Federal Register / Vol. 86, No. 146 / Tuesday, August 3, 2021 / Notices 41877 

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

2 17 CFR 240.19b–4. 

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

4 17 CFR 240.19b–4(f)(6). 

5Rule 5.6(c) defines a ‘‘Book Only’’ order as an 

order the System ranks and executes pursuant to 

Rule 5.32, subjects to the Price Adjust process 

pursuant to Rule 5.32, or cancels, as applicable (in 

accordance with User instructions), without routing 

away to another exchange. Users may designate 

bulk messages as Book Only as set forth in Rule 

5.5(c). 

6The term ‘‘bulk message’’ means a single 

electronic message a User submits with an M 

Capacity (for the account of a Market-Maker) to the 

Exchange in which the User may enter, modify, or 

cancel up to an Exchange-specified number of bids 

and offers. A User may submit a bulk message 

through a bulk port as set forth in Rule 5.6(c)(3). 

The System handles a bulk message bid or offer in 

the same manner as it handles an order or quote 

unless the Rules specify otherwise. See Rule 1.1. 

7A ‘‘bulk port’’ is a dedicated logical port that 

provides Users with the ability to submit bulk 

messages, single orders, and auction responses, 

each subject to certain restrictions. See Rule 

5.5(c)(3). 

8Rule 5.6(c) defines a ‘‘Cancel Back’’ order as an 

order (including a bulk message) a User designates 

to not be subject to the Price Adjust Process 

pursuant to Rule 5.32 that the System cancels or 

rejects (immediately at the time the System receives 

the order or upon return to the System after being 

routed away) if displaying the order on the Book 

would create a violation of Rule 5.67, or if the order 

cannot otherwise be executed or displayed in the 

Book at its limit price. 

D Promotions and Compensation 

D Project Reinvest Wind-Down 

D Grant Appropriations Disbursement 

b. Internal Audit Performance 

Scorecard 

c. FY21 Plan Projects’ Activity 

Summary as of July 13, 2021 

d. Implementation of Internal Audit 

Recommendations 

VI. Adjournment 

CONTACT PERSON FOR MORE INFORMATION: 

Lakeyia Thompson, Special Assistant, 

(202) 524–9940; Lthompson@nw.org. 

Lakeyia Thompson, 

Special Assistant. 

[FR Doc. 2021–16645 Filed 7–30–21; 4:15 pm] 

BILLING CODE 7570–02–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–92518; File No. SR–CBOE– 

2021–042] 

Self-Regulatory Organizations; Cboe 

Exchange, Inc.; Notice of Filing and 

Immediate Effectiveness of a Proposed 

Rule Change To Enhance and Clarify 

its Price Adjust Process for Certain 

Market-Maker Interest, Specifically 

Book Only Orders and Bulk Messages 

Submitted Through Bulk Ports and 

Modify the Bulk Message Fat Finger 

Check 

July 28, 2021. 

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 July 16, 

2021, 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 

Exchange filed the proposal as a ‘‘noncontroversial’’ proposed rule change 

pursuant to Section 19(b)(3)(A)(iii) of 

the Act 3 and Rule 19b–4(f)(6) 

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 

Cboe Exchange, Inc. (the ‘‘Exchange’’ 

or ‘‘Cboe Options’’) proposes to enhance 

and clarify its Price Adjust process and 

modify the bulk message fat finger 

check. The text of the proposed rule 

change is provided in Exhibit 5. 

The text of the proposed rule change 

is also available on the Exchange’s 

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

AboutCBOE/ 

CBOELegalRegulatoryHome.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 

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 enhance its 

Price Adjust (as defined below) process 

for certain Market-Maker interest— 

specifically Book Only 5 orders and bulk 

messages 6 submitted through bulk 

ports 7—and clarify other parts of that 

process, as well as modify the bulk 

message fat finger check. 

