29420 Federal Register / Vol. 87, No. 93 / Friday, May 13, 2022 / Notices 

7 5 nonbank SBSDs × 250 hours = 1,250 hours. 

8 (250 hours/3 years) + 1,250 hours = 1,333.33 

hours, rounded down to 1,333 hours. 

9 5 nonbank SBSDs × $400/hour × 5 hours= 

$10,000. This amount annualized is $3,333.33 per 

nonbank SBSD, rounded down to $3,333. 

a total industry-wide annual hour 

burden of approximately 1,250 

recordkeeping hours.7 Taken together, 

the Commission estimates an annual 

industry-wide hour burden of 

approximately 1,333 hours.8

The total annual hour burden 

associated with Rule 18a–3 is thus 

approximately 2,243 hours (910 hours + 

1,333 hours). 

The total annual cost burden 

associated with Rule 18a–3 is 

approximately $3,333 calculated as 

follows: 

The 7 respondents subject to the 

collection of information may incur 

start-up costs in order to comply with 

this collection of information. These 

costs may vary depending on the size 

and complexity of the nonbank SBSD. 

In addition, the start-up costs may be 

less for the 2 nonbank SBSD 

respondents also registered as brokerdealers because these firms may already 

be subject to similar requirements with 

respect to other margin rules. For the 

remaining 5 nonbank SBSDs, because 

these written procedures may be novel 

undertakings for these firms, the 

Commission staff assumes these 

nonbank SBSDs will have their written 

risk analysis methodology reviewed by 

outside counsel. Therefore, the staff 

estimates that these 5 nonbank SBSDs 

will engage an outside counsel to review 

their written risk analysis methodology, 

at a rate of approximately $400 per hour 

for 5 hours (i.e., $2,000 in legal costs). 

This will result in a one-time industrywide external recordkeeping cost of 

approximately $10,000, or 

approximately $3,333 per year 9

annualized over 3 years. 

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 

July 12, 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: May 9, 2022. 

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2022–10285 Filed 5–12–22; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[SEC File No. 270–54, OMB Control No. 

3235–0056] 

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: 

Form 8–A 

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 

(‘‘Commission’’) has submitted to the 

Office of Management and Budget this 

request for extension of the previously 

approved collection of information 

discussed below. 

Form 8–A (17 CFR 249.208a) is a 

registration statement used to register a 

class of securities under Section 12(b) or 

Section 12(g) of the Securities Exchange 

Act of 1934 (15 U.S.C. 78l(b) and 78l(g)) 

(‘‘Exchange Act’’). Section 12(a) (15 

U.S.C. 78l(a)) of the Exchange Act 

makes it unlawful for any member, 

broker, or dealer to effect any 

transaction in any security (other than 

an exempted security) on a national 

securities exchange unless such security 

has been registered under the Exchange 

Act (15 U.S.C. 78a et seq.). Exchange 

Act Section 12(b) establishes the 

registration procedures. Exchange Act 

Section 12(g) requires an issuer that is 

not a bank or bank holding company to 

register a class of equity securities (other 

than exempted securities) within 120 

days after its fiscal year end if, on the 

last day of its fiscal year, the issuer has 

total assets of more than $10 million 

and the class of equity securities is 

‘‘held of record’’ by either (i) 2,000 

persons, or (ii) 500 persons who are not 

accredited investors. An issuer that is a 

bank or a bank holding company, must 

register a class of equity securities (other 

than exempted securities) within 120 

days after the last day of its first fiscal 

year ended after the effective date of the 

JOBS Act if, on the last day of its fiscal 

year, the issuer has total assets of more 

than $10 million and the class of equity 

securities is ‘‘held of record’’ by 2,000 

or more persons. The information must 

be filed with the Commission on 

occasion. Form 8–A is a public 

document. Form 8–A takes 

approximately 3 hours to prepare and is 

filed by approximately 1,376 

respondents for a total annual reporting 

burden of 4,128 hours (3 hours per 

response × 1,376 responses). 

