Federal Register 60-Day Notice

Federal Register / Vol. 89, No. 241 / Monday, December 16, 2024 / Notices
responsibilities as an SRO more
efficiently in cases where formal
disciplinary proceedings are not
necessary due to the minor nature of the
particular violation.
In declaring the Exchange’s MRVP
effective, the Commission does not
minimize the importance of compliance
with Exchange rules and all other rules
subject to the imposition of sanctions
under Exchange Rule 1014(d). Violation
of an SRO’s rules, as well as
Commission rules, is a serious matter.
However, Exchange Rule 1014(d)
provides a reasonable means of
addressing violations that do not rise to
the level of requiring formal
disciplinary proceedings, while
providing greater flexibility in handling
certain violations. The Commission
expects the Exchange to continue to
conduct surveillance and make
determinations based on its findings, on
a case-by-case basis, regarding whether
a violation requires formal disciplinary
action or whether a sanction under the
MRVP is appropriate.
It is therefore ordered, pursuant to
Rule 19d–1(c)(2) under the Act,13 that
the proposed MRVP for MIAX Sapphire,
LLC, File No. 4–844 be, and hereby is,
declared effective.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.14
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024–29472 Filed 12–13–24; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–603, OMB Control No.
3235–0658]

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Proposed Collection; Comment
Request; Extension: Rule 22e–3
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, under the
Paperwork Reduction Act of 1995 (44
U.S.C. 3501–3520), the Securities and
Exchange Commission (the
‘‘Commission’’) has submitted to the
Office of Management and Budget a
request for extension of the previously
approved collection of information
discussed below.
Section 22(e) of the Investment
Company Act of 1940, as amended [15
13 Id.
14 17

CFR 200.30–3(a)(44).

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U.S.C. 80a–22(e)] (‘‘Act’’) generally
prohibits funds, including money
market funds, from suspending the right
of redemption, and from postponing the
payment or satisfaction upon
redemption of any redeemable security
for more than seven days. The provision
was designed to prevent funds and their
investment advisers from interfering
with the redemption rights of
shareholders for improper purposes,
such as the preservation of management
fees. Although section 22(e) permits
funds to postpone the date of payment
or satisfaction upon redemption for up
to seven days, it does not permit funds
to suspend the right of redemption for
any longer amount of time, absent
certain specified circumstances or a
Commission order.
Rule 22e–3 under the Act [17 CFR
270.22e–3] exempts money market
funds from section 22(e) to permit them
to suspend redemptions in order to
facilitate an orderly liquidation of the
fund. Specifically, rule 22e–3 permits a
money market fund to suspend
redemptions and postpone the payment
of proceeds pending board-approved
liquidation proceedings if: (i) the fund,
at the end of a business day, has
invested less than ten percent of its total
assets in weekly liquid assets or, in the
case of a fund that is a government
money market fund or a retail money
market fund, the fund’s price per share
as computed for the purpose of
distribution, redemption and
repurchase, rounded to the nearest one
percent, has deviated from the stable
price established by the board of
directors or the fund’s board of
directors, including a majority of
directors who are not interested persons
of the fund, determines that such a
deviation is likely to occur; (ii) the
fund’s board of directors, including a
majority of disinterested directors,
irrevocably has approved the
liquidation of the fund; and (iii) the
fund, prior to suspending redemptions,
notifies the Commission of its decision
to liquidate and suspend redemptions.
Rule 22e–3 also provides an exemption
from section 22(e) for registered
investment companies that own shares
of a money market fund pursuant to
section 12(d)(1)(E) of the Act (‘‘conduit
funds’’), if the underlying money market
fund has suspended redemptions
pursuant to the rule. A conduit fund
that suspends redemptions in reliance
on the exemption provided by rule 22e–
3 is required to provide prompt notice
of the suspension of redemptions to the
Commission. Notices required by the
rule must be provided by electronic
mail, directed to the attention of the

