Proposed Rule2024-00469
Regulatory Flexibility Agenda
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
February 9, 2024
Issuing agencies
Securities and Exchange Commission
Abstract
The Securities and Exchange Commission is publishing the Chair's agenda of rulemaking actions pursuant to the Regulatory Flexibility Act (RFA) (Pub. L. 96-354, 94 Stat. 1164) (Sept. 19, 1980). The items listed in the Regulatory Flexibility Agenda for Fall 2023 reflect only the priorities of the Chair of the U.S. Securities and Exchange Commission, and do not necessarily reflect the views and priorities of any individual Commissioner. Information in the agenda was accurate on August 22, 2023, the date on which the Commission's staff completed compilation of the data. To the extent possible, rulemaking actions by the Commission since that date have been reflected in the agenda. The Commission invites questions and public comment on the agenda and on the individual agenda entries. The Commission is now printing in the Federal Register, along with our preamble, only those agenda entries for which we have indicated that preparation of an RFA analysis is required. The Commission's complete RFA agenda will be available online at www.reginfo.gov.
Full Text
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[Federal Register Volume 89, Number 28 (Friday, February 9, 2024)]
[Proposed Rules]
[Pages 9728-9735]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-00469]
[[Page 9727]]
Vol. 89
Friday,
No. 28
February 9, 2024
Part XXVI
Securities and Exchange Commission
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Semiannual Regulatory Agenda
Federal Register / Vol. 89 , No. 28 / Friday, February 9, 2024 / UA:
Reg Flex Agenda
[[Page 9728]]
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SECURITIES AND EXCHANGE COMMISSION
17 CFR Ch. II
[Release Nos. 33-11225; 34-98226; IA-6388; IC-34993; File No. S7-14-23]
Regulatory Flexibility Agenda
AGENCY: Securities and Exchange Commission.
ACTION: Semiannual Regulatory Agenda.
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SUMMARY: The Securities and Exchange Commission is publishing the
Chair's agenda of rulemaking actions pursuant to the Regulatory
Flexibility Act (RFA) (Pub. L. 96-354, 94 Stat. 1164) (Sept. 19, 1980).
The items listed in the Regulatory Flexibility Agenda for Fall 2023
reflect only the priorities of the Chair of the U.S. Securities and
Exchange Commission, and do not necessarily reflect the views and
priorities of any individual Commissioner.
Information in the agenda was accurate on August 22, 2023, the date
on which the Commission's staff completed compilation of the data. To
the extent possible, rulemaking actions by the Commission since that
date have been reflected in the agenda. The Commission invites
questions and public comment on the agenda and on the individual agenda
entries.
The Commission is now printing in the Federal Register, along with
our preamble, only those agenda entries for which we have indicated
that preparation of an RFA analysis is required.
The Commission's complete RFA agenda will be available online at
<a href="http://www.reginfo.gov">www.reginfo.gov</a>.
DATES: Comments should be received on or before March 11, 2024.
ADDRESSES: Comments may be submitted by any of the following methods:
Electronic Comments
<bullet> Use the Commission's internet comment form (<a href="https://www.sec.gov/rules/other.shtml">https://www.sec.gov/rules/other.shtml</a>); or
<bullet> Send an email to <a href="/cdn-cgi/l/email-protection#641611080149070b0909010a1017241701074a030b12"><span class="__cf_email__" data-cfemail="8af8ffe6efa7e9e5e7e7efe4fef9caf9efe9a4ede5fc">[email protected]</span></a>. Please include
File Number S7-14-23 on the subject line.
Paper Comments
<bullet> Send paper comments to Vanessa A. Countryman, Secretary,
Securities and Exchange Commission, 100 F Street NE, Washington, DC
20549-1090.
All submissions should refer to File No. S7-14-23. 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 website (<a href="https://www.sec.gov/rules/other.shtml">https://www.sec.gov/rules/other.shtml</a>). Comments
are also 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.
Operating conditions may limit access to the Commission's Public
Reference Room. Do not include personal identifying information in
submissions; you should submit only information that you wish to make
available publicly. We may redact in part or withhold entirely from
publication submitted material that is obscene or subject to copyright
protection.
FOR FURTHER INFORMATION CONTACT: Sarit Klein, Office of the General
Counsel, 202-551-5037.
SUPPLEMENTARY INFORMATION: The RFA requires each Federal agency, twice
each year, to publish in the Federal Register an agenda identifying
rules that the agency expects to consider in the next 12 months that
are likely to have a significant economic impact on a substantial
number of small entities (5 U.S.C. 602(a)). The RFA specifically
provides that publication of the agenda does not preclude an agency
from considering or acting on any matter not included in the agenda and
that an agency is not required to consider or act on any matter that is
included in the agenda (5 U.S.C. 602(d)). The Commission may consider
or act on any matter earlier or later than the estimated date provided
on the agenda. While the agenda reflects the current intent to complete
a number of rulemakings in the next year, the precise dates for each
rulemaking at this point are uncertain. Actions that do not have an
estimated date are placed in the long-term category; the Commission may
nevertheless act on items in that category within the next 12 months.
The agenda includes new entries, entries carried over from prior
publications, and rulemaking actions that have been completed (or
withdrawn) since publication of the last agenda.
The following abbreviations for the acts administered by the
Commission are used in the agenda:
``Securities Act''--Securities Act of 1933
``Exchange Act''--Securities Exchange Act of 1934
``Investment Company Act''--Investment Company Act of 1940
``Investment Advisers Act''--Investment Advisers Act of 1940
``Dodd Frank Act''--Dodd-Frank Wall Street Reform and Consumer
Protection Act
The Commission invites public comment on the agenda and on the
individual agenda entries.
By the Commission.
Dated: August 25, 2023.
Vanessa A. Countryman,
Secretary.
3 OOD--Proposed Rule Stage
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Regulation
Sequence No. Title Identifier No.
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610....................... EDGAR Filer Access and 3235-AM58
Account Management.
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Division of Corporation Finance--Proposed Rule Stage
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Regulation
Sequence No. Title Identifier No.
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611....................... Rule 144 Holding Period... 3235-AM78
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[[Page 9729]]
Division of Corporation Finance--Final Rule Stage
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Regulation
Sequence No. Title Identifier No.
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612....................... Prohibition Against 3235-AL04
Conflicts of Interest in
Certain Securitizations.
613....................... Rule 14a-8 Amendments..... 3235-AM91
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Division of Corporation Finance--Completed Actions
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Regulation
Sequence No. Title Identifier No.
