101082 Federal Register / Vol. 89, No. 240 / Friday, December 13, 2024 / Notices 

1 See, e.g., https://www.incorp.com/registeredagent-services/ (as of September 13, 2024, $129 per 

state per year), https://www.wolterskluwer.com/en/ 

solutions/ct-corporation/registered-agent-servicessolutions (as of September 13, 2024, $354 per year), 

and https://www.ailcorp.com/services/registeredagent (as of September 13, 2024, $149 per year). The 

staff sought websites that provided pricing 

information and a comprehensive description of 

their registered agent services. We calculated our 

estimate by averaging the costs provided on these 

three websites—($129 + $354 + $149) ÷ 3 = $211. 

Entities likely would incur a total 

burden of 10,660 burden hours per year 

to comply with Rules 15Fb1–1 through 

15Fb6–2 and Forms SBSE, SBSE–A, 

SBSE–BD, SBSE–C and SBSE–W. 

In addition, Rules 15Fb1–1 through 

15Fb6–2 and Forms SBSE, SBSE–A, 

SBSE–BD, SBSE–C and SBSE–W may 

impose certain costs on non-resident 

persons that apply to be registered with 

the Commission as SBS Entities, 

including an initial and ongoing costs 

associated with obtaining an opinion of 

counsel indicating that it can, as a 

matter of law, provide the Commission 

with access to its books and records and 

submit to Commission examinations, 

and an ongoing cost associated with 

establishing and maintaining a 

relationship with a U.S. agent for 

service of process. 

The staff estimates, based on internet 

research,1 that it would cost each 

nonresident SBS Entity approximately 

$211 annually to appoint and maintain 

a relationship with a U.S. agent for 

service of process. Consequently, the 

total cost for all nonresident SBS 

Entities to appoint and maintain 

relationships with U.S. agents for 

service of process is approximately 

$5,697 per year. 

Nonresident SBS Entities also would 

incur outside legal costs associated with 

obtaining an opinion of counsel. The 

staff estimates that each of the estimated 

27 non-resident persons that likely will 

apply to register as SBS Entities with 

the Commission would incur, on 

average, approximately $25,000 in 

outside legal costs to obtain the opinion 

of counsel necessary to register, and that 

the total annualized cost for 

Nonresident SBS Entities to obtain this 

opinion of counsel would be 

approximately $225,000. Nonresident 

SBS Entities would also need to obtain 

a revised opinion of counsel after any 

changes in the legal or regulatory 

framework that would impact the SBS 

Entity’s ability to provide, or manner in 

which it provides, the Commission with 

prompt access to its books and records 

or that impacts the Commission’s ability 

to inspect and examine the SBS Entity. 

We do not believe this would occur 

frequently, and therefore estimate that 

one non-resident entity may need to 

recertify annually. Thus, the total 

ongoing cost associated with obtaining a 

revised opinion of counsel regarding the 

new regulatory regime would be 

approximately $25,000 annually. 

Consequently, the total annualized cost 

burden associated with Rules 15Fb1–1 

through 15Fb6–2 and Forms SBSE, 

SBSE–A, SBSE–BD, SBSE–C and SBSE– 

W would be approximately $255,697 

per year. 

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. 

Public Comment Instructions: The 30- 

day public comment period for this 

information collection request opens on 

December 16, 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=202409-3235-024 

or email comments to 

MBX.OMB.OIRA.SEC_desk_officer@

omb.eop.gov. 

Dated: December 9, 2024. 

Sherry R. Haywood, 

Assistant Secretary. 

[FR Doc. 2024–29306 Filed 12–12–24; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[SEC File No. 270–318, OMB Control No. 

3235–0361] 

Submission for OMB Review; 

Comment Request; Extension: Form 

ADV–E 

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’’) has submitted to the 

Office of Management and Budget a 

request for extension of the previously 

approved collection of information 

discussed below. 

Form ADV–E (17 CFR 279.8) is the 

cover sheet for certificates of accounting 

filed pursuant to rule 206(4)–2(a)(4) 

under the Investment Advisers Act of 

1940 (17 CFR 275.206(4)–(2)(a)(4)). The 

rule further requires that the public 

accountant file with the Commission a 

Form ADV–E and accompanying 

statement within four business days of 

the resignation, dismissal, removal from 

consideration for being reappointed, or 

other termination of its engagement. 

The Commission has estimated that 

compliance with the requirement to 

complete Form ADV–E imposes a total 

burden of approximately 0.05 hours (3 

minutes) per respondent. Based on 

current information from advisers 

registered with the Commission, the 

Commission staff estimates that 1,946 

filings will be submitted with respect to 

surprise examinations and 52 filings 

will be submitted with respect to 

termination of accountants. Based on 

these estimates, the total estimated 

annual burden would be 99.90 hours 

((1,946 filings × .05 hours) + (52 filings 

× .05 hours)). 

The information provided on Form 

ADV–E is mandatory. Responses will 

not be kept confidential. An agency may 

not conduct or sponsor a collection of 

information unless it displays a 

currently valid OMB control number. 

No person shall be subject to any 

penalty for failing to comply with a 

collection of information subject to the 

PRA that does not display a valid OMB 

control number. 

Public Comment Instructions: The 30- 

day public comment period for this 

information collection request opens on 

December 16, 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=202409-3235-022 

or email comments to 

MBX.OMB.OIRA.SEC_desk_officer@

omb.eop.gov. 

Dated: December 9, 2024. 