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101679

Director of the Division of Investment
Management or the Director’s designee.1
Compliance with the notification
requirement is mandatory for money
market funds and conduit funds that
rely on rule 22e–3 to suspend
redemptions and postpone payment of
proceeds pending a liquidation, and are
not kept confidential.
Commission staff estimates that, on
average, one fund would be required to
make the required notice every year.2
Commission staff further estimates that
a money market fund or conduit fund
would spend approximately one hour of
an in-house attorney’s time to prepare
and submit the notice required by the
rule. Given these estimates, the total
annual burden of the notification
requirement of rule 22e–3 for all money
market funds and conduit funds would
be approximately one hour at a cost of
$511. The estimated total annual burden
hours associated with rule 22e–3 is 1
hour and external costs increased from
$0 to $584. This change in external costs
reflects revised estimates. These
estimates are made solely for the
purposes of the Paperwork Reduction
Act, and is not derived from a
comprehensive or even a representative
survey or study of the costs of
Commission rules.
Compliance with the collection of
information requirements of the rule is
necessary to obtain the benefit of relying
on the rule. An agency may not conduct
or sponsor, and a person is not required
to respond to, a collection of
information unless it displays a
currently valid control number.
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
estimate of the burden of the 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
by February 14, 2025.
Please direct your written comments
to: Austin Gerig, Director/Chief Data
Officer, Securities and Exchange
Commission, c/o Tanya Ruttenberg, 100
1 See

rule 22e–3(a)(3) and 22e–3(b).
Commission has not received any notices
invoking rule 22e–3 to halt redemptions. However,
for administrative purposes, we are reporting one
respondent and one annual response.
2 The

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101680

Federal Register / Vol. 89, No. 241 / Monday, December 16, 2024 / Notices

F Street, NE Washington, DC 20549 or
send an email to: PRA_Mailbox@
sec.gov.

Dated: December 12, 2024.
Vanessa A. Countryman,
Secretary.

Dated: December 11, 2024.
Sherry R. Haywood,
Assistant Secretary.

[FR Doc. 2024–29677 Filed 12–12–24; 4:15 pm]

Percent

BILLING CODE 8011–01–P

[FR Doc. 2024–29579 Filed 12–13–24; 8:45 am]
BILLING CODE 8011–01–P

SMALL BUSINESS ADMINISTRATION

SECURITIES AND EXCHANGE
COMMISSION

[Disaster Declaration #20768 and #20769;
WEST VIRGINIA Disaster Number WV–
20015]

Sunshine Act Meetings

Presidential Declaration of a Major
Disaster for the State of West Virginia

2:00 p.m. on Thursday,
December 19, 2024.
PLACE: The meeting will be held via
remote means and/or at the
Commission’s headquarters, 100 F
Street NE, Washington, DC 20549.
STATUS: This meeting will be closed to
the public.
MATTERS TO BE CONSIDERED:
Commissioners, Counsel to the
Commissioners, the Secretary to the
Commission, and recording secretaries
will attend the closed meeting. Certain
staff members who have an interest in
the matters also may be present.
In the event that the time, date, or
location of this meeting changes, an
announcement of the change, along with
the new time, date, and/or place of the
meeting will be posted on the
Commission’s website at https://
www.sec.gov.
The General Counsel of the
Commission, or her designee, has
certified that, in her opinion, one or
more of the exemptions set forth in 5
U.S.C. 552b(c)(3), (5), (6), (7), (8), 9(B)
and (10) and 17 CFR 200.402(a)(3),
(a)(5), (a)(6), (a)(7), (a)(8), (a)(9)(ii) and
(a)(10), permit consideration of the
scheduled matters at the closed meeting.
The subject matter of the closed
meeting will consist of the following
topics:
Institution and settlement of
injunctive actions;
Institution and settlement of
administrative proceedings;
Resolution of litigation claims; and
Other matters relating to examinations
and enforcement proceedings.
At times, changes in Commission
priorities require alterations in the
scheduling of meeting agenda items that
may consist of adjudicatory,
examination, litigation, or regulatory
matters.
CONTACT PERSON FOR MORE INFORMATION:
For further information, please contact
Vanessa A. Countryman from the Office
of the Secretary at (202) 551–5400.

