19722 Federal Register / Vol. 87, No. 65 / Tuesday, April 5, 2022 / Notices 

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

2 15 U.S.C. 78a. 

3 17 CFR 240.19b–4. 

4Access to the Trading Floor is restricted at each 

entrance by turnstiles and only authorized visitors, 

members or member firm employees are permitted 

to enter. 

5See NYSE Rule 6A. The term ‘‘Trading Floor’’ 

is distinct from the term ‘‘Floor.’’ The term ‘‘Floor’’ 

means the trading Floor of the Exchange and the 

premises immediately adjacent thereto, such as the 

various entrances and lobbies of the 11 Wall Street, 

18 New Street, 8 Broad Street, 12 Broad Street and 

18 Broad Street Buildings, and also means the 

telephone facilities available in these locations. See 

NYSE Rule 6. 

6See id. See also Securities Exchange Act Release 

Nos. 59479 (March 2, 2009), 74 FR 10325 (March 

10, 2009) (SR–NYSE–2009–23) (Notice of filing 

adopting NYSE Rule 6A and explaining that the 

proposed definition of ‘‘Trading Floor’’ will provide 

a more accurate description of the physical areas of 

the Floor where trading is actually conducted); and 

78855 (September 15, 2016), 81 FR 64966 

(September 21, 2016) (SR–NYSE–2016–31) 

(Approval of filing amending Rule 6A renaming the 

physical area formerly known as the ‘‘Garage’’ to 

the ‘‘Buttonwood Room’’ and excluding the 

physical area within fully enclosed telephone 

booths located in 18 Board Street from the 

definition of Trading Floor) (‘‘2016 Filing’’)). 

7See 2016 Filing, 81 FR at 64966. 

8See Rule 104(j). 

9 15 U.S.C. 78f(b)(5). 

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 at 

Secretarys-Office@sec.gov. 

ADDRESSES: The Commission: 

Secretarys-Office@sec.gov. Applicants: 

John Sullivan, sullivan.john.I@

principal.com. 

FOR FURTHER INFORMATION CONTACT: 

Terri Jordan, Branch Chief, at (202) 551– 

6825 (Division of Investment 

Management, Chief Counsel’s Office). 

SUPPLEMENTARY INFORMATION: For 

Applicants’ representations, legal 

analysis, and conditions, please refer to 

Applicants’ application, dated February 

9, 2022, which may be obtained via the 

Commission’s website by searching for 

the file number at the top of this 

document, or for an Applicant using the 

Company name search field, on the 

SEC’s EDGAR system. The SEC’s 

EDGAR system may be searched at, at 

http://www.sec.gov/edgar/searchedgar/ 

legacy/companysearch.html. You may 

also call the SEC’s Public Reference 

Room at (202) 551–8090. 

For the Commission, by the Division of 

Investment Management, under delegated 

authority. 

Dated: March 30, 2022. 

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2022–07077 Filed 4–4–22; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–94558; File No. SR–NYSE– 

2022–15] 

Self-Regulatory Organizations; New 

York Stock Exchange LLC; Notice of 

Filing and Immediate Effectiveness of 

Proposed Rule Change To Amend 

NYSE Rule 6A 

March 30, 2022. 

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

Securities Exchange Act of 1934 (the 

‘‘Act’’) 2 and Rule 19b–4 thereunder,3

notice is hereby given that on March 24, 

2022, New York Stock Exchange LLC 

(‘‘NYSE’’ or 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 selfregulatory organization. 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 

The Exchange proposes to amend 

NYSE Rule 6A (‘‘Trading Floor’’) to 

exclude from the definition of Trading 

Floor the presence of fully enclosed 

telephone booths located in 18 Broad 

Street. The proposed rule change is 

available on the Exchange’s website at 

www.nyse.com, at the principal office of 

the Exchange, and at the Commission’s 

Public Reference Room. 

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 

self-regulatory organization 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 those 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 parts of such 

statements. 

A. Self-Regulatory Organization’s 

Statement of the Purpose of, and the 

Statutory Basis for, the Proposed Rule 

Change 

1. Purpose 

The Exchange proposes to amend 

NYSE Rule 6A (‘‘Trading Floor’’) to 

exclude from the definition of ‘‘Trading 

Floor’’ the presence of fully enclosed 

telephone booths located in 18 Broad 

Street. 

