Federal Register / Vol. 87, No. 124 / Wednesday, June 29, 2022 / Notices 38807 

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

2 17 CFR 240.19b–4. 

3Securities Exchange Act Release No. 93857 

(December 22, 2021), 86 FR 74130 (December 29, 

2021) (File No. SR–FICC–2021–009) (‘‘Notice’’). 

4 15 U.S.C. 78s(b)(2). 

5Securities Exchange Act Release No. 94066 

(January 26, 2022), 87 FR 5523 (February 1, 2022) 

(File No. SR–FICC–2021–009). 

6 15 U.S.C. 78s(b)(2)(B). 

7Securities Exchange Act Release No. 94497 

(March, 23, 2022), 87 FR 18409 (March, 30, 2022) 

(File No. SR–FICC–2021–009). 

8 15 U.S.C. 78s(b)(2). 

9 15 U.S.C 78s(b)(2)(B)(ii)(II). 

10 Id. 

11 17 CFR 200.30–3(a)(57). 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–95144; File No. SR–FICC– 

2021–009] 

Self-Regulatory Organizations; Fixed 

Income Clearing Corporation; Notice of 

Designation of Longer Period for 

Commission Action on Proceedings To 

Determine Whether To Approve or 

Disapprove a Proposed Rule Change 

To Enhance Capital Requirements and 

Make Other Changes 

June 23, 2022. 

On December 13, 2021, Fixed Income 

Clearing Corporation (‘‘FICC’’) filed 

with the Securities and Exchange 

Commission (‘‘Commission’’) proposed 

rule change SR–FICC–2021–009 (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 The Proposed Rule 

Change was published for comment in 

the Federal Register on December 29, 

2021,3 and the Commission received no 

comment letters regarding the changes 

proposed in the Proposed Rule Change. 

On January 26, 2022, pursuant to 

Section 19(b)(2) of the Act,4 the 

Commission designated a longer period 

within which to approve, disapprove, or 

institute proceedings to determine 

whether to approve or disapprove the 

Proposed Rule Change.5 On March 23, 

2022, the Commission instituted 

proceedings, pursuant to Section 

19(b)(2)(B) of the Act,6 to determine 

whether to approve or disapprove the 

Proposed Rule Change.7

Section 19(b)(2) of the Act 8 provides 

that proceedings to determine whether 

to approve or disapprove a proposed 

rule change must be concluded within 

180 days of the date of publication of 

notice of filing of the proposed rule 

change. The time for conclusion of the 

proceedings may be extended for up to 

60 days if the Commission determines 

that a longer period is appropriate and 

publishes the reasons for such 

determination.9 The 180th day after 

publication of the Notice in the Federal 

Register is June 27, 2022. 

The Commission is extending the 

period for Commission action on 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 so 

that the Commission has sufficient time 

to consider the issues raised by the 

Proposed Rule Change and to take 

action on the Proposed Rule Change. 

Accordingly, pursuant to Section 

19(b)(2)(B)(ii)(II) of the Act,10 the 

Commission designates August 26, 

2022, as the date by which the 

Commission should either approve or 

disapprove the Proposed Rule Change 

SR–FICC–2021–009. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.11

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2022–13813 Filed 6–28–22; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[SEC File No. 270–382, OMB Control No. 

3235–0435] 

Proposed Collection; Comment 

Request; Extension: Customer 

Account Statements 

Upon Written Request, Copies Available 

From: Securities and Exchange 

Commission, Office of FOIA Services, 

100 F Street NE, Washington, DC 

20549–2736 

Notice is hereby given that pursuant 

to the Paperwork Reduction Act of 1995 

(44 U.S.C. 3501 et seq.) (‘‘PRA’’), the 

Securities and Exchange Commission 

(‘‘Commission’’) is soliciting comments 

on the existing collection of information 

provided for in Rule 607 (17 CFR 

242.607) under the Securities Exchange 

Act of 1934 (17 U.S.C. 78a et seq.) 

(‘‘Exchange Act’’). The Commission 

plans to submit this existing collection 

of information to the Office of 

Management and Budget) (‘‘OMB’’) for 

extension and approval. 

Rule 607 requires disclosure on each 

new account and on a yearly basis 

thereafter, on the annual statement, the 

firm’s policies regarding receipt of 

payment for order flow from any market 

makers, exchanges or exchange 

members to which it routes customers’ 

order in national market system 

securities for execution; and 

information regarding the aggregate 

amount of monetary payments, 

discounts, rebates or reduction in fees 

received by the firm over the past year. 

The information collected pursuant to 

Rule 607 is necessary to facilitate the 

establishment of a national market 

system for securities. The purpose of the 

rule is to ensure that customers are 

adequately apprised of the brokerdealer’s order routing practices with 

respect to the customer’s order, in 

furtherance of the Commission’s 

statutory mandate to protect investors. 

The Commission estimates that 

approximately 3,643 respondents will 

make the third-party disclosures 

required in the collection of information 

requirements to 183,511,801 customer 

accounts each year. The Commission 

estimates that the average number of 

hours necessary for each respondent to 

comply with Rule 607 per year is 39.714 

hours, which results in an average 

aggregated annual burden of 

144,678.102 hours. 

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 in 

writing by August 29, 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: June 23, 2022. 

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2022–13807 Filed 6–28–22; 8:45 am] 

BILLING CODE 8011–01–P 


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