[Federal Register Volume 82, Number 64 (Wednesday, April 5, 2017)]
[Notices]
[Pages 16617-16620]
[FR Doc No: 2017-06677]

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DEPARTMENT OF HOMELAND SECURITY

Federal Emergency Management Agency

[Docket ID FEMA-2017-0002]

Changes in Flood Hazard Determinations

AGENCY: Federal Emergency Management Agency, DHS.

ACTION: Final Notice.

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SUMMARY: New or modified Base (1-percent annual chance) Flood
Elevations (BFEs), base flood depths, Special Flood Hazard Area (SFHA)
boundaries or zone designations, and/or regulatory floodways
(hereinafter referred to as flood hazard determinations) as shown on
the indicated Letter of Map Revision (LOMR) for each of the communities
listed in the table below are finalized. Each LOMR revises the Flood
Insurance Rate Maps (FIRMs), and in some cases the Flood Insurance
Study (FIS) reports, currently in effect for the listed communities.
The flood hazard determinations modified by each LOMR will be used to
calculate flood insurance premium rates for new buildings and their
contents.

DATES: The effective date for each LOMR is indicated in the table
below.

ADDRESSES: Each LOMR is available for inspection at both the respective
Community Map Repository address listed in the table below and online
through the FEMA Map Service Center at www.msc.fema.gov.

FOR FURTHER INFORMATION CONTACT: Rick Sacbibit, Chief, Engineering
Services Branch, Federal Insurance and Mitigation Administration, FEMA,
400 C Street SW., Washington, DC 20472,<PHONE_NUMBER>, or (email)
<EMAIL_ADDRESS>or visit the FEMA Map Information
eXchange (FMIX) online at www.floodmaps.fema.gov/fhm/fmx_main.html.

SUPPLEMENTARY INFORMATION: The Federal Emergency Management Agency
(FEMA) makes the final flood hazard determinations as shown in the
LOMRs for each community listed in the table below. Notice of these
modified flood hazard determinations has been published in newspapers
of local circulation and 90 days have elapsed since that publication.
The Deputy Associate Administrator for Insurance and Mitigation has
resolved any appeals resulting from this notification.
    The modified flood hazard determinations are made pursuant to
section 206 of the Flood Disaster Protection Act of 1973, 42 U.S.C.
4105, and are in accordance with the National Flood Insurance Act of
1968, 42 U.S.C. 4001 et seq., and with 44 CFR part 65.
    For rating purposes, the currently effective community number is
shown and must be used for all new policies and renewals.

    The new or modified flood hazard information is the basis for the
floodplain management measures that the community is required either to
adopt or to show evidence of being already in effect in order to remain
qualified for participation in the National Flood Insurance Program
(NFIP).
    This new or modified flood hazard information, together with the
floodplain management criteria required by 44 CFR 60.3, are the minimum
that are required. They should not be construed to mean that the
community must change any existing ordinances that are more stringent
in their floodplain management requirements. The community may at any
time enact stricter requirements of its own or pursuant to policies
established by other Federal, State, or regional entities.
    This new or modified flood hazard determinations are used to meet
the floodplain management requirements of the NFIP and also are used to
calculate the appropriate flood insurance premium rates for new
buildings, and for the contents in those buildings. The changes in
flood hazard determinations are in accordance with 44 CFR 65.4.
    Interested lessees and owners of real property are encouraged to
review the final flood hazard information available at the address
cited below for each community or online through the FEMA Map Service
Center at www.msc.fema.gov.

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

    Dated: March 21, 2017.
Roy E. Wright,
Deputy Associate Administrator for Insurance and Mitigation, Department
of Homeland Security, Federal Emergency Management Agency.

