[Federal Register Volume 83, Number 211 (Wednesday, October 31, 2018)]
[Notices]
[Pages 54800-54801]
[FR Doc No: 2018-23733]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-84489; File No. SR-NYSEARCA-2018-76]

Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing
and Immediate Effectiveness of Proposed Rule Change To Modify the NYSE
Arca Options Fee Schedule

October 25, 2018.
    Pursuant to Section 19(b)(1) \1\ of the Securities Exchange Act of
1934 (the ``Act'') \2\ and Rule 19b-4 thereunder,\3\ notice is hereby
given that, on October 17, 2018, NYSE Arca, Inc. (the ``Exchange'' or
``NYSE Arca'') filed with the Securities and Exchange Commission (the
``Commission'') the proposed rule change as described in Items I, II,
and III 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.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 15 U.S.C. 78a.
    \3\ 17 CFR 240.19b-4.
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I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change

    The Exchange proposes to modify the NYSE Arca Options Fee Schedule
(``Fee Schedule''). The Exchange proposes to implement the fee change
effective October 17, 2018. The proposed rule change is available on
the Exchange's website at www.nyse.com, at the principal office of the
Exchange, and at the Commission's Public Reference Room.

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 purpose of this filing is to modify the Fee Schedule, effective
October 17, 2018, to eliminate obsolete charges. Specifically, the
Exchange proposes to remove Royalty fees for products the Exchange no
longer trades.
    Pursuant to the current Fee Schedule, the Exchange charges Royalty
Fees on certain trades in proprietary products for which the Exchange
has a license, namely: NDX, MNX, KBW Bank Index (BKK) and the Russell
Index (RUT).\4\ The Exchange proposes to modify the Fee Schedule to
remove NDX, MNX, and the Russell Index (RUT), as these products are no
longer licensed to the Exchange. As proposed, the Royalty Fees section
will only include reference to KBW Bank Index (BKK), as this product
continues to be licensed to the Exchange.
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    \4\ See Fee Schedule, NYSE Arca OPTIONS: TRADE-RELATED CHARGES
FOR STANDARD OPTIONS, Royalty Fees, available at, https://www.nyse.com/publicdocs/nyse/markets/arca-options/NYSE_Arca_Options_Fee_Schedule.pdf. Royalty Fees will be assessed on
a per contract basis for firm, broker/dealer, and Market Maker
transactions. For electronic executions in issues included in the
Penny Pilot, Royalty Fees will be passed through to the trading
participant on the ``Take'' side of the transaction. See id. Royalty
Fees are not assessed on the customer side of transactions and
information about Royalty Fees as associated with Options Strategy
Transactions are set forth in the ``Limit of Fees on Options
Strategy Executions'' section of this schedule. See id., fn. 11.
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2. Statutory Basis
    The Exchange believes that the proposed rule change is consistent
with Section 6(b) of the Act, in general, and furthers the objectives
of Sections 6(b)(4) and (5) of the Act, in particular, because it
provides for the equitable allocation of reasonable dues, fees, and
other charges among its members, issuers and other persons using its
facilities and does not unfairly discriminate between customers,
issuers, brokers or dealers.
    The Exchange believes that the proposal to remove references to
products that the Exchange is no longer licensed to trade is
reasonable, equitable, and not unfairly discriminatory because it
provides clarity and transparency to the Fee Schedule as it relates to
Royalty Fees.

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

    In accordance with Section 6(b)(8) of the Act,\5\ the Exchange does
not believe that the proposed rule change would impose any burden on
competition that is not necessary or appropriate in furtherance of the
purposes of the Act. Instead, the proposed change is meant to add
clarity and transparency to the Fee Schedule to the benefit of all
market participants that trade on the Exchange.
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    \5\ 15 U.S.C. 78f(b)(8).
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C. Self-Regulatory Organization's Statement on Comments on the Proposed
Rule Change Received From Members, Participants, or Others

    No written comments were solicited or received with respect to the
proposed rule change.

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

    The foregoing rule change is effective upon filing pursuant to
Section 19(b)(3)(A) \6\ of the Act and subparagraph (f)(2) of Rule 19b-
4 \7\ thereunder, because it establishes a due, fee, or other charge
imposed by the Exchange.
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    \6\ 15 U.S.C. 78s(b)(3)(A).
    \7\ 17 CFR 240.19b-4(f)(2).
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    At any time within 60 days of the filing of such proposed rule
change, the Commission summarily may temporarily suspend such rule
change if it appears to the Commission that such action is necessary or
appropriate in the

public interest, for the protection of investors, or otherwise in
furtherance of the purposes of the Act. If the Commission takes such
action, the Commission shall institute proceedings under Section
19(b)(2)(B) \8\ of the Act to determine whether the proposed rule
change should be approved or disapproved.
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    \8\ 15 U.S.C. 78s(b)(2)(B).
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IV. Solicitation of Comments

    Interested persons are invited to submit written data, views, and
arguments concerning the foregoing, including whether the proposed rule
change is consistent with the 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 email to [email protected]. Please include
File Number SR-NYSEARCA-2018-76 on the subject line.

Paper Comments

     Send paper comments in triplicate to Brent J. Fields,
Secretary, Securities and Exchange Commission, 100 F Street NE,
Washington, DC 20549-1090.

All submissions should refer to File Number SR-NYSEARCA-2018-76. This
file number should be included on the subject line if email 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 website (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 website viewing and printing in
the Commission's Public Reference Room, 100 F Street NE, Washington, DC
20549 on official business days between the hours of 10:00 a.m. and
3:00 p.m. Copies of the filing also will be available for inspection
and copying at the principal office of the Exchange. All comments
received will be posted without change. Persons submitting comments are
cautioned that we do not redact or edit personal identifying
information from comment submissions. You should submit only
information that you wish to make available publicly. All submissions
should refer to File Number SR-NYSEARCA-2018-76 and should be submitted
on or before November 21, 2018.
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    \9\ 17 CFR 200.30-3(a)(12).

    For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\9\
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-23733 Filed 10-30-18; 8:45 am]
 BILLING CODE 8011-01-P


[Federal Register Volume 83, Number 222 (Friday, November 16, 2018)]
[Notices]
[Pages 57778-57780]
[FR Doc No: 2018-24988]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-84565; File No. SR-ODD-2018-01]

Self-Regulatory Organizations; The Options Clearing Corporation;
Order Granting Approval of Accelerated Delivery of Supplement to the
Options Disclosure Document Reflecting the Inclusion of Disclosure
Regarding Foreign Currency Index Options and Implied Volatility Index
Options, Certain Contract Adjustment Disclosures, and T+2 Settlement

November 9, 2018.
    On October 24, 2018, the Options Clearing Corporation (``OCC'')
submitted to the Securities and Exchange Commission (``Commission''),
pursuant to Rule 9b-1 under the Securities Exchange Act of 1934
(``Act''),\1\ five preliminary copies of a supplement to amend the
options disclosure document (``ODD'') to include disclosure regarding
foreign currency index options and implied volatility index options,
certain contract adjustment disclosures, and T+2 settlement (``October
2018 Supplement'').\2\ On October 25, 2018,