Rule 5.32(b) describes the Price 

Adjust process, which applies to an 

order by default or not designated as 

Cancel Back.8 The System adjusts the 

price (‘‘Price Adjust’’) of an order 

designated as Price Adjust (or an order 

not designated as Cancel Back) as 

follows: 

(A) If a buy (sell) non-all-or-none (‘‘AON’’) 

order at the time of entry, would lock or 

cross: 

(i) A Protected Quotation of another 

options exchange or the Exchange, the 

System ranks and displays the order at one 

minimum price variation below (above) the 

current national best offer (‘‘NBO’’) (national 

best bid (‘‘NBB’’); or 

(ii) the offer (bid) of a sell (buy) AON order 

resting on the Book at or better than the 

Exchange’s best offer (bid), the System ranks 

the resting AON order one minimum price 

variation above (below) the bid (offer) of the 

non-AON order. 

(B) Incoming AON Orders. If a buy (sell) 

AON order, at the time of entry, would: 

(i) Cross a Protected Offer (Bid) of another 

options exchange or a sell (buy) AON order 

resting on the Book at or better than the 

Exchange’s best offer (bid), the System ranks 

the incoming AON order at a price equal to 

the Protected Offer (Bid) or the offer (bid) of 

the resting AON order, respectively; or 

(ii) lock or cross a Protected Offer (Bid) of 

the Exchange, the System ranks the incoming 

AON order at a price one minimum price 

variation below (above) the Protected Offer 

(Bid). 

This Price Adjust process applies to 

Book Only orders and bulk messages 

submitted that are designated as Price 

Adjust (and not designated as Cancel 

Back). Separately, a Book Only order or 

bulk message bid or offer (or unexecuted 

portion) is rejected if submitted by a 

Market-Maker with an appointment in 

the class through a bulk port if it would 

execute against a resting offer or bid, 

respectively with a capacity of M. 

Therefore, if a Book Only bulk message 

bid of an appointed Market-Maker does 

not execute upon entry and would rest 

at the same price as an offer not 

represented by a capacity of M, that bid 

price would be adjusted and rest on the 

book at one minimum price variation 

below the offer. However, if the offer 

was represented by a capacity of M, the 

System would reject the bid since it may 

not execute against that resting offer. 

The proposed rule change amends the 

Price Adjust process so that an 

appointed Market-Maker’s Book Only 

bids and offers submitted through a bulk 

port may have the opportunity to rest on 

the book if they are submitted at the 

same price as the opposite side of the 

market when represented by MarketMaker interest. Specifically, the 

proposed rule change adds 


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41878 Federal Register / Vol. 86, No. 146 / Tuesday, August 3, 2021 / Notices 

9The Exchange notes that pursuant to Rule 5.5(c), 

only appointed Market-Makers may submit such 

orders and bulk messages through a bulk port. 

10This is how these orders and messages are 

currently handled pursuant to Rule 5.32(b)(1)(A)(i). 

11This is how these orders and messages are 

currently handled pursuant to Rule 5.32(b)(1)(A)(ii). 

12The proposed rule change also clarifies in Rule 

5.32(c)(6) that it applies if the incoming order or 

bulk message would execute against or lock resting 

M-Capacity interest. It is possible a Cancel Back 

Book Only order or bulk message may otherwise not 

execute against resting M-Capacity interest but 

would instead lock that interest if it rested in the 

book, so the System would reject that order or bulk 

message to prevent the dissemination of a locked 

market. 

13The Exchange notes that a change in the BBO 

would include a change in M-Capacity interest 

resting at the top of the Book that caused a Book 

Only bulk message or order to have its price 

adjusted. 

14The proposed rule change also moves the latter 

part of current subparagraph (2) regarding the 

priority of re-ranked and re-displayed Price Adjust 

orders to proposed subparagraph (3). 

