[Federal Register Volume 78, Number 139 (Friday, July 19, 2013)]
[Notices]
[Pages 43261-43262]
[FR Doc No: 2013-17406]

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DEPARTMENT OF TRANSPORTATION

Office of the Secretary of Transportation

Transportation Infrastructure Financing and Innovation Act
(TIFIA) Program; Agency Information Collection Activities and Request
for Comments

AGENCY: Office of the Secretary of Transportation (OST).

SUMMARY: The Department of Transportation (DOT) invites public comments
on a request to the Office of Management and Budget (OMB) to approve an
Emergency Information Collection Request in accordance with the
requirements of the Paperwork Reduction Act of 1995 (Pub. L. 104-13, 44
USC 3501 et seq). This request is being submitted to OMB via an
Emergency Information Collection Request.
    On July 6, 2012, the President of the United States signed the
Moving Ahead for Progress in the 21st Century Act of 2012 (MAP-21).
MAP-21 authorized $750 million in FY 2013 and $1 billion in FY 2014 for
the Transportation Infrastructure Financing and Innovation Act (TIFIA)
program to pay the subsidy cost of supporting Federal credit. The TIFIA
program will provide Federal credit assistance in the form of direct
loans, loan guarantees, and standby lines of credit to eligible surface
transportation projects. This information collection relates to the
collection of information from entities interested in TIFIA credit
assistance and assists the DOT in evaluating projects and project
sponsors for program eligibility and creditworthiness.

DATES: Written comments should be submitted by August 5, 2013.

ADDRESSES: Comments are invited on: (a) The need for the proposed
collection of information for the proper performance of the functions
of the agency, including whether the information will have practical
utility; (b) 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) Ways to enhance the quality,
utility, and clarity of the information to be collected; and (d) Ways
to minimize the burden of the collection of information on those who
are to respond, including the use of appropriate automated, electronic,
mechanical, or other technological collection techniques. You may
submit comments identified by Docket No. DOT-OST-2013-0138 through one
of the following methods:
     Federal eRulemaking Portal: http://www.regulations.gov.
Follow the online instructions for submitting comments.
     Fax: 1-202-493-2251.
     Mail or Hand Delivery: Docket Management Facility, U.S.
Department of Transportation, 1200 New Jersey Avenue SE., West
Building, Room W12-140, Washington, DC 20590, between 9 a.m. and 5
p.m., Monday through Friday, except on Federal holidays.

FOR FURTHER INFORMATION CONTACT: The TIFIA program manager via email at
<EMAIL_ADDRESS>
SUPPLEMENTARY INFORMATION:
    Title: Transportation Infrastructure Financing and Innovation Act
program or TIFIA program.
    OMB Control Number: 2105-New.
    Affected Public: State and local governments, transit agencies,
railroad companies, special authorities, special districts, and private
entities.
    Estimated Total Annual Number of Responses: 50 letters of interest
and 50 applications.
    Estimated Total Annual Burden Hours: 6,000 hours. Based on the
number and type of interested stakeholders that have contacted the
Department about this program, OST estimates that it will receive 50
applications and letters of interest and that it will generally not
take applicants more than 100 person-hours to assemble individual
applications and 20 person-hours to assemble individual letters of
interest. Therefore, the total annual hour burden of this collection of
applications is 6,000 hours.
    Frequency of Collection: The Department expects that this
information collection will occur on a rolling basis as interested
entities seek TIFIA credit assistance.
    Background: This is an existing information collection without an
OMB Control Number. DOT has published a notice in the Federal Register
(also available at: http://www.fhwa.dot.gov/ipd/pdfs/tifia/fy2013_tifia_nofa_073112.pdf) to give project sponsors an opportunity to
submit Letters of Interest and applications for the newly authorized
funding as soon as possible. However, in addition to authorizing more
funding for TIFIA credit assistance, MAP-21 made some significant
changes to the TIFIA program's structure, including the terms and
conditions pursuant to which DOT can provide TIFIA credit assistance.
DOT is required to solicit letters of interest and applications for
TIFIA credit assistance from interested applicants. DOT has developed
forms that provide a way for interested applicants to submit
information required by DOT in order for DOT to evaluate that
interested applicant's application for TIFIA credit assistance. The
forms for the letter of interest and application are available for
review at http://www.fhwa.dot.gov/ipd/tifia/guidance_applications/tifia_applications.htm. The DOT will use the collected information to
evaluate and select recipients for credit assistance as authorized
under MAP-21. Applicants may be asked to provide additional supporting
evidence or to quantify details during the review and negotiation
process on a case-by-case basis, but completion of the letter of
interest and application.
    MAP-21 establishes a multi-step application process for TIFIA
credit assistance. This process begins with the submission of a Letter
of Interest and determination of eligibility. Only after a project
sponsor has submitted a Letter of Interest and met all statutory
eligibility requirements will the project sponsor be invited to submit
an application.

    The Letter of Interest must (i) describe the project and the
location, purpose, and cost of the project, (ii) outline the proposed
financial plan, including the requested credit assistance and the
proposed obligor, (iii) provide a status of environmental review, and
(iv) provide information regarding satisfaction of other eligibility
requirements of the TIFIA credit program. Letters of Interest will be
submitted using the form on the TIFIA Web site: http://www.fhwa.dot.gov/ipd/tifia/guidance_applications/index.htm. DOT has
revised the form for the Letter of Interest to reflect changes made to
the TIFIA program by MAP-21. The Letter of Interest form requires
project sponsors to provide information demonstrating satisfaction (or
expected satisfaction if permitted by the statute) of each of the
eligibility requirements included in MAP-21. DOT estimates that the
letter of interest would require approximately 20 hours in each
instance to complete.
    If a project sponsor is invited to submit an application, DOT
estimates that each application will require approximately 100 hours to
complete. The information that DOT seeks through the application
includes: Contact information for the applicant entity; project
information including name, location, description, rural project
description (if applicable), purpose (quantitative/qualitative
details), cost and TIFIA credit assistance request, project management
and compliance monitoring plan, maintenance and operations plan,
satisfaction of eligibility requirements including creditworthiness
(rate covenant, coverage requirements, investment grade rating(s)),
fostering partnerships that attract public and private investment, how
TIFIA assistance would enable the project to proceed at an earlier date
or with reduced lifecycle costs, how TIFIA assistance would reduce the
contribution of federal grant assistance, environmental review (NEPA),
permits and approvals, transportation planning and programming process
approvals (STIP and TIP), construction contracting process readiness,
project schedule, a financial plan including estimated capital project
cost, amount and type of credit assistance requested, amount of TIFIA
assistance requested, a summary table: Detailing sources and uses of
funds, cash flow pro forma, a supplementary narrative detailing other
borrowed funds and revenue sources (including pledged repayment
source), proposed terms for the requested TIFIA credit instrument,
reasons for selecting the proposed type(s) of credit instrument,
flexibility in financial plan to support a reduced percentage-share of
TIFIA credit assistance, risks and mitigation strategies, details on
the applicant's organizational structure, including background
information and legal authority, organization and management, identity
of the entity that will serve as applicant (public-sector agency or
private-sector firm), whether the applicant the same entity as the
borrower (detail project team members), prior experience, financial
condition, and litigation and/or conflicts.

    Issued in Washington, DC on July 16, 2013.
Patricia Lawton,
Departmental PRA Clearance Officer, Office of the Secretary.
[FR Doc. 2013-17406 Filed 7-18-13; 8:45 am]
BILLING CODE 4910-9X-P


[Federal Register: January 12, 2006 (Volume 71, Number 8)]
[Notices]
[Page 2035]
[DOCID:fr12ja06-56]

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DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission

[Docket No. ER06-408-000]

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

January 4, 2006.
    Take notice that on December 28, 2005, PJM Interconnection, L.L.C.
(PJM) submitted for filing an unexecuted interconnection service
agreement (ISA) among PJM; GSG, LLC; and Commonwealth Edison Company,
designated as Original Service Agreement No. 1406. PJM requests a
waiver of the Commission's 60-day notice requirement to permit a
December 23, 2005 effective date for the ISA, and asks the Commission
for expedited action and a shortened comment period.
    PJM states that copies of this filing were served upon the parties
to the ISA and the state regulatory commissions within the PJM region.
    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 January 9, 2006.