------------------------------------------------------------------------
614....................... Cybersecurity Risk 3235-AM89
Management, Strategy,
Governance, and Incident
Disclosure.
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Division of Investment Management--Final Rule Stage
------------------------------------------------------------------------
Regulation
Sequence No. Title Identifier No.
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615....................... Safeguarding Advisory 3235-AM32
Client Assets.
616....................... Enhanced Disclosures by 3235-AM96
Certain Investment
Advisers and Investment
Companies about
Environmental, Social,
and Governance Investment
Practices.
617....................... Open-End Fund Liquidity 3235-AM98
Risk Management Programs
and Swing Pricing; Form N-
PORT Reporting.
618....................... Cybersecurity Risk 3235-AN08
Management for Investment
Advisers, Registered
Investment Companies, and
Business Development
Companies.
619....................... Outsourcing by Investment 3235-AN18
Advisers.
620....................... Regulation S P: Privacy of 3235-AN26
Consumer Financial
Information and
Safeguarding Customer
Information.
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Division of Investment Management--Completed Actions
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Regulation
Sequence No. Title Identifier No.
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621....................... Investment Company Names.. 3235-AM72
622....................... Private Fund Advisers; 3235-AN07
Documentation of
Registered Investment
Adviser Compliance
Reviews.
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Division of Trading and Markets--Final Rule Stage
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Regulation
Sequence No. Title Identifier No.
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623....................... Amendments to Exchange Act 3235-AM45
Rule 3b-16 re Definition
of ``Exchange'';
Regulation ATS and
Regulation SCI for ATSs
That Trade U.S.
Government Securities,
NMS Stocks and Other
Securities.
624....................... Cybersecurity Risk 3235-AN15
Management Rules for
Broker-Dealers, Clearing
Agencies, MSBSPs, the
MSRB, National Securities
Associations, National
Securities Exchanges,
SBSDRs, SBS Dealers, and
Transfer Agents.
625....................... Regulation NMS: Minimum 3235-AN23
Pricing Increments,
Access Fees, and
Transparency of Better
Priced Orders.
626....................... Regulation Best Execution. 3235-AN24
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Division of Trading and Markets--Completed Actions
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Regulation
Sequence No. Title Identifier No.
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627....................... Exemption for Certain 3235-AN17
Exchange Members.
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SECURITIES AND EXCHANGE COMMISSION (SEC)
3 OOD
Proposed Rule Stage
610. EDGAR Filer Access and Account Management [3235-AM58]
Legal Authority: 15 U.S.C. 77c; 15 U.S.C. 77f; 15 U.S.C. 77g; 15
U.S.C. 78l; 15 U.S.C. 78m; . . .
Abstract: The Commission proposed rule and form amendments
concerning access to and management of accounts on the Commission's
Electronic Data Gathering, Analysis, and Retrieval system (``EDGAR'')
that are related to potential technical changes to EDGAR (collectively
referred to as ``EDGAR Next''). The Commission proposed to require that
electronic filers (``filers'') authorize and maintain designated
individuals as account administrators and that filers, through their
account administrators, take certain actions to manage their accounts
on a dashboard on EDGAR. Further, the Commission proposed that filers
may only authorize individuals as account administrators or in the
other roles described herein if those individuals first obtain
individual account credentials in the manner to be specified in the
EDGAR Filer Manual.
[[Page 9730]]
As part of the EDGAR Next changes, the Commission would offer filers
optional Application Programming Interfaces (``APIs'') for machine-to-
machine communication with EDGAR, including submission of filings and
retrieval of related information. If the proposed rule and form
amendments are adopted, the Commission would make corresponding changes
to the EDGAR Filer Manual and implement the potential technical
changes.
Timetable:
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Action Date FR Cite
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NPRM................................ 09/22/23 88 FR 65524
NPRM Comment Period End............. 11/21/23
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Regulatory Flexibility Analysis Required: Yes.
Agency Contact: Rosemary Filou, Chief Counsel, EDGAR Business
Office, Securities and Exchange Commission, 100 F Street NE,
Washington, DC 20549, Phone: 202 551-4813, Email: <a href="/cdn-cgi/l/email-protection#d0b6b9bcbfa5a290a3b5b3feb7bfa6"><span class="__cf_email__" data-cfemail="91f7f8fdfee4e3d1e2f4f2bff6fee7">[email protected]</span></a>.
RIN: 3235-AM58
SECURITIES AND EXCHANGE COMMISSION (SEC)
Division of Corporation Finance
Proposed Rule Stage
611. Rule 144 Holding Period [3235-AM78]
Legal Authority: 15 U.S.C. 77b; 15 U.S.C. 77b note; 15 U.S.C. 77c;
15 U.S.C. 77d; 15 U.S.C. 77f; 15 U.S.C. 77g; 15 U.S.C. 77h; 15 U.S.C.
77j; 15 U.S.C. 77r; 15 U.S.C. 77s; 15 U.S.C. 77z-3; 15 U.S.C. 77sss; 15
U.S.C. 78c; 15 U.S.C. 78d; 15 U.S.C. 78j; 15 U.S.C. 78l; 15 U.S.C. 78m;
15 U.S.C. 78n; 15 U.S.C. 78o; 15 U.S.C. 78o-7 note; 15 U.S.C. 78t; 15
U.S.C. 78w; 15 U.S.C. 78ll(d); 15 U.S.C. 78mm; 15 U.S.C. 80a-8; 15
U.S.C. 80a-24; 15 U.S.C. 80a-26; 15 U.S.C. 80a-28; 15 U.S.C. 80a-29; 15
U.S.C. 80a-30; 15 U.S.C. 80a-37; Pub. L. 112-106, sec. 201(a), sec.
401, 126 Stat. 313 (2012); Sec. 401 Pub. L. 112-106, 126 Stat. 313
(2012); Sec. 107, Pub. L. 112-106, 126 Stat. 312; 12 U.S.C. 5461 et
seq. ; 15 U.S.C. 77s(a); 15 U.S.C. 77z-2; 15 U.S.C. 77sss(a); 15 U.S.C.