15This check does not apply to bulk messages 

submitted prior to the conclusion of the opening 

process or when no NBBO is available. 

subparagraph (C) to Rule 5.32(b)(1), 

which states if the bid (offer) of a Book 

Only buy (sell) non-AON order or bulk 

message 9 submitted through a bulk port 

at the time of entry would lock or cross 

(1) a protected offer (bid) of another 

options exchange 10 or a resting offer 

(bid) with a Capacity of M, the System 

ranks and displays the order at one 

minimum price variation below (above) 

the better of the current away best offer 

(‘‘ABO’’) (away best bid (‘‘ABB’’)) or 

resting M-Capacity offer (bid); or (2) the 

offer (bid) of a sell (buy) AON order 

resting on the Book at or better than the 

Exchange’s best offer (bid), the System 

ranks the resting AON order one 

minimum price variation above (below) 

the bid (offer) of the non-AON order.11

This will permit appointed MarketMaker orders and quotes submitted 

through bulk ports (the primary purpose 

of which is to provide liquidity to the 

Book) that are subject to the Price 

Adjust process (indicating the 

submitting Market-Makers prefer a price 

adjustment to rejection) so their quotes 

may rest in the Book if they would 

otherwise lock interest against which 

they could not execute. 

The proposed rule change makes 

nonsubstantive changes to current Rules 

5.32(b)(1)(A) and (B) to set forth to 

which orders and bulk messages the 

functionality in each subparagraph will 

apply; the proposed rule change has no 

impact on how the Price Adjust process 

applies to orders and bulk messages 

other than Book Only orders and bulk 

messages submitted through a bulk port 

that would otherwise execute against 

resting M-Capacity interest. Similarly, 

the proposed rule change updates Rule 

5.32(c)(6) to indicate that provision will 

only apply to Cancel Back Book Only 

orders and bulk messages submitted 

through bulk ports. Book Only orders 

and bulk messages submitted through a 

bulk port may either be Price Adjust or 

Cancel Back. As Price Adjust Book Only 

orders and bulk messages submitted 

through a bulk port will be handled as 

described above if they would execute 

against resting M-Capacity interest, this 

provision will now only apply to Cancel 

Back Book Only bulk messages and 

orders submitted through bulk ports.12

The proposed rule change also 

clarifies in Rule 5.32(b)(1) that the Price 

Adjust process applies to an order or 

remaining portion that does not execute 

upon entry. This is consistent with 

current functionality, as Price Adjust 

orders may execute upon entry against 

resting interest—the price adjustment 

applies only to permit any remaining 

interest from an incoming order to rest 

at a price that would not lock or cross 

opposite side interest in accordance 

with the linkage plan. 

Additionally, Rule 5.32(b)(2) provides 

that if the circumstances that caused the 

System to adjust the price of an order 

pursuant to subparagraph (b)(1) change 

so that it would not lock or cross, as 

applicable, a Protection Quotation or an 

AON resting on the Book at a price at 

or better than the BBO,13 the System 

gives the Price Adjust order a new 

timestamp. Currently, the rule states the 

System ranks or displays the order at a 

price that locks or is one minimum 

price variation away from the new 

Protection Quotation or AON resting on 

the Book at or better than the BBO, as 

applicable. Pursuant to current 

subparagraph (3), the System adjusts the 

ranked and displayed price of an order 

subject to Price Adjust once or multiple 

times depending upon the User’s 

instructions and changes to the 

prevailing NBBO. The proposed rule 

change deletes this subparagraph (3) 

and moves the concept of single or 

multiple price adjust to subparagraph 

(2).14 The proposed rule change clarifies 

how each of single price adjust and 

multiple price adjust currently function. 

Specifically, if a User designated an 

order as eligible for single price adjust, 

the System ranks and displays the order 

at the price of the Protected Quotation 

that was present in the Book at the time 

of order entry. That is the price at which 

the Price Adjust order would have 

entered the Book but for the presence of 

that Protected Quotation. 

Additionally, the proposed rule 

change clarifies that bulk message bids 

and offers are only subject to single 

price adjust. The Exchange understands 

that Market-Makers’ automated quote 

streaming systems review their resting 

interest when the markets change and 

update as appropriate in accordance 

with their business and risk models. 

