8442 Federal Register / Vol. 87, No. 31 / Tuesday, February 15, 2022 / Proposed Rules 

1On February 8, 2022, the Commission voted (4– 

0) to issue this notice of opportunity for oral 

presentation of comments. 

NPR is available at: https://

www.cpsc.gov/s3fs-public/NPRs-AddWindow-Covering-Cords-to-SubstantialProduct-Hazard-List-Establish-SafetyStandard-for-Operating-Cords-onCustom-Window-Coverings-updated-10- 

29-2021.pdf?VersionId=

HIM05bK3WDLRZr

lNGogQLknhFvhtx3PD. 

II. The Public Hearing 

The Administrative Procedure Act (5 

U.S.C. 551–562) and section 9 of the 

CPSA require the Commission to 

provide interested parties with an 

opportunity to submit ‘‘written data, 

views, or arguments’’ regarding a 

proposed rule. 5 U.S.C. 553(c); 15 U.S.C. 

2058(d)(2). The NPR invited such 

written comments. Section 9 of the 

CPSA also requires the Commission to 

provide interested parties ‘‘an 

opportunity for oral presentation of 

data, views, or arguments.’’ 15 U.S.C. 

2058(d)(2). The Commission must keep 

a transcript of such oral presentations. 

Id. To satisfy this requirement, the 

Commission is providing a forum for 

oral presentations concerning the 

proposed Safety Standard for Operating 

Cords on Custom Window Coverings.1

To request the opportunity to make an 

oral presentation, see the information 

under the DATES and ADDRESSES sections 

of this notice. Participants should limit 

their presentations to approximately 10 

minutes, excluding time for questioning 

by the Commissioners or CPSC staff. To 

avoid duplicate presentations, groups 

should designate a spokesperson, and 

the Commission reserves the right to 

limit presentation times or impose 

further restrictions, as necessary. 

Alberta E. Mills, 

Secretary, Consumer Product Safety 

Commission. 

[FR Doc. 2022–03158 Filed 2–14–22; 8:45 am] 

BILLING CODE 6355–01–P 

CONSUMER PRODUCT SAFETY 

COMMISSION 

16 CFR Parts 1112 and 1262 

[Docket No. CPSC–2021–0037] 

Safety Standard for Magnets; Notice of 

Opportunity for Oral Presentation of 

Comments 

AGENCY: Consumer Product Safety 

Commission. 

ACTION: Notice of proposed rulemaking; 

notice of opportunity for oral 

presentation of comments. 

SUMMARY: The Consumer Product Safety 

Commission (Commission or CPSC) will 

be providing an opportunity for 

interested parties to present oral 

comments on the notice of proposed 

rulemaking (NPR) the Commission 

issued regarding a safety standard for 

magnets. Any oral comments will be 

part of the rulemaking record. 

DATES: The hearing will begin at 10 a.m. 

Eastern Standard Time (EST) on March 

2, 2022, via webinar. All attendees 

should pre-register for the webinar 

online at: https://

attendee.gotowebinar.com/register/

7528473084591026190. 

Any individual interested in making 

an oral presentation must register for the 

webinar and submit a request to make 

an oral presentation to the Division of 

the Secretariat, along with the written 

text of the oral presentation, and such 

requests must be received no later than 

5 p.m. EST on February 23, 2022. All 

other individuals who wish to attend 

the meeting should register before the 

start of the hearing. 

ADDRESSES: The hearing will be held via 

webinar. Attendance is free of charge. 

Submit requests to make oral 

presentations and the written text of 

oral presentations to the Division of the 

Secretariat, with the caption, ‘‘Magnets 

NPR; Oral Presentation,’’ by email to 

cpsc-os@cpsc.gov, or by mail to the 

Division of the Secretariat, Consumer 

Product Safety Commission, 4330 EastWest Highway, Bethesda, MD 20814. 

Detailed instructions for those making 

oral presentations and other attendees 

will be made available on the CPSC 

public calendar. 