78a et seq.; 15 U.S.C. 78c(b); 15 U.S.C. 78o(d); 15 U.S.C. 78u-5; 15
U.S.C. 78w(a); 15 U.S.C. 78ll; 15 U.S.C. 80a-2(a); 15 U.S.C. 80a-3; 15
U.S.C. 80a-6(c); 15 U.S.C. 80a-9; 15 U.S.C. 80a-10; 15 U.S.C. 80a-13;
15 U.S.C. 7201 et seq. ; 18 U.S.C. 1350; Sec. 107, Pub. L. 112-106, 126
Stat. 312; Sec. 953(b) Pub. L. 111-203, 124 Stat. 1904; Sec. 102(a)(3)
Pub. L. 112-106, 126 Stat. 309 (2012); Sec. 107, Pub. L. 112-106, 126
Stat. 313 (2012); Sec. 72001 Pub. L. 114-94, 129 Stat. 1312 (2015); . .
.
Abstract: The Division is considering recommending that the
Commission repropose amendments to Rule 144, a non-exclusive safe
harbor that permits the public resale of restricted or control
securities if the conditions of the rule are met.
Timetable:
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Action Date FR Cite
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NPRM................................ 01/19/21 86 FR 5063
NPRM Comment Period End............. 03/22/21
Second NPRM......................... 10/00/24
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Regulatory Flexibility Analysis Required: Yes.
Agency Contact: Felicia H. Kung, Division of Corporation Finance,
Securities and Exchange Commission, 100 F Street NE, Washington, DC
20549, Phone: 202 551-3430, Email: <a href="/cdn-cgi/l/email-protection#462d332821200635232568212930"><span class="__cf_email__" data-cfemail="315a445f5657714254521f565e47">[email protected]</span></a>.
RIN: 3235-AM78
SECURITIES AND EXCHANGE COMMISSION (SEC)
Division of Corporation Finance
Final Rule Stage
612. Prohibition Against Conflicts of Interest in Certain
Securitizations [3235-AL04]
Legal Authority: 15 U.S.C. 77b; 15 U.S.C. 77b note; 15 U.S.C. 77c;
15 U.S.C. 77d; 15 U.S.C. 77f; 15 U.S.C. 77g; 15 U.S.C. 77h; 15 U.S.C.
77j; 15 U.S.C. 77r; 15 U.S.C. 77s; 15 U.S.C. 77z-3; 15 U.S.C. 77sss; 15
U.S.C. 78c; 15 U.S.C. 78d; 15 U.S.C. 78j; 15 U.S.C. 78l; 15 U.S.C. 78m;
15 U.S.C. 78n; 15 U.S.C. 78o; 15 U.S.C. 78o-7 note; 15 U.S.C. 78t; 15
U.S.C. 78w; 15 U.S.C. 78ll(d); 15 U.S.C. 78mm; 15 U.S.C. 80a-8; 15
U.S.C. 80a-24; 15 U.S.C. 80a-28; 15 U.S.C. 80a-29; 15 U.S.C. 80a-30; 15
U.S.C. 80a-37; Pub. L. 112-106, sec. 201(a), sec. 401, 126 Stat.
313(2012), unless otherwise noted; . . .
Abstract: The Division is considering recommending that the
Commission adopt a rule under the Securities Act to implement the
prohibition under section 621 of the Dodd-Frank Act on material
conflicts of interest in connection with certain securitizations. The
proposed rules would prohibit, for a specified period, a securitization
participant from engaging in any transaction that would result in a
material conflict of interest between a securitization participant and
an investor in the relevant asset-backed security. As specified in
section 621, the proposed rule would provide exceptions for risk-
mitigating hedging activities, bona fide market-making activities, and
liquidity commitments.
Timetable:
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Action Date FR Cite
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NPRM................................ 09/28/11 76 FR 60320
NPRM Comment Period End............. 12/19/11
NPRM Comment Period Extended........ 12/16/11 76 FR 78181
NPRM Comment Period Extended End.... 01/13/12
NPRM Comment Period Extended........ 01/03/12 77 FR 24
NPRM Comment Period Extended End.... 02/13/12
Second NPRM......................... 02/14/23 88 FR 9678
Second NPRM Comment Period End...... 03/27/23
Final Action........................ 11/00/23
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Regulatory Flexibility Analysis Required: Yes.
Agency Contact: Rolaine Bancroft, Division of Corporation Finance,
Securities and Exchange Commission, 100 F Street NE, Washington, DC
20549, Phone: 202 551-3430.
RIN: 3235-AL04
613. Rule 14A-8 Amendments [3235-AM91]
Legal Authority: 5 U.S.C. 78c(b); 15 U.S.C. 78n; 15 U.S.C. 78w(a);
15 U.S.C. 80a-20(a); 15 U.S.C. 80a-29; 15 U.S.C. 80a-37; . . .
Abstract: The Division is considering recommending that the
Commission adopt rule amendments regarding shareholder proposals under
Rule 14a-8. The Commission proposed to, among other things, update
certain substantive bases for exclusion of shareholder proposals under
the Commission's shareholder proposal rule. The proposed amendments
would amend the substantial implementation exclusion, the duplication
exclusion, and the resubmission exclusion.
Timetable:
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Action Date FR Cite
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NPRM................................ 07/27/22 87 FR 45052
NPRM Comment Period End............. 09/12/22
Final Action........................ 04/00/24
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Regulatory Flexibility Analysis Required: Yes.
Agency Contact: Hughes Bates, Special Counsel, Division of
Corporation Finance, Securities and
[[Page 9731]]
Exchange Commission, 100 F Street NE, Washington, DC 20549, Phone: 202
551-3500, Email: <a href="/cdn-cgi/l/email-protection#7416150011071c340711175a131b02"><span class="__cf_email__" data-cfemail="9bf9faeffee8f3dbe8fef8b5fcf4ed">[email protected]</span></a>.
RIN: 3235-AM91
SECURITIES AND EXCHANGE COMMISSION (SEC)
Division of Corporation Finance
Completed Actions
614. Cybersecurity Risk Management, Strategy, Governance, and Incident
Disclosure [3235-AM89]
Legal Authority: 15 U.S.C. 77g; 15 U.S.C. 77s(a); 15 U.S.C. 78c(b);
15 U.S.C. 78l; 15 U.S.C. 78m; 15 U.S.C. 78n; 15 U.S.C. 78o; 15 U.S.C.
78w(a); . . .
