[Federal Register Volume 83, Number 180 (Monday, September 17, 2018)]
[Notices]
[Page 46933]
[FR Doc No: 2018-20084]

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DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission

[Docket No. ER18-2409-000]

RED-Rochester, LLC; Supplemental Notice That Initial Market-Based
Rate Filing Includes Request for Blanket Section 204 Authorization

    This is a supplemental notice in the above-referenced proceeding of
RED-Rochester, LLC's application for market-based rate authority, with
an accompanying rate tariff, noting that such application includes a
request for blanket authorization, under 18 CFR part 34, of future
issuances of securities and assumptions of liability.
    Any person desiring to intervene or to protest should file with the
Federal Energy Regulatory Commission, 888 First Street NE, Washington,
DC 20426, in accordance with Rules 211 and 214 of the Commission's
Rules of Practice and Procedure (18 CFR 385.211 and 385.214). Anyone
filing a motion to intervene or protest must serve a copy of that
document on the Applicant.
    Notice is hereby given that the deadline for filing protests with
regard to the applicant's request for blanket authorization, under 18
CFR part 34, of future issuances of securities and assumptions of
liability, is October 1, 2018.
    The Commission encourages electronic submission of protests and
interventions in lieu of paper, using the FERC Online links at http://www.ferc.gov. To facilitate electronic service, persons with internet
access who will eFile a document and/or be listed as a contact for an
intervenor must create and validate an eRegistration account using the
eRegistration link. Select the eFiling link to log on and submit the
intervention or protests.
    Persons unable to file electronically should submit an original and
5 copies of the intervention or protest to the Federal Energy
Regulatory Commission, 888 First Street NE, Washington, DC 20426.
    The filings in the above-referenced proceeding are accessible in
the Commission's eLibrary system by clicking on the appropriate link in
the above list. They are also available for electronic review in the
Commission's Public Reference Room in Washington, DC. There is an
eSubscription link on the website that enables subscribers to receive
email notification when a document is added to a subscribed docket(s).
For assistance with any FERC Online service, please email
[email protected]. or call<PHONE_NUMBER> (toll free). For
TTY, call<PHONE_NUMBER>.

    Dated: September 11, 2018.
Nathaniel J. Davis, Sr.,
Deputy Secretary.
[FR Doc. 2018-20084 Filed 9-14-18; 8:45 am]
 BILLING CODE 6717-01-P


[Federal Register Volume 81, Number 38 (Friday, February 26, 2016)]
[Proposed Rules]
[Pages 9793-9797]
[FR Doc No: 2016-04081]

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ENVIRONMENTAL PROTECTION AGENCY

40 CFR Part 52

[EPA-R10-OAR-2016-0003; FRL-9942-85-Region 10]

Approval and Promulgation of Implementation Plans; Spokane,
Washington: Second 10-Year PM10 Limited Maintenance Plan

AGENCY: Environmental Protection Agency (EPA).

ACTION: Proposed rule.

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SUMMARY: The Environmental Protection Agency (EPA) is proposing to
approve the limited maintenance plan submitted on January 4, 2016, by
the State of Washington for the Spokane area, which includes the cities
of Spokane, Spokane Valley, Millwood and surrounding unincorporated
areas in Spokane County, Washington. This plan addresses the second 10-
year maintenance period for particulate matter with an aerodynamic
diameter less than or equal to a nominal 10 micrometers
(PM10). A limited maintenance plan is used to meet Clean Air
Act requirements for formerly designated nonattainment areas that meet
certain qualification criteria. The EPA is proposing to determine
Washington's submittal meets the limited maintenance plan criteria. The
Spokane area currently has monitored PM10 levels well below
the National Ambient Air Quality Standards (NAAQS) and levels have not
increased since the area was redesignated to attainment in 2005. The
EPA is also proposing to approve minor updates to the Spokane Regional
Clean Air Agency (SRCAA) regulations controlling PM10
related to the maintenance plan.

DATES: Comments must be received on or before March 28, 2016.

ADDRESSES: Submit your comments, identified by Docket ID No. EPA-R10-
OAR-2016-0003 at http://www.regulations.gov. Follow the online
instructions for submitting comments. Once submitted, comments cannot
be edited or removed from Regulations.gov. 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 additional submission methods, the full EPA
public comment policy, information about CBI or multimedia submissions,
and general guidance on making effective comments, please visit http://www2.epa.gov/dockets/commenting-epa-dockets.

FOR FURTHER INFORMATION CONTACT: Jeff Hunt at<PHONE_NUMBER>,
<EMAIL_ADDRESS>
SUPPLEMENTARY INFORMATION: Throughout this document wherever ``we'',
``us'' or ``our'' is used, it is intended to refer to the EPA.

Table of Contents

I. Background
II. The Limited Maintenance Plan Option for PM10 Areas
    A. Requirements for the Limited Maintenance Plan Option
    B. Conformity Under the Limited Maintenance Plan Option
III. Review of the State's Submittal
    A. Has the State demonstrated that the maintenance area
qualifies for the limited maintenance plan option?
    B. Does the State have an approved attainment emissions
inventory?
    C. Does the limited maintenance plan include an assurance of
continued operation of an appropriate EPA-approved air quality
monitoring network, in accordance with 40 CFR part 58?
    D. Does the plan meet the Clean Air Act requirements for
contingency provisions?
IV. Proposed Action
V. Incorporation by Reference
VI. Statutory and Executive Order Reviews

I. Background

    The Spokane area was designated as nonattainment for
PM10 by operation of law upon enactment of the Clean Air Act
Amendments in 1990 (56 FR 56694, November 6, 1991). The Washington
Department of Ecology (Ecology) and SRCAA worked with the community to
establish PM10 pollution control

strategies. Primary control strategies include a residential wood smoke
control program, paving unpaved streets, requirements for improved
sweeping and sanding practices on paved roads, and regulatory orders at
the Kaiser Aluminum and Chemical Corporation Trentwood facility for
PM10. The Spokane area attained the PM10 NAAQS in
1994, with continued attainment ever since.
    The EPA partially approved the PM10 attainment plan for
the Spokane area on January 27, 1997 (62 FR 3800). The EPA then
approved the remaining attainment plan elements and a 10-year
maintenance plan, redesignating the area from nonattainment to
attainment effective August 30, 2005 (70 FR 38029, published July 1,
2005). The purpose of the current limited maintenance plan is to
fulfill the second 10-year planning requirement, section 175A(b) of the
Clean Air Act, to ensure compliance through 2025.

II. The Limited Maintenance Plan Option for PM10 Areas

A. Requirements for the Limited Maintenance Plan Option

    On August 9, 2001, the EPA issued guidance on streamlined
maintenance plan provisions for certain moderate PM10
nonattainment areas. See memo from Lydia Wegman, Director, Air Quality
Standards and Strategies Division, entitled ``Limited Maintenance Plan
Option for Moderate PM10 Nonattainment Areas'' (limited
maintenance plan option memo). The limited maintenance plan option memo
contains a statistical demonstration that areas meeting certain air
quality criteria will, with a high degree of probability, maintain the
standard ten years into the future. Thus, the EPA provided the
maintenance demonstration for areas meeting the criteria outlined in
the memo. It follows that future year emission inventories for these
areas, and some of the standard analyses to determine transportation
conformity with the State Implementation Plan (SIP) are no longer
necessary.
    To qualify for the limited maintenance plan option the State must
demonstrate the area meets the criteria described below. First, the
area should have attained the PM10 NAAQS. Second, the most
recent five years of air quality data at all monitors in the area,
called the 24-hour average design value, should be at or below 98
micrograms per cubic meter ([mu]g/m\3\). Third, the State should expect
only limited growth in on-road motor vehicle PM10 emissions
and should have passed a motor vehicle regional emissions analysis
test. Lastly, the memo identifies core provisions that must be included
in all limited maintenance plans. These provisions include an
attainment year emissions inventory, assurance of continued operation
of an EPA-approved air quality monitoring network, and contingency
provisions.

