Federal Register / Vol. 87, No. 80 / Tuesday, April 26, 2022 / Notices 24601 

8 15 U.S.C. 78q–1(b)(3)(F). 

9 17 CFR 240.17Ad–22(e)(10). 

10 17 CFR 240.17Ad–22(e)(10). 

11 15 U.S.C. 78s(b)(3)(A). 12 17 CFR 240.19b–4(f). 13 17 CFR 200.30–3(a)(12). 

the amendments would not affect the 

safeguarding of funds or securities in 

the custody or control of the clearing 

agency or for which it is responsible, 

within the meaning of Section 

17A(b)(3)(F).8) 

In addition, Rule 17Ad–22(e)(10) 9

provides that ‘‘[e]ach covered clearing 

agency shall establish, implement, 

maintain and enforce written policies 

and procedures reasonable designed to, 

as applicable [. . .] establish and 

maintain transparent written standards 

that state its obligations with respect to 

the delivery of physical instruments, 

and establish and maintain operational 

practices that identify, monitor and 

manage the risks associated with such 

physical deliveries.’’ As discussed 

above, the amendments would include 

in Part N procedures applicable to the 

settlement of ICE Deliverable Carbon 

Credit Contracts that are to be settled by 

delivery through a Registry approved by 

the Clearing House. The procedures 

would address, among other matters and 

in line with the procedures applicable 

to ICE Deliverable US Emissions 

Contracts, bilateral delivery 

specifications for ICE Deliverable 

Carbon Credit Contracts, limitation of 

liability for the Clearing House and ICE 

Futures Europe in respect of the 

delivery of such contracts, and certain 

other documentation and timing 

matters, consistent with the 

requirements of the Clearing House. 

Clearance of the ICE Deliverable Carbon 

Credit Contracts would be supported by 

ICE Clear Europe’s existing financial 

resources, risk management, systems 

and operational arrangements. The 

amendments thus appropriately clarify 

the role and responsibilities of the 

Clearing House and Clearing Members 

with respect to physical delivery. As a 

result, ICE Clear Europe believes the 

amendments are consistent with the 

requirements of Rule 17Ad–22(e)(10).10

(B) Clearing Agency’s Statement on 

Burden on Competition 

ICE Clear Europe does not believe the 

proposed amendments would have any 

impact, or impose any burden, on 

competition not necessary or 

appropriate in furtherance of the 

purposes of the Act. The proposed 

amendments to the Delivery Procedures 

are intended to establish delivery 

procedures for a new contract to be 

traded on ICE Futures Europe and 

cleared at ICE Clear Europe, the ICE 

Deliverable Carbon Credit Contracts. 

Delivery of ICE Deliverable Carbon 

Credit Contracts will be made through a 

Registry approved by the Clearing 

House. ICE Clear Europe does not 

believe the amendments would 

adversely affect competition among 

Clearing Members, materially affect the 

cost of clearing, adversely affect access 

to clearing in the new contracts for 

Clearing Members or their customers, or 

otherwise adversely affect competition 

in clearing services. Accordingly, ICE 

Clear Europe does not believe that the 

amendments would impose any impact 

or burden on competition that is not 

appropriate in furtherance of the 

purpose of the Act. 

(C) Clearing Agency’s Statement on 

Comments on the Proposed Rule 

Change Received From Members, 

Participants or Others 

Written comments relating to the 

proposed amendments have not been 

solicited or received by ICE Clear 

Europe. ICE Clear Europe will notify the 

Commission of any comments received 

with respect to the proposed rule 

change. 

III. Date of Effectiveness of the 

Proposed Rule Change and Timing for 

Commission Action 

The foregoing rule change has become 

effective pursuant to Section 19(b)(3)(A) 

of the Act 11 and paragraph (f) of Rule 

19b–4 12 thereunder. 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. 

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– 

ICEEU–2022–009 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–ICEEU–2022–009. 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 such 

filings will also be available for 

inspection and copying at the principal 

office of ICE Clear Europe and on ICE 

Clear Europe’s website at https://

www.theice.com/clear-europe/ 

regulation. 

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–ICEEU–2022–009 

and should be submitted on or before 

May 17, 2022. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.13

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2022–08799 Filed 4–25–22; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[SEC File No. 270–019, OMB Control No. 

3235–0012] 

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 


jspears on DSK121TN23PROD with NOTICES1
24602 Federal Register / Vol. 87, No. 80 / Tuesday, April 26, 2022 / Notices 

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

2 17 CFR 240.19b–4. 