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                                                 Chief executive
       State and county          Location and       officer of     Community map    Effective date    Community
                                   case No.         community        repository     of modification      No.
----------------------------------------------------------------------------------------------------------------
Arkansas:
    Crawford (FEMA Docket      City of Van       The Honorable    Public Works     Jan. 26, 201....        05005
     No.: B-1665.               Buren (16-06-     Bob Freeman,     Department,
                                1669P.            Mayor, City of   1003 Broadway
                                                  Van Buren,       Street, Van
                                                  1003 Broadway    Buren, AR
                                                  Street, Van      72956.
                                                  Buren, AR
                                                  72956.
    Crawford (FEMA Docket      Unincorporated    The Honorable    Crawford County  Jan. 26, 201....        05042
     No.: B-1665.               areas of          John Hall,       Department of
                                Crawford County   Crawford         Emergency
                                (16-06-1669P.     County Judge,    Management,
                                                  300 Main         1820 Chestnut
                                                  Street, Room     Street, Van
                                                  4, Van Buren,    Buren, AR
                                                  AR 72956.        72956.
Colorado:
    Adams (FEMA Docket No.: B- City of Thornton  The Honorable    Engineering      Feb. 10, 201....        08000
     1665.                      (16-08-0136P.     Heidi            Services
                                                  Williams,        Division,
                                                  Mayor, City of   12450
                                                  Thornton, 9500   Washington
                                                  Civic Center     Street,
                                                  Drive,           Thornton, CO
                                                  Thornton, CO     80241.
                                                  80229.
    Adams FEMA Docket No.: B-  Unincorporated    The Honorable    Adams County     Feb. 10, 201....        08000
     1665.                      areas of Adams    Steve            Development
                                County 16-08-     O'Dorisio,       and
                                0136P.            Chairman,        Engineering
                                                  Adams County     Services
                                                  Board of         Department,
                                                  Commissioners,   4430 South
                                                  4430 South       Adams County
                                                  Adams County     Parkway,
                                                  Parkway,         Brighton, CO
                                                  Brighton, CO     80601.
                                                  80601.
    Broomfield FEMA Docket     City and County   The Honorable    Engineering      Jan. 27, 201....        08507
     No.: B-1660.               of Broomfield     Randy Ahrens,    Department, 1
                                (16-08-1117P.     Mayor, City      Des Combes
                                                  and County of    Drive,
                                                  Broomfield, 1    Broomfield, CO
                                                  Des Combes       80020.
                                                  Drive,
                                                  Broomfield, CO
                                                  80020.
    Jefferson (FEMA Docket     City of Arvada    The Honorable    Engineering      Jan. 27, 201....        08507
     No.: B-1660.               (15-08-1159P.     Marc Williams,   Division, 8101
                                                  Mayor, City of   Ralston Road,
                                                  Arvada, P.O.     Arvada, CO
                                                  Box 8101,        80001.
                                                  Arvada, CO
                                                  80001.
    Jefferson (FEMA Docket     City of           The Honorable    Engineering      Feb. 17, 201....        08000
     No.: B-1665.               Westminster (16-  Herb Atchison,   Division, 4800
                                08-0792P.         Mayor, City of   West 92nd
                                                  Westminster,     Avenue,
                                                  4800 West 92nd   Westminster,
                                                  Avenue,          CO 80031.
                                                  Westminster,
                                                  CO 80031.
    Jefferson (FEMA Docket     Unincorporated    The Honorable    Jefferson        Jan. 27, 201....        08008
     No.: B-1660.               areas of          Libby Szabo,     County
                                Jefferson         Chair,           Planning and
                                County (15-08-    Jefferson        Zoning
                                1159P.            County, Board    Division, 100
                                                  of               Jefferson
                                                  Commissioners,   County
                                                  100 Jefferson    Parkway,
                                                  County           Golden, CO
                                                  Parkway,         80419.
                                                  Golden, CO
                                                  80419.
Delaware
    New Castle (FEMA Docket    Unincorporated    The Honorable    New Castle       Jan. 30, 201....        10508
     No.: B-1665.               areas of New      Thomas Gordon,   County
                                Castle County     New Castle       Department of
                                (16-03-2184P.     County           Land Use, 87
                                                  Executive, 87    Reads Way, New
                                                  Reads Way, New   Castle, DE
                                                  Castle, DE       19720.
                                                  19720.
Florida:
    Charlotte (FEMA Docket     Unincorporated    The Honorable    Charlotte        Jan. 26, 201....        12006
     No.: B-1660.               areas of          Bill Truex,      County
                                Charlotte         Chairman,        Community
                                County (16-04-    Charlotte        Development
                                6938P.            County Board     Department,
                                                  of               18400 Murdock
                                                  Commissioners,   Circle, Port
                                                  18500 Murdock    Charlotte, FL
                                                  Circle Port      33948.
                                                  Charlotte, FL
                                                  33948.
    Lake (FEMA Docket No.: B-  City of           The Honorable    City Hall, 156   Feb. 3, 201.....        12013
     1665.                      Groveland (16-    Tim Loucks,      South Lake
                                04-3023P.         Mayor, City of   Avenue,
                                                  Groveland, 156   Groveland, FL
                                                  South Lake       34736.
                                                  Avenue,
                                                  Groveland, FL
                                                  34736.
    Lake (FEMA Docket No.: B-  Unincorporated    The Honorable    Lake County      Feb. 3, 201.....        12042
     1665.                      areas of Lake     Sean Parks,      Public Works
                                County (16-04-    Chairman, Lake   Department,
                                3023P.            County Board     323 North
                                                  of               Sinclair
                                                  Commissioners,   Avenue,
                                                  315 West Main    Tavares, FL
                                                  Street,          32778.
                                                  Tavares, FL
                                                  32778.
    Lee (FEMA Docket No.: B-   City of Sanibel   The Honorable    Building         Jan. 31, 201....        12040
     1660.                      (16-04-5162P.     Kevin Ruane,     Department,
                                                  Mayor, City of   800 Dunlop
                                                  Sanibel, 800     Road, Sanibel,
                                                  Dunlop Road,     FL 33957.
                                                  Sanibel, FL
                                                  33957.
    Lee (FEMA Docket No.: B-   City of Sanibel   The Honorable    Building         Jan. 26, 201....        12040
     1660.                      (16-04-6547P.     Kevin Ruane,     Department,
                                                  Mayor, City of   800 Dunlop
                                                  Sanibel, 800     Road, Sanibel,
                                                  Dunlop Road,     FL 33957.
                                                  Sanibel, FL
                                                  33957.
    Monroe (FEMA Docket No.:   City of Key West  The Honorable    Building         Jan. 24, 201....        12016
     B-1660.                    (16-04-4726P.     Craig Cates,     Department,
                                                  Mayor, City of   3140 Flagler
                                                  Key West, P.O.   Avenue, Key
                                                  Box 1409, Key    West, FL 33040.
                                                  West, FL 33041.

