13026 Federal Register / Vol. 87, No. 45 / Tuesday, March 8, 2022 / Notices 

An agency may not conduct or 

sponsor, and a person is not required to 

respond to, a collection of information 

unless it displays a currently valid 

control number. 

Please direct your written comment to 

David Bottom, Director/Chief 

Information Officer, Securities and 

Exchange Commission, c/o John 

Pezzullo, 100 F Street NE, Washington, 

DC 20549 or send an email to: PRA_

Mailbox@sec.gov. 

Dated: March 2, 2022. 

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2022–04795 Filed 3–7–22; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[SEC File No. 270–549, OMB Control No. 

3235–0610] 

Proposed Collection; Comment 

Request; Extension: Rule 248.30 

Upon Written Request, Copies Available 

From: Securities and Exchange 

Commission, Office of FOIA Services, 

100 F Street NE, Washington, DC 

20549–2736 

Notice is hereby given that, pursuant 

to the Paperwork Reduction Act of 1995 

(44 U.S.C. 3501 et seq.), the Securities 

and Exchange Commission (the 

‘‘Commission’’) is soliciting comments 

on the collection of information 

summarized below. The Commission 

plans to submit this existing collection 

of information to the Office of 

Management and Budget for extension 

and approval. 

Rule 248.30 (17 CFR 248.30) under 

Regulation S–P is titled ‘‘Procedures to 

Safeguard Customer Records and 

Information; Disposal of Consumer 

Report Information.’’ Rule 248.30 (the 

‘‘safeguard rule’’) requires brokers, 

dealers, investment companies, and 

investment advisers registered with the 

Commission (‘‘registered investment 

advisers’’) (collectively ‘‘covered 

institutions’’) to adopt written policies 

and procedures for administrative, 

technical, and physical safeguards to 

protect customer records and 

information. The safeguards must be 

reasonably designed to ‘‘insure the 

security and confidentiality of customer 

records and information,’’ ‘‘protect 

against any anticipated threats or 

hazards to the security and integrity’’ of 

those records, and protect against 

unauthorized access to or use of those 

records or information, which ‘‘could 

result in substantial harm or 

inconvenience to any customer.’’ The 

safeguard rule’s requirement that 

covered institutions’ policies and 

procedures be documented in writing 

constitutes a collection of information 

and must be maintained on an ongoing 

basis. This requirement eliminates 

uncertainty as to required employee 

actions to protect customer records and 

information and promotes more 

systematic and organized reviews of 

safeguard policies and procedures by 

institutions. The information collection 

also assists the Commission’s 

examination staff in assessing the 

existence and adequacy of covered 

institutions’ safeguard policies and 

procedures. 

We estimate that as of the end of 

2020, there are 3,681 broker-dealers, 

2,840 investment companies, and 

13,788 investment advisers registered 

with the Commission, for a total of 

20,309 covered institutions. We believe 

that all of these covered institutions 

have already documented their 

safeguard policies and procedures in 

writing and therefore will incur no 

hourly burdens related to the initial 

documentation of policies and 

procedures. Although existing covered 

institutions would not incur any initial 

hourly burden in complying with the 

safeguards rule, we expect that newly 

registered institutions would incur some 

hourly burdens associated with 

documenting their safeguard policies 

and procedures. We estimate that 

approximately 1,375 broker-dealers, 

investment companies, or investment 

advisers register with the Commission 

annually. However, we also expect that 

approximately 20% of these newly 

registered covered institutions, or 372 

institutions, are affiliated with an 

existing covered institution, and will 

rely on an organization-wide set of 

previously documented safeguard 

policies and procedures created by their 

affiliates. We estimate that these 

affiliated newly registered covered 

institutions will incur a significantly 

reduced hourly burden in complying 

with the safeguards rule, as they will 

need only to review their affiliate’s 

existing policies and procedures, and 

identify and adopt the relevant policies 

for their business. Therefore, we expect 

that newly registered covered 

institutions with existing affiliates will 

incur an hourly burden of 

approximately 15 hours in identifying 

and adopting safeguard policies and 

procedures for their business, for a total 

hourly burden for all affiliated new 

institutions of 5,580 hours. We expect 

that half of this time would be incurred 

by inside counsel at an hourly rate of 

$455, and half would be by a 

compliance officer at an hourly rate of 

$400, for a total cost of $2,385,450. 

Finally, we expect that the 1,003 

newly registered entities that are not 

affiliated with an existing institution 

will incur a significantly higher hourly 

burden in reviewing and documenting 

their safeguard policies and procedures. 

We expect that virtually all of the newly 

registered covered entities that do not 

have an affiliate are likely to be small 

entities and are likely to have smaller 

and less complex operations, with a 

correspondingly smaller set of safeguard 

policies and procedures to document, 

compared to other larger existing 

institutions with multiple affiliates. We 

estimate that it will take a typical newly 

registered unaffiliated institution 

approximately 60 hours to review, 

identify, and document their safeguard 

policies and procedures, for a total of 

60,180 hours for all newly registered 

unaffiliated entities. We expect that half 

of this time would be incurred by inside 

counsel at an hourly rate of $455, and 

half would be by a compliance officer at 

an hourly rate of $400, for a total cost 

of $25,726,950. 