B. Conformity Under the Limited Maintenance Plan Option

    The transportation conformity rule and the general conformity rule
(40 CFR parts 51 and 93) apply to nonattainment areas and maintenance
areas covered by an approved maintenance plan. Under either conformity
rule, an acceptable method of demonstrating a Federal action conforms
to the applicable SIP is to demonstrate that expected emissions from
the planned action are consistent with the emissions budget for the
area.
    While qualification for the limited maintenance plan option does
not exempt an area from the need to affirm conformity, conformity may
be demonstrated without submitting an emissions budget. Under the
limited maintenance plan option, emissions budgets are treated as
essentially not constraining for the length of the maintenance period
because it is unreasonable to expect that the qualifying areas would
experience so much growth in that period that a violation of the
PM10 NAAQS would result. For transportation conformity
purposes, the EPA would conclude that emissions in these areas need not
be capped for the maintenance period and therefore a regional emissions
analysis would not be required. Similarly, Federal actions subject to
the general conformity rule could be considered to satisfy the ``budget
test'' specified in 40 CFR 93.158 (a)(5)(i)(A) for the same reasons
that the budgets are essentially considered to be unlimited.
    Under the limited maintenance plan option, emissions budgets are
treated as essentially not constraining for the maintenance period
because it is unreasonable to expect that qualifying areas would
experience so much growth in that period that a NAAQS violation would
result. While areas with maintenance plans approved under the limited
maintenance plan option are not subject to the budget test, the areas
remain subject to the other transportation conformity requirements of
40 CFR part 93, subpart A. Thus, the metropolitan planning organization
(MPO) in the area or the State must document and ensure that:
     Transportation plans and projects provide for timely
implementation of SIP transportation control measures (TCMs) in
accordance with 40 CFR 93.113;
     Transportation plans and projects comply with the fiscal
constraint element as set forth in 40 CFR 93.108;
     The MPO's interagency consultation procedures meet the
applicable requirements of 40 CFR 93.105;
     Conformity of transportation plans is determined no less
frequently than every four years, and conformity of plan amendments and
transportation projects is demonstrated in accordance with the timing
requirements specified in 40 CFR 93.104;
     The latest planning assumptions and emissions model are
used as set forth in 40 CFR 93.110 and 40 CFR 93.111;
     Projects do not cause or contribute to any new localized
carbon monoxide or particulate matter violations, in accordance with
procedures specified in 40 CFR 93.123; and
     Project sponsors and/or operators provide written
commitments as specified in 40 CFR 93.125.
    In approving the 2nd 10-year limited maintenance plan, the Spokane
maintenance area will continue to be exempt from performing a regional
emissions analysis, but must meet project-level conformity analyses as
well as the transportation conformity criteria mentioned above.

III. Review of the State's Submittal

A. Has the State demonstrated that the maintenance areas qualify for
the limited maintenance plan option?

    As discussed above, the limited maintenance plan option memo
outlines the requirements to be met for an area to qualify. First, the
area should be attaining the PM10 NAAQS. Under 40 CFR 50.6,
the primary and secondary PM10 NAAQS are attained when the
expected number of days per calendar year with a 24-hour average
concentration above 150 [mu]g/m\3\ is equal to or less than one. The
EPA determined that the Spokane area attained the PM10 NAAQS
and formally redesignated the area from nonattainment to attainment,
beginning the first 10-year maintenance period effective August 30,
2005 (70 FR 38029, published July 1, 2005). We have evaluated the most
recent monitoring data that shows that the Spokane area continues to
attain the PM10 NAAQS with the number of annual exceedances
equal to 0.3 for the period 2012 through 2014, well below the 1.0
threshold for meeting the NAAQS.\1\
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    \1\ The data evaluated includes a 2013 flagged exceptional event
that has not been fully evaluated by the EPA to date. If this
flagged data were factored into the analysis, the calculated number
of annual exceedances would drop to 0.0.

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    Second, the average design value for the past five years of
monitoring data must be at or below the critical design value of 98
[mu]g/m\3\ for the PM10 NAAQS. The critical design value is
a margin of safety in which an area has a one in ten probability of
exceeding the NAAQS. The 5-year average design value for Spokane based
on PM10 monitoring data from 2009 through 2014 is 80 [mu]g/
m\3\. The EPA reviewed the data and methodology provided by the State
and finds that the Spokane area 5-year average design value is below
the critical design value of 98 [mu]g/m\3\ outlined in the limited
maintenance plan option memo and therefore, meets the requirement for
the limited maintenance plan option.
    Third, the area must meet the motor vehicle regional emissions
analysis test described in the limited maintenance plan option memo.
The State submitted an analysis showing that growth in on-road mobile
PM10 emissions sources was minimal and would not threaten
the assumption of maintenance that underlies the limited maintenance
plan policy. Using the EPA's methodology, the State calculated total
growth in on-road motor vehicle PM10 emissions over the ten-
year period for the Spokane area. This calculation is derived using
Attachment B of the EPA's limited maintenance plan memo, where the
projected percentage increase in vehicle miles traveled over the next
ten years (VMTpi) is multiplied by the on-road mobile
portion of the attainment year inventory (DVmv), including
both primary and secondary PM10 emissions and re-entrained
road dust. The EPA reviewed the calculations in the State's limited
maintenance plan submittal and concurs with the determination that the
area meets the motor vehicle regional emissions analysis test. This
test is met when (VMTpi x DVmv) plus the design
value for the most recent five years of quality assured data is below
the limited maintenance plan threshold of 98 [mu]g/m\3\. The result for
Spokane is 82 [mu]g/m\3\.
    As described above, the Spokane maintenance area meets the
qualification criteria set forth in the limited maintenance plan option
memo. To ensure these requirements continue to be met, the State has
committed to evaluate monitoring data annually to ensure the area
continues to qualify for the limited maintenance plan option. The State
will report this information to the EPA in the annual monitoring
network report.

B. Does the State have an approved attainment emissions inventory?

    Pursuant to the limited maintenance plan option memo, the State's
submission should include an emissions inventory which can be used to
demonstrate attainment of the relevant NAAQS. The inventory should
represent emissions during the same five-year period associated with
air quality data used to determine whether the area meets the
applicability requirements of the limited maintenance plan option.
    The limited maintenance plan submittal includes an emissions
inventory based on the State's 2011 Triennial Emissions Inventory. This
inventory is prepared as part of the 2011 National Emissions Inventory
under the EPA's Air Emissions Reporting Rule (73 FR 76539, December 17,
2008). The information was supplemented with annual 2011 industrial
emissions reported to SRCAA and Ecology. The 2011 base years represent
the most recent emissions inventory data available and is consistent
with the data used to determine applicability of the limited
maintenance plan option (i.e., having no violations of the
PM10 NAAQS). The most significant emission source categories
for the Spokane area are residential wood combustion and dust from
paved and unpaved roads. The 2011 emission inventory results compare
favorably to the 2002 emission inventory submitted with the first 10-
year limited maintenance plan. Particulate matter from residential wood
combustion has declined by almost one half. These emission were 2,052
tons per year (tpy) in 2002 versus 1,062 tpy in 2011. Particulate
matter from unpaved roads declined from 5,855 tpy in 2002 to 623 tpy in
2011. The only significant source category from the 2002 emission
inventory to increase was particulate matter from paved roads, which
increased from 325 tpy in 2002 to 623 tpy in 2011. Emissions from point
sources remained relatively stable at 147 tpy in 2002 and 160 tpy in
2011. The EPA reviewed and is proposing to approve the emissions
inventory and methodology. The emissions inventory data supports the
State's conclusion that the existing control measures in place will
continue to protect and maintain the PM10 NAAQS.

C. Does the limited maintenance plan include an assurance of continued
operation of an appropriate EPA-approved air quality monitoring
network, in accordance with 40 CFR Part 58?

    The limited maintenance plan memo states, ``[t]o verify the
attainment status of the area over the maintenance period, the
maintenance plan should contain a provision to assure continued
operation of an appropriate, EPA-approved air quality monitoring
network, in accordance with 40 CFR part 58.'' SRCAA currently operates
a Federal Equivalent Method (FEM) Tapered Element Oscillating
Microbalance (TEOM) PM10 monitor. SRCAA commits to
maintaining a PM10 NAAQS compliance monitor through the
limited maintenance plan period to verify the attainment status of the
area, confirm continued qualification for the limited maintenance plan
option, and to provide a means for triggering contingency measures if
needed. The EPA last approved the State's monitoring network in a
letter dated October 28, 2015, included in the docket for this action.
Table 1 shows 98th percentile PM10 monitored values at the
site to provide a sense of trends since the area came into attainment
in 2005.

