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Federal Register / Vol. 86, No. 28 / Friday, February 12, 2021 / Notices
Credit Risk Retention Regulation RR 17 CFR 246.1 through 246.22
recordkeeping and disclosure requirements implement Section 15G of the Securities Exchange Act of 1934 15
U.S.C. 78o11 Section 15G clarifies the scope and application of Section 306a of the Sarbanes-Oxley Act of 2002 15
U.S.C. 7244a. Section 306a of the Sarbanes-Oxley Act requires, among other things, an issuer to provide timely notice to its directors and executive officers and to the Commission of the imposition of a blackout period that would trigger a trading prohibition under Section 306a1 of the SarbanesOxley Act. Section 306a1 prohibits any director or executive officer of an issuer of any equity security, from directly or indirectly, purchasing, selling or otherwise acquiring or transferring any equity security of that issuer during the blackout period with respect to such equity security, if the director or executive officer acquired the equity security in connection with his or her service or employment.
Approximately 1,647 issuers file using Regulation RR responses and it takes approximately 14.389 hours per response. We estimate that 75% of the 14.389 hours per response 10.792
hours is prepared by the registrant for a total annual reporting burden of 17,774 hours 10.792 hours per response 1,647 responses.
Written comments are invited on: a Whether this proposed collection of information is necessary for the proper performance of the functions of the agency, including whether the information will have practical utility;
b the accuracy of the agencys estimate of the burden imposed by 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.
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.

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Please direct your written comment 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: February 8, 2021.
J. Matthew DeLesDernier, Assistant Secretary.
FR Doc. 202102861 Filed 21121; 8:45 am BILLING CODE 801101P

SECURITIES AND EXCHANGE
COMMISSION
Release No. 3491076; File No. SRICEEU
2021001

Self-Regulatory Organizations; ICE
Clear Europe Limited; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Relating to Amendments to Clearing Fees for ICE
Futures Europe Three Month Swiss Average Rate Overnight SARON
Index Futures Contract February 8, 2021.

Pursuant to Section 19b1 of the Securities Exchange Act of 1934
Act,1 and Rule 19b4 thereunder,2
notice is hereby given that on February 1, 2021, ICE Clear Europe Limited ICE
Clear Europe filed with the Securities and Exchange Commission Commission the proposed rule changes described in Items I, II and III
below, which Items have been primarily prepared by ICE Clear Europe. ICE Clear Europe filed the proposed rule change pursuant to Section 19b3A of the Act 3 and Rule 19b4f2 thereunder,4
so that the proposal was immediately effective upon filing with the Commission. The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons.
I. Clearing Agencys Statement of the Terms of Substance of the Proposed Rule Change ICE Clear Europe Limited ICE Clear Europe proposes rule changes relating to amendments to clearing fees for ICE
Futures Europe Three Month Swiss Average Rate Overnight SARON
Index futures contract Three Month SARON. The proposed amendments
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do not involve any changes to the ICE
Clear Europe Clearing Rules or Procedures.5
II. Clearing Agencys Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change In its filing with the Commission, ICE
Clear Europe included statements concerning the purpose of and basis for the proposed rule change. The text of these statements may be examined at the places specified in Item IV below.
ICE Clear Europe has prepared summaries, set forth in sections A, B, and C below, of the most significant aspects of such statements.
A Clearing Agencys Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change a Purpose The purpose of the proposed rule changes is for ICE Clear Europe to reduce the clearing fees for Three Month SARON in line with the changes to the notional size of the contract, which the Exchange is proposing to decrease in size by a factor of four. Equivalent reductions in the trading fee are being proposed by the Exchange.
As there is no current Open Interest in the Three Month SARON contract, the proposed change to the notional size of the contract is being made to help simplify the transition of Open Interest from the existing ICE Futures Europe Three Month Euroswiss futures contract Three Month Euroswiss, which references Three Month Swiss Franc LIBOR, to the Three Month SARON
contract which references the Swiss Average Overnight Rate. Currently, Three Month SARON is four times larger in notional size than Three Month Euroswiss so this proposed change will enable the transition of Open Interest on a one to one futures contract basis. As the contract size of the Three Month SARON contract is reducing by a factor of 4, so the trading and clearing fees will reduce by the same amount. Attached sic as Exhibit 5 is an attachment containing tables listing the new fee schedules and a Circular in advance of the proposed effective date. The new fees are intended to come into effect on 01 March 2021 subject to regulatory approval. The proposed revisions to the fees are described in detail as follows.

5 Capitalized terms used but not defined herein have the meanings specified in the ICE Clear Europe Clearing Rules.

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