Therefore, the Exchange does not 

believe it is necessary for it also to 

review resting Market-Maker interest 

continuously and reprice as the market 

changes. The proposed rule change 

amends proposed subparagraph (2)(B) to 

indicate it applies to orders designated 

as multiple price adjust, and specifies 

the repricing described in that 

paragraph may occur multiple times as 

the opposite side of the NBBO changes 

(up to the order’s limit price). The 

proposed rule change has no impact on 

how the System handles order and bulk 

messages subject to single or multiple 

price adjust; it rather more accurately 

describes this process. The proposed 

rule change also amends this provision 

to reflect that a Price Adjust bulk 

message may be re-priced upon entry 

due to the presence of opposite side M 

Capacity interest (rather than rejected in 

accordance with current functionality). 

With respect to multiple price adjust 

functionality, the proposed rule change 

clarifies that the price at which the 

System reprices an order is the ranked 

and displayed price (rather than or), 

which is consistent with the remainder 

of paragraph (b). Price Adjust orders are 

always ranked and displayed at the 

same price. Additionally, the proposed 

rule change deletes the concept of the 

new price locking a new Protected 

Quotation, as the new price will always 

be one minimum price variation away to 

be consistent with linkage rules. Finally, 

the proposed rule change deletes the 

concept of repricing a Price Adjust order 

based on the presence of an AON order. 

As set forth in Rule 5.32(b)(1), if an 

incoming order would lock the price of 

an AON resting on the book, the System 

reprices the AON rather than the 

incoming order. Therefore, if the AON 

is no longer in the book, there would be 

no reason to reprice the other order, 

making the reference to AON in 

subparagraph (2) regarding repricing is 

unnecessary. 

Finally, the proposed rule change 

enhances the bulk message fat finger 

check set forth in Rule 5.34(a)(5). In 

accordance with the fat finger check, the 

System cancels or rejects any bulk 

message bid (offer) above (below) the 

NOB [sic] (NBB) by more than a 

specified amount determined by the 

Exchange.15 The proposed rule change 

indicates that the Exchange may also 

determine a minimum and maximum 

dollar value for the bulk message fat 


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Federal Register / Vol. 86, No. 146 / Tuesday, August 3, 2021 / Notices 41879 

16The proposed rule change also makes a 

nonsubstantive change to say the System cancels or 

rejects any bulk message bid (offer) more than a 

buffer amount above (below) the NBO (NBB) to 

align the language with other rules. 

17 15 U.S.C. 78f(b). 

18 15 U.S.C. 78f(b)(5). 

19 Id. 

20See, e.g., Rule 5.34(a)(2) (market order NBBO 

width protection). 

21 15 U.S.C. 78s(b)(3)(A). 

22 17 CFR 240.19b–4(f)(6). 

finger check.16 The Exchange believes 

Market-Makers may be willing to accept 

an execution at a price beyond the 

NBBO at the time of order entry, but not 

too far away. The purpose of the fat 

finger check is intended to reject bulk 

message bids and offers that on their 

face are likely to be entered at erroneous 

prices and thus prevent potentially 

erroneous executions. The proposed 

rule change to permit the Exchange to 

set a minimum and maximum value 

will provide the Exchange with the 

opportunity to set a meaningful buffer 

that is not ‘‘too close’’ to the NBBO (in 

other words, a de minimis buffer) but 

not ‘‘too far’’ from the NBBO (in other 

words, a buffer that is more likely to 

accept erroneously priced bulk 

messages). The proposed rule change 

also permits the Exchange to set the 

relevant amounts for the bulk message 

fat finger check on a class-by-class basis. 

Option classes have different 

characteristics and trading models, and 

the proposed flexibility will permit the 

Exchange to apply different parameters 

to address those differences. 

2. Statutory Basis 

The Exchange believes the proposed 

rule change is consistent with the 

Securities Exchange Act of 1934 (the 

‘‘Act’’) and the rules and regulations 

thereunder applicable to the Exchange 

and, in particular, the requirements of 

Section 6(b) of the Act.17 Specifically, 

the Exchange believes the proposed rule 

change is consistent with the Section 

6(b)(5) 18 requirements that the rules of 

an exchange be designed to prevent 

fraudulent and manipulative acts and 

practices, to promote just and equitable 

principles of trade, to foster cooperation 

and coordination with persons engaged 

in regulating, clearing, settling, 

processing information with respect to, 

and facilitating transactions in 

securities, to remove impediments to 

and perfect the mechanism of a free and 

open market and a national market 

system, and, in general, to protect 

investors and the public interest. 