                 Table 1--98th Percentile PM10 Trends in Micrograms per Cubic Meter [[mu]g/m\3\]
----------------------------------------------------------------------------------------------------------------
   2005        2006        2007        2008        2009       2010       2011       2012       2013       2014
----------------------------------------------------------------------------------------------------------------
      89          72          61          65          48         43         43         67         49         60
----------------------------------------------------------------------------------------------------------------

D. Does the plan meet the Clean Air Act requirements for contingency
provisions?

    Clean Air Act section 175A states that a maintenance plan must
include contingency provisions, as necessary, to ensure prompt
correction of any violation of the relevant NAAQS which may occur after
redesignation of the area to attainment. SRCAA Regulation 1 Section
6.15.G contains additional requirements for road paving should the EPA
find that the Spokane area has violated the PM10 NAAQS. The
EPA approved this provisions into the SIP on April 12, 1999 (64 FR
17545). Similarly, Regulation 1 Sections 8.07.A.5 and 8.09 provide for
prohibition of the use of uncertified woodstoves for the sole purpose
of meeting Clean Air Act requirements for contingency measures, which
the EPA approved into the SIP on January 27, 1997 (62 FR 3800). These
contingency provisions remain in effect today.

IV. Proposed Action

    The EPA is proposing to approve the limited maintenance plan
submitted by the State of Washington, on January 4, 2016, for the
Spokane PM10 area. If finalized, the EPA's approval of this
limited maintenance plan will satisfy the section 175A Clean Air Act
requirements for the second 10-year period in the Spokane
PM10 area. Additionally, Ecology and SRCAA requested that
the EPA update the Washington SIP to include minor regulatory changes
associated with the limited maintenance plan adopted in 2004 and 2007,
since the EPA's last approval (64 FR 17545, April 12, 1999). These
regulatory changes update and clarify the general PM10
control measures, including minor revisions to the emission reduction
strategies for both paved and unpaved roads. In a prior approval on
January 27, 1997, the EPA inadvertently approved SRCAA section 6.05(A)
which is a nuisance provision addressing the deposition of particulate
and not related to attainment or maintenance of the NAAQS (62 FR 3800).
Ecology and SRCAA requested, and the EPA proposes to approve,
correcting the SIP to remove this nuisance provision. A full copy of
the regulatory changes, in redline/strikeout format, is included in
Appendix D of the State submittal. The EPA reviewed these changes and
is proposing to approve and incorporate by reference the updated
versions of SRCAA Regulation I, sections 6.05, 6.14, and 6.15, shown in
the table below.

   Spokane Regional Clean Air Agency (SRCAA) Regulations for Proposed Approval and Incorporation by Reference
----------------------------------------------------------------------------------------------------------------
                                                                          State/Local
         State/Local citation                    Title/Subject          effective date         Explanation
----------------------------------------------------------------------------------------------------------------
                                                  Regulation I
----------------------------------------------------------------------------------------------------------------
6.05..................................  Particulate Matter and                04/10/04  Except 6.05(A).
                                         Preventing Particulate Matter
                                         from Becoming Airborne.
6.14..................................  Standards for Control of              06/03/07
                                         Particulate Matter on Paved
                                         Surfaces.
6.15..................................  Standards for Control of              06/03/07
                                         Particulate Matter on Unpaved
                                         Roads.
----------------------------------------------------------------------------------------------------------------

V. Incorporation by Reference

    In accordance with requirements of 1 CFR 51.5, the EPA is proposing
to revise our incorporation by reference of 40 CFR 52.2470(c)--Table 9
``Additional Regulations Approved for the Spokane Regional Clean Air
Agency (SRCAA) Jurisdiction'' to reflect the regulations shown in the
Proposed Action section. The EPA has made, and will continue to make,
these documents generally available electronically through
www.regulations.gov and/or in hard copy at the appropriate EPA office
(see the FOR FURTHER INFORMATION CONTACT section of this preamble for
more information).

VI. Statutory and Executive Order Reviews

    Under the Clean Air Act, the Administrator is required to approve a
SIP submission that complies with the provisions of the Act and
applicable Federal regulations. 42 U.S.C. 7410(k); 40 CFR 52.02(a).
Thus, in reviewing SIP submissions, the EPA's role is to approve state
choices, provided that they meet the criteria of the Clean Air Act.
Accordingly, this action merely approves state law as meeting Federal
requirements and does not impose additional requirements beyond those
imposed by state law. For that reason, this action:
     Is not a ``significant regulatory action'' subject to
review by the Office of Management and Budget under Executive Orders
12866 (58 FR 51735, October 4, 1993) and 13563 (76 FR 3821, January 21,
2011);
     Does not impose an information collection burden under the
provisions of the Paperwork Reduction Act (44 U.S.C. 3501 et seq.);
     Is certified as not having a significant economic impact
on a substantial number of small entities under the Regulatory
Flexibility Act (5 U.S.C. 601 et seq.);
     Does not contain any unfunded mandate or significantly or
uniquely affect small governments, as described in the Unfunded
Mandates Reform Act of 1995 (Pub. L. 104-4);
     Does not have Federalism implications as specified in
Executive Order 13132 (64 FR 43255, August 10, 1999);
     Is not an economically significant regulatory action based
on health or safety risks subject to Executive Order 13045 (62 FR
19885, April 23, 1997);
     Is not a significant regulatory action subject to
Executive Order 13211 (66 FR 28355, May 22, 2001);
     Is not subject to the requirements of Section 12(d) of the
National Technology Transfer and Advancement Act of 1995 (15 U.S.C. 272
note) because this action does not involve technical standards; and
     Does not provide the EPA with the discretionary authority
to address, as appropriate, disproportionate human health or
environmental effects, using practicable and legally permissible
methods, under Executive Order 12898 (59 FR 7629, February 16, 1994).
    In addition, this proposed rule does not have tribal implications
as specified by Executive Order 13175 (65 FR 67249, November 9, 2000),
because it will not impose substantial direct costs on tribal
governments or preempt tribal law. This SIP revision is not approved to
apply in Indian reservations in the State or any other area where the
EPA or an Indian tribe has demonstrated that a tribe has

jurisdiction. Consistent with EPA policy, the EPA provided a
consultation opportunity to the Spokane Tribe in a letter dated May 21,
2015. The EPA did not receive a request for consultation.

List of Subjects in 40 CFR Part 52

    Environmental protection, Air pollution control, Incorporation by
reference, Particulate matter, Reporting and recordkeeping
requirements.

    Authority:  42 U.S.C. 7401 et seq.

    Dated: February 12, 2016.
Dennis J. McLerran,
Regional Administrator, Region 10.
[FR Doc. 2016-04081 Filed 2-25-16; 8:45 am]
BILLING CODE 6560-50-P


[Federal Register Volume 79, Number 240 (Monday, December 15, 2014)]
[Unknown Section]
[Pages 74028-74030]
[FR Doc No: 2014-29357]

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DEPARTMENT OF HOMELAND SECURITY

Coast Guard

33 CFR Part 165

[Docket Number USCG-2014-1013]
RIN 1625-AA00

Safety Zone; Reduced Visibility, Sector St. Petersburg Captain of
the Port Zone, FL

AGENCY: Coast Guard, DHS.

ACTION: Temporary final rule.

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SUMMARY: The Coast Guard is establishing temporary safety zones for all
of Tampa Bay during periods of reduced visibility. The safety zones
will be enforced when visibility falls below one nautical mile. Tampa
Bay will be categorized into seven zones in order to close only the
affected areas of Tampa Bay. Heavy fog affects Tampa Bay an average of
22 days annually, mainly between the months of November through March.
These safety zones are necessary to protect commercial traffic from the
hazards resulting from reduced visibility. Entering, transiting within,
or transiting through this safety zone is prohibited unless authorized
by the Captain of the Port St. Petersburg or a designated
representative.

DATES: This rule is effective without actual notice from December 15,
2014 until March 31, 2015. For purposes of enforcement, actual notice
will be used from the date the rule was signed, November 26, 2014,
until December 15, 2014. The rule will be enforced when visibility is
reduced below one nautical mile in affected zones.

ADDRESSES: Documents mentioned in this preamble are part of docket
USCG-2014-1013. To view documents mentioned in this preamble as being
available in the docket, go to http://www.regulations.gov, type the
docket number in the ``SEARCH'' box and click ``SEARCH.'' Click on Open
Docket Folder on the line associated with this rulemaking. You may also
visit the Docket Management Facility in Room W12-140 on the ground
floor of the Department of Transportation West Building, 1200 New
Jersey Avenue SE., Washington, DC 20590, between 9 a.m. and 5 p.m.,
Monday through Friday, except Federal holidays.

