[Federal Register Volume 82, Number 196 (Thursday, October 12, 2017)]
[Notices]
[Pages 47557-47559]
[FR Doc No: 2017-22028]

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DEPARTMENT OF HOMELAND SECURITY

Federal Emergency Management Agency

[Docket ID FEMA-2017-0002; Internal Agency Docket No. FEMA-B-1749]

Proposed Flood Hazard Determinations

AGENCY: Federal Emergency Management Agency, DHS.

ACTION: Notice.

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SUMMARY: Comments are requested on proposed flood hazard
determinations, which may include additions or modifications of any
Base Flood Elevation (BFE), base flood depth, Special Flood Hazard Area
(SFHA) boundary or zone designation, or regulatory floodway on the
Flood Insurance Rate Maps (FIRMs), and where applicable, in the
supporting Flood Insurance Study (FIS) reports for the communities
listed in the table below. The purpose of this notice is to seek
general information and comment regarding the preliminary FIRM, and
where applicable, the FIS report that the Federal Emergency Management
Agency (FEMA) has provided to the affected communities. The FIRM and
FIS report are the basis of the floodplain management measures that the
community is required either to adopt or to show evidence of having in
effect in order to qualify or remain qualified for participation in the
National Flood Insurance Program (NFIP). In addition, the FIRM and FIS
report, once effective, will be used by insurance agents and others to
calculate appropriate flood insurance premium rates for new buildings
and the contents of those buildings.

DATES: Comments are to be submitted on or before January 10, 2018.

ADDRESSES: The Preliminary FIRM, and where applicable, the FIS report
for each community are available for

inspection at both the online location and the respective Community Map
Repository address listed in the tables below. Additionally, the
current effective FIRM and FIS report for each community are accessible
online through the FEMA Map Service Center at www.msc.fema.gov or
http://www.fema.gov/preliminaryfloodhazarddata for comparison.
    You may submit comments, identified by Docket No. FEMA-B-1749, to
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>
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: FEMA proposes to make flood hazard
determinations for each community listed below, in accordance with
section 110 of the Flood Disaster Protection Act of 1973, 42 U.S.C.
4104, and 44 CFR 67.4(a).
    These proposed flood hazard determinations, 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. These 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 built after the FIRM
and FIS report become effective.
    The communities affected by the flood hazard determinations are
provided in the tables below. Any request for reconsideration of the
revised flood hazard information shown on the Preliminary FIRM and FIS
report that satisfies the data requirements outlined in 44 CFR 67.6(b)
is considered an appeal. Comments unrelated to the flood hazard
determinations also will be considered before the FIRM and FIS report
become effective.
    Use of a Scientific Resolution Panel (SRP) is available to
communities in support of the appeal resolution process. SRPs are
independent panels of experts in hydrology, hydraulics, and other
pertinent sciences established to review conflicting scientific and
technical data and provide recommendations for resolution. Use of the
SRP only may be exercised after FEMA and local communities have been
engaged in a collaborative consultation process for at least 60 days
without a mutually acceptable resolution of an appeal. Additional
information regarding the SRP process can be found online at http://floodsrp.org/pdfs/srp_fact_sheet.pdf.
    The watersheds and/or communities affected are listed in the tables
below. The Preliminary FIRM, and where applicable, FIS report for each
community are available for inspection at both the online location and
the respective Community Map Repository address listed in the tables.
For communities with multiple ongoing Preliminary studies, the studies
can be identified by the unique project number and Preliminary FIRM
date listed in the tables. Additionally, the current effective FIRM and
FIS report for each community are accessible online through the FEMA
Map Service Center at www.msc.fema.gov for comparison.

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

    Dated: September 25, 2017.
Roy E. Wright,
Deputy Associate Administrator for Insurance and Mitigation, Department
of Homeland Security, Federal Emergency Management Agency.

------------------------------------------------------------------------
                                             Community map repository
               Community                             address
------------------------------------------------------------------------
              Blount County, Alabama and Incorporated Areas
------------------------------------------------------------------------
          Project: 15-04-8752S Preliminary Date: March 29, 2017
------------------------------------------------------------------------
City of Oneonta........................  City Hall, 202 3rd Avenue East,
                                          Oneonta, AL 35121.
Town of Altoona........................  Town Hall, 2844 Main Street,
                                          Altoona, AL 35952.
Town of Cleveland......................  Town Hall, 62732 U.S. Highway
                                          231, Cleveland, AL 35049.
Town of Highland Lake..................  Town Hall, 612 Lakeshore Drive,
                                          Highland Lake, AL 35121.
Town of Locust Fork....................  Town Hall, 34 Town Hall Road,
                                          Locust Fork, AL 35097.
Town of Nectar.........................  Nectar Town Hall, 14795 State
                                          Highway 160, Cleveland, AL
                                          35049.
Town of Rosa...........................  Rosa Town Hall, 35 Waterton
                                          Drive, Oneonta, AL 35121.
Town of Snead..........................  Town Hall, 87169 U.S. Highway
                                          278, Snead, AL 35952.
Town of Susan Moore....................  Susan Moore Town Hall, 39989
                                          State Highway 75, Altoona, AL
                                          35952.
Unincorporated Areas of Blount County..  Blount County Engineering
                                          Department, 6454 2nd Avenue
                                          West, Oneonta, AL 35121.
------------------------------------------------------------------------
              Etowah County, Alabama and Incorporated Areas
------------------------------------------------------------------------
          Project: 15-04-8752S Preliminary Date: March 29, 2017
------------------------------------------------------------------------
Town of Altoona........................  Town Hall, 2844 Main Street,
                                          Altoona, AL 35952.
Town of Walnut Grove...................  Town Hall, 4012 Gadsden
                                          Blountsville Road, Walnut
                                          Grove, AL 35990.
Unincorporated Areas of Etowah County..  Etowah County Engineer's
                                          Office, 402 Tuscaloosa Avenue,
                                          Gadsden, AL 35901.
------------------------------------------------------------------------
            Jefferson County, Alabama and Incorporated Areas
------------------------------------------------------------------------
          Project: 15-04-8752S Preliminary Date: March 29, 2017
------------------------------------------------------------------------
City of Adamsville.....................  City Hall, 4828 Main Street,
                                          Adamsville, AL 35005.