Magalie R. Salas,
Secretary.
[FR Doc. E6-203 Filed 1-11-06; 8:45 am]

BILLING CODE 6717-01-P


[Federal Register Volume 86, Number 95 (Wednesday, May 19, 2021)]
[Notices]
[Pages 27090-27091]
[FR Doc No: 2021-10573]

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DEPARTMENT OF HEALTH AND HUMAN SERVICES

Food and Drug Administration

[Docket No. FDA-2021-D-0351]

Chemotherapy-Induced Nausea and Vomiting: Developing Drugs for
Prevention; Draft Guidance for Industry; Availability

AGENCY: Food and Drug Administration, HHS.

ACTION: Notice of availability.

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

SUMMARY: The Food and Drug Administration (FDA or Agency) is announcing
the availability of a draft guidance for industry entitled
``Chemotherapy-Induced Nausea and Vomiting: Developing Drugs for
Prevention.'' This guidance addresses FDA's current thinking regarding
clinical trials for drugs for the prevention of chemotherapy-induced
nausea and vomiting (CINV) in adults, including recommendations for
trial population, trial design, efficacy considerations, and clinical
outcome assessments. This guidance details a recent change in our
recommendations regarding the necessary evidence and recommended
endpoint assessments needed to support a determination of efficacy for
the indication of the prevention of CINV. Previously, drug development
programs seeking an indication for the prevention of CINV typically
selected a primary efficacy endpoint of complete response, defined as
no vomiting and no use of rescue antiemetic medication, with additional
direct evaluation of nausea frequency and severity positioned as
exploratory assessments. To promote consistency and interpretability in
the assessment of nausea both within and across development programs,
FDA now recommends sponsors analyze a primary endpoint of complete
response (i.e., a binary endpoint defined as no vomiting and no use of
rescue antiemetic medication) and a secondary endpoint of the absence
of nausea (i.e., a binary endpoint defined as no reported nausea and no
use of rescue antiemetic medication) by evaluating the difference in
the proportions of responders across treatment arms to establish
efficacy for the prevention of CINV.

DATES: Submit either electronic or written comments on the draft
guidance by July 19, 2021 to ensure that the Agency considers your
comment on this draft guidance before it begins work on the final
version of the guidance.

ADDRESSES: You may submit comments on any guidance at any time as
follows:

Electronic Submissions

    Submit electronic comments in the following way:
     Federal eRulemaking Portal: https://www.regulations.gov.
Follow the instructions for submitting comments. Comments submitted
electronically, including attachments, to https://www.regulations.gov
will be posted to the docket unchanged. Because your comment will be
made public, you are solely responsible for ensuring that your comment
does not include any confidential information that you or a third party
may not wish to be posted, such as medical information, your or anyone
else's Social Security number, or confidential business information,
such as a manufacturing process. Please note that if you include your
name, contact information, or other information that identifies you in
the body of your comments, that information will be posted on https://www.regulations.gov.
     If you want to submit a comment with confidential
information that you do not wish to be made available to the public,
submit the comment as a written/paper submission and in the manner
detailed (see ``Written/Paper Submissions'' and ``Instructions'').

Written/Paper Submissions

    Submit written/paper submissions as follows:
     Mail/Hand Delivery/Courier (for written/paper
submissions): Dockets Management Staff (HFA-305), Food and Drug
Administration, 5630 Fishers Lane, Rm. 1061, Rockville, MD 20852.
     For written/paper comments submitted to the Dockets
Management Staff, FDA will post your comment, as well as any
attachments, except for information submitted, marked and identified,
as confidential, if submitted as detailed in ``Instructions.''
    Instructions: All submissions received must include the Docket No.
FDA-2021-D-0351 for ``Chemotherapy-Induced Nausea and Vomiting:
Developing Drugs for Prevention.'' Received comments will be placed in
the docket and, except for those submitted as ``Confidential
Submissions,'' publicly viewable at https://www.regulations.gov or at
the Dockets Management Staff between 9 a.m. and 4 p.m., Monday through
Friday,<PHONE_NUMBER>.
     Confidential Submissions--To submit a comment with
confidential information that you do not wish to be made publicly
available, submit your comments only as a written/paper submission. You
should submit two copies total. One copy will include the information
you claim to be confidential with a heading or cover note that states
``THIS DOCUMENT CONTAINS CONFIDENTIAL INFORMATION.'' The Agency will
review this copy, including the claimed confidential information, in
its consideration of comments. The second copy, which will have the
claimed confidential information redacted/blacked out, will be
available for public viewing and posted on https://www.regulations.gov.
Submit both copies to the Dockets Management Staff. If you do not wish
your name and contact information to be made publicly available, you
can provide this information on the cover sheet and not in the body of
your comments and you must identify this information as
``confidential.'' Any information marked as ``confidential'' will not
be disclosed except in accordance with 21 CFR 10.20 and other
applicable disclosure law. For more information about FDA's posting of
comments to public dockets, see 80 FR 56469, September 18, 2015, or
access the information at: https://www.govinfo.gov/content/pkg/FR-2015-09-18/pdf/2015-23389.pdf.
    Docket: For access to the docket to read background documents or
the electronic and written/paper comments received, go to https://www.regulations.gov and insert the docket number, found in brackets in
the heading of this document, into the ``Search'' box and follow the
prompts and/or go to the Dockets Management Staff, 5630 Fishers Lane,
Rm. 1061, Rockville, MD 20852,<PHONE_NUMBER>.
    You may submit comments on any guidance at any time (see 21 CFR
10.115(g)(5)).
    Submit written requests for single copies of the draft guidance to
the Division of Drug Information, Center for Drug Evaluation and
Research, Food and Drug Administration, 10001 New Hampshire Ave.,
Hillandale Building, 4th Floor, Silver Spring, MD 20993-0002. Send one
self-addressed adhesive label to assist that office in processing your
requests. See the SUPPLEMENTARY INFORMATION section for electronic
access to the draft guidance document.

FOR FURTHER INFORMATION CONTACT: Mary Chung, Center for Drug Evaluation
and Research (HFD-580), Food and Drug Administration, 10903 New
Hampshire Ave., Bldg. 22, Rm. 5350, Silver Spring, MD 20993-002, (301)
796-0260.

I. Background

    FDA is announcing the availability of a draft guidance for industry
entitled ``Chemotherapy-Induced Nausea and Vomiting: Developing Drugs
for Prevention.'' This draft guidance addresses FDA's current thinking
regarding clinical trials for the prevention of CINV in adults,
including recommendations for trial population, trial design, efficacy
considerations, and clinical outcome assessments.
    This draft guidance is being issued consistent with FDA's good
guidance practices regulation (21 CFR 10.115). The draft guidance, when
finalized, will represent the current thinking of FDA on
``Chemotherapy-Induced Nausea and Vomiting: Developing Drugs for
Prevention.'' It does not establish any rights for any person and is
not binding on FDA or the public. You can use an alternative approach
if it satisfies the requirements of the applicable statutes and
regulations.

II. Paperwork Reduction Act of 1995

    While this guidance contains no collection of information, it does
refer to previously approved FDA collections of information. Therefore,
clearance by the Office of Management and Budget (OMB) under the
Paperwork Reduction Act of 1995 (PRA) (44 U.S.C. 3501-3521) is not
required for this guidance. The previously approved collections of
information are subject to review by OMB under the PRA. The collections
of information in support of submission and review of data for
applications for FDA review and approval of new drugs or therapeutic
biologics under section 505 of the Federal Food, Drug, and Cosmetic Act
(21 U.S.C. 355) or section 351 of the Public Health Service Act (42
U.S.C. 262) have been approved under OMB control numbers 0910-0014,
0910-0001, and 0910-0338.

III. Electronic Access

    Persons with access to the internet may obtain the draft guidance
at either https://www.fda.gov/drugs/guidance-compliance-regulatory-information/guidances-drugs or https://www.regulations.gov.