Therefore, we estimate that the total 

annual hourly burden associated with 

the safeguards rule is 65,760 hours at a 

total hourly cost of $28,112,400. We also 

estimate that all covered institutions 

will be respondents each year, for a total 

of 20,309 respondents. 

These estimates of average burden 

hours are made solely for the purposes 

of the Paperwork Reduction Act. An 

agency may not conduct or sponsor, and 

a person is not required to respond to 

a collection of information unless it 

displays a currently valid control 

number. The safeguard rule does not 

require the reporting of any information 

or the filing of any documents with the 

Commission. The collection of 

information required by the safeguard 

rule is mandatory. 

Written comments are invited on: (a) 

Whether the proposed collection of 

information is necessary for the proper 

performance of the functions of the 

Commission, including whether the 

information shall have practical utility; 

(b) the accuracy of the Commission’s 

estimates of the burden of the proposed 

collection of information; (c) ways to 

enhance the quality, utility, and clarity 

of the information collected; 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. 

Consideration will be given to 

comments and suggestions submitted in 

writing within 60 days of this 

publication by May 9, 2022. 


lotter on DSK11XQN23PROD with NOTICES1
Federal Register / Vol. 87, No. 45 / Tuesday, March 8, 2022 / Notices 13027 

1 15 U.S.C. 78k–1(a)(3). 

2 17 CFR 242.608. 

3The Plan was created to enhance the 

effectiveness and efficiency of the national market 

system and to provide for fair competition between 

the self-regulatory organizations that list equity 

securities by establishing a uniform system for the 

selection and reservation of securities symbols. The 

Plan, among other things, sets forth the process for 

securing perpetual and limited-time reservations, 

the use of a waiting list, the right to reuse a symbol 

and the ability to request the release of a symbol. 

4The Plan Participants are BOX Exchange LLC, 

Cboe BYX Exchange, Inc., Cboe BZX Exchange, Inc., 

Cboe C2 Exchange, Inc., Cboe EDGA Exchange, Inc., 

Cboe EDGX Exchange, Inc., Chicago Board Options 

Exchange, Incorporated, Financial Industry 

Regulatory Authority, Investors Exchange LLC, 

Long-Term Stock Exchange, Inc., MEMX LLC, 

Miami International Securities Exchange, LLC, 

MIAX Pearl, LLC, Nasdaq BX, Inc., Nasdaq ISE, 

LLC, Nasdaq PHLX LLC, Nasdaq, New York Stock 

Exchange LLC, NYSE American LLC, NYSE Arca, 

Inc., NYSE Chicago, Inc., and NYSE National, Inc. 

5 17 CFR 242.608(b)(2). 

6On November 6, 2008, the Commission 

approved the Symbology Plan that was originally 

proposed by the Chicago Stock Exchange, Inc. 

(‘‘CHX’’), The Nasdaq Stock Market, Inc. (n/k/a The 

Nasdaq Stock Market LLC) (‘‘Nasdaq’’), National 

Association of Securities Dealers, Inc. (‘‘NASD’’) (n/ 

k/a Financial Industry Regulatory Authority, Inc. 

(‘‘FINRA’’)), National Stock Exchange, Inc. (‘‘NSX’’) 

(n/k/a NYSE National, Inc. (‘‘NYSE National’’)), and 

Philadelphia Stock Exchange, Inc. (n/k/a Nasdaq 

PHLX LLC (‘‘Phlx’’)), subject to certain changes. See 

Securities Exchange Act Release No. 58904, 73 FR 

67218 (November 13, 2008) (File No. 4–533). 

7On November 18, 2008, ISE filed with the 

Commission an amendment to the Plan to add ISE 

as a member to the Plan. See Securities and 

Exchange Act Release No. 59024 (November 26, 

2008), 73 FR 74538 (December 8, 2008) (File No. 4– 

533). On December 22, 2008, NYSE, NYSE Arca, 

and NYSE Alternext (n/k/a NYSE American) 

(‘‘NYSE Group Exchanges’’), and Cboe filed with 

the Commission amendments to the Plan to add the 

NYSE Group Exchanges and Cboe as members to 

the Plan. See Securities Exchange Act Release No. 

59162 (December 24, 2008), 74 FR 132 (January 2, 

2009) (File No. 4–533). On December 24, 2008, BSE 

(n/k/a BX) filed with the Commission an 

amendment to the Plan to add BSE as a member to 

the Plan. See Securities Exchange Act Release No. 

59187 (December 30, 2008), 74 FR 729 (January 7, 

2009) (File No. 4–533). On September 30, 2009, 

BATS (n/k/a CboeBZX) filed with the Commission 

an amendment to the Plan to add BATS as a 

member to the Plan. See Securities Exchange Act 

Release No. 60856 (October 21, 2009), 74 FR 55276 

(October 27, 2009) (File No. 4–533). On July 7, 

2010, EDGA (n/k/a CboeEDGA) and EDGX (n/k/a 

CboeEDGX) filed with the Commission an 

amendment to the Plan to add EDGA and EDGX, 

each as a party to the Symbology Plan. See 

Securities Exchange Act Release No. 62573 (July 26, 

2010), 75 FR 45682 (August 3, 2010) (File No. 4– 

533). On May 7, 2012, BOX filed with the 

Continued 

Please direct your written comments 

to David Bottom, Director/Chief 

Information Officer, Securities and 

Exchange Commission, C/O John 

Pezzullo, 100 F Street NE, Washington, 

DC 20549; or send an email to: PRA_

Mailbox@sec.gov. 

Dated: March 3, 2022. 

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2022–04891 Filed 3–7–22; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[SEC File No. 270–105, OMB Control No. 

3235–0121] 

Proposed Collection; Comment 

Request 

Upon Written Request Copies Available 

From: Securities and Exchange 

Commission, Office of FOIA Services, 

100 F Street NE, Washington, DC 

20549–2736 

Extension: 

Form 18 

Notice is hereby given that, pursuant 

to the Paperwork Reduction Act of 1995 

(44 U.S.C. 3501 et seq.), the Securities 

and Exchange Commission 

(‘‘Commission’’) is soliciting comments 

on the collection of information 

summarized below. The Commission 

plans to submit this existing collection 

of information to the Office of 

Management and Budget for extension 

and approval. 

Form 18 (17 CFR 249.218) is a 

registration form used by a foreign 

government or political subdivision to 

register securities for listing on a U.S. 

exchange. The information collected is 

intended to ensure that the information 

required by the Commission to be filed 

permits verification of compliance with 

securities law requirements and assures 

the public availability of the 

information. Form 18 takes 

approximately 8 hours per response and 

is filed by approximately 5 respondents 

for a total of 40 annual burden hours (8 

hours per response × 5 responses). 

Written comments are invited on: (a) 

Whether this proposed collection of 

information is necessary for the proper 

performance of the functions of the 

agency, including whether the 

information will have practical utility; 

(b) the accuracy of the agency’s estimate 

of the burden imposed by the collection 

of information; (c) ways to enhance the 

quality, utility, and clarity of the 

information collected; 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. Consideration will be given 

to comments and suggestions submitted 

in writing within 60 days of this 

publication by May 9, 2022. 

An agency may not conduct or 

sponsor, and a person is not required to 

respond to, a collection of information 

unless it displays a currently valid 

control number. 

Please direct your written comment to 

David Bottom, Director/Chief 

Information Officer, Securities and 

Exchange Commission, c/o John 

Pezzullo, 100 F Street NE, Washington, 

DC 20549 or send an email to: PRA_

Mailbox@sec.gov. 

Dated: March 2, 2022. 

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2022–04794 Filed 3–7–22; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–94351; File No. 4–533] 

Joint Industry Plan; Notice of Filing of 

Amendment No. 4 to the National 

Market System Plan for the Selection 

and Reservation of Securities Symbols 

March 2, 2022. 

Pursuant to Section 11A of the 

Securities Exchange Act of 1934 

(‘‘Act’’) 1 and Rule 608 thereunder,2

notice is hereby given that on February 

11, 2022, The Nasdaq Stock Market LLC 

(‘‘Nasdaq’’), on behalf of participants to 

the National Market System Plan for the 

Selection and Reservation of Securities 

Symbols (‘‘Symbology Plan’’ or ‘‘Plan’’) 

filed with the Securities and Exchange 

Commission (‘‘Commission’’) a proposal 

to amend the Symbology Plan.3 The 

proposal represents the fourth 

substantive amendment to the Plan 

(‘‘Amendment’’) and reflects changes 

unanimously approved by the Plan 

participants (‘‘Participants’’).4 The 

Amendment proposes to, among other 

things, eliminate certain Plan processor 

costs, release perpetual reservations, 

increase the number of limited-time 

symbol reservations, modify the waitlist 

provisions, and clarify the portability of 

symbol reservations. 

The proposed Amendment has been 

filed by the Participants pursuant to 

Rule 608(b)(2) under Regulation NMS.5

The Commission is publishing this 

notice to solicit comments on the 

proposed Amendment from interested 

persons. Sections I and II contain 

statements that were prepared and 

submitted to the Commission by the 

Participants about the purpose of the 

Amendment, along with information 

pursuant to Rule 608(a) under the Act. 

I. Rule 608(a) 

A. Purpose of the Amendment 

Since the Symbology Plan was 

originally approved,6 it has been 

modified several times to add additional 

participants.7 The plan participants now 


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