FOR FURTHER INFORMATION CONTACT: If you have questions on this
temporary final rule, call or email Lieutenant Omar La Torre Reyes,
Sector St. Petersburg Prevention Department, Coast Guard; telephone
(813) 228-2191, email<EMAIL_ADDRESS>If you have questions
on viewing or submitting material to the docket, call Cheryl Collins,
Program Manager, Docket Operations, telephone<PHONE_NUMBER>.

SUPPLEMENTARY INFORMATION:

Table of Acronyms

DHS Department of Homeland Security
FR Federal Register
NPRM Notice of Proposed Rulemaking

A. Regulatory History and Information

    The Coast Guard is issuing this temporary final rule without prior
notice and opportunity to comment pursuant to authority under section
4(a) of the Administrative Procedure Act (APA) (5 U.S.C. 553(b)). This
provision authorizes an agency to issue a rule without prior notice and
opportunity to comment when the agency for good cause finds that those
procedures are ``impracticable, unnecessary, or contrary to the public
interest.'' Under 5 U.S.C. 553(b)(B), the Coast Guard finds that good
cause exists for not publishing a notice of proposed rulemaking (NPRM)
with respect to this rule because Tampa Bay has recently experienced
periods of reduced visibility that present a hazard to vessels and
people in the port. In 1980, during a period of reduced visibility, the
MV Summit Venture allided with the Sunshine Skyway Bridge resulting in
the death of 35 people. This rule seeks to avoid such incidents by
prohibiting vessel movements when visibility is reduced to less than 1
nautical mile. Any delay in the effective date of this rule would be
contrary to public interest as immediate action is needed to protect
the public from hazards associated with reduced visibility.
    For the same reason discussed above, under 5 U.S.C. 553(d)(3) the
Coast Guard finds that good cause exists for making this rule effective
less than 30 days after publication in the Federal Register.
    The legal basis for the rule is the Coast Guard's authority to
establish regulated navigation areas and limited access areas: 33
U.S.C. 1225, 1231; 33 CFR 1.05-1, 6.04-1; Department of Homeland
Security Delegation No. 0170.1.

B. Discussion of the Temporary Final Rule

    The Coast Guard is establishing a temporary safety zone for all of
Tampa Bay for the purpose of closing Tampa Bay's navigable waterways or
sections of Tampa Bay's waterways when visibility is reduced below one
nautical mile due to fog and other inclement weather conditions.
    Persons and vessels are prohibited from entering, transiting
through, anchoring in, or getting underway within the safety zone
unless authorized by the Captain of the Port St. Petersburg or a
designated representative. Persons and vessels desiring to enter,
transit within, transit through, or anchor in the safety zone may
contact the Captain of the Port St. Petersburg by telephone at (727)
824-7506, or a designated representative via VHF radio on channel 16,
to request authorization. If authorization to enter, transit through,
anchor in, or remain within the safety zone is granted by the Captain
of the Port St. Petersburg or a designated representative, all persons
and vessels receiving such authorization must comply with the
instructions of the Captain of the Port St. Petersburg or a designated
representative. The Coast Guard will provide notice of the safety zone
by Broadcast Notice to Mariners and on-scene designated
representatives.

C. Regulatory Analyses

    We developed this rule after considering numerous statutes and
executive orders related to rulemaking. Below we summarize our analyses
based on a number of these statutes or executive orders.

1. Regulatory Planning and Review

    This rule is not a significant regulatory action under section 3(f)
of Executive Order 12866, Regulatory Planning and Review, as
supplemented by Executive Order 13563, Improving Regulation and
Regulatory Review, and does not require an assessment of potential
costs and benefits under section 6(a)(3) of Executive Order 12866 or
under section 1 of Executive Order 13563. The Office of Management and
Budget has not reviewed it under those Orders.
    This rule does not have a significant economic impact due to the
fact that the zones will only be in effect during the time period
necessary for visibility to improve to greater than one nautical mile.

2. Impact on Small Entities

    Under the Regulatory Flexibility Act (5 U.S.C. 601-612), we have
considered the impact of this rule on small entities. The Coast Guard
certifies under 5 U.S.C. 605(b) that this rule will not have a
significant economic impact on a substantial number of small entities.
    If you think that your business, organization, or governmental
jurisdiction qualifies as a small entity and that this rule would have
a significant economic impact on it, please submit a comment (see
ADDRESSES) explaining why you think it qualifies and how and to what
degree this rule would economically affect it.

3. Assistance for Small Entities

    Under section 213(a) of the Small Business Regulatory Enforcement
Fairness Act of 1996 (Pub. L. 104-121), we want to assist small
entities in understanding this rule. If the rule would affect your
small business, organization, or governmental jurisdiction and you have
questions concerning its provisions or options for compliance, please
contact the person listed in the FOR FURTHER INFORMATION CONTACT
section.
    Small businesses may send comments on the actions of Federal
employees who enforce, or otherwise determine compliance with, Federal
regulations to the Small Business and Agriculture Regulatory
Enforcement Ombudsman and the Regional Small Business Regulatory
Fairness Boards. The Ombudsman evaluates these actions annually and
rates each agency's responsiveness to small business. If you wish to
comment on actions by employees of the Coast Guard, call 1-888-REG-FAIR
(1-888-734-3247). The Coast Guard will not retaliate against small
entities that question or complain about this rule or any policy or
action of the Coast Guard.

4. Collection of Information

    This rule will not call for a new collection of information under
the Paperwork Reduction Act of 1995 (44 U.S.C. 3501-3520).

5. Federalism

    A rule has implications for federalism under Executive Order 13132,
Federalism, if it has 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. We have analyzed this rule under that Order and determined
that this rule does not have implications for federalism.

6. Protest Activities

    The Coast Guard respects the First Amendment rights of protesters.
Protesters are asked to contact the person listed in the FOR FURTHER
INFORMATION CONTACT section to coordinate protest activities so that
your message can be received without jeopardizing the safety or
security of people, places or vessels.

7. Unfunded Mandates Reform Act

    The Unfunded Mandates Reform Act of 1995 (2 U.S.C. 1531-1538)
requires Federal agencies to assess the effects of their discretionary
regulatory actions. In particular, the Act addresses actions that may
result in the expenditure by a State, local, or tribal government, in
the aggregate, or by the private sector of $100,000,000 (adjusted for
inflation) or more in any one year. Though this rule will not result in
such expenditure, we do discuss the effects of this rule elsewhere in
this preamble.

8. Taking of Private Property

    This rule will not cause a taking of private property or otherwise
have taking implications under Executive Order 12630, Governmental
Actions and Interference with Constitutionally Protected Property
Rights.

9. Civil Justice Reform

    This rule meets applicable standards in sections 3(a) and 3(b)(2)
of Executive Order 12988, Civil Justice Reform, to minimize litigation,
eliminate ambiguity, and reduce burden.

10. Protection of Children

    We have analyzed this rule under Executive Order 13045, Protection
of Children from Environmental Health Risks and Safety Risks. This rule
is not an economically significant rule and does not create an
environmental risk to health or risk to safety that may
disproportionately affect children.

11. Indian Tribal Governments

    This rule does not have Tribal implications under Executive Order
13175, Consultation and Coordination with Indian Tribal Governments,
because it does not have a substantial direct effect on one or more
Indian Tribes, on the relationship between the Federal Government and
Indian Tribes, or on the distribution of power and responsibilities
between the Federal Government and Indian Tribes.

12. Energy Effects

    This action is not a ``significant energy action'' under Executive
Order 13211, Actions Concerning Regulations That Significantly Affect
Energy Supply, Distribution, or Use.

13. Technical Standards

    This rule does not use technical standards. Therefore, we did not
consider the use of voluntary consensus standards.

14. Environment

    We have analyzed this rule under Department of Homeland Security
Management Directive 023-01 and Commandant Instruction M16475.lD, which
guide the Coast Guard in complying with the National Environmental
Policy Act of 1969 (NEPA) (42 U.S.C. 4321-4370f), and have concluded
this action is one of a category of actions that do not individually or
cumulatively have a significant effect on the human environment. This
rule is categorically excluded, under figure 2-1, paragraph (34)(g), of
the Commandant Instruction. This rule involves establishing a temporary
safety zone.