    Osceola (FEMA Docket No.:  Unincorporated    The Honorable    Osceola County   Feb. 10, 201....        12018
     B-1665.                    areas of          Viviana Janer,   Development
                                Osceola County    Chair, Osceola   Review
                                (16-04-5214P.     County Board     Department, 1
                                                  of               Courthouse
                                                  Commissioners,   Square, Suite
                                                  1 Courthouse     1400,
                                                  Square, Suite    Kissimmee, FL
                                                  4700,            34741.
                                                  Kissimmee, FL
                                                  34741.
    St. Johns (FEMA Docket     Unincorporated    The Honorable    St. Johns        Jan. 31, 201....        12514
     No.: B-1665.               areas of St.      Jeb Smith,       County
                                Johns County      Chairman, St.    Building
                                (16-04-4101P.     Johns County     Services
                                                  Board of         Division, 4040
                                                  Commissioners,   Lewis
                                                  500 San          Speedway, St.
                                                  Sebastian        Augustine, FL
                                                  View, St.        32084.
                                                  Augustine, FL
                                                  32084.
    Seminole (FEMA Docket      City of Oviedo    The Honorable    Engineering      Feb. 8, 201.....        12029
     No.: B-1665.               (16-04-3084P.     Dominic          Department,
                                                  Persampiere,     400 Alexandria
                                                  Mayor, City of   Boulevard,
                                                  Oviedo, 400      Oviedo, FL
                                                  Alexandria       32765.
                                                  Boulevard,
                                                  Oviedo, FL
                                                  32765.
    Seminole (FEMA Docket      Unincorporated    The Honorable    Seminole County  Feb. 8, 201.....        12028
     No.: B-1665.               areas of          John Huran,      Development
                                Seminole,         Chairman,        Review
                                County (16-04-    Seminole         Division, 1101
                                3084P.            County Board     East 1st
                                                  of               Street,
                                                  Commissioners,   Sanford, FL
                                                  1101 East 1st    32771.
                                                  Street,
                                                  Sanford, FL
                                                  32771.
Massachusetts:
    Plymouth (FEMA Docket      Town of           The Honorable    Building         Feb. 17, 201....        25521
     No.: B-1665.               Mattapoisett      R. Tyler         Department, 16
                                (16-01-2222P.     Macallister,     Main Street,
                                                  Chairman, Town   Mattapoisett,
                                                  of               MA 02739.
                                                  Mattapoisett
                                                  Board of
                                                  Selectmen,
                                                  P.O. Box 435,
                                                  Mattapoisett,
                                                  MA 02739.
Mississippi:
    Madison (FEMA Docket No.:  City of           The Honorable    City Hall, 304   Feb. 10, 201....        28011
     B-1665.                    Ridgeland (16-    Gene McGee,      Highway 51,
                                04-1990P.         Mayor, City of   Ridgeland, MS
                                                  Ridgeland, 304   39157.
                                                  Highway 51,
                                                  Ridgeland, MS
                                                  39157.
New Mexico:
    Bernalillo (FEMA Docket    City of           The Honorable    Development and  Feb. 16, 201....        35000
     No.: B-1665.               Albuquerque (16-  Richard J.       Building
                                06-0422P.         Berry, Mayor,    Services
                                                  City of          Department,
                                                  Albuquerque,     600 2nd Street
                                                  P.O. Box 1293,   Northwest,
                                                  Albuquerque,     Albuquerque,
                                                  NM 87102.        NM 87102.
    Bernalillo (FEMA Docket    Unincorporated    The Honorable    Bernalillo       Feb. 16, 201....        35000
     No.: B-1665.               areas of          Debbie           County Public
                                Bernalillo        O'Malley,        Works
                                County (16-06-    Chair,           Division, 2400
                                0422P.            Bernalillo       Broadway
                                                  County Board     Boulevard
                                                  of               Southeast,
                                                  Commissioners,   Albuquerque,
                                                  1 Civic Plaza    NM 87102.
                                                  Northwest,
                                                  Albuquerque,
                                                  NM 87102.
North Dakota:
    Burleigh (FEMA Docket      City of Bismarck  The Honorable    City Hall, 221   Feb. 10, 201....        38014
     No.: B-1665.               (16-08-0336P.     Mike Seminary,   North 5th
                                                  Mayor, City of   Street,
                                                  Bismarck, 221    Bismarck, ND
                                                  North 5th        58506.
                                                  Street,
                                                  Bismarck, ND
                                                  58506.
Oklahoma
    Payne (FEMA Docket No.: B- City of Perkins   The Honorable    Floodplain       Jan. 27, 201....        40043
     1665.                      (16-06-2777P.     Jason            Department,
                                                  Shilling,        110 North Main
                                                  Mayor, City of   Street,
                                                  Perkins, P.O.    Perkins, OK
                                                  Box 9,           74059.
                                                  Perkins, OK
                                                  74059.
    Payne (FEMA Docket No.: B- Unincorporated    The Honorable    Payne County     Jan. 27, 201....        40049
     1665.                      areas of Payne    Kent Bradley,    Administrative
                                County (16-06-    Chairman,        Building, 315
                                2777P.            Payne County     West 6th
                                                  Board of         Street, Suite
                                                  Commissioners,   203,
                                                  506 Expo         Stillwater, OK
                                                  Circle South,    74074.
                                                  Stillwater, OK
                                                  74074.
    Pottawatomie (FEMA Docket  City of Shawnee   Mr. Justin       City Hall, 16    Feb. 15, 201....        40017
     No.: B-1665.               (16-06-2100P.     Erickson,        West 9th
                                                  Manager, City    Street,
                                                  of Shawnee,      Shawnee, OK
                                                  P.O. Box 1448,   74801.
                                                  Shawnee, OK
                                                  74801.
Pennsylvania:
    Franklin (FEMA Docket      Borough of        The Honorable    Borough Hall,    Feb. 3, 201.....        42046
     No.: B-1665.               Chambersburg      Allen B.         100 South 2nd
                                (16-03-0980P.     Coffman,         Street,
                                                  President,       Chambersburg,
                                                  Borough of       PA 17201.
                                                  Chambersburg
                                                  Council, 100
                                                  South 2nd
                                                  Street,
                                                  Chambersburg,
                                                  PA 17201.
    Montgomery (FEMA Docket    Borough of        Mr. Richard J.   Borough          Jan. 30, 201....        42094
     No.: B-1660.               Conshohocken      Manfredi,        Administration
                                (16-03-0726P.     Manager,         Building, 400
                                                  Borough of       Fayette
                                                  Conshohocken,    Street,
                                                  400 Fayette      Conshohocken,
                                                  Street,          PA 19428.
                                                  Conshohocken,
                                                  PA, 19428.
    Montgomery (FEMA Docket    Borough of West   The Honorable    Borough Hall,    Jan. 30, 201....        42071
     No.: B-1660.               Conshohocken      Joseph           112 Ford
                                (16-03-0726P.     Pignoli,         Street,
                                                  President,       Conshohocken,
                                                  Borough of       PA 19428.
                                                  West
                                                  Conshohocken
                                                  Council, 112
                                                  Ford Street,
                                                  Conshohocken,
                                                  PA 19428.
    Montgomery (FEMA Docket    Township of       Ms. Karen B.     Township Hall,   Jan. 30, 201....        42095
     No.: B-1660.               Plymouth (16-03-  Weiss,           700 Belvoir
                                0726P.            Manager,         Road, Plymouth
                                                  Township of      Meeting, PA
                                                  Plymouth, 700    19462.
                                                  Belvoir Road,
                                                  Plymouth
                                                  Meeting, PA
                                                  19462.
South Carolina:
    Charleston (FEMA Docket    City of Folly     The Honorable    Public Works     Jan. 24, 201....        45541
     No.: B-1660.               Beach (16-04-     Tim Goodwin,     Department, 21
                                6421P.            Mayor, City of   Center Street,
                                                  Folly Beach,     Folly Beach,
                                                  P.O. Box 48,     SC 29439.
                                                  Folly Beach,
                                                  SC 29439.
South Dakota:
    Aurora (FEMA Docket No.:   City of           The Honorable    City Hall, 102   Feb. 3, 201.....        46000
     B-1665.                    Plankinton (16-   Joe Staller,     South Main
                                08-0366P.         Mayor, City of   Street,
                                                  Plankinton,      Plankinton, SD
                                                  P.O. Box 517,    57368.
                                                  Plankinton, SD
                                                  57368.
    Aurora (FEMA Docket No.:   Unincorporated    The Honorable    Aurora County    Feb. 3, 201.....        46029
     B-1665.                    areas of Aurora   Jeff Sauvage,    Courthouse,
                                County (16-08-    Chairman,        401 North Main
                                0366P.            Aurora County    Street,
                                                  Commission,      Plankinton, SD
                                                  401 North Main   57368.
                                                  Street,
                                                  Plankinton, SD
                                                  57368.
Texas:

