Federal Register / Vol. 86, No. 166 / Tuesday, August 31, 2021 / Notices 48781 

6 17 CFR 200.30–3(a)(31). 

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

2 17 CFR 240.19b–4. 

3Securities Exchange Act Release No. 92341 

(June 25, 2021), 86 FR 36799 (July 13, 2021) (File 

No. SR–FICC–2021–004) (‘‘Notice of Filing’’). 

4Specifically, the Commission received a 

comment letter on a proposed rule change filed by 

FICC’s affiliate, the Depository Trust Company 

(‘‘DTC’’), regarding parallel changes to DTC’s Rules. 

See Securities Exchange Act Release No. 92342 

(June 25, 2021), 86 FR 36833 (July 13, 2021) (File 

No. SR–DTC–2021–011). The comment letter is 

available on the Commission’s website at https://

www.sec.gov/comments/sr-dtc-2021-011/ 

srdtc2021011.htm. Because the comment addresses 

issues that also appear in this Proposed Rule 

Change, the Commission will consider it in 

connection with FICC’s proposal as well. 

5 15 U.S.C. 78s(b)(2). 

6 Id. 

7 17 CFR 200.30–3(a)(31). 

1 $72/hour figure for a Compliance Clerk is based 

on the Commission’s estimates concerning the 

allocation of burden hours and the relevant wage 

rates from the Commission’s consultations with 

industry representatives and on salary information 

for the securities industry compiled by the 

Securities Industry and Financial Markets 

Association’s Office Salaries in the Securities 

Industry 2013. The estimated wage figures are 

modified by Commission staff to account for an 

1800-hour work-year and multiplied by 2.93 to 

account for bonuses, firm size, employee benefits, 

overhead, and adjusted to account for the effects of 

inflation. See Securities Industry and Financial 

Markets Association, Report on Management & 

Professional Earnings in the Securities Industry 

2013. 

by which the Commission shall either 

approve or disapprove, or institute 

proceedings to determine whether to 

disapprove, the proposed rulechange 

(File No. SR–NASDAQ–2021–054). 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.6

Jill M. Peterson, 

Assistant Secretary. 

[FR Doc. 2021–18673 Filed 8–30–21; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–92749; File No. SR–FICC– 

2021–004] 

Self-Regulatory Organizations; Fixed 

Income Clearing Corporation; Notice of 

Designation of Longer Period for 

Commission Action on Proposed Rule 

Change Relating to Confidential 

Information, Market Disruption Events, 

Systems Disconnect, and Other 

Changes 

August 25, 2021. 

I. Introduction 

On June 25, 2021, Fixed Income 

Clearing Corporation (‘‘FICC’’) filed 

with the Securities and Exchange 

Commission (‘‘Commission’’) proposed 

rule change SR–FICC–2021–004 (the 

‘‘Proposed Rule Change’’) pursuant to 

Section 19(b)(1) of the Securities 

Exchange Act of 1934 (‘‘Act’’) 1 and Rule 

19b–4 thereunder 2 to amend FICC’s 

rules relating to confidentiality 

requirements, market disruption events, 

systems disconnect, and other changes. 

The Proposed Rule Change was 

published for comment in the Federal 

Register on July 13, 2021,3 and the 

Commission received a comment, which 

addresses issues that also appear in this 

Proposed Rule Change.4

Section 19(b)(2) of the Act 5 provides 

that within 45 days of the publication of 

notice of the filing of a proposed rule 

change, or within such longer period up 

to 90 days as the Commission may 

designate if it finds such longer period 

to be appropriate and publishes its 

reasons for so finding or as to which the 

self-regulatory organization consents, 

the Commission shall either approve the 

proposed rule change, disapprove the 

proposed rule change, or institute 

proceedings to determine whether the 

proposed rule change should be 

disapproved. The 45th day after 

publication of the notice for the 

Proposed Rule Change is effectively 

Friday, August 27, 2021. 

The Commission is extending the 45- 

day review period for Commission 

action on the Proposed Rule Change. In 

order to provide the Commission with 

sufficient time to consider the Proposed 

Rule Change, the Commission finds that 

it is appropriate to designate a longer 

period within which to take action on 

the Proposed Rule Change. 

Accordingly, pursuant to Section 

19(b)(2) of the Act 6 and for the reasons 

stated above, the Commission 

designates Friday, October 8, 2021, as 

the date by which the Commission shall 

either approve, disapprove, or institute 

proceedings to determine whether to 

disapprove the Proposed Rule Change 

(File No. SR–FICC–2021–004). 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.7

Jill M. Peterson, 

Assistant Secretary. 

[FR Doc. 2021–18671 Filed 8–30–21; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[SEC File No. 270–269; OMB Control No. 

3235–0276] 

Proposed Collection; Comment 

Request 

Upon Written Request, Copies Available 

From: Securities and Exchange 

Commission, Office of FOIA Services, 

100 F Street NE, Washington, DC 

20549–2736. 

Extension: Rule 6c–7 

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’’) is soliciting comments 

on the collection of information 

summarized below. The Commission 

plans to submit this existing collection 

of information to the Office of 

Management and Budget for extension 

and approval. 

Rule 6c–7 (17 CFR 270.6c–7) under 

the Investment Company Act of 1940 

(15 U.S.C. 80a-1 et seq.) (‘‘1940 Act’’) 

provides exemption from certain 

provisions of Sections 22(e) and 27 of 

the 1940 Act for registered separate 

accounts offering variable annuity 

contracts to certain employees of Texas 

institutions of higher education 

participating in the Texas Optional 

Retirement Program. There are 

approximately 142 registrants governed 

by Rule 6c–7. The burden of compliance 

with Rule 6c–7, in connection with the 

registrants obtaining from a purchaser, 

prior to or at the time of purchase, a 

signed document acknowledging the 

restrictions on redeem ability imposed 

by Texas law, is estimated to be 

approximately 3 minutes of professional 

time per response for each of 

approximately 6,500 purchasers 

annually (at an estimated $72 per 

hour),1 for a total annual burden of 325 

hours (at a total annual cost of $23,400). 

The estimate of average burden hours 

is 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 or forms. The 

Commission does not include in the 

estimate of average burden hours the 

time preparing registration statements 

and sales literature disclosure regarding 

the restrictions on redeem ability 

imposed by Texas law. The estimate of 

burden hours for completing the 

relevant registration statements are 

reported on the separate PRA 

submissions for those statements. (See 

the separate PRA submissions for Form 

N–3 (17 CFR 274.11b) and Form N–4 (17 

CFR 274.11c).) 

The Commission requests written 

comments on: (a) Whether the proposed 

collection of information is necessary 

for the proper performance of the 

functions of the agency, including 

whether the information will have 

practical utility; (b) the accuracy of the 


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