List of Subjects in 33 CFR Part 165

    Harbors, Marine safety, Navigation (water), Reporting and
recordkeeping requirements, Security measures, Waterways.

    For the reasons discussed in the preamble, the Coast Guard amends
33 CFR part 165 as follows:

PART 165--REGULATED NAVIGATION AREAS AND LIMITED ACCESS AREAS

0
1. The authority citation for part 165 continues to read as follows:

    Authority: 33 U.S.C. 1231; 46 U.S.C. Chapter 701, 3306, 3703; 50
U.S.C. 191, 195; 33 CFR 1.05-1, 6.04-1, 6.04-6, 160.5; Pub. L. 107-
295, 116 Stat. 2064; Department of Homeland Security Delegation No.
0170.1.

0
2. Add a temporary Sec.  165.T07-1013 to read as follows:

Sec.  165.T07-1013  Safety Zone; Reduced Visibility, Sector St.
Petersburg Captain of the Port Zone, FL

    (a) Regulated Areas. When directed by the COTP, the following areas
are established as safety zones:
    (1) Zone 1 (Interbay) means all navigable waters within a box
marked by the following coordinates: 27[deg]52'56'' N, 82[deg]29'44''
W; thence to 27[deg]52'50'' N, 82[deg]23'41'' W; thence to
27[deg]57'27'' N, 82[deg]23'50'' W thence to 27[deg]57'19'' N,
82[deg]29'39'' W. This encompasses all navigable waterways north of
Hillsborough Cut ``C'' Channel LB ``25'' (LLNR 23445) & ``26'' (LLNR
23450).
    (2) Zone 2 (East Tampa/Big Bend) means all navigable waters within
a box marked by the following coordinates: 27[deg]52'50'' N,
82[deg]23'41'' W; thence to 27[deg]46'36'' N; 82[deg]24'04'' W; thence
to 27[deg]46'29'' N, 82[deg]31'21'' W; thence to 27[deg]52'59'' N,
82[deg]31'24'' W. This zone encompasses all navigable waterways between
Hillsborough Cut ``C'' Channel LB ``25'' (LLNR 23445) & ``26'' (LLNR
23450) to Cut ``6F'' (LLNR 22830) Channel.
    (3) Zone 3 (Old Tampa Bay) means all navigable waters within a box
marked by the following coordinates: 27[deg]46'29'' N, 82[deg]31'21''
W; 28[deg]01'58'' N, 82[deg]31'39'' W; thence to 28[deg]02'01'' N,
82[deg]43'20'' W; thence to 27[deg]46'15'' N, 82[deg]43'24'' W. This
zone encompasses all navigable waterways between all of Old Tampa Bay
to Cut ``6F'' (LLNR 22830) Channel.
    (4) Zone 4 (Middle Tampa Bay) means all navigable waters within a
box marked by the following coordinates: 27[deg]46'34'' N,
82[deg]34'04'' W; thence to 27[deg]38'40'' N, 82[deg]31'54'' W; thence
to 27[deg]44'38'' N, 82[deg]40'44'' W; thence to 27[deg]46'15'' N,
82[deg]40'46'' W. This zone encompasses all navigable waterways between
Cut ``6F'' (LLNR 22830) Channel to Tampa Bay ``1C'' (LLNR 22590).
    (5) Zone 5 (Lower Tampa Bay/Manatee) means all navigable waters
within a box marked by the following coordinates: 27[deg]44'33'' N,
82[deg]40'37'' W; thence to 27[deg]58'59'' N, 82[deg]40'34'' W; thence
to 27[deg]36'18'' N, 82[deg]38'57'' W; thence to 27[deg]34'10'' N,
82[deg]34'50'' W; thence to 27[deg]37'56'' N, 82[deg]31'15'' W. This
zone encompasses all navigable waterways between Tampa Bay ``1C'' (LLNR
22590) to Sunshine Skyway Bridge.
    (6) Zone 6 (Mullet Key) means all navigable waters within a box
marked by the following coordinates: 27[deg]38'59'' N, 82[deg]40'35''
W; thence to 27[deg]36'44'' N, 82[deg]44'13'' W; thence to
27[deg]32'20'' N, 82[deg]44'37'' W; thence to 27[deg]31'18'' N,
82[deg]38'59'' W; thence to 27[deg]34'09'' N, 82[deg]34'53'' W; thence
to 27[deg]36'15'' N, 82[deg]39'00'' W. This zone encompasses all
navigable waterways between the Sunshine Skyway Bridge to Mullet Key
Channel LB ``21'' (LLNR 22365) & ``22'' (LLNR 22370).
    (7) Zone 7 (Egmont Entrance) means all navigable waters within the
area encompassed by the following coordinates: 27[deg]36'27'' N,
82[deg]44'14'' W; thence to 27[deg]39'46'' N, 82[deg]44'45'' W; thence
to 27[deg]39'36'' N, 83[deg]05'10'' W; thence to 27[deg]32'29'' N,
83[deg]04'50'' W; thence to 27[deg]32'21'' N, 82[deg]44'42'' W. This
zone includes the fairway anchorages.
    (b) Definition. As used in this section:
    Captain of the Port (COTP) for the purpose of this section means
the Commanding Officer of Coast Guard Sector St. Petersburg.
    Captain of the Port St. Petersburg Zone as defined in 33 CFR 3.35-
35.
    (c) Regulations. (1) Vessels shall not commence an inbound transit,
shift, or outbound transit when the safety zones are in effect for
visibility less than one nautical mile due to fog or inclement weather.
    (2) The COTP may open or close Tampa Bay or specific zones
described in the regulated areas section of this chapter.
    (3) The Coast Guard will provide notice of the regulated area via
Broadcast Notice to Mariners.
    (d) Enforcement Date. This rule is effective from the date this
temporary final rule is signed by the Captain of the Port until March
31, 2015 and will be enforced when visibility is reduced to less than
one nautical mile.

    Dated: November 26, 2014.
G.D. Case,
Captain, U.S. Coast Guard, Captain of the Port, St. Petersburg.
[FR Doc. 2014-29357 Filed 12-12-14; 8:45 am]
BILLING CODE 9110-04-P


[Federal Register Volume 85, Number 139 (Monday, July 20, 2020)]
[Notices]
[Pages 43921-43923]
[FR Doc No: 2020-15556]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-89315; File No. SR-BOX-2020-27]

Self-Regulatory Organizations; BOX Exchange LLC; Notice of Filing
and Immediate Effectiveness of a Proposed Rule Change To Amend Sections
I.C.2 (Strategy Order Facilitation and Solicitation Transactions) and
II.D (Strategy QOO Order Fee Cap and Rebate) of the Fee Schedule on the
BOX Options Market LLC Facility

July 14, 2020.
    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 July 1, 2020, 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 on
the BOX Options Market LLC (``BOX'') 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 http://boxexchange.com.

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 Fee Schedule for trading on BOX
to amend Section I.C.2 (Strategy Order Facilitation and Solicitation
Transactions) and Section II.D (Strategy QOO Order Fee Cap and Rebate)
to adopt the ``long stock interest'' strategy type. As proposed, a
``long stock interest strategy'' is defined as a transaction done to
achieve long stock interest involving the purchase, sale, and exercise
of in-the-money options of the same class. The Exchange currently has
the following strategies defined in the BOX Fee Schedule: Short stock
interest, merger, reversal, conversion, jelly roll, box spread and
dividend strategies.\5\ The Exchange notes that the proposed long stock
interest strategies are currently traded on the BOX Trading Floor;
however because these strategies are not defined within the Fee
Schedule, these transactions are assessed the applicable manual
transaction fees and are not eligible for the Strategy QOO Order Fee
Cap and Rebate. The Exchange believes that the proposed long stock
interest strategy type belongs in the group of strategies offered fee
caps and rebates on the Exchange, as it is similar in nature to the
short stock interest strategy. In particular, a short stock interest
strategy is 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 where a long stock interest strategy is a
transaction done to achieve long stock interest involving the purchase,
sale, and exercise of in-the-money options of the same class.\6\
---------------------------------------------------------------------------

