-non-member trades in 

addition to, as currently, member-tomember trades. The proposal does not 

change any of the other criteria for 

granting an exemption under Rule 6732. 

Thus, although an ATS receiving an 

exemption pursuant to FINRA’s 

expanded authority under Rule 6732 

would no longer be submitting TRACE 

reports regarding exempted trades, the 

proposal appears reasonably designed to 

prevent any relevant information 

regarding such trades from being lost 

from the regulatory audit trail. An ATS 

granted an exemption under FINRA’s 

expanded authority would have to enter 

into a written agreement with each 

member subscriber that is a Party to a 

Transaction that is exempted, specifying 

that the member must report that 

transaction to TRACE and identify the 

transaction as having occurred on the 

ATS using the ATS’s MPID.17 The sole 

member subscriber involved in the 

transaction would have to identify a 

counterparty other than the ATS with 

respect to each side of the transaction.18

In addition, an ATS granted an 

exemption would have to agree to 

provide FINRA on a monthly basis (or 

such other basis as prescribed by 

FINRA) data relating to exempted trades 

occurring on the ATS’s system, and to 

acknowledge that failure to report such 

data to FINRA, in addition to 

constituting a violation of FINRA rules, 

would result in revocation of any 

exemption granted pursuant to Rule 

6732.19 Furthermore, under new Rule 

6732(c), for an exempted trade between 

a member and a non-member on an ATS 

that is a ‘‘covered ATS’’ under FINRA 

Rule 6730.07, the ATS would have to 

provide to the member subscriber (and 

the member subscriber would have to 

report to TRACE using) the FINRAassigned identifier for each non-FINRA 

member subscriber. 

The proposal also appears reasonably 

designed to prevent any negative impact 

on post-trade transparency. Although 

trade reports for exempt trades will no 

longer be submitted by the ATS and 

publicly disseminated, market observers 

will still have relevant information 

about the ATS trade between the 

member subscriber and the non-member 

because FINRA will continue to 

publicly disseminate the trade report 

submitted by the member subscriber 

that is the Party to the Transaction. This 

approach aligns public dissemination 

more closely with the legal and 

economic effects of the transaction, 

because an exemption under Rule 6732 

can apply to a trade on the ATS only if 

the broker-dealer operator of the ATS is 

not a legal counterparty to the trade.20

For the reasons noted above, the 

Commission finds that the proposed 

rule change is consistent with the Act. 

IV. Conclusion 

It is therefore ordered, pursuant to 

Section 19(b)(2) of the Act,21 that the 

proposed rule change (SR–FINRA– 

2021–029) is approved. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.22

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2022–00879 Filed 1–18–22; 8:45 am] 

BILLING CODE 8011–01–P 

SMALL BUSINESS ADMINISTRATION 

[Disaster Declaration #17305 and #17306; 

MISSOURI Disaster Number MO–00112] 

Presidential Declaration of a Major 

Disaster for Public Assistance Only for 

the State of Missouri 

AGENCY: U.S. Small Business 

Administration. 

ACTION: Notice. 

SUMMARY: This is a Notice of the 

Presidential declaration of a major 

disaster for Public Assistance Only for 


jspears on DSK121TN23PROD with NOTICES1
2978 Federal Register / Vol. 87, No. 12 / Wednesday, January 19, 2022 / Notices 

the State of Missouri (FEMA–4636–DR), 

dated 01/10/2022. 

Incident: Severe Storms, Straight-line 

Winds, and Tornadoes. 

Incident Period: 12/10/2021. 

DATES: Issued on 01/10/2022. 

Physical Loan Application Deadline 

Date: 03/11/2022. 

Economic Injury (EIDL) Loan 

Application Deadline Date: 10/11/2022. 

ADDRESSES: Submit completed loan 

applications to: U.S. Small Business 

Administration, Processing and 

Disbursement Center, 14925 Kingsport 

Road, Fort Worth, TX 76155. 

FOR FURTHER INFORMATION CONTACT: A. 

Escobar, Office of Disaster Assistance, 

U.S. Small Business Administration, 

409 3rd Street SW, Suite 6050, 

Washington, DC 20416, (202) 205–6734. 

SUPPLEMENTARY INFORMATION: Notice is 

hereby given that as a result of the 

President’s major disaster declaration on 

01/10/2022, Private Non-Profit 

organizations that provide essential 

services of a governmental nature may 

file disaster loan applications at the 

address listed above or other locally 

announced locations. 

The following areas have been 

determined to be adversely affected by 

the disaster: 

Primary Counties: Bollinger, Dunklin, 

Iron, Madison, Pemiscot, Reynolds, 

Wayne 

The Interest Rates are: 

Percent 

For Physical Damage: 

Non-Profit Organizations with 

Credit Available Elsewhere ... 1.875 

Non-Profit Organizations without Credit Available Elsewhere ..................................... 1.875 

For Economic Injury: 

Non-Profit Organizations without Credit Available Elsewhere ..................................... 1.875 

The number assigned to this disaster 

for physical damage is 17305 C and for 

economic injury is 17306 0. 