    Burnet (FEMA Docket No.:   Unincorporated    The Honorable    Burnet County    Feb. 13, 201....        48120
     B-1665.                    areas of Burnet   James Oakley,    Environmental
                                County (16-06-    Burnet County    Services
                                1135P.            Judge, 220       Department,
                                                  South Pierce     133 East
                                                  Street,          Jackson
                                                  Burnet, TX       Street,
                                                  78611.           Burnet, TX
                                                                   78611.
    Collin (FEMA Docket No.:   City of Wylie     The Honorable    City Hall, 300   Feb. 9, 201.....        48075
     B-1665.                    (16-06-0594P.     Eric Hogue,      Country Club
                                                  Mayor, City of   Road, Building
                                                  Wylie, 300       100, Wylie, TX
                                                  Country Club     75098.
                                                  Road, Building
                                                  100, Wylie, TX
                                                  75098.
    Collin (FEMA Docket No.:   Town of Prosper   The Honorable    Engineering      Feb. 16, 201....        48014
     B-1665.                    (16-06-3608P.     Ray Smith,       Services
                                                  Mayor, Town of   Department,
                                                  Prosper, P.O.    407 East 1st
                                                  Box 307,         Street,
                                                  Prosper, TX      Prosper, TX
                                                  75078.           75078.
    Fort Bend (FEMA Docket     City of Katy (16- The Honorable    Public Works     Feb. 14, 201....        48030
     No.: B-1665.               06-1376P.         Fabol R.         Department,
                                                  Hughes, Mayor,   901 Avenue C,
                                                  City of Katy,    Katy, TX 77493.
                                                  P.O. Box 617,
                                                  Katy, TX 77493.
    Fort Bend (FEMA Docket     Unincorporated    The Honorable    Fort Bend        Feb. 14, 201....        48022
     No.: B-1665.               areas of Fort     Robert Hebert,   County
                                Bend County (16-  Fort Bend        Engineering
                                06-1376P.         County Judge,    Department,
                                                  401 Jackson      301 Jackson
                                                  Street,          Street,
                                                  Richmond, TX     Richmond, TX
                                                  77469.           77469.
    Fort Bend (FEMA Docket     Willow Fork       The Honorable    AECOM, 5444      Feb. 14, 201....        48160
     No.: B-1665.               Drainage          Richard Ward,    Westheimer
                                District (16-06-  President,       Road, Suite
                                1376P.            Willow Fork      400, Houston,
                                                  Drainage         TX 77027.
                                                  District,
                                                  Board of
                                                  Directors,
                                                  3200 Southwest
                                                  Freeway, Suite
                                                  2600, Houston,
                                                  TX 7702.
    Tarrant (FEMA Docket No.:  City of Fort      The Honorable    Transportation   Jan. 26, 201....      4 48059
     B-1660.                    Worth (16-06-     Betsy Price,     and Public
                                1735P.            Mayor, City of   Works
                                                  Fort Worth,      Department,
                                                  1000             1000
                                                  Throckmorton     Throckmorton
                                                  Street, Fort     Street, Fort
                                                  Worth, TX        Worth, TX
                                                  76102.           76102.
    Williamson (FEMA Docket    Unincorporated    The Honorable    Williamson       Feb. 13, 201....        48107
     No.: B-1665.               areas of          Dan A. Gattis,   County
                                Williamson        Williamson       Department of
                                County (16-06-    County Judge,    Infrastructure
                                1135P.            710 South Main   , 3151
                                                  Street, Suite    Southeast
                                                  101,             Inner Loop,
                                                  Georgetown, TX   Suite B,
                                                  78626.           Georgetown, TX
                                                                   78626.
Virginia:
    Albemarle (FEMA Docket     Unincorporated    Mr. Thomas C.    Albemarle        Feb. 6, 201.....        51000
     No.: B-1665.               areas of          Foley,           County
                                Albemarle         Albemarle        Community
                                County (16-03-    County           Development/
                                1207P.            Executive, 401   Engineering
                                                  McIntire Road,   Department,
                                                  Charlottesvill   401 McIntire
                                                  e, VA, 22902.    Road,
                                                                   Charlottesvill
                                                                   e, VA, 22902.
    Independent City (FEMA     City of           Mr. Maurice      Neighborhood     Feb. 6, 201.....        51003
     Docket No.: B-1665.        Charlottesville   Jones,           Development
                                (16-03-1207P.     Manager, City    Services, 610
                                                  of               East Market
                                                  Charlottesvill   Street,
                                                  e, P.O. Box      Charlottesvill
                                                  911,             e, VA 22902.
                                                  Charlottesvill
                                                  e, VA 22902.
----------------------------------------------------------------------------------------------------------------

