Federal Register / Vol. 87, No. 15 / Monday, January 24, 2022 / Notices 3591 

PORTIONS CLOSED TO THE PUBLIC: 

Between 1:30–2:15 p.m. EST, the 

following matters will be considered: 

Committee Chair’s opening remarks; 

Presentation on NSF’s Annual 

Performance Report, and Committee 

discussion. 

CONTACT PERSON FOR MORE INFORMATION: 

Point of contact for this meeting is: 

Chris Blair, 703/292–7000. Members of 

the public may observe the public 

portion of the meeting, which will be 

streamed to the NSB YouTube channel. 

A link to the YouTube page can be 

found at https://www.nsf.gov/nsb/ 

meetings/index.jsp#up. 

Chris Blair, 

Executive Assistant to the National Science 

Board Office. 

[FR Doc. 2022–01380 Filed 1–20–22; 4:15 pm] 

BILLING CODE 7555–01–P 

NATIONAL SCIENCE FOUNDATION 

Agency Information Collection 

Activities: Proposed Collection; 

Comment Request 

AGENCY: National Science Foundation. 

ACTION: Notice and request for 

comments. 

SUMMARY: The National Science 

Foundation (NSF) is announcing plans 

to renew this collection. In accordance 

with the requirements of the Paperwork 

Reduction Act of 1995, we are providing 

opportunity for public comment on 

revisions to the Business Systems 

Review (BSR) Guide. After obtaining 

and considering public comment, NSF 

will prepare the submission requesting 

Office of Management and Budget 

(OMB) clearance of this collection for no 

longer than 3 years. 

DATES: Written comments should be 

received by March 25, 2022 to be 

assured of consideration. Comments 

received after that date will be 

considered to the extent practicable. 

ADDRESSES: Written comments 

regarding the information collection and 

requests for copies of the proposed 

information collection request should be 

addressed to Suzanne Plimpton, Reports 

Clearance Officer, National Science 

Foundation, 2415 Eisenhower Ave., Rm. 

E 7400, Alexandria, VA 22314, or by 

email to splimpto@nsf.gov. 

FOR FURTHER INFORMATION CONTACT: 

Suzanne Plimpton on (703) 292–7556 or 

send email to splimpto@nsf.gov. 

Individuals who use a 

telecommunications device for the deaf 

(TDD) may call the Federal Information 

Relay Service (FIRS) at 1–800–877– 

8339, which is accessible 24 hours a 

day, 7 days a week, 365 days a year 

(including federal holidays). 

SUPPLEMENTARY INFORMATION: This 

clearance request is for a renewal of the 

NSF Business Systems Review Guide 

(BSR). It aligns with the Uniform 

Guidance (UG) and the NSF Research 

Infrastructure Guide which is intended 

for use by NSF staff and by external 

proponents of major facility projects for 

use in planning. The primary purpose of 

this revision is to clarify the BSR 

process, update references to the revised 

UG, and address new requirements and 

policy in the UG and NSF terms and 

conditions. The draft version of the NSF 

BSR Guide is available on the NSF 

website at: http://www.nsf.gov/bfa/lfo/ 

lfo_documents.jsp. To facilitate review, 

a Change Log with brief comment 

explanations of the changes is provided 

in the guide. 

Comments: In addition to the type of 

comments identified above, comments 

are also invited on: (a) Whether the 

proposed collection of information is 

necessary for the proper performance of 

the functions of the Agency, including 

whether the information shall have 

practical utility; (b) the accuracy of the 

Agency’s estimate of the burden of the 

proposed collection of information; (c) 

ways to enhance the quality, utility, and 

clarity of the information on 

respondents, including through the use 

of automated collection techniques or 

other forms of information technology; 

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. 

After obtaining and considering public 

comment, NSF will prepare the 

submission requesting OMB clearance 

of this collection for no longer than 3 

years. 

Title of Collection: Business Systems 

Review Guide. 

OMB Approval Number: 3145–0255. 

Expiration Date of Approval: January 

31, 2024. 

Type of Request: Intent to seek 

approval to extend with revision an 

information collection for three years. 

Proposed Project: The National 

Science Foundation Act of 1950 (Pub. L. 