Abstract: The Commission adopted new rules to enhance and
standardize disclosures regarding cybersecurity risk management,
strategy, governance, and incidents by public companies that are
subject to the reporting requirements of the Securities Exchange Act of
1934. Specifically, the Commission adopted amendments to require
current disclosure about material cybersecurity incidents. The
Commission also adopted rules requiring periodic disclosures about a
registrant's processes to assess, identify, and manage material
cybersecurity risks, management's role in assessing and managing
material cybersecurity risks, and the board of directors' oversight of
cybersecurity risks. Lastly, the final rules require the cybersecurity
disclosures to be presented in Inline eXtensible Business Reporting
Language (``Inline XBRL'').
Timetable:
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Action Date FR Cite
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NPRM................................ 03/23/22 87 FR 16590
NPRM Comment Period End............. 05/09/22
NPRM Comment Period Reopened........ 10/18/22 87 FR 63016
NPRM Comment Period End............. 11/01/22
Final Action........................ 08/04/23 88 FR 51896
Final Action Effective.............. 09/05/23
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Regulatory Flexibility Analysis Required: Yes.
Agency Contact: Nabeel Cheema, Division of Corporation Finance,
Securities and Exchange Commission, 100 F Street NE, Washington, DC
20549, Phone: 202 551-3430, Email: <a href="/cdn-cgi/l/email-protection#781b101d1d151916380b1d1b561f170e"><span class="__cf_email__" data-cfemail="dab9b2bfbfb7bbb49aa9bfb9f4bdb5ac">[email protected]</span></a>.
RIN: 3235-AM89
SECURITIES AND EXCHANGE COMMISSION (SEC)
Division of Investment Management
Final Rule Stage
615. Safeguarding Advisory Client Assets [3235-AM32]
Legal Authority: 15 U.S.C. 80b-4; 15 U.S.C. 80b-6(4); 15 U.S.C.
80b-11(a); 15 U.S.C. 80b-3(c)(1); 15 U.S.C. 80b-18b; 15 U.S.C. 80b-11;
15 U.S.C. 80b-23
Abstract: The Division is considering recommending that the
Commission adopt amendments to existing rules and/or adopt new rules
under the Investment Advisers Act of 1940 to improve and modernize the
regulations around the custody of funds or investments of clients by
Investment Advisers.
Timetable:
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Action Date FR Cite
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NPRM................................ 03/09/23 88 FR 14672
NPRM Comment Period End............. 05/08/23
NPRM Comment Period Reopened........ 08/30/23 88 FR 59818
NPRM Comment Period Reopened End.... 10/30/23
Final Action........................ 04/00/24
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Regulatory Flexibility Analysis Required: Yes.
Agency Contact: Melissa Harke, Division of Investment Management,
Securities and Exchange Commission, 100 F Street NE, Washington, DC
20549, Phone: 202 551-6722, Email: <a href="/cdn-cgi/l/email-protection#5a323b28313f371a293f39743d352c"><span class="__cf_email__" data-cfemail="315950435a545c714254521f565e47">[email protected]</span></a>.
RIN: 3235-AM32
616. Enhanced Disclosures by Certain Investment Advisers and Investment
Companies About Environmental, Social, and Governance Investment
Practices [3235-AM96]
Legal Authority: 15 U.S.C. 77e; 15 U.S.C. 77f; 15 U.S.C. 77g; 15
U.S.C. 77j; 15 U.S.C. 77s; 15 U.S.C. 78m; 15 U.S.C. 78o; 15 U.S.C. 78w;
15 U.S.C. 78ll; 15 U.S.C. 80a-8; 15 U.S.C. 80a-24; 15 U.S.C. 80a-29; 15
U.S.C. 80a-37; 15 U.S.C. 80b-3; 15 U.S.C. 80b-4; 15 U.S.C. 80b-11; 44
U.S.C. 3506 and 3507; . . .
Abstract: The Division is considering recommending that the
Commission adopt requirements for investment companies and investment
advisers related to environmental, social and governance (ESG) factors,
including ESG claims and related disclosures. Among other things, the
Commission proposed to amend rules and forms under both the Investment
Advisers Act of 1940 and the Investment Company Act of 1940 to require
registered investment advisers, certain advisers that are exempt from
registration, registered investment companies, and business development
companies, to provide additional information regarding their ESG
investment practices. The proposed amendments to these forms and
associated rules seek to facilitate enhanced disclosure of ESG issues
to clients and shareholders. The proposed rules and form amendments are
designed to create a consistent, comparable, and decision-useful
regulatory framework for ESG advisory services and investment companies
to inform and protect investors while facilitating further innovation
in this evolving area of the asset management industry.
Timetable:
------------------------------------------------------------------------
Action Date FR Cite
------------------------------------------------------------------------
NPRM................................ 06/17/22 87 FR 36654
NPRM Comment Period End............. 08/16/22
NPRM Comment Period Reopened........ 10/18/22 87 FR 63016
NPRM Comment Period End............. 11/01/22
Final Action........................ 04/00/24
------------------------------------------------------------------------
Regulatory Flexibility Analysis Required: Yes.
Agency Contact: Nathan Schurr, Division of Investment Management,
Securities and Exchange Commission, 100 F Street NE, Washington, DC
20549, Phone: 202 551-6394, Email: <a href="/cdn-cgi/l/email-protection#1e6d7d766b6b6c707f5e6d7b7d30797168"><span class="__cf_email__" data-cfemail="8cffefe4f9f9fee2edccffe9efa2ebe3fa">[email protected]</span></a>.
RIN: 3235-AM96
617. Open-End Fund Liquidity Risk Management Programs and Swing
Pricing; Form N-PORT Reporting [3235-AM98]
Legal Authority: 15 U.S.C. 80a-22(c); 15 U.S.C. 80a-37(a); 15
U.S.C. 80a-31(a); 15 U.S.C. 80a-35b; 15 U.S.C. 80a-6; 15 U.S.C. 80a-8;
