continue to trade on the NYMEX because the NYMEX does not provide for
trading halts in these contracts.
    In the event that: (a) The underlying value of each MACRO Holding
Trust or the per share underlying values of each of the Up-MACRO
Holding Shares, the Up-MACRO Tradeable Shares, the Down-MACRO Holding
Shares or the Down-MACRO Tradeable Shares are not disseminated daily to
all market participants at the same time, (b) the IIV, updated at least
every fifteen (15) seconds on the CTS, for the underlying value per
share of both the Up-MACRO Tradeable Shares and the Down-MACRO
Tradeable Shares is no longer calculated or available during the time
the MACRO Tradeable Shares trade on the Amex, or (c) the price of the
NYMEX light sweet crude oil futures contract is no longer available at
least every fifteen (15) seconds on the Amex Web site during the time
the MACRO Tradeable Shares trade on the Amex \43\ (e.g., due to a
temporary disruption in connection with either the pricing of the light
sweet crude oil futures contract on the NYMEX or the transmission of
real time price data from the NYMEX), then the Exchange will halt
trading.\44\ However, in the case of (b) or (c) involving interruption
to the required dissemination of IIVs or futures contract prices, the
Exchange may consider relevant factors and exercise its discretion
regarding the halt or suspension of trading during the day in which the
interruption to the dissemination of the IIVs or the futures contract
prices occurs. If the interruption to the dissemination of the IIVs or
the futures contract prices persists past the trading day in which it
occurred, the Exchange will halt trading no later than the beginning of
the trading day following the interruption.
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    \43\ Trading in the MACRO Tradeable Shares will not be halted on
the Amex, however, simply because price data from the NYMEX based on
current trading is not available outside the normal open outcry
trading hours of light sweet crude oil futures contracts on the
NYMEX from 10 a.m. to 2:30 p.m., New York City time. During those
daily periods, from 9:30 a.m. to 10 a.m. and from 2:30 p.m. to 4:15
p.m. (New York City time), the IIVs disseminated by the Amex will be
based on ``stale'' data.
    \44\ In each of these circumstances, the Exchange may contact
the Commission staff to discuss the matter.
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Suitability

    The Information Circular (described below) will inform members and
member organizations of the characteristics of the MACRO Tradeable
Shares and of applicable Exchange rules, as well as of the requirements
of Amex Rule 411 (Duty to Know and Approve Customers).
    The Exchange notes that pursuant to Amex Rule 411, members and
member organizations are required in connection with recommending
transactions in the MACRO Tradeable Shares to have a reasonable basis
to believe that a customer is suitable for the particular investment
given reasonable inquiry concerning the customer's investment
objectives, financial situation, needs, and any other information known
by such member.

Information Circular

    The Amex will distribute an Information Circular to its members in
connection with the trading of MACRO Tradeable Shares. The Information
Circular will discuss the special characteristics and risks of trading
this type of security. Specifically, the Information Circular, among
other things, will discuss what the MACRO Tradeable Shares are, how
they are created and exchanged for MACRO Holding Shares by Authorized
Participants, the requirement that members and member firms deliver a
prospectus to investors purchasing the MACRO Tradeable Shares prior to
or concurrently with the confirmation of a transaction, applicable Amex
rules, dissemination of information regarding the ``underlying value''
of each paired MACRO Holding Trust and the share of that ``underlying
value'' allocable to one Up-MACRO Holding Share, one Up-MACRO Tradeable
Share, one Down-MACRO Holding Share and one Down-MACRO Tradeable Share,
trading information and applicable suitability rules. The Information
Circular will also explain that the MACRO Holding Trusts and the MACRO
Tradeable Trusts are subject to various fees and expenses described in
the Registration Statement. The Information Circular will also
reference the fact that the Securities and Exchange Commission has no
jurisdiction over the trading of the NYMEX light sweet crude oil
futures contract.
    The Information Circular will also notify members and member
organizations about the procedures for

purchases and paired optional redemptions of the MACRO Holding Shares
held in the MACRO Tradeable Trusts, which may only be effected in MACRO
Units by Authorized Participants. The Information Circular will advise
members of their suitability obligations with respect to recommended
transactions to customers in the MACRO Tradeable Shares. The
Information Circular will also discuss any relief, if granted, by the
Commission or the staff from any rules under the Act.

Surveillance

    Exchange surveillance procedures applicable to trading in the
proposed MACRO Tradeable Shares will be similar to those applicable to
trust issued receipts, Portfolio Depository Receipts and Index Fund
Shares currently trading on the Exchange. The AMEX surveillance systems
use data published over CTS (e.g., the IIVs) in its normal course of
business. In the event this group needs additional information to audit
transactions in MACRO Tradeable Shares, the NYMEX and Amex have
executed an information sharing agreement to support the surveillance
responsibilities of the two exchanges.
2. Statutory Basis
    The Amex believes that the proposed rule change, as amended, is
consistent with the requirements of Section 6(b) of the Act \45\ in
general, and furthers the objectives of Section 6(b)(5),\46\ of the Act
in particular, in that it is designed to prevent fraudulent and
manipulative acts and practices, to promote just and equitable
principles of trade, to foster cooperation and coordination with
persons engaged in facilitating transactions in securities, and to
remove impediments to and perfect the mechanism of a free and open
market and a national market system.
---------------------------------------------------------------------------

    \45\ 15 U.S.C. 78f(b).
    \46\ 15 U.S.C. 78f(b)(5).
---------------------------------------------------------------------------

B. Self-Regulatory Organization's Statement on Burden on Competition

    The Exchange does not believe that the proposed rule change, as
amended, will impose any burden on competition that is not necessary or
appropriate in furtherance of the purposes of the Act.

C. Self-Regulatory Organization's Statement on Comments on the Proposed
Rule Change Received From Members, Participants or Others

    The Exchange has neither solicited nor received written comments on
the proposed rule change, as amended.

III. Date of Effectiveness of the Proposed Rule Change and Timing for
Commission Action

    Within 35 days of the date of publication of this notice in the
Federal Register or within such longer period (i) as the Commission may
designate up to 90 days of such date if it finds such longer period to
be appropriate and publishes its reasons for so finding or (ii) as to
which the self-regulatory organization consents, the Commission will:
    (A) By order approve such proposed rule change, as amended, or
    (B) institute proceedings to determine whether the proposed rule
change should be disapproved.
    The Commission is considering granting accelerated approval of the
proposed rule change at the end of a 15-day comment period.\47\
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    \47\ The Amex has requested accelerated approval of this
proposed rule change prior to the 30th day after the date of
publication of the notice of the filing thereof, following the
conclusion of a 15-day comment period. Telephone conference among
Brian Trackman and Michou H.M. Nguyen, Special Counsels, Division of
Market Regulation, Commission, and William Love, Associate General
Counsel, Exchange, on October 25, 2006.
---------------------------------------------------------------------------

IV. Solicitation of Comments

    Interested persons are invited to submit written data, views, and
arguments concerning the foregoing, including whether the proposed rule
change, as amended, is consistent with the Exchange Act. Comments may
be submitted by any of the following methods:

Electronic Comments

     Use the Commission's Internet comment form (http://www.sec.gov/rules/sro.shtml.
); or     Send an e-mail to<EMAIL_ADDRESS>Please include

File Number SR-Amex-2006-82 on the subject line.

Paper Comments

     Send paper comments in triplicate to Nancy M. Morris,
Secretary, Securities and Exchange Commission, 100 F Street, NE.,
Washington, DC 20549-1090.

All submissions should refer to File Number SR-Amex-2006-82. This file
number should be included on the subject line if e-mail is used. To
help the Commission process and review your comments more efficiently,
please use only one method. The Commission will post all comments on
the Commission's Internet Web site (http://www.sec.gov/rules/sro.shtml
). Copies of the submission, all subsequent amendments, all

written statements with respect to the proposed rule change that are
filed with the Commission, and all written communications relating to
the proposed rule change between the Commission and any person, other
than those that may be withheld from the public in accordance with the
provisions of 5 U.S.C. 552, will be available for inspection and
copying in the Commission's Public Reference Room. Copies of the filing
also will be available for inspection and copying at the principal
office of the Amex. All comments received will be posted without
change; the Commission does not edit personal identifying information
from submissions. You should submit only information that you wish to
make available publicly. All submissions should refer to File Number
SR-Amex-2006-82 and should be submitted on or before November 17, 2006.

