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pdfFederal Register / Vol. 90, No. 168 / Wednesday, September 3, 2025 / Notices
publication submitted material that is
obscene or subject to copyright
protection. All submissions should refer
to file number SR–NYSETEX–2025–25
and should be submitted on or before
September 24, 2025.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.18
Vanessa A. Countryman,
Secretary.
[FR Doc. 2025–16817 Filed 9–2–25; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–103797; File No. SR–
NYSEARCA–2025–13]
Self-Regulatory Organizations; NYSE
Arca, Inc.; Notice of Designation of a
Longer Period for Commission Action
on Proceedings To Determine Whether
To Approve or Disapprove a Proposed
Rule Change To Amend the Grayscale
Ethereum Trust ETF and Grayscale
Ethereum Mini Trust ETF To Permit
Staking of the Ether Held by the Trusts
August 28, 2025.
On February 14, 2025, NYSE Arca,
Inc. (‘‘NYSE Arca’’) filed with the
Securities and Exchange Commission
(‘‘Commission’’), pursuant to Section
19(b)(1) of the Securities Exchange Act
of 1934 (‘‘Act’’) 1 and Rule 19b–4
thereunder,2 a proposed rule change to
amend the rules governing the listing
and trading of shares of the Grayscale
Ethereum Trust ETF and the Grayscale
Ethereum Mini Trust ETF under NYSE
Arca Rule 8.201–E. The proposed rule
change was published for comment in
the Federal Register on March 3, 2025.3
On April 14, 2025, pursuant to
Section 19(b)(2) of the Exchange Act,4
the Commission designated a longer
period within which to approve the
proposed rule change, disapprove the
proposed rule change, or institute
proceedings to determine whether to
disapprove the proposed rule change.5
On May 28, 2025, the Commission
initiated proceedings under Section
18 17
CFR 200.30–3(a)(12), (59).
U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
3 See Securities Exchange Act Release No. 102485
(Feb. 25, 2025), 90 FR 11081. Comments received
on the proposed rule change are available at:
https://www.sec.gov/comments/sr-nysearca-202513/srnysearca202513.htm.
4 15 U.S.C. 78s(b)(2).
5 See Securities Exchange Act Release No.
102855, 90 FR 16582 (Apr. 18, 2025) (designating
June 1, 2025, as the date by which the Commission
shall either approve, disapprove, or institute
proceedings to determine whether to disapprove the
proposed rule change).
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19(b)(2)(B) of the Act 6 to determine
whether to approve or disapprove the
proposed rule change.7
Section 19(b)(2) of the Act 8 provides
that, after initiating proceedings, the
Commission shall issue an order
approving or disapproving the proposed
rule change not later than 180 days after
the date of publication of notice of filing
of the proposed rule change. The
Commission may extend the period for
issuing an order approving or
disapproving the proposed rule change,
however, by not more than 60 days if
the Commission determines that a
longer period is appropriate and
publishes the reasons for such
determination. The proposed rule
change was published for comment in
the Federal Register on March 3, 2025.9
The 180th day after publication of the
proposed rule change is August 30,
2025. The Commission is extending the
time period for approving or
disapproving the proposed rule change
for an additional 60 days. The
Commission finds it appropriate to
designate a longer period within which
to issue an order approving or
disapproving the proposed rule change
so that it has sufficient time to consider
the proposed rule change and the issues
raised therein. Accordingly, the
Commission, pursuant to Section
19(b)(2) of the Act,10 designates October
29, 2025, as the date by which the
Commission shall either approve or
disapprove the proposed rule change
(File No. SR–NYSEARCA–2025–13).
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.11
Vanessa A. Countryman,
Secretary.
[FR Doc. 2025–16813 Filed 9–2–25; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[OMB Control No. 3235–0721]
Agency Information Collection
Activities; Submission for OMB
Review; Comment Request; Extension:
Form 1–SA
Upon Written Request, Copies Available
From: Securities and Exchange
Commission, Office of FOIA Services,
6 15
U.S.C. 78s(b)(2)(B).
Securities Exchange Act Release No.
103137, 90 FR 23590 (June 3, 2025).