    Dated: May 14, 2021.
Lauren K. Roth,
Acting Principal Associate Commissioner for Policy.
[FR Doc. 2021-10573 Filed 5-18-21; 8:45 am]
BILLING CODE 4164-01-P


[Federal Register Volume 86, Number 28 (Friday, February 12, 2021)]
[Notices]
[Page 9418]
[FR Doc No: 2021-02960]

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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-609, OMB Control No.3235-0706]

Proposed Collection; Comment Request

Upon Written Request Copies Available From: Securities and Exchange
Commission, Office of FOIA Services, 100 F Street NE, Washington, DC
20549-2736

Extension:
    Form ABS-EE

    Notice is hereby given that, pursuant to the Paperwork Reduction
Act of 1995 (44 U.S.C. 3501 et seq.), the Securities and Exchange
Commission (``Commission'') is soliciting comments on the collection of
information summarized below. The Commission plans to submit this
existing collection of information to the Office of Management and
Budget for extension and approval.
    Form ABS-EE (17 CFR 249.1401) is filed by asset-backed issuers to
provide asset-level information for registered offerings of asset-
backed securities at the time of securitization and on an ongoing basis
required by Item 1111(h) of Regulation AB (17 CFR 229.1111(h)). The
purpose of the information collected on Form ABS-EE is to implement the
disclosure requirements of Section 7(c) of the Securities Act of 1933
(15 U.S.C. 77g(c)) to provide information regarding the use of
representations and warranties in the asset-backed securities markets.
We estimate that approximately 13,374 securitizers will file Form ABS-
EE annually at estimated 170,089 burden hours per response. In
addition, we estimate that 25% of the 50.87152 hours per response
(12.71788 hours) is carried internally by the securitizers for a total
annual reporting burden of 170,089 hours (12.71788 hours per response x
13,374 responses).
    Written comments are invited on: (a) Whether this proposed
collection of information is necessary for the proper performance of
the functions of the agency, including whether the information will
have practical utility; (b) the accuracy of the agency's estimate of
the burden imposed by the collection of information; (c) ways to
enhance the quality, utility, and clarity of the information collected;
and (d) ways to minimize the burden of the collection of information on
respondents, including through the use of automated collection
techniques or other forms of information technology. Consideration will
be given to comments and suggestions submitted in writing within 60
days of this publication.
    An agency may not conduct or sponsor, and a person is not required
to respond to, a collection of information unless it displays a
currently valid control number.
    Please direct your written comment to David Bottom, Director/Chief
Information Officer, Securities and Exchange Commission, c/o Cynthia
Roscoe, 100 F Street NE, Washington, DC 20549 or send an email to:
<EMAIL_ADDRESS>
    Dated: February 9, 2021.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2021-02960 Filed 2-11-21; 8:45 am]
BILLING CODE 8011-01-P


[Federal Register Volume 86, Number 208 (Monday, November 1, 2021)]
[Notices]
[Pages 60349-60350]
[FR Doc No: 2021-23874]

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UNIFIED CARRIER REGISTRATION PLAN

Sunshine Act Meetings

TIME AND DATE: November 4, 2021, from 12:00 p.m. to 3:00 p.m., Eastern
time.

PLACE: This meeting will be accessible via conference call and
screensharing. Any interested person may call<PHONE_NUMBER> (US toll
free),<PHONE_NUMBER> (US toll free), +1<PHONE_NUMBER> (US toll), or +1
669-900-6833 (US toll), Conference ID 958 0140 0508, to participate in
the meeting. The website to participate via Zoom meeting and
screenshare is https://kellen.zoom.us/j/95801400508.

STATUS: This meeting will be open to the public.

MATTERS TO BE CONSIDERED: The Unified Carrier Registration Plan Board
of Directors (the ``Board'') will continue its work in developing and
implementing the Unified Carrier Registration Plan and Agreement. The
subject matter of the meeting will include:

Agenda

I. Welcome and Call to Order--UCR Board Chair

    The UCR Board Chair will welcome attendees, call the meeting to
order, call roll for the Board, confirm the presence of a quorum, and
facilitate self-introductions.

II. Verification of Meeting Notice--UCR Executive Director

    The UCR Executive Director will verify publication of the meeting
notice on the UCR website and distribution to the UCR contact list via
email followed by subsequent publication of the notice in the Federal
Register.

III. Review and Approval of Board Agenda--UCR Board Chair

For Discussion and Possible Action

    The proposed Agenda will be reviewed, and the Board will consider
adoption.
Ground Rules
    [rtarr8] Board actions taken only in designated areas on agenda

IV. Approval of Minutes of the September 23, 2021 UCR Board Meeting--
UCR Board Chair

For Discussion and Possible Action

    Draft Minutes of the September 23, 2021 UCR Board meeting will be
reviewed. The Board will consider action to approve.

V. Report of the Federal Motor Carrier Safety Administration (FMCSA)--
FMCSA Representative

    The FMCSA will provide a report on any relevant activity.

VI. Updates Concerning UCR Legislation--UCR Board Chair

    The UCR Board Chair will call for updates regarding UCR legislation
since the last Board meeting.

VII. Subcommittee Reports

Audit Subcommittee--UCR Audit Subcommittee Chair

    A. Proposal to Select New Independent Auditing Firm of the UCR
Depository--UCR Executive Director and UCR Depository Manager.
For Discussion and Possible Board Action
    The UCR Executive Director and the UCR Depository Manager will
present a proposal to the Board for consideration to initiate a request
for proposal (RFP) to identify and engage a new independent auditing
firm to conduct an assurance engagement of the UCR Depository's
financial statements for the year ending December 31, 2021. It is a
widespread practice to rotate auditing firms every four years to ensure
proper integrity of the audit process. The current firm has now
provided these audit services for the past four years from 2017-2020.
The UCR Audit Subcommittee recommends to the Board

that it proceeds with an RFP process to engage a new auditing firm for
the financial statements ending December 31, 2021. The Board may take
action to approve the issuance of an RFP to engage a new auditing firm
for an audit of the UCR Depository.
    B. Proposal to Adopt Written Internal Control Policies and
Procedures for the UCR Depository--UCR Executive Director and UCR
Depository Manager.
For Discussion and Possible Board Action
    The UCR Executive Director and the UCR Depository Manager will lead
a review of the draft of written internal control policies and
procedures entitled, ``Accounting Guidelines'' intended for
implementation by the Depository. The UCR Audit Subcommittee recommends
to the Board that it adopts the written internal control policies and
procedures. The Board may take action to adopt written internal control
policies and procedures.
    C. Support States to Improve Registration Compliance--UCR Audit
Subcommittee Chair and DSL Transportation, Inc. (DSL).
    The UCR Audit Subcommittee Chair and DSL will lead a discussion
regarding methods to help participating states improve registration
compliance (percentages). Suggested methods include educating various
constituents such as state registration offices, state motor carrier
association offices, state highway patrols, etc. New entrant audits are
an additional suggestion. The UCR Audit Subcommittee recommends a
process to document ``best practices'', develop guidelines for process
improvements and a checklist to improve registration compliance
percentages.
    D. UCR Compliance Snapshot--UCR Audit Subcommittee Chair.
    The UCR Audit Subcommittee Chair will review the latest numbers and
statistics pertaining to states' compliance with Board mandated
registration and audit percentages.

Finance Subcommittee--UCR Finance Subcommittee Chair

    A. Maturing of Certificate of Deposit (CD)--UCR Depository Manager.
For Discussion and Possible Board Action
    The UCR Depository Manager will provide an update on the CD that
will mature on November 12, 2021. The Board may take action to reinvest
the proceeds.
    B. Update on Draft of Calendar Year 2022 Budget--UCR Depository
Manager.
    The UCR Depository Manager will provide an update on the continued
development of the 2022 operating budget. The budget will be presented
to the UCR Board at the December 16, 2021 Board meeting for the Board's
consideration and adoption.

Education and Training Subcommittee--UCR Education and Training
Subcommittee Chair

    A. Update on Future Training Initiatives--UCR Education and
Training Subcommittee Chair.
    The UCR Education and Training Subcommittee Chair will provide an
update on the planned future training initiatives for the UCR Plan.

VIII. Contractor Reports--UCR Executive Director

 UCR Executive Director's Report

    The UCR Executive Director will provide a report covering recent
activity for the UCR Plan.

 DSL Transportation Services, Inc.

DSL Transportation Services, Inc. will report on the latest data from
the Focused Anomaly Reviews (FARs) program, discuss motor carrier
inspection results, and other matters.

 Seikosoft

    Seikosoft will provide an update on recent/new activity related to
the National Registration System.

 UCR Administrator Report (Kellen)--UCR Operations Director and
UCR Depository Manager

    The UCR staff will provide a management report covering recent
activity for the Depository, Operations, and Communications.

IX. Other Business--UCR Board Chair

    The UCR Board Chair will call for any other items Board members
would like to discuss.