15 U.S.C. 80a-22; 15 U.S.C. 80a-24; 15 U.S.C. 80a-29; 15 U.S.C. 80a-30;
15 U.S.C. 80a-33; 15 U.S.C. 80a-37; 15 U.S.C. 80a-44; 15 U.S.C. 80b-6;
15 U.S.C. 78j; 15 U.S.C. 78m; 15 U.S.C. 78o; 15 U.S.C. 78w; 15 U.S.C.
78ll; 15 U.S.C. 77g; 15 U.S.C. 77j; 15 U.S.C. 77q; 15 U.S.C. 77s; 15
U.S.C. 77sss; 44 U.S.C. 3506; 44 U.S.C. 3507
Abstract: The Division is considering recommending that the
Commission adopt changes to regulatory requirements relating to open-
end fund's liquidity and dilution management. The Commission proposed
amendments to its current rules for open-end management investment
companies (``open-end funds'') regarding liquidity risk
[[Page 9732]]
management programs and swing pricing. The proposed amendments are
designed to improve liquidity risk management programs to better
prepare funds for stressed conditions and improve transparency in
liquidity classifications. The amendments are also designed to mitigate
dilution of shareholders' interests in a fund by requiring any open-end
fund, other than a money market fund or exchange-traded fund, to use
swing pricing to adjust a fund's net asset value (``NAV'') per share to
pass on costs stemming from shareholder purchase or redemption activity
to the shareholders engaged in that activity. In addition, to help
operationalize the proposed swing pricing requirement, and to improve
order processing more generally, the Commission proposed a ``hard
close'' requirement for these funds. Finally, the Commission proposed
amendments to reporting and disclosure requirements on Forms N-PORT, N-
1A, and N-CEN that apply to certain registered investment companies,
including registered open-end funds (other than money market funds),
registered closed-end funds, and unit investment trusts. The proposed
amendments would require more frequent reporting of monthly portfolio
holdings and related information to the Commission and the public,
amend certain reported identifiers, and make other amendments to
require additional information about funds' liquidity risk management
and use of swing pricing.
Timetable:
------------------------------------------------------------------------
Action Date FR Cite
------------------------------------------------------------------------
NPRM................................ 12/16/22 87 FR 77172
NPRM Comment Period End............. 02/14/23
Final Action........................ 04/00/24
------------------------------------------------------------------------
Regulatory Flexibility Analysis Required: Yes.
Agency Contact: Mykaila DeLesDernier, Senior Counsel, Division of
Investment Management, Securities and Exchange Commission, 100 F Street
NE, Washington, DC 20549, Phone: 202 551-5129, Email:
<a href="/cdn-cgi/l/email-protection#3054555c55435455425e5955425d704355531e575f46"><span class="__cf_email__" data-cfemail="eb8f8e878e988f8e9985828e9986ab988e88c58c849d">[email protected]</span></a>.
RIN: 3235-AM98
618. Cybersecurity Risk Management for Investment Advisers, Registered
Investment Companies, and Business Development Companies [3235-AN08]
Legal Authority: 5 U.S.C. 80a-30(a); 15 U.S.C. 80a-37(a); 15 U.S.C.
80b-4; 15 U.S.C. 80b-11; 15 U.S.C. 80b-3(d); 15 U.S.C. 80b-6(4); 15
U.S.C. 80b-11(a); 15 U.S.C. 80b-11(h); 15 U.S.C. 80a-8; 15 U.S.C. 80a-
29; 15 U.S.C. 80a-37; 15 U.S.C. 80b-3(c)(1)
Abstract: The Division is considering recommending that the
Commission adopt rules to enhance fund and investment adviser
disclosures and governance relating to cybersecurity risks. The
Commission proposed new rules to require registered investment advisers
(``advisers'') and investment companies (``funds'') to adopt and
implement written cybersecurity policies and procedures reasonably
designed to address cybersecurity risks. The Commission also proposed a
new rule and form under the Advisers Act to require advisers to report
significant cybersecurity incidents affecting the adviser, or its fund
or private fund clients, to the Commission. With respect to disclosure,
the Commission proposed amendments to various forms regarding the
disclosure related to significant cybersecurity risks and cybersecurity
incidents that affect advisers and funds and their clients and
shareholders. Finally, the Commission proposed new recordkeeping
requirements under the Advisers Act and Investment Company Act.
Timetable:
------------------------------------------------------------------------
Action Date FR Cite
------------------------------------------------------------------------
NPRM................................ 03/09/22 87 FR 13524
NPRM Comment Period End............. 04/11/22
NPRM Comment Period Reopened........ 03/21/23 88 FR 16921
NPRM Comment Period End............. 05/22/23
Final Action........................ 04/00/24
------------------------------------------------------------------------
Regulatory Flexibility Analysis Required: Yes.
Agency Contact: Christopher Staley, Branch Chief, Securities and
Exchange Commission, 100 F Street NE, Washington, DC 20549, Phone: 202
551-8475, Email: <a href="/cdn-cgi/l/email-protection#384b4c59545d415b784b5d5b165f574e"><span class="__cf_email__" data-cfemail="bdcec9dcd1d8c4defdced8de93dad2cb">[email protected]</span></a>.
RIN: 3235-AN08
619. Outsourcing by Investment Advisers [3235-AN18]
Legal Authority: 15 U.S.C. 10b-3; 15 U.S.C. 10b-4; 15 U.S.C. 10b-
11; 15 U.S.C. 77s(a); 15 U.S.C. 78w(a); 15 U.S.C. 78bb(e)(2); 15 U.S.C.
7sss(a); 15 U.S.C. 80a-37(a)
Abstract: The Division is considering recommending that the
Commission adopt rules related to the oversight of third-party service
providers. The Commission proposed a new rule under the Investment
Advisers Act of 1940 to prohibit registered investment advisers
(``advisers'') from outsourcing certain services or functions without
first meeting minimum requirements. The proposed rule would require
advisers to conduct due diligence prior to engaging a service provider
to perform certain services or functions. It would further require
advisers to periodically monitor the performance and reassess the
retention of the service provider in accordance with due diligence
requirements to reasonably determine that it is appropriate to continue
to outsource those services or functions to that service provider. The
Commission also proposed corresponding amendments to the investment
adviser registration form to collect census-type information about the
service providers defined in the proposed rule. In addition, the
Commission proposed related amendments to the Advisers Act books and
records rule, including a new provision requiring advisers that rely on
a third party to make and/or keep books and records to conduct due
diligence and monitoring of that third party and obtain certain
reasonable assurances that the third party will meet certain standards.
Timetable:
------------------------------------------------------------------------
Action Date FR Cite
------------------------------------------------------------------------
NPRM................................ 11/16/22 87 FR 68816
NPRM Comment Period End............. 12/27/22
Final Action........................ 04/00/24
------------------------------------------------------------------------
Regulatory Flexibility Analysis Required: Yes.
Agency Contact: Mark Stewart, Securities and Exchange Commission,
100 F Street NE, Washington, DC 20549, Phone: 202 551-4410, Email:
<a href="/cdn-cgi/l/email-protection#d3a0a7b6a4b2a1a7be93a0b6b0fdb4bca5"><span class="__cf_email__" data-cfemail="4a393e2f3d2b383e270a392f29642d253c">[email protected]</span></a>.