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TIME AND DATE:

(Authority: 5 U.S.C. 552b.)

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U.S. Small Business
Administration.
ACTION: Notice.
AGENCY:

This is a Notice of the
Presidential declaration of a major
disaster for the State of West Virginia
(FEMA–4851–DR), dated December 9,
2024.
Incident: Post-Tropical Storm Helene.
DATES: Issued on December 9, 2024.
Incident Period: September 25, 2024
through September 28, 2024.
Physical Loan Application Deadline
Date: February 7, 2025.
Economic Injury (EIDL) Loan
Application Deadline Date: September
9, 2025.
ADDRESSES: Visit the MySBA Loan
Portal at https://lending.sba.gov to
apply for a disaster assistance loan.
FOR FURTHER INFORMATION CONTACT:
Alan Escobar, Office of Disaster
Recovery & Resilience, 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
December 9, 2024, applications for
disaster loans may be submitted online
using the MySBA Loan Portal https://
lending.sba.gov or other locally
announced locations. Please contact the
SBA disaster assistance customer
service center by email at
disastercustomerservice@sba.gov or by
phone at 1–800–659–2955 for further
assistance.
The following areas have been
determined to be adversely affected by
the disaster:
Primary County (Physical Damage and
Economic Injury Loans): Mercer.
Contiguous Counties (Economic Injury
Loans Only):
West Virginia: McDowell, Monroe,
Raleigh, Summers, Wyoming.
Virginia: Bland, Giles, Tazewell.
The Interest Rates are:
SUMMARY:

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For Physical Damage:
Homeowners with Credit Available Elsewhere ....................
Homeowners without Credit
Available Elsewhere ............
Businesses with Credit Available Elsewhere ....................
Businesses without Credit
Available Elsewhere ............
Non-Profit Organizations with
Credit Available Elsewhere
Non-Profit Organizations without Credit Available Elsewhere ...................................
For Economic Injury:
Business and Small Agricultural Cooperatives without
Credit Available Elsewhere
Non-Profit Organizations without Credit Available Elsewhere ...................................

5.625
2.813
8.000
4.000
3.250
3.250

4.000
3.250

The number assigned to this disaster
for physical damage is 207688 and for
economic injury is 207690.
(Catalog of Federal Domestic Assistance
Number 59008)
Alejandro Contreras,
Acting Deputy Associate Administrator,
Office of Disaster Recovery & Resilience.
[FR Doc. 2024–29543 Filed 12–13–24; 8:45 am]
BILLING CODE 8026–09–P

SMALL BUSINESS ADMINISTRATION
National Women’s Business Council;
Notice of Public Meeting
Small Business Administration,
National Women’s Business Council.
ACTION: Notice of open public meeting.
AGENCY:

The public meeting will be held
on Tuesday, January 7, 2025, from 10:00
a.m. to 4:00 p.m. EDT.
ADDRESSES: This meeting will be held at
SBA Headquarters, at 409 3rd St. SW,
Washington, DC 20416.
FOR FURTHER INFORMATION CONTACT: For
more information, please visit the
NWBC website at www.nwbc.gov, email
info@nwbc.gov or call Rhylee Jones
(NWBC Public Affairs Associate) at
(202) 735–4342.
The meeting is open to the public;
however, advance notice of attendance
is requested. To RSVP, please visit the
NWBC website at www.nwbc.gov. The
‘‘Public Meetings’’ section under
‘‘Events’’ will feature a link to register
on Eventbrite. Public questions and
comments will be addressed and
answered during the Q&A portion of the
meeting.
SUPPLEMENTARY INFORMATION: Pursuant
to section 10(a)(2) of the Federal
Advisory Committee Act, the National
DATES:

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