95300 Federal Register / Vol. 89, No. 231 / Monday, December 2, 2024 / Notices 

1See generally Money Market Fund Reform; 

Amendments to Form PF, Securities Act Release 

No. 9408, Investment Advisers Act Release No. 

3616, Investment Company Act Release No. 30551 

(June 5, 2013), 78 FR 36834, 36934 (June 19, 2013); 

see also Exchange Act Rule 10b–10(b)(1), 17 CFR 

240.10b–10(b)(1) (limiting alternative monthly 

reporting to money market funds that attempt to 

maintain a stable NAV). 

2See Order Granting a Conditional Exemption 

Under the Securities Exchange Act of 1934 From 

the Confirmation Requirements of Exchange Act 

Rule 10b–10(a) for Certain Transactions in Money 

Market Funds, Exchange Act Release No. 34–76480 

(Nov. 19, 2015), 80 FR 73849 (Nov. 25, 2015). 

100 F Street NE, Washington, DC 

20549–2736. 

Notice is hereby given that pursuant 

to the Paperwork Reduction Act of 1995 

(‘‘PRA’’) (44 U.S.C. 3501 et seq.), the 

Securities and Exchange Commission 

(‘‘Commission’’) is soliciting comments 

on the existing collection of information 

provided for in the Order Granting a 

Conditional Exemption under the 

Securities Exchange Act of 1934 from 

the Confirmation Requirements of 

Exchange Act Rule 10b–10(a) for Certain 

Transactions in Money Market Funds 

(17 CFR 240.10b–10(a)). The 

Commission plans to submit this 

existing collection of information to the 

Office of Management and Budget 

(‘‘OMB’’) for extension and approval. 

Rule 10b–10 under the Securities 

Exchange Act of 1934 (‘‘Exchange Act’’) 

(15 U.S.C. 78a et seq.) generally requires 

broker-dealers to provide customers 

with specified information relating to 

their securities transactions at or before 

the completion of the transactions. 

Exchange Act Rule 10b–10(b), however, 

provides an exception from this 

requirement for certain transactions in 

money market funds that attempt to 

maintain a stable net asset value when 

no sales load or redemption fee is 

charged. The exception permits brokerdealers to provide transaction 

information to money market fund 

shareholders on a monthly, rather than 

immediate, basis, subject to the 

conditions. Amendments to Rule 2a–7 

(17 CFR 270.2a–7) of the Investment 

Company Act of 1940 (‘‘Investment 

Company Act’’) (15 U.S.C. 80a–1 et seq.) 

among other things, means, absent an 

exemption, broker-dealers would not be 

able to continue to rely on the exception 

under Exchange Act Rule 10b–10(b) for 

transactions in money market funds 

operating in accordance with 

Investment Company Act Rule 2a– 

7(c)(1)(ii).1

In 2015, the Commission issued an 

Order Granting a Conditional 

Exemption under the Securities 

Exchange Act of 1934 From The 

Confirmation Requirements of Exchange 

Act Rule 10b–10(a) For Certain 

Transactions In Money Market Funds 

(‘‘Order’’) 2 which allows broker-dealers, 

subject to certain conditions, to provide 

transaction information to investors in 

any money market fund operating 

pursuant to Investment Company Act 

Rule 2a–7(c)(1)(ii) on a monthly basis in 

lieu of providing immediate 

confirmations as required under 

Exchange Act Rule 10b–10(a) (‘‘the 

Exemption’’). Accordingly, to be eligible 

for the Exemption, a broker-dealer must 

(1) provide an initial written 

notification to the customer of its ability 

to request delivery of immediate 

confirmations consistent with the 

written notification requirements of 

Exchange Act Rule 10b–10(a), and (2) 

not receive any such request to receive 

immediate confirms from the customer. 

As of December 31, 2023, the 

Commission estimates there are 

approximately 206 broker-dealers that 

clear customer transactions or carry 

customer funds and securities who 

would be responsible for providing 

customer confirmations. The 

Commission estimates that the cost of 

the ongoing notification requirements 

would be minimal, approximately 5% of 

the initial burden which was previously 

estimated to be 36 hours per brokerdealer, or approximately 1.8 hours per 

broker-dealer per year, to provide 

ongoing notifications, or a total burden 

of approximately 371 hours annually for 

the 206 carrying broker-dealers. 

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 by 

January 31, 2025. 

An agency may not conduct or 

sponsor, and a person is not required to 

respond to, a collection of information 

under the PRA unless it displays a 

currently valid OMB control number. 