    \5\ 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 ``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.
    \6\ In essence, the long stock interest strategy is taking the
inverse position of the short stock interest strategy by utilizing
call options. Under certain circumstances, stocks can become
difficult to borrow because of limited supply. Under these market
conditions, the cost of borrowing shares in order to short the stock
can be prohibitively expensive. Customers may implement a long stock
interest strategy in order to take a long stock position and offset
the high short borrow costs associated with hard to borrow stocks.
---------------------------------------------------------------------------

    The Exchange now proposes to amend Section I.C.2 and Section II.D
of the BOX Fee Schedule to include the long stock interest strategy
type in the respective fee and rebate structures applicable to other
strategy types offered on the Exchange. Specifically, the Exchange
proposes to amend Section I.C.2 to state that fees for long stock
interest Strategy Orders executed through the electronic Facilitation
and Solicitation auction mechanisms will be subject to the table below:

----------------------------------------------------------------------------------------------------------------
                                              Agency order        Facilitation order or      Responses in the
                                       -------------------------    solicitation order        solicitation or
                                                                -------------------------  facilitation auction
                                                                                mechanisms
             Account type                  Penny     Non-penny      Penny     Non-penny  -----------------------
                                         interval     interval    interval     interval      Penny     Non-penny
                                          classes     classes      classes     classes     interval    interval
                                                                                classes     classes
----------------------------------------------------------------------------------------------------------------
Public Customer.......................       $0.00       $0.00        $0.00       $0.00        $0.25       $0.40
Professional Customer.................        0.10        0.10         0.10        0.10         0.25        0.40
Broker Dealer.........................        0.25        0.25         0.25        0.25         0.25        0.40
Market Maker..........................        0.25        0.25         0.25        0.25         0.25        0.40
----------------------------------------------------------------------------------------------------------------

    Further, the Exchange proposes that fees for long stock interest
strategy orders executed through the electronic Facilitation and
Solicitation mechanisms be capped at $1,000 per day per customer along
with other applicable strategy orders. The Exchange also proposes that
on each trading day, Participants are eligible to receive a $500 rebate
per customer for executing long stock interest Strategy Orders through
the electronic Facilitation or Solicitation mechanisms. The rebate will
be applied once the $1,000 fee cap per customer is met. The rebate will
be paid to the Participant that entered the order into the BOX
system.\7\
---------------------------------------------------------------------------

    \7\ The Exchange notes that short stock interest, merger,
reversal, conversion, jelly roll, and box spread strategies are all
subject to the same fees, fee cap and rebate.
---------------------------------------------------------------------------

    Under Section II.D, as proposed, the manual transaction fees for
long stock interest strategies executed on the same trading day will be
capped at $1,000 per day per customer along with other applicable
strategy orders. Currently, on each trading day, Floor Brokers are
eligible to receive a $500 rebate per customer for presenting certain
Strategy QOO Orders on the BOX Trading Floor. The rebate will be
applied once the $1,000 fee cap per customer for all dividend, short
stock interest, merger, reversal, conversion, jelly roll, and box
spread strategies is met. The Exchange proposes to now include long
stock interest strategies to the above-mentioned rebate.
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,\8\ 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. The Exchange notes that it operates in a highly competitive
market in which the Exchange must continually reassess its fees in
order to maintain its competitiveness within the options exchange
industry. The proposed changes reflect a competitive pricing structure
designed to incentivize market participants to direct their order flow
to the Exchange.
---------------------------------------------------------------------------

    \8\ 15 U.S.C. 78f(b)(4) and (5).
---------------------------------------------------------------------------

    The Exchange believes that the proposed addition of long stock
interest strategies to Sections I.C.2 and II.D to the BOX Fee Schedule
is reasonable, equitable and not unfairly discriminatory. As discussed
herein, long stock interest strategies are currently traded on the BOX
Trading Floor, however they are not defined in the BOX Fee Schedule and
are thus charged the applicable manual transaction fees in Section
II.A. and are not eligible for the applicable fee caps and rebates. The
Exchange believes that the proposed addition of long stock interest
strategies to Sections I.C.2 and II.D of the BOX Fee Schedule is
reasonable and appropriate as the long stock interest strategy is
similar in nature to the short stock interest strategy. Both strategy
types are executed to achieve short stock interest (short stock
interest strategy) or long stock interest (long stock interest
strategy) involving the purchase, sale, and exercise of in-the-money
options of the same class. As such, the Exchange further believes it is
reasonable and appropriate to include the long stock interest strategy
type with the other strategies that may benefit from the fee caps and
rebates available in Sections I.C.2 and II.D of the BOX Fee Schedule.
    Further, the Exchange believes that including long stock interest
strategies in Sections I.C.2 and Section II.D of the BOX Fee Schedule
will incentivize Participants to submit increased order flow to the
Exchange thus creating increased trading opportunities ultimately
benefitting all market participants. The Exchange also believes that
the proposed change is equitable and not unfairly discriminatory as all
Participants, regardless of account type, may submit these types of
strategies to the Exchange and may avail themselves of the proposed fee
caps and rebates.
    Lastly, the Exchange represents that the purpose of the proposed
rule change is to attract additional order flow to the Exchange. The
Exchange believes that implementing the rebate and fee cap for long
stock interest strategies--similar to the rebates and fee caps
currently in place for short stock interest, merger, reversal,
conversion, jelly roll, and box spread strategies--should increase
order flow to the Exchange resulting in increased trading opportunities
ultimately benefitting all market participants.

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 because the proposed change
applies uniformly to all Participants that incur transaction fees for
long stock interest strategies. Further, the Exchange notes that long
stock interest strategies are currently traded on the BOX Trading Floor
but are not eligible to receive the fee caps and rebates discussed
herein. As such, the Exchange believes that including long stock
interest strategies in Sections I.C.2 and II.D. of the BOX Fee Schedule
will incentivize Participants to submit these strategy types to the
Strategy Order Facilitation and Solicitation mechanisms or the BOX
Trading Floor, which in turn, will bring increased liquidity and order
flow to the Exchange for the benefit of all market participants.
    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.

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 \9\ and Rule 19b-4(f)(2)
thereunder,\10\ because it establishes or changes a due, or fee.
---------------------------------------------------------------------------

    \9\ 15 U.S.C. 78s(b)(3)(A)(ii).
    \10\ 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 (http://www.sec.gov/rules/sro.shtml); or
     Send an email to<EMAIL_ADDRESS>Please include
File Number SR-BOX-2020-27 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-2020-27. 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 such 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-BOX-2020-27, and should be submitted on
or before August 10, 2020.

    For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\11\
---------------------------------------------------------------------------

    \11\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------

J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020-15556 Filed 7-17-20; 8:45 am]
BILLING CODE 8011-01-P


[Federal Register Volume 80, Number 12 (Tuesday, January 20, 2015)]
[Notices]
[Page 2776]
[FR Doc No: 2015-00748]

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DEPARTMENT OF TRANSPORTATION

Federal Aviation Administration

[Summary Notice No. PE-2014-140]

Petition for Exemption; Summary of Petition Received

AGENCY: Federal Aviation Administration (FAA), DOT.

ACTION: Notice of petition for exemption received.

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

SUMMARY: This notice contains a summary of a petition seeking relief
from specified requirements of 14 CFR. The purpose of this notice is to
improve the public's awareness of, and participation in, this aspect of
FAA's regulatory activities. Neither publication of this notice nor the
inclusion or omission of information in the summary is intended to
affect the legal status of the petition or its final disposition.

DATES: Comments on this petition must identify the petition docket
number and must be received on or before February 9, 2015.

ADDRESSES: You may send comments identified by Docket Number FAA-2014-
0896 using any of the following methods:
     Government-wide rulemaking Web site: Go to http://www.regulations.gov and follow the instructions for sending your
comments electronically.
     Mail: Send comments to the Docket Management Facility;
U.S. Department of Transportation, 1200 New Jersey Avenue SE., West
Building Ground Floor, Room W12-140, Washington, DC 20590.
     Fax: Fax comments to the Docket Management Facility at
202-493-2251.
     Hand Delivery: Bring comments to the Docket Management
Facility in Room W12-140 of the West Building Ground Floor at 1200 New
Jersey Avenue SE., Washington, DC, between 9 a.m. and 5 p.m., Monday
through Friday, except Federal holidays.
    Privacy: We will post all comments we receive, without change, to
http://www.regulations.gov, including any personal information you
provide. Using the search function of our docket Web site, anyone can
find and read the comments received into any of our dockets, including
the name of the individual sending the comment (or signing the comment
for an association, business, labor union, etc.). You may review DOT's
complete Privacy Act Statement in the Federal Register published on
April 11, 2000 (65 FR 19477-78).
    Docket: To read background documents or comments received, go to
http://www.regulations.gov at any time or to the Docket Management
Facility in Room W12-140 of the West Building Ground Floor at 1200 New
Jersey Avenue SE., Washington, DC, between 9 a.m. and 5 p.m., Monday
through Friday, except Federal holidays.