3See Securities Exchange Act Release No. 62886 

(September 10, 2010), 75 FR 56613 (September 16, 

2010) (SR–NASDAQ–2010–076). 

Extension: 

Rule 15b1–1/Form BD 

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 collection of information 

provided for in Rule 15b1–1 (17 CFR 

240.15b1–1) and Form BD (17 CFR 

249.501) under the Securities Exchange 

Act of 1934 (17 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. 

Form BD is the application form used 

by firms to apply to the Commission for 

registration as a broker-dealer, as 

required by Rule 15b1–1. Form BD also 

is used by firms other than banks and 

registered broker-dealers to apply to the 

Commission for registration as a 

municipal securities dealer or a 

government securities broker-dealer. In 

addition, Form BD is used to change 

information contained in a previous 

Form BD filing that becomes inaccurate. 

The total industry-wide annual time 

burden imposed by Form BD is 

approximately 3,703 hours, based on 

approximately 9,842 responses (175 

initial filings + 9,667 amendments). 

Each application filed on Form BD 

requires approximately 2.75 hours to 

complete and each amended Form BD 

requires approximately 20 minutes to 

complete. (175 × 2.75 hours = 481 

hours; 9,667 × 0.33333333 hours = 3,222 

hours; 481 hours + 3,222 hours = 3,703 

hours.) The staff believes that a brokerdealer would have a Compliance 

Manager complete and file both 

applications and amendments on Form 

BD at a cost of approximately $344/ 

hour. Consequently, the staff estimates 

that the total internal cost of compliance 

associated with the annual time burden 

is approximately $1,273,832 per year 

($344 × 3,703). 

The Commission uses the information 

disclosed by applicants in Form BD: (1) 

To determine whether the applicant 

meets the standards for registration set 

forth in the provisions of the Exchange 

Act; (2) to develop a central information 

resource where members of the public 

may obtain relevant, up-to-date 

information about broker-dealers, 

municipal securities dealers, and 

government securities broker-dealers, 

and where the Commission, other 

regulators, and SROs may obtain 

information for investigatory purposes 

in connection with securities litigation; 

and (3) to develop statistical 

information about broker-dealers, 

municipal securities dealers, and 

government securities broker-dealers. 

Without the information disclosed in 

Form BD, the Commission could not 

effectively implement policy objectives 

of the Exchange Act with respect to its 

investor protection function. 

Completing and filing Form BD is 

mandatory in order to engage in brokerdealer activity. Compliance with Rule 

15b1–1 does not involve the collection 

of confidential information. 

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 

June 27, 2022. 

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: David Bottom, Director/Chief 

Information Officer, Securities and 

Exchange Commission, c/o John 

Pezzullo, 100 F Street NE, Washington, 

DC 20549, or send an email to: PRA_

Mailbox@sec.gov. 

Dated: April 20, 2022. 

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2022–08778 Filed 4–25–22; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–94765; File No. SR–Phlx– 

2022–19] 

Self-Regulatory Organizations; Nasdaq 

PHLX LLC; Notice of Filing and 

Immediate Effectiveness of Proposed 

Rule Change To Extend the Clearly 

Erroneous Pilot Until July 20, 2022 

April 20, 2022. 

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 April 18, 

2022, Nasdaq PHLX LLC (‘‘Phlx’’ or 

‘‘Exchange’’) filed with the Securities 

and Exchange Commission (‘‘SEC’’ or 

‘‘Commission’’) the proposed rule 

change as described in Items I and II, 

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 extend the 

current pilot program related to Phlx 

Equity 4, Rule 3312 (Clearly Erroneous 

Transactions) to the close of business on 

July 20, 2022. 

The text of the proposed rule change 

is available on the Exchange’s website at 

https://listingcenter.nasdaq.com/ 

rulebook/phlx/rules, at the principal 

office of the Exchange, 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 purpose of the proposed rule 

change is to extend the current pilot 

program related to Equity 4, Rule 3312, 

Clearly Erroneous Transactions, to the 

close of business on July 20, 2022. The 

pilot program is currently due to expire 

on April 20, 2022. 

On September 10, 2010, the 

Commission approved, on a pilot basis, 

changes to Equity 4, Rule 3312 that, 

among other things: (i) Provided for 

uniform treatment of clearly 

erroneous execution reviews in multistock events involving twenty or more 

securities; and (ii) reduced the ability of 

the Exchange to deviate from the 

objective standards set forth in the rule.3


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