City of Birmingham.....................  Department of Planning,
                                          Engineering, and Permits, 710
                                          North 20th Street, 5th Floor,
                                          Birmingham, AL 35203.
City of Clay...........................  Clay City Hall, 2441 Old
                                          Springville Road, Birmingham,
                                          AL 35215.
City of Fultondale.....................  Business License, Permit, and
                                          Inspections Department, 1015
                                          Old Walker Chapel Road,
                                          Fultondale, AL 35068.
City of Gardendale.....................  Inspections Services
                                          Department, 925 Main Street,
                                          Gardendale, AL 35071.
City of Graysville.....................  City Hall, 246 South Main
                                          Street, Graysville, AL 35073.
City of Kimberly.......................  City Hall, 9256 Stouts Road,
                                          Kimberly, AL 35091.
City of Pinson.........................  City Hall, 4410 Main Street,
                                          Pinson, AL 35126.
City of Sumiton........................  City Hall, 416 State Street,
                                          Sumiton, AL 35148.
City of Tarrant........................  City Hall, 1604 Pinson Valley
                                          Parkway, Tarrant, AL 35217.
City of Warrior........................  City Hall, 215 Main Street
                                          North, Warrior, AL 35180.
Town of Brookside......................  Town Hall, 2711 Municipal Lane,
                                          Brookside, AL 35036.
Town of Cardiff........................  Jefferson County Land
                                          Development Office, 716
                                          Richard Arrington Jr.
                                          Boulevard North, Room 260,
                                          Birmingham, AL 35203.
Town of Maytown........................  Maytown Town Hall, 4509 Town
                                          Hall Drive, Mulga, AL 35118.
Town of Morris.........................  Town Hall, 8304 Stouts Road,
                                          Morris, AL 35116.
Town of Mulga..........................  Town Hall, 505 Mulga Loop Road,
                                          Mulga, AL 35118.
Town of Sylvan Springs.................  Town Hall, 100 Rock Creek Road,
                                          Sylvan Springs, AL 35118.
Town of Trafford.......................  Town Hall, 9239 East Commercial
                                          Avenue, Trafford, AL 35172.
Town of West Jefferson.................  West Jefferson Town Hall, 7000
                                          West Jefferson Road, Quinton,
                                          AL 35130.
Unincorporated Areas of Jefferson        Jefferson County Land
 County.                                  Development Office, 716
                                          Richard Arrington Jr.
                                          Boulevard North, Room 260,
                                          Birmingham, AL 35203.
------------------------------------------------------------------------
             Marshall County, Alabama and Incorporated Areas
------------------------------------------------------------------------
          Project: 15-04-8752S Preliminary Date: March 29, 2017
------------------------------------------------------------------------
City of Albertville....................  City Hall, 116 West Main
                                          Street, Albertville, AL 35950.
City of Boaz...........................  City Hall, 112 North Broad
                                          Street, Boaz, AL 35957.
Town of Douglas........................  Town Hall, 55 Alabama Highway
                                          168, Douglas, AL 35964.
Unincorporated Areas of Marshall County  Marshall County Engineering
                                          Department, 424 Blount Avenue,
                                          Suite A337, Guntersville, AL
                                          35976.
------------------------------------------------------------------------
           Clear Creek County, Colorado and Incorporated Areas
------------------------------------------------------------------------
         Project: 12-08-0607S Preliminary Date: February 8, 2017
------------------------------------------------------------------------
City of Idaho Springs..................  City Hall, 1711 Miner Street,
                                          Idaho Springs, CO 80452.
Town of Georgetown.....................  Town Hall, 404 6th Street,
                                          Georgetown, CO 80444.
Unincorporated Areas of Clear Creek      Clear Creek County Annex, 1111
 County.                                  Rose Street, Georgetown, CO
                                          80444.
------------------------------------------------------------------------
            Jefferson County, Colorado and Incorporated Areas
------------------------------------------------------------------------
         Project: 12-08-0607S Preliminary Date: February 8, 2017
------------------------------------------------------------------------
City of Arvada.........................  Engineering Department, 8101
                                          Ralston Road, Arvada, CO
                                          80002.
City of Golden.........................  Public Works Department, 1445
                                          10th Street, Golden, CO 80401.
Unincorporated Areas of Jefferson        Jefferson County Planning and
 County.                                  Zoning Division, 100 Jefferson
                                          County Parkway, Suite 3550,
                                          Golden, CO 80419.
------------------------------------------------------------------------
        Greenville County, South Carolina and Incorporated Areas
------------------------------------------------------------------------
        Project: 16-04-6906S Preliminary Date: February 28, 2017
------------------------------------------------------------------------
Unincorporated Areas of Greenville       Greenville County Floodplain
 County.                                  Management Office, 301
                                          University Ridge, Suite 4100,
                                          Greenville, SC 29601.
------------------------------------------------------------------------
          Jasper County, South Carolina and Incorporated Areas
------------------------------------------------------------------------
         Project: 07-04-0633S Preliminary Date: January 16, 2017
------------------------------------------------------------------------
City of Hardeeville....................  City Hall, 205 Main Street,
                                          Hardeeville, SC 29927.
Town of Ridgeland......................  Town Hall, 1 Town Square,
                                          Ridgeland, SC 29936.
Unincorporated Areas of Jasper County..  Jasper County Planning and
                                          Building Services, 358 3rd
                                          Avenue, Room 202, Ridgeland,
                                          SC 29936.
------------------------------------------------------------------------

[FR Doc. 2017-22028 Filed 10-11-17; 8:45 am]
 BILLING CODE 9110-12-P


[Federal Register Volume 84, Number 118 (Wednesday, June 19, 2019)]
[Notices]
[Pages 28573-28574]
[FR Doc No: 2019-12928]

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DEPARTMENT OF HOMELAND SECURITY

Federal Emergency Management Agency

[Docket ID FEMA-2019-0001; Internal Agency Docket No. FEMA-4433-DR]

Guam; Major Disaster and Related Determinations

AGENCY: Federal Emergency Management Agency, DHS.

ACTION: Notice.

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SUMMARY: This is a notice of the Presidential declaration of a major
disaster for the territory of Guam (FEMA-4433-DR), dated May 7, 2019,
and related determinations.

DATES: The declaration was issued May 7, 2019.

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

SUPPLEMENTARY INFORMATION: Notice is hereby given that, in a letter
dated May 7, 2019, the President issued a major disaster declaration
under the authority of the Robert T. Stafford Disaster Relief and
Emergency Assistance Act, 42 U.S.C. 5121 et seq. (the ``Stafford
Act''), as follows:

    I have determined that the damage in certain areas of the
territory of Guam resulting from Typhoon Wutip during the period of
February 23 to February 25, 2019, is of sufficient severity and
magnitude to warrant a major disaster declaration under the Robert
T. Stafford Disaster Relief and Emergency Assistance Act, 42 U.S.C.
5121 et seq. (the ``Stafford Act''). Therefore, I declare that such
a major disaster exists in the territory of Guam.
    In order to provide Federal assistance, you are hereby
authorized to allocate from funds available for these purposes such
amounts as you find necessary for Federal disaster assistance and
administrative expenses.
    You are authorized to provide Public Assistance in the
designated areas and Hazard Mitigation throughout the territory.
Consistent with the requirement that Federal assistance be
supplemental, any Federal funds provided under the Stafford Act for
Hazard Mitigation will be limited to 75 percent of the total
eligible costs. Federal funds provided under the Stafford Act for
Public Assistance also will be limited to 75 percent of the total
eligible costs, with the exception of projects that meet the
eligibility criteria for a higher Federal cost-sharing percentage
under the Public Assistance Alternative Procedures Pilot Program for
Debris Removal implemented pursuant to section 428 of the Stafford
Act.
    Further, you are authorized to make changes to this declaration
for the approved assistance to the extent allowable under the
Stafford Act.

    The Federal Emergency Management Agency (FEMA) hereby gives notice
that pursuant to the authority vested in the Administrator, under
Executive Order 12148, as amended, Tracy A. Haynes, of FEMA is
appointed to act as the Federal Coordinating Officer for this major
disaster.
    The following areas of the territory of Guam have been designated
as adversely affected by this major disaster:

    The territory of Guam for Public Assistance.
    All areas within the territory of Guam are eligible for
assistance under the Hazard Mitigation Grant Program.

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

Pete Gaynor,
Acting Administrator, Federal Emergency Management Agency.
[FR Doc. 2019-12928 Filed 6-18-19; 8:45 am]
BILLING CODE 9111-23-P


[Federal Register Volume 83, Number 37 (Friday, February 23, 2018)]
[Proposed Rules]
[Pages 8017-8019]
[FR Doc No: 2018-03598]

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DEPARTMENT OF TRANSPORTATION

Federal Aviation Administration

14 CFR Part 39

[Docket No. FAA-2018-0114; Product Identifier 2017-NM-167-AD]
RIN 2120-AA64

Airworthiness Directives; The Boeing Company Airplanes

AGENCY: Federal Aviation Administration (FAA), DOT.

ACTION: Notice of proposed rulemaking (NPRM).

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SUMMARY: We propose to adopt a new airworthiness directive (AD) for The
Boeing Company Model 787 series airplanes powered by Rolls Royce Trent
1000 engines. This proposed AD was prompted by a report of failures of
the inner fixed structure (IFS) forward upper fire seal and damage to
thermal insulation blankets in the forward upper area of the thrust
reverser (TR). This proposed AD would require an inspection to
determine the part number of the IFS forward upper fire seal, and
applicable on-condition actions. We are proposing this AD to address
the unsafe condition on these products.

DATES: We must receive comments on this proposed AD by April 9, 2018.

ADDRESSES: You may send comments, using the procedures found in 14 CFR
11.43 and 11.45, by any of the following methods:
     Federal eRulemaking Portal: Go to http://www.regulations.gov. Follow the instructions for submitting comments.
     Fax:<PHONE_NUMBER>.
     Mail: U.S. Department of Transportation, Docket
Operations, M-30, West Building Ground Floor, Room W12-140, 1200 New
Jersey Avenue SE, Washington, DC 20590.
     Hand Delivery: Deliver to Mail address above between 9
a.m. and 5 p.m., Monday through Friday, except Federal holidays.
    For service information identified in this NPRM, contact Boeing
Commercial Airplanes, Attention: Contractual & Data Services (C&DS),
2600 Westminster Blvd., MC 110-SK57, Seal Beach, CA 90740-5600;
telephone<PHONE_NUMBER>; internet https://www.myboeingfleet.com. You may
view this referenced service information at the FAA, Transport
Standards Branch, 2200 South 216th St., Des Moines, WA. For information
on the availability of this material at the FAA, call<PHONE_NUMBER>. It
is also available on the internet at http://www.regulations.gov by
searching for and locating Docket No. FAA-2018-0114.