Sherry R. Haywood, 

Assistant Secretary. 

[FR Doc. 2024–29304 Filed 12–12–24; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[SEC File No. 270–017, OMB Control No. 

3235–0017] 

Proposed Collection; Comment 

Request; Extension: Rules 6a–1 and 

6a–2, Form 1 

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’’) is soliciting comments 

on the existing collection of information 


khammond on DSK9W7S144PROD with NOTICES
Federal Register / Vol. 89, No. 240 / Friday, December 13, 2024 / Notices 101083 

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

2 17 CFR 240.19b–4. 

provided for in Rule 6a–1 (17 CFR 

240.6a–1), Rule 6a–2 (17 CFR 240.6a–2), 

and Form 1 (17 CFR 249.1) under the 

Securities Exchange Act of 1934 

(‘‘Exchange Act’’) (15 U.S.C. 78a et seq.). 

The Commission plans to submit this 

existing collection of information to the 

Office of Management and Budget 

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

The Exchange Act sets forth a 

regulatory scheme for national securities 

exchanges. Rule 6a–1 under the 

Exchange Act generally requires an 

applicant for initial registration as a 

national securities exchange to file an 

application with the Commission on 

Form 1. An exchange that seeks an 

exemption from registration based on 

limited trading volume also must apply 

for such exemption on Form 1. Rule 6a– 

2 under the Exchange Act requires 

registered and exempt exchanges: (1) to 

amend the Form 1 if there are any 

material changes to the information 

provided in the initial Form 1; and (2) 

to submit periodic updates of certain 

information provided in the initial Form 

1, whether such information has 

changed or not. The information 

required pursuant to Rules 6a–1 and 6a– 

2 is necessary to enable the Commission 

to maintain accurate files regarding the 

exchange and to exercise its statutory 

oversight functions. Without the 

information submitted pursuant to Rule 

6a–1 on Form 1, the Commission would 

not be able to determine whether the 

respondent has met the criteria for 

registration (or an exemption from 

registration) set forth in Section 6 of the 

Exchange Act. The amendments and 

periodic updates of information 

submitted pursuant to Rule 6a–2 are 

necessary to assist the Commission in 

determining whether a national 

securities exchange or exempt exchange 

is continuing to operate in compliance 

with the Exchange Act. 

Initial filings on Form 1 by 

prospective exchanges are made on a 

one-time basis. The Commission 

estimates that it will receive 

approximately one initial Form 1 filing 

per year and that each respondent 

would incur an average burden of 880 

hours to file an initial Form 1. 

Therefore, the Commission estimates 

that the annual burden for all 

respondents to file the initial Form 1 

would be 880 hours (one response/ 

respondent × one respondent × 880 

hours/response). 

There currently are 26 entities 

registered as national securities 

exchanges. The Commission estimates 

that each registered or exempt exchange 

files eleven amendments or periodic 

updates to Form 1 per year, incurring an 

average burden of 25 hours per 

amendment to comply with Rule 6a–2. 

The Commission estimates that the 

annual burden for all respondents to file 

amendments and periodic updates to 

the Form 1 pursuant to Rule 6a–2 would 

be 7,150 hours (26 respondents × 25 

hours/response × 11 responses/ 

respondent per year). 

The total estimated annual time 

burden associated with Rules 6a–1 and 

6a–2 is thus approximately 8,030 hours 

(880 + 7,150). 

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 

February 11, 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: December 9, 2024. 

Sherry R. Haywood 

Assistant Secretary. 

[FR Doc. 2024–29301 Filed 12–12–24; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–101850; File No. SR– 

CBOE–2024–053] 

Self-Regulatory Organizations; Cboe 

Exchange, Inc.; Notice of Filing and 

Immediate Effectiveness of a Proposed 

Rule Change Relating To Amend Rule 

5.1 

December 9, 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 

27, 2024, Cboe Exchange, Inc. 

(‘‘Exchange’’ or ‘‘Cboe Options’’) filed 

with the Securities and Exchange 

Commission (‘‘Commission’’) the 

proposed rule change as described in 

Items I, II, and III 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 

Rule 5.1. The text of the proposed rule 

change is provided below. 

(additions are italicized; deletions are 

[bracketed]) 

* * * * * 

Rules of Cboe Exchange, Inc. 

* * * * * 

Rule 5.1. Trading Days and Hours 

(a) No change. 

(b) Regular Trading Hours. 

(1) No change. 

(2) Index Options. Except as otherwise set 

forth in the Rules or under unusual 

conditions as may be determined by the 

Exchange, Regular Trading Hours for 

transactions in index options are from 9:30 

a.m. to 4:15 p.m., except as follows: 

(A)–(B) No change. 

(C) On their last trading day, Regular 

Trading Hours for the following options are 

from 9:30 a.m. to 4:00 p.m. 

Cboe S&P 500 a.m./PM Basis options 

Index Options with Nonstandard Expirations 

(i.e., Weeklys and EOMs), Monthly Options 

Series, Quarterly Options Series, and 

Quarterly Expirations (i.e., QIXs) 

SPX options (p.m.-settled) 

XSP options (p.m.-settled) 

MRUT options (p.m.-settled) 

RUT options (p.m.-settled) 

* * * * * 

The text of the proposed rule change 

is also available on the Exchange’s 

website (http://www.cboe.com/ 

AboutCBOE/CBOELegalRegulatory

Home.aspx), at the Exchange’s Office of 

the Secretary, 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 


khammond on DSK9W7S144PROD with NOTICES