81–507) set forth NSF’s mission and 

purpose: 

‘‘To promote the progress of science; 

to advance the national 

health, prosperity, and welfare; to 

secure the national defense. * * *’’ 

The Act authorized and directed NSF 

to initiate and support: 

b Basic scientific research and 

research fundamental to the engineering 

process; 

b Programs to strengthen scientific 

and engineering research potential; 

b Science and engineering education 

programs at all levels and in all the 

various fields of science and 

engineering; 

b Programs that provide a source of 

information for policy formulation; and 

b Other activities to promote these 

ends. 

Among Federal agencies, NSF is a 

leader in providing the academic 

community with advanced 

instrumentation needed to conduct 

state-of-the-art research and to educate 

the next generation of scientists, 

engineers and technical workers. The 

knowledge generated by these tools 

sustains U.S. leadership in science and 

engineering (S&E) to drive the U.S. 

economy and secure the future. NSF’s 

responsibility is to ensure that the 

research and education communities 

have access to these resources, and to 

provide the support needed to utilize 

them optimally, and implement timely 

upgrades. 

The scale of advanced 

instrumentation ranges from small 

research instruments to shared 

resources or facilities that can be used 

by entire communities. The demand for 

such instrumentation is very high, and 

is growing rapidly, along with the pace 

of discovery. For major facilities and 

shared infrastructure, the need is 

particularly high. This trend is expected 

to accelerate in the future as increasing 

numbers of researchers and educators 

rely on such large facilities, 

instruments, and databases to provide 

the reach to make the next intellectual 

leaps. 

NSF currently provides support for 

facility construction from two accounts: 

the Major Research Equipment and 

Facility Construction (MREFC) account, 

and the Research and Related Activities 

(R&RA) account. The MREFC account, 

established in FY 1995, is a separate 

budget line item that provides an 

agency-wide mechanism, permitting 

directorates to undertake large facility 

projects, roughly $100M or greater, and 

mid-scale projects in the range of 

approximately $20–$100M. 

Facilities are defined as shared-use 

infrastructure, instrumentation and 

equipment that are accessible to a broad 

community of researchers and/or 

educators. Facilities may be centralized 

or may consist of distributed 

installations. They may incorporate 

large-scale networking or computational 

infrastructure, multi-user instruments or 

networks of such instruments, or other 

infrastructure, instrumentation and 

equipment having a major impact on a 

broad segment of a scientific or 


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3592 Federal Register / Vol. 87, No. 15 / Monday, January 24, 2022 / Notices 

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

2 17 CFR 240.19b–4. 

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

4 17 CFR 240.19b–4(f)(6). 

engineering discipline. Historically, 

awards have been made for such diverse 

projects as accelerators, telescopes, 

research vessels and aircraft, and 

geographically distributed but 

networked sensors and instrumentation. 

The growth and diversification of 

large facility projects require that NSF 

remain attentive to the ever-changing 

issues and challenges inherent in their 

planning, construction, operation, 

management and oversight. Most 

importantly, dedicated, competent NSF 

and awardee staff are needed to manage 

and oversee these projects; giving the 

attention and oversight that good 

practice dictates and that proper 

accountability to taxpayers and 

Congress demands. To this end, there is 

also a need for consistent, documented 

requirements and procedures to be 

understood and used by NSF program 

managers and awardees for all such 

large projects. 

Use of the Information: Facilities are 

an essential part of the science and 

engineering enterprise and supporting 

them is one major responsibility of the 

National Science Foundation (NSF). 

NSF makes awards to external entities— 

primarily universities, consortia of 

universities or non-profit 

organizations—to undertake 

construction, management and 

operation of facilities. Such awards 

frequently take the form of cooperative 

agreements. NSF does not directly 

construct or operate the facilities it 

supports. However, NSF retains 

responsibility for overseeing their 

development, management, and 

successful performance. 

Business Systems Reviews (BSR) of 

NSF’s Major Facilities are designed to 

provide reasonable assurance that the 

business systems (people, processes, 

and technologies) of NSF Recipients are 

effective in meeting administrative 

responsibilities and satisfying Federal 

regulatory requirements, including 

those listed in NSF’s Proposal & Award 

Policies & Procedures Guide (PAPPG). 

These reviews are not considered 

audits but are intended to be assistive in 

nature; aiding the Recipient in following 

good practices where appropriate and 

bringing them into compliance, if 

needed. A team of BSR participants is 

assembled to assess the Recipient’s 

policies, procedures, and practices to 

determine whether, taken collectively, 

these administrative business systems 

used in managing the Facility meet NSF 

award expectations and comply with 

Federal regulations. 