Examining the AD Docket

    You may examine the AD docket on the internet at http://www.regulations.gov by searching for and locating Docket No. FAA-2018-
0114; or in person at the Docket Management Facility between 9 a.m. and
5 p.m., Monday through Friday, except Federal holidays. The AD docket
contains this NPRM, the regulatory evaluation, any comments received,
and other information. The street address for the Docket Office (phone:
800-647-5527) is in the ADDRESSES section. Comments will be available
in the AD docket shortly after receipt.

FOR FURTHER INFORMATION CONTACT: Tak Kobayashi, Aerospace Engineer,
Propulsion Section, FAA, Seattle ACO Branch, 2200 South 216th St., Des
Moines, WA; phone:<PHONE_NUMBER>; email: [email protected].

SUPPLEMENTARY INFORMATION:

Comments Invited

    We invite you to send any written relevant data, views, or
arguments about this proposal. Send your comments to an address listed
under the ADDRESSES section. Include ``Docket No. FAA-2018-0114;
Product Identifier 2017-NM-167-AD'' at the beginning of your comments.
We specifically invite comments on the overall regulatory, economic,
environmental, and energy aspects of this NPRM. We will consider all
comments received by the closing date and may amend this NPRM because
of those comments.
    We will post all comments we receive, without change, to http://www.regulations.gov, including any personal information you provide. We
will also post a report summarizing each substantive verbal contact we
receive about this proposed AD.

Discussion

    We have received a report of IFS forward upper fire seal failures
and damage to thermal insulation blankets in the forward upper area of
the TR. Investigation revealed that the root cause of the failures is a
scrubbing and pinching condition at the upper end cap of the IFS
forward upper fire seal during TR closing. The failure of the IFS
forward upper fire seal causes the loss of seal pressurization, which
then allows fan bypass air to enter the engine core compartment. Fan
bypass air entering the engine core compartment could degrade the
ability to detect and extinguish an engine fire, resulting in an
uncontrolled fire. Furthermore, fan bypass air entering the engine core
compartment could cause damage to the TR insulation blanket, resulting
in thermal damage to the TR inner wall, the subsequent release of
engine exhaust components, and consequent damage to the critical areas
of the airplane.

Related Service Information Under 1 CFR Part 51

    We reviewed Boeing Alert Service Bulletin B787-81205-SB780033-00,
Issue 001, dated November 1, 2017. This service information describes
procedures for an inspection to determine the part number of the IFS
forward upper fire seal and applicable on-condition actions. This
service information is reasonably available because the interested
parties have access to it through their normal course of business or by
the means identified in the ADDRESSES section.

FAA's Determination

    We are proposing this AD because we evaluated all the relevant
information and determined the unsafe condition described previously is
likely to exist or develop in other products of the same type design.

Proposed AD Requirements

    This proposed AD would require accomplishment of the actions
identified as ``RC'' (required for compliance) in the Accomplishment
Instructions of Boeing Alert Service Bulletin B787-81205-SB780033-00,
Issue 001, dated November 1, 2017, described previously, except as
discussed under ``Differences Between this Proposed AD and the Service
Information,'' and except for any differences identified as exceptions
in the regulatory text of this proposed AD.
    For information on the procedures and compliance times, see this
service information at http://www.regulations.gov by searching for and
locating Docket No. FAA-2018-0114.

Differences Between This Proposed AD and the Service Information

    Boeing Alert Service Bulletin B787-81205-SB780033-00, Issue 001,
dated November 1, 2017, addresses only Model 787-8 and 787-9 airplanes
powered by Rolls Royce Trent 1000 engines (excluding the Rolls Royce
Trent 1000-TEN engine, which was recently certified). IFS forward upper
fire seals having part number (P/N) 725Z3171-127 or P/N 725Z3171-128
can be installed on all Rolls Royce Trent 1000 engines, including the
recently certified Rolls Royce Trent 1000-TEN engine. To prevent the
installation of a TR with an unsafe fire seal on a Model 787 airplane,
this proposed AD would apply to all Model 787 series airplanes
(including future Model 787-10) powered by Rolls Royce Trent 1000
engines (including the Rolls Royce Trent 1000-TEN engine).

Costs of Compliance

    We estimate that this proposed AD affects 13 airplanes of U.S.
registry. We estimate the following costs to comply with this proposed
AD:

                                      Estimated Costs for Required Actions
----------------------------------------------------------------------------------------------------------------
                                                                                Cost per      Cost on U.S.
               Action                         Labor cost            Parts cost        product        operators
----------------------------------------------------------------------------------------------------------------
Inspection.........................  8 work-hours x $85 per hour              $0            $680          $8,840
                                      = $680.
----------------------------------------------------------------------------------------------------------------

    We estimate the following costs to do any necessary on-condition
actions that would be required. We have no way of determining the
number of aircraft that might need these on-condition actions:

                                     Estimated Costs of On-Condition Actions
----------------------------------------------------------------------------------------------------------------
                                                                                Cost per
                                  Labor cost                                       Parts cost        product
----------------------------------------------------------------------------------------------------------------
8 work-hours x $85 per hour = $680 (fire seal replacement, 4 per airplane)....          $4,532           $5,212
----------------------------------------------------------------------------------------------------------------

Authority for This Rulemaking

    Title 49 of the United States Code specifies the FAA's authority to
issue rules on aviation safety. Subtitle I, section 106, describes the
authority of the FAA Administrator. Subtitle VII: Aviation Programs,
describes in more detail the scope of the Agency's authority.
    We are issuing this rulemaking under the authority described in
Subtitle VII, Part A, Subpart III, Section 44701: ``General
requirements.'' Under that section, Congress charges the FAA with
promoting safe flight of civil aircraft in air commerce by prescribing
regulations for practices, methods, and procedures the Administrator
finds necessary for safety in air commerce. This regulation is within
the scope of that authority because it addresses an unsafe condition
that is likely to exist or develop on products identified in this
rulemaking action.
    This proposed AD is issued in accordance with authority delegated
by the Executive Director, Aircraft Certification Service, as
authorized by FAA Order 8000.51C. In accordance with that order,
issuance of ADs is normally a function of the Compliance and
Airworthiness Division, but during this transition period, the
Executive Director has delegated the authority to issue ADs applicable
to transport category airplanes to the Director of the System Oversight
Division.

Regulatory Findings

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

List of Subjects in 14 CFR Part 39

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

The Proposed Amendment

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

PART 39--AIRWORTHINESS DIRECTIVES

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

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

Sec.  39.13   [Amended]

0
2. The FAA amends Sec.  39.13 by adding the following new airworthiness
directive (AD):

The Boeing Company: Docket No. FAA-2018-0114; Product Identifier
2017-NM-167-AD.

(a) Comments Due Date

    We must receive comments by April 9, 2018.

(b) Affected ADs

    None.

(c) Applicability

    This AD applies to The Boeing Company Model 787 series
airplanes, certificated in any category, powered by Rolls Royce
Trent 1000 engines.

(d) Subject

    Air Transport Association (ATA) of America Code 78, Engine
Exhaust System.

(e) Unsafe Condition

    This AD was prompted by reports of failures of the inner fixed
structure (IFS) forward upper fire seal and damage to thermal
insulation blankets in the forward upper area of the thrust reverser
(TR). We are issuing this AD to prevent failure of the IFS forward
upper fire seal, which causes the loss of seal pressurization and
allows fan bypass air to enter the engine core compartment. Fan
bypass air entering the engine core compartment could degrade the
ability to detect and extinguish an engine fire, resulting in an
uncontrolled fire. Furthermore, fan bypass air entering the engine
core compartment could cause damage to the TR insulation blanket,
resulting in thermal damage to the TR inner wall, the subsequent
release of engine exhaust components, and consequent damage to
critical areas of the airplane.

(f) Compliance

    Comply with this AD within the compliance times specified,
unless already done.

(g) Required Actions

    For Model 787-8 and 787-9 series airplanes identified in Boeing
Alert Service Bulletin B787-81205-SB780033-00, Issue 001, dated
November 1, 2017 (``BASB B787-81205-SB780033-00, Issue 001''):
Within 36 months after the effective date of this AD, do all
applicable actions identified as ``RC'' (required for compliance)
in, and in accordance with, the Accomplishment Instructions of BASB
B787-81205-SB780033-00, Issue 001.

(h) Parts Installation Prohibition

    For Model 787 series airplanes powered by Rolls Royce Trent 1000
engines, as of the effective date of this AD, no person may install
a thrust reverser with an IFS forward upper fire seal having part
number (P/N) 725Z3171-127 or P/N 725Z3171-128.

