Federal Register 60-day Notice

Federal Register / Vol. 90, No. 22 / Tuesday, February 4, 2025 / Notices
greater future value to Nasdaq than will
other issuers with lower market
capitalizations by switching to its
market.34 Based on the foregoing, the
Commission finds that the proposal to
modify the packages of complimentary
services offered to Eligible Switches
with a market capitalization of $750
million or more that list on or after the
effective date of this proposed rule
change does not unfairly discriminate
among issuers and therefore is
consistent with section 6(b)(5) of the
Act.35 For similar reasons, the
Commission finds that, with the
proposed changes to the provision of
Market Advisory Tools, the packages of
complimentary services are equitably
allocated among issuers consistent with
section 6(b)(4) of the Act.36
The Commission also finds that it is
consistent with the Act for Nasdaq to
modify the definition of an Eligible
Switch in Listing Rule IM–5900–7(a)(2)
to include companies switching their
listing not only from the NYSE, as
currently provided, but also from any
other national securities exchange. In
Nasdaq’s 2011 proposal to limit Eligible
Switches only to companies switching
their listing from the NYSE, Nasdaq
stated that those listings would bring
greater future value to Nasdaq.37 In the
instant filing, Nasdaq states that
expanding the definition of Eligible
Switch to including listings from any
national securities exchange is designed
to increase competition with other
national securities exchanges.38 The
Commission finds that this aspect of the
proposed change also does not unfairly
discriminate among issuers and reflects
the current competitive environment for
exchange listings among national
securities exchanges and is therefore
consistent with sections 6(b)(5) and
6(b)(8) of the Act.39 For similar reasons,
the Commission finds that expanding
the definition of ‘‘Eligible Switch’’ as
proposed would allow complimentary
services packages to remain equitably
allocated among issuers consistent with
section 6(b)(4) of the Act.40
IV. Conclusion
It is therefore ordered, pursuant to
section 19(b)(2) of the Act,41 that the
proposed rule change (SR–NASDAQ–
2024–059) be, and hereby is, approved.
lotter on DSK11XQN23PROD with NOTICES1

34 See

Notice, supra note 3, at 87916.
35 15 U.S.C. 78f(b)(5).
36 15 U.S.C. 78f(b)(4).
37 See 2011 Approval Order, supra note 30, at
79265.
38 See Notice, supra note 3, at 87917.
39 15 U.S.C. 78f(b)(5) and (8).
40 15 U.S.C. 78f(b)(4).
41 15 U.S.C. 78s(b)(2).

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For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.42
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2025–02150 Filed 2–3–25; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[OMB Control No. 3235–0787]

Proposed Collection; Comment
Request; Extension: Generic
Clearance for Feedback to the SEC’s
Office of the Advocate for Small
Business Capital Formation
Upon Written Request Copies Available
From: U.S. 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.), the Securities
and Exchange Commission
(‘‘Commission’’) is soliciting comments
on the collection of information
summarized below. The Commission
plans to submit this existing collection
of information to the Office of
Management and Budget for extension
and approval.
The Commission’s Office of the
Advocate for Small Business Capital
Formation (‘‘Office’’ or ‘‘OASB’’) seeks
to collect feedback from small
businesses and their investors to
understand better the population that it
is serving and their role in the small
business ecosystem. The proposed
collection of information will help
ensure that the Office’s outreach efforts
and communication materials and other
program initiatives are effective and
responsive to customer needs. More
specifically, the Office will seek the
following four categories of information:
(i) Demographic information about
program participants, (ii) feedback on
the Office’s outreach and educational
materials, (iii) capital formation-related
questions, and (iv) issues and challenges
faced by small businesses and their
investors. This feedback will allow the
Office to tailor its outreach efforts and
communication materials to serve its
customers more effectively. Collecting
feedback will also allow the Office to
understand better its target audience
and improve outreach events and
educational materials by optimizing
their content and delivery, while
strategizing how best to deploy the
42 17

PO 00000

Office’s resources to address issues and
challenges faced by its customers.
Feedback collected under this generic
clearance will provide useful
information, but it will not yield data
that can be generalized to the overall
population. This type of generic
clearance for information will not be
used for quantitative information
collections that are designed to yield
reliably actionable results, such as
monitoring trends over time or
documenting program performance.
These are the estimates for the next
three years for the expected annual
number of (i) activities: 30; (ii)
respondents: 10,000; (iii) responses:
10,000; (iv) frequency of response: once
per request; (v) average minutes per
response: 5; and (vi) burden hours: 833.
Written comments are invited on: (a)
Whether the proposed collection of
information is necessary for the proper
performance of the functions of the
Office, including whether the
information shall have practical utility;
(b) the accuracy of the estimates of the
burden of the proposed collection of
information; (c) ways to enhance the
quality, utility, and clarity of the
information to be 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 within 60 days of this
publication by April 7, 2025.
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 OMB
control number.
Please direct your written comments
to: Austin Gerig, Director/Chief Data
Officer, Securities and Exchange
Commission, c/o Tanya Ruttenberg, 100
F Street NE, Washington, DC 20549 or
send an email to: PRA_Mailbox@
sec.gov.
Dated: January 29, 2025.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2025–02164 Filed 2–3–25; 8:45 am]
BILLING CODE 8011–01–P

CFR 200.30–3(a)(12).

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