Federal Register / Vol. 89, No. 241 / Monday, December 16, 2024 / Notices 101679 

13 Id. 

14 17 CFR 200.30–3(a)(44). 

1See rule 22e–3(a)(3) and 22e–3(b). 

2The Commission has not received any notices 

invoking rule 22e–3 to halt redemptions. However, 

for administrative purposes, we are reporting one 

respondent and one annual response. 

responsibilities as an SRO more 

efficiently in cases where formal 

disciplinary proceedings are not 

necessary due to the minor nature of the 

particular violation. 

In declaring the Exchange’s MRVP 

effective, the Commission does not 

minimize the importance of compliance 

with Exchange rules and all other rules 

subject to the imposition of sanctions 

under Exchange Rule 1014(d). Violation 

of an SRO’s rules, as well as 

Commission rules, is a serious matter. 

However, Exchange Rule 1014(d) 

provides a reasonable means of 

addressing violations that do not rise to 

the level of requiring formal 

disciplinary proceedings, while 

providing greater flexibility in handling 

certain violations. The Commission 

expects the Exchange to continue to 

conduct surveillance and make 

determinations based on its findings, on 

a case-by-case basis, regarding whether 

a violation requires formal disciplinary 

action or whether a sanction under the 

MRVP is appropriate. 

It is therefore ordered, pursuant to 

Rule 19d–1(c)(2) under the Act,13 that 

the proposed MRVP for MIAX Sapphire, 

LLC, File No. 4–844 be, and hereby is, 

declared effective. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.14

Sherry R. Haywood, 

Assistant Secretary. 

[FR Doc. 2024–29472 Filed 12–13–24; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[SEC File No. 270–603, OMB Control No. 

3235–0658] 

Proposed Collection; Comment 

Request; Extension: Rule 22e–3 

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, under the 

Paperwork Reduction Act of 1995 (44 

U.S.C. 3501–3520), 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. 

Section 22(e) of the Investment 

Company Act of 1940, as amended [15 

U.S.C. 80a–22(e)] (‘‘Act’’) generally 

prohibits funds, including money 

market funds, from suspending the right 

of redemption, and from postponing the 

payment or satisfaction upon 

redemption of any redeemable security 

for more than seven days. The provision 

was designed to prevent funds and their 

investment advisers from interfering 

with the redemption rights of 

shareholders for improper purposes, 

such as the preservation of management 

fees. Although section 22(e) permits 

funds to postpone the date of payment 

or satisfaction upon redemption for up 

to seven days, it does not permit funds 

to suspend the right of redemption for 

any longer amount of time, absent 

certain specified circumstances or a 

Commission order. 

Rule 22e–3 under the Act [17 CFR 

270.22e–3] exempts money market 

funds from section 22(e) to permit them 

to suspend redemptions in order to 

facilitate an orderly liquidation of the 

fund. Specifically, rule 22e–3 permits a 

money market fund to suspend 

redemptions and postpone the payment 

of proceeds pending board-approved 

liquidation proceedings if: (i) the fund, 

at the end of a business day, has 

invested less than ten percent of its total 

assets in weekly liquid assets or, in the 

case of a fund that is a government 

money market fund or a retail money 

market fund, the fund’s price per share 

as computed for the purpose of 

distribution, redemption and 

repurchase, rounded to the nearest one 

percent, has deviated from the stable 

price established by the board of 

directors or the fund’s board of 

directors, including a majority of 

directors who are not interested persons 

of the fund, determines that such a 

deviation is likely to occur; (ii) the 

fund’s board of directors, including a 

majority of disinterested directors, 

irrevocably has approved the 

liquidation of the fund; and (iii) the 

fund, prior to suspending redemptions, 

notifies the Commission of its decision 

to liquidate and suspend redemptions. 

Rule 22e–3 also provides an exemption 

from section 22(e) for registered 

investment companies that own shares 

of a money market fund pursuant to 

section 12(d)(1)(E) of the Act (‘‘conduit 

funds’’), if the underlying money market 

fund has suspended redemptions 

pursuant to the rule. A conduit fund 

that suspends redemptions in reliance 

on the exemption provided by rule 22e– 

3 is required to provide prompt notice 

of the suspension of redemptions to the 

Commission. Notices required by the 

rule must be provided by electronic 

mail, directed to the attention of the 

Director of the Division of Investment 

Management or the Director’s designee.1

Compliance with the notification 

requirement is mandatory for money 

market funds and conduit funds that 

rely on rule 22e–3 to suspend 

redemptions and postpone payment of 

proceeds pending a liquidation, and are 

not kept confidential. 