[FR Doc. 2017-06677 Filed 4-4-17; 8:45 am]
 BILLING CODE 9110-12-P


[Federal Register Volume 85, Number 240 (Monday, December 14, 2020)]
[Notices]
[Pages 80853-80854]
[FR Doc No: 2020-27389]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-90594; File No. SR-CBOE-2020-051]

Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of
Designation of a Longer Period for Commission Action on Proceedings To
Determine Whether To Approve or Disapprove a Proposed Rule Change, as
Modified by Amendment No. 1, To Amend the Automated Price Improvement
Auction Rules in Connection With Agency Order Size Requirements

December 8, 2020.
    On June 11, 2020, Cboe Exchange, Inc. (``Exchange'') filed with the
Securities and Exchange Commission (``Commission''), pursuant to
Section 19(b)(1) of the Securities Exchange Act of 1934 (``Act'') \1\
and Rule 19b-4 thereunder,\2\ a proposed rule change permitting the
Exchange to impose a maximum size requirement for an agency order
submitted into the Automated Price Improvement Mechanism (``AIM'') and
the Complex Automated Price Improvement Mechanism (``C-AIM'') in S&P
500[supreg] Index Options (``SPX''). The proposed rule change was
published for comment in the Federal Register on June 18, 2020.\3\ On
July 23, 2020, the Exchange submitted Amendment No. 1 to the proposed
rule change, which replaced and superseded the proposed rule change in
its entirety.\4\ On July 27, 2020, pursuant to Section 19(b)(2) of the
Act,\5\ the Commission designated a longer period within which to
approve the proposed rule change, disapprove the proposed rule change,
or institute proceedings to determine whether to disapprove the
proposed rule change.\6\ On August 21, 2020, the Commission published
notice of Amendment No. 1 and instituted proceedings under Section
19(b)(2)(B) of the Act \7\ to determine whether to approve or
disapprove the proposed rule change, as modified by Amendment No. 1.\8\
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Securities Exchange Act Release No. 89058 (June 12,
2020), 85 FR 36918. Comments received on the proposed rule change
are available on the Commission's website at: https://www.sec.gov/comments/sr-cboe-2020-051/srcboe2020051.htm.
    \4\ In Amendment No. 1, the Exchange: (1) Amended its proposal
to modify the proposed maximum size requirement for AIM and C-AIM
agency orders in SPX to ten contracts rather than a size determined
by the Exchange of up to 100 contracts, specify that this size
requirement would apply to all agency orders in SPX, and make
related conforming changes to its proposed rule text; and (2)
provided additional data, justification, and support for its
modified proposal. The full text of Amendment No. 1 is available on
the Commission's website at: https://www.sec.gov/comments/sr-cboe-2020-051/srcboe2020051-7470738-221292.pdf.
    \5\ 15 U.S.C. 78s(b)(2).
    \6\ See Securities Exchange Act Release No. 89399, 85 FR 46202
(July 31, 2020). The Commission designated September 16, 2020 as the
date by which the Commission shall approve or disapprove, or
institute proceedings to determine whether to disapprove, the
proposed rule change.
    \7\ 15 U.S.C. 78s(b)(2)(B).
    \8\ See Securities Exchange Act Release No. 89636, 85 FR 53029
(August 27, 2020).
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    Section 19(b)(2) of the Act \9\ provides that, after initiating
disapproval proceedings, the Commission shall issue an order approving
or disapproving the proposed rule change not later than 180 days after
the date of publication of notice of filing of the proposed rule
change. The Commission may extend the period for issuing an order
approving or disapproving the proposed rule change, however, by not
more than 60 days if the Commission determines that a longer period is
appropriate and publishes the reasons for such determination. The date
of publication of notice of filing of the proposed rule change was June
18, 2020. December 15, 2020, is 180 days from that date, and

February 13, 2021, is 240 days from that date.
---------------------------------------------------------------------------

    \9\ 15 U.S.C. 78s(b)(2).
---------------------------------------------------------------------------

    The Commission finds it appropriate to designate a longer period
within which to issue an order approving or disapproving the proposed
rule change so that it has sufficient time to consider this proposed
rule change. Accordingly, the Commission, pursuant to Section 19(b)(2)
of the Act,\10\ designates February 13, 2021, as the date by which the
Commission shall either approve or disapprove the proposed rule change,
as modified by Amendment No. 1 (File No. SR-CBOE-2020-051).
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    \10\ Id.

