Federal Register / Vol. 86, No. 113 / Tuesday, June 15, 2021 / Notices 31777 

24There were 3,435 FINRA member firms as of 

the end of 2020. Over the 2018 to 2020 period, an 

average 11,018 OTC equity securities were quoted 

with a price per year. 25 17 CFR 200.30–3(a)(12). 

SEC’s changes to Rule 15c2–11, is the 

addition of a modified Form 211 

requirement that would be applicable to 

a Qualified IDQS that engages in the 

initial information review of a security. 

The Qualified IDQS would be required 

to submit the modified Form 211 to 

FINRA by the end of the next business 

day after the Qualified IDQS’s publicly 

available determination was made. 

Economic Baseline 

The economic baseline considers 

investor protection and members’ 

regulatory burden in the absence of the 

proposed rule change in light of the 

SEC’s amended rule. Among other 

things, amended Rule 15c2–11 permits 

a broker-dealer to rely on a Qualified 

IDQS to perform the initial information 

review required by the rule. Where a 

broker-dealer subscriber is not relying 

on the initial review of a Qualified 

IDQS, it must submit a standard Form 

211 to FINRA and await notification 

that the form has been processed prior 

to initiating quotations in the security. 

SEA Rule 15c2–11 and FINRA Rule 

6432 generally govern the quotation 

conduct of broker-dealers initiating 

quotes in equity securities in the OTC 

market.24

Economic Impacts 

The proposed rule change would 

likely improve FINRA’s oversight of the 

OTC market given the amendments to 

Rule 15c2–11. Specifically, by requiring 

the Qualified IDQS to submit (i) an 

after-the-fact, modified Form 211 filing 

in connection with publicly available 

determinations related to an initial 

information review, and (ii) a daily 

security file containing summary Rule 

15c2–11-related information for each 

security quoted on its system, FINRA 

would have data necessary to monitor 

for Rule 15c2–11 compliance by the 

Qualified IDQSs and other members. 

The daily security file also would 

enhance FINRA’s surveillance 

capabilities, which furthers investor 

protection. 

FINRA acknowledges that a Qualified 

IDQS could incur some operational 

costs in submitting the modified Form 

211 filing and daily security file to 

FINRA. Where the Qualified IDQS 

decides to undertake an initial review, 

the costs of filing a Form 211 would be 

shifted from broker-dealer subscribers to 

the Qualified IDQS. 

Alternatives Considered 

FINRA considered not implementing 

a filing requirement for a Qualified 

IDQS. FINRA determined that the afterthe-fact submission requirement strikes 

an appropriate balance by providing 

FINRA with important information with 

which to oversee Qualified IDQS 

compliance without involving the delay 

of a FINRA processing time prior to the 

initiation of quoting, consistent with the 

SEC’s goals to reduce burdens on 

broker-dealers while maintaining 

investor protection. 

C. Self-Regulatory Organization’s 

Statement on Comments on the 

Proposed Rule Change Received From 

Members, Participants, or Others 

Written comments were neither 

solicited nor received. 

III. Date of Effectiveness of the 

Proposed Rule Change and Timing for 

Commission Action 

Within 45 days of the date of 

publication of this notice in the Federal 

Register or within such longer period (i) 

as the Commission may designate up to 

90 days of such date if it finds such 

longer period to be appropriate and 

publishes its reasons for so finding or 

(ii) as to which the self-regulatory 

organization consents, the Commission 

will: 

(A) By order approve or disapprove 

such proposed rule change, or 

(B) institute proceedings to determine 

whether the proposed rule change 

should be 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– 

FINRA–2021–014 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–FINRA–2021–014. 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 

a.m. and 3 p.m. Copies of such filing 

also will be available for inspection and 

copying at the principal office of 

FINRA. 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–FINRA– 

2021–014 and should be submitted on 

or before July 6, 2021. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.25

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2021–12480 Filed 6–14–21; 8:45 am] 

BILLING CODE 8011–01–P 

SMALL BUSINESS ADMINISTRATION 

[Disaster Declaration #16997 and #16998; 

Alabama Disaster Number AL–00121] 

Presidential Declaration of a Major 

Disaster for Public Assistance Only for 

the State of Alabama 

AGENCY: Small Business Administration. 

ACTION: Notice. 

SUMMARY: This is a Notice of the 

Presidential declaration of a major 

disaster for Public Assistance Only for 

the State of Alabama (FEMA–4596–DR), 

dated 06/08/2021. 

Incident: Severe Storm, Straight-line 

Winds, and Tornadoes. 

Incident Period: 03/25/2021 through 

03/26/2021. 

DATES: Issued on 06/08/2021. 

Physical Loan Application Deadline 

Date: 08/09/2021. 


khammond on DSKJM1Z7X2PROD with NOTICES
31778 Federal Register / Vol. 86, No. 113 / Tuesday, June 15, 2021 / Notices 

Economic Injury (EIDL) Loan 

Application Deadline Date: 03/08/2022. 

ADDRESS: 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 

President’s major disaster declaration on 

06/08/2021, Private Non-Profit 

organizations that provide essential 

services of a governmental nature may 

file disaster loan applications at the 

address listed above or other locally 

announced locations. 

The following areas have been 

determined to be adversely affected by 

the disaster: 

Primary Counties: Bibb, Calhoun, Clay, 

Hale, Perry, Randolph, Shelby. 