FOR FURTHER INFORMATION CONTACT: Keira Jones<PHONE_NUMBER>, Office of
Rulemaking, Federal Aviation Administration, 800 Independence Avenue
SW., Washington, DC 20591.
    This notice is published pursuant to 14 CFR 11.85.

    Issued in Washington, DC, on January 14, 2015.
Lirio Liu,
Director, Office of Rulemaking.

Petition For Exemption

    Docket No.: FAA-2014-0896.
    Petitioner: John Lee.
    Section of 14 CFR Affected: 14 CFR Sec. Sec.  60.7(a)(1) and (2),
and (b)(1).
    Description of Relief Sought: John Lee seeks relief to conduct
training, evaluation, and proficiency checks in a simulator not covered
by an approved part 142 training program.

[FR Doc. 2015-00748 Filed 1-16-15; 8:45 am]
BILLING CODE 4910-13-P


[Federal Register: December 30, 2008 (Volume 73, Number 250)]
[Notices]
[Page 79961-79962]
[DOCID:fr30de08-147]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-59123; File No. SR-NYSE-2008-128]

Self-Regulatory Organizations; Notice of Filing and Immediate
Effectiveness of Proposed Rule Change by New York Stock Exchange LLC To
Amend the Requirements of Section 203.01 of the Listed Company Manual
with respect to Annual Reports

December 19, 2008.
    Pursuant to Section 19(b)(1) \1\ of the Securities Exchange Act of
1934 (the ``Exchange Act''),\2\ and Rule 19b-4 thereunder,\3\ notice is
hereby given that, on December 16, 2008, New York Stock Exchange, LLC
(the ``NYSE'' or the ``Exchange'') filed with the Securities and
Exchange Commission the proposed rule changes [sic] as described in
Items I and II below, which items have been prepared by the Exchange.
The Commission is publishing this notice to solicit comments on the
proposed rule changes [sic] from interested persons.
---------------------------------------------------------------------------

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

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

    The Exchange proposes to provide that a listed company that is
subject to the U.S. proxy rules, or is an issuer not subject to the
proxy rules that provides its audited financial statements to
beneficial shareholders in a manner that is consistent with the
physical or electronic delivery requirements applicable to annual
reports set forth in the U.S. proxy rules, is not required to issue the
press release or post the undertaking required by Section 203.01. The
text of the proposed rule change is available on the Exchange's Web
site (http://www.nyse.com), at the Exchange's Office of the Secretary
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 these statements may be examined at
the places specified in Item IV below. The NYSE 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 Section 203.01 of the NYSE Listed
Company Manual to provide that a listed company that is subject to the
U.S. proxy rules, or is an issuer not subject to the proxy rules that
provides its audited financial statements to beneficial shareholders in
a manner that is consistent with the physical or electronic delivery
requirements applicable to annual reports set forth in the U.S. proxy
rules, is not required to issue the press release or post the
undertaking required by Section 203.01.
    Section 203.01 was amended in August 2006 to eliminate the
requirement that companies physically distribute an annual report
containing audited financial statements.\4\ The rule currently requires
that a listed company must make its annual report filed with the SEC
simultaneously available on or through its Web site. Listed companies
are also required to post a prominent undertaking on their Web site
providing all holders the ability to receive a hard copy of the audited
financial statements upon request and to issue a press release stating
that the filing is available and reiterating that all shareholders have
the ability to receive a hard copy upon request.
---------------------------------------------------------------------------

    \4\ See Exchange Act Release No. 54344 (August 21, 2006), 71 FR
51260 (August 29, 2006) (SR-NYSE-2005-68).
---------------------------------------------------------------------------

    Since the section was amended, however, the Exchange believes that
many U.S. companies are very confused by the press release and Web site
undertaking requirements of Section 203.01 since many of them still
avail themselves of the option under the proxy rules to meet the annual
report distribution requirement by means of a physical distribution. In
light of the fact that many U.S. companies still meet the annual report
distribution requirement by means of a physical distribution and a
number of foreign companies voluntarily comply with the requirements of
the U.S. proxy rules by making physical distributions, the Exchange
proposes to amend Section 203.01 to provide that a listed company that
is subject to the U.S. proxy rules, or is an issuer not subject to the
proxy rules that provides its audited financial statements (as included
on Forms 10-K, 20-F and 40-F) to beneficial shareholders in a manner
that is consistent with the physical or electronic delivery
requirements applicable to annual reports set forth in the U.S. proxy
rules, is not required to issue the press release or post the
undertaking required by Section 203.01.
2. Statutory Basis
    The Exchange believes that the proposed rule change is consistent
with Section 6(b) \5\ of the Exchange Act in general, and furthers the
objectives of Section 6(b)(5) of the Act \6\ in particular in that it
is designed to promote just and equitable principles of trade, to
foster cooperation and coordination with persons engaged in regulating,
clearing, settling, processing information with respect to, and
facilitating transactions in securities, to remove impediments to and
perfect the mechanism of a free and open market and a national market
system, and, in general, to protect investors and the public interest.
The Exchange believes the proposed rule change is consistent with the
protection of investors, as only companies that are distributing their
annual financial statements to beneficial holders in a manner
consistent with the requirements of the Commission's proxy rules will
be exempted from the press release and undertaking requirements of
Section 203.01.
---------------------------------------------------------------------------

    \5\ 15 U.S.C. 78f(b).
    \6\ 15 U.S.C. 78f(b)(5).
---------------------------------------------------------------------------

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

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

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

    Written comments were neither solicited nor received.

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

    The proposed rule change has taken effect upon filing pursuant to
Section 19(b)(3)(A) of the Exchange Act.\7\
---------------------------------------------------------------------------

    \7\ 15 U.S.C. 78s(b)(3)(A).
---------------------------------------------------------------------------

    The Exchange asserts that the proposed rule change (i) will not
significantly affect the protection of investors or the public
interest, (ii) will not impose any significant burden on competition,
and (iii) will not become operative for 30 days after the date of this
filing, or such shorter time as the Commission may designate if
consistent

with the protection of investors and the public interest. The Exchange
provided the Commission with written notice of its intent to file the
proposed rule change, along with a brief description and text of the
proposed rule change, at least five business days prior to the date of
the filing of the proposed rule change as required by Rule 19b-
4(f)(6).\8\
---------------------------------------------------------------------------

    \8\ 17 CFR 240.19b-4(f)(6).
---------------------------------------------------------------------------

    A proposed rule change filed under Rule 19b-4(f)(6) normally does
not become operative for 30 days after the date of filing. However,
Rule 19b-4(f)(6)(iii) permits the Commission to designate a shorter
time if such action is consistent with the protection of investors and
the public interest. NYSE has requested that the Commission waive the
30-day delayed operative date, as permitted by Rule 19b-4(f)(6)(iii),
so that the proposed rule change may become operative immediately. The
Exchange believes that such waiver is appropriate so that a company
that qualifies for the exemption and is filing its annual report with
the Commission during the 30 days after the effective date of the
proposal may be relieved of the obligation to issue a press release in
relation to its filing. The Commission believes that waiving the 30-day
operative delay is consistent with the protection of investors and the
public interest because it relieves companies of an obligation that may
be redundant for companies that already meet the delivery requirements
applicable to annual reports set forth in the U.S. proxy rules, and
that in any case will no longer be applicable to companies similarly
situated after the 30-day period.\9\ Accordingly, the Commission
designates the proposed rule change as operative upon filing with the
Commission.
---------------------------------------------------------------------------

    \9\ For purposes only of waiving the 30-day operative delay, the
Commission has considered the proposed rule's impact on efficiency,
competition, and capital formation. See 15 U.S.C. 78c(f).
---------------------------------------------------------------------------

    At any time within 60 days of the filing of the proposed rule
change, the Commission may summarily abrogate 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 Exchange Act.