    For the Commission, by the Division of Market Regulation,
pursuant to delegated authority.\48\
Jill M. Peterson,
Assistant Secretary.
---------------------------------------------------------------------------

    \48\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------

 [FR Doc. E6-18478 Filed 11-1-06; 8:45 am]

BILLING CODE 8011-01-P


[Federal Register Volume 85, Number 220 (Friday, November 13, 2020)]
[Notices]
[Page 72681]
[FR Doc No: 2020-25088]

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DEPARTMENT OF HOMELAND SECURITY

Federal Emergency Management Agency

[Internal Agency Docket No. FEMA-4565-DR; Docket ID FEMA-2020-0001]

North Dakota; Major Disaster and Related Determinations

AGENCY: Federal Emergency Management Agency, DHS.

ACTION: Notice.

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SUMMARY: This is a notice of the Presidential declaration of a major
disaster for the State of North Dakota (FEMA-4565-DR), dated October 2,
2020, and related determinations.

DATES: The declaration was issued October 2, 2020.

FOR FURTHER INFORMATION CONTACT: Dean Webster, Office of Response and
Recovery, Federal Emergency Management Agency, 500 C Street SW,
Washington, DC 20472,<PHONE_NUMBER>.

SUPPLEMENTARY INFORMATION: Notice is hereby given that, in a letter
dated October 2, 2020, the President issued a major disaster
declaration under the authority of the Robert T. Stafford Disaster
Relief and Emergency Assistance Act, 42 U.S.C. 5121 et seq. (the
``Stafford Act''), as follows:

    I have determined that the damage in certain areas of the State
of North Dakota resulting from severe storms and flooding during the
period of June 29 to July 1, 2020, is of sufficient severity and
magnitude to warrant a major disaster declaration under the Robert
T. Stafford Disaster Relief and Emergency Assistance Act, 42 U.S.C.
5121 et seq. (the ``Stafford Act''). Therefore, I declare that such
a major disaster exists in the State of North Dakota.
    In order to provide Federal assistance, you are hereby
authorized to allocate from funds available for these purposes such
amounts as you find necessary for Federal disaster assistance and
administrative expenses.
    You are authorized to provide Public Assistance in the
designated areas and Hazard Mitigation throughout the State.
Consistent with the requirement that Federal assistance be
supplemental, any Federal funds provided under the Stafford Act for
Public Assistance and Hazard Mitigation will be limited to 75
percent of the total eligible costs.
    Further, you are authorized to make changes to this declaration
for the approved assistance to the extent allowable under the
Stafford Act.

    The Federal Emergency Management Agency (FEMA) hereby gives notice
that pursuant to the authority vested in the Administrator, under
Executive Order 12148, as amended, James R. Stephenson, of FEMA is
appointed to act as the Federal Coordinating Officer for this major
disaster.

    The following areas of the State of North Dakota have been
designated as adversely affected by this major disaster:
    Benson, Grand Forks, McKenzie, Mountrail, Nelson, and Wells
Counties for Public Assistance.
    All areas within the State of North Dakota are eligible for
assistance under the Hazard Mitigation Grant Program.

The following Catalog of Federal Domestic Assistance Numbers (CFDA)
are to be used for reporting and drawing funds: 97.030, Community
Disaster Loans; 97.031, Cora Brown Fund; 97.032, Crisis Counseling;
97.033, Disaster Legal Services; 97.034, Disaster Unemployment
Assistance (DUA); 97.046, Fire Management Assistance Grant; 97.048,
Disaster Housing Assistance to Individuals and Households In
Presidentially Declared Disaster Areas; 97.049, Presidentially
Declared Disaster Assistance--Disaster Housing Operations for
Individuals and Households; 97.050, Presidentially Declared Disaster
Assistance to Individuals and Households--Other Needs; 97.036,
Disaster Grants--Public Assistance (Presidentially Declared
Disasters); 97.039, Hazard Mitigation Grant.

Pete Gaynor,
Administrator, Federal Emergency Management Agency.
[FR Doc. 2020-25088 Filed 11-12-20; 8:45 am]
BILLING CODE 9111-23-P