The Exchange currently defines 

‘‘Trading Floor’’ 4 in Rule 6A(a) to mean 

the restricted-access physical areas 

designated by the Exchange for the 

trading of securities, commonly known 

as the ‘‘Main Room’’ and the 

‘‘Buttonwood Room.’’ 5 Rule 6A(b) 

currently specifies that the Exchange’s 

Trading Floor does not include (i) areas 

designated by the Exchange where 

NYSE American-listed options are 

traded, commonly known as the 

‘‘Buttonwood Room,’’ which, for the 

purposes of the Exchange’s Rules, are 

referred to as the ‘‘NYSE American 

Options Trading Floor,’’ or (ii) the 

physical area within fully enclosed 

telephone booths located in 18 Broad 

Street at the Southeast wall of the 

Trading Floor.6

The telephone booths were installed 

in 2016 to facilitate communication by 

DMMs with issuers but can be used by 

anyone on the Trading Floor.7 The 

telephone booths, however, have been 

underutilized. As a result, the Exchange 

has determined to completely remove 

the telephone booths at 18 Broad Street. 

To reflect this change, the Exchange 

proposes to delete the phrase ‘‘the 

physical area within fully enclosed 

telephone booths located in 18 Broad 

Street at the Southeast wall of the 

Trading Floor’’ from Rule 6A(b). The 

Exchange does not anticipate that 

removal of the telephone booths will in 

any way impede a DMM’s obligation to 

regularly communicate with their listed 

issuers.8

Once the telephone booths are 

removed, the area where the telephone 

booths are located will again be a part 

of the Trading Floor and would fall 

within the broader definition of Floor 

under Exchange rules. The Exchange 

will thus retain jurisdiction in this area 

to regulate conduct that is inconsistent 

with Exchange Rules and the federal 

securities laws and rules thereunder. 

2. Statutory Basis 

The Exchange believes that the 

proposed rule changes are consistent 

with, and further the objectives of, 

Section 6(b)(5) of the Securities 

Exchange Act of 1934 9 (the ‘‘Act’’), in 

that they are designed to prevent 

fraudulent and manipulative acts and 

practices, to promote just and equitable 

principles of trade, to remove 

impediments to and perfect the 

mechanism of a free and open market 

and a national market system and, in 

general, to protect investors and the 

public interest. The proposed rule 


jspears on DSK121TN23PROD with NOTICES1
Federal Register / Vol. 87, No. 65 / Tuesday, April 5, 2022 / Notices 19723 

10 15 U.S.C. 78s(b)(3)(A)(iii). 

11 17 CFR 240.19b–4(f)(6). 

12 17 CFR 240.19b–4(f)(6). 

13 17 CFR 240.19b–4(f)(6)(iii). 

14 15 U.S.C. 78s(b)(2)(B). 15 17 CFR 200.30–3(a)(12). 

change would exclude from the 

definition of Trading Floor the presence 

of fully-enclosed telephone booths that 

are located on the perimeter of the 

Trading Floor. The Exchange believes 

that excluding the presence of these 

telephone booths from the definition of 

Trading Floor is designed to prevent 

fraudulent and manipulative acts and 

practices and to promote just and 

equitable principles of trade because the 

area where the telephone booths are 

located will once again become a part of 

the Trading Floor and thus allow the 

Exchange to regulate conduct that is 

inconsistent with Exchange Rules and 

the federal securities laws and rules 

thereunder. The Exchange also believes 

that the proposed change would protect 

investors and the public interest 

because removing reference to 

telephone booths from the definition of 

Trading Floor would make the 

Exchange’s rulebook more transparent 

and facilitate market participants’ 

understanding of the rules applicable to 

them. 

B. Self-Regulatory Organization’s 

Statement on Burden on Competition 

The Exchange does not believe that 

the proposed rule changes will impose 

any burden on competition that is not 

necessary or appropriate in furtherance 

of the purposes of the Act. The 

proposed rule change is not designed to 

address any issues relating to 

competition. Rather, the proposed rule 

change would remove the physical area 

where telephone booths are located 

from the definition of Trading Floor and 

revert jurisdiction in that area back to 

the Exchange. 

C. Self-Regulatory Organization’s 

Statement on Comments on the 

Proposed Rule Change Received From 

Members, Participants, or Others 

No written comments were solicited 

or received with respect to the proposed 

rule change. 