X. Adjournment--UCR Board Chair

    The UCR Board Chair will adjourn the meeting.
    This agenda will be available no later than 5:00 p.m. Eastern time,
October 28, 2021 at: https://plan.ucr.gov.

CONTACT PERSON FOR MORE INFORMATION: Elizabeth Leaman, Chair, Unified
Carrier Registration Plan Board of Directors,<PHONE_NUMBER>,
[email protected].

Alex B. Leath,
Chief Legal Officer, Unified Carrier Registration Plan.
[FR Doc. 2021-23874 Filed 10-28-21; 4:15 pm]
BILLING CODE 4910-YL-P


to Des Plaines River.                         Prairie.
                                         Approximately 1,560 feet                +746
                                          upstream of its
                                          confluence with Unnamed
                                          Tributary No. 1E to Des
                                          Plaines River.
Unnamed Tributary No. 2 to Des Plaines   At the confluence with                  +676  Village of Pleasant
 River.                                   Unnamed Tributary No. 1E                      Prairie.
                                          to Des Plaines River.
                                         Approximately 1,350 feet                +748
                                          upstream of 120th Avenue.
Unnamed Tributary No. 2 to Jerome Creek  At the confluence with                  +680  Village of Pleasant
                                          Jerome Creek.                                 Prairie.
                                         At the divergence from                  +681
                                          Unnamed Tributary No. 3
                                          to Jerome Creek.
Unnamed Tributary No. 2 to Salem Branch  At the confluence with                  +751  Unincorporated Areas of
 Brighton Creek and Paddock Lake.         Salem Branch.                                 Kenosha County, Village
                                                                                of Paddock Lake.
                                         Approximately 968 feet                  +794
                                          upstream of State
                                          Highway 50.
Unnamed Tributary No. 3 to Dutch Gap     At the confluence with                  +759  Village of Bristol.
 Canal.                                   Dutch Gap Canal.
                                         Approximately 4,965 feet                +791
                                          upstream of U.S. Route
                                          45.
Unnamed Tributary No. 3 to Jerome Creek  At the confluence with                  +681  City of Kenosha, Village
                                          Jerome Creek.                                 of Pleasant Prairie.
                                         At the downstream side of               +688
                                          70th Avenue.
Unnamed Tributary No. 3 to Salem         At the confluence with                  +756  Unincorporated Areas of
 Brighton Creek and Montgomery Lake.      Salem Branch.                                 Kenosha County.
                                         Approximately 2,847 feet                +801
                                          upstream of 84th Street.
Unnamed Tributary No. 4 to Dutch Gap     At the confluence with                  +763  Village of Bristol.
 Canal.                                   Unnamed Tributary No. 3
                                          to Dutch Gap Canal.
                                         Approximately 3,370 feet                +772
                                          upstream of 107th Street.
Unnamed Tributary No. 4 to Jerome Creek  At the confluence with                  +681  Village of Pleasant
                                          Jerome Creek.                                 Prairie.
                                         Approximately 5,000 feet                +715
                                          upstream of Johnson Road.
Unnamed Tributary No. 4 to Jerome Creek  At the confluence with                  +682  Village of Pleasant
 Overflow.                                Jerome Creek.                                 Prairie.
                                         At the divergence from                  +690
                                          Unnamed Tributary No. 4
                                          to Jerome Creek.
Unnamed Tributary No. 5 to Des Plaines   Approximately 500 feet                  +677  Village of Pleasant
 River.                                   downstream of County                          Prairie.
                                          Highway H.
                                         Approximately 250 feet                  +680
                                          upstream of Johnson Road.
Unnamed Tributary No. 5 to Kilbourn      Approximately 670 feet                  +701  City of Kenosha,
 Road Ditch.                              upstream of 120th Avenue.                     Unincorporated Areas of
                                                                                Kenosha County.
                                         At the downstream side of               +736
                                          128th Avenue.
Unnamed Tributary No. 5B to Des Plaines  At the confluence with                  +679  Village of Pleasant
 River.                                   Unnamed Tributary No. 5                       Prairie.
                                          to Des Plaines River.
                                         Approximately 1,700 feet                +685
                                          upstream of its
                                          confluence with Unnamed
                                          Tributary No. 5 to Des
                                          Plaines River.
Unnamed Tributary No. 6 to Brighton      At the confluence with                  +742  Unincorporated Areas of
 Creek and League Lake.                   Brighton Creek.                               Kenosha County, Village
                                                                                of Paddock Lake.
                                         Approximately 1,681 feet                +789
                                          upstream of 60th Street.
Unnamed Tributary No. 7 to Des Plaines   Approximately 815 feet                  +676  Village of Bristol,
 River.                                   downstream of 120th                           Village of Pleasant
                                          Avenue.                                       Prairie.
                                         At the downstream side of               +710
                                          136th Avenue.
Unnamed Tributary No. 8 to Kilbourn      Approximately 670 feet                  +710  Unincorporated Areas of
 Road Ditch.                              upstream of the                               Kenosha County.
                                          confluence with Kilbourn
                                          Road Ditch.
                                         At the upstream side of                 +724
                                          Frontage Road.
Unnamed Tributary No. 8 to Kilbourn      Approximately 800 feet                  +708  Unincorporated Areas of
 Road Ditch Overflow.                     upstream of its                               Kenosha County.
                                          confluence with Kilbourn
                                          Road Ditch.
                                         Approximately 2,464 feet                +716
                                          upstream of its
                                          confluence with Kilbourn
                                          Road Ditch.
----------------------------------------------------------------------------------------------------------------
* National Geodetic Vertical Datum.
+ North American Vertical Datum.
 Depth in feet above ground.
[caret] Mean Sea Level, rounded to the nearest 0.1 meter.

                                                    ADDRESSES
City of Kenosha
Maps are available for inspection at City Hall, 625 52nd Street, Kenosha, WI 53140.

                                     Unincorporated Areas of Kenosha County
Maps are available for inspection at the Kenosha County Courthouse, 912 56th Street, Kenosha, WI 53140.

Village of Bristol
Maps are available for inspection at the Village Hall, 19801 83rd Street, Bristol, WI 53104.

Village of Paddock Lake
     Maps are available for inspection at the Paddock Lake Village Hall, 6969 236th Avenue, Salem, WI 53168.

Village of Pleasant Prairie
Maps are available for inspection at the Village Hall, 9915 39th Avenue, Pleasant Prairie, WI 53158.

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

(Catalog of Federal Domestic Assistance No. 97.022, ``Flood
Insurance.'')

    Dated: April 18, 2012.
Sandra K. Knight,
Deputy Associate Administrator for Mitigation, Department of Homeland
Security, Federal Emergency Management Agency.
[FR Doc. 2012-10997 Filed 5-7-12; 8:45 am]
BILLING CODE 9110-12-P


[Federal Register Volume 88, Number 64 (Tuesday, April 4, 2023)]
[Proposed Rules]
[Pages 19895-19896]
[FR Doc No: 2023-06886]

========================================================================
Proposed Rules
                                                Federal Register
________________________________________________________________________

This section of the FEDERAL REGISTER contains notices to the public of
the proposed issuance of rules and regulations. The purpose of these
notices is to give interested persons an opportunity to participate in
the rule making prior to the adoption of the final rules.

========================================================================

Federal Register / Vol. 88 , No. 64 / Tuesday, April 4, 2023 /
Proposed Rules

DEPARTMENT OF TRANSPORTATION

Federal Aviation Administration

14 CFR Part 71

[Docket No. FAA-2020-0707; Airspace Docket No. 18-AWP-28]
RIN 2120-AA66

Establishment of Class E Airspace; Benton Field Airport, Redding,
CA

AGENCY: Federal Aviation Administration (FAA), DOT.

ACTION: Supplemental notice of proposed rulemaking (SNPRM).

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

SUMMARY: This action proposes to establish Class E airspace extending
upward from 700 feet above the surface at Benton Field Airport. This
action will support the airport's transition from visual flight rule
(VFR) to instrument flight rule (IFR) operations at the airport.

DATES: Comments must be received on or before May 19, 2023.