FOR FURTHER INFORMATION CONTACT: For 

information about the subject matter of 

this hearing, contact Stephen Harsanyi, 

Project Manager, Consumer Product 

Safety Commission, 5 Research Place, 

Rockville, MD 20850; email: 

SHarsanyi@cpsc.gov. For information 

about the procedure to make an oral 

presentation, contact Alberta E. Mills, 

Division of the Secretariat, Consumer 

Product Safety Commission, 4330 EastWest Highway, Bethesda, MD 20814; 

cpsc-os@cpsc.gov. 

SUPPLEMENTARY INFORMATION: 

I. Background 

On January 10, 2022, the Commission 

published an NPR in the Federal 

Register, proposing to issue a safety 

standard for magnets under the 

Consumer Product Safety Act (CPSA; 15 

U.S.C. 2051–2089), and seeking written 

comments. 87 FR 1260. The proposed 

rule seeks to address the risk of injury 

or death associated with magnet 

ingestions, by requiring loose or 

separable magnets in subject magnet 

products to be either too large to 

swallow, or weak enough to reduce the 

risk of internal interaction injuries when 

swallowed. The proposed rule would 

apply to ‘‘subject magnet products,’’ 

which are consumer products that are 

designed, marketed, or intended to be 

used for entertainment, jewelry 

(including children’s jewelry), mental 

stimulation, stress relief, or a 

combination of these purposes, and that 

contain one or more loose or separable 

magnets. The NPR proposed a rule to 

require each loose or separable magnet 

in a subject magnet product that fits 

entirely within CPSC’s small parts 

cylinder (described in 16 CFR 1501.4) to 

have a flux index of less than 50 kG2

mm2. Toys that are subject to CPSC’s 

mandatory toy standard in 16 CFR part 

1250 are exempt from the proposed rule. 

The NPR is available at: https://

www.govinfo.gov/content/pkg/FR-2022-

01-10/pdf/2021-27826.pdf, and CPSC 

staff’s briefing package for the NPR is 

available at: https://www.cpsc.gov/s3fspublic/Proposed-Rule-Safety-Standardfor-Magnets.pdf?VersionId=

2Xizl5izY1OvQRVazWpkqdJHXg5vzRY. 

II. The Public Hearing 

The Administrative Procedure Act (5 

U.S.C. 551–562) and section 9 of the 

CPSA require the Commission to 

provide interested parties with an 

opportunity to submit ‘‘written data, 

views, or arguments’’ regarding a 

proposed rule. 5 U.S.C. 553(c); 15 U.S.C. 

2058(d)(2). The NPR invited such 

written comments. In addition, section 

9 of the CPSA requires the Commission 

to provide interested parties ‘‘an 

opportunity for oral presentation of 

data, views, or arguments’’ 15 U.S.C. 

2058(d)(2). The Commission must keep 

a transcript of such oral presentations. 

Id. In accordance with this requirement, 

the Commission is providing a forum for 

oral presentations concerning the 

proposed standard for magnets. 

To request the opportunity to make an 

oral presentation, see the information 

under the DATES and ADDRESSES sections 

of this notice. Participants should limit 

their presentations to approximately 10 

minutes, excluding time for questioning 

by the Commissioners or CPSC staff. To 

avoid duplicate presentations, groups 

should designate a spokesperson, and 

the Commission reserves the right to 


lotter on DSK11XQN23PROD with PROPOSALS1
Federal Register / Vol. 87, No. 31 / Tuesday, February 15, 2022 / Proposed Rules 8443 

1 15 U.S.C. 78a et seq. 

limit presentation times or impose 

further restrictions, as necessary. 

Alberta E. Mills, 

Secretary, Consumer Product Safety 

Commission. 

[FR Doc. 2022–03166 Filed 2–14–22; 8:45 am] 

BILLING CODE 6355–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

17 CFR Parts 229, 232, 240, 249, and 

274 

[Release Nos. 34–93783; IC–34440; File No. 

S7–21–21] 

RIN 3235–AM94 

Share Repurchase Disclosure 

Modernization 

AGENCY: Securities and Exchange 

Commission. 

ACTION: Proposed rule. 