An agency may conduct or sponsor, 

and a person is not required to respond 

to, a collection of information unless it 

displays a currently valid control 

number. 

The public may view background 

documentation for this information 

collection at the following website: 

www.reginfo.gov. Find this particular 

information collection by selecting 

‘‘Currently under 30-day Review—Open 

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. 2022–10288 Filed 5–12–22; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–94874; File No. SR–MIAX– 

2022–16] 

Self-Regulatory Organizations; Miami 

International Securities Exchange, 

LLC; Notice of Withdrawal of Proposed 

Rule Change To Amend the MIAX Fee 

Schedule To Adopt a Tiered-Pricing 

Structure for Additional Limited 

Service MIAX Express Interface Ports 

May 9, 2022. 

On April 1, 2022, Miami International 

Securities Exchange, LLC (‘‘MIAX’’ or 


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Federal Register / Vol. 87, No. 93 / Friday, May 13, 2022 / Notices 29421 

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 No. 94720 

(April 14, 2022), 87 FR 23586. 

7 17 CFR 200.30–3(a)(12). 

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

2 17 CFR 240.19b–4. 

3The term ‘‘MIAX Select Symbols’’ means 

options overlying AAL, AAPL, AIG, AMAT, AMD, 

AMZN, BA, BABA, BB, BIDU, BP, C, CAT, CLF, 

CVX, DAL, EBAY, EEM, FB, FCX, GE, GILD, GLD, 

GM, GOOGL, GPRO, HAL, INTC, IWM, JNJ, JPM, 

KMI, KO, MO, MRK, NFLX, NOK, ORCL, PBR, PFE, 

PG, QCOM, QQQ, RIG, SPY, T, TSLA, USO, VALE, 

WBA, WFC, WMB, X, XHB, XLE, XLF, XLP, XOM 

and XOP. 

4See section 1)a)iii) of the Fee Schedule for a 

complete description of the PCRP. 

5See Securities Exchange Act Release No. 71700 

(March 12, 2014), 79 FR 15188 (March 18, 2014) 

(SR–MIAX–2014–13). 

6See Securities Exchange Act Release Nos. 89530 

(August 12, 2020), 85 FR 50845 (August 18, 2020) 

(SR–MIAX–2020–26); 88850 (May 11, 2020), 85 FR 

29497 (May 15, 2020) (SR–MIAX–2020–09); 87964 

(January 14, 2020), 85 FR 3435 (January 21, 2020) 

(SR–MIAX–2020–01); 87790 (December 18, 2019), 

84 FR 71037 (December 26, 2019) (SR–MIAX–2019– 

49); 85314 (March 14, 2019), 84 FR 10359 (March 

20, 2019) (SR–MIAX–2019–07; 81998 (November 2, 

2017), 82 FR 51897 (November 8, 2017) (SR–MIAX– 

2017–45); 81019 (June 26, 2017), 82 FR 29962 (June 

30, 2017) (SR–MIAX–2017–29); 79301 (November 

14, 2016), 81 FR 81854 (November 18, 2016) (SR– 

MIAX–2016–42); 74291 (February 18, 2015), 80 FR 

9841 (February 24, 2015) (SR–MIAX–2015–09); 

74288 (February 18, 2015), 80 FR 9837 (February 

24, 2015) (SR–MIAX–2015–08); 73328 (October 9, 

2014), 79 FR 62230 (October 16, 2014) (SR–MIAX– 

2014–50); 72567 (July 8, 2014), 79 FR 40818 (July 

14, 2014) (SR–MIAX–2014–34); 72356 (June 10, 

2014), 79 FR 34384 (June 16, 2014) (SR–MIAX– 

2014–26); 71700 (March 12, 2014), 79 FR 15188 

(March 18, 2014) (SR–MIAX–2014–13). 

7See Securities Exchange Act Release No. 88988 

(June 2, 2020), 85 FR 35153 (June 8, 2020) (SR– 

MIAX–2020–13). See also Exchange Rule 510(c). 

