4826 Federal Register / Vol. 90, No. 10 / Thursday, January 16, 2025 / Notices 

Commission will institute proceedings to determine 

whether the proposed rule change should be 

approved or disapproved. 

5See IEX Rule 1.160(s). 

6 15 U.S.C. 78s(b)(3)(A)(ii). 

7Copies 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 a.m. and 3 p.m. 

Copies of the filing also will be available for 

inspection and copying at the principal office of the 

Exchange. 

8 17 CFR 200.30–3(a)(12). 

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

2 17 CFR 240.19b–4. 

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

4 17 CFR 240.19b–4(f). At any time within 60 days 

of the filing of the 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 will institute proceedings to determine 

whether the proposed rule change should be 

approved or disapproved. 

5An ‘‘Industry Member’’ is defined as ‘‘a member 

of a national securities exchange or a member of a 

national securities association.’’ See Miami 

International Securities Exchange, LLC (‘‘MIAX 

Rule’’) Rule 1701(u). The Exchange notes that MIAX 

Chapter XVII is incorporated by reference into the 

Exchange’s rulebook. As such, MIAX Chapter XVII 

also applies to the Exchange. See also Section 1.1 

of the CAT NMS Plan. Unless otherwise specified, 

capitalized terms used in this rule filing are defined 

as set forth in the CAT NMS Plan and/or the CAT 

Compliance Rule. See MIAX Rule 1701. 

6See paragraph (a)(3) of Consolidated Audit Trail 

Funding Fees. See Exchange Fee Schedule, Section 

6)a). See also Securities Exchange Act Rel. No. 

100873 (Aug. 29, 2024) 89 FR 72600 (Sept. 5, 2024) 

(SR–PEARL–2024–33) (‘‘Fee Filing for CAT Fee 

2024–1’’). 

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 amend the 

fees applicable to Members,5 pursuant 

to IEX Rule 15.110(a) and (c), to revise 

the fee for an order that routes to and 

removes liquidity on an away exchange 

at a price below $1.00 so that the IEX 

fee will be the cost charged, or rebate 

paid, by the away exchange plus 0.02% 

of the total dollar value of the execution, 

instead of the cost charged by the away 

exchange plus $0.0001 per share. No 

other fee changes are proposed. Changes 

to the Fee Schedule pursuant to this 

proposal are effective upon filing,6 and 

will be operative on January 1, 2025. 

The proposed rule change, including 

the Exchange’s statement of the purpose 

of, and statutory basis for, the proposed 

rule change, is available on the 

Exchange’s website at https://

www.iexexchange.io/resources/ 

regulation/rule-filings and on the 

Commission’s website at https://

www.sec.gov/rules-regulations/selfregulatory-organization-rulemaking/ 

national-securities-exchanges?file_

number=SR-IEX-2024-31. 

II. 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.7

Comments may be submitted 

electronically by using the 

Commission’s internet comment form 

(https://www.sec.gov/rules-regulations/ 

self-regulatory-organizationrulemaking/national-securitiesexchanges?file_number=SR-IEX-2024- 

31) or by sending an email to rulecomments@sec.gov. Please include file 

number SR–IEX–2024–31 on the subject 

line. Alternatively, paper comments 

may be sent to Secretary, Securities and 

Exchange Commission, 100 F Street NE, 

Washington, DC 20549–1090. All 

submissions should refer to file number 

SR–IEX–2024–31. 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 (https://www.sec.gov/ 

rules-regulations/self-regulatoryorganization-rulemaking/nationalsecurities-exchanges?file_number=SRIEX-2024-31). Do not include personal 

identifiable information in submissions; 

you should submit only information 

that you wish to make available 

publicly. We may redact in part or 

withhold entirely from publication 

submitted material that is obscene or 

subject to copyright protection. All 

submissions should refer to file number 

SR–IEX–2024–31 and should be 

submitted on or before February 6, 2025. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.8

Sherry R. Haywood, 

Assistant Secretary. 

[FR Doc. 2025–00890 Filed 1–15–25; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–102155; File No. SR– 

PEARL–2024–6)] 

Self-Regulatory Organizations; MIAX 

PEARL, LLC; Notice of Filing and 

Immediate Effectiveness of Proposed 

Rule Change To Amend the MIAX Pearl 

Equities Fee Schedule To Establish 

Fees for Industry Members Related to 

Reasonably Budgeted CAT Costs of 

the National Market System Plan 

Governing the Consolidated Audit Trail 

for 2025 

January 10, 2025. 