SUMMARY: The Securities and Exchange 

Commission is proposing amendments 

to modernize and improve disclosure 

about repurchases of an issuer’s equity 

securities that are registered under the 

Securities Exchange Act of 1934. 

Specifically, the proposed amendments 

would require an issuer to provide more 

timely disclosure on a new Form SR 

regarding purchases of its equity 

securities for each day that it, or an 

affiliated purchaser, makes a share 

repurchase. The proposed amendments 

would also enhance the existing 

periodic disclosure requirements about 

these purchases. 

DATES: Comments should be received on 

or before April 1, 2022. 

ADDRESSES: Comments may be 

submitted by any of the following 

methods: 

Electronic Comments 

• Use the Commission’s internet 

comment form (https://www.sec.gov/ 

regulatory-actions/how-to-submitcomments); or 

Paper Comments 

• Send paper comments to Secretary, 

Securities and Exchange Commission, 

100 F Street NE, Washington, DC 

20549–1090. 

All submissions should refer to File 

Number S7–21–21. This file number 

should be included on the subject line 

if email is used. To help us process and 

review your comments more efficiently, 

please use only one method of 

submission. The Commission will post 

all comments on the Commission’s 

website (http://www.sec.gov/rules/ 

proposed.shtml). Comments also are 

available for website viewing and 

printing in the Commission’s Public 

Reference Room, 100 F Street NE, 

Washington, DC 20549–1090, on official 

business days between the hours of 10 

a.m. and 3 p.m. Operating conditions 

may limit access to the Commission’s 

public reference room. All comments 

received will be posted without change. 

Persons submitting comments are 

cautioned that we do not redact or edit 

personal identifying information from 

comment submissions. You should 

submit only information that you wish 

to make available publicly. 

Studies, memoranda, or other 

substantive items may be added by the 

Commission or staff to the comment file 

during this rulemaking. A notification of 

the inclusion in the comment file of any 

such materials will be made available 

on our website. To ensure direct 

electronic receipt of such notifications, 

sign up through the ‘‘Stay Connected’’ 

option at www.sec.gov to receive 

notifications by email. 

FOR FURTHER INFORMATION CONTACT: 

Steven G. Hearne, Senior Special 

Counsel, Office of Rulemaking, at (202) 

551–3460, Division of Corporation 

Finance; and, with respect to the 

application of the proposal to 

investment companies, Bradley Gude, 

Special Counsel, at (202) 551–6792, 

Investment Company Regulation Office, 

Division of Investment Management; 

U.S. Securities and Exchange 

Commission, 100 F Street NE, 

Washington, DC 20549. 

SUPPLEMENTARY INFORMATION: We are 

proposing to amend or add the 

following rules and forms: 

Commission reference CFR citation 

(17 CFR) 

Regulation S–K .................................................. Item 10 through 1305 ...................................... §§ 229.10 through 229.1305. 

Item 601 ........................................................... § 229.601. 

Item 703 ........................................................... § 229.703. 

Regulation S–T ................................................... Rule 10 through 903 ........................................ §§ 232.10 through 232.903. 

Rule 405 ........................................................... § 232.405. 

Securities Exchange Act of 1934 (Exchange 

Act) 1.

Proposed Rule 13a–21 .................................... § 240.13a–21. 

Proposed Form SR 

Form 20–F ....................................................... § 249.220f. 

Form N–CSR ................................................... §§ 249.331 and 274.128. 

Table of Contents 

I. Introduction 

II. Discussion of Proposed Amendments 

A. Proposed Form SR 

B. Proposed Revisions to Item 703, Form 

20–F, and Form N–CSR 

1. Additional Disclosure 

2. Clarifying Amendments 

C. Structured Data Requirement 

III. General Request for Comment 

IV. Economic Analysis 

A. Baseline and Affected Parties 

1. Affected Parties 

2. Baseline 

B. Benefits 

C. Costs 

D. Reasonable Alternatives 

V. Paperwork Reduction Act 

VI. Small Business Regulatory Enforcement 

Fairness Act 

VII. Initial Regulatory Flexibility Analysis 

Statutory Authority 


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