(i) Alternative Methods of Compliance (AMOCs)

    (1) The Manager, Seattle ACO Branch, FAA, has the authority to
approve AMOCs for this AD, if requested using the procedures found
in 14 CFR 39.19. In accordance with 14 CFR 39.19, send your request
to your principal inspector or local Flight Standards District
Office, as appropriate. If sending information directly to the
manager of the certification office, send it to the attention of the
person identified in paragraph (j)(1) of this AD. Information may be
emailed to: [email protected].
    (2) Before using any approved AMOC, notify your appropriate
principal inspector, or lacking a principal inspector, the manager
of the local flight standards district office/certificate holding
district office.
    (3) An AMOC that provides an acceptable level of safety may be
used for any repair, modification, or alteration required by this AD
if it is approved by the Boeing Commercial Airplanes Organization
Designation Authorization (ODA) that has been authorized by the
Manager, Seattle ACO Branch, to make those findings. To be approved,
the repair method, modification deviation, or alteration deviation
must meet the certification basis of the airplane, and the approval
must specifically refer to this AD.
    (4) For service information that contains steps that are labeled
as RC, the provisions of paragraphs (i)(4)(i) and (i)(4)(ii) of this
AD apply.
    (i) The steps labeled as RC, including substeps under an RC step
and any figures identified in an RC step, must be done to comply
with the AD. If a step or substep is labeled ``RC Exempt,'' then the
RC requirement is removed from that step or substep. An AMOC is
required for any deviations to RC steps, including substeps and
identified figures.
    (ii) Steps not labeled as RC may be deviated from using accepted
methods in accordance with the operator's maintenance or inspection
program without obtaining approval of an AMOC, provided the RC
steps, including substeps and identified figures, can still be done
as specified, and the airplane can be put back in an airworthy
condition.

(j) Related Information

    (1) For more information about this AD, contact Tak Kobayashi,
Aerospace Engineer, Propulsion Section, FAA, Seattle ACO Branch,
2200 South 216th St., Des Moines, WA; phone:<PHONE_NUMBER>; email:
[email protected].
    (2) For service information identified in this AD, contact
Boeing Commercial Airplanes, Attention: Contractual & Data Services
(C&DS), 2600 Westminster Blvd., MC 110-SK57, Seal Beach, CA 90740-
5600; telephone<PHONE_NUMBER>; internet https://www.myboeingfleet.com. You may view this referenced service
information at the FAA, Transport Standards Branch, 2200 South 216th
St., Des Moines, WA. For information on the availability of this
material at the FAA, call<PHONE_NUMBER>.

    Issued in Renton, Washington, on February 14, 2018.
Michael Kaszycki,
Acting Director, System Oversight Division, Aircraft Certification
Service.
[FR Doc. 2018-03598 Filed 2-22-18; 8:45 am]
 BILLING CODE 4910-13-P


[Federal Register Volume 80, Number 95 (Monday, May 18, 2015)]
[Notices]
[Pages 28311-28315]
[FR Doc No: 2015-11871]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-74929; File No. SR-NYSEArca-2015-33]

Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing
and Immediate Effectiveness of Proposed Rule Change Amending the
Constituent Documents of Its Intermediate Parent Companies NYSE
Holdings LLC., Intercontinental Exchange, Inc., to Eliminate Certain
Provisions That by Their Terms Have Become Void and Are of No Further
Force and Effect as a Result of the Sale by ICE of Euronext N.V. in
June 2014 and Make Conforming Changes to the Independence Policy of the
Board of Directors of ICE

May 12, 2015.
    Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934
(the ``Act'') \1\ and Rule 19b-4 thereunder,\2\ notice is hereby given
that, on May 1, 2015, NYSE Arca, Inc. (the ``Exchange'' or ``NYSE
Arca'') filed with the Securities and Exchange Commission (the
``Commission'') the proposed rule change as described in Items I and II
below, which Items have been prepared

by the self-regulatory organization. The Commission is publishing this
notice to solicit comments on the proposed rule change from interested
persons.
---------------------------------------------------------------------------

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

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

    The Exchange proposes to amend the constituent documents of its
intermediate parent companies NYSE Holdings LLC, a Delaware limited
liability company (``NYSE Holdings''), and Intercontinental Exchange
Holdings, Inc., a Delaware corporation (``ICE Holdings''), and its
ultimate parent company, Intercontinental Exchange, Inc., a Delaware
corporation (``ICE''), to eliminate certain provisions that by their
terms have become void and are of no further force and effect as a
result of the sale by ICE of Euronext N.V. (``Euronext'') in June 2014.
NYSE Arca also seeks approval of conforming changes to the Independence
Policy of the Board of Directors of ICE (the ``Independence Policy'').
The text of the proposed rule change is available on the Exchange's Web
site at www.nyse.com, at the principal office of the Exchange, and at
the Commission's Public Reference Room.

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

    In its filing with the Commission, the self-regulatory organization
included statements concerning the purpose of, and basis for, the
proposed rule change and discussed any comments it received on the
proposed rule change. The text of those statements may be examined at
the places specified in Item IV below. The Exchange has prepared
summaries, set forth in sections A, B, and C below, of the most
significant parts of such statements.

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

1. Purpose
    NYSE Arca requests approval to amend the constituent documents of
its intermediate parent companies NYSE Holdings and ICE Holdings, and
of its ultimate parent company, ICE, to eliminate certain provisions
that by their terms have become void and are of no further force and
effect as a result of the sale by ICE of Euronext in June 2014, upon
consummation of which ICE, ICE Holdings and NYSE Holdings ceased to
control Euronext.\3\ NYSE Arca also requests approval of conforming
changes to the Independence Policy.\4\
---------------------------------------------------------------------------

    \3\ ICE, a public company listed on the New York Stock Exchange
(``NYSE''), owns 100% of ICE Holdings, which in turn owns 100% of
NYSE Holdings. Through ICE Holdings, NYSE Holdings and NYSE Group,
Inc., ICE indirectly owns (1) 100% of the equity interest of three
registered national securities exchanges and self-regulatory
organizations (together, the ``NYSE Exchanges'')--NYSE, NYSE Arca
and NYSE MKT LLC (``NYSE MKT'')--and (2) 100% of the equity interest
of NYSE Market (DE), Inc., NYSE Regulation, Inc., NYSE Arca L.L.C.
and NYSE Arca Equities, Inc. ICE also indirectly owns a majority
interest in NYSE Amex Options LLC. See Exchange Act Release No.
70210 (August 15, 2013), 78 FR 51758 (August 21, 2013) (SR-NYSE-
2013-42; SR-NYSEMKT-2013-50; SR-NYSEArca-2013-62) (``Release No.
70210'') (approving proposed rule change relating to a corporate
transaction in which NYSE Euronext will become a wholly owned
subsidiary of IntercontinentalExchange Group, Inc.).
    \4\ NYSE Arca's affiliates NYSE and NYSE MKT have also submitted
the same proposed rule change. See SR-NYSEMKT-2015-32 and SR-NYSE-
2015-18.
---------------------------------------------------------------------------

    NYSE Arca believes the proposed changes are desirable to avoid the
potential for confusion that could arise if ICE, ICE Holdings and NYSE
Holdings were to retain in their constituent documents or in the
Independence Policy provisions that are no longer operative.
Background
    In 2007, NYSE Arca's direct parent, NYSE Group Inc. (``NYSE
Group''), entered into a business combination transaction with Euronext
N.V. (``Euronext'') in which NYSE Group and Euronext became wholly
owned subsidiaries of a newly formed company, NYSE Euronext, a Delaware
corporation. The Certificate of Incorporation and Bylaws of NYSE
Euronext included provisions (a) requiring NYSE Euronext and its board
of directors to give due consideration to requirements of European law
and regulation applicable to the operation of Euronext's European
business; (b) requiring NYSE Euronext and its board of directors to
cause Euronext's subsidiaries to operate in compliance with applicable
law and regulation and to cooperate with European regulators; (c)
relating to board compositions and similar matters; and (d) prohibiting
the amendment of such provisions without a supermajority vote of the
directors in light of Euronext's minority representation on the board
(collectively, the ``European Provisions''). NYSE Euronext's
Certificate of Incorporation and Bylaws also included provisions for
the automatic suspension or voiding of the European Provisions under
specified circumstances, including circumstances under which NYSE
Euronext no longer exercised a controlling interest (as therein
defined) over Euronext (the ``Voiding Provisions'').\5\
---------------------------------------------------------------------------