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 Exchange Act. Comments may be submitted
by any of the following methods:

Electronic Comments

     Use the Commission's Internet comment form (http://
www.sec.gov/rules/sro.shtml); or
     Send an e-mail to<EMAIL_ADDRESS>Please include
File Number SR-NYSE-2008-128 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-NYSE-2008-128. This file
number should be included on the subject line if e-mail is used. To
help the Commission process and review your comments more efficiently,
please use only one method. The Commission will post all comments on
the Commission's Internet Web site (http://www.sec.gov/rules/
sro.shtml). Copies of the submission, all subsequent amendments, all
written statements with respect to the proposed rule change that are
filed with the Commission, and all written communications relating to
the proposed rule change between the Commission and any person, other
than those that may be withheld from the public in accordance with the
provisions of 5 U.S.C. 552, will be available for inspection and
copying in the Commission's Public Reference Room, on official business
days between the hours of 10 a.m. and 3 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; the
Commission does not edit personal identifying information from
submissions. You should submit only information that you wish to make
available publicly. All submissions should refer to File Number SR-
NYSE-2008-128 and should be submitted on or before January 20, 2009.

    For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\10\
Florence E. Harmon,
Acting Secretary.
---------------------------------------------------------------------------

    \10\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------

 [FR Doc. E8-30897 Filed 12-29-08; 8:45 am]

BILLING CODE 8011-01-P


[Federal Register Volume 78, Number 56 (Friday, March 22, 2013)]
[Notices]
[Page 17662]
[FR Doc No: 2013-06645]

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ENVIRONMENTAL PROTECTION AGENCY

[ER-FRL-9008-3]

Environmental Impacts Statements; Notice of Availability

    Responsible Agency: Office of Federal Activities, General
Information<PHONE_NUMBER> or http://www.epa.gov/compliance/nepa/.

Weekly receipt of Environmental Impact Statements
Filed 03/11/2013 Through 03/15/2013
Pursuant to 40 CFR 1506.9.

 Notice

    Section 309(a) of the Clean Air Act requires that EPA make public
its comments on EISs issued by other Federal agencies. EPA's comment
letters on EISs are available at: http://www.epa.gov/compliance/nepa/eisdata.html.

EIS No. 20130064, Final Supplement, USFS, AK, Bell Island Geothermal
Leases, Review Period Ends: 04/22/2013, Contact: Sarah Samuelson 907-
789-6274.
EIS No. 20130065, Draft EIS, BLM, MT, HiLine District Draft Resource
Management Plan, Comment Period Ends: 06/20/2013, Contact: Brian
Hockett<PHONE_NUMBER>.
EIS No. 20130066, Final EIS, USN, GA, Proposed Modernization and
Expansion of Townsend Bombing Range, Review Period Ends: 04/22/2013,
Contact: Veronda Johnson<PHONE_NUMBER>.
EIS No. 20130067, Draft EIS, WAPA, ND, Wilton IV Wind Energy Center,
Comment Period Ends: 05/06/2013, Contact: Rod O'Sullivan<PHONE_NUMBER>.
EIS No. 20130068, Draft EIS, USACE, CA, Berryesssa Creek Project,
Comment Period Ends: 05/06/2013, Contact: Tyler Stalker<PHONE_NUMBER>
EIS No. 20130069, Final Supplement, FHWA, WA, I-90 Snoqualmie Pass
East, Avalanche Structures, Contact: Liana Liu<PHONE_NUMBER>.
EIS No. 20130070, Draft EIS, WAPA, USFWS, 00, PROGRAMMATIC--Upper Great
Plains Wind Energy, Comment Period Ends: 05/21/2013, Contact: Mark
Wieringa<PHONE_NUMBER>. The U.S. Department of Energy's Western Area
Power Administration and the U.S. Department of the Interior's Fish and
Wildlife Service are Joint Lead Agencies for this project.
EIS No. 20130071, Draft EIS, BLM, NV, Pan Mine Project, Comment Period
Ends: 05/07/2013, Contact: Miles Kreidler<PHONE_NUMBER>.

Amended Notices

EIS No. 20130015, Draft Supplement, FHWA, CA, Mid County Parkway, a new
Freeway from the City of Perris to the City of San Jacinto, Riverside
County, CA, Comment Period Ends: 04/10/2013, Contact: Larry Vinzant
916-498-5040. Revision to FR Notice Published 01/25/2013 and 03/08/
2013; Extending Comment Period to 04/10/2013.

    Dated: March 19, 2013.
Cliff Rader,
Director, NEPA Compliance Division, Office of Federal Activities.
[FR Doc. 2013-06645 Filed 3-21-13; 8:45 am]
BILLING CODE 6560-50-P


UNITED STATES ENVIRONMENTAL PROTECTION AGENCY                 NATIONAL VEHICLE AND FUEL EMISSIONS LABORATORY                              2000 TRAVERWOOD ROAD                            ANN ARBOR, MI  48105-2498

									          	OFFICE OF 										AIR AND RADIATION

July 25, 2011

MEMORANDUM

SUBJECT:	Meeting with the Yokohama

FROM:	Angela Cullen

TO:		Docket EPA-HQ-OAR-2010-0162

This memorandum documents a meeting held on March 28, 2011 between Yokohama, DOT, and EPA and included the following individuals:

      Yokohama:  Pat Keating and Dan Guiney              DOT: Coralie Cooper and Maurice Hicks              EPA: Cheryl Bynum, Joseph Bachman, Byron Bunker, and Angela Cullen

The discussion focused on the rolling resistance of heavy-duty truck tires and associated test procedures.


[Federal Register: June 26, 2006 (Volume 71, Number 122)]
[Notices]
[Page 36382]
[DOCID:fr26jn06-89]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-53952A; File No. SR-NYSE Arca-2006-21]

Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing
of Proposed Rule Change Relating to Approval of Market Data Fees for
NYSE Arca Data

June 20, 2006.

Correction

    In FR Document No. 06-5300 beginning on page 33496 for Friday, June
9, 2006, the 34 Release number was incorrectly stated. The correct
number is 34-53952.

Nancy M. Morris,
Secretary.
[FR Doc. 06-5641 Filed 6-16-06; 8:45 am]

BILLING CODE 8010-01-M


	This is an informal public meeting to discuss the papers submitted for
consideration by the United Nations Subcommittee of Experts on the
Globally Harmonized System of Classification and Labelling of Chemicals
(or “UNSCEGHS”) at its upcoming meeting on December 7-9, 2010 in
Geneva, Switzerland (the 20th session).  The UNSCEGHS is the UN body
responsible for maintaining and updating the GHS.  The US has been an
active member of the UNSCGHS for many years, and OSHA currently serves
as the head of the US delegation for this subcommittee.  OSHA published
a public notice of this meeting in the Federal Register on November 12,
2010 at 75 FR 69472.

	In preparation for this UN subcommittee meeting, the US Interagency GHS
Coordinating Group meets to discuss issues related to the GHS and to
develop a coordinated US position on the various papers on the
UNSCEGHS’s agenda.  The US interagency committee group consists of US
agencies that regulate in the area of chemical hazard communication and
includes the Consumer Product Safety Commission, the Department of
Transportation, the Environmental Protection Agency, and OSHA.

	The purpose of this public meeting is to gather the views of US
stakeholders on the various proposals pending before the UNSCEGHS.  This
will assist the US delegation in developing positions on the papers
submitted to the subcommittee.  In this meeting, we are not seeking to
achieve stakeholder consensus or decide on the US position.  Rather, we
wish to encourage the candid expression of individual stakeholder views
on these issues.

	As you may be aware, OSHA is currently considering its proposal to
modify its Hazard Communication Standard to conform with the GHS.  The
comment period in that proceeding has closed, and OSHA cannot accept new
comments addressed to that proposal.  Discussion in this forum is to be
limited to the papers currently before the UNSCEGHS.  However, OSHA will
be taking notes on the general topics of discussion.  These notes will
be included in the docket but will not be considered in the final rule.

In the back of the room you will find an agenda for this meeting as well
as a sign in sheet.  If you have not already done so, please pick up a
copy of the agenda and provide your contact information on the sign in
sheet.  You will notice that the agenda mimics the UN subcommittee
agenda for the upcoming meeting.  We will first discuss the working
papers and then if time permits we will discuss the informal papers
listed in the addendum to the agenda.  I will introduce the paper and
then ask if there are any comments starting with the participants in the
room and then moving onto the participants on the phone.  Now for a few
housekeeping items:

[Statement on procedures to be used.]