Federal Register / Vol. 87, No. 122 / Monday, June 27, 2022 / Notices 38249 

12 15 U.S.C. 78(b)(3)(A). 

13 17 CFR 240.19b–4(f)(6). 

14 15 U.S.C. 78s(b)(3)(A). 

15 17 CFR 240.19b–4(f)(6). In addition, Rule 19b– 

4(f)(6)(iii) requires the Exchange to give the 

Commission written notice of the Exchange’s intent 

to file the proposed rule change, along with a brief 

description and text of the proposed rule change, 

at least five business days prior to the date of filing 

of the proposed rule change, or such shorter time 

as designated by the Commission. The Exchange 

has satisfied this requirement. 

16 17 CFR 240.19b–4(f)(6). 

17 17 CFR 240.19b–4(f)(6). 

18See Article X of the ICE Certificate and Article 

XI, Section 11.3, of the ICE Bylaws. 

19For purposes only of waiving the 30-day 

operative delay, the Commission also has 

considered the proposed rule’s impact on 

efficiency, competition, and capital formation. See 

15 U.S.C. 78c(f). 20 17 CFR 200.30–3(a)(12), (59). 

request of holders of in the aggregate at 

least 20% of the outstanding shares of 

ICE’s common stock, and (c) make nonsubstantive and conforming changes. 

The proposed rule change does not 

impact the governance or ownership of 

the Exchange. It would not amend 

existing provisions regarding filing any 

proposed amendments of the ICE 

Certificate or ICE Bylaws with the 

Commission and obtaining Commission 

approval where required. The Exchange 

believes that the proposed rule change 

will serve to promote clarity and 

consistency, thereby reducing burdens 

on the marketplace and facilitating 

investor protection. 

C. Self-Regulatory Organization’s 

Statement on Comments on the 

Proposed Rule Change Received From 

Members, Participants, or Others 

No written comments were solicited 

or received with respect to the proposed 

rule change. 

III. Date of Effectiveness of the 

Proposed Rule Change and Timing for 

Commission Action 

The Exchange has filed the proposed 

rule change pursuant to Section 

19(b)(3)(A) of the Act 12 and Rule 19b– 

4(f)(6) 13 thereunder. Because the 

foregoing proposed rule change does 

not: (i) significantly affect the protection 

of investors or the public interest; (ii) 

impose any significant burden on 

competition; and (iii) 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 14 and Rule 19b– 

4(f)(6) 15 thereunder. 

A proposed rule change filed under 

Rule 19b–4(f)(6) 16 normally does not 

become operative prior to 30 days after 

the date of the filing. However, pursuant 

to Rule 19b–4(f)(6)(iii),17 the 

Commission may designate a shorter 

time if such action is consistent with the 

protection of investors and the public 

interest. The Exchange has asked the 

Commission to waive the 30-day 

operative delay so that it may become 

operative immediately upon filing to 

allow ICE to implement the proposed 

changes as soon as possible. The 

Commission notes that the proposed 

changes would affect the operations of 

the Exchange’s ultimate parent, not the 

Exchange itself, and would not impact 

the governance, ownership and 

regulation of the Exchange. Further, the 

proposed changes retain without 

amendment the provisions regarding 

filing any proposed amendments of the 

ICE Certificate or ICE Bylaws with the 

Commission and obtaining Commission 

approval where required.18 Therefore, 

the Commission believes that waiving 

the 30-day operative delay is consistent 

with the protection of investors and the 

public interest. Accordingly, the 

Commission designates the proposed 

rule change to be operative upon 

filing.19

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. 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– 

NYSECHX–2022–12 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–NYSECHX–2022–12. 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–NYSECHX–2022–12 and 

should be submitted on or before July 

18, 2022. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.20

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2022–13590 Filed 6–24–22; 8:45 am] 

BILLING CODE 8011–01–P 

SMALL BUSINESS ADMINISTRATION 

[License No. 01/01–0412] 

Surrender of License of Small 

Business Investment Company; North 

Atlantic SBIC IV, L.P. 

Pursuant to the authority granted to 

the United States Small Business 

Administration under the Small 

Business Investment Act of 1958, as 

amended, under Section 309 of the Act 

and Section 107.1900 of the Small 

Business Administration Rules and 

Regulations (13 CFR 107.1900) to 

function as a small business investment 

company under the Small Business 

Investment Company License No. 01/ 

01–0412 issued to North Atlantic SBIC 


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38250 Federal Register / Vol. 87, No. 122 / Monday, June 27, 2022 / Notices 

1These numbers do not include over 5,000 

lenders that participated in the Paycheck Protection 

Program (PPP) that issued approximately 11.8 

million guaranteed, forgivable loans for $800 

billion. 

2SBLCs and NFRLs are defined in 15 U.S.C. 

632(r) and 13 CFR 120.10. 

3Safety and Soundness Examinations are only 

performed on SBA Supervised Lenders in the 7(a) 

program. SBA Supervised Lenders include SBA 

licensed Small Business Lending Companies and 

Non-Federally Regulated Lenders as defined in 13 

CFR 120.10. Analytical Reviews and Full Reviews 

are performed on 7(a) Lenders and CDCs. 

4For purposes of this notice, Third-party vendors 

include, for example, Loan Agents (e.g., Packagers 

and Lender Service Providers) and Professional 

Managers with management contracts. 