    \5\ See Exchange Act Release No. 55293 (February 14, 2007), 72
FR 8033 (Feb. 22, 2007) (SR-NYSE-2006-120).
---------------------------------------------------------------------------

    In 2013, ICE Holdings (then known as IntercontinentalExchange,
Inc.) entered into a business combination transaction with NYSE
Euronext in which ICE Holdings and NYSE Holdings (then known as NYSE
Euronext Holdings LLC), as successor to NYSE Euronext, became wholly
owned subsidiaries of a newly formed company, ICE (then known as
IntercontinentalExchange Group, Inc.). In connection with this
transaction, the European Provisions and the Voiding Provisions were
modified as they applied to NYSE Holdings and were incorporated, in
substantially the same modified form, into the Certificate of
Incorporation and Bylaws of ICE, along with the Voiding Provisions. In
relevant part, the Voiding Provisions applicable to ICE and NYSE
Holdings were modified to specify that the European Provisions would
automatically become void and be of no further force and effect if at
any time ICE or NYSE Holdings, as the case may be, ceased to
``control'' Euronext, with ``control'' defined under International
Financial Reporting Standard 10 (as in force at its date of first
effectiveness on January 1, 2014), and with cessation of control
subject to confirmation from the entity's registered public accountants
and to a public disclosure requirement.\6\
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    \6\ See Exchange Act Release No. 70210, 78 FR at 51758.
---------------------------------------------------------------------------

    In March 2014, in preparation for its announced plan to sell
Euronext, ICE contributed its ownership of NYSE Holdings to ICE
Holdings, and in connection therewith the Certificate and Bylaws of ICE
Holdings were amended to incorporate the modified European Provisions
and the modified Voiding Provisions.\7\ The Certificate of
Incorporation and Bylaws of ICE and of ICE Holdings, and the Limited
Liability Company Agreement of NYSE Holdings are referred to
collectively as the ``Constituent Documents''.
---------------------------------------------------------------------------

    \7\ See Exchange Act Release No. 71721 (Mar. 13, 2014), 79 FR
15367 (Mar. 19, 2014) (SR-NYSE-2014-04; SR-NYSEMKT-2014-10; SR-
NYSEArca-2014-08).
---------------------------------------------------------------------------

    In June 2014, ICE consummated the sale of substantially all of its
interest in Euronext and, accordingly, ceased to control Euronext
within the meaning of the Voiding Provisions. As a result, the Voiding
Provisions in each of the Constituent Documents were triggered, and the
European Provisions in the Constituent Documents automatically

became void and are of no further force and effect.\8\
---------------------------------------------------------------------------

    \8\ See Exchange Act Release No. 73740 (Dec. 4, 2014), 79 FR
73362 (Dec. 10, 2014) (``Release No. 73740'') (SR-NYSE-2014-53; SR-
NYSEMKT-2014-83; SR-NYSEArca-2014-112), for additional information
about the events that resulted in the triggering of the Voiding
Provisions.
---------------------------------------------------------------------------

    NYSE Arca accordingly proposes to make the following changes to the
constituent documents of ICE, ICE Holdings and NYSE Holdings:
    Certificate of Incorporation of ICE. The Amended and Restated
Certificate of Incorporation of ICE would be further amended and
restated as set forth in Exhibit 5A to update the recitals in the
initial certification and to eliminate the following provisions, which
have become void and without further force and effect by operation of
the indicated section because ICE no longer controls Euronext:
     Pursuant to Art. XIII, Section A.2., the following
provisions are void and would be deleted: Art. V, Section A.2.(d); Art.
V, Section A.3.(a)(ii), (a)(iii)(z), (b)(ii), (c)(i)(y) and (d)(i)(y);
Art. V, Section A.4.(b), A.8, A.9, A.10 and A.11; Art. V, Section
B.2.(d); Art. V, Section B.3.(a)(ii), (a)(iii)(z), (b)(ii), (b)(y) and
(c)(ii); Art. VII, clause (B); and Art. X, clause (B).
     In addition, the phrases ``or any European Market
Subsidiary (as defined below)'' has been deleted from Art V, Section
A.1., and the phrase ``or any European Market Subsidiary'' has been
deleted from Art. V, Section B.1., in each case because the phrase
refers to a term that is no longer used in the document.
     In Art. V, Section A.3.(a)(i), a reference has been added
to ICE Holdings and the erroneous name NYSE Euronext LLC has been
corrected to refer to NYSE Holdings LLC. Additionally, references to
ICE Holdings and NYSE Holdings have been added to Art. V, Section
B.3.(a)(i). These matters were previously addressed in the last
sentence of Section 3.15(g) of the Bylaws of ICE.
     Art. XIII itself is deleted because its sole purpose was
to define the circumstances under which ICE would no longer control
Euronext and to specify the provisions that became void upon such
event. NYSE Arca believes it would be confusing to retain Art. XIII
because it refers to events that have occurred and to provisions that
will have been deleted.
     Art. XIV, establishing an effective time for the document,
has been deleted because the effective time is addressed in the initial
certification.
    Bylaws of ICE. The Fourth Amended and Restated Bylaws of ICE would
be further amended and restated as set forth in Exhibit 5B to eliminate
the following provisions, which have become void and without further
force and effect by operation of the indicated section because ICE no
longer controls Euronext:
     Pursuant to Section 10.9(b)(3), the following provisions
are void and would be deleted: Sections 3.14(a)(1), 3.14(b)(2),
3.14(b)(4), 3.14(b)(6), 7.2, 8.1(b), 8.2(b), 8.2(c)(2), 8.3(b), 8.3(d),
8.5, 9.2, 9.5, and 10.8; each occurrence of the words ``pursuant to a
resolution adopted by at least 75% of the directors then in office'' in
Section 3.1; and additionally Sections 3.15(a), 3.15(b), 3.15(c),
3.15(d), 3.15(e), 3.15(f), 11.1(b), 11.2(b) and 11.3(A).
     In Section 3.1, where the reference to 75% of the
directors then in office is eliminated, the standard for setting the
number of directors is set to a majority of the directors then in
office, which was the standard in effect at NYSE Group prior to the
Euronext transaction in 2007.
     In Section 3.5, a provision calling for one board meeting
to be held in Europe in each year is deleted. This provision was
included to accommodate the interests of the Euronext-affiliated
directors and, while it was not identified for automatic deletion, ICE
views the requirement as imposing an unnecessary expense on ICE and
believes the venue of meetings should be in the discretion of
management.
     The last sentence of Section 3.15(g) (which will be
redesignated Section 3.15) is deleted for the reasons discussed above
under ``Certificate of Incorporation of ICE''.
     Section 8.6, applicable to records that relate to both a
European Market Subsidiary and a U.S. Regulated Subsidiary, has been
deleted because the definition of European Market Subsidiary and all
other references to the term have been deleted.
     Section 10.9 is deleted in its entirety for the reasons
set forth above relating to Article XIII of the Certificate of
Incorporation of ICE, and also because Section 10.9 refers to Stichting
NYSE Euronext and its Articles of Formation, which no longer asserts
any authority over ICE.\9\
---------------------------------------------------------------------------

    \9\ See Release No. 73740, 79 FR at 73362 and note 9, supra.
---------------------------------------------------------------------------