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 December 

27, 2024, MIAX PEARL, LLC (‘‘MIAX 

Pearl’’ or ‘‘Exchange’’) filed with the 

Securities and Exchange Commission 

(‘‘Commission’’) the proposed rule 

change as described in Item I below, 

which Item has been substantially 

prepared by the Exchange. The 

Exchange has designated this proposal 

for immediate effectiveness pursuant to 

Section 19(b)(3)(A) of the Act 3 and Rule 

19b–4(f) thereunder.4 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 the 

Exchange’s Fee Schedule applicable to 

equity securities trading on the 

Exchange (‘‘Fee Schedule’’) to establish 

fees for Industry Members 5 related to 

reasonably budgeted CAT costs of the 

National Market System Plan Governing 

the Consolidated Audit Trail (the ‘‘CAT 

NMS Plan’’ or ‘‘Plan’’) for 2025. These 

fees would be payable to Consolidated 

Audit Trail, LLC (‘‘CAT LLC’’ or the 

‘‘Company’’) and referred to as CAT Fee 

2025–1, and would be described in a 

section of the Exchange’s fee schedule 

entitled ‘‘Consolidated Audit Trail 

Funding Fees.’’ The fee rate for CAT Fee 

2025–1 would be $0.000022 per 

executed equivalent share. CAT 

Executing Brokers will receive their first 

monthly invoice for CAT Fee 2025–1 in 

February 2025 calculated based on their 

transactions as CAT Executing Brokers 

for the Buyer (‘‘CEBB’’) and/or CAT 

Executing Brokers for the Seller 

(‘‘CEBS’’) in January 2025. CAT Fee 

2025–1 is anticipated to be in place for 

six months, and is anticipated to recover 

approximately one-half of the costs set 

forth in the reasonably budgeted CAT 

costs for 2025. CAT LLC intends for 

CAT Fee 2025–1 to replace CAT Fee 

2024–1 (which has a fee rate of 

$0.000035).6

The proposed rule change, including 

the Exchange’s statement of the purpose 


ddrumheller on DSK120RN23PROD with NOTICES1
Federal Register / Vol. 90, No. 10 / Thursday, January 16, 2025 / Notices 4827 

7Copies 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 a.m. and 3 p.m. 

Copies of the filing also will be available for 

inspection and copying at the principal office of 

SRO. 

8 17 CFR 200.30–3(a)(12). 

of, and statutory basis for, the proposed 

rule change, is available on the 

Exchange’s website at https://

www.miaxglobal.com/markets/usequities/pearl-equities/rule-filings, at 

MIAX Pearl’s principal office, and on 

the Commission’s website at https://

www.sec.gov/rules-regulations/selfregulatory-organization-rulemaking/ 

national-securities-exchanges?file_

number=SR-PEARL-2024-65. 

II. 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.7

Comments may be submitted 

electronically by using the 

Commission’s internet comment form 

(https://www.sec.gov/rules-regulations/ 

self-regulatory-organizationrulemaking/national-securitiesexchanges?file_number=SR-PEARL2024-65) or by sending an email to rulecomments@sec.gov. Please include file 

number SR–PEARL–2024–65 on the 

subject line. Alternatively, paper 

comments may be sent to Secretary, 

Securities and Exchange Commission, 

100 F Street NE, Washington, DC 

20549–1090. All submissions should 

refer to file number SR–PEARL–2024– 

65. 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 

(https://www.sec.gov/rules-regulations/ 

self-regulatory-organizationrulemaking/national-securitiesexchanges?file_number=SR-PEARL2024-65). Do not include personal 

identifiable information in submissions; 

you should submit only information 

that you wish to make available 

publicly. We may redact in part or 

withhold entirely from publication 

submitted material that is obscene or 

subject to copyright protection. All 

submissions should refer to file number 

SR–PEARL–2024–65 and should be 

submitted on or before February 6, 2025. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.8

Sherry R. Haywood, 

Assistant Secretary. 