ADDRESSES: Send comments identified by FAA Docket No. FAA-2020-0707 and
Airspace Docket No. 18-AWP-18 using any of the following methods:
    * Federal eRulemaking Portal: Go to www.regulations.gov and follow
the online instructions for sending your comments electronically.
    * Mail: Send comments to Docket Operations, M-30; U.S. Department
of Transportation, 1200 New Jersey Avenue SE, Room W12-140, West
Building Ground Floor, Washington, DC 20590-0001.
    * Hand Delivery or Courier: Take comments to Docket Operations 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.
    * Fax: Fax comments to Docket Operations at<PHONE_NUMBER>.
    Docket: Background documents or comments received may be read at
www.regulations.gov at any time. Follow the online instructions for
accessing the docket or go to the Docket Operations 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.
    FAA Order JO 7400.11G, Airspace Designations and Reporting Points,
and subsequent amendments can be viewed online at www.faa.gov/air_traffic/publications/.

FOR FURTHER INFORMATION CONTACT: Keith Adams, Federal Aviation
Administration, Western Service Center, Operations Support Group, 2200
S 216th Street, Des Moines, WA 98198; telephone<PHONE_NUMBER>.

SUPPLEMENTARY INFORMATION:

Authority for This Rulemaking

    The FAA's authority to issue rules regarding aviation safety is
found in Title 49 of the United States Code. 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. This rulemaking is promulgated under the authority described
in Subtitle VII, Part A, Subpart I, Section 40103. Under that section,
the FAA is charged with prescribing regulations to assign the use of
airspace necessary to ensure the safety of aircraft and the efficient
use of airspace. This regulation is within the scope of that authority,
as it would establish Class E airspace at Benton Field Airport,
Redding, CA, to support IFR operations at the airport.

Comments Invited

    The FAA invites interested persons to participate in this
rulemaking by submitting written comments, data, or views. Comments are
specifically invited on the overall regulatory, aeronautical, economic,
environmental, and energy-related aspects of the proposal. The most
helpful comments reference a specific portion of the proposal, explain
the reason for any recommended change, and include supporting data. To
ensure the docket does not contain duplicate comments, commenters
should submit only one time--either electronically or in writing.
    The FAA will file in the docket all comments it receives, as well
as a report summarizing each substantive public contact with FAA
personnel concerning this proposed rulemaking. Before acting on this
proposal, the FAA will consider all comments it receives on or before
the closing date for comments. The FAA will consider comments filed
after the comment period has closed if it is possible to do so without
incurring expense or delay. The FAA may change this proposal in light
of the comments it receives.
    Privacy: In accordance with 5 U.S.C. 553(c), DOT solicits comments
from the public to better inform its rulemaking process. DOT posts
these comments, without edit (including any personal information the
commenter provides), to www.regulations.gov; this is described in the
system of records notice (DOT/ALL-14 FDMS), which can be reviewed at
www.dot.gov/privacy.

Availability of Rulemaking Documents

    An electronic copy of this document may be downloaded at
www.regulations.gov. Recently published rulemaking documents can also
be accessed through the FAA's web page at www.faa.gov/air_traffic/publications/airspace_amendments/.
    You may review the public docket containing the proposal, any
comments received and any final disposition in person in the Dockets
Operations office (see ADDRESSES section for address, phone number, and
hours of operations). An informal docket may also be examined during
normal business hours at the office of the Northwest Mountain Regional
Office of the Federal Aviation Administration, Air Traffic
Organization, Western Service Center, Operations Support Group, 2200 S.
216th Street, Des Moines, WA 98198.

Incorporation by Reference

    The Class E5 airspace designation is published in paragraph 6005 of
FAA Order JO 7400.11, Airspace Designations and Reporting Points, which
is incorporated by reference in 14 CFR 71.1 on an annual basis. This
document proposes to amend the current version of that order, FAA Order
JO 7400.11G, dated August 19, 2022, and effective September 15, 2022.
These updates would be published in the next update to FAA Order JO
7400.11. That order is publicly available as listed in the ADDRESSES
section of this document.
    FAA Order JO 7400.11G lists Class A, B, C, D, and E airspace areas,
air traffic service routes, and reporting points.

Background

    The FAA published an NPRM in the Federal Register for FAA-2020-0707
(85 FR 49985; August 17, 2020) to establish Class E airspace at the
Benton Field Airport for the purpose of containing the Area Navigation
(RNAV) Global Positioning System (GPS) Runway (RWY) 16 approach and the
RNAV (GPS) RWY 34 approach. Following the above NPRM publication, the
two procedures were modified and renamed. The RNAV (GPS) RWY 16
approach was modified to become a circling only approach and was
renamed as the RNAV GPS-A approach. The RNAV (GPS) RWY 34 approach was
modified to become a circling only approach and was renamed as the RNAV
GPS-B approach. These revised procedures have generated the need for
additional modifications to the airspace dimensions to appropriately
contain the procedures at Benton Field Airport, CA. This supplemental
SNPRM reflects those changes.

The Proposal

    The FAA is proposing an amendment to 14 CFR part 71 by establishing
Class E airspace, extending upward from 700 feet above the surface, at
Benton Field Airport. This area is designed to accommodate arriving IFR
operations below 1,500 feet above the surface and departing IFR
operations until they reach 1,200 feet above the surface. The proposed
airspace is described in relation to the airport reference point and is
within a 3.3-mile radius of the airport, and within 4 miles east and
2.3 miles west of the 002[deg] bearing from the airport, extending from
3.3-miles radius to 12.4 miles north of the airport, and within 3.1
miles each side of the 179[deg] bearing from the airport, extending
from the 3.3-mile radius to 8.8 miles south of the airport.

Regulatory Notices and Analyses

    The FAA has determined that this regulation only involves an
established body of technical regulations for which frequent and
routine amendments are necessary to keep them operationally current, is
non-controversial, and is unlikely to result in adverse or negative
comments. It, therefore: (1) is not a ``significant regulatory action''
under Executive Order 12866; (2) is not a ``significant rule'' under
DOT Regulatory Policies and Procedures (44 FR 11034; February 26,
1979); and (3) does not warrant preparation of a regulatory evaluation
as the anticipated impact is so minimal. Since this is a routine matter
that will only affect air traffic procedures and air navigation, it is
certified that this rule, when promulgated, would not have a
significant economic impact on a substantial number of small entities
under the criteria of the Regulatory Flexibility Act.

Environmental Review

    This proposal will be subject to an environmental analysis in
accordance with FAA Order 1050.1F, Environmental Impacts: Policies and
Procedures, prior to any FAA final regulatory action.

List of Subjects in 14 CFR Part 71

    Airspace, Incorporation by reference, Navigation (air).

The Proposed Amendment

    In consideration of the foregoing, the Federal Aviation
Administration proposes to amend 14 CFR part 71 as follows:

PART 71--DESIGNATION OF CLASS A, B, C, D, AND E AIRSPACE AREAS; AIR
TRAFFIC SERVICE ROUTES; AND REPORTING POINTS

0
1. The authority citation for 14 CFR part 71 continues to read as
follows:

    Authority:  49 U.S.C. 106(f), 106(g), 40103, 40113, 40120; E.O.
10854, 24 FR 9565, 3 CFR, 1959-1963 Comp., p. 389.

Sec.  71.1  [Amended]

0
2. The incorporation by reference in 14 CFR 71.1 of FAA Order 7400.11G,
Airspace Designations and Reporting Points, dated August 19, 2022, and
effective September 15, 2022, is amended as follows:

Paragraph 6005 Class E Airspace Areas Extending Upward From 700
Feet or More above the Surface of the Earth.

* * * * *

AWP CA E5 Redding, CA [New]

Benton Field Airport, CA
    (Lat. 40[deg]34'25'' N, long. 122[deg]24'26'' W)

    That airspace extending upward from 700 feet above the surface
within a 3.3-mile radius of the airport, and within 4 miles east and
2.3 miles west of the 002[deg] bearing from the airport, extending
from 3.3-miles radius to 12.4 miles north of the airport, and within
3.1 miles each side of the 179[deg] bearing from the airport,
extending from the 3.3-mile radius to 8.8 miles south of Benton
Field Airport.
* * * * *

    Issued in Seattle, Washington, on March 27, 2023.
B.G. Chew,
Group Manager, Operations Support Group, Western Service Center.
[FR Doc. 2023-06886 Filed 4-3-23; 8:45 am]
BILLING CODE 4910-13-P


[Federal Register Volume 88, Number 93 (Monday, May 15, 2023)]
[Notices]
[Page 30966]
[FR Doc No: 2023-10325]

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

DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission

[Docket No. ER23-1846-000]

Boomtown Solar Energy 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
Boomtown Solar Energy 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 May 30, 2023.
    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 may mail similar pleadings to
the Federal Energy Regulatory Commission, 888 First Street NE,
Washington, DC 20426. Hand delivered submissions in docketed
proceedings should be delivered to Health and Human Services, 12225
Wilkins Avenue, Rockville, Maryland 20852.
    In addition to publishing the full text of this document in the
Federal Register, the Commission provides all interested persons an
opportunity to view and/or print the contents of this document via the
internet through the Commission's Home Page (http://www.ferc.gov) using
the ``eLibrary'' link. Enter the docket number excluding the last three
digits in the docket number field to access the document. At this time,
the Commission has suspended access to the Commission's Public
Reference Room, due to the proclamation declaring a National Emergency
concerning the Novel Coronavirus Disease (COVID-19), issued by the
President on March 13, 2020. For assistance, contact the Federal Energy
Regulatory Commission at [email protected] or call toll-free,
(886) 208-3676 or TYY,<PHONE_NUMBER>.