the Commission received from the OCC five definitive copies of the
October 2018 Supplement.\3\
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    \1\ 17 CFR 240.9b-1.
    \2\ See email from Marcie Pomper, Corporate Assistant, OCC, to
Sharon Lawson and David Michehl, Division of Trading and Markets
(``Division''), Commission, dated October 24, 2018.
    \3\ See letter from Karen Bilek, Vice President and Counsel,
OCC, to Sharon Lawson, Senior Special Counsel, Division, Commission,
dated October 24, 2018. The October 2018 Supplement also makes
certain technical non-substantive amendments to the ODD.
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    The October 2018 Supplement consists of three parts. Part I
addresses foreign currency index options and implied volatility index
options. It amends and restates the April 2015 Supplement \4\ in its
entirety and includes additional changes to take into account a
recently approved proposed rule change allowing the listing of a new
implied volatility index option.\5\ The April 2015 Supplement was never
distributed to options customers. The OCC issued an information memo on
May 22, 2015 \6\ to inform its clearing members and investors that the
April 2015 Supplement would be amended and replaced in its entirety in
order to accommodate other implied volatility index options proposed
for trading by a different participant options exchange. Part I of the
October 2018 Supplement serves as that replacement. Part II of the
October 2018 Supplement addresses additional contract adjustment
disclosures. Part III of the October 2018 Supplement provides for the
change in settlement from T+3 to T+2.
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    \4\ https://www.sec.gov/rules/sro/occ/occarchive/occarchive2015.shtml#odd.
    \5\ See infra note 10.
    \6\ See OCC Information Memo No. 36788 available at https://www.theocc.com.
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    The October 2018 Supplement accommodates the introduction of
options on foreign currency indexes and implied volatility options
whose exercise settlement value is calculated differently than that of
existing implied volatility options.
    Currently, the ODD states that indexes that may underlie options
include stock indexes, variability indexes, strategy-based indexes,
dividend indexes, and relative performance indexes. In April 2013, the
Commission approved a proposed rule change by the International
Securities Exchange, LLC (``ISE'') to list options on the Dow Jones
FXCM Dollar Index.\7\ The October 2018 Supplement amends disclosures in
the ODD to add foreign currency indexes as a type of index that can
underlie an option, in order to accommodate the trading of options on
the Dow Jones FXCM Dollar Index and similarly structured foreign
currency indexes.\8\ Specifically, the October 2018 Supplement adds new
disclosure regarding the characteristics of foreign currency index
options and their special risks. In addition, the supplement adds an
example of the calculation of a foreign currency index. The supplement
also amends disclosures in the ODD to accommodate the fact that
components of foreign currency indexes are foreign currencies rather
than securities (e.g., by referring to ``components'' of an index
rather than ``constituent securities'' of an index).
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    \7\ See Securities Exchange Act Release No. 69365 (April 11,
2013), 78 FR 23321 (April 18, 2013) (SR-ISE-2013-14).
    \8\ The October 2018 Supplement is intended to accommodate the
trading of options on foreign currency indexes that reflect the
value of one currency, often the U.S. dollar, against a basket of
foreign currencies. Foreign currency indexes are calculated using
exchange rates.
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    The ODD currently contains general disclosures on the
characteristics and risks of trading standardized options on
variability indexes. The ODD states that variability indexes are
indexes intended to measure the implied volatility, or the realized
variance or volatility, of specified stock indexes or specified
securities. In January 2014, the Commission approved a proposed rule
change by the ISE to list options on the Nations VolDex Index.\9\ In
October 2018, the Commission approved a proposed rule change by the
Miami International Securities Exchange, LLC to list options on the
SPIKES Index.\10\
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    \9\ See Securities Exchange Act Release No. 71365 (January 22,
2014), 79 FR 4512 (January 28, 2014) (SR-ISE-2013-42).
    \10\ See Securities Exchange Act Release No. 84417 (October 12,
2018), 83 FR 52865 (October 18, 2018) (SR-MIAX-2018-14).
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    The October 2018 Supplement amends disclosures in the ODD regarding
implied volatility index options to accommodate the listing of options
on the Nations VolDex Index, the SPIKES Index and other similarly
structured implied volatility indexes.\11\ Specifically, the October
2018 Supplement amends the discussion of implied volatility index
options by including disclosure regarding exercise settlement value
calculations that use the mid-point of the bid and offer of the index
components or actual trade prices and the risks of the different
calculation methodologies. The supplement also provides disclosure
regarding the types of options that can be used to calculate implied
volatility indexes (i.e., out-of-the-money option series and
hypothetical at-the-money option series; options with certain
expiration months or weeks; number of days the options have until
expiration).
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    \11\ The exercise settlement value for the Nations VolDex Index
is calculated using the mid-point of the NBBO for the component
options of the index while the SPIKES Index uses a ``price
dragging'' technique when determining the ongoing price for each
individual option used in the calculation of the index. Most other
index settlement values are calculated using transaction prices of
the index components.
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    The October 2018 Supplement also amends the ODD to reflect that
adjustments to some of the terms of options contracts, to account for
certain events, such as certain dividend distributions or other
corporate actions that affect the underlying security or other
underlying interest, will be made by the OCC rather than an adjustment
panel of the Securities Committee.\12\ Adjustment determinations were
previously made by adjustment panels that consisted of two
representatives of each U.S. options market on which a series is traded
and one representative of the OCC, who voted only to break a tie.
Determinations as to whether to adjust outstanding options in response
to a particular event, and, if so, in what manner, are now made solely
by the OCC taking into consideration policies established by
representatives of each of the U.S. options markets on which the
effected option trades and a representative of OCC. Panels, however,
consisting of representatives of each of the U.S. options markets on
which the affected series of options is traded and one representative
of the OCC retain their function and authority under other provisions
of the OCC's rules to fix exercise settlement amounts and cash
settlement amounts in certain circumstances. The Supplement amends
references to these panels, eliminating potential confusion with the
Securities Committee, which will continue to determine the
appropriateness of adopting prospective policy changes or
clarifications. The October 2018 Supplement includes additional
clarification and examples regarding how certain adjustments may affect
an option's value and deletes certain obsolete language.
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    \12\ See Securities Exchange Act Release No. 69977 (July 11,
2013), 78 FR 42815 (July 17, 2013) (SR-OCC-2013-05).
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    Finally, the October 2018 Supplement makes changes necessary to
reflect that the regular exercise settlement date for physical delivery
stock options has moved from the third business date following exercise
(T+3) to the second business date following exercise (T+2).
    The October 2018 Supplement is intended to be read in conjunction
with the more general ODD, which discusses the characteristics and
risks of options generally.\13\
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    \13\ The Commission notes that the options markets must continue
to ensure that the ODD is in compliance with the requirements of
Rule 9b-1(b)(2)(i) under the Act, 17 CFR 240.9b-1(b)(2)(i),
including when changes regarding foreign currency index options and
implied volatility index options are made in the future. Any future
changes to the rules of the options markets concerning foreign
currency index options and implied volatility index options would
need to be submitted to the Commission under Section 19(b) of the
Act. 15 U.S.C. 78s(b).

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    Rule 9b-1(b)(2)(i) under the Act \14\ provides that an options
market must file five copies of an amendment or supplement to the ODD
with the Commission at least 30 days prior to the date definitive
copies are furnished to customers, unless the Commission determines
otherwise, having due regard to the adequacy of the information
disclosed and the public interest and protection of investors.\15\ In
addition, five copies of the definitive ODD, as amended or
supplemented, must be filed with the Commission not later than the date
the amendment or supplement, or the amended ODD, is furnished to
customers. The Commission has reviewed the October 2018 Supplement, and
the amendments to the ODD contained therein, and finds that, having due
regard to the adequacy of the information disclosed and the public
interest and protection of investors, the supplement may be furnished
to customers as of the date of this order.
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    \14\ 17 CFR 240.9b-1(b)(2)(i).
    \15\ This provision permits the Commission to shorten or
lengthen the period of time which must elapse before definitive
copies may be furnished to customers.
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    It is therefore ordered, pursuant to Rule 9b-1 under the Act,\16\
that definitive copies of the October 2018 Supplement to the ODD (SR-
ODD-2018-01), reflecting the inclusion of disclosure regarding foreign
currency index options and implied volatility index options, certain
contract adjustment disclosures, and T+2 settlement, may be furnished
to customers as of the date of this order.
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    \16\ 17 CFR 240.9b-1.
    \17\ 17 CFR 200.30-3(a)(39).

    For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\17\
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-24988 Filed 11-15-18; 8:45 am]
 BILLING CODE 8011-01-P


[Federal Register: June 6, 2007 (Volume 72, Number 108)]
[Notices]
[Page 31308]
[DOCID:fr06jn07-68]

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DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission

[Docket No. EL05-121-004]

PJM Interconnection, L.L.C.; Notice of Filing

May 31, 2007.
    Take notice that on May 21, 2007, PJM Interconnection, L.L.C. (PJM)
filed a compliance filing amending Schedule 12 of FERC Electric Tariff,
Sixth Revised Volume No. 1, pursuant to Opinion No. 494. PJM
Interconnection, L.L.C. Opinion No. 494, 119 FERC ] 61,063 (2007). Also
on May 29, 2007, PJM filed a supplement to this filing.
    Any person desiring to intervene or to protest this filing must
file in accordance with Rules 211 and 214 of the Commission's Rules of
Practice and Procedure (18 CFR 385.211, 385.214). Protests will be
considered by the Commission in determining the appropriate action to
be taken, but will not serve to make protestants parties to the
proceeding. Any person wishing to become a party must file a notice of
intervention or motion to intervene, as appropriate. Such notices,
motions, or protests must be filed on or before the comment date. On or
before the comment date, it is not necessary to serve motions to
intervene or protests on persons other than the Applicant.
    The Commission encourages electronic submission of protests and
interventions in lieu of paper using the ``eFiling'' link at http://www.ferc.gov.
 Persons unable to file electronically should submit an

original and 14 copies of the protest or intervention to the Federal
Energy Regulatory Commission, 888 First Street, NE., Washington, DC
20426.
    This filing is accessible on-line at http://www.ferc.gov, using the

``eLibrary'' link and is available for review in the Commission's
Public Reference Room in Washington, DC. There is an ``eSubscription''
link on the Web site that enables subscribers to receive e-mail
notification when a document is added to a subscribed docket(s). For
assistance with any FERC Online service, please e-mail
<EMAIL_ADDRESS>or call<PHONE_NUMBER> (toll free). For

TTY, call<PHONE_NUMBER>.
    Comment Date: 5 p.m. Eastern Time on June 11, 2007.

Kimberly D. Bose,
Secretary.
 [FR Doc. E7-10835 Filed 6-5-07; 8:45 am]

BILLING CODE 6717-01-P


[Federal Register Volume 88, Number 67 (Friday, April 7, 2023)]
[Notices]
[Pages 20897-20900]
[FR Doc No: 2023-07367]

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DEPARTMENT OF HOMELAND SECURITY

Coast Guard

[Docket No. USCG-2023-0124]

Port Access Route Study: Approaches to the Ports of Puerto Rico
and U.S. Virgin Islands

AGENCY: Coast Guard, DHS.

ACTION: Notice of study; request for comments.

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SUMMARY: The Coast Guard is conducting a Port Access Route Study to
evaluate safe access routes for the movement of vessel traffic
proceeding to or from the ports or places in the Commonwealth of Puerto
Rico and the U.S. Virgin Islands and to determine whether shipping
safety fairways and/or routing measures should be established,
adjusted, or modified. The Puerto Rico and U.S. Virgin Islands Port
Access Route Study considers whether such measures are necessary to
improve navigation safety due to factors such as planned or potential
offshore development, current port capabilities and planned
improvements, increased vessel traffic, existing and potential
anchorage areas, changing vessel traffic patterns, effects of weather,
or navigational difficulty. Vessel routing measures, which include
traffic

separation schemes, two-way routes, recommended tracks, deep-water
routes, precautionary areas, and areas to be avoided, are implemented
to reduce the risk of marine casualties. To assist us in conducting the
Puerto Rico and U.S. Virgin Islands Port Access Route Study, we invite
your responses to the questions in the INFORMATION REQUESTED section.
The recommendations of the study may subsequently be implemented
through rulemakings or in accordance with international agreements.