Additionally, the Exchange believes the 

proposed rule change is consistent with 

the Section 6(b)(5) 19 requirement that 

the rules of an exchange not be designed 

to permit unfair discrimination between 

customers, issuers, brokers, or dealers. 

In particular, the proposed rule 

change to enhance the Price Adjust 

process to adjust the price of Book Only 

orders and bulk messages submitted by 

Market-Makers through bulk ports will 

remove impediments to and perfect the 

mechanism of a free and open market. 

Market-Makers that have elected to have 

their bulk port interest subject to the 

Price Adjust process have indicated 

their desire to have the prices of that 

interest adjusted rather than have the 

System reject that interest. The 

proposed rule change is consistent with 

that election and will cause such 

interest to be repriced rather than 

rejected in a situation—when it would 

otherwise execute or lock against other 

M-Capacity interest—in addition to 

locking an away market. Therefore, the 

proposed rule change will permit 

additional Market-Maker interest to 

enter the book rather than be rejected. 

This additional liquidity may increase 

execution opportunities and tighten 

spreads, which ultimately benefits all 

investors. 

The Exchange also believes the 

proposed rule change to codify that bulk 

message bids and offers may only be 

subject to single price adjust will benefit 

investors by adding transparency to the 

Rules. The Exchange understands that 

Market-Makers’ automated quote 

streaming systems review their resting 

interest when the markets change and 

update as appropriate in accordance 

with their business and risk models. 

Therefore, the Exchange does not 

believe it is necessary for it also to 

review resting Market-Maker interest 

continuously and reprice as the market 

changes. 

In addition, the Exchange believes the 

proposed change to the bulk message fat 

finger check will protect investors and 

the public interest as the check will 

continue to mitigate potential risks 

associated with Market-Makers 

submitting bulk message bids and offers 

at unintended prices, and risks 

associated with orders and quotes 

trading at prices that are extreme and 

potentially erroneous, which may likely 

have resulted from human or 

operational error. The proposed 

enhancement that the Exchange will 

apply a minimum and maximum to the 

fat finger check will permit the 

Exchange to apply the fat finger check 

to bulk messages in a more meaningful 

way. The Exchange believes class 

flexibility is appropriate to permit the 

Exchange to apply reasonable buffers to 

classes, which may exhibit different 

trading characteristics and have 

different market models. The Exchange 

has other price checks and risk controls 

that permit it to set a minimum and 

maximum, as well as apply parameters 

on a class basis.20

The proposed nonsubstantive and 

clarifying changes will protect investors 

by adding transparency to the Rules. 

B. Self-Regulatory Organization’s 

Statement on Burden on Competition 

The Exchange does not believe that 

the proposed rule change will impose 

any burden on competition that is not 

necessary or appropriate in furtherance 

of the purposes of the Act. The 

Exchange does not believe the proposed 

rule change will impose any burden on 

intramarket competition, as the 

proposed changes will apply in the 

same manner to all Book Only orders 

and bulk messages submitted through a 

bulk port. The proposed rule change to 

codify that bulk messages will only be 

subject to single price adjust is 

appropriate given that Market-Makers’ 

automated quote streaming systems 

review their resting interest when the 

markets change and update as 

appropriate in accordance with their 

business and risk models. Therefore, the 

Exchange does not believe it is 

necessary for it also to review resting 

Market-Maker interest continuously and 

reprice as the market changes. The 

Exchange does not believe the proposed 

rule change will impose any burden on 

intermarket competition, as the 

proposed rule change applies to 

functionality that applies to incoming 

interest that may only rest or execute on 

the Exchange’s book. 

C. Self-Regulatory Organization’s 

Statement on Comments on the 

Proposed Rule Change Received From 

Members, Participants, or Others 

The Exchange neither solicited nor 

received comments on the proposed 

rule change. 