8 15 U.S.C. 78s(b)(2).
9 See supra note 3 and accompanying text.
10 15 U.S.C. 78s(b)(2).
11 17 CFR 200.30–3(a)(57).
7 See
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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’’) has submitted to the
Office of Management and Budget this
request for extension of the previously
approved collection of information
discussed below.
Form 1–SA (17 CFR 239.92) is used to
file semiannual reports by Tier 2 issuers
under Regulation A, an exemption from
registration under the Securities Act of
1933 (15 U.S.C. 77a et seq.). Tier 2
issuers under Regulation A conducting
offerings of up to $75 million within a
12-month period are required to file
Form 1–SA. Form 1–SA provides
semiannual, interim financial
statements and information about the
issuer’s liquidity, capital resources and
operations after the issuer’s second
fiscal quarter. The purpose of the Form
1–SA is to better inform the public
about companies that have conducted
Tier 2 offerings under Regulation A. The
information required by Form 1–SA is
mandatory, and Form 1–SA is publicly
available on the Commission’s
Electronic Data Gathering, Analysis, and
Retrieval (‘‘EDGAR’’) system. We
estimate that approximately 464 issuers
file Form 1–SA annually. We estimate
that Form 1–SA takes approximately
188.04 hours to prepare. We estimate
that 85% of the 188.04 hours per
response (159.834 hours) is carried
internally by the issuer for a total
annual burden of 74,163 hours (159.834
hours per response × 464 responses). We
estimate that 15% of the approximately
188.04 hours per response (28.206
hours) is carried by outside
professionals retained by the issuer to
assist in the preparation of the form, at
an estimated cost of $600 per hour, for
a total annual cost burden of $7,852,550
(28.206 hours per response × $600 per
hour × 464 responses annually).
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.
The public may view and comment
on this information collection request
at: https://www.reginfo.gov/public/do/
PRAViewICR?ref_nbr=202504-3235-018
or send an email comment to
MBX.OMB.OIRA.SEC_desk_officer@
omb.eop.gov within 30 days of the day
after publication of this notice by
October 6, 2025.
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Federal Register / Vol. 90, No. 168 / Wednesday, September 3, 2025 / Notices
Dated: August 29, 2025.
Sherry Haywood,
Assistant Secretary.
state the nature of the writer’s interest,
any facts bearing upon the desirability
of a hearing on the matter, the reason for
the request, and the issues contested.
Persons who wish to be notified of a
hearing may request notification by
emailing the Commission’s Secretary at
Secretarys-Office@sec.gov.
[FR Doc. 2025–16894 Filed 9–2–25; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
Aksia LLC, et al
August 28, 2025.
Securities and Exchange
Commission (‘‘Commission’’ or ‘‘SEC’’).
ACTION: Notice.
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AGENCY:
Notice of application for an order
under sections 17(d) and 57(i) of the
Investment Company Act of 1940 (the
‘‘Act’’) and rule 17d–1 under the Act to
permit certain joint transactions
otherwise prohibited by sections 17(d)
and 57(a)(4) of the Act and rule 17d–1
under the Act.
SUMMARY OF APPLICATION: Applicants
request an order to permit certain
business development companies
(‘‘BDCs’’) and closed-end management
investment companies to co-invest in
portfolio companies with each other and
with certain affiliated investment
entities.
APPLICANTS: Calamos Aksia Alternative
Credit and Income Fund, Calamos Aksia
Private Equity and Alternatives Fund,
Calamos Aksia Hedged Strategies Fund,
Aksia LLC, Aksia CA LLC, 599 Fund
LLC, and certain of their wholly-owned
subsidiaries as described in Schedule A
to the application, and certain of their
affiliated entities as described in
Schedule B to the application.
FILING DATES: The application was filed
on May 8, 2025, and amended on
August 19, 2025.