DATES: Comments and related material must be received on or before July
6, 2023. Requests for a public meeting must be submitted on or before
May 8, 2023.

ADDRESSES: You may submit comments identified by docket number USCG-
2023-0124 using the Federal eRulemaking Portal http://www.regulations.gov. See the ``Public Participation and Request for
Comments'' portion of the SUPPLEMENTAL.

FOR FURTHER INFORMATION CONTACT: If you have questions about this
notice or study, call or email LT Ryan Gilbert, Seventh Coast Guard
District (dpw), U.S. Coast Guard; telephone<PHONE_NUMBER>, email
[email protected].

SUPPLEMENTARY INFORMATION:

I. Table of Abbreviations

ACPARS Atlantic Coast Port Access Route Study
AIS Automatic Identification System
ANPRM Advanced Notice of Proposed Rulemaking
AOR Area of Responsibility
COMDTINST Commandant Instruction
CFR Code of Federal Regulations
COTP Captain of the Port
DHS Department of Homeland Security
EEZ Exclusive Economic Zone
EO Executive Order
FR Federal Register
IMO International Maritime Organization
IRA Inflation Reduction Act
MTS Marine Transportation System
NM Nautical Mile
NPRM Notice of Proposed Rulemaking
PARS Port Access Route Study
PR PARS Puerto Rico and U.S. Virgin Islands Port Access Route Study
PWSA Ports and Waterways Safety Act
TSS Traffic Separation Scheme
U.S. United States
U.S.C. United States Code
USCG United States Coast Guard

II. Background and Purpose

    A. Requirements for Port Access Route Studies: Under Section 70003
of Title 46 of the United States Code, the Commandant of the U.S. Coast
Guard may designate necessary shipping safety fairways (``fairways'')
and traffic separation schemes (TSSs) to provide safe access routes for
vessels proceeding to and from U.S. ports. The designation of fairways
and TSSs recognizes the paramount right of navigation over all other
uses in the designated areas.
    Before establishing or adjusting fairways or TSSs, the Coast Guard
must conduct a Port Access Route Study (``PARS''), a study of potential
traffic density and the need for safe access routes for vessels.
Through the study process, the Coast Guard must coordinate with
federal, state, and foreign state agencies (where appropriate) and
consider the views of maritime community representatives, environmental
groups, and other interested stakeholders. The primary purpose of this
coordination is, to the extent practicable, to reconcile the need for
safe access routes with other reasonable waterway uses such as
anchorages, construction, and operation of renewable energy facilities,
marine sanctuary operations, commercial and recreational activities,
and other uses.
    In addition to aiding the Coast Guard in establishing new or
adjusting fairways or TSSs, this PARS may recommend establishing or
amending other vessel routing measures. Examples of other routing
measures include two-way routes, recommended tracks, deep-water routes
(for the benefit primarily of ships whose ability to maneuver is
constrained by their draft), precautionary areas (where ships must
navigate with particular caution), and areas to be avoided (for reasons
of exceptional danger or especially sensitive ecological and
environmental factors).
    B. Previous Port Access Route Studies within this Study Area: In
2016, the Coast Guard published a notice of its Atlantic Coast Port
Access Route Study (ACPARS) in the Federal Register (81 FR 13307; March
14, 2016) and announced the study report as final in the Federal
Register (82 FR 16510; April 5, 2017). The ACPARS analyzed the Atlantic
Coast waters seaward of existing port approaches within the U.S.
Exclusive Economic Zone (EEZ). This multiyear study began in 2011,
included public participation, and identified the navigation routes
customarily followed by ships engaged in commerce between international
and domestic U.S. ports. The study is available at https://navcen.uscg.gov/?pageName=PARSReports. Data and information from
stakeholders, including Automatic Identification System (AIS) data from
vessel traffic, were used to identify and verify deep draft and
coastwise navigation routes that are typically followed by ships
engaged in commerce between international and domestic U.S. ports.
    C. Need for a New Port Access Route Study: In 2022, the Coast Guard
announced a new study of routes used by ships to access ports on the
Southeast Atlantic Coast of the United States and the Commonwealth of
Puerto Rico and U.S. Virgin Islands in the Federal Register (87 FR
76497; December 14, 2022). This new study is in support of the
provisions provided in Public Law 117-169, commonly referred to as the
Inflation Reduction Act of 2022 (IRA), and Executive Order on the
Implementation of the Energy and Infrastructure Provisions of the
Inflation Reduction Act of 2022 (E.O. 14082). This study will be
separate from, but may expand upon, the proposals in the other Coast
Guard rulemakings. The Puerto Rico and Virgin Island Port Access Route
Study (``PR PARS'') will focus on the coastwise shipping routes and
near coastal users of the Atlantic Ocean and Caribbean Sea between the
coastal ports, and the approaches to coastal ports within the U.S. EEZ
in Puerto Rico and the U.S. Virgin Islands. This PARS will help the
Coast Guard determine what impact, if any, the siting, construction,
and operation of new developments may have on existing near coastal
users of the U.S. waters of the Atlantic Ocean and Caribbean Sea
adjacent to the Commonwealth of Puerto Rico and the U.S. Virgin Islands
and the potential impact of shipping to other maritime users. To ensure
safety of navigation, the Coast Guard will determine the impacts of
rerouting traffic, funneling traffic, and placement of structures that
may obstruct navigation. Some of the impacts may include increased
vessel traffic density, more restricted offshore vessel routing, fixed
navigation obstructions, underwater cable hazards, and economic
impacts. Analyzing the various impacts will require a thorough
understanding of the interrelationships of shipping, other commercial
and recreational uses, and port operations.
    The goal of the PARS is to enhance navigational safety by examining
existing shipping routes and waterway uses, and, to the extent
practicable, reconciling the paramount right of navigation within
designated port access routes with other waterway uses such as the
development of offshore renewable energy installations, aquaculture
farms, marine sanctuaries, and port expansions.

III. Information Requested

    Timelines, Study Area, Focus, and Process: The PR PARS is expected
to take 12 months or more to complete.

The study area will encompass all vessel traffic patterns approaching
and departing major ports in the Commonwealth of Puerto Rico and the
territories of the U.S. Virgin Islands and all federal navigable waters
out to the EEZ. The PR PARS will focus on vessel traffic and navigation
mitigation techniques to improve and support safe navigation transits.
    As part of this study, we will analyze current and historical
vessel traffic, fishing vessel information, agency and stakeholder
experience in vessel traffic management, navigation, ship handling, and
effects of weather. We encourage you to participate in the study
process by submitting comments in response to this document.
    We will publish the results of the PR PARS in the Federal Register.
It is possible that the study may validate existing vessel routing
measures and conclude that no changes are necessary. It is also
possible that the study may recommend one or more changes to enhance
navigational safety and the efficiency of vessel traffic. The
recommendations may lead to future rulemakings or appropriate
international agreements.
    Possible Scope of the Recommendations: We are attempting to
determine the scope of any safety concerns associated with vessel
transits in the study area. The information gathered during the study
should help us identify concerns and mitigating solutions.
Considerations might include: (1) Maintain the current vessel routing
measures; (2) modify the existing traffic separation schemes; (3)
create one or more precautionary areas; (4) create one or more inshore
traffic zones; (5) establish area(s) to be avoided; (6) create deep-
draft routes; (7) establish Regulated Navigation Areas (RNA) with
specific vessel operating requirements to ensure safe navigation near
shallow water; (8) identify any other appropriate ships' routing
measures; (9) use this study for future decisions on routing measures
or other maritime traffic considerations and; (10) use this study to
inform other agencies concerning the impacts of their future endeavors.
    Questions: To help us conduct the PR PARS, we request information
that will help answer the following questions, although comments on
other issues addressed in this document are also welcome. In responding
to a question, please explain your reasons for each answer and follow
the instructions under ``Public Participation and Request for
Comments'' below.
    (1) What navigational hazards do vessels operating in the study
area face? Please describe.
    (2) Are there strains on the current vessel routing systems, such
as increasing traffic density associated with future growth? Please
describe.
    (3) Are modifications to existing vessel routing measures needed to
address hazards and improve traffic efficiency in the study area? If
so, please describe.
    (4) What costs and benefits are associated with the measures listed
as potential study considerations? What measures do you think are most
cost-effective?
    (5) What impacts, both positive and negative, would changes to
existing routing measures or new routing measures have on the study
area?
    (6) Where do you transit? Where are your transit routes? What
criteria are used in determining your transit routes?
    (7) Do you currently experience competing uses for the same
waterway areas or transit routes? If so, please describe.
    (8) Do you anticipate, or are you aware of, future competing uses
for the same waterway areas or transit routes? These could include
potential offshore energy projects, potential offshore aquaculture
projects, or otherwise.
    (9) Are there other environmental, cultural, tribal, marine mammal
or other impacts which should be considered during this Port Access
Route Study?