(Catalog of Federal Domestic Assistance 

Number 59008) 

Barbara E. Carson, 

Deputy Associate Administrator for Disaster 

Assistance. 

[FR Doc. 2022–00895 Filed 1–18–22; 8:45 am] 

BILLING CODE 8026–03–P 

DEPARTMENT OF STATE 

[Public Notice: 11629] 

Notice of Determinations; Culturally 

Significant Object Being Imported for 

Exhibition—Determinations: Exhibition 

of ‘‘Going to the Market, Early 

Morning’’ Painting by Thomas 

Gainsborough 

SUMMARY: Notice is hereby given of the 

following determinations: I hereby 

determine that a certain object being 

imported from abroad pursuant to an 

agreement with its foreign owner or 

custodian for temporary exhibition or 

display at The J. Paul Getty Museum at 

the Getty Center, Los Angeles, 

California, and at possible additional 

exhibitions or venues yet to be 

determined, is of cultural significance, 

and, further, that its temporary 

exhibition or display within the United 

States as aforementioned is in the 

national interest. I have ordered that 

Public Notice of these determinations be 

published in the Federal Register. 

FOR FURTHER INFORMATION CONTACT: Chi 

D. Tran, Program Administrator, Office 

of the Legal Adviser, U.S. Department of 

State (telephone: 202–632–6471; email: 

section2459@state.gov). The mailing 

address is U.S. Department of State, 

L/PD, 2200 C Street NW (SA–5), Suite 

5H03, Washington, DC 20522–0505. 

SUPPLEMENTARY INFORMATION: The 

foregoing determinations were made 

pursuant to the authority vested in me 

by the Act of October 19, 1965 (79 stat. 

985; 22 U.S.C. 2459), E.O. 12047 of 

March 27, 1978, the Foreign Affairs 

Reform and Restructuring Act of 1998 

(112 stat. 2681, et seq.; 22 U.S.C. 6501 

note, et seq.), Delegation of Authority 

No. 234 of October 1, 1999, Delegation 

of Authority No. 236–3 of August 28, 

2000, and Delegation of Authority No. 

523 of December 22, 2021. 

Stacy E. White, 

Deputy Assistant Secretary for Professional 

and Cultural Exchanges, Bureau of 

Educational and Cultural Affairs, Department 

of State. 

[FR Doc. 2022–00905 Filed 1–18–22; 8:45 am] 

BILLING CODE 4710–05–P 

DEPARTMENT OF STATE 

[Public Notice: 11630] 

Private Sector Participation in 

Domestic and International Events on 

Spaceflight Safety, Sustainability, and 

Emerging Markets in Outer Space 

ACTION: Notice of a meeting. 

SUMMARY: The U.S. Department of State 

seeks private sector participation in a 

series of domestic and international 

events promoting space commerce as 

well as implementation of best practices 

for the peaceful uses of outer space for 

civil and commercial activities in a safe 

and responsible manner. These events 

and the participation of the commercial 

space sector, academia and other nongovernmental organizations will assist 

the Department of State in fulfilling its 

responsibilities pursuant to the 2020 

National Space Policy and the 2021 

United States Space Priorities 

Framework. 

DATES: Participants will serve as private 

sector advisors to U.S. delegations to 

one or more workshops, meetings, 

symposia, and other international 

events related to safety, sustainability, 

and emerging markets in outer space 

between the publication date of this 

Notice and December 31, 2022. 

ADDRESSES: Attendance information, 

including addresses, will be posted on 

https://www.state.gov/remarks-andreleases-bureau-of-oceans-andinternational-environmental-andscientific-affairs/. 

FOR FURTHER INFORMATION CONTACT: 

Ryan Guglietta, Foreign Affairs Officer, 

Office of Space Affairs, Bureau of 

Oceans and International Environmental 

and Scientific Affairs, Department of 

State, Washington, DC 20522, phone 

860–573–0708, or email gugliettart@

state.gov. 

SUPPLEMENTARY INFORMATION: Events 

will vary in location and format, to 

include fully online, hybrid, and inperson activities. Short notice 

modification of plans may be required 

in response to pandemic precautions. 

Meetings may be stand alone or on the 

margins of related events, which may 

include, but are not limited to, the 

United Nations Committee on the 

Peaceful Uses of Outer Space (COPUOS) 

Scientific and Technical Subcommittee 

(STSC) in Vienna in February 2022, the 

COPUOS Legal Subcommittee (LSC) in 

Vienna in April 2022, the COPUOS 

plenary in Vienna in June 2022, and 

World Space Forums organized by the 

UN Office of Outer Space Affairs. There 

may also be additional opportunities to 

provide input on domestic policies and 

U.S. positions in other international 

diplomatic fora. 

Participants should focus on the 

following: 

Safety: Identify key safety issues for 

crewed and/or uncrewed outer space 

operations. Discuss current attempts to 

address these issues and suggest new 

concerns that may develop as private 


jspears on DSK121TN23PROD with NOTICES1