RIN: 3235-AN18
620. Regulation S P: Privacy of Consumer Financial Information and
Safeguarding Customer Information [3235-AN26]
Legal Authority: 15 U.S.C. 78q; 15 U.S.C. 78q-1; 15 U.S.C. 78mm; 15
U.S.C. 80a-30; 15 U.S.C. 80a-37; 15 U.S.C. 80b-4; 15 U.S.C. 80b-4a; 15
U.S.C. 80b-11; 15 U.S.C. 1681w(a); 15 U.S.C. 6801; 15 U.S.C. 6804; 15
U.S.C. 6805; 15 U.S.C. 6825; 15 U.S.C. 78w
Abstract: The Division of Investment Management and Division of
Trading and Markets are considering recommending that the Commission
adopt amendments to Regulation S-P. The Commission proposed rule
amendments that would require brokers and dealers, investment companies
and investment advisers registered with the Commission to adopt written
policies and procedures for incident response programs to address
unauthorized access to or use of customer information, including
procedures for providing timely notification to
[[Page 9733]]
individuals affected by an incident involving sensitive customer
information with details about the incident and information designed to
help affected individuals respond appropriately. The Commission also
proposed to broaden the scope of information covered by amending
requirements for safeguarding customer records and information, and for
properly disposing of consumer report information. In addition, the
proposed amendments would extend the application of the safeguards
provisions to transfer agents. The proposed amendments would also
include requirements to maintain written records documenting compliance
with the proposed amended rules. Finally, the proposed amendments would
conform annual privacy notice delivery provisions to the terms of an
exception provided by a statutory amendment to the Gramm-Leach-Bliley
Act.
Timetable:
------------------------------------------------------------------------
Action Date FR Cite
------------------------------------------------------------------------
NPRM................................ 04/06/23 88 FR 20616
NPRM Comment Period End............. 06/05/23
Final Action........................ 04/00/24
------------------------------------------------------------------------
Regulatory Flexibility Analysis Required: Yes.
Agency Contact: Zeena Abdul-Rahman, Senior Counsel, Division of
Investment Management, Securities and Exchange Commission, 100 F Street
NE, Washington, DC 20549, Phone: 202 551-4099, Email:
<a href="/cdn-cgi/l/email-protection#7a1b181e0f16081b12171b14003a091f19541d150c"><span class="__cf_email__" data-cfemail="38595a5c4d544a595055595642784b5d5b165f574e">[email protected]</span></a>.
RIN: 3235-AN26
SECURITIES AND EXCHANGE COMMISSION (SEC)
Division of Investment Management
Completed Actions
621. Investment Company Names [3235-AM72]
Legal Authority: 15 U.S.C. 80a-8; 15 U.S.C. 80a-29; 15 U.S.C. 80a-
30; 15 U.S.C. 80a-33; 15 U.S.C. 80a-34; 15 U.S.C. 80a-37; 15 U.S.C.
80a-58; 15 U.S.C. 80a-63; 15 U.S.C. 80a-18; 15 U.S.C. 77e; 15 U.S.C.
77f; 15 U.S.C. 77g(a); 15 U.S.C. 77h; 15 U.S.C. 77j; 15 U.S.C. 77s(a);
15 U.S.C. 78j; 15 U.S.C. 78m; 15 U.S.C. 78o; 15 U.S.C. 78w; 15 U.S.C.
78ll; . . .
Abstract: The Commission amended the rule under the Investment
Company Act of 1940 that addresses certain broad categories of
investment company names that are likely to mislead investors about an
investment company's investments and risks. The amendments to this rule
are designed to increase investor protection by improving, and
broadening the scope of, the requirement for certain funds to adopt a
policy to invest at least 80 percent of the value of their assets in
accordance with the investment focus that the fund's name suggests,
updating the rule's notice requirements, and establishing recordkeeping
requirements. The Commission also adopted enhanced prospectus
disclosure requirements for terminology used in fund names, and
additional requirements for funds to report information on Form N-PORT
regarding compliance with the names-related regulatory requirements.
Timetable:
------------------------------------------------------------------------
Action Date FR Cite
------------------------------------------------------------------------
ANPRM............................... 03/06/20 85 FR 13221
ANPRM Comment Period End............ 05/05/20
NPRM................................ 06/17/22 87 FR 36594
NPRM Comment Period End............. 08/16/22
NPRM Comment Period Reopened........ 10/18/22 87 FR 63016
NPRM Comment Period End............. 11/01/22
Final Action........................ 10/11/23 88 FR 70436
Final Action Effective.............. 12/11/23
------------------------------------------------------------------------
Regulatory Flexibility Analysis Required: Yes.
Agency Contact: Michael Kosoff, Division of Investment Management,
Securities and Exchange Commission, 100 F Street NE, Washington, DC
20549, Phone: 202 551-6754, Email: <a href="/cdn-cgi/l/email-protection#ed86829e828b8b80ad9e888ec38a829b"><span class="__cf_email__" data-cfemail="fb909488949d9d96bb889e98d59c948d">[email protected]</span></a>.
RIN: 3235-AM72
622. Private Fund Advisers; Documentation of Registered Investment
Adviser Compliance Reviews [3235-AN07]
Legal Authority: 15 U.S.C. 80b-3(d); 15 U.S.C. 80b-6(4); 15 U.S.C.
80b-11(a); 15 U.S.C. 80b-11(h); 15 U.S.C. 80b-4; 15 U.S.C. 80b-11
Abstract: The Commission adopted new rules under the Investment
Advisers Act of 1940. The rules are designed to protect investors who
directly or indirectly invest in private funds by increasing visibility
into certain practices involving compensation schemes, sales practices,
and conflicts of interest through disclosure; establishing requirements
to address such practices that have the potential to lead to investor
harm; and restricting practices that are contrary to the public
interest and the protection of investors. These rules are likewise
designed to prevent fraud, deception, or manipulation by the investment
advisers to those funds. The Commission adopted corresponding
amendments to the Advisers Act books and records rule to facilitate
compliance with these new rules and assist its examination staff.
Finally, the Commission adopted amendments to the Advisers Act
compliance rule, which affect all registered investment advisers, to
better enable its staff to conduct examinations.
