[Federal Register Volume 77, Number 248 (Thursday, December 27, 2012)]
[Notices]
[Pages 76318-76319]
[FR Doc No: 2012-31126]

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

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-68495; File No. SR-ICEEU-2012-16]

Self-Regulatory Organizations; ICE Clear Europe Limited; Notice
of Filing and Immediate Effectiveness of Proposed Rule Change To
Position Allocation Methodology for SPAN Margin Calculation Extended to
Three Additional Calendar Spread Options

December 20, 2012.
    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 December 19, 2012, ICE Clear Europe Limited (``ICE Clear Europe'')
filed with the Securities and Exchange Commission (``Commission'') the
proposed rule change as described in Items I, II and III below, which
Items have been prepared primarily by ICE Clear Europe. ICE Clear
Europe filed the proposal pursuant to Section 19(b)(3)(A)(iii) \3\ of
the Act, and Rule 19b-4(f)(4)(ii) \4\ thereunder so that the proposal
was effective upon filing with the Commission. The Commission is
publishing this notice to solicit comments on the proposed rule change
from interested persons.
---------------------------------------------------------------------------

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

I. Clearing Agency's Statement of the Terms of Substance of the
Proposed Rule Change

    The purpose of the change is to extend the Position Allocation
Methodology to margin calculations for three additional calendar spread
options. Position Allocation Methodology is an enhancement to the SPAN
for the ICE Margining algorithm employed to calculate Original Margin.
All capitalized terms not defined herein are defined in the ICE Clear
Europe Rules.

II. Clearing Agency's Statement of the Purpose of, and Statutory Basis
for, the Proposed Rule Change

    In its filing with the Commission, ICE Clear Europe 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. ICE Clear Europe has prepared summaries,
set forth in sections (A), (B) and (C) below, of the most significant
aspects of such statements.\5\
---------------------------------------------------------------------------

    \5\ The Commission has modified the text of the summaries
prepared by ICE Clear Europe.
---------------------------------------------------------------------------

(A) Clearing Agency's Statement of the Purpose of, and Statutory Basis
for, the Proposed Rule Change

    In addition to providing clearing services for credit default
swaps, ICE Clear Europe also provides clearing services for non-
securities contracts in energy and emissions markets (``Energy Futures
Products''). ICE Clear Europe extended the Position Allocation
Methodology to margin calculations for three additional calendar spread
options. Position Allocation Methodology is an enhancement to the
SPAN[supreg] \6\ for the ICE Margining algorithm employed to calculate
Original Margin and was designed to optimize and improve margin
calculation in the London SPAN 4. This feature is applied for certain
products where the position in such a product can be better represented
as one or more positions in alternate products for the purposes of
calculating Initial Margin. At the time of this implementation, this
enhancement was already in place for the following spread options: TIA,
BRM, TIB, HHM, and HMT.
---------------------------------------------------------------------------

    \6\ SPAN is a registered trademark of Chicago Mercantile
Exchange Inc., used herein under license. Chicago Mercantile
Exchange Inc. assumes no responsibility in connection with the use
of SPAN by any person or entity. SPAN is a risk evaluation and
margin framework algorithm.
---------------------------------------------------------------------------

    The enhancement will be additionally applied to:
     GOA: Gas Oil 1-Month CSO;
     BRZ: Brent Oil 12-Month CSO; and
     TIZ: WTI Crude Oil 12-Month CSO.
    All other SPAN[supreg] margin parameters remain unchanged. All
updated SPAN[supreg] margin parameters can be found at: https://www.theice.com/clear_europe_span_parameters.jhtml.
    Section 17A(b)(3)(F) of the Act \7\ requires, among other things,
that the rules of a clearing agency be designed to promote the prompt
and accurate clearance and settlement of securities transactions and,
to the extent applicable, derivative agreements, contracts, and
transactions. ICE Clear Europe believes that the proposed change with
respect to Energy Futures Products is consistent with the requirements
of the Act and the rules and regulations thereunder applicable to ICE
Clear Europe, in particular, with Section 17A(b)(3)(F),\8\ because
improved margining of calendar spread options protects investors and
the public interest.
---------------------------------------------------------------------------

    \7\ 15 U.S.C. 78q-1(b)(3)(F).
    \8\ 15 U.S.C. 78q-1(b)(3)(F).
---------------------------------------------------------------------------

(B) Clearing Agency's Statement on Burden on Competition

    ICE Clear Europe does not believe the proposed change would have
any impact, or impose any burden, on competition.