IV. Public Participation and Request for Comments

    We encourage you to participate in this study by submitting
comments and related materials. All comments received will be posted
without change to http://www.regulations.gov and will include any
personal information you have provided.
    A. Submitting Comments: If you submit comments to the online public
docket, please include the docket number for this rulemaking (USCG-
2023-0124), indicate the specific section of this document to which
each comment applies, and provide a reason for each suggestion or
recommendation. We accept anonymous comments.
    To submit your comment online, go to http://www.regulations.gov,
and insert ``USCG-2023-0124'' in the ``search box.'' Click ``Search''.
Then click ``Comment Now.'' We will consider all comments and material
received during the comment period.
    B. Public Meetings: The Coast Guard may hold public meeting(s) if
there is sufficient public interest. You must submit a request for one
on or before May 8, 2023. You may submit your request for a public
meeting online via http://www.regulations.gov. Please explain why you
believe a public meeting would be beneficial. If we determine that a
public meeting would aid in the study, we will hold a meeting at a time
and place announced by a later notice in the Federal Register.
    C. Viewing Comments and Documents: To view the comments and
documents mentioned in this preamble as being available in the docket,
go to http://www.regulations.gov, click on the ``read comments'' box,
which will then become highlighted in blue. In the ``Keyword'' box
insert ``USCG-2023-0124'' and click ``Search.'' Click the ``Open Docket
Folder'' in the ``Actions'' column.
    D. Privacy Act: We accept anonymous comments. All comments received
will be posted without change to https://www.regulations.gov and will
include any personal information you have provided. For more about
privacy and submissions in response to this document, see DHS's
Correspondence System of Records notice (84 FR 48645, September 26,
2018). Documents mentioned in this notice as being available in the
docket, and all public comments, will be in our online docket at
https://www.regulations.gov and can be viewed by following that
website's instructions. Additionally, if you go to the online docket
and sign up for email alerts, you will be notified when comments are
posted, or a final rule is published.

V. Puerto Rico and U.S. Virgin Islands PARS (PR PARS): Study Area

    The Seventh Coast Guard District and Coast Guard Sector San Juan
will conduct the PR PARS. The study will commence upon publication of
this notice and take 12 months or more to complete.
    The study area is bounded by a line connecting the following
positions:

21[deg]49'47.24'' N 065[deg]49'48.15'' W
18[deg]25'22.02'' N 064[deg]52'39'' W

thence along US/British Virgin Islands, Boarder to:

18[deg]16'43.01'' N 064[deg]39'41'' W
18[deg]03'2.96'' N 064[deg]38'3'' W
18[deg]02'6.17'' N 063[deg]52'10.25'' W
16[deg]44'49'' N 064[deg]01'8'' W
14[deg]53'4.39'' N 066[deg]36'24.54'' W
15[deg]12'51.02'' N 068[deg]28'56'' W
18[deg]07'27.02'' N 068[deg]15'33.01'' W
21[deg]52'8.51'' N 066[deg]56'30.36'' W

thence return to origin.

    The borders of this area approximately follow the Sector San Juan
Captain of the Port Zone (33 CFR 3.35-25) and include both the
Commonwealth of Puerto Rico and the Territory of the Virgin Islands,
and the waters adjacent to both enclosed by the outermost extents of
the EEZ. An

illustration showing the study area is available in the docket where
indicated under ADDRESSES.
    The PR PARS will analyze navigation routes to/from the Commonwealth
of Puerto Rico and the U.S. Virgin Islands to international routes to
and from the United States. Current capabilities and planned
improvements to handle maritime conveyances will be considered. The
analyses will be conducted in accordance with COMDTINST 16003.2B,
Marine Planning to Operate and Maintain the Marine Transportation
System (MTS) and Implement National Policy. This Instruction is
available at https://media.defense.gov/2019/Jul/10/2002155400/-1/-1/0/CI_16003_2B.PDF.
    We will publish the results of the PR PARS in the Federal Register.
It is possible that the study may validate the status quo (no fairways
or routing measures) and conclude that no changes are necessary. It is
also possible that the study may recommend one or more changes to
address navigational safety and the efficiency of vessel traffic
management. The recommendations may lead to future rulemakings or
appropriate international agreements.
    This notice is published under the authority of 46 U.S.C.
70003(c)(1).

    Dated: April 3, 2023.
Brendan. C. McPherson,
Rear Admiral, U.S. Coast Guard, Commander, Seventh Coast Guard
District.
[FR Doc. 2023-07367 Filed 4-6-23; 8:45 am]
 BILLING CODE P


[Federal Register Volume 87, Number 86 (Wednesday, May 4, 2022)]
[Notices]
[Pages 26353-26354]
[FR Doc No: 2022-09359]

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ENVIRONMENTAL PROTECTION AGENCY

[EPA-R05-SFUND-2022-0261; FRL-9619-01-R5]

Proposed CERCLA Administrative Prospective Purchaser Agreement
and Proposed CERCLA Administrative Settlement Agreement [EPA Agreement
Nos. V-W-22-C-004 and V-W-22-C-003]; Proposed Explanation of
Significant Differences; U.S. Smelter and Lead Refinery, Inc. Site,
East Chicago, Indiana

AGENCY: Environmental Protection Agency (EPA).

ACTION: Notice of proposed settlements; notice of explanation of
significant differences; request for comment.

-----------------------------------------------------------------------

SUMMARY: In accordance with the Comprehensive Environmental Response,
Compensation, and Liability Act (CERCLA) and the terms of the proposed
settlement agreements, the Environmental Protection Agency (EPA),
Region 5, hereby gives notice of two proposed administrative
settlements concerning the U.S. Smelter and Lead Refinery, Inc., Site
in East Chicago, Indiana (the ``Site''): (1) A proposed administrative
Prospective Purchaser Agreement (the ``PPA''); and (2) a proposed
Administrative Settlement Agreement and Order on Consent (the
``ASAOC''). The EPA proposes to enter into the PPA with Industrial
Development Advantage of East Chicago, LLC as purchaser
(``Purchaser''). The PPA requires Purchaser to perform remedial action
on a portion of the Site. The EPA proposes to enter into the ASAOC with
Atlantic Richfield Company, The Chemours Company FC, LLC, E.I. du Pont
de Nemours and Company, U.S. Smelter and Lead Refinery, Inc., and
United States Metals Refining Company as respondents (``Respondents'')
and with Arava Natural Resources Company, Inc., Mining Remedial
Recovery Company, and Mueller Industries, Inc., as additional covered
parties (``Additional Covered Parties''). The ASAOC requires the
Respondents to pay $18,000,000 in past response costs and provide
financial assurance for the remedial action to be performed by
Purchaser under the PPA. The State of Indiana joins the EPA as a party
to both agreements. The EPA is also providing notice of a proposed
Explanation of Significant Differences (ESD) for the portion of the
Site that is the subject of the PPA. The EPA plans to finalize the
proposed ESD after the two factual prerequisites for the selected
contingent remedy provided in the Record of Decision Amendment dated
March 24, 2020 have been met. For thirty (30) days following the date
of publication of this notice, the EPA will receive written comments on
the settlements and the proposed ESD. The EPA will consider all
comments received and may modify or withdraw its consent to the
settlements if comments received disclose facts or considerations that
indicate that the proposed settlements and the proposed ESD are
inappropriate, improper, or inadequate. The EPA's response to any
comments received will be available for public inspection at https://www.epa.gov/uss-lead-superfund-site.

DATES: Comments must be received on or before June 3, 2022.

ADDRESSES: You may send comments, identified by Docket ID No. EPA-R05-
SFUND-2022-0261, by either of the following methods:
     Federal eRulemaking Portal: https://www.regulations.gov/
(our preferred method). Follow the online instructions for submitting
comments.
     Mail: U.S. Environmental Protection Agency, ATTN: Charles
Rodriguez, External Communications Office (RE-19J), 77 W Jackson Blvd.,
Chicago, Illinois 60604.
    Instructions: All submissions received must include the Docket ID
No. for this notice. Comments received may be posted without change to
https://www.regulations.gov/, including any personal information
provided. For detailed instructions on sending comments, see the
``Public Participation'' heading of the SUPPLEMENTARY INFORMATION
section of this document.

FOR FURTHER INFORMATION CONTACT: Steven P. Kaiser, Office of Regional
Counsel, Environmental Protection Agency, telephone number: (312) 353-
3804; email address: [email protected].

SUPPLEMENTARY INFORMATION:

I. Public Participation

A. Where can I view the proposed settlement agreements and ESD?

    The proposed settlement agreements and proposed ESD are available
electronically as part of Docket ID No. EPA-R05-SFUND-2022-0261, at
https://www.regulations.gov, under ``Supporting and Related Material.''
The proposed settlement agreements and proposed ESD can also be viewed
at https://www.epa.gov/uss-lead-superfund-site. The proposed settlement
agreements, proposed ESD, and related Site documents can be viewed in
hardcopy at the East Chicago Public Library, 2401 E Columbus Drive,
East Chicago, IN 46312,<PHONE_NUMBER>; and the Robert A. Pastrick
Library, 1008 W Chicago Ave., East Chicago, IN 46312,<PHONE_NUMBER>.

B. What should I know before I submit comments?

    By this notice, the EPA is requesting comment on (1) the terms of
the proposed PPA; (2) the terms of the proposed ASAOC; and (3) the
proposed ESD. The EPA has previously accepted public comments on the
proposed plan subsequently adopted in the Record of Decision Amendment
dated March 24, 2020. The EPA's response to comments on the proposed
plan is available at https://semspub.epa.gov/work/05/955458.pdf.
    Submit your comments, identified by Docket ID No. EPA-R05-SFUND-
2022-0261, at https://www.regulations.gov (our preferred method), or
the other method identified in the ADDRESSES section. Once submitted,
comments cannot be edited or removed from the docket. The EPA may
publish any comment received to its public docket. Do not submit
electronically any information you consider to be Confidential Business
Information (CBI) or other information whose disclosure is restricted
by statute. Multimedia submissions (audio, video, etc.) must be
accompanied by a written comment. The written comment is considered the
official comment and should include discussion of all points you wish
to make. The EPA will generally not consider comments or comment
contents located outside of the primary submission (i.e., on the web,
cloud, or other file sharing system). For the full EPA public comment
policy, information about CBI or multimedia submissions, and general
guidance on making effective comments, please visit https://www.epa.gov/dockets/commenting-epa-dockets.