Timetable:
------------------------------------------------------------------------
Action Date FR Cite
------------------------------------------------------------------------
NPRM................................ 03/24/22 87 FR 16886
NPRM Comment Period End............. 04/25/22
NPRM Comment Period Reopened........ 05/12/22 87 FR 29059
NPRM Comment Period End............. 06/13/22
Final Action........................ 09/14/23 88 FR 63206
Final Action Effective.............. 11/13/23
------------------------------------------------------------------------
Regulatory Flexibility Analysis Required: Yes.
Agency Contact: Melissa Harke, Division of Investment Management,
Securities and Exchange Commission, 100 F Street NE, Washington, DC
20549, Phone: 202 551-6722, Email: <a href="/cdn-cgi/l/email-protection#4e262f3c252b230e3d2b2d60292138"><span class="__cf_email__" data-cfemail="5f373e2d343a321f2c3a3c71383029">[email protected]</span></a>.
RIN: 3235-AN07
SECURITIES AND EXCHANGE COMMISSION (SEC)
Division of Trading and Markets
Final Rule Stage
623. Amendments to Exchange Act Rule 3b-16 Re Definition of
``Exchange''; Regulation ATS and Regulation SCI for ATSS That Trade
U.S. Government Securities, NMS Stocks and Other Securities [3235-AM45]
Legal Authority: 15 U.S.C. 77g; 15 U.S.C. 78mm; 15. U.S.C. 78w(a);
15 U.S.C. 78q(h); 15 U.S.C. 77q(a); 15 U.S.C. 78n; 15 U.S.C. 78dd-1; 15
U.S.C. 78b; 15 U.S.C. 78o(c); 15 U.S.C. 80(a)-23; 15 U.S.C. 78c; 15
U.S.C. 78o(g); 15 U.S.C. 80a-29; 15 U.S.C. 78j; 15 U.S.C. 78o-4; 15
U.S.C. 80a-37; 15 U.S.C. 78k-1(c); 15 U.S.C. 78o-5; 15 U.S.C. 77s(a);
15 U.S.C. 781; 15 U.S.C. 78q(a); 15 U.S.C. 78i(a); 15 U.S.C. 78m; 15
U.S.C. 78q(b); 15 U.S.C. 78o(b)
Abstract: The Division is considering recommending that the
Commission adopt proposed amendments to Exchange Act Rule 3b-16 to
include systems that offer the use of non-firm trading interest and
communication
[[Page 9734]]
protocols to bring together buyers and sellers of securities.
The Division is considering recommending that the Commission adopt
proposed amendments to Regulation ATS and Regulation SCI for ATSs that
trade U.S. Government Securities, NMS stock, and other types of
securities and to require the electronic filing of a modernized version
of Form ATS and Form ATS-R.
Timetable:
------------------------------------------------------------------------
Action Date FR Cite
------------------------------------------------------------------------
NPRM................................ 12/31/20 85 FR 87106
NPRM Comment Period End............. 03/01/21
Second NPRM......................... 03/18/22 87 FR 15496
Second NPRM Comment Period End...... 04/18/22
NPRM Comment Period Reopened........ 05/12/22 87 FR 29059
NPRM Comment Period Reopened End.... 06/13/22
NPRM Comment Period Reopened........ 05/05/23 88 FR 29448
NPRM Comment Period Reopened End.... 06/13/23
Final Action........................ 04/00/24
------------------------------------------------------------------------
Regulatory Flexibility Analysis Required: Yes.
Agency Contact: Tyler Raimo, Division of Trading and Markets,
Securities and Exchange Commission, 100 F Street NE, Washington, DC
20549, Phone: 202 551-6227, Email: <a href="/cdn-cgi/l/email-protection#a0d2c1c9cdcfd4e0d3c5c38ec7cfd6"><span class="__cf_email__" data-cfemail="7604171f1b19023605131558111900">[email protected]</span></a>.
RIN: 3235-AM45
624. Cybersecurity Risk Management Rules for Broker-Dealers, Clearing
Agencies, MSBSPS, the MSRB, National Securities Associations, National
Securities Exchanges, SBSDRS, SBS Dealers, and Transfer Agents [3235-
AN15]
Legal Authority: 15 U.S.C. 77c; 15 U.S.C. 77f; 15 U.S.C. 77g; 15
U.S.C. 77h; 15 U.S.C. 77j; 15 U.S.C. 77s(a); 15 U.S.C. 77z-3; 15 U.S.C.
77sss(a); 15 U.S.C. 78c(b); 15 U.S.C. 78l; 15 U.S.C. 78m; 15 U.S.C.
78n; 15 U.S.C. 78o(d); 15 U.S.C. 78o-10; 15 U.S.C. 78w(a); 15 U.S.C.
78ll; 15 U.S.C. 80a-6(c); 15 U.S.C. 80a-8; 15 U.S.C. 80a-29; 15 U.S.C.
80a-30; 15 U.S.C. 80a-37; 15 U.S.C. 80b-4; 15 U.S.C. 80b-10; 15 U.S.C.
80b-11; 15 U.S.C. 7201 et seq.; 18 U.S.C. 1350; . . .
Abstract: The Division is considering recommending that the
Commission adopt amendments to require that market entities address
cybersecurity risks, to improve the Commission's ability to obtain
information about significant cybersecurity incidents impacting market
entities, and to improve transparency about cybersecurity risk in the
U.S. securities markets. The Commission proposed a new rule and form
and amendments to existing recordkeeping rules to require broker-
dealers, clearing agencies, major security-based swap participants, the
Municipal Securities Rulemaking Board, national securities
associations, national securities exchanges, security-based swap data
repositories, security-based swap dealers, and transfer agents to
address cybersecurity risks through policies and procedures, immediate
notification to the Commission of the occurrence of a significant
cybersecurity incident and, as applicable, reporting detailed
information to the Commission about a significant cybersecurity
incident, and public disclosures that would improve transparency with
respect to cybersecurity risks and significant cybersecurity incidents.
In addition, the Commission proposed amendments to existing clearing
agency exemption orders to require the retention of records that would
need to be made under the proposed cybersecurity requirements. Finally,
the Commission proposed amendments to address the potential
availability to security-based swap dealers and major security-based
swap participants of substituted compliance in connection with those
requirements.
Timetable:
------------------------------------------------------------------------
Action Date FR Cite
------------------------------------------------------------------------
NPRM................................ 04/05/23 88 FR 20212
NPRM Comment Period End............. 06/05/23
Final Action........................ 04/00/24
------------------------------------------------------------------------
Regulatory Flexibility Analysis Required: Yes.