Please direct your written comments 

to: Austin Gerig, Director/Chief Data 

Officer, Securities and Exchange 

Commission, c/o Tanya Ruttenberg, 100 

F Street NE, Washington, DC 20549, or 

send an email to: PRA_Mailbox@

sec.gov. 

Dated: November 25, 2024. 

Vanessa A. Countryman, 

Secretary. 

[FR Doc. 2024–28123 Filed 11–29–24; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[SEC File No. 270–028, OMB Control No. 

3235–0032] 

Submission for OMB Review; 

Comment Request; Extension: Rule 

17f–1(b) 

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 

(‘‘PRA’’) (44 U.S.C. 3501 et seq.), the 

Securities and Exchange Commission 

(‘‘Commission’’) has submitted to the 

Office of Management and Budget 

(‘‘OMB’’) a request for approval of 

extension of the previously approved 

collection of information provided for in 

Rule 17f–1(b) (17 CFR 240.17f–1(b)), 

under the Securities Exchange Act of 

1934 (15 U.S.C. 78a et seq.). 

Under Rule 17f–1(b) under the 

Exchange Act, approximately 9,500 

entities in the securities industry are 

registered in the Lost and Stolen 

Securities Program (‘‘Program’’). 

Registration fulfills a statutory 

requirement that entities report and 

inquire about missing, lost, counterfeit, 

or stolen securities. Registration also 

allows entities in the securities industry 

to gain access to a confidential database 

that stores information for the Program. 

The Commission staff estimates that 4 

new entities will register in the Program 

each year. The staff estimates that the 

average number of hours necessary to 

comply with Rule 17f–1(b) is one-half 

hour. Accordingly, the staff estimates 

that the total annual burden for all 

participants is 2 hours (4 × one-half 

hour). The Commission staff estimates 

that compliance staff work at subject 

entities results in an internal cost of 

compliance, at an estimated hourly 

wage of $344, of $172 per year per entity 

(.5 hours × $344 per hour = $172 per 

year). Therefore, the aggregate annual 

internal cost of compliance is 

approximately $688 ($172 × 4= $688). 

An agency may not conduct or 

sponsor, and a person is not required to 

respond to, a collection of information 

under the PRA unless it displays a 

currently valid OMB control number. 

The 30-day public comment period 

for this information collection request 


ddrumheller on DSK120RN23PROD with NOTICES1
Federal Register / Vol. 89, No. 231 / Monday, December 2, 2024 / Notices 95301 

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

2 17 CFR 240.19b–4. 

3See Securities Exchange Act Release No. 101306 

(Oct. 10, 2024), 89 FR 83738. Comments on the 

proposed rule change are available at: https://

www.sec.gov/comments/sr-nyse-2024-48/ 

srnyse202448.htm. 

4 15 U.S.C. 78s(b)(2). 

5 15 U.S.C. 78s(b)(2). 

6 17 CFR 200.30–3(a)(31). 

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

2 17 CFR 240.19b–4. 

3The Exchange notes that its affiliate exchanges, 

MIAX Options and MIAX Pearl, submitted 

substantively identical proposals. The Exchange 

notes that all the rules of Chapter III of the MIAX 

Options Exchange, including Rules 307 and 309, are 

incorporated by reference to MIAX Pearl and MIAX 

Sapphire. The Exchange also notes that all of the 

rules of Chapter III of the MIAX Options Exchange, 

including Rules 307 and 309, and the rules of 

Chapter IV of the MIAX Options Exchange, 

including Rule 402, are incorporated by reference 

to MIAX Emerald. 

4On January 10, 2024, the Commission approved 

proposals by NYSE Arca, Inc., The Nasdaq Stock 

Market LLC, and Cboe BZX Exchange, Inc. to list 

and trade the shares of 11 bitcoin-based 

commodity-based trust shares and trust units, 

including the iShares Bitcoin Trust. See Securities 

Exchange Act Release No. 99306 (Jan. 10, 2024), 89 

Continued 

opens on December 3, 2024 and ends on 

January 2, 2025. View the full 

information request and submit 

comments at https://www.reginfo.gov/ 

public/do/PRAViewICR?ref_

nbr=202409-3235-016 or email 

comments to MBX.OMB.OIRA.SEC_

desk_officer@omb.eop.gov. 

Dated: November 25, 2024. 

Vanessa A. Countryman, 

Secretary. 