II. Background Information

    This notice pertains to the U.S. Smelter and Lead Refinery, Inc.
Superfund Site in East Chicago, Indiana. The Site is divided into two
Operable Units, and Operable Unit 1 is further divided into three
Zones. The portion of the Site affected by the proposed action is the
area encompassed by the former West Calumet Housing Complex, Goodman
Park, and a utility corridor located between Zone 1 and Zone 2 in
Operable Unit 1 of the Site. This area is identified in the proposed
agreements and proposed ESD as ``Modified Zone 1.''
    The PPA and ASAOC provide for remediation of contaminated soils in

Modified Zone 1 to commercial/industrial standards. A commercial/
industrial remedy is consistent with the contingent remedy described in
the Record of Decision Amendment dated March 24, 2020 (the ``ROD
Amendment''). The ROD Amendment states that, if two conditions are
satisfied, the EPA will issue an ESD to confirm that these two
conditions have been met and will change the selected remedy for
Modified Zone 1 from a residential cleanup to a commercial/industrial
cleanup. On May 26, 2020, the first condition was satisfied when the
City of East Chicago changed the zoning designation for Modified Zone 1
from residential to light industrial. The Purchaser intends to acquire
title to real property within Modified Zone 1 (the ``Property'') with
the intent to redevelop it for commercial/industrial use. This
acquisition will satisfy the second condition. Once the EPA receives
notice that the Purchaser has acquired title to the Property, both
conditions will be satisfied. The EPA will then issue the ESD and the
PPA will become effective. Under the proposed PPA, Purchaser will
remediate contaminated soils at the Property to commercial/industrial
criteria as required by the ROD Amendment.
    Under the proposed ASAOC, Respondents will provide financial
assurance for the remedial action to be performed by Purchaser under
the PPA, pay future federal and state oversight costs after application
of an $800,000 credit towards those costs, and pay $18,000,000 in
settlement of certain response costs incurred by the EPA at the Site.
The Respondents and the Additional Covered Parties also agree to waive
potential claims for reimbursement from the Hazardous Substance
Superfund under Section 106(b) of CERCLA, 42 U.S.C. 9606(b).
    In both the PPA and the ASAOC, the EPA covenants not to sue the
Purchaser, Respondents, and Additional Covered Parties pursuant to
Sections 106 and 107 of CERCLA, 42 U.S.C. 9606 and 9607, relating to
Operable Unit 1. The EPA's covenants not to sue are subject to
reservations. The settlement agreements also provide the Purchaser,
Respondents, and Additional Covered Parties with protection from
contribution actions or claims as provided by Section 113(f)(2) of
CERCLA, 42 U.S.C. 9613(f)(2).
    The EPA is providing notice of the proposed ASAOC in accordance
with Section 122(i) of CERCLA, 42 U.S.C. 9622(i), which requires the
Administrator to provide notice and an opportunity for comment when the
EPA proposes to settle a claim pursuant to Section 122(h) of CERCLA, 42
U.S.C. 9622(h). The EPA is providing notice of the proposed PPA in
accordance with the terms of the PPA. Section 117(c) of CERCLA, 42
U.S.C. 9617(c), and 40 CFR 300.435(c)(2)(i) require EPA to issue an ESD
when a settlement differs in any significant respect but does not
fundamentally alter the remedy selected in the Record of Decision with
respect to scope, performance, or cost. A formal public comment period
is not required for an ESD.
    Due to the interdependent nature of the three documents included in
this notice, the EPA is requesting comment on all three documents
simultaneously. The EPA will consider all comments received and may
modify or withdraw its consent to the settlements if comments received
disclose facts or considerations that indicate that the proposed
settlements and proposed ESD are inappropriate, improper, or
inadequate.

Douglas Ballotti,
Director, Superfund & Emergency Management Division, Region 5.
[FR Doc. 2022-09359 Filed 5-3-22; 8:45 am]
BILLING CODE 6560-50-P


[Federal Register Volume 88, Number 88 (Monday, May 8, 2023)]
[Notices]
[Pages 29771-29774]
[FR Doc No: 2023-09680]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-97418; File No. SR-BOX-2023-12]

Self-Regulatory Organizations; BOX Exchange LLC; Notice of Filing
and Immediate Effectiveness of a Proposed Rule Change To Amend the Fee
Schedule on the BOX Options Market LLC Facility To Establish a Monthly
Dividend Strategy Fee Cap for Dividend Strategy Qualified Open Outcry
Orders

May 2, 2023.
    Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934
(``Act''),\1\ and Rule 19b-4 thereunder,\2\ notice is hereby given that
on May 1, 2023, BOX Exchange LLC (``Exchange'') filed with the
Securities and Exchange Commission (``Commission'') the proposed rule
change as described in Items I, II, and III below, which Items have
been prepared by the Exchange. The Exchange filed the proposed rule
change pursuant to Section

19(b)(3)(A)(ii) of the Act,\3\ and Rule 19b-4(f)(2) thereunder,\4\
which renders the proposal effective upon filing with the Commission.
The Commission is publishing this notice to solicit comments on the
proposed rule change from interested persons.
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ 15 U.S.C. 78s(b)(3)(A)(ii).
    \4\ 17 CFR 240.19b-4(f)(2).
---------------------------------------------------------------------------

I. Self-Regulatory Organization's Statement of the Terms of the
Substance of the Proposed Rule Change

    The Exchange is filing with the Securities and Exchange Commission
(``Commission'') a proposed rule change to amend the Fee Schedule to
establish a monthly dividend strategy fee cap for dividend strategy
Qualified Open Outcry (``QOO'') Orders on the BOX Options Market LLC
(``BOX'') options facility. The text of the proposed rule change is
available from the principal office of the Exchange, at the
Commission's Public Reference Room and also on the Exchange's internet
website at https://rules.boxexchange.com/rulefilings.

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 Exchange 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 these 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 aspects of such
statements.

A. Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change

1. Purpose
    The Exchange proposes to amend the BOX Fee Schedule to establish a
monthly dividend strategy fee cap for dividend strategy Qualified Open
Outcry (``QOO'') Orders. Specifically, the Exchange is proposing to:
(1) rename Section V.D to Section V.D.1; (2) add Section V.D.2; and (3)
to establish a monthly dividend strategy fee cap for dividend strategy
QOO Orders.
    Currently, the transaction fees for QOO Orders, including Strategy
\5\ QOO Orders, are detailed in Section V of the BOX Fee Schedule.
Specifically, Broker Dealer QOO transactions are assessed $0.25 per
contract and Market Maker QOO transactions are assessed $0.35 per
contract. Public Customers and Broker Dealers facilitating a Public
Customer are assessed $0.00. Professional Customers are assessed $0.10
per contract.\6\ Additionally, Floor Brokers are eligible for a rebate
for QOO Orders presented on the Trading Floor.\7\ The rebate does not
apply to Public Customer executions, executions subject to the Strategy
QOO Order Fee Cap and Rebate, discussed below, or Broker Dealer
executions where the Broker Dealer is facilitating a Public Customer.
---------------------------------------------------------------------------

    \5\ Strategy orders are defined as one of the following: A
``short stock interest strategy'' is defined as a transaction done
to achieve a short stock interest arbitrage involving the purchase,
sale, and exercise of in-the-money options of the same class. A
``long stock interest strategy'' is defined as a transaction done to
achieve long stock involving the purchase, sale, and exercise of in-
the-money options of the same class. A ``merger strategy'' is
defined as transactions done to achieve a merger arbitrage involving
the purchase, sale and exercise of options of the same class and
expiration date, each executed prior to the date on which
shareholders of record are required to elect their respective form
of consideration, i.e., cash or stock. A ``reversal strategy'' is
established by combining a short security position with a short put
and a long call position that shares the same strike and expiration.
A ``conversion strategy'' is established by combining a long
position in the underlying security with a long put and a short call
position that shares the same strike and expiration. A ``jelly roll
strategy'' is created by entering into two separate positions
simultaneously. One position involves buying a put and selling a
call with the same strike price and expiration. The second position
involves selling a put and buying a call, with the same strike
price, but with a different expiration from the first position. A
``box spread strategy'' is a strategy that synthesizes long and
short stock positions to create a profit. Specifically, a long call
and short put at one strike is combined with a short call and long
put at a different strike to create synthetic long and synthetic
short stock positions, respectively. A ``dividend strategy'' is
defined as a transaction done to achieve a dividend arbitrage
involving the purchase, sale and exercise of in-the-money options of
the same class, executed the first business day prior to the date on
which the underlying stock goes ex-dividend. See BOX Fee Schedule,
notes 30 and 36.
    \6\ See BOX Fee Schedule, Section V.A, ``Manual Transaction
Fees''.
    \7\ See BOX Fee Schedule, Section V.C, ``QOO Order Rebate''.
---------------------------------------------------------------------------

    Currently, to further incentivize Participants to execute strategy
QOO transactions on BOX, BOX offers the Strategy QOO Order Fee Cap and
Rebate in Section V.D of its Fee Schedule.\8\ Specifically, the manual
transaction fees for certain Strategy QOO Orders are capped on a daily
basis. Short stock interest, long stock interest, merger, reversal,
conversion, jelly roll, and box spread strategies executed on the same
trading day are capped at $500 per day per customer. Further, dividend
strategies executed on the same trading day in the same options class
are capped at $1,000 per day per customer. In addition to the fee caps
detailed above, on each trading day, Floor Brokers are eligible to
receive a $500 rebate per customer for presenting certain Strategy QOO
Orders on the Trading Floor. The rebate is applied once the $500 fee
cap, per customer, for all short stock interest, long stock interest,
merger, reversal, conversion, jelly roll, and box spread strategies is
met. For dividend strategies, the rebate of $500 per customer is
applied once the $1,000 fee cap, per customer, is met.\9\
---------------------------------------------------------------------------