    For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\11\
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    \11\ 17 CFR 200.30-3(a)(57).
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J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020-27389 Filed 12-11-20; 8:45 am]
BILLING CODE 8011-01-P


[Federal Register Volume 77, Number 99 (Tuesday, May 22, 2012)]
[Notices]
[Page 30305]
[FR Doc No: 2012-12299]

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DEPARTMENT OF HOMELAND SECURITY

Federal Emergency Management Agency

[Docket ID: FEMA-2012-0020; OMB No. 1660-0009]

Agency Information Collection Activities: Submission for OMB
Review; Comment Request; The Declaration Process: Requests for Damage
Assessment, Federal Disaster Assistance, Appeals, Cost Share Adjustment

AGENCY: Federal Emergency Management Agency, DHS.

ACTION: Notice; correction.

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    On May 15, 2012, the Federal Emergency Management Agency (FEMA)
published a notice in the Federal Register at 77 FR 28615 notifying the
public that it was submitting a request for review and approval of a
collection of information under the emergency processing procedures in
Office of Management and Budget (OMB) regulation 5 CFR 1320.13.
    In that notice, FEMA stated that it was requesting that the
information collection be approved by June 1, 2012. The correct date is
actually June 14, 2012.

    Dated: May 15, 2012.
Louis William Cortesio,
Acting Director, Records Management Division, Office of the Chief
Administrative Office, Mission Support Bureau, Federal Emergency
Management Agency, Department of Homeland Security.
[FR Doc. 2012-12299 Filed 5-21-12; 8:45 am]
BILLING CODE 9111-23-P


[Federal Register Volume 76, Number 114 (Tuesday, June 14, 2011)]
[Notices]
[Pages 34781-34783]
[FR Doc No: 2011-14648]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-64633; File No. SR-NASDAQ-2011-073]

Self-Regulatory Organizations; The NASDAQ Stock Market LLC;
Notice of Filing of Proposed Rule Change To Adopt Additional Listing
Requirements for Reverse Mergers

June 8, 2011.
    Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934
(``Act''),\1\ and Rule 19b-4 thereunder,\2\ notice is hereby given that
on May 26, 2011, The NASDAQ Stock Market LLC (``Nasdaq'') filed with
the Securities and Exchange Commission (``Commission'') the proposed
rule change as described in Items I and II below, which Items have been
prepared by Nasdaq. 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 the
Substance of the Proposed Rule Change

    Nasdaq proposes to adopt additional listing requirements for a
company that has become public through a combination with a public
shell, whether through a reverse merger, exchange offer, or otherwise
(a ``Reverse Merger'').\3\ Nasdaq will implement the proposed rule for
applications received after approval.
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    \3\ This proposed rule change replaces a previous filing by
Nasdaq in order to eliminate the previously proposed exception for a
Reverse Merger that was also conducting a firm commitment,
underwritten public offering and to clarify other portions of the
original proposal. See Securities Exchange Act Release No. 64371
(April 29, 2011), 76 FR 25730 (May 5, 2011) (SR-NASDAQ-2011-056).
The Commission notes that SR-NASDAQ-2011-056 was withdrawn on May
26, 2011.
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    The text of the proposed rule change is below. Proposed new
language is in italics; proposed deletions are in [brackets].\4\
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    \4\ Changes are marked to the rule text that appears in the
electronic manual of Nasdaq found at http://nasdaqomx.cchwallstreet.com.
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5005. Definitions

    (a) The following is a list of definitions used throughout the
Nasdaq Listing Rules. This section also lists various terms together
with references to other rules where they are specifically defined.
Unless otherwise specified by the Rules, these terms shall have the
meanings set forth below. Defined terms are capitalized throughout
the Listing Rules.
    (1)--(34) No change.
    (35) ``Reverse Merger'' means any transaction whereby an
operating company becomes public by combining with a public shell,
whether through a reverse merger, exchange offer, or otherwise.
However, a Reverse Merger does not include the acquisition of an
operating company by a listed company satisfying the requirements of
IM-5101-2 or a business combination described in Rule 5110(a). In
determining whether a Company is a shell, Nasdaq will look to a
number of factors, including but not limited to: whether the Company
is considered a ``shell company'' as defined in Rule 12b-2 under the
Act; what percentage of the Company's assets are active versus
passive; whether the Company generates revenues, and if so, whether
the revenues are passively or actively generated; whether the
Company's expenses are reasonably related to the revenues being
generated; how many employees support the Company's revenue-
generating business operations; how long the Company has been
without material business operations; and whether the Company has
publicly announced a plan to begin operating activities or generate
revenues, including through a near-term acquisition or transaction.
    (36) ''Round Lot'' or ``Normal Unit of Trading'' means 100
shares of a security unless, with respect to a particular security,
Nasdaq determines that a normal unit of trading shall constitute
other than 100 shares. If a normal unit of trading is other than 100
shares, a special identifier shall be appended to the Company's
Nasdaq symbol.
    [(36)] (37) ``Round Lot Holder'' means a holder of a Normal Unit
of Trading. The number of beneficial holders will be considered in
addition to holders of record.
    [(37)] (38) ``Shareholder'' means a record or beneficial owner
of a security listed or applying to list. For purposes of the Rule
5000 Series, the term ``Shareholder'' includes, for example, a
limited partner, the owner of a depository receipt, or unit.
    [(38)] (39) ``Substantial Shareholder'' is defined in Rule
5635(e)(3).
    [(39)] (40) ``Substitution Listing Event'' means: a reverse
stock split, re-incorporation or a change in the Company's place of
organization, the formation of a holding company that replaces a
listed Company, reclassification or exchange of a Company's listed
shares for another security, the listing of a new class of
securities in substitution for a previously-listed class of
securities, or any technical change whereby the Shareholders of the
original Company receive a share-for-share interest in the new
Company without any change in their equity position or rights.
    [(40)] (41) ``Total Holders'' means holders of a security that
includes both beneficial holders and holders of record.