    Independence Policy. The Independence Policy would be revised to
eliminate from paragraph 3 the references to European securities
exchanges and European regulatory authorities that are no longer
controlled by, or regulators of entities controlled by, ICE. See
Exhibit 5C.
    Certificate of Incorporation of ICE Holdings. The Sixth Amended and
Restated Certificate of Incorporation of ICE Holdings would be further
amended and restated as set forth in Exhibit 5D to update the recitals
in the initial certification and to eliminate the following provisions,
which have become void and without further effect by operation of the
indicated section because ICE Holdings no longer controls Euronext:
     Pursuant to Art. XIII, Section A.2., the following
provisions are void and would be deleted: Art. V, Section A.2.(d); Art.
V, Section A.3.(a)(ii), (a)(iii)(z), (b)(ii), (c)(i)(y) and (d)(i)(y);
Art. V, Section A.4.(b), A.8, A.9, A.10 and A.11; Art. V, Section
B.2.(d); Art. V, Section B.3.(a)(ii), (a)(iii)(z), (b)(ii), (b)(y) and
(c)(ii); Art. VII, clause (B); and Art. X, clause (B).
     In addition, the phrases ``or any European Market
Subsidiary (as defined below)'' has been deleted from Art V, Section
A.1., and the phrase ``or any European Market Subsidiary'' has been
deleted from Art. V, Section B.1., in each case because the phrase
refers to a term that is no longer used in the document.
     Art. XIII itself is deleted for the same reasons as
discussed above for ICE.
    Bylaws of ICE Holdings. The Third Amended and Restated Bylaws of
ICE Holdings would be further amended and restated as set forth in
Exhibit 5E to eliminate the following provisions, which have become
void and without further force and effect by operation of the indicated
section because ICE Holdings no longer controls Euronext:
     Pursuant to Section 10.9(b)(3), the following provisions
are void and would be deleted: Sections 3.14(a)(1), 3.14(b)(2),
3.14(b)(4), 3.14(b)(6), 7.2, 8.1(b), 8.2(b), 8.2(c)(2), 8.3(b), 8.3(d),
8.5, 9.2, 9.5, and 10.8; each occurrence of the words ``pursuant to a
resolution adopted by at a majority of the directors then in office''
in Section 3.1; and additionally Sections 3.15(a), 3.15(b), 3.15(c),
3.15(d), 3.15(e), 3.15(f), 11.1(b), 11.2(b) and 11.3(A).
     In Section 3.5, a provision calling for one board meeting
to be held in Europe in each year is deleted, for the reasons discussed
above under ``Bylaws of ICE.''
     Section 8.6 is deleted for the reasons discussed above
under ``Bylaws of ICE''.
     Section 10.9 is deleted in its entirety for the reasons
set forth above under ``Bylaws of ICE''.
    Limited Liability Company Agreement of NYSE Holdings. The Sixth
Amended and Restated Limited Liability Company

Agreement of NYSE Holdings would be further amended and restated as set
forth in Exhibit 5F to update the recitals and to eliminate the
following provisions, which have become void and without further force
and effect by operation of the indicated section because NYSE Holdings
no longer controls Euronext:
     Pursuant to Section 16.3(b)(3), the following provisions
are void and would be deleted: Sections 3.12(b)(1), 3.12(c)(2),
3.12(c)(4), 3.12(c)(6),\10\ 12.1(b), 12.2(b), 12.2(c)(ii), 12.3(b),
12.3(d), 12.4(b), 13.2, 14.2, 14.5, and 16.2; and, additionally,
Sections 4.1(b), 9.1(a)(2)(d), 9.1(a)(3)(A)(ii), 9.1(a)(3)(A)(iii)(z),
9.1(a)(3)(B)(ii), 9.1(a)(3)(C)(i)(y), 9.1(a)(3)(D)(i)(y),\11\
9.1(a)(4)(b),\12\ 9.1(b)(2)(d), 9.1(b)(3)(A)(ii), 9.1(b)(3)(A)(iii)(z),
9.1(b)(3)(B)(ii), 9.1(b)(3)(B)(y), 9.1(b)(3)(C)(ii), 16.1(a)(A) and
16.1(b), and the definitions of ``Euronext College of Regulators'',
``European Exchange Regulations'', ``European Regulated Market'',
``European Regulator'', ``European Market Subsidiary'' and ``Europe''
set forth in Section 1.1.
---------------------------------------------------------------------------

    \10\ The four subsections of Section 3.12 are mistakenly
identified in Section 16.3(a) as subsections of Section 3.11.
    \11\ Sections 9.1(a)(3)(B)(ii), 9.1(a)(3)(C)(i)(y) and
9.1(a)(3)(D)(i)(y) are mistakenly identified in Section 16.3 as
subsections of Section 9.1(c)(3) rather than Section 9.1(a)(3).
    \12\ Section 9.1(a)(4)(b) is mistakenly identified in Section
16.3 as a subsection of Section 9.1(c)(4) rather than Section
9.1(a)(4).
---------------------------------------------------------------------------

     Additional definitions that define terms no longer used in
the document also are deleted from Section 1.1: ``Euronext'',
``Euronext Call Option'', ``Euronext Transaction Time'', ``European
Disqualified Person'', ``European Subsidiaries' Confidential
Information'', ``Execution Date'', ``Extraordinary Transaction'',
``Foundation'', ``Governmental Entity'' (and the reference to such term
in the definition of ``Law''), ``Merger'' and ``Priority Shares''.
     Certain cross-references have been corrected in the
definitions of ``ETP Holder'', ``MKT Member'', ``NYSE Arca'', ``NYSE
Arca Equities'', ``NYSE Market'', ``NYSE Member'', ``NYSE MKT'', ``OTP
Firm'', ``OTP Holder'' and ``U.S. Disqualified Person''.
     In Section 3.7, a provision calling for one board meeting
to be held in Europe in each year is deleted for the reasons discussed
above under ``Bylaws of ICE''.
     References to European filing requirements have been
eliminated from Section 7.2.
     Section 12.4(c), applicable to records that relate to both
a European Market Subsidiary and a U.S. Regulated Subsidiary, has been
deleted for the reasons discussed above under ``Bylaws of ICE,''
Section 8.6.
     Section 16.3 itself is deleted for the reasons discussed
under ``Certificate of Incorporation of ICE'' with reference to Art.
XIII.
     The phrase ``or any European Market Subsidiary'' has been
eliminated from Sections 9.1(a)(1) and 9.1(b)(1), in each case because
the phrase refers to a term that is no longer used in the document.
    In each case, where a provision being eliminated falls within a
numbered or lettered list, the subsequent numbers or letters, as the
case may be, and related cross-references have been adjusted for
continuity. In some cases where a list contains only a small number of
items after eliminations, the number or lettering has been removed
entirely.
    Other non-substantive conforming changes have been made as
appropriate for clarity and consistency.
2. Statutory Basis
    NYSE Arca believes that the proposed rule change is consistent with
Section 6(b) of the Exchange Act \13\ in general, and with Section
6(b)(1) \14\ in particular, in that it enables NYSE Arca to be so
organized as to have the capacity to be able to carry out the purposes
of the Exchange Act and to comply, and to enforce compliance by its
exchange members and persons associated with its exchange members, with
the provisions of the Exchange Act, the rules and regulations
thereunder, and the rules of NYSE Arca. The European Provisions were
implemented at a time when NYSE Arca was owned by a company with
substantial holdings of non-U.S. securities exchanges, substantial non-
U.S. board representation, and explicit obligations on the part of its
board to give due consideration to matters of non-U.S. law and the
interests of non-U.S. stakeholders. In light of the elimination of
these concerns and the concomitant voiding of the European Provisions,
NYSE Arca believes that the proposed rule change is consistent with
Section 6(b)(1).
---------------------------------------------------------------------------

    \13\ 15 U.S.C. 78f(b).
    \14\ 15 U.S.C. 78f(b)(1).
---------------------------------------------------------------------------

    NYSE Arca also believes that this filing furthers the objectives of
Section 6(b)(5) of the Exchange Act \15\ because the proposed rule
change would be consistent with and facilitate a governance and
regulatory structure that 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. NYSE Arca believes that
elimination of the European Provisions (which by their terms are now
void and of no further force and effect) will remove impediments to the
operation of NYSE Arca by eliminating the potential for uncertainty
among analysts and investors as to the practical implications of the
European Provisions on NYSE Arca as a marketplace and as a significant
asset of ICE if they remain in the Constituent Documents
notwithstanding their vitiation by the Voiding Provisions. For the same
reasons, the proposed rule change is also designed to protect investors
as well as the public interest.
---------------------------------------------------------------------------

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

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

    NYSE Arca does not believe that the proposed rule change will
impose any burden on competition that is not necessary or appropriate
in furtherance of the purposes of the Exchange Act. The proposed rule
change would shorten and simplify the Constituent Documents and the ICE
Directors Independence Policy without making any substantive changes,
thereby enhancing their transparency. The proposed rule change would
result in no concentration or other changes of ownership of exchanges.