    \8\ See BOX Fee Schedule, Section V.D, ``Strategy QOO Order Fee
Cap and Rebate''.
    \9\ Id.
---------------------------------------------------------------------------

    The Exchange now proposes to: (1) rename Section V.D to Section
V.D.1; (2) add Section V.D.2; and (3) to establish a monthly dividend
strategy QOO Order fee cap. The Exchange proposes to add Section V.D.2
in order to separate dividend strategy fee caps and rebates from short
stock interest, long stock interest, merger, reversal, conversion,
jelly roll, and box spread strategy fee caps and rebates. Specifically,
the references to dividend strategies in current Section V.D will be
removed and added to proposed Section V.D.2 and what remains of current
Section V.D will be renamed Section V.D.1. As such, proposed Section
V.D.2 will include the dividend strategy provisions moved from current
Section V.D and will establish a new monthly fee cap for dividend
strategy QOO Orders. Specifically, under this proposal, dividend
strategies executed in the same month will be capped at $65,000 per
month per customer. Manual transaction fees for dividend strategies
will continue to be capped at $1,000 per day per options class per
customer. The monthly cap for dividend strategies will be applied to
manual transaction fees for dividend strategies executed in the same
month per customer. Floor Brokers will not be eligible to receive a
$500 daily rebate for dividend strategies once the monthly cap is met.
    The Exchange notes that all Strategy QOO and dividend strategy
transactions will continue to count toward Market Maker and Public
Customer monthly executed volume on BOX, as detailed in Section IV.A.1
(Tiered Volume Rebate for Non-Auction Transactions) of the BOX Fee
Schedule.
    The Exchange notes that the proposed change is designed to compete
with another monthly fee cap for strategy orders.\10\ Therefore, the
Exchange

believes the proposed change may further incentivize Participants to
direct dividend strategy order volume to the BOX Trading Floor.
---------------------------------------------------------------------------

    \10\ See Nasdaq PHLX LLC (``PHLX'') Options 7, Section 4
(providing that dividend strategies, among others, per member
organization's combined executions in a month when trading in its
own proprietary accounts qualify for a $65,000 monthly cap if the
buy and sell side of a transaction originates either from the PHLX
Trading Floor or as a Floor Qualified Contingent Cross Order). The
Exchange notes that PHLX's monthly fee cap applies to dividend,
merger, short stock interest, reversal and conversion, jelly roll
and box spread strategies, while this proposal applies only to
dividend strategies.
---------------------------------------------------------------------------

2. Statutory Basis
    The Exchange believes that the proposal is consistent with the
requirements of Section 6(b) of the Act, in general, and Section
6(b)(4) and 6(b)(5) of the Act,\11\ in particular, in that it provides
for the equitable allocation of reasonable dues, fees, and other
charges among BOX Participants and other persons using its facilities
and does not unfairly discriminate between customers, issuers, brokers
or dealers.
---------------------------------------------------------------------------

    \11\ 15 U.S.C. 78f(b)(4) and (5).
---------------------------------------------------------------------------

    The Exchange notes that it operates in a highly competitive
environment. Indeed, there are currently 16 registered options
exchanges that trade options. Based on publicly available information,
no single options exchange has more than 18% of the market share and
currently the Exchange represents only approximately 5% of the market
share.\12\ The Commission has repeatedly expressed its preference for
competition over regulatory intervention in determining prices,
products, and services in the securities markets. Particularly, in
Regulation NMS, the Commission highlighted the importance of market
forces in determining prices and SRO revenues and, also, recognized
that current regulation of the market system ``has been remarkably
successful in promoting market competition in its broader forms that
are most important to investors and listed companies.'' \13\ As stated
above, the Exchange operates in a highly competitive market in which
market participants can readily direct order flow to competing venues
if they deem fee levels at a particular venue to be excessive or
incentives to be insufficient. The proposed fee changes reflect a
competitive pricing structure designed to incentivize market
participants to direct their order flow to BOX, in particular dividend
strategy QOO Orders.
---------------------------------------------------------------------------

    \12\ See Cboe Global Markets U.S. Options Market Month-to-Date
Volume Summary (February 13, 2023), available at https://markets.cboe.com/us/options/market_statistics/.
    \13\ See Securities Exchange Act Release No. 51808 (June 9,
2005), 70 FR 37496, 37499 (June 29, 2005) (``Regulation NMS Adopting
Release'').
---------------------------------------------------------------------------

    The Exchange believes the proposed change is reasonable, equitable,
and not unfairly discriminatory as there is another exchange with a
similar monthly fee cap for strategy orders \14\ and the proposed fee
cap is uniformly applicable to all Participants. The Exchange also
believes the proposed change would further incentivize Participants to
execute dividend strategy QOO Orders on BOX and may encourage
Participants to aggregate all types of strategy orders at BOX as a
primary execution venue. The Exchange believes that Participants may
consolidate different order types for execution on a single exchange
because it increases the volume counted towards volume-based fee
incentives, such as, the Tiered Volume Rebate for Non-Auction
Transactions in Section IV.A.1., of the BOX Fee Schedule, which
provides Market Makers and Public Customers with incentives to achieve
certain volume thresholds on BOX.\15\ To the extent that the proposed
change attracts more dividend strategy orders to BOX, this increased
order flow may make BOX a more competitive venue for order execution.
---------------------------------------------------------------------------

    \14\ See supra note 10.
    \15\ See BOX Fee Schedule, Section IV.A.1, ``Tiered Volume
Rebate for Non-Auction Transactions''.
---------------------------------------------------------------------------

    The Exchange also believes that the ever-shifting market share
among the exchanges from month to month demonstrates that market
participants can shift order flow or discontinue or reduce use of
certain categories of products in response to fee changes. Accordingly,
competitive forces constrain options exchange transaction fees. Stated
differently, changes to exchange transaction fees can have a direct
effect on the ability of an exchange to compete for order flow. The
Exchange believes the proposed change is a reasonable attempt to
effectively compete for manual dividend strategy orders. The Exchange
believes that the proposed change may encourage Participants to execute
dividend strategy orders on BOX and, in turn, may increase the depth of
the market to the benefit of all market participants. The Exchange
notes that Participants may avail themselves of the proposed dividend
strategy order pricing on BOX or they can opt for similar offerings at
another exchange.\16\
---------------------------------------------------------------------------

    \16\ See supra note 10.
---------------------------------------------------------------------------

    The Exchange believes that not allowing Floor Brokers to be
eligible to receive a daily $500 rebate for dividend strategies once
the monthly cap is met is reasonable, equitable and not unfairly
discriminatory because, as proposed, this limitation applies to all
Floor Brokers equally and a fee is not assessed for transactions once
the monthly cap is met. As such, the Exchange believes that
Participants do not require additional incentives to execute these
transactions on BOX once the monthly cap is met.

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

    The Exchange does not believe that the proposed rule change will
impose any burden on competition not necessary or appropriate in
furtherance of the purposes of the Act.
    The proposed change is designed to attract additional order flow to
BOX. The Exchange believes that the proposed change could further
incentivize market participants to direct their dividend strategy
orders to BOX. As noted herein, the proposed monthly cap for dividend
strategy fees would be applicable to all similarly situated market
participants, and, as such, the proposed change would not impose a
disparate burden on competition among Participants on BOX.
    Further, the Exchange also does not believe that the proposed fees
will impose any burden on intermarket competition that is not necessary
or appropriate in furtherance of the Act because, as noted above,
another competing options exchange currently has a similar fee cap in
place in connection with strategy orders.\17\ Because competitors are
free to modify their own fees or fee caps in response to competing
exchanges, the Exchange believes that the degree to which changes in
this market may impose any burden on competition is limited. Further,
the Exchange believes that the proposed change could promote
competition between BOX and other execution venues, including those
that currently offer similar strategy order fees or fee caps. Finally,
the Exchange notes that it operates in a highly competitive market in
which market participants can readily favor competing venues. In such
an environment, the Exchange must continually review, and consider
adjusting, its fees and credits to remain competitive with other
exchanges. For the reasons described above, the Exchange believes that
the proposed rule change reflects this competitive environment.
---------------------------------------------------------------------------

    \17\ Id.
---------------------------------------------------------------------------

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

    No written comments were either solicited or received.

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

    The foregoing rule change has become effective pursuant to Section
19(b)(3)(A)(ii) of the Exchange Act \18\ and Rule 19b-4(f)(2)
thereunder,\19\ because it establishes or changes a due, or fee.
---------------------------------------------------------------------------

    \18\ 15 U.S.C. 78s(b)(3)(A)(ii).
    \19\ 17 CFR 240.19b-4(f)(2).
---------------------------------------------------------------------------

    At any time within 60 days of the filing of the proposed rule
change, the Commission summarily may temporarily suspend the rule
change if it appears to the Commission that the action is necessary or
appropriate in the public interest, for the protection of investors, or
would otherwise further the purposes of the Act. If the Commission
takes such action, the Commission shall institute proceedings to
determine whether the proposed rule should be approved or disapproved.

IV. Solicitation of Comments

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

Electronic Comments

     Use the Commission's internet comment form (https://www.sec.gov/rules/sro.shtml); or
     Send an email to [email protected]. Please include
File Number SR-BOX-2023-12 on the subject line.

Paper Comments

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

All submissions should refer to File Number SR-BOX-2023-12. This file
number should be included on the subject line if email 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 website (https://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 website viewing and
printing in the Commission's Public Reference Room, 100 F Street NE,
Washington, DC 20549 on official business days between the hours of
10:00 a.m. and 3:00 p.m. Copies of such filing also will be available
for inspection and copying at the principal office of the Exchange. Do
not include personal identifiable information in submissions; you
should submit only information that you wish to make available
publicly. We may redact in part or withhold entirely from publication
submitted material that is obscene or subject to copyright protection.
    All submissions should refer to File Number SR-BOX-2023-12, and
should be submitted on or before May 30, 2023.