8See Securities Exchange Act Release Nos. 55154 

(January 23, 2007), 72 FR 4743 (February 1, 2007) 

(SR–CBOE–2006–92); 55161 (January 24, 2007), 72 

FR 4754 (February 1, 2007) (SR–ISE–2006–62); 

54886 (December 6, 2006), 71 FR 74979 (December 

13, 2006) (SR–Phlx–2006–74); 54590 (October 12, 

2006), 71 FR 61525 (October 18, 2006) (SR– 

NYSEArca–2006–73); and 54741 (November 9, 

2006), 71 FR 67176 (November 20, 2006) (SR– 

Amex–2006–106). 

9See MIAX Listing Alert (March 31, 2022), 

available at https://www.miaxoptions.com/alerts/ 

2022/03/31/miax-exchange-group-options-marketsoption-classes-be-removed-penny-interval. 

‘‘Exchange’’) 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 

amend the Exchange’s Fee Schedule to 

adopt a tiered-pricing structure for 

additional limited service express 

interface ports. 

The proposed rule change was 

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 change was 

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 change; and (2) instituted 

proceedings under Section 19(b)(2)(B) of 

the Act 5 to determine whether to 

approve or disapprove the proposed 

rule change.6 On May 2, 2022, the 

Exchange withdrew the proposed rule 

change (SR–MIAX–2022–16). 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.7

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2022–10258 Filed 5–12–22; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–94878; File No. SR–MIAX– 

2022–18] 

Self-Regulatory Organizations; Miami 

International Securities Exchange LLC; 

Notice of Filing and Immediate 

Effectiveness of a Proposed Rule 

Change To Amend Its Fee Schedule for 

the Priority Customer Rebate Program 

May 9, 2022. 

Pursuant to the provisions of 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 29, 2022, Miami International 

Securities Exchange LLC (‘‘MIAX’’ or 

‘‘Exchange’’) filed with the Securities 

and Exchange Commission 

(‘‘Commission’’) a proposed rule change 

as described in Items I, II, and III 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 is filing a proposal to 

amend the MIAX Options Fee Schedule 

(the ‘‘Fee Schedule’’). 

The text of the proposed rule change 

is available on the Exchange’s website at 

http://www.miaxoptions.com/rulefilings, at MIAX’s principal office, 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 amend 

footnote 14 referenced in Section 1)a)iii) 

of the Fee Schedule to amend the list of 

MIAX Select Symbols 3 contained in the 

Priority Customer Rebate Program 

(‘‘PCRP’’) 4 to remove symbol ‘‘AIG,’’ 

(American International Group, Inc.) 

from the Select Symbols list. 

The Exchange initially created the list 

of MIAX Select Symbols on March 1, 

2014,5 and has added and removed 

option classes from that list since that 

time.6 Select Symbols are rebated 

slightly higher in certain PCRP tiers and 

segment than non-Select Symbols. The 

Exchange notes that historically, Select 

Symbols generally include a subset of 

classes of options that are included in 

the Penny Interval Program, an 

industry-wide program that provides for 

the quoting and trading of certain option 

classes in penny increments (the 

‘‘Penny Program’’).7 The Penny Program 

allows the quoting and trading of certain 

option classes in minimum increments 

of $0.01 for all series in such option 

classes with a price of less than $3.00; 

and in minimum increments of $0.05 for 

all series in such option classes with a 

price of $3.00 or higher. The Penny 

Program was initiated as a pilot program 

at the then existing option exchanges in 

January 2007,8 was made a permanent 

program in 2020, and currently includes 

more than 300 of the most actively 

traded option classes. 

On March 31, 2022, the Exchange 

issued an alert that the Select symbol 

‘‘AIG’’ would no longer be included in 

the Penny Program industry-wide as of 

April 1, 2022.9 Accordingly, for 

business and competitive reasons, the 

Exchange proposes to amend the Fee 

Schedule to remove the symbol ‘‘AIG’’ 

from the list of MIAX Select Symbols 

contained in the PCRP as that Select 


lotter on DSK11XQN23PROD with NOTICES1