Federal Register / Vol. 89, No. 238 / Wednesday, December 11, 2024 / Notices 99923 

50 17 CFR 240.17ad–25. 

51 17 CFR 240.17ad–25. 

52 17 CFR 240.17ad–25. 

53Securities Exchange Act Release No. 98959 

(Nov. 16, 2023), 88 FR 84454 (Dec. 5, 2023) (File 

No. S7–21–22) (explaining that the compliance date 

for Rule 17Ad–25 is December 5, 2024, except that 

the compliance date for the independence 

requirements of the board and board committees in 

Rules 17Ad–25(b)(1), (c)(2), and (e) is December 5, 

2025). 

54 15 U.S.C. 78s(b)(2). 

55 15 U.S.C. 78q–1(b)(3)(F). 

56 17 CFR 240.17Ad–22(e)(2) and 17 CFR 

240.17ad–25. 

57 In approving the proposed rule change, the 

Commission considered the proposal’s impacts on 

efficiency, competition, and capital formation. 15 

U.S.C. 78c(f). 58 17 CFR 200.30–3(a)(12). 

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

2 17 CFR 240.19b–4. 

written evaluation process; fitness 

standards; and standards for the 

evaluation of the independence of 

nominees and directors.50 The proposed 

rule change would establish a 

Nominating Committee, make the 

Nominating Committee responsible for 

evaluating and recommending 

individuals to be potential members of 

the Board, and augment ICC’s existing 

independence standards to be consistent 

with Rule 17Ad–25.51 Based on the 

foregoing, and as discussed above, the 

proposed rule change is consistent with 

the requirements of Rule 17Ad–25 

under the Act.52

The compliance date for Rule 17Ad– 

25 generally is December 5, 2024.53

Approving the proposed rule change on 

an accelerated basis will allow ICC to 

establish, among other things, a 

nominating committee and additional 

independence standards, by this 

compliance date. Accordingly, the 

Commission finds good cause to 

approve the proposed rule change on an 

accelerated basis prior to the 30th day 

after the date of publication of notice of 

filing of the proposed rule change in the 

Federal Register, pursuant to Section 

19(b)(2) of the Act.54

VI. Conclusion 

On the basis of the foregoing, the 

Commission finds that the proposed 

rule change is consistent with the 

requirements of the Act, and in 

particular, Sections 17A(b)(3)(A) and (F) 

of the Act 55 and Rules 17Ad–22(e)(2) 

and 17Ad–25.56

It is therefore ordered pursuant to 

Section 19(b)(2) of the Act that the 

proposed rule change (SR–ICC–2024– 

010) be, and hereby is, approved on an 

accelerated basis.57

For the Commission by the Division of 

Trading and Markets, pursuant to delegated 

authority.58

Sherry R. Haywood, 

Assistant Secretary. 

[FR Doc. 2024–29038 Filed 12–10–24; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[SEC File No. 270–662, OMB Control No. 

3235–0720] 

Submission for OMB Review; 

Comment Request; Extension: Form 

1–K 

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 

(‘‘Commission’’) has submitted to the 

Office of Management and Budget this 

request for extension of the previously 

approved collection of information 

discussed below. 

Form 1–K (17 CFR 239.91) is used to 

file annual reports by Tier 2 issuers 

under Regulation A, an exemption from 

registration under the Securities Act of 

1933 (15 U.S.C. 77a et seq.). Tier 2 

issuers under Regulation A conducting 

offerings of up to $50 million within a 

12-month period are required to file 

Form 1–K. Form 1–K provides audited 

year-end financial statements and 

information about the issuer’s business 

operation, ownership, management, 

liquidity, capital resources and 

operations on an annual basis. In 

addition, Part I of the Form 1–K collects 

information on any offerings under 

Regulation A that have been terminated 

or completed unless it has been 

previous reported on Form 1–Z. The 

purpose of the Form 1–K is to better 

inform the public about companies that 

have conducted Tier 2 offerings under 

Regulation A. We estimate that 

approximately 353 issuers file Form 1– 

K annually. We estimate that Form 1– 

K takes approximately 600 hours to 

prepare. We estimate that 75% of the 

600 hours per response (450 hours) is 

prepared by the company for a total 

annual burden of 158,850 hours (450 

hours per response × 353 responses). 

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. 

Public Comment Instructions: The 30- 

day public comment period for this 

information collection request opens on 

December 12, 2024 and closes at the end 

of the day on January 13, 2025. The 

public may view the full information 

request and submit comments at https:// 

www.reginfo.gov/public/do/ 

PRAViewICR?ref_nbr=202412-3235-004 

or email comments to 

MBX.OMB.OIRA.SEC_desk_officer@

omb.eop.gov. 

Dated: December 5, 2024. 

Sherry R. Haywood, 

Assistant Secretary. 

[FR Doc. 2024–29024 Filed 12–10–24; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–101828; File No. SR–Phlx– 

2024–65] 

Self-Regulatory Organizations; Nasdaq 

PHLX, LLC; Notice of Filing and 

Immediate Effectiveness of Proposed 

Rule Change To Amend Equity 4, Rule 

3304 Concerning Data Feeds Utilized 

December 5, 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 

25, 2024, Nasdaq PHLX, LLC (‘‘Phlx’’ or 

‘‘Exchange’’) filed with the Securities 

and Exchange Commission (‘‘SEC’’ or 

‘‘Commission’’) the 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 

Equity 4, Rule 3304 (Data Feeds 

Utilized) to change the primary and 

secondary source of quotation data of 

certain market centers in the list of 

proprietary and network processor feeds 

that the Exchange utilizes for the 

handling, routing, and execution of 

orders as well as regulatory compliance 

processes related to those functions. 

The text of the proposed rule change 

is available on the Exchange’s website at 

https://listingcenter.nasdaq.com/ 

rulebook/nasdaq/rules, at the principal 


lotter on DSK11XQN23PROD with NOTICES1