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Federal Register / Vol. 86, No. 16 / Wednesday, January 27, 2021 / Notices
khammond on DSKJM1Z7X2PROD with NOTICES

securities is 7.2 hours per response, the current burden estimate for funds holding no equity securities is 0.17
hours 10 minutes per response, and the current burden estimate for fund of funds is 1 hour per response. Therefore, the number of aggregate burden hours, when calculated using the current number of portfolios, is approximately 47,984 hours.2 We continue to believe that these estimates for Form NPXs current burden are appropriate. Based on the Commissions estimate of 47,984
burden hours and an estimated wage rate of approximately $368 per hour,3
the total cost to reporting persons of the hour burden for filing Form NPX is approximately $17.66 million.4
The estimated cost burden of Form N
PX is $1,000 in external costs per portfolio holding equity securities that is paid to third-party service providers.
External costs for portfolios holding no equity securities have previously been estimated to be zero because portfolios holding no equity securities generally have no proxy votes to report and therefore do not require third-party service providers to assist with proxy voting and preparing reports on Form NPX. The estimated cost burden of Form NPX for fund of funds is estimated to be $100 per portfolio because fund of funds generally either have no proxy votes to report; or if proxy votes are reported, they are generally limited in the number of securities and the number of voting matters relative to portfolios holding equity securities. Therefore, the aggregate cost burden, when calculated using the current number of portfolios, is approximately $6,539,600 in external costs.5 We continue to believe that these estimates for Form NPXs current cost burden are appropriate.
Estimates of average burden hours and costs are made solely for the purposes of the Paperwork Reduction Act and are not derived from a comprehensive or even representative survey or study of the costs of Commission rules and forms.
2 6,392 portfolios that hold equity securities 7.2
hours per year + 2,857 portfolios holding no equity securities 0.17 hours per year + 1,476
portfolios holding fund securities 1 hour per year = 47,984 hours.
3 The hourly wage figure for a compliance attorney is from the Securities Industry and Financial Markets Associations Management &
Professional Salaries in the Securities Industry 2013, modified by Commission staff to account for an 1800-hour work-year and inflation and multiplied by 5.35 to account for bonuses, firm size, employee benefits and overhead.
4 47,984 hours $368 per hour = $17,658,112.
5 6,392 portfolios holding equity securities
$1,000 per year + 2,857 portfolios holding no equity securities $0 per year + 1,476 fund of funds $100 = $6,539,600.

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Compliance with the collection of information requirements of Form NPX
is mandatory. Responses to the collection of information will not be kept confidential. 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.
Written comments are invited on: a Whether the collection of information is necessary for the proper performance of the functions of the Commission, including whether the information has practical utility; b the accuracy of the Commissions 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 in writing within 60 days of this publication.
Please direct your written comments to David Bottom, Director/Chief Information Officer, Securities and Exchange Commission, C/O Cynthia Roscoe, 100 F Street NE, Washington, DC 20549; or send an email to: PRA_
Mailbox@sec.gov.
Dated: January 21, 2021.
J. Matthew DeLesDernier, Assistant Secretary.
FR Doc. 202101667 Filed 12621; 8:45 am BILLING CODE 801101P

SECURITIES AND EXCHANGE
COMMISSION
Release No. 3490956; File No. SR
NYSEAMER202103

Self-Regulatory Organizations; NYSE
American LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the NYSE
American Options Fee Schedule January 21, 2021.

Pursuant to Section 19b1 1 of the Securities Exchange Act of 1934 the Act 2 and Rule 19b4 thereunder,3
notice is hereby given that, on January 13, 2021, 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, II, and III below, which Items U.S.C. 78sb1.
U.S.C. 78a.
3 17 CFR 240.19b4.

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have been prepared by the selfregulatory organization. The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons.
I. Self-Regulatory Organizations Statement of the Terms of Substance of the Proposed Rule Change The Exchange proposes to amend the NYSE American Options Fee Schedule Fee Schedule regarding the credit for certain American Customer Engagement ACE Program Simple transactions. The Exchange proposes to implement the fee change effective January 13, 2021. The proposed rule change is available on the Exchanges website at www.nyse.com, at the principal office of the Exchange, and at the Commissions Public Reference Room.
II. Self-Regulatory Organizations 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 Organizations Statement of the Purpose of, and the Statutory Basis for, the Proposed Rule Change 1. Purpose The purpose of this filing is to modify the Fee Schedule regarding a certain credit available to ACE Program participants who also have an affiliated or appointed Market Maker that participates in the Prepayment Program.4 The Exchange proposes to implement the rule change on January 13, 2021.
Section I.E. of the Fee Schedule sets forth the per contract credits applicable to Simple and Complex executions for participants in the ACE Program.
Currently, the Exchange offers a range of credits to ACE Program participants for each electronic Customer contract, including certain credits available to participants with affiliated or appointed Market Makers that prepay their Market Maker fees. The credits are tiered based on increasing levels of Customer
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2 15

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4 See Fee Schedule, Section I.D., Prepayment Program.

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