HEARING OR NOTIFICATION OF HEARING:
An order granting the requested relief
will be issued unless the Commission
orders a hearing. Interested persons may
request a hearing on any application by
emailing the SEC’s Secretary at
Secretarys-Office@sec.gov and serving
the Applicants with a copy of the
request by email, if an email address is
listed for the relevant Applicant below,
or personally or by mail, if a physical
address is listed for the relevant
Applicant below. Hearing requests
should be received by the Commission
by 5:30 p.m. on September 22, 2025,
and should be accompanied by proof of
service on the Applicants, in the form
of an affidavit or, for lawyers, a
certificate of service. Pursuant to rule 0–
5 under the Act, hearing requests should
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The Commission:
Secretarys-Office@sec.gov. Applicants:
Maya Fishman, Esq., maya.fishman@
aksia.com, Aksia, LLC, 599 Lexington
Avenue, 37th Floor, New York, NY
10022; Joshua B. Deringer, Esq.,
joshua.deringer@faegredrinker.com,
Faegre Drinker Biddle & Reath LLP, One
Logan Square, Ste. 2000, Philadelphia,
PA 19103; Joshua M. Lindauer, Esq.,
joshua.lindauer@faegredrinker.com,
Faegre Drinker Biddle & Reath LLP,
1177 Avenue of the Americas, 41st
Floor, New York, NY 10036.
ADDRESSES:
[Investment Company Act Release No.
35729; File No. 812–15785]
FOR FURTHER INFORMATION CONTACT:
Adam Large, Senior Special Counsel,
Toyin Momoh, Senior Counsel, or
Daniele Marchesani, Assistant Chief
Counsel, at (202) 551–6825 (Division of
Investment Management, Chief
Counsel’s Office).
For
Applicants’ representations, legal
analysis, and conditions, please refer to
Applicants’ first amended application,
dated August 19, 2025, which may be
obtained via the Commission’s website
by searching for the file number at the
top of this document, or for an
Applicant using the Company name
search field, on the SEC’s EDGAR
system.
The SEC’s EDGAR system may be
searched at https://www.sec.gov/edgar/
searchedgar/companysearch.html. You
may also call the SEC’s Office of
Investor Education and Advocacy at
(202) 551–8090.
SUPPLEMENTARY INFORMATION:
For the Commission, by the Division of
Investment Management, under delegated
authority.
Vanessa A. Countryman,
Secretary.
[FR Doc. 2025–16823 Filed 9–2–25; 8:45 am]
BILLING CODE 8011–01–P
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SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–103798; File No. SR–
NYSEAMER–2025–52]
Self-Regulatory Organizations; NYSE
American LLC; Notice of Filing and
Immediate Effectiveness of Proposed
Change To Amend Rule 7.35E
August 28, 2025.
Pursuant to Section 19(b)(1) 1 of the
Securities Exchange Act of 1934
(‘‘Act’’) 2 and Rule 19b–4 thereunder,3
notice is hereby given that, on August
26, 2025, NYSE American LLC (‘‘NYSE
American’’ or the ‘‘Exchange’’) filed
with the Securities and Exchange
Commission (the ‘‘Commission’’) the
proposed rule change as described in
Items I and II below, which Items have
been prepared by the self-regulatory
organization. The Commission is
publishing this notice to solicit
comments on the proposed rule change
from interested persons.
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
The Exchange proposes to amend
Rule 7.35E (Auctions) regarding Auction
Imbalance Information and make related
conforming changes. The proposed rule
change is available on the Exchange’s
website at www.nyse.com and at the
principal office of the Exchange.
II. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
In its filing with the Commission, the
self-regulatory organization included
statements concerning the purpose of,
and basis for, the proposed rule change
and discussed any comments it received
on the proposed rule change. The text
of those statements may be examined at
the places specified in Item IV below.
The Exchange has prepared summaries,
set forth in sections A, B, and C below,
of the most significant parts of such
statements.
A. Self-Regulatory Organization’s
Statement of the Purpose of, and the
Statutory Basis for, the Proposed Rule
Change
1. Purpose
The Exchange proposes to amend
Rule 7.35E (Auctions) regarding the
calculation of auction imbalance
information disseminated by the
Exchange. Specifically, the Exchange
1 15
U.S.C. 78s(b)(1).
U.S.C. 78a.
3 17 CFR 240.19b–4.
2 15
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