    For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\20\
---------------------------------------------------------------------------

    \20\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------

Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-09680 Filed 5-5-23; 8:45 am]
BILLING CODE 8011-01-P


[Federal Register Volume 84, Number 229 (Wednesday, November 27, 2019)]
[Notices]
[Pages 65402-65403]
[FR Doc No: 2019-25736]

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DEPARTMENT OF HOMELAND SECURITY

Federal Emergency Management Agency

[Docket ID FEMA-2019-0020 OMB No. 1660-0125]

Agency Information Collection Activities: Proposed Collection;
Comment Request; FEMA Preparedness Grants: Homeland Security Grant
Program (HSGP)

AGENCY: Federal Emergency Management Agency, DHS.

ACTION: Notice and request for comments.

-----------------------------------------------------------------------

SUMMARY: The Federal Emergency Management Agency, as part of its
continuing effort to reduce paperwork and respondent burden, invites
the general public to take this opportunity to comment on a revision of
a currently approved information collection. In accordance with the
Paperwork Reduction Act of 1995, this notice seeks comments concerning
the HSGP.

DATES: Comments must be submitted on or before January 27, 2020.

ADDRESSES: To avoid duplicate submissions to the docket, please use
only one of the following means to submit comments:
    (1) Online. Submit comments at www.regulations.gov under Docket ID
FEMA-2019-0020. Follow the instructions for submitting comments.
    (2) Mail. Submit written comments to Docket Manager, Office of
Chief Counsel, DHS/FEMA, 500 C Street SW, 8NE, Washington, DC 20472-
3100.
    All submissions received must include the agency name and Docket
ID. Regardless of the method used for submitting comments or material,
all submissions will be posted, without change, to the Federal
eRulemaking Portal at http://www.regulations.gov, and will include any
personal information you provide. Therefore, submitting this
information makes it public. You may wish to read the Privacy Act
notice that is available via the link in the footer of
www.regulations.gov.

FOR FURTHER INFORMATION CONTACT: Laila Ouhamou, Acting Branch Chief,
Program Development and Support Brach, Grant Programs Directorate,
FEMA,<PHONE_NUMBER>. You may contact the Information Management Division
for copies of the proposed collection of information at email address:
<EMAIL_ADDRESS>
SUPPLEMENTARY INFORMATION: FEMA's Homeland Security Grant Program
(HSGP) supports State and local efforts to prevent terrorism and other
catastrophic events and to prepare the Nation for the threats and
hazards that pose the greatest risk to the security of the United
States. The HSGP provides funding to implement investments that build,
sustain, and deliver the 32 core capabilities essential to achieving
the National Preparedness Goal (the Goal) of a secure and resilient
Nation. The building, sustainment, and delivery of these core
capabilities are not exclusive to any single level of government,
organization, or community, but rather, require the combined effort of
the whole community. The HSGP supports core capabilities across the
five mission areas of Prevention, Protection, Mitigation, Response, and
Recovery based on allowable costs. HSGP is comprised of three grant
programs: State Homeland Security Program (SHSP), Urban Area Security
Initiative (UASI), and Operation Stonegarden (OPSG). Together, these
grant programs fund a range of activities, including planning,
organization, equipment purchase, training, exercises, and management
and administration across all core capabilities and mission areas. The
authorizing authority of the HSGP is Section 2002 of the Homeland
Security Act of 2002, as amended (Pub. L. 107-296, as amended) (6
U.S.C. 603).

Collection of Information

    Title: FEMA Preparedness Grants: Homeland Security Grant Program
(HSGP).
    Type of Information Collection: Revision of a currently approved
information collection.
    OMB Number: 1660-0125.
    FEMA Forms: FEMA Form 089-1, HSGP Investment Justification (SHSP
and UASI); FEMA Form 089-16, OPSG Operations Order Report; FEMA Form
089-20, OPSG Inventory of Operation Orders.
    Abstract: The HSGP is an important tool among a comprehensive set
of measures to help strengthen the Nation against risks associated with
potential terrorist attacks. DHS/FEMA uses the information to evaluate
applicants' familiarity with the national preparedness architecture and
identify how elements of this architecture have been incorporated into
regional/State/local planning, operations, and investments.
    The HSGP is a primary funding mechanism for building and sustaining
national preparedness capabilities. The HSGP is comprised of three
separate grant programs: The SHSP, the UASI, and OPSG. Together, these
grants fund a range of preparedness activities, including planning,
organization, equipment purchase, training, exercises, and management
and administration costs.
    Affected Public: State, Local or Tribal Government.
    Estimated Number of Respondents: 2,209.
    Estimated Number of Responses: 548,327.
    Estimated Total Annual Burden Hours: 866,988.
    Estimated Total Annual Respondent Cost: $65,795,719.
    Estimated Respondents' Operation and Maintenance Costs: $0.
    Estimated Respondents' Capital and Start-Up Costs: $0.
    Estimated Total Annual Cost to the Federal Government: $1,503,065.

Comments

    Comments may be submitted as indicated in the ADDRESSES caption
above. Comments are solicited to (a) evaluate whether the proposed data
collection is necessary for the proper performance of the agency,
including whether the information shall have practical utility; (b)
evaluate the accuracy of the agency's estimate of the burden of the
proposed collection of information, including the validity of the
methodology and assumptions used; (c) enhance the quality, utility, and
clarity of the information to be collected; and (d) minimize the burden
of the collection of information on those who are to respond, including
through the use of appropriate automated, electronic, mechanical, or
other technological collection techniques or other forms of information
technology, e.g., permitting electronic submission of responses.

Maile Arthur,
Acting Records Management Branch Chief, Office of the Chief
Administrative Officer, Mission Support, Federal Emergency Management
Agency, Department of Homeland Security.
[FR Doc. 2019-25736 Filed 11-26-19; 8:45 am]
 BILLING CODE 9111-19-P


[Federal Register Volume 79, Number 47 (Tuesday, March 11, 2014)]
[Rules and Regulations]
[Pages 13528-13530]
[FR Doc No: 2014-04822]

-----------------------------------------------------------------------

DEPARTMENT OF TRANSPORTATION

Federal Aviation Administration

14 CFR Part 39

[Docket No. FAA-2013-0798; Directorate Identifier 2013-NM-087-AD;
Amendment 39-17796; AD 2014-05-23]
RIN 2120-AA64

Airworthiness Directives; Bombardier, Inc. Airplanes

AGENCY: Federal Aviation Administration (FAA), Department of
Transportation (DOT).

ACTION: Final rule.

-----------------------------------------------------------------------

SUMMARY: We are adopting a new airworthiness directive (AD) for certain
Bombardier, Inc. Model BD-100-1A10 (Challenger 300) airplanes. This AD
was prompted by multiple reports of erratic electrical status
indications on the push button annunciators and the engine instrument
and crew alerting system. Certain of those reported incidents resulted
in the airplane experiencing a momentary loss of electrical power and
loss of flight displays. This AD requires modification of the direct
current power centers. We are issuing this AD to prevent loss of
electrical power, which could result in the loss of flight displays and
reduced controllability of the airplane.

DATES: This AD becomes effective April 15, 2014.

    The Director of the Federal Register approved the incorporation by
reference of a certain publication listed in this AD as of April 15,
2014.

ADDRESSES: You may examine the AD docket on the Internet at http://www.regulations.gov/#!docketDetail;D=FAA-2013-0798; or in person at the
Docket Management Facility, U.S. Department of Transportation, Docket
Operations, M-30, West Building Ground Floor, Room W12-140, 1200 New
Jersey Avenue SE., Washington, DC.
    For service information identified in this AD, contact Bombardier,
Inc., 400 C[ocirc]te-Vertu Road West, Dorval, Qu[eacute]bec H4S 1Y9,
Canada; telephone<PHONE_NUMBER>; fax<PHONE_NUMBER>; email
<EMAIL_ADDRESS>Internet http://www.bombardier.com. You
may view this referenced service information at the FAA, Transport
Airplane Directorate, 1601 Lind Avenue SW., Renton, WA. For information
on the availability of this material at the FAA, call<PHONE_NUMBER>.

FOR FURTHER INFORMATION CONTACT: Assata Dessaline, Aerospace Engineer,
Systems and Flight Test Branch, ANE-172, FAA, New York Aircraft
Certification Office, 1600 Stewart Avenue, Suite 410, Westbury, NY
11590; telephone<PHONE_NUMBER>; fax<PHONE_NUMBER>.