    Dated: May 9, 2023.
Debbie-Anne A. Reese,
Deputy Secretary.
[FR Doc. 2023-10325 Filed 5-12-23; 8:45 am]
BILLING CODE 6717-01-P


[Federal Register Volume 86, Number 98 (Monday, May 24, 2021)]
[Notices]
[Pages 27927-27929]
[FR Doc No: 2021-10840]

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

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-91918; File No. SR-ICC-2021-008]

Self-Regulatory Organizations; ICE Clear Credit LLC; Order
Approving Proposed Rule Change Relating to the ICC Risk Management
Model Description

May 18, 2021.

I. Introduction

    On March 31, 2021, ICE Clear Credit LLC (``ICC'') filed with the
Securities and Exchange Commission (``Commission''), pursuant to
Section 19(b)(1) of the Securities Exchange Act of 1934 (the ``Act'')
\1\ and Rule 19b-4 thereunder,\2\ a proposed rule change to amend the
ICC Risk Management Model Description (the ``Model Description''). The
proposed rule change was published for comment in the Federal Register
on April 13, 2021.\3\ The

Commission did not receive comments regarding the proposed rule change.
For the reasons discussed below, the Commission is approving the
proposed rule change.
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ Self-Regulatory Organizations; ICE Clear Credit LLC; Notice
of Filing of Proposed Rule Change Relating to the ICC Risk
Management Model Description, Exchange Act Release No. 91493 (April
7, 2021), 86 FR 19316 (April 13, 2021) (``Notice'').
---------------------------------------------------------------------------

II. Description of the Proposed Rule Change

    The purpose of the proposed rule change is to amend the Model
Description. The changes would (i) memorialize the review and approval
process of the Model Description; (ii) enhance the liquidity charge
methodology; and (iii) make other minor clarifications.\4\
---------------------------------------------------------------------------

    \4\ This description is substantially excerpted from the Notice,
86 FR at 19316. Capitalized terms not otherwise defined herein have
the meanings assigned to them in the Model Description.
---------------------------------------------------------------------------

A. Review and Approval Process

    First, the proposed rule change would amend the ``Initial Margin
Methodology'' section of the Model Description to memorialize the
review and approval process for the Model Description. As would be
stated in the amended Model Description, this process would consist of
review by the ICC Risk Committee and review and approval by the ICC
Board of Managers at least annually.

B. Enhanced Liquidity Charge Methodology

    Second, the proposed rule change would make an enhancement related
to the index liquidity charge (``LC'') methodology. Specifically, the
proposed rule change would revise the ``Liquidity Charge for Index Risk
Factors'' subsection (Subsection II.2) to amend a formula for the index
series LC. Currently, to arrive at the index series LC, ICC takes into
account the estimated LCs for the instruments that belong to the same
index series and the sign of the notional amount of the instrument.
Under the proposed rule change, ICC would establish the index series LC
as the more conservative liquidity requirement associated with the sum
of the bought and sold protection position LCs for the instruments that
belong to the same index series. ICC represents that this change would
unify the index LC with the single name and credit default index
swaption (``Index Option'') LC methodologies.\5\
---------------------------------------------------------------------------

    \5\ Notice, 86 FR at 19317.
---------------------------------------------------------------------------

C. Additional Clarifications

    Finally, the proposed rule change would make additional
clarifications in the Model Description. In the ``Liquidity Charge for
Index Options'' subsection (Subsection II.2.1), the proposed rule
change would specify that with respect to long Index Option
instruments, the LC combined with the integrated spread response
requirement will not exceed the end-of-day option instrument price. ICC
represents that this amendment would reflect the maximum loss
condition, given that the maximum loss would be the end-of-day option
instrument price.\6\
---------------------------------------------------------------------------

    \6\ Notice, 86 FR at 19317.
---------------------------------------------------------------------------

    In the ``Anti-Procyclicality Measures'' subsection (Subsection
VII.5.3), the proposed rule change would make clarifications regarding
the scenarios associated with extreme price decreases and extreme price
increases. Specifically, the proposed rule change would clarify that
the extreme price decrease and increase scenarios for Index Options
incorporate hypothetical forward price decreases and increases,
respectively.
    Finally, in respect of the maximum loss condition, the proposed
rule change would update formulas related to the final portfolio
initial margin in the ``Portfolio Loss Boundary Condition'' section
(Section IX) to reference the portfolio level integrated spread
response.

III. Discussion and Commission Findings

    Section 19(b)(2)(C) of the Act directs the Commission to approve a
proposed rule change of a self-regulatory organization if it finds that
such proposed rule change is consistent with the requirements of the
Act and the rules and regulations thereunder applicable to such
organization.\7\ After careful review, the Commission finds that the
proposed rule change is consistent with the requirements of the Act and
the rules and regulations thereunder applicable to ICC. In particular,
the Commission finds that the proposed rule change is consistent with
Section 17A(b)(3)(F) of the Act,\8\ Rules 17Ad-22(e)(2)(i) and (v),\9\
Rule 17Ad-22(e)(4)(ii),\10\ and Rule 17Ad-22(e)(6)(i) thereunder.\11\
---------------------------------------------------------------------------

    \7\ 15 U.S.C. 78s(b)(2)(C).
    \8\ 15 U.S.C. 78q-1(b)(3)(F).
    \9\ 17 CFR 240.17Ad-22(e)(2)(i) and (v).
    \10\ 17 CFR 240.17Ad-22(e)(4)(ii).
    \11\ 17 CFR 240.17Ad-22(e)(6)(i).
---------------------------------------------------------------------------

A. Consistency With Section 17A(b)(3)(F) of the Act

    Section 17A(b)(3)(F) of the Act requires, among other things, that
the rules of ICC be designed to promote the prompt and accurate
clearance and settlement of securities transactions and, to the extent
applicable, derivative agreements, contracts, and transactions, as well
as to assure the safeguarding of securities and funds which are in the
custody or control of ICC or for which it is responsible.\12\
---------------------------------------------------------------------------

    \12\ 15 U.S.C. 78q-1(b)(3)(F).
---------------------------------------------------------------------------

    As discussed above, the proposed rule change would make various
improvements to the Model Description. Specifically, the Commission
believes memorializing the annual review and approval process for the
Model Description should help to ensure that the Model Description is
maintained and improved, as needed, following the annual review.
Moreover, unifying the index LC with the single name and Index Option
LC methodologies, by establishing the index series LC as the more
conservative liquidity requirement, should help to simplify the
methodology and ensure a consistent application of the LC among all of
the products that ICC clears. Specifying that, with respect to long
Index Option instruments, the LC combined with the integrated spread
response requirement will not exceed the end-of-day option instrument
price, to reflect the maximum loss condition, should clarify the limit
of this requirement given that the maximum loss would be the end-of-day
option instrument price. Similarly, specifying that the extreme price
decrease and increase scenarios for Index Options incorporate
hypothetical forward price decreases and increases and updating
formulas related to the final portfolio initial margin to reference the
portfolio level integrated spread response, should clarify the
applications of these requirements, helping to ensure the consistent
application of ICC's risk methodology.
    Because ICC uses the Model Description to derive initial margin and
guaranty fund requirements for its Clearing Participants, the
Commission believes the proposed rule change, by improving the Model
Description, should improve ICC's ability to derive such requirements.
The Commission further believes the proposed rule change should improve
ICC's ability to manage the risks associated with clearing transactions
through application of its initial margin and guaranty fund
requirements, as set forth in the Model Description. Moreover, the
Commission believes the risks associated with clearing transactions, if
not properly managed through the collection of initial margin and
guaranty fund, could cause ICC to suffer losses which could inhibit its
ability to clear and settle transactions and assure the safeguarding of
securities and funds. Accordingly, the Commission believes

that by improving the Model Description and, therefore, ICC's ability
to manage the risks associated with clearing transactions, the proposed
rule change should promote the prompt and accurate clearance and
settlement of securities transactions and assure the safeguarding of
securities and funds in ICC's custody and control or for which it is
responsible, consistent with the Section 17A(b)(3)(F) of the Act.\13\
---------------------------------------------------------------------------