5110. Change of Control, Bankruptcy and Liquidation, and Reverse
Mergers

    (a)-(b) No change
    (c) Reverse Mergers
    A Company that is formed by a Reverse Merger shall be eligible
to submit an application for initial listing only if the combined
entity has, immediately preceding the filing of the initial listing
application: (i) traded for at least six months in the U.S. over-
the-counter market, on another national securities exchange, or on a
foreign exchange, following the filing with the Commission or Other
Regulatory Authority of all required information about the
transaction, including audited financial statements for the combined
entity; and (ii) maintained a Bid Price of $4 per share or higher on
at least 30 of the most recent 60 trading days.
    In addition, such a Company may only be approved for listing if,
at the time of approval, it has timely filed: (i) in the case of a
domestic issuer, its most recent two required periodic financial
reports with the Commission or Other Regulatory Authority (Forms 10-
Q or 10-K) containing at least six months of information about the
combined entity; or (ii) in the case of a Foreign Private

Issuer, comparable information as described in (i) above on Forms 6-
K, 20-F or 40-F. In the case of a Foreign Private Issuer, a Form 6-K
would be considered timely if, consistent with Rule 5250(c)(2), it
includes an interim balance sheet and income statement, which must
be presented in English, and is filed no later than six months
following the end of the applicable quarter.
* * * * *

5210. Prerequisites for Applying to List on The Nasdaq Stock Market

    (a)-(h) No change
    (i) Reverse Mergers
    A security issued by a Company formed through a Reverse Merger
shall be eligible for initial listing only if the conditions set
forth in Rule 5110(c) are satisfied.
* * * * *

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

    In its filing with the Commission, Nasdaq 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. Nasdaq 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
    In recent months there has been an extraordinary level of public
attention to listed companies that went public via a Reverse Merger,
where an unlisted operating company becomes a public company by merging
with a public shell.\5\ The financial press, short sellers and others
have raised allegations of widespread fraudulent behavior by these
companies, leading to concerns that their financial statements cannot
be relied upon. Concerns have also been raised that certain individuals
who aggressively promote these transactions have significant regulatory
histories or have engaged in transactions that are disproportionately
beneficial to them at the expense of public shareholders. The Public
Company Accounting Oversight Board (``PCAOB'') has also identified
issues with the audits of these companies and, in response, has issued
Staff Audit Practice Alert No. 6/July 12, 2010 and Staff Research Note
2011-P1/March 2011, cautioning registered accounting firms to
follow certain specified auditing practices. The SEC recently took an
enforcement action based on a firm's audit of a Reverse Merger
company.\6\ In addition, Nasdaq is aware of situations where it
appeared that promoters and others intended to manipulate prices higher
to satisfy Nasdaq's initial listing bid price requirement and where
companies have, for example, gifted stock to artificially satisfy the
300 round lot public holder requirement. Nasdaq does not list companies
in instances such as these, where it appears the company has achieved
compliance with a requirement in an inappropriate manner.
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    \5\ See, e.g., Beware This Chinese Export, Barron's (August 28,
2010), available at http://online.barrons.com/article/SB50001424052970204304404575449812943183940.html. See also Speech by
SEC Commissioner by Commissioner Luis A. Aguilar: Facilitating Real
Capital Formation (April 4, 2011), available at http://www.sec.gov/news/speech/2011/spch040411laa.htm.
    \6\ In re Moore Stephens Wurth Frazer and Torbet, Order
Instituting Public Administrative and Cease-and-Desist Proceedings,
Securities Act Release No. 9166 (December 20, 2010).
---------------------------------------------------------------------------