5FTA refers to SBA’s Fiscal and Transfer Agent. 

7(a) Lenders that sell SBA loans in the Secondary 

Market are required by the terms of the Form 1086, 

Secondary Participation Guaranty Agreement, to 

deposit the guaranteed portion of loan payments in 

a segregated account for the benefit of investors. 

6SBA Supervised Lenders are a relatively small 

subset of 7(a) Lenders. 7(a) Lenders include SBA 

Supervised Lenders and 7(a) Lenders with a Federal 

Financial Institution Regulator as defined by 13 

CFR 120.10 (i.e., lenders regulated by the Federal 

Deposit Insurance Corporation, the Office of the 

Comptroller of the Currency, the Federal Reserve 

Board, the National Credit Union Administration, 

and/or the Farm Credit Administration). 

IV, LP, said license is hereby declared 

null and void. 

Bailey DeVries, 

Associate Administrator, Office of Investment 

and Innovation. 

[FR Doc. 2022–13625 Filed 6–24–22; 8:45 am] 

BILLING CODE 8026–03–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 members of the public an 

additional 30 days to provide comments 

on the proposed collection of 

information. 

DATES: Submit comments on or before 

July 27, 2022. 

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: SBA’s 

Office of Credit Risk Management 

(OCRM) is responsible for the oversight 

and supervision of the SBA operations 

of over 3100 7(a) Lenders, Certified 

Development Companies (‘‘CDCs’’), and 

Microloan Intermediaries 

(‘‘Intermediaries’’) that participate in 

SBA’s business loan programs and is 

responsible for enforcement of the 

applicable rules and regulations. 

Currently, the Agency guarantees more 

than $110 billion dollars in small 

business loans through these programs.1

The information collection described in 

detail below helps OCRM protect the 

safety and soundness of the business 

loan programs and taxpayer dollars. 

In general, SBA collects information 

in connection with reviews for 

Federally-regulated 7(a) Lenders, CDCs, 

and SBA Supervised Lenders including 

Small Business Lending Companies 

(SBLCs) and Non-Federally Regulated 

Lenders (NFRLs).2 SBA also requests 

certain information when it conducts 

Microloan Intermediary Site Visits. The 

discussion below identifies the nature of 

the information to be collected for each 

type of lender and the related review or 

examination. In addition, SBA has 

created separate lists, which are also 

discussed below, to clearly identify the 

information to be collected. 

I. 7(a) Lender Diagnostic, Limited 

Scope, Limited Scope (Targeted) 

Reviews; CDC SMART Analytical and 

Full Reviews; and Supervised Lender 

Safety and Soundness Exams 

A. Common Information Collected 

For all reviews, and Safety and 

Soundness examinations 3 of 7(a) 

Lenders and CDCs, as applicable, in 

general, SBA requests information 

related to the 7(a) Lender’s or CDC’s 

management and operation, eligibility of 

its SBA loans for SBA guaranty, 

compliance with SBA Loan Program 

Requirements, credit administration, 

and performance of its SBA loan 

portfolio. 

1. Management and Operations: The 

information requested generally 

includes the SBA program organization 

chart with responsibilities, business 

plan, financial and program audits, 

evidence of Lender compliance with 

regulatory orders and agreements (if 

applicable and as appropriate), and staff 

training on SBA lending. 

2. Eligibility and Credit 

Administration: In reviewing these 

areas, SBA may request the Lender’s or 

CDC’s credit policies and procedures; 

servicing policies and procedures; loan 

sample files; independent loan reviews; 

underwriting, loan credit scoring, risk 

rating methodologies; and information 

on loans approved as exceptions to 

policy. 

3. Compliance with Loan Program 

Requirements: Here, SBA generally 

collects information on services and fees 

charged for Lenders’ third-party 

vendors,4 Lender’s FTA 5 trust account, 

and Lender’s use of the System for 

Awards Management to perform agent 

due diligence. For CDCs, SBA collects 

additional information related to Loan 

Program Requirements as described 

below in Section I.C. 

4. Portfolio Performance: In 

considering Lender or CDC portfolio 

performance, SBA may request that 

lenders provide a listing of loans 

indicating those past due, those with 

servicing actions, individual risk 

ratings, and those in liquidation or 

purchased for SBA to compare with 

SBA data. SBA may also request that 

lenders provide an explanation for risks 

identified (e.g., identified by higher risk 

metrics or PARRiS flags triggered). 

Further detail on the information SBA 

collects in reviews, and Safety and 

Soundness Exams is contained in the 

SBA Supervised Lender Safety and 

Soundness Examination/Full Review 

Information Request; 7(a) Lender 

Diagnostic Review Request; 7(a) Lender 

Limited Scope Review Request; 7(a) 

Lender Limited Scope (Targeted) 

Review Request; CDC SMART 

Analytical Review Information Request; 

and CDC SMART Full Review 

Information Request. Each Information 

Request document is available upon 

request. 

B. SBA Supervised Lender 

Supplemental Information for Safety 

and Soundness Exams 

SBA is the primary Federal regulator 

for SBA licensed SBLCs and NFRLs that 

participate in the 7(a) program.6

Because SBA is the primary Federal 

regulator, SBA performs comprehensive 

exams that require information in 

addition to that referenced in Section 

I.A. Specifically, for SBA Supervised 

Lender examinations, SBA additionally 

requests corporate governance 


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