    \13\ 15 U.S.C. 78q-1(b)(3)(F).
---------------------------------------------------------------------------

B. Consistency With Rules 17Ad-22(e)(2)(i) and (v)

    Rule 17Ad-22(e)(2)(i) requires that ICC establish, implement,
maintain and enforce written policies and procedures reasonably
designed to provide for governance arrangements that are clear and
transparent.\14\ Rule 17Ad-22(e)(2)(v) requires that ICC establish,
implement, maintain and enforce written policies and procedures
reasonably designed to provide for governance arrangements that specify
clear and direct lines of responsibility.\15\ As discussed above, the
proposed rule change would memorialize the process for approval of the
Model Description (i.e., review by the ICC Risk Committee and review
and approval by the ICC Board at least annually). The Commission
believes that this change should establish a governance arrangement for
review and approval of the Model Description that is clear and
transparent and that imposes a direct line of responsibility on the ICC
Risk Committee and ICC Board.
---------------------------------------------------------------------------

    \14\ 17 CFR 240.17Ad-22(e)(2)(i).
    \15\ 17 CFR 240.17Ad-22(e)(2)(v).
---------------------------------------------------------------------------

    For this reason, the Commission finds that the proposed rule change
is consistent with Rules 17Ad-22(e)(2)(i) and (v).\16\
---------------------------------------------------------------------------

    \16\ 17 CFR 240.17Ad-22(e)(2)(i) and (v).
---------------------------------------------------------------------------

C. Consistency With Rule 17Ad-22(e)(4)(ii)

    Rule 17Ad-22(e)(4)(ii) requires that ICC establish, implement,
maintain and enforce written policies and procedures reasonably
designed to effectively identify, measure, monitor, and manage its
credit exposures to participants and those arising from its payment,
clearing, and settlement processes, including by maintaining additional
financial resources at the minimum to enable it to cover a wide range
of foreseeable stress scenarios that include, but are not limited to,
the default of the two participant families that would potentially
cause the largest aggregate credit exposure for ICC in extreme but
plausible market conditions (``Cover 2 Requirement'').\17\ As discussed
above, the Commission believes the proposed rule change should improve
the Model Description by: (i) Memorializing the annual review and
approval process, thereby helping to ensure that the Model Description
is maintained and improved; (ii) simplifying the methodology and
ensuring a consistent application of the LC among all of the products
that ICC clears; and (iii) clarifying the integrated spread response
requirement, the extreme price decrease and increase scenarios, and the
final portfolio initial margin, helping to ensure the transparent and
consistent application of ICC's risk methodology. ICC uses the Model
Description to derive its guaranty fund requirements and thereby
maintain financial resources to meet its Cover 2 Requirement. The
Commission therefore believes the proposed rule change, in improving
the Model Description, should improve ICC's ability to satisfy its
Cover 2 Requirement.
---------------------------------------------------------------------------

    \17\ 17 CFR 240.17Ad-22(e)(4)(ii).
---------------------------------------------------------------------------

    For these reasons, the Commission finds that the proposed rule
change is consistent with Rules 17Ad-22(e)(4)(ii).\18\
---------------------------------------------------------------------------

    \18\ 17 CFR 240.17Ad-22(e)(4)(ii).
---------------------------------------------------------------------------

D. Consistency With Rule 17Ad-22(e)(6)(i)

    Rule 17Ad-22(e)(6)(i) requires that ICC establish, implement,
maintain and enforce written policies and procedures reasonably
designed to cover its credit exposures to its participants by
establishing a risk-based margin system that, at a minimum, considers,
and produces margin levels commensurate with, the risks and particular
attributes of each relevant product, portfolio, and market.\19\ As
discussed above, the Commission believes the proposed rule change
should improve the Model Description by: (i) Memorializing the annual
review and approval process, thereby helping to ensure that the Model
Description is maintained and improved; (ii) simplifying the
methodology and ensuring a consistent application of the LC among all
of the products that ICC clears; and (iii) clarifying the integrated
spread response requirement, the extreme price decrease and increase
scenarios, and the final portfolio initial margin, helping to ensure
the transparent and consistent application of ICC's risk methodology.
ICC uses the Model Description to derive its margin requirements
appropriately tailored to the risks presented by the products that ICC
clears. The Commission therefore believes the proposed rule change, in
improving the Model Description, should improve ICC's ability to
consider, and produce margin levels commensurate with, the risks and
particular attributes of each relevant product, portfolio, and market.
For these reasons, the Commission finds that the proposed rule change
is consistent with Rule 17Ad-22(e)(6)(i).\20\
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    \19\ 17 CFR 240.17Ad-22(e)(6)(i).
    \20\ 17 CFR 240.17Ad-22(e)(6)(i).
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IV. Conclusion

    On the basis of the foregoing, the Commission finds that the
proposed rule change is consistent with the requirements of the Act,
and in particular, with the requirements of Section 17A(b)(3)(F) of the
Act,\21\ Rules 17Ad-22(e)(2)(i) and (v) under the Act,\22\ Rule 17Ad-
22(e)(4)(ii) under the Act,\23\ and Rule 17Ad-22(e)(6)(i) under the
Act.\24\
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    \21\ 15 U.S.C. 78q-1(b)(3)(F).
    \22\ 17 CFR 240.17Ad-22(e)(2)(i) and (v).
    \23\ 17 CFR 240.17Ad-22(e)(4)(ii).
    \24\ 17 CFR 240.17Ad-22(e)(6)(i).
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    It is therefore ordered pursuant to Section 19(b)(2) of the Act
\25\ that the proposed rule change (SR-ICC-2021-008) be, and hereby is,
approved.\26\
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    \25\ 15 U.S.C. 78s(b)(2).
    \26\ In approving the proposed rule change, the Commission
considered the proposal's impact on efficiency, competition, and
capital formation. 15 U.S.C. 78c(f).

    For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\27\
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    \27\ 17 CFR 200.30-3(a)(12).
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J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2021-10840 Filed 5-21-21; 8:45 am]
BILLING CODE 8011-01-P


[Federal Register Volume 86, Number 132 (Wednesday, July 14, 2021)]
[Notices]
[Pages 37202-37204]
[FR Doc No: 2021-14900]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-92351; File No. SR-MIAX-2021-27]

Self-Regulatory Organizations; Miami International Securities
Exchange, LLC; Notice of Filing and Immediate Effectiveness of a
Proposed Rule Change To Amend the MIAX Options Fee Schedule To Remove
References and Fees Associated With the 10Gb Fiber Connection