Commission staff estimates that, on 

average, one fund would be required to 

make the required notice every year.2

Commission staff further estimates that 

a money market fund or conduit fund 

would spend approximately one hour of 

an in-house attorney’s time to prepare 

and submit the notice required by the 

rule. Given these estimates, the total 

annual burden of the notification 

requirement of rule 22e–3 for all money 

market funds and conduit funds would 

be approximately one hour at a cost of 

$511. The estimated total annual burden 

hours associated with rule 22e–3 is 1 

hour and external costs increased from 

$0 to $584. This change in external costs 

reflects revised estimates. These 

estimates are made solely for the 

purposes of the Paperwork Reduction 

Act, and is not derived from a 

comprehensive or even a representative 

survey or study of the costs of 

Commission rules. 

Compliance with the collection of 

information requirements of the rule is 

necessary to obtain the benefit of relying 

on the rule. 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. 

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 

estimate of the burden of 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 

by February 14, 2025. 

Please direct your written comments 

to: Austin Gerig, Director/Chief Data 

Officer, Securities and Exchange 

Commission, c/o Tanya Ruttenberg, 100 


lotter on DSK11XQN23PROD with NOTICES1
101680 Federal Register / Vol. 89, No. 241 / Monday, December 16, 2024 / Notices 

F Street, NE Washington, DC 20549 or 

send an email to: PRA_Mailbox@

sec.gov. 

Dated: December 11, 2024. 

Sherry R. Haywood, 

Assistant Secretary. 

[FR Doc. 2024–29579 Filed 12–13–24; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

Sunshine Act Meetings 

TIME AND DATE: 2:00 p.m. on Thursday, 

December 19, 2024. 

PLACE: The meeting will be held via 

remote means and/or at the 

Commission’s headquarters, 100 F 

Street NE, Washington, DC 20549. 

STATUS: This meeting will be closed to 

the public. 

MATTERS TO BE CONSIDERED: 

Commissioners, Counsel to the 

Commissioners, the Secretary to the 

Commission, and recording secretaries 

will attend the closed meeting. Certain 

staff members who have an interest in 

the matters also may be present. 

In the event that the time, date, or 

location of this meeting changes, an 

announcement of the change, along with 

the new time, date, and/or place of the 

meeting will be posted on the 

Commission’s website at https://

www.sec.gov. 

The General Counsel of the 

Commission, or her designee, has 

certified that, in her opinion, one or 

more of the exemptions set forth in 5 

U.S.C. 552b(c)(3), (5), (6), (7), (8), 9(B) 

and (10) and 17 CFR 200.402(a)(3), 

(a)(5), (a)(6), (a)(7), (a)(8), (a)(9)(ii) and 

(a)(10), permit consideration of the 

scheduled matters at the closed meeting. 

The subject matter of the closed 

meeting will consist of the following 

topics: 

Institution and settlement of 

injunctive actions; 

Institution and settlement of 

administrative proceedings; 

Resolution of litigation claims; and 

Other matters relating to examinations 

and enforcement proceedings. 

At times, changes in Commission 

priorities require alterations in the 

scheduling of meeting agenda items that 

may consist of adjudicatory, 

examination, litigation, or regulatory 

matters. 

CONTACT PERSON FOR MORE INFORMATION: 

For further information, please contact 

Vanessa A. Countryman from the Office 

of the Secretary at (202) 551–5400. 

(Authority: 5 U.S.C. 552b.) 

Dated: December 12, 2024. 

Vanessa A. Countryman, 

Secretary. 

[FR Doc. 2024–29677 Filed 12–12–24; 4:15 pm] 

BILLING CODE 8011–01–P 

SMALL BUSINESS ADMINISTRATION 

[Disaster Declaration #20768 and #20769; 

WEST VIRGINIA Disaster Number WV– 

20015] 

Presidential Declaration of a Major 

Disaster for the State of West Virginia 

AGENCY: U.S. Small Business 

Administration. 