Agency Contact: Nina Kostyukovskyn, Attorney, Securities and
Exchange Commission, 100 F Street NE, Washington, DC 20549, Phone: 202
551-8833, Email: <a href="/cdn-cgi/l/email-protection#63080c10171a16080c1510081a0d231006004d040c15"><span class="__cf_email__" data-cfemail="442f2b37303d312f2b32372f3d2a043721276a232b32">[email protected]</span></a>.
RIN: 3235-AN15
625. Regulation NMS: Minimum Pricing Increments, Access Fees, and
Transparency of Better Priced Orders [3235-AN23]
Legal Authority: 15 U.S.C. 78b; 15 U.S.C. 78c; 15 U.S.C. 78e; 15
U.S.C. 78f; 15 U.S.C. 78k; 15 U.S.C. 78k-1; 15 U.S.C. 78o; 15 U.S.C.
78o-3; 15 U.S.C. 78q; 15 U.S.C. 78s; 15 U.S.C. 78w(a); 15 U.S.C. 78mm
Abstract: The Division is considering recommending that the
Commission amend certain rules of Regulation National Market System
(Regulation NMS) under the Securities Exchange Act of 1934, as amended,
to adopt variable minimum pricing increments for the quoting and
trading of NMS stocks, reduce the access fee caps, and enhance the
transparency of better priced orders.
Timetable:
------------------------------------------------------------------------
Action Date FR Cite
------------------------------------------------------------------------
NPRM................................ 12/29/22 87 FR 80266
NPRM Comment Period End............. 03/31/23
Final Action........................ 04/00/24
------------------------------------------------------------------------
Regulatory Flexibility Analysis Required: Yes.
Agency Contact: Kelly Riley, Senior Special Counsel, Securities and
Exchange Commission, 100 F Street NE, Washington, DC 20549, Phone: 202
551-6772, Email: <a href="/cdn-cgi/l/email-protection#f381969a9f968a9896b3809690dd949c85"><span class="__cf_email__" data-cfemail="2b594e42474e52404e6b584e48054c445d">[email protected]</span></a>.
RIN: 3235-AN23
626. Regulation Best Execution [3235-AN24]
Legal Authority: 15 U.S.C. 77g; 15 U.S.C. 77q(a); 15 U.S.C. 77s(a);
15 U.S.C. 78b; 15 U.S.C. 78c(b); 15 U.S.C. 78e; 15 U.S.C. 78g(c)(2); 15
U.S.C. 78i(a); 15 U.S.C. 78j; 15 U.S.C. 78k-1; 15 U.S.C. 78l; 15 U.S.C.
78m; 15 U.S.C. 78n; 15 U.S.C. 78o(b); 15 U.S.C. 78o(c); 15 U.S.C.
78o(g); 15 U.S.C. 78o-1; 15 U.S.C. 78q; 15 U.S.C. 78w(a); 15 U.S.C.
78x; 15 U.S.C. 78dd-1; 15 U.S.C. 78mm; 15 U.S.C. 80a-23; 15 U.S.C. 80a-
29; 15 U.S.C. 80a-30; . . .
Abstract: The Division is considering recommending that the
Commission adopt new rules under the Securities Exchange Act of 1934
relating to a broker-dealer's duty of best execution. Proposed
Regulation Best Execution would enhance the existing regulatory
framework concerning the duty of best execution by requiring detailed
policies and procedures for all broker-dealers and more robust policies
and procedures for broker-dealers engaging in certain conflicted
transactions with retail customers, as well as related review and
documentation requirements.
Timetable:
------------------------------------------------------------------------
Action Date FR Cite
------------------------------------------------------------------------
NPRM................................ 01/27/23 88 FR 5440
NPRM Comment Period End............. 03/31/23
Final Action........................ 04/00/24
------------------------------------------------------------------------
Regulatory Flexibility Analysis Required: Yes.
Agency Contact: David R. Dimitrious, Securities and Exchange
Commission, 100 F Street NE, Washington, DC 20549,
[[Page 9735]]
Phone: 202 551-5131, Email: <a href="/cdn-cgi/l/email-protection#04606d696d70766d6b717760447761672a636b72"><span class="__cf_email__" data-cfemail="03676a6e6a77716a6c767067437066602d646c75">[email protected]</span></a>.
RIN: 3235-AN24
SECURITIES AND EXCHANGE COMMISSION (SEC)
Division of Trading and Markets
Completed Actions
627. Exemption for Certain Exchange Members [3235-AN17]
Legal Authority: 15 U.S.C. 78c; 15 U.S.C. 78o; 15 U.S.C. 78o-1; 15
U.S.C. 78q; 15 U.S.C. 78s; 15 U.S.C. 78w; 15 U.S.C. 78mm; . . .
Abstract: The Commission adopted amendments to a rule under the
Securities Exchange Act of 1934 that exempts certain Commission-
registered brokers or dealers from membership in a registered national
securities association (``Association''). The amendments replace rule
provisions that provide an exemption for proprietary trading with
narrower exemptions from Association membership for any registered
broker or dealer that is a member of a national securities exchange,
carries no customer accounts, and effects transactions in securities
otherwise than on a national securities exchange of which it is a
member. The amendments create exemptions for such a registered broker
or dealer that effects securities transactions otherwise than on an
exchange of which it is a member that result solely from orders that
are routed by a national securities exchange of which it is a member to
comply with order protection regulatory requirements, or are solely for
the purpose of executing the stock leg of a stock-option order.
Timetable:
------------------------------------------------------------------------
Action Date FR Cite
------------------------------------------------------------------------
NPRM................................ 08/12/22 87 FR 49930
NPRM Comment Period End............. 09/27/22
Final Action........................ 09/07/23 88 FR 61850
Final Action Effective.............. 11/06/23
------------------------------------------------------------------------
Regulatory Flexibility Analysis Required: Yes.
Agency Contact: Michael Bradley, Division of Trading and Markets,
Securities and Exchange Commission, 100 F Street NE, Washington, DC
20549, Phone: 202 551-5594, Email: <a href="/cdn-cgi/l/email-protection#57352536333b322e3a1724323479303821"><span class="__cf_email__" data-cfemail="12706073767e776b7f526177713c757d64">[email protected]</span></a>.
RIN: 3235-AN17
[FR Doc. 2024-00469 Filed 2-8-24; 8:45 am]
BILLING CODE 8011-01-P
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</html>Indexed from Federal Register on February 9, 2024.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.