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

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

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

    The Exchange has filed the proposed rule change pursuant to Section
19(b)(3)(A) of the Act \16\ and Rule 19b-4(f)(6) thereunder.\17\
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 from the date on

which it was filed, or such shorter time as the Commission may
designate, it has become effective pursuant to Section 19(b)(3)(A) of
the Act and Rule 19b-4(f)(6) thereunder.\18\
---------------------------------------------------------------------------

    \16\ 15 U.S.C. 78s(b)(3)(A).
    \17\ 17 CFR 240.19b-4(f)(6).
    \18\ 17 CFR 240.19b-4(f)(6). In addition, Rule 19b-4(f)(6)(iii)
requires a self-regulatory organization to give the Commission
written notice of its intent to file the proposed rule change, along
with a brief description and the text of 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.
---------------------------------------------------------------------------

    A proposed rule change filed pursuant to Rule 19b-4(f)(6) under the
Act \19\ normally does not become operative for 30 days after the date
of its filing. However, Rule 19b-4(f)(6)(iii) \20\ permits the
Commission to designate a shorter time if such action is consistent
with the protection of investors and the public interest. The Exchange
has asked the Commission to waive the 30-day operative delay so that
the proposal may become operative immediately upon filing. The Exchange
notes that such waiver would accommodate the timing of the
effectiveness under the Delaware General Corporation Law of the Second
Amended and Restated Certificate of Incorporation of ICE, which the
Exchange represents will be filed in Delaware upon approval by the
stockholders of ICE at the annual meeting of stockholders scheduled for
May 2015. The Exchange believes that waiving the 30-day operative delay
would permit the modifications to occur at an earlier time and thereby
reduce the potential for confusion among persons reading the
Constituent Documents. The Commission believes that waiving the 30-day
operative delay is consistent with the protection of investors and the
public interest. Therefore, the Commission hereby waives the operative
delay and designates the proposed rule change operative upon
filing.\21\
---------------------------------------------------------------------------

    \19\ 17 CFR 240.19b-4(f)(6).
    \20\ 17 CFR 240.19b-4(f)(6)(iii).
    \21\ For purposes only of waiving the 30-day operative delay,
the Commission has considered the proposed rule's impact on
efficiency, competition, and capital formation. See 15 U.S.C.
78c(f).
---------------------------------------------------------------------------

    At any time within 60 days of the filing of the proposed rule
change, the Commission 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-NYSEArca-2015-33 on the subject line.

Paper Comments

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

All submissions should refer to File Number SR-NYSEArca-2015-33. 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 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, 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; 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-NYSEArca-2015-33, and should
be submitted on or before June 8, 2015.

    For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\22\
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    \22\ 17 CFR 200.30-3(a)(12).
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Robert W. Errett,
Deputy Secretary.
[FR Doc. 2015-11871 Filed 5-15-15; 8:45 am]
 BILLING CODE 8011-01-P


[Federal Register Volume 83, Number 58 (Monday, March 26, 2018)]
[Notices]
[Pages 12978-12980]
[FR Doc No: 2018-06020]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-82914; File No. SR-DTC-2017-022]

Self-Regulatory Organizations; The Depository Trust Company;
Order Instituting Proceedings To Determine Whether To Approve or
Disapprove a Proposed Rule Change To Amend the Loss Allocation Rules
and Make Other Changes

March 20, 2018.

I. Introduction

    On December 18, 2017, The Depository Trust Company (``DTC'') 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\ proposed rule change SR-DTC-2017-022
to amend the loss allocation rules and make other changes (``Proposed
Rule Change'').\3\ The Proposed Rule Change was published for comment
in the Federal Register on January 8, 2018.\4\ The Commission did not
receive any comments on the Proposed Rule Change. On February 8, 2018,
pursuant to Section 19(b)(2)(A)(ii)(I) of the Act,\5\ the Commission
designated a longer period within which to approve, disapprove, or
institute proceedings to determine whether to approve or disapprove the
Proposed Rule Change.\6\ This order institutes proceedings, pursuant to
Section 19(b)(2)(B) of the Act,\7\ to determine whether to approve or
disapprove the Proposed Rule Change.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ On December 18, 2017, DTC filed this proposal as an advance
notice (SR-DTC-2017-804) with the Commission pursuant to Section
806(e)(1) of the Payment, Clearing, and Settlement Supervision Act
of 2010 (``Clearing Supervision Act'') and Rule 19b-4(n)(1)(i) of
the Act (``Advance Notice''). On January 24, 2018, the Commission
extended the review period of the Advance Notice for an additional
60 days pursuant to Section 806(e)(1)(H) of the Clearing Supervision
Act. See 12 U.S.C. 5465(e)(1); 17 CFR 240.19b-4(n)(1)(i); 12 U.S.C.
5465(e)(1)(H); and Securities Exchange Act Release No. 82582
(January 24, 2018), 83 FR 4297 (January 30, 2018) (SR-DTC-2017-804).
    \4\ Securities Exchange Act Release No. 82426 (January 2, 2018),
83 FR 913 (January 8, 2018) (SR-DTC-2017-022) (``Notice'').
    \5\ 15 U.S.C. 78s(b)(2)(A)(ii)(I).
    \6\ Securities Exchange Act Release No. 82670 (February 8,
2018), 83 FR 6626 (February 14, 2018) (SR-DTC-2017-022; SR-FICC-
2017-022; SR-NSCC-2017-018).
    \7\ 15 U.S.C. 78s(b)(2)(B).
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II. Summary of the Proposed Rule Change \8\
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    \8\ The Commission notes that the Summary of the Proposed Rule
Change section does not describe the Proposed Rule Change in its
entirety. Other changes include, but are not limited to, the
clarification of defined terms, various aspects of the settlement
charges, and detailed procedures of the loss allocation. The
complete Proposed Rule Change can be found in the Notice. See
Notice, supra note 4. In addition, the text of the Proposed Rule
Change is available at http://www.dtcc.com/legal/rules-and-procedures.aspx.
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    As described in the Notice,\9\ DTC proposes to revise Rule 4
(Participants Fund and Participants Investment) to primarily change (i)
the application of the Participants Fund in a Participant Default and
for settlement,\10\ (ii) the loss allocation process,\11\ (iii) the
loss allocation governance for Non-Default Events,\12\ and (iv) the
retention time for the Actual Participants Fund Deposit of former
participants.\13\ Furthermore, the Proposed Rule change would revise
Rule 1 (Definitions; Governing Law) to add cross-references to terms
that would be defined in proposed Rule 4.\14\
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    \9\ The description of the Proposed Rule Change herein is based
on the statements prepared by DTC in the Notice. See Notice, supra
note 4. Each capitalized term not otherwise defined herein has its
respective meaning either (i) as set forth in the Rules, By-Laws and
Organization Certificate of DTC, available at http://www.dtcc.com/legal/rules-and-procedures.aspx, or (ii) as set forth in the Notice.
    \10\ See Notice, supra note 4, at 914-15.
    \11\ See id. at 915-18.
    \12\ See id. at 918.
    \13\ See id. at 918-19.
    \14\ See id. at 919.
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A. Application of the Participants Fund in a Participant Default and
for Settlement

    DTC proposes to revise Rule 4, Section 4 (Application of
Participants Fund Deposits of Non-Defaulting Participants) to address
the situation where the application of the Actual Participants Fund
Deposit of a Participant that has failed to settle is insufficient to
complete settlement among non-defaulting Participants on any Business
Day.\15\ In such a situation, proposed Section 4 would state that the
Participants Fund shall constitute a liquidity resource which may be
applied by DTC in such amounts as DTC shall determine, in its sole
discretion, to fund settlement among non-defaulting Participants.\16\
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    \15\ Id. at 915.
    \16\ Id. at 919.

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B. Loss Allocation Process

    DTC proposes to revise Rule 4, Section 5 (Loss Allocation
Waterfall) to address the loss allocation of losses and liabilities
relating to or arising out of a Default Loss Event or a Declared Non-
Default Loss Event.\17\ DTC proposes four key changes to its loss
allocation process.
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    \17\ Id. at 920-21.
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    First, DTC proposes to replace the current discretionary
application of an unspecified amount of retained earnings and undivided
profits with a mandatory, defined Corporate Contribution.\18\ The
proposed Corporate Contribution would be defined as an amount equal to
50 percent of DTC's General Business Risk Capital Requirement as of the
end of the calendar quarter immediately preceding the Event Period.\19\
DTC's General Business Risk Capital Requirement is, at a minimum, equal
to the regulatory capital that DTC is required to maintain in
compliance with Rule 17Ad-22(e)(15) under the Act.\20\
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    \18\ Id. at 916.
    \19\ Id.
    \20\ Id.; 17 CFR 240.17Ad-22(e)(15).
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    Second, DTC proposes to introduce an Event Period to address the
allocation of losses and liabilities (i) relating to or arising out of
a Participant Default, where DTC has ceased to act for such
Participant, and/or (ii) otherwise incident to the business of DTC, as
determined in proposed Rule 4.\21\ DTC proposes to group together
Default Loss Events and Declared Non-Default Loss Events occurring in a
period of 10 Business Days for purposes of allocating losses to
Participants.\22\
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    \21\ Notice, supra note 4, at 916.
    \22\ Id.
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    Third, DTC proposes to introduce a loss allocation ``round,'' which
would mean ``a series of loss allocations relating to an Event Period,
the aggregate amount of which is limited by the sum of the Loss
Allocation Caps of affected Participants.'' \23\ DTC would notify
Participants subject to a loss allocation of the amounts being
allocated to them.\24\ Participants would be required to pay the
requisite amount no later than the second Business Day following the
issuance of such notice.\25\
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    \23\ Id. at 917.
    \24\ Id.
    \25\ Id.
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    Fourth, the Proposed Rule Change would continue to provide
Participants the opportunity to limit their loss allocation exposure by
offering a termination option, but the associated withdrawal process
would be modified.\26\ As proposed, if a Participant provides notice of
its election to terminate its business with DTC as provided, in
general, its maximum payment obligation with respect to any loss
allocation round would be the amount of its Aggregate Requirement
Deposit and Investment, as fixed on the first day of the Event Period,
plus 100 percent of the amount thereof.\27\ Participants would have
five Business Days from the issuance of the first Loss Allocation
Notice in any round to decide whether to terminate its participation
with DTC, and thereby benefit from its Loss Allocation Cap.\28\
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    \26\ Id. at 917-18.
    \27\ Id. at 917.
    \28\ Id. at 918.
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C. Loss Allocation Governance for Non-Default Events