    In response to these concerns, Nasdaq staff has, over the past
year, adopted heightened review procedures for Reverse Merger
applicants. However, Nasdaq also believes that additional requirements
for listing Reverse Merger companies are appropriate to discourage
inappropriate behavior on the part of companies, promoters and others.
Accordingly, Nasdaq proposes to adopt certain ``seasoning''
requirements for Reverse Mergers.\7\
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    \7\ Even if a company meets these proposed new requirements,
Nasdaq could still deny listing based on the authority described in
Rule 5101 to apply additional or more stringent criteria in order to
maintain the quality of and public confidence in the market, to
prevent fraudulent and manipulative acts and practices, to promote
just and equitable principles of trade, and to protect investors and
the public interest.
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    Specifically, Nasdaq proposes to prohibit a company going public by
combining with a public shell \8\ from applying to list until six
months after the combined entity submits all required information about
the transaction, including audited financial statements, to the SEC.\9\
Further, Nasdaq proposes to require that the company maintain a $4 bid
price on at least 30 of the 60 trading days immediately prior to
submitting the application. Finally, under the proposed rule, Nasdaq
would not approve any Reverse Merger for listing unless the company has
timely filed its two most recent financial reports with the SEC if it
is a domestic issuer (this could be two quarterly filings or a
quarterly and an annual filing) or comparable information if it is a
foreign private issuer.\10\ While most companies will satisfy this
requirement due to the six month delay before they can apply, Nasdaq
believes that it is important to assure that this requirement be
satisfied in all cases.
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    \8\ For purposes of this rule, Nasdaq will treat as a
combination any transaction whereby an operating company becomes
public by combining with a public shell, whether through a reverse
merger, exchange offer, or otherwise. However, a Reverse Merger does
not include the acquisition of an operating company by a listed
company satisfying the requirements of IM-5101-2 (relating to
companies whose business plan is to complete one or more
acquisitions) or a business combination described in Rule 5110(a)
(relating to a listed company that combines with a non-Nasdaq
entity, resulting in a change of control of the Company and
potentially allowing the non-Nasdaq entity to obtain a Nasdaq
Listing, sometimes called a ``back-door listing''). In these cases,
FINRA is already reviewing the trading of the listed security and
Nasdaq is already reviewing the company and the individuals
associated with it. Additionally, Nasdaq rules require that the
company re-apply for initial listing and during that process Nasdaq
would review any newly associated individuals as well as the
financial information of the combined company. A Reverse Merger
would also not include a Substitution Listing Event, as defined in
Rule 5005(a)(39) (proposed to be renumbered as Rule 5005(a)(40),
such as the formation of a holding company to replace the listed
company or a merger to facilitate a re-incorporation, because in
these cases the operating company is already a listed entity.
    \9\ A company must file a Form 8-K within four days of
completing a reverse merger. The Form 8-K must contain audited
financial statements and information comparable to the information
provided in a Form 10 for the registration of securities. See Form
8-K Items 2.01, 5.06, and 9.01(c). This six month period would not
begin to run until the complete Form 8-K, meeting the Commission's
requirements, is filed.
    \10\ Nasdaq's experience has been that Reverse Merger's
typically involve domestic shells. However, in the event that the
Reverse Merger involves a shell that is a foreign private issuer,
the combined entity would have to timely file financial reports for
the most recent annual period, or a more recent six-month period.
These reports would have to reflect at least six months of
information about the post-merger entity and could be an interim
report on Form 6-K or an annual report on Forms 20-F or 40-F. A Form
6-K would be considered timely if, consistent with Rule 5250(c)(2),
it includes an interim balance sheet and income statement, which
must be presented in English, no later than six months following the
end of the applicable quarter.
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    Nasdaq believes that this proposal will result in significant
investor protection benefits. Specifically, a six month seasoning
requirement will allow the Financial Industry Regulatory Authority,
Inc. (``FINRA'') and other regulators more time to view trading
patterns and uncover potentially manipulative trading.\11\ It will also
result in a more bona fide shareholder base and assure that the $4 bid
price was not satisfied through a quick manipulative scheme. Requiring
additional SEC filings will tend to improve the reliability of the
reported

financial results, since the auditors will have reviewed several
quarters, at least, of the public company's operating results, as will
the company's audit committee. To the extent the company had adopted
new internal controls at the time of the merger, those too will have
been in place and able to exert a corrective influence over any
previous flaws in the company's financial reporting process.
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    \11\ FINRA reviews trading of companies trading in the over-the-
counter market in the United States. Foreign regulators and other
exchanges would similarly have more time to review trading for other
companies.
---------------------------------------------------------------------------

2. Statutory Basis
    Nasdaq believes that the proposed rule change is consistent with
the provisions of Section 6 of the Act,\12\ in general and with Section
6(b)(5) of the Act,\13\ in particular in that it is designed to prevent
fraudulent and manipulative acts and practices, to promote just and
equitable principles of trade, to foster cooperation and coordination
with persons engaged in 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 proposed rule change is
designed to enhance investor protection by imposing additional
requirements on a category of companies that have raised regulatory
concerns.
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    \12\ 15 U.S.C. 78f.
    \13\ 15 U.S.C. 78f(b)(5).
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B. Self-Regulatory Organization's Statement on Burden on Competition

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

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

    Within 45 days of the date of publication of this notice in the
Federal Register or within such longer period (i) as the Commission may
designate up to 90 days of such date if it finds such longer period to
be appropriate and publishes its reasons for so finding or (ii) as to
which the self-regulatory organization consents, the Commission will:
    A. By order approve or disapprove such proposed rule change, or
    B. Institute proceedings to determine whether the proposed rule
change should be 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, as amended, 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 e-mail to<EMAIL_ADDRESS>Please include
File Number SR-NASDAQ-2011-073 on the subject line.

Paper Comments

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

All submissions should refer to File Number SR-NASDAQ-2011-073. 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 Web site
viewing and printing in the Commission's Public Reference Room on
official business days between the hours of 10 a.m. and 3 p.m. Copies
of such filing also will be available for inspection and copying at the
principal office of Nasdaq. 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-NASDAQ-2011-073, and should be submitted on or before
July 5, 2011.

    For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\14\
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    \14\ 17 CFR 200.30-3(a)(12).
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Cathy H. Ahn,
Deputy Secretary.
[FR Doc. 2011-14648 Filed 6-13-11; 8:45 am]
BILLING CODE 8011-01-P