ACTION: Notice. 

SUMMARY: This is a Notice of the 

Presidential declaration of a major 

disaster for the State of West Virginia 

(FEMA–4851–DR), dated December 9, 

2024. 

Incident: Post-Tropical Storm Helene. 

DATES: Issued on December 9, 2024. 

Incident Period: September 25, 2024 

through September 28, 2024. 

Physical Loan Application Deadline 

Date: February 7, 2025. 

Economic Injury (EIDL) Loan 

Application Deadline Date: September 

9, 2025. 

ADDRESSES: Visit the MySBA Loan 

Portal at https://lending.sba.gov to 

apply for a disaster assistance loan. 

FOR FURTHER INFORMATION CONTACT: 

Alan Escobar, Office of Disaster 

Recovery & Resilience, U.S. Small 

Business Administration, 409 3rd Street 

SW, Suite 6050, Washington, DC 20416, 

(202) 205–6734. 

SUPPLEMENTARY INFORMATION: Notice is 

hereby given that as a result of the 

President’s major disaster declaration on 

December 9, 2024, applications for 

disaster loans may be submitted online 

using the MySBA Loan Portal https://

lending.sba.gov or other locally 

announced locations. Please contact the 

SBA disaster assistance customer 

service center by email at 

disastercustomerservice@sba.gov or by 

phone at 1–800–659–2955 for further 

assistance. 

The following areas have been 

determined to be adversely affected by 

the disaster: 

Primary County (Physical Damage and 

Economic Injury Loans): Mercer. 

Contiguous Counties (Economic Injury 

Loans Only): 

West Virginia: McDowell, Monroe, 

Raleigh, Summers, Wyoming. 

Virginia: Bland, Giles, Tazewell. 

The Interest Rates are: 

Percent 

For Physical Damage: 

Homeowners with Credit Available Elsewhere .................... 5.625 

Homeowners without Credit 

Available Elsewhere ............ 2.813 

Businesses with Credit Available Elsewhere .................... 8.000 

Businesses without Credit 

Available Elsewhere ............ 4.000 

Non-Profit Organizations with 

Credit Available Elsewhere 3.250 

Non-Profit Organizations without Credit Available Elsewhere ................................... 3.250 

For Economic Injury: 

Business and Small Agricultural Cooperatives without 

Credit Available Elsewhere 4.000 

Non-Profit Organizations without Credit Available Elsewhere ................................... 3.250 

The number assigned to this disaster 

for physical damage is 207688 and for 

economic injury is 207690. 

(Catalog of Federal Domestic Assistance 

Number 59008) 

Alejandro Contreras, 

Acting Deputy Associate Administrator, 

Office of Disaster Recovery & Resilience. 

[FR Doc. 2024–29543 Filed 12–13–24; 8:45 am] 

BILLING CODE 8026–09–P 

SMALL BUSINESS ADMINISTRATION 

National Women’s Business Council; 

Notice of Public Meeting 

AGENCY: Small Business Administration, 

National Women’s Business Council. 

ACTION: Notice of open public meeting. 

DATES: The public meeting will be held 

on Tuesday, January 7, 2025, from 10:00 

a.m. to 4:00 p.m. EDT. 

ADDRESSES: This meeting will be held at 

SBA Headquarters, at 409 3rd St. SW, 

Washington, DC 20416. 

FOR FURTHER INFORMATION CONTACT: For 

more information, please visit the 

NWBC website at www.nwbc.gov, email 

info@nwbc.gov or call Rhylee Jones 

(NWBC Public Affairs Associate) at 

(202) 735–4342. 

The meeting is open to the public; 

however, advance notice of attendance 

is requested. To RSVP, please visit the 

NWBC website at www.nwbc.gov. The 

‘‘Public Meetings’’ section under 

‘‘Events’’ will feature a link to register 

on Eventbrite. Public questions and 

comments will be addressed and 

answered during the Q&A portion of the 

meeting. 

SUPPLEMENTARY INFORMATION: Pursuant 

to section 10(a)(2) of the Federal 

Advisory Committee Act, the National 


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