[FR Doc. 2025–00895 Filed 1–15–25; 8:45 am] 

BILLING CODE 8011–01–P 

SMALL BUSINESS ADMINISTRATION 

Transfer of Responsibility 

AGENCY: U.S. Small Business 

Administration. 

ACTION: Notice of transfer of 

responsibility. 

SUMMARY: This document provides the 

public with notice that the 

Administrator of the Small Business 

Administration (SBA) has transferred 

the responsibilities previously assigned 

to the Agency Licensing Committee 

related to the licensing of Small 

Business Investment Companies and 

transferred those responsibilities to the 

Chief Financial Officer, Chief Operating 

Officer, and Chief of Staff through the 

Agency’s internal clearance process. 

FOR FURTHER INFORMATION CONTACT: 

Arthur Spivey, Office of Investment and 

Innovation, U.S. Small Business 

Administration, 409 3rd Street SW, 

Washington, DC 20416; (202) 205–7098 

or arthur.spivey@sba.gov. 

SUPPLEMENTARY INFORMATION: This 

document provides the public with 

notice of the Administrator’s transfer of 

responsibilities previously assigned to 

the Agency Licensing Committee 

(September 21, 2023, 88 FR 65222) to 

review and make recommendations to 

the Administrator relative to licenses to 

operate as a small business investment 

company under the Small Business 

Investment Act of 1958, as amended, 

and transferred those responsibilities to 

the Chief Financial Officer, Chief 

Operating Officer, and Chief of Staff 

through the Agency’s internal clearance 

process. 

This transfer reads as follows: 

Pursuant to the authority vested in me 

pursuant to section 301 of the Small 

Business Investment Act of 1958, as 

amended, the responsibilities 

previously assigned to the Agency 

Licensing Committee to take any and all 

actions necessary to review applications 

for licensing under section 301 of the 

Small Business Investment Act of 1958, 

as amended, and to recommend which 

such applications should be approved is 

hereby transferred to the Chief Financial 

Officer, Chief Operating Officer, and 

Chief of Staff through the agency’s 

internal clearance process. 

Isabella Casillas Guzman, 

Administrator. 

[FR Doc. 2025–00864 Filed 1–15–25; 8:45 am] 

BILLING CODE P 

SMALL BUSINESS ADMINISTRATION 

National Small Business Development 

Center Advisory Board 

AGENCY: Small Business Administration. 

ACTION: Notice of open Federal advisory 

committee meeting. 

SUMMARY: The U.S. Small Business 

Administration (SBA) is announcing the 

date, time, location and agenda for a 

meeting of the National Small Business 

Development Center Advisory Board 

(NSBDCAB). Members will convene as 

an independent source of advice and 

recommendations on matters related to 

the Small Business Development Center 

Program. The meeting will be held inperson and virtually for NSBDCAB 

Members and the public. 

DATES: Wednesday, February 12, 2025, 

from 1 p.m. to 2:30 p.m. eastern 

standard time. 

ADDRESSES: The NSBDCAB meeting will 

be held in-person at the Washington 

Marriott Georgetown, located at 1221 

22nd Street NW, Georgetown, 

Washington, DC 20037 and virtually via 

Microsoft Teams. The access link will 

be provided to members of the public 

upon request. 

FOR FURTHER INFORMATION CONTACT: 

Rachel Karton, Designated Federal 

Officer, Office of Small Business 

Development Centers (OSBDC), SBA, 

409 Third Street SW, Washington, DC 

20416; Rachel.newman-karton@sba.gov; 

202–619–1816. 

Anyone wishing to submit questions 

to the NSBDCAB can do so by 

submitting them via email to 

Rachel.newman-karton@sba.gov. 

SUPPLEMENTARY INFORMATION: Pursuant 

to section 10(a) of the Federal Advisory 

Committee Act (5 U.S.C. appendix 2), 

the SBA announces a meeting of the 

National SBDC Advisory Board 

(NSBDCAB). This NSBDCAB provides 

advice and counsel to the SBA 

Administrator and Associate 

Administrator for Small Business 

Development Centers. The purpose of 

the meeting is to consider 

recommendations to SBA on matters 

pertaining to the Small Business 

Development Center Program. 


ddrumheller on DSK120RN23PROD with NOTICES1