The Interest Rates are: 

Percent 

For Physical Damage: 

Non-Profit Organizations with 

Credit Available Elsewhere ... 2.000 

Non-Profit Organizations without Credit Available Elsewhere ..................................... 2.000 

For Economic Injury: 

Non-Profit Organizations without Credit Available Elsewhere ..................................... 2.000 

The number assigned to this disaster 

for physical damage is 16997 C and for 

economic injury is 16998 0. 

(Catalog of Federal Domestic Assistance 

Number 59008) 

Barbara Carson, 

Acting Associate Administrator for Disaster 

Assistance. 

[FR Doc. 2021–12543 Filed 6–14–21; 8:45 am] 

BILLING CODE 8026–03–P 

SMALL BUSINESS ADMINISTRATION 

Council on Underserved Communities 

AGENCY: Small Business Administration. 

ACTION: Solicit nominations of current 

and former small business owners, 

community leaders, officials from small 

business trade associations, and 

academic institutions to serve on the 

Council of Underserved Communities. 

SUMMARY: The SBA Office of the 

Administrator (OA) is issuing this 

notice to solicit nominations of 

qualified former and current small 

business owners, community leaders, 

officials from small business trade 

associations, and academic institutions 

to serve on the Council of Underserved 

Communities (CUC). The CUC members 

provide advice, ideas and opinions on 

the SBA programs and services and 

issues of interest to small business in 

underserved communities. Nominations 

of qualified candidates are being sought 

to fill vacancies on the CUC. CUC 

members are appointed by, and serve at 

the pleasure of, the SBA Administrator 

for terms of no longer than two years. 

The Administrator may reappoint an 

individual for no more than three terms 

of service. 

Members serve without 

compensation. They will, however, be 

reimbursed for authorized travel-related 

expenses at per diem rates established 

by GSA when asked to perform official 

duties as a CUC member. 

DATES: Nominations for the CUC 

membership will be accepted on a 

rolling basis. 

ADDRESSES: All nominations should be 

mailed to the Office of the 

Administrator, U.S. Small Business 

Administration, 409 3rd Street SW, 

Washington, DC 20416, or emailed to 

Kendall.Corley@sba.gov. 

FOR FURTHER INFORMATION CONTACT: 

Kendall Corley, Office of the 

Administrator, U.S. Small Business 

Administration, 409 Third Street SW, 

Washington, DC 20416; Kendall.Corley@

sba.gov; 202–205–6605. 

SUPPLEMENTARY INFORMATION: Pursuant 

to section 9(a)(2) of the Federal 

Advisory Committee Act (FACA) (5 

U.S.C. Appendix 2), and FACA 

implementing regulations in 41 CFR 

102–3.130(a), SBA announces the 

meeting of the Council on Underserved 

Communities Advisory Board. This 

Board provides advice and counsel to 

the SBA Administrator. CUC members 

will examine the obstacles facing small 

businesses in underserved communities 

and recommend to SBA policy and 

programmatic changes to help 

strengthen SBA’s programs and services 

to these communities. 

Purpose 

The CUC provides advice, ideas and 

opinions on SBA programs and services 

and issues of interest to small 

businesses in underserved communities. 

Among other things, its members will 

provide an essential connection 

between SBA and small businesses in 

inner city and rural communities. The 

Council’s scope of activities includes 

reviewing SBA current programs and 

policies, while working towards 

creating new and insightful place-based 

initiatives to spur economic growth, job 

creation, competition, and 

sustainability. 

Qualifications 

Members must represent at least one 

of the following constituencies: current 

or former small business owners; 

community leaders; small business 

trade associations; or academic 

institutions. SBA seeks candidates 

representing both urban and 

underserved communities. 

Nomination Process 

Nominees should send a letter of selfnomination or a letter of nomination 

from a peer, professional organization or 

society or member of Congress. This 

letter must indicate which category the 

nominee will represent and highlight 

accomplishments and experience 

working with small businesses in urban 

or rural underserved communities, 

including personal experience as a 

small business owner located in an 

underserved community. The letter 

should also include the following 

information: Full name of nominee, 

occupation, physical address, telephone 

number, and email. 

All nominees are required to submit 

an SBA Form 898 and resume and are 

subject to a conflict of interest 

determination by SBA and will not be 

considered eligible until such 

determination is made. Please email all 

nomination information to Kendall 

Corley at Kendall.Corley@sba.gov. 

Andrienne Johnson, 

Committee Management Officer. 

[FR Doc. 2021–12548 Filed 6–14–21; 8:45 am] 

BILLING CODE P 

SMALL BUSINESS ADMINISTRATION 

[Disaster Declaration #16934 and #16935; 

Kentucky Disaster Number KY–00085] 

Presidential Declaration Amendment of 

a Major Disaster for Public Assistance 

Only for the Commonwealth of 

Kentucky 

AGENCY: Small Business Administration. 

ACTION: Amendment 3. 

SUMMARY: This is an amendment of the 

Presidential declaration of a major 

disaster for Public Assistance Only for 

the Commonwealth of Kentucky 

(FEMA–4595–DR), dated 04/23/2021. 

Incident: Severe Storms, Flooding, 

Landslides, and Mudslides. 

Incident Period: 02/27/2021 through 

03/14/2021. 

DATES: Issued on 06/07/2021. 

Physical Loan Application Deadline 

Date: 06/22/2021. 


khammond on DSKJM1Z7X2PROD with NOTICES