III. Date of Effectiveness of the 

Proposed Rule Change and Timing for 

Commission Action 

Because the foregoing proposed rule 

change does not: 

A. Significantly affect the protection 

of investors or the public interest; 

B. impose any significant burden on 

competition; and 

C. become operative for 30 days from 

the date on which it was filed, or such 

shorter time as the Commission may 

designate, it has become effective 

pursuant to Section 19(b)(3)(A) of the 

Act 21 and Rule 19b–4(f)(6) 22

thereunder. At any time within 60 days 


jbell on DSKJLSW7X2PROD with NOTICES
41880 Federal Register / Vol. 86, No. 146 / Tuesday, August 3, 2021 / Notices 

23 17 CFR 200.30–3(a)(12). 

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. 

IV. 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. 

Comments may be submitted by any of 

the following methods: 

Electronic Comments 

• Use the Commission’s internet 

comment form (http://www.sec.gov/ 

rules/sro.shtml); or 

• Send an email to rule-comments@

sec.gov. Please include File Number SR– 

CBOE–2021–042 on the subject line. 

Paper Comments 

• Send paper comments in triplicate 

to Secretary, Securities and Exchange 

Commission, 100 F Street NE, 

Washington, DC 20549–1090. 

All submissions should refer to File 

Number SR–CBOE–2021–042. This file 

number should be included on the 

subject line if email is used. 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 (http://www.sec.gov/ 

rules/sro.shtml). Copies 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 

10:00 a.m. and 3:00 p.m. Copies of the 

filing also will be available for 

inspection and copying at the principal 

office of the Exchange. All comments 

received will be posted without change. 

Persons submitting comments are 

cautioned that we do not redact or edit 

personal identifying information from 

comment submissions. You should 

submit only information that you wish 

to make available publicly. All 

submissions should refer to File 

Number SR–CBOE–2021–042 and 

should be submitted on or before 

August 24, 2021. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.23

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2021–16456 Filed 8–2–21; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

Sunshine Act Meetings 

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

August 5, 2021. 

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 his designee, has 

certified that, in his 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. 

Dated: July 29, 2021. 

Vanessa A. Countryman, 

Secretary. 

[FR Doc. 2021–16555 Filed 7–30–21; 11:15 am] 

BILLING CODE 8011–01–P 

SMALL BUSINESS ADMINISTRATION 

Reporting and Recordkeeping 

Requirements Under OMB Review 

AGENCY: Small Business Administration. 

ACTION: 30-Day notice. 

SUMMARY: The Small Business 

Administration (SBA) is seeking 

approval from the Office of Management 

and Budget (OMB) for the information 

collection described below. In 

accordance with the Paperwork 

Reduction Act and OMB procedures, 

SBA is publishing this notice to allow 

all interested member of the public an 

additional 30 days to provide comments 

on the proposed collection of 

information. 

DATES: Submit comments on or before 

September 2, 2021. 

ADDRESSES: Written comments and 

recommendations for this information 

collection request should be sent within 

30 days of publication of this notice to 

www.reginfo.gov/public/do/PRAMain. 

Find this particular information 

collection request by selecting ‘‘Small 

Business Administration’’; ‘‘Currently 

Under Review,’’ then select the ‘‘Only 

Show ICR for Public Comment’’ 

checkbox. This information collection 

can be identified by title and/or OMB 

Control Number. 

FOR FURTHER INFORMATION CONTACT: You 

may obtain a copy of the information 

collection and supporting documents 

from the Agency Clearance Office at 

Curtis.Rich@sba.gov; (202) 205–7030, or 

from www.reginfo.gov/public/do/ 

PRAMain. 

SUPPLEMENTARY INFORMATION: The 

Coronavirus Aid, Relief, and Economic 

Security Act, (CARES Act) Public Law 

116–136 (April 27, 2020) authorized 

SBA to provide an Advance of up to 

$10,000 to applicants who applied for 

an economic injury disaster loan (EIDL) 

in response to the COVID–19 pandemic. 

On December 27, 2020, SBA received 

additional funds under the Economic 

Aid to Hard-Hit Small Businesses, 


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