[FR Doc. 2024–28124 Filed 11–29–24; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–101746; File No. SR–NYSE– 

2024–48] 

Self-Regulatory Organizations; New 

York Stock Exchange LLC; Notice of 

Designation of a Longer Period for 

Commission Action on a Proposed 

Rule Change to Amend Section 

802.01C of the NYSE Listed Company 

Manual (Price Criteria for Capital or 

Common Stock) To Restrict the Use of 

Reverse Stock Splits in Certain 

Circumstances 

November 25, 2024. 

On September 30, 2024, New York 

Stock Exchange LLC (‘‘NYSE’’) filed 

with the Securities and Exchange 

Commission (‘‘Commission’’), pursuant 

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

Exchange Act of 1934 (‘‘Act’’) 1 and Rule 

19b–4 thereunder,2 a proposed rule 

change to amend Section 802.01C (Price 

Criteria for Capital or Common Stock) of 

the NYSE Listed Company Manual to 

provide that (i) a company that falls 

below the price criteria set forth therein 

and effects a reverse stock split to regain 

compliance will not be eligible for a 

compliance period in certain 

circumstances, and (ii) a company may 

not effectuate a reverse stock split if it 

would result in the company falling 

below continued listing requirements. 

The proposed rule change was 

published for comment in the Federal 

Register on October 17, 2024.3

Section 19(b)(2) of the Act 4 provides 

that within 45 days of the publication of 

notice of the filing of a proposed rule 

change, or within such longer period up 

to 90 days as the Commission may 

designate if it finds such longer period 

to be appropriate and publishes its 

reasons for so finding, or as to which the 

self-regulatory organization consents, 

the Commission will either approve the 

proposed rule change, disapprove the 

proposed rule change, or institute 

proceedings to determine whether the 

proposed rule change should be 

disapproved. The 45th day after 

publication of the notice for this 

proposed rule change is December 1, 

2024. The Commission is extending this 

45-day time period. 

The Commission finds it appropriate 

to designate a longer period within 

which to take action on the proposed 

rule change, so that it has sufficient time 

to consider the proposed rule change 

and comments received. Accordingly, 

the Commission, pursuant to Section 

19(b)(2) of the Act,5 designates January 

15, 2025, as the date by which the 

Commission shall either approve or 

disapprove, or institute proceedings to 

determine whether to disapprove, the 

proposed rule change (File No. SR– 

NYSE–2024–48). 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.6

Vanessa A. Countryman, 

Secretary. 

[FR Doc. 2024–28116 Filed 11–29–24; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–101730; File No. SR– 

SAPPHIRE–2024–38] 

Self-Regulatory Organizations; MIAX 

Sapphire, LLC; Notice of Filing and 

Immediate Effectiveness of a Proposed 

Rule Change To Amend Exchange 

Rule 402, Criteria for Underlying 

Securities To List and Trade Options 

on the Fidelity Wise Origin Bitcoin 

Fund (the ‘‘Fidelity Fund’’) and the ARK 

21Shares Bitcoin ETF (the ‘‘ARK 21 

Fund’’) 

November 25, 2024. 

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

Securities Exchange Act of 1934 

(‘‘Act’’) 1 and Rule 19b–4 thereunder,2

notice is hereby given that on November 

21, 2024, MIAX Sapphire, LLC 

(‘‘Exchange’’) filed with the Securities 

and Exchange Commission 

(‘‘Commission’’) a proposed rule change 

as described in Items I and II below, 

which Items have been prepared by the 

Exchange. 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 

Exchange Rule 402, Criteria for 

Underlying Securities. The text of the 

proposed rule change is available on the 

Exchange’s website at https://

www.miaxglobal.com/markets/usoptions/miax-sapphire/rule-filings, at 

the Exchange’s principal office, 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 

Exchange 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 these 

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 aspects of such 

statements. 

A. Self-Regulatory Organization’s 

Statement of the Purpose of, and 

Statutory Basis for, the Proposed Rule 

Change 

1. Purpose 

The Exchange proposes to amend 

Exchange Rule 402, Criteria for 

Underlying Securities,3 to allow the 

Exchange to list and trade options on 

Fidelity Wise Origin Bitcoin Fund (the 

‘‘Fidelity Fund’’) and the ARK 21Shares 

Bitcoin ETF (the ‘‘ARK 21 Fund’’ and, 

with the Fidelity Fund, the ‘‘Bitcoin 

Funds’’), designating the Bitcoin Funds 

as appropriate for options trading on the 

Exchange.4 This is a competitive filing 


ddrumheller on DSK120RN23PROD with NOTICES1