    DTC proposes to clarify the governance around Non-Default Loss
Event that would trigger loss allocation to Participants. Specifically,
DTC proposes to require its Board of Directors to determine that there
is a non-default loss that (i) may present a significant and
substantial loss or liability, so as to materially impair the ability
to DTC to provide clearance and settlement services in an orderly
manner, and (ii) will potentially generate losses to be mutualized
among the Participants in order to ensure that DTC may continue to
offer clearance and settlement services in an orderly manner.\29\
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    \29\ Id. at 918.
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D. Retention Time for the Actual Participants Fund Deposit of a Former
Participant

    DTC proposes to reduce its retention time for the Actual
Participants Fund Deposit of a Former Participant in certain situations
from four years to two years.\30\ Currently Rule 4 provides that, in
general, after three months from when a Person has ceased to be
Participant, DTC shall return to such Person the amount of the Actual
Participants Fund Deposit of the former Participant of such payment
provided that DTC receives such indemnities and guarantees as DTC deems
satisfactory with respect to the matured and contingent obligations of
the former Participant to DTC.\31\ Otherwise, within four years after a
Person has ceased to be a Participant, DTC shall return to such Person
the amount of the Actual Participants Fund Deposit of the former
Participant.\32\ DTC proposes to reduce the four year retention period
to two years, and preserve all other requirements relating to the
return of the Actual Participants Fund Deposit.\33\
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    \30\ Id. at 918-19.
    \31\ Id. at 918.
    \32\ Id.
    \33\ Id.
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III. Proceedings To Determine Whether To Approve or Disapprove the
Proposed Rule Change and Grounds for Disapproval Under Consideration

    The Commission is instituting proceedings pursuant to Section
19(b)(2)(B) of the Act \34\ to determine whether the Proposed Rule
Change should be approved or disapproved. Institution of proceedings is
appropriate at this time in view of the legal and policy issues raised
by the Proposed Rule Change. Institution of proceedings does not
indicate that the Commission has reached any conclusions with respect
to any of the issues involved. Rather, the Commission seeks and
encourages interested persons to comment on the Proposed Rule Change,
and provide the Commission with arguments to support the Commission's
analysis as to whether to approve or disapprove the Proposed Rule
Change.
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    \34\ 15 U.S.C. 78s(b)(2)(B).
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    Pursuant to Section 19(b)(2)(B) of the Act,\35\ the Commission is
providing notice of the grounds for disapproval under consideration.
The Commission is instituting proceedings to allow for additional
analysis of, and input from commenters with respect to, the Proposed
Rule Change's consistency with Section 17A of the Act,\36\ and the
rules thereunder, including the following provisions:
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    \35\ Id.
    \36\ 15 U.S.C. 78q-1.
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     Section 17A(b)(3)(F) of the Act,\37\ which requires, among
other things, that the rules of a clearing agency, such as DTC, must be
designed to promote the prompt and accurate clearance and settlement of
securities transactions, to assure the safeguarding of securities and
funds which are in the custody or control of the clearing agency or for
which it is responsible, and to protect investors and the public
interest;
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    \37\ 15 U.S.C. 78q-1(b)(3)(F).
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     Rule 17Ad-22(e)(7)(i) under the Act,\38\ which requires a
covered clearing agency, such as DTC, to establish, implement, maintain
and enforce written policies and procedures reasonably designed to,
among other things, effectively measure, monitor, and manage the
liquidity risk that arises in or is borne by the covered clearing
agency, including measuring, monitoring, and managing its settlement
and funding flows on an ongoing and timely basis, and its use of
intraday

liquidity by, at a minimum, maintaining sufficient liquid resources to
effect same-day and, where appropriate, intraday and multiday
settlement of payment obligations with a high degree of confidence
under a wide range of foreseeable stress scenarios that includes, but
is not limited to, the default of the participant family that would
generate the largest aggregate payment obligation for the covered
clearing agency in extreme but plausible market conditions;
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    \38\ 17 CFR 240.17Ad-22(e)(1).
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     Rule 17Ad-22(e)(13) under the Act, which requires, in
general, a covered clearing agency, such as DTC, to establish,
implement, maintain and enforce written policies and procedures
reasonably designed to ensure the covered clearing agency has the
authority and operational capacity to take timely action to contain
losses and liquidity demands and continue to meet its obligations.
     Rule 17Ad-22(e)(23)(i) under the Act,\39\ which requires a
covered clearing agency, such as DTC, to establish, implement, maintain
and enforce written policies and procedures reasonably designed to
publicly disclose all relevant rules and material procedures, including
key aspects of its default rules and procedures.
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    \39\ 17 CFR 240.17Ad-22(e)(23)(i).
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IV. Procedure: Request for Written Comments

    The Commission requests that interested persons provide written
submissions of their views, data, and arguments with respect to the
issues identified above, as well as any other concerns they may have
with the Proposed Rule Change. In particular, the Commission invites
the written views of interested persons concerning whether the Proposed
Rule Change is consistent with Section 17A(b)(3)(F) of the Act,\40\
Rule 17Ad-22(e)(7)(i) under the Act,\41\ Rule 17Ad-22(e)(13) under the
Act,\42\ Rule 17Ad-22(e)(23)(i) under the Act,\43\ or any other
provision of the Act, or the rules and regulations thereunder. Although
there do not appear to be any issues relevant to approval or
disapproval that would be facilitated by an oral presentation of views,
data, and arguments, the Commission will consider, pursuant to Rule
19b-4(g) under the Act,\44\ any request for an opportunity to make an
oral presentation.\45\
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    \40\ 15 U.S.C. 78q-1(b)(3)(F).
    \41\ 17 CFR 240.17Ad-22(e)(7)(i).
    \42\ 17 CFR 240.17Ad-22(e)(13).
    \43\ 17 CFR 240.17Ad-22(e)(23)(i).
    \44\ 17 CFR 240.19b-4(g).
    \45\ Section 19(b)(2) of the Act grants to the Commission
flexibility to determine what type of proceeding--either oral or
notice and opportunity for written comments--is appropriate for
consideration of a particular proposal by a self-regulatory
organization. See Securities Act Amendments of 1975, Senate Comm. on
Banking, Housing & Urban Affairs, S. Rep. No. 75, 94th Cong., 1st
Sess. 30 (1975).
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    Interested persons are invited to submit written data, views, and
arguments regarding whether the Proposed Rule Change should be approved
or disapproved by April 16, 2018. Any person who wishes to file a
rebuttal to any other person's submission must file that rebuttal by
April 30, 2018.
    The Commission asks that commenters address the sufficiency of
DTC's statements in support of the Proposed Rule Change, which are set
forth in the Notice,\46\ in addition to any other comments they may
wish to submit about the Proposed Rule Change.
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    \46\ See Notice, supra note 4.
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    Comments may be submitted by any of the following methods:

Electronic Comments

     Use the Commission's internet comment form (http://www.sec.gov/rules/sro.shtml); or
     Send an email to [email protected]. Please include
File Number SR-DTC-2017-022 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-DTC-2017-022. 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 DTC and on The Depository Trust
& Clearing Corporation's website (http://dtcc.com/legal/sec-rule-filings.aspx). 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-DTC-2017-022 and should be
submitted on or before April 16, 2018. Rebuttal comments should be
submitted by April 30, 2018.

    For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\47\
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    \47\ 17 CFR 200.30-3(a)(57).
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Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-06020 Filed 3-23-18; 8:45 am]
 BILLING CODE 8011-01-P