III. Date of Effectiveness of the 

Proposed Rule Change and Timing for 

Commission Action 

The Exchange has filed the proposed 

rule change pursuant to Section 

19(b)(3)(A)(iii) of the Act 10 and Rule 

19b–4(f)(6) thereunder.11 Because the 

proposed rule change does not: (i) 

Significantly affect the protection of 

investors or the public interest; (ii) 

impose any significant burden on 

competition; and (iii) become operative 

prior to 30 days from the date on which 

it was filed, or such shorter time as the 

Commission may designate, if 

consistent with the protection of 

investors and the public interest, the 

proposed rule change has become 

effective pursuant to Section 19(b)(3)(A) 

of the Act and Rule 19b–4(f)(6)(iii) 

thereunder. 

A proposed rule change filed under 

Rule 19b–4(f)(6) 12 normally does not 

become operative prior to 30 days after 

the date of the filing. However, pursuant 

to Rule 19b–4(f)(6)(iii),13 the 

Commission may designate a shorter 

time if such action is consistent with the 

protection of investors and the public 

interest. 

At any time within 60 days of the 

filing of such proposed rule change, the 

Commission summarily may 

temporarily suspend such rule change if 

it appears to the Commission that such 

action is necessary or appropriate in the 

public interest, for the protection of 

investors, or otherwise in furtherance of 

the purposes of the Act. If the 

Commission takes such action, the 

Commission shall institute proceedings 

under Section 19(b)(2)(B) 14 of the Act to 

determine whether the proposed rule 

change should be approved or 

disapproved. 

IV. Solicitation of Comments 

Interested persons are invited to 

submit written data, views, and 

arguments concerning the foregoing, 

including whether the proposed rule 

change is consistent with the Act. 

Comments may be submitted by any of 

the following methods: 

Electronic Comments 

• Use the Commission’s internet 

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

rules/sro.shtml); or 

• Send an email to rule-comments@

sec.gov. Please include File Number SR– 

NYSE–2022–15 on the subject line. 

Paper Comments 

• Send paper comments in triplicate 

to Secretary, Securities and Exchange 

Commission, 100 F Street NE, 

Washington, DC 20549–1090. 

All submissions should refer to File 

Number SR–NYSE–2022–15. This file 

number should be included on the 

subject line if email is used. To help the 

Commission process and review your 

comments more efficiently, please use 

only one method. The Commission will 

post all comments on the Commission’s 

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

rules/sro.shtml). Copies of the 

submission, all subsequent 

amendments, all written statements 

with respect to the proposed rule 

change that are filed with the 

Commission, and all written 

communications relating to the 

proposed rule change between the 

Commission and any person, other than 

those that may be withheld from the 

public in accordance with the 

provisions of 5 U.S.C. 552, will be 

available for website viewing and 

printing in the Commission’s Public 

Reference Room, 100 F Street NE, 

Washington, DC 20549, on official 

business days between the hours of 

10:00 a.m. and 3:00 p.m. Copies of the 

filing also will be available for 

inspection and copying at the principal 

office of the Exchange. 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. All 

submissions should refer to File 

Number SR–NYSE–2022–15 and should 

be submitted on or before April 26, 

2022. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.15

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2022–07080 Filed 4–4–22; 8:45 am] 

BILLING CODE 8011–01–P 

SMALL BUSINESS ADMINISTRATION 

Interest Rates 

The Small Business Administration 

publishes an interest rate called the 

optional ‘‘peg’’ rate (13 CFR 120.214) on 

a quarterly basis. This rate is a weighted 

average cost of money to the 

government for maturities similar to the 

average SBA direct loan. This rate may 

be used as a base rate for guaranteed 

fluctuating interest rate SBA loans. This 

rate will be 2.00 percent for the April— 

June quarter of FY 2022. 

Pursuant to 13 CFR 120.921(b), the 

maximum legal interest rate for any 

third party lender’s commercial loan 

which funds any portion of the cost of 

a 504 project (see 13 CFR 120.801) shall 

be 6% over the New York Prime rate or, 

if that exceeds the maximum interest 

rate permitted by the constitution or 

laws of a given State, the maximum 

interest rate will be the rate permitted 


jspears on DSK121TN23PROD with NOTICES1