29418 Federal Register / Vol. 87, No. 93 / Friday, May 13, 2022 / Notices 

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

2 17 CFR 240.19b–4. 

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

may take effect upon filing with the Commission if 

it is designated by the exchange as ‘‘establishing or 

changing a due, fee, or other charge imposed by the 

self-regulatory organization on any person, whether 

or not the person is a member of the self-regulatory 

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

4 15 U.S.C. 78s(b)(3)(C). 

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

6See Securities Exchange Act Release Nos. 94716 

(April 14, 2022), 87 FR 23616 (SR–MIAX–2022–15); 

and 94715 (April 14, 2022), 87 FR 23674 (SR– 

EMERALD–2022–14). 

7 17 CFR 200.30–3(a)(12). 

for Public Comments’’ or by using the 

search function. Written comments and 

recommendations for the proposed 

information collection should be sent 

within 30 days of publication of this 

notice by June 13, 2022 to (i) 

www.reginfo.gov/public/do/PRAMain 

and (ii) David Bottom, Director/Chief 

Information Officer, Securities and 

Exchange Commission, c/o John 

Pezzullo, 100 F Street NE, Washington, 

DC 20549, or by sending an email to: 

PRA_Mailbox@sec.gov. 

Dated: May 9, 2022. 

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2022–10291 Filed 5–12–22; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–94870; File Nos. SR–MIAX– 

2022–15, SR–EMERALD–2022–14] 

Self-Regulatory Organizations; Miami 

International Securities Exchange, LLC 

and MIAX Emerald, LLC; Notice of 

Withdrawal of Proposed Rule Changes 

To Establish Fees for the Exchanges’ 

cToM Market Data Products 

May 9, 2022. 

On April 1, 2022, Miami International 

Securities Exchange, LLC (‘‘MIAX’’) and 

MIAX Emerald, LLC (‘‘MIAX Emerald’’) 

(collectively, the ‘‘Exchanges’’) each 

filed with the Securities and Exchange 

Commission (‘‘Commission’’), pursuant 

to Section 19(b)(1) of the Securities 

Exchange Act of 1934 (‘‘Act’’),1 and 

Rule 19b–4 thereunder,2 a proposed rule 

change to establish fees for, 

respectively, the MIAX Complex Top of 

Market (‘‘cToM’’) and the MIAX 

Emerald cToM market data products. 

The proposed rule changes were 

immediately effective upon filing with 

the Commission pursuant to Section 

19(b)(3)(A) of the Act.3 On April 20, 

2022, the proposed rule changes were 

published for comment in the Federal 

Register and, pursuant to Section 

19(b)(3)(C) of the Act,4 the Commission: 

(1) Temporarily suspended the 

proposed rule changes; and (2) 

instituted proceedings under Section 

19(b)(2)(B) of the Act 5 to determine 

whether to approve or disapprove the 

proposed rule changes.6 On April 29, 

2022, the Exchanges withdrew the 

proposed rule changes (SR–MIAX– 

2022–15, SR–EMERALD–2022–14). 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.7

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2022–10254 Filed 5–12–22; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[SEC File No. 270–549, OMB Control No. 

3235–0610] 

Submission for OMB Review; 

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 248.30 

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’’) has submitted to the 

Office of Management and Budget a 

request for extension of the previously 

approved collection of information 

discussed below. 

Rule 248.30 (17 CFR 248.30) under 

Regulation S–P is titled ‘‘Procedures to 

Safeguard Customer Records and 

Information; Disposal of Consumer 

Report Information.’’ Rule 248.30 (the 

‘‘safeguard rule’’) requires brokers, 

dealers, investment companies, and 

investment advisers registered with the 

Commission (‘‘registered investment 

advisers’’) (collectively ‘‘covered 

institutions’’) to adopt written policies 

and procedures for administrative, 

technical, and physical safeguards to 

protect customer records and 

information. The safeguards must be 

reasonably designed to ‘‘insure the 

security and confidentiality of customer 

records and information,’’ ‘‘protect 

against any anticipated threats or 

hazards to the security and integrity’’ of 

those records, and protect against 

unauthorized access to or use of those 

records or information, which ‘‘could 

result in substantial harm or 

inconvenience to any customer.’’ The 

safeguard rule’s requirement that 

covered institutions’ policies and 

procedures be documented in writing 

constitutes a collection of information 

and must be maintained on an ongoing 

basis. This requirement eliminates 

uncertainty as to required employee 

actions to protect customer records and 

information and promotes more 

systematic and organized reviews of 

safeguard policies and procedures by 

institutions. The information collection 

also assists the Commission’s 

examination staff in assessing the 

existence and adequacy of covered 

institutions’ safeguard policies and 

procedures. 

We estimate that as of the end of 

2020, there are 3,681 broker-dealers, 

2,840 investment companies, and 

13,788 investment advisers registered 

with the Commission, for a total of 

20,309 covered institutions. We believe 

that all of these covered institutions 

have already documented their 

safeguard policies and procedures in 

writing and therefore will incur no 

hourly burdens related to the initial 

documentation of policies and 

procedures. Although existing covered 

institutions would not incur any initial 

hourly burden in complying with the 

safeguards rule, we expect that newly 

registered institutions would incur some 

hourly burdens associated with 

documenting their safeguard policies 

and procedures. We estimate that 

approximately 1,375 broker-dealers, 

investment companies, or investment 

advisers register with the Commission 

annually. However, we also expect that 

approximately 20% of these newly 

registered covered institutions, or 372 

institutions, are affiliated with an 

existing covered institution, and will 

rely on an organization-wide set of 

previously documented safeguard 

policies and procedures created by their 

affiliates. We estimate that these 

affiliated newly registered covered 

institutions will incur a significantly 

reduced hourly burden in complying 

with the safeguards rule, as they will 

need only to review their affiliate’s 

existing policies and procedures, and 

identify and adopt the relevant policies 

for their business. Therefore, we expect 

that newly registered covered 

institutions with existing affiliates will 

incur an hourly burden of 

approximately 15 hours in identifying 

and adopting safeguard policies and 

procedures for their business, for a total 

hourly burden for all affiliated new 

institutions of 5,580 hours. We expect 

that half of this time would be incurred 

by inside counsel at an hourly rate of 


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