July 8, 2021.
    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 June 28, 2021, Miami International Securities Exchange, LLC (``MIAX
Options'' or ``Exchange'') filed with the Securities and Exchange
Commission (``Commission'') a proposed rule change as described in
Items I, II, and III below, which Items have been prepared by the
Exchange. 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\ 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 is filing a proposal to amend the MIAX Options Fee
Schedule (the ``Fee Schedule'') to remove text pertaining to 10 gigabit
(``Gb'') connectivity that will no longer be offered by the Exchange
and the corresponding fees for those services.
    The text of the proposed rule change is available on the Exchange's
website at http://www.miaxoptions.com/rule-filings/ at MIAX Options'
principal office, 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 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 to remove
references and fees for the 10Gb fiber connection for Members \3\ and
non-Members. The Exchange will cease offering 10Gb connectivity as of
July 1, 2021. The Exchange will continue to offer 10Gb ultra-low
latency (``ULL'') connectivity.
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    \3\ The term ``Member'' means an individual or organization
approved to exercise the trading rights associated with a Trading
Permit. Members are deemed ``members'' under the Exchange Act. See
Exchange Rule 100.
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    The Exchange currently offers various bandwidth alternatives for
connectivity to the Exchange, including its primary

and secondary facilities. These connectivity offerings consist of a 1Gb
fiber connection, a 10Gb fiber connection, and a 10Gb ULL fiber
connection. The Exchange's MIAX Express Network Interconnect (``MENI'')
can be configured to provide Members and non-Members of the Exchange
network connectivity to the trading platforms, market data systems,
test systems, and disaster recovery facilities of both the Exchange and
its affiliate, MIAX PEARL, LLC (``MIAX Pearl''), via a single, shared
connection.
    On February 4, 2021, the Exchange issued a notice that MIAX and
MIAX Pearl would decommission the 10Gb fiber connection in June
2021.\4\ This means that all Members and non-Members utilizing the 10Gb
fiber connection would have to migrate their connections to either the
1Gb fiber connection or the 10Gb ULL fiber connection. Members and non-
Members utilizing the 10Gb fiber connection could perform the migration
from April 12, 2021 until June 30, 2021.
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    \4\ See https://www.miaxoptions.com/alerts/2021/02/04/miax-options-and-miax-pearl-options-deprecation-10g-ll-infrastructure-and. The Exchanged issued two subsequent alerts on March 4, 2021 and
March 29, 2021 reminding market participants of its intent to
decommission 10 Gb connectivity in June 2021. See https://www.miaxoptions.com/alerts/2021/03/04/miax-options-and-miax-pearl-options-reminder-and-updates-deprecation-10g-ll and https://www.miaxoptions.com/alerts/2021/03/29/miax-options-and-miax-pearl-options-3rd-reminder-deprecation-10g-ll.
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    The Exchange now proposes to amend the Fee Schedule to remove
references and fees associated with the 10Gb fiber connection. The
Exchange proposes to remove the references to the 10Gb fiber connection
from the tables in Sections (4)(c)-(d) of the Fee Schedule, which are
related to Member and non-Member network connectivity testing and
certification fees. The Exchange will continue to offer the 10 Gb ULL
connection and does not propose to amend the fees for Member and non-
Member network connectivity testing and certification. The Exchange
also proposes to amend the tables in Sections (5)(a)-(b) of the Fee
Schedule, related to Member and non-Member monthly network connectivity
fees, to remove the fee columns for the 10Gb fiber connection.
2. Statutory Basis
    The Exchange believes that its proposal to amend its Fee Schedule
is consistent with Section 6(b) of the Act \5\ in general, and furthers
the objectives of Section 6(b)(4) of the Act \6\ in particular, in that
it is an equitable allocation of reasonable fees and other charges
among its members and issuers and other persons using its facilities.
The Exchange also believes the proposal furthers the objectives of
Section 6(b)(5) of the Act in that it is designed to promote just and
equitable principles of trade, 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 and is not
designed to permit unfair discrimination between customers, issuers,
brokers and dealers.
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    \5\ 15 U.S.C. 78f(b).
    \6\ 15 U.S.C. 78f(b)(4) and (5).
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    The Exchange believes the elimination of the 10Gb fiber connection
fee and related rule text is reasonable because the Exchange will no
longer offer this functionality as of July 1, 2021, thus making the
fees irrelevant going forward. The Exchange notes that, because the
10Gb fiber connection is outdated technology and that Members and non-
Members have other connectivity options, the Exchange planned to phase
out this connectivity service in its entirety on or before July 1,
2021.\7\
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    \7\ See supra note 4.
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    The Exchange believes the proposed change is reasonable, equitably
allocated and not unfairly discriminatory because the Exchange has
experienced a steady decrease in the number of Members and non-Members
that purchase the 10Gb connection over the past few years since the
10Gb ULL connection became available in October 2015.\8\ Further, as a
consequence of more firms choosing to purchase the 10Gb ULL connection
over the 10Gb connection, the Exchange believes that, if it did not
decommission the 10Gb connections, it would be unable to provide the
current level of support to those firms that have such connections. The
Exchange notes that from the time the Exchange initially issued its
notice that it would decommission the 10Gb connection to now, 11
Members and 2 non-Members migrated their 10Gb connections to 10Gb ULL
connections.\9\ The Exchange also believes the proposed changes are
reasonable as the Exchange provided Members and non-Members six months'
notice that the Exchange planned to make these changes. During that
time, Members and non-Members had the ability to make the business
decision to: (1) Switch to the Exchange's 1Gb or 10Gb ULL connections;
(2) access the Exchange through another Exchange Member as a Sponsored
User; \10\ or (3) no longer access the Exchange. Market participants
can also choose from 15 competing options markets. In the event that a
market participant views the Exchange's connectivity and access fees as
more or less attractive than competing markets, that market participant
can choose to connect to the Exchange indirectly or may choose not to
connect to the Exchange and connect instead to one or more of the other
15 options markets.
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    \8\ See Securities Exchange Act Release No. 75986 (September 25,
2015), 80 FR 59204 (October 1, 2015) (SR-MIAX-2015-55).
    \9\ The Exchange notes that no Member or non-Member transferred
from the 10Gb connection to a 1Gb connection and no Member or non-
Member disconnected from the Exchange.
    \10\ See Exchange Rule 210.
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    Further, the Exchange notes that there is no regulatory or legal
requirement for any Member or non-Member to connect to the Exchange. It
is a business decision of each Member and non-Member whether to connect
to the Exchange and, if so, whether to connect via 1Gb, 10Gb, or 10Gb
ULL connection. The Exchange believes the proposed rule change to
remove the fees and rule text related to the 10Gb fiber connection is
reasonable as the Exchange has observed a minimal amount of Members and
non-Members utilize the 10Gb fiber connection and, therefore, the
continuation of this connectivity alternative does not warrant the
infrastructure and ongoing Systems maintenance required to support this
connectivity alternative. The Exchange notes that its affiliate, MIAX
Emerald, LLC (``MIAX Emerald''), never offered the 10Gb fiber
connection as a connectivity alternative. The Exchange believes that
the proposed rule change is equitable and not unfairly discriminatory
because the Exchange will no longer offer the 10Gb connection to all
Members and non-Members while continuing to offer both 1Gb and 10Gb ULL
connectivity to all.

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 changes eliminate
the fees and related rule text that apply to the 10Gb fiber connection,
which the Exchange will no longer offer as of July 1, 2021. As noted
above, while there are a very small number of Members and non-Members
that utilized the 10Gb fiber connection, Members and non-Members are
not required to utilize this connectivity alternative. As discussed
above, decommissioning of the 10Gb connection should have minimal to no
impact on Members and non-Members

as those Members that utilize a 10Gb connection have other means to
access the Exchange, either by to transitioning to the 1Gb or 10Gb ULL
connection, or access the Exchange through a Sponsored User.
Accordingly, the Exchange does not believe that its proposal imposes
any burden on intra-market competition, or places certain market
participants at a relative disadvantage compared to other market
participants.
    In terms of inter-market competition, the Exchange notes that it
operates in a highly competitive market in which market participants
can readily favor competing venues if they deem fee levels at a
particular venue to be excessive, or rebate opportunities available at
other venues to be more favorable. In such an environment, the Exchange
must continually adjust its fees to remain competitive with other
exchanges. Because competitors are free to modify their own fees in
response, the Exchange believes that the degree to which fee changes in
this market may impose any burden on competition is extremely limited.

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

    Because the foregoing proposed rule change does not: (i)
Significantly affect the protection of investors or the public
interest; (ii) impose any significant burden on competition; and (iii)
become operative for 30 days after the date of the filing, or such
shorter time as the Commission may designate, it has become effective
pursuant to 19(b)(3)(A) of the Act \11\ and Rule 19b-4(f)(6) \12\
thereunder.
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    \11\ 15 U.S.C. 78s(b)(3)(A).
    \12\ 17 CFR 240.19b-4(f)(6). In addition, Rule 19b-4(f)(6)
requires a self-regulatory organization to give the Commission
written notice of its intent to file the proposed rule change at
least five business days prior to the date of filing of the proposed
rule change, or such shorter time as designated by the Commission.
The Exchange has satisfied this requirement.
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    At any time within 60 days of the filing of the 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 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-MIAX-2021-27 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-MIAX-2021-27. 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 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-MIAX-2021-27 and should be submitted on
or before August 4, 2021.
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    \13\ 17 CFR 200.30-3(a)(12).

    For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\13\
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2021-14900 Filed 7-13-21; 8:45 am]
BILLING CODE 8011-01-P