The BSR Guide is designed for use by 

both our customer community and NSF 

staff for guidance in executing these 

reviews. The BSR Guide defines the 

overall framework and structure and 

summarizes the details outlined in the 

internal operating guidelines and 

procedures used by BSR Participants to 

execute the review process. 

Management principles and practices 

are specified for seven core functional 

areas (CFA) and are used by BSR 

participants in performing these 

evaluations. Roles and responsibilities 

of the NSF stakeholders involved in the 

process are outlined in the BSR Guide 

as well as the expectations of the 

Recipient. 

This version of the Business Systems 

Guide aligns with the Uniform 

Guidance and the NSF Research 

Infrastructure Guide. This Guide will be 

updated periodically to reflect changes 

in requirements, policies and/or 

procedures. Award Recipients are 

expected to monitor and adopt the 

requirements and good practices 

included in the Guide. 

The submission of Award Recipient 

and Project administrative business 

process and procedural documentation 

used in support of operations of the 

Major Facilities is part of the collection 

of information. This information is used 

to help NSF fulfill this responsibility in 

supporting merit-based research and 

education projects in all the scientific 

and engineering disciplines. The 

Foundation also has a continuing 

commitment to provide oversight on 

facilities through their full life cycle 

which must be balanced against 

monitoring its information collection so 

as to identify and address any excessive 

review and reporting burdens. 

NSF has approximately twenty (20) 

Major Facilities in various stages of 

design, construction, operations, and 

divestment. The need for a BSR and 

review scope is based on NSF’s internal 

annual Major Facility Portfolio Risk 

Assessment and the assessment of 

various risks factors. 

Burden to the Public: The Foundation 

estimates that approximately one and 

half (1.5) Full Time Equivalents (FTEs) 

are necessary for a major facility to 

respond to the requirements of a BSR; 

or 3,120 hours. With an average of four 

(4) BSRs conducted a year, this equates 

to roughly 12,000 public burden hours 

annually. 

Dated: January 19, 2022. 

Suzanne H. Plimpton, 

Reports Clearance Officer,National Science 

Foundation. 

[FR Doc. 2022–01249 Filed 1–21–22; 8:45 am] 

BILLING CODE 7555–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–93990; SR–CBOE–2022– 

003] 

Self-Regulatory Organizations; Cboe 

Exchange, Inc.; Notice of Filing and 

Immediate Effectiveness of a Proposed 

Rule Change To Amend Rule 6.5 To 

Improve the Operation of the Rule 

January 18, 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 

11, 2022, Cboe Exchange, Inc. (the 

‘‘Exchange’’ or ‘‘Cboe Options’’) filed 

with the Securities and Exchange 

Commission (the ‘‘Commission’’) the 

proposed rule change as described in 

Items I and II below, which Items have 

been prepared by the Exchange. The 

Exchange filed the proposal as a ‘‘noncontroversial’’ proposed rule change 

pursuant to Section 19(b)(3)(A)(iii) of 

the Act 3 and Rule 19b–4(f)(6) 

thereunder.4 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 

Cboe Exchange, Inc. (the ‘‘Exchange’’ 

or ‘‘Cboe Options’’) proposes to amend 

Rule 6.5 to improve the operation of the 

Rule. The text of the proposed rule 

change is provided below. 

(additions are italicized; deletions are 

[bracketed]) 

* * * * * 

Rules of Cboe Exchange, Inc. 

* * * * * 

Rule 6.5. Nullification and Adjustment of 

Option Transactions Including Obvious 

Errors 

* * * * * 

(b) Theoretical Price. Upon receipt of a 

request for review and prior to any review of 

a transaction execution price, the 

‘‘Theoretical Price’’ for the option must be 

determined. For purposes of this Rule, if the 

applicable option series is traded on at least 

one other options exchange, then the 

Theoretical Price of an option series is the 

last NBB just prior to the trade in question 

with respect to an erroneous sell transaction 

or the last NBO just prior to the trade in 

question with respect to an erroneous buy 

transaction unless one of the exceptions in 

sub-paragraphs (b)(1) through (3) below 

exists. For purposes of this provision, when 


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