SUPPLEMENTARY INFORMATION:

Discussion

    We issued a notice of proposed rulemaking (NPRM) to amend 14 CFR
part 39 by adding an AD that would apply to certain Bombardier, Inc.
Model BD-100-1A10 (Challenger 300) airplanes. The NPRM published in the
Federal Register on September 25, 2013 (78 FR 58965). The NPRM was
prompted by multiple reports of erratic electrical status indications
on the push button annunciators and the engine instrument and crew
alerting system. Certain of those reported incidents resulted in the
airplane experiencing a momentary loss of electrical power and loss of
flight displays. The NPRM proposed to require modification of the
direct current power centers. We are issuing this AD to prevent loss of
electrical power, which could result in the loss of flight displays and
reduced controllability of the airplane.
    Transport Canada Civil Aviation (TCCA), which is the aviation
authority for Canada, has issued Canadian Airworthiness Directive CF-
2013-05, dated February 22, 2013 (referred to after this as the
Mandatory Continuing Airworthiness Information, or ``the MCAI''), to
correct an unsafe condition for the specified products. The MCAI
states:

    There have been multiple in-service reports of erratic
electrical status indications on the Push Button Annunciators (PBA)
and the Engine Instrument & Crew Alerting System (EICAS) while on-
ground and during flight. Three of those reported incidents resulted
in the aeroplane experiencing momentary loss of electrical power and
loss of flight displays.
    The investigation revealed that improper insertion of a Printed
Circuit Board (PCB) in a Direct Current Power Center (DCPC) may lead
to erroneous electrical status indications on the PBAs and EICAS.
The erroneous indications could mislead the pilots into turning off
active generators and leading to partial or complete loss of
electrical power. Loss of electrical power could result in the loss
of flight displays and reduced controllability of the aeroplane.
    Further investigation determined that the design of the existing
DCPC covers does not ensure that the PCBs will remain inserted into
the motherboard of the DCPC.
    This [TCCA] AD mandates the modification of each DCPC to ensure
that properly closed covers will retain the PCBs within the
motherboards.

    You may examine the MCAI in the AD docket on the Internet at http://www.regulations.gov/#!documentDetail;D=FAA-2013-0798-0001.

Comments

    We gave the public the opportunity to participate in developing
this AD. We received no comments on the NPRM (78 FR 58965, September
25, 2013) or on the determination of the cost to the public.

Conclusion

    We reviewed the relevant data and determined that air safety and
the public interest require adopting this AD as proposed except for
minor editorial changes. We have determined that these minor changes:
     Are consistent with the intent that was proposed in the
NPRM (78 FR 58965, September 25, 2013) for correcting the unsafe
condition; and
     Do not add any additional burden upon the public than was
already proposed in the NPRM (78 FR 58965, September 25, 2013).

Costs of Compliance

    We estimate that this AD affects 92 airplanes of U.S. registry.
    We also estimate that it will take about 7 work-hours per product
to comply with the basic requirements of this AD. The average labor
rate is $85 per work-hour. Required parts will cost about $1,568 per
product. Based on these figures, we estimate the cost of this AD on
U.S. operators to be $198,996, or $2,163 per product.
    According to the manufacturer, some of the costs of this AD may be
covered under warranty, thereby reducing the cost impact on affected
individuals. We do not control warranty coverage for affected
individuals. As a result, we have included all costs in our cost
estimate.

Authority for This Rulemaking

    Title 49 of the United States Code specifies the FAA's authority to
issue rules on aviation safety. Subtitle I, section 106, describes the
authority of the FAA Administrator. ``Subtitle VII: Aviation
Programs,'' describes in more detail the scope of the Agency's
authority.
    We are issuing this rulemaking under the authority described in
``Subtitle VII, Part A, Subpart III, Section 44701: General
requirements.'' Under that section, Congress charges the FAA with
promoting safe flight of civil aircraft in air commerce by prescribing
regulations for practices, methods, and procedures the Administrator
finds necessary for safety in air commerce. This regulation is within
the scope of that authority because it addresses an unsafe condition
that is likely to exist or develop on products identified in this
rulemaking action.

Regulatory Findings

    We determined that this AD will not have federalism implications
under Executive Order 13132. This AD will not have a substantial direct
effect on the States, on the relationship between the national
government and the States, or on the distribution of power and
responsibilities among the various levels of government.
    For the reasons discussed above, I certify that this AD:
    1. Is not a ``significant regulatory action'' under Executive Order
12866;
    2. Is not a ``significant rule'' under the DOT Regulatory Policies
and Procedures (44 FR 11034, February 26, 1979);
    3. Will not affect intrastate aviation in Alaska; and
    4. Will not have a significant economic impact, positive or
negative, on a substantial number of small entities under the criteria
of the Regulatory Flexibility Act.

Examining the AD Docket

    You may examine the AD docket on the Internet at http://www.regulations.gov/#!docketDetail;D=FAA-2013-0798; or in person at the
Docket Management Facility between 9 a.m. and 5 p.m., Monday through
Friday, except Federal holidays. The AD docket contains this AD, the
regulatory evaluation, any

comments received, and other information. The street address for the
Docket Operations office (telephone<PHONE_NUMBER>) is in the ADDRESSES
section.

List of Subjects in 14 CFR Part 39

    Air transportation, Aircraft, Aviation safety, Incorporation by
reference, Safety.

Adoption of the Amendment

    Accordingly, under the authority delegated to me by the
Administrator, the FAA amends 14 CFR part 39 as follows:

PART 39--AIRWORTHINESS DIRECTIVES

0
1. The authority citation for part 39 continues to read as follows:

    Authority:  49 U.S.C. 106(g), 40113, 44701.

Sec.  39.13  [Amended]

0
2. The FAA amends Sec.  39.13 by adding the following new AD:

2014-05-23 Bombardier, Inc.: Amendment 39-17796. Docket No. FAA-
2013-0798; Directorate Identifier 2013-NM-087-AD.

(a) Effective Date

    This airworthiness directive (AD) becomes effective April 15,
2014.

(b) Affected ADs

    None.

(c) Applicability

    This AD applies to Bombardier, Inc. Model BD-100-1A10
(Challenger 300) airplanes, certificated in any category, serial
numbers 20003 and subsequent.

(d) Subject

    Air Transport Association (ATA) of America Code 24, Electrical
power.

(e) Reason

    This AD was prompted by multiple reports of erratic electrical
status indications on the push button annunciators and the engine
instrument and crew alerting system. Certain of those reported
incidents resulted in the airplane experiencing a momentary loss of
electrical power and loss of flight displays. We are issuing this AD
to prevent loss of electrical power, which could result in the loss
of flight displays and reduced controllability of the airplane.

(f) Compliance

    You are responsible for having the actions required by this AD
performed within the compliance times specified, unless the actions
have already been done.

(g) Direct Current Power Centers (DCPC) Modification

    For airplanes having serial numbers 20003 through 20405
inclusive: Within 800 flight hours after the effective date of this
AD or within 24 months after the effective date of this AD,
whichever occurs first, modify the left-hand DCPC, right-hand DCPC,
and auxiliary DCPC, in accordance with the Accomplishment
Instructions of Bombardier Service Bulletin 100-24-23, dated
November 26, 2012.

(h) Parts Installation Limitation

    As of the effective date of this AD, no person may install a
DCPC having a part number specified in paragraphs (h)(1) through
(h)(9) of this AD on any airplane, unless the DCPC serial number has
a suffix ``R'' beside the serial number.

(1) 970GC02Y04.
(2) 970GC02Y05.
(3) 970GC02Y06.
(4) 975GC02Y04.
(5) 975GC02Y05.
(6) 975GC02Y06.
(7) 320GC03Y04.
(8) 320GC03Y05.
(9) 320GC03Y06.

(i) Other FAA AD Provisions

    The following provisions also apply to this AD:
    (1) Alternative Methods of Compliance (AMOCs): The Manager, New
York Aircraft Certification Office (ACO), ANE-170, FAA, has the
authority to approve AMOCs for this AD, if requested using the
procedures found in 14 CFR 39.19. In accordance with 14 CFR 39.19,
send your request to your principal inspector or local Flight
Standards District Office, as appropriate. If sending information
directly to the ACO, send it to ATTN: Program Manager, Continuing
Operational Safety, FAA, New York ACO, 1600 Stewart Avenue, Suite
410, Westbury, NY 11590; telephone<PHONE_NUMBER>; fax<PHONE_NUMBER>.
Before using any approved AMOC, notify your appropriate principal
inspector, or lacking a principal inspector, the manager of the
local flight standards district office/certificate holding district
office. The AMOC approval letter must specifically reference this
AD.
    (2) Airworthy Product: For any requirement in this AD to obtain
corrective actions from a manufacturer or other source, use these
actions if they are FAA-approved. Corrective actions are considered
FAA-approved if they are approved by the State of Design Authority
(or their delegated agent). You are required to assure the product
is airworthy before it is returned to service.

(j) Related Information

    Refer to Mandatory Continuing Airworthiness Information (MCAI)
Canadian Airworthiness Directive CF-2013-05, dated February 22,
2013, for related information. This MCAI may be found in the AD
docket on the Internet at http://www.regulations.gov/#!documentDetail;D=FAA-2013-0798-0001.

(k) Material Incorporated by Reference

    (1) The Director of the Federal Register approved the
incorporation by reference (IBR) of the service information listed
in this paragraph under 5 U.S.C. 552(a) and 1 CFR part 51.
    (2) You must use this service information as applicable to do
the actions required by this AD, unless this AD specifies otherwise.
    (i) Bombardier Service Bulletin 100-24-23, dated November 26,
2012.
    (ii) Reserved.
    (3) For service information identified in this AD, contact
Bombardier, Inc., 400 C[ocirc]te-Vertu Road West, Dorval,
Qu[eacute]bec H4S 1Y9, Canada; telephone<PHONE_NUMBER>; fax 514-855-
7401; email<EMAIL_ADDRESS>Internet http://www.bombardier.com.
    (4) You may view this service information at the FAA, Transport
Airplane Directorate, 1601 Lind Avenue SW., Renton, WA. For
information on the availability of this material at the FAA, call
425-227-1221.
    (5) You may view this service information that is incorporated
by reference at the National Archives and Records Administration
(NARA). For information on the availability of this material at
NARA, call<PHONE_NUMBER>, or go to: http://www.archives.gov/federal-register/cfr/ibr-locations.html.

    Issued in Renton, Washington, on February 26, 2014.
Jeffrey E. Duven,
Manager, Transport Airplane Directorate, Aircraft Certification
Service.
[FR Doc. 2014-04822 Filed 3-10-14; 8:45 am]
BILLING CODE 4910-13-P