Federal Register / Vol. 87, No. 134 / Thursday, July 14, 2022 / Notices 42257 

102 Id. at 83636–37. 

103See Second Motion, supra note 7, at 3 n.8. 

104 15 U.S.C. 78mm(a)(1). 

105 17 CFR 242.608(e). 

documents relating to the capture and 

reporting of rejected orders.’’ 102 The 

Participants represent in the Second 

Motion that they are reporting to the 

CAT ‘‘all messages rejected after receipt 

by an exchange.’’ 103 However, the 

Commission understands that the 

Participants are currently only reporting 

a subset of the rejected orders that are 

required to be reported by Section 6.3(d) 

and are working on implementing 

functionality that will permit the 

Participants to report additional rejected 

orders. 

To give the Participants and Industry 

Members sufficient time either to 

implement the required functionality or 

to obtain the Commission’s approval of 

an alternative solution, the Commission 

continues to believe that it is 

appropriate to grant temporary 

conditional exemptive relief from the 

requirement set forth in Rule 613(c)(7) 

and Section 6.3(d)(i) of the CAT NMS 

Plan that Participants ‘‘record and 

electronically report to the Central 

Repository’’ certain information for 

orders that are received and 

subsequently rejected, and from the 

requirement set forth in Appendix D, 

Section 3 of the CAT NMS Plan that 

‘‘[a]ll CAT Data’’ related to such orders 

be ‘‘processed and assembled to create 

the complete lifecycle of each 

Reportable Event.’’ However, in light of 

further developments in the interim 

period, the Commission believes it is 

appropriate for the Third Order to 

provide this exemptive relief until July 

31, 2024, and to replace the condition 

set forth in the Second Order with the 

following conditions: 

• The Participants must maintain or 

improve their existing reporting of 

orders that are received and 

subsequently rejected, including 

existing efforts towards implementing 

functionality that would permit the 

Participants to report additional rejected 

orders. 

• The Participants must provide, in 

Quarterly Progress Reports submitted 

pursuant to Section 6.6(c), factual 

indicators that describe any 

improvements to the Participants’ 

reporting of orders that are received and 

subsequently rejected, as well as 

improvements to the functionality that 

creates linkages for such orders. 

• To ensure that the Participants 

remain on track to either come into 

compliance with the requirements of the 

CAT NMS Plan or obtain the 

Commission’s approval of an alternative 

solution by July 31, 2024, the 

Participants and the Plan Processor 

must meet with Commission staff on at 

least a monthly basis to provide a 

detailed status update regarding their 

current efforts towards this goal and 

promptly respond to related requests for 

additional information or data. 

The Commission intends these 

conditions to preserve, as a baseline, the 

reporting functionality that is already in 

place and expects the Participants to 

provide the Commission with sufficient 

information to gather necessary insight 

into the Participants’ efforts to meet the 

requirements of the CAT NMS Plan. 

III. Conclusion 

Accordingly, it is hereby ordered, 

pursuant to Section 36(a)(1) of the 

Exchange Act 104 and Rule 608(e) under 

the Exchange Act,105 that the abovedescribed temporary conditional 

exemptive relief be granted. 

By the Commission. 

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2022–14982 Filed 7–13–22; 8:45 am] 

BILLING CODE 8011–01–P 

SMALL BUSINESS ADMINISTRATION 

Temporary 504 Express Loan Authority 

for Certified Development Companies 

Participating in the Accredited Lenders 

Program—Industries With a High Rate 

of Default 

The Economic Aid to Hard-Hit Small 

Businesses, Nonprofits, and Venues Act 

(Pub. L. 116–260) (‘‘Economic Aid Act’’) 

temporarily provides increased 

authority to Certified Development 

Companies (CDCs) participating in the 

Small Business Administration’s (SBA) 

Accredited Lenders Program (ALP) with 

respect to 504 loans that are not more 

than $500,000 and that are not made to 

a borrower in an industry with a high 

rate of default. The authority for ALP 

CDCs to make ALP Express Loans was 

implemented through an interim final 

rule published in the Federal Register 

on June 27, 2022 Vol. 97, No. 122 RIN 

3245–AH74. 

Section 328(b) of the Economic Aid 

Act further requires that SBA annually 

identify the industries with a high rate 

of default. Accordingly, on an annual 

basis, SBA will list the industries that 

it has determined have a high rate of 

default in a notice published in the 

Federal Register, with the first list 

published after the publication of the 

interim final rule, and annually 

thereafter. 

To comply with this requirement, 

SBA defines ‘‘industries with a high rate 

of default’’ as an industry that for the 

past 5 fiscal years has 50 or more 

approvals/year and an annualized 

default rate of 5% or above. Using SBA’s 

ALP Express risk identification 

methodology, SBA has determined there 

are no industries with a high rate of 

default in the 504 program based on 

prior SBA 504 portfolio performance. 

SBA will review and update its analysis 

and publish an updated list annually 

through September 20, 2023. 

For SBA’s analysis, the industries are 

analyzed by North American Industry 

Classification System (NAICS) 

Subsector Title and three-digit subsector 

code. 

Isabella Casillas Guzman, 

Administrator. 

[FR Doc. 2022–15015 Filed 7–13–22; 8:45 am] 

BILLING CODE 8026–09–P 

SMALL BUSINESS ADMINISTRATION 

[Disaster Declaration #17505 and #17506; 

INDIANA Disaster Number IN–00077] 

Administrative Declaration of a 

Disaster for the State of Indiana 

AGENCY: U.S. Small Business 

Administration. 

ACTION: Notice. 

SUMMARY: This is a notice of an 

Administrative declaration of a disaster 

for the State of Indiana dated 07/08/ 

2022. 

Incident: Derecho Windstorm. 

Incident Period: 06/13/2022 through 

06/14/2022. 

DATES: Issued on 07/08/2022. 

Physical Loan Application Deadline 

Date: 09/06/2022. 

Economic Injury (EIDL) Loan 

Application Deadline Date: 04/10/2023. 

ADDRESSES: Submit completed loan 

applications to: U.S. Small Business 

Administration, Processing and 

Disbursement Center, 14925 Kingsport 

Road, Fort Worth, TX 76155. 

FOR FURTHER INFORMATION CONTACT: A. 

Escobar, Office of Disaster Assistance, 

U.S. Small Business Administration, 

409 3rd Street SW, Suite 6050, 

Washington, DC 20416, (202) 205–6734. 

SUPPLEMENTARY INFORMATION: Notice is 

hereby given that as a result of the 

Administrator’s disaster declaration, 

applications for disaster loans may be 

filed at the address listed above or other 

locally announced locations. 

The following areas have been 

determined to be adversely affected by 

the disaster: 


jspears on DSK121TN23PROD with NOTICES1