(C) Clearing Agency's Statement on Comments on the Proposed Rule Change
Received From Members, Participants or Others

    Written comments relating to the proposed change have not been
solicited or received. ICE Clear Europe will notify the Commission of
any written comments received by ICE Clear Europe.

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

    The foregoing rule change has become effective upon filing pursuant
to Section 19(b)(3)(A)(iii) \9\ of the Act and Rule 19b-4(f)(4)(ii)
\10\ thereunder because it primarily affects the futures clearing
operations of the clearing agency with respect to futures that are not
security futures, and does not significantly affect the securities
clearing operations of the clearing agency or any related rights or
obligations of the clearing agency or persons using such service. 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.
---------------------------------------------------------------------------

    \9\ 15 U.S.C. 78s(b)(3)(A)(iii).
    \10\ 17 CFR 240.19b-4(f)(4)(ii).

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

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-ICEEU-2012-16 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-ICEEU-2012-16. 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 such filings will also be available
for inspection and copying at the principal office of ICE Clear Europe
and on ICE Clear Europe's Web site (https://www.theice.com/publicdocs/regulatory_filings/ICEU_SEC_121912_2012-16.pdf).
    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-ICEEU-2012-16
and should be submitted on or before January 17, 2013.

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

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

Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2012-31126 Filed 12-26-12; 8:45 am]
BILLING CODE 8011-01-P


[Federal Register Volume 80, Number 74 (Friday, April 17, 2015)]
[Notices]
[Pages 21248-21249]
[FR Doc No: 2015-08846]

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

DEPARTMENT OF HEALTH AND HUMAN SERVICES

Food and Drug Administration

[Docket No. FDA-2015-N-0001]

Addressing Inadequate Information on Important Health Factors in
Pharmacoepidemiology Studies Relying on Healthcare Databases; Public
Workshop

AGENCY: Food and Drug Administration, HHS.

ACTION: Notice of public workshop.

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

    The Food and Drug Administration (FDA) is announcing a public
workshop, cosponsored by FDA and the University of Maryland Center for
Excellence in Regulatory Science and Innovation, entitled
``Methodological Considerations to Address Unmeasured Information About
Important Health Factors in Pharmacoepidemiology Studies that Rely on
Electronic Healthcare Databases to Evaluate the Safety of Regulated
Pharmaceutical Products in the Postapproval Setting.'' The purpose of
the public workshop is to engage in constructive dialogue among
regulators, academicians, pharmaceutical industry, clinicians, other
stakeholders and the general public on potential strategies to improve
availability of information on important health factors in
pharmacoepidemiology studies that rely on electronic healthcare
databases to evaluate the safety of pharmaceutical products in the
postapproval setting. Electronic healthcare databases are increasingly
being used in the postapproval assessment of the safety profile of
pharmaceutical drug products.
    Date and Time: The public workshop will be held on May 4, 2015, 8
a.m. to 5 p.m.
    Location: The public workshop will be held at FDA White Oak Campus,
10903 New Hampshire Ave., Bldg. 31 Conference Center, the Great Room
(Rm. 1503), Silver Spring, MD 20993-0002. Entrance for the public
workshop participants (non-FDA employees) is through Building 1 where
routine security check procedures will be performed. For parking and
security information, please refer to http://www.fda.gov/AboutFDA/WorkingatFDA/BuildingsandFacilities/WhiteOakCampusInformation/ucm241740.htm.
    Contact Person: Leslie Wheelock, Office of the Commissioner, Food
and Drug Administration, 10903 New Hampshire Ave., Bldg. 1, Rm. 4345,
Silver Spring, MD,<PHONE_NUMBER>, FAX:<PHONE_NUMBER>,
<EMAIL_ADDRESS>    Registration: Submit your online registration information
(including name, title, firm name, address, telephone and fax numbers)
by April 30, 2015, at: http://www.pharmacy.umaryland.edu/centers/cersievents/biasinbigdata/. There is no registration fee for University
of Maryland faculty, students, and staff, University of Maryland Center
for Excellence in Regulatory Science and Innovation Industrial
Consortia Members, and Federal Government employees. There is a $50.00
registration fee for all other participants. Early registration is
recommended because seating is limited. There will be no onsite
registration.
    If you need special accommodations due to a disability, please
contact Leslie Wheelock (see Contact Person) at least 7 days in
advance.

SUPPLEMENTARY INFORMATION:
    In many instances, these resources allow for the timely evaluation
of drug-related adverse events since data on healthcare utilized by a
large number of individuals are readily available. However, because
these data are typically collected for administrative purposes,
information on important health factors necessary to evaluate drug-
outcome relationship may be

absent or incomplete in these data sources. Examples include tobacco/
smoking use and history, alcohol consumption, weight and height,
patient and family medical history, or use of over-the-counter
medications. Incomplete capture or the absence of this information can
result in biased or uncertain estimates for the drug-outcome
relationship of interest leading to inadequate evaluation of the safety
profile of prescription drug products.
    Webcast: Please be advised that as soon as possible after a Webcast
of the public workshop is available, it will be accessible at: http://www.fda.gov/ScienceResearch/SpecialTopics/RegulatoryScience/ucm429136.htm.

    Dated: April 13, 2015.
Leslie Kux,
Associate Commissioner for Policy.
[FR Doc. 2015-08846 Filed 4-16-15; 8:45 am]
 BILLING CODE 4164-01-P


[Federal Register: September 1, 2009 (Volume 74, Number 168)]
[Notices]
[Page 45196-45197]
[DOCID:fr01se09-55]

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

DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission

Combined Notice of Filings 2

August 21, 2009.
    Take notice that the Commission has received the following Natural
Gas Pipeline Rate and Refund Report filings:

    Docket Numbers: RP06-200-057.
    Applicants: Rockies Express Pipeline LLC.
    Description: Rockies Express Pipeline, LLC submits Seventh Revised
Sheet 9 et al. to FERC Gas Tariff, Second Revised Volume 1, to be
effective 8/15/09.
    Filed Date: 08/19/2009.
    Accession Number: 20090820-0049.
    Comment Date: 5 p.m. Eastern Time on Monday, August 31, 2009.

    Docket Numbers: RP06-200-058.
    Applicants: Rockies Express Pipeline LLC.
    Description: Rockies Express Pipeline, LLC submits Eighth Revised
Sheet 9 to its FERC Gas Tariff, Second Revised Volume 1, to be
effective 8/19/09.
    Filed Date: 08/20/2009.

    Accession Number: 20090821-0101.
    Comment Date: 5 p.m. Eastern Time on Tuesday, September 01, 2009.

    Docket Numbers: RP09-799-001.
    Applicants: Trunkline LNG Company, LLC.
    Description: Trunkline LNG Company, LLC submits Sub. Seventeenth
Revised Sheet 5 to its FERC Gas Tariff, Second Revised Volume 1-A, to
be effective 8/1/09.
    Filed Date: 08/20/2009.
    Accession Number: 20090820-0150.
    Comment Date: 5 p.m. Eastern Time on Tuesday, September 01, 2009.

    Docket Numbers: RP09-904-001.
    Applicants: Iroquois Gas Transmission System, L.P.
    Description: Iroquois Gas Transmission System, LP submits a
supplement to its 8/14/09 filing to correct errors that has been
identified in Original Sheet 141 to FERC Gas Tariff, First Revised
Volume 1.
    Filed Date: 08/20/2009.
    Accession Number: 20090821-0104.
    Comment Date: 5 p.m. Eastern Time on Tuesday, September 01, 2009.

    Docket Numbers: RP96-312-199.
    Applicants: Tennessee Gas Pipeline Company.
    Description: Tennessee Gas Pipeline Company submits a revised
Exhibit A to the Gas Transportation Agreement pursuant to Tennessee's
Rate Schedule FT-A with Nicor Gas.
    Filed Date: 08/20/2009.
    Accession Number: 20090821-0103.
    Comment Date: 5 p.m. Eastern Time on Tuesday, September 01, 2009.

    Docket Numbers: RP96-320-113.
    Applicants: Gulf South Pipeline Company, LP.
    Description: Gulf South Pipeline Company, LP submits an amendment
to a negotiated rate letter agreement re the East Texas to Mississippi
Expansion Project.
    Filed Date: 08/20/2009.
    Accession Number: 20090821-0102.
    Comment Date: 5 p.m. Eastern Time on Tuesday, September 01, 2009.

    Any person desiring to protest this filing must file in accordance
with Rule 211 of the Commission's Rules of Practice and Procedure (18
CFR 385.211). Protests to this filing will be considered by the
Commission in determining the appropriate action to be taken, but will
not serve to make protestants parties to the proceeding. Such protests
must be filed on or before 5 p.m. Eastern time on the specified comment
date. Anyone filing a protest must serve a copy of that document on all
the parties to the proceeding.
    The Commission encourages electronic submission of protests in lieu
of paper using the ``eFiling'' link at http://www.ferc.gov. Persons
unable to file electronically should submit an original and 14 copies
of the protest to the Federal Energy Regulatory Commission, 888 First
Street, NE., Washington, DC 20426.
    This filing is accessible on-line at http://www.ferc.gov, using the
``eLibrary'' link and is available for review in the Commission's
Public Reference Room in Washington, DC. There is an ``eSubscription''
link on the Web site that enables subscribers to receive e-mail
notification when a document is added to a subscribed docket(s). For
assistance with any FERC Online service, please e-mail
<EMAIL_ADDRESS>or call<PHONE_NUMBER> (toll free). For
TTY, call<PHONE_NUMBER>.

Nathaniel J. Davis, Sr.,
Deputy Secretary.
[FR Doc. E9-20998 Filed 8-31-09; 8:45 am]

BILLING CODE 6717-01-P


The background papers on the candidate national program priorities are intended to initiate further discussion. When priorities are selected more detailed strategies with in depth background information, numerical targets, schedules, milestones and performance measures will be developed. ______________________________________________________________________________

December, 2003 Page 1 of 2 Proposed Priority: Miscellaneous Plastic Products Manufacturing Universe & Types of Facilities This sector includes establishments primarily engaged in processing plastics resins into intermediate of final products using processes such as extrusion molding, blow molding, injection molding, casting, etc. According to Dun and Bradstreet ( 2003), there are 38,644 facilities and according to the Census of Manufacturers ( 1999) there are 16,856 establishments. The Online Tracking Information System ( OTIS), an EPA information system that contains facility enforcement and compliance information, identifies a compliance history for 2,727 facilities and 1,898 Toxic Release Inventory ( TRI) reporters ( 2003). The industry has grown approximately 20% ( in value of shipments) over the past 10 years.

Geographic Range This sector covers the whole country with the greatest concentration in Region 5 ( Great Lakes States), and other concentrations in California, Texas, Pennsylvania, North Carolina, New York and New Jersey. Small businesses ( fewer than 100 employees) comprise about 84% of this sector with 47% employing 20 or fewer people. However, the top 10 TRI releasers for this sector are either large corporations or subsidiaries of large corporations. ( Smaller facilities may not be required to report to TRI).

Environmental Risks Concerns include air releases which are significantly higher than most other sectors, including totals from either plastic resin manufacture or organic chemicals manufacture ( TRI 2000). These releases include hazardous air pollutants such as styrene, dichloromethane ( aka methylene chloride), xylene, and methanol. According to TRI Reports, styrene and dichloromethane, both carcinogens ( OSHA Carcinogen Listing), are each released/ transferred in excess of 20 million pounds. According to TRI data, more than 47 million pounds of other carcinogens are released from this sector, including 43 million pounds of onsite releases. Other carcinogenic releases/ transfers include n, n dimethylformamide, formaldehyde and ethlybenzene.

Of all the sectors reporting under TRI, this sector ranks fifth for air releases, and ninth for total releases. Releases of hazardous air pollutants ( HAPs), and Volatile Organic Compounds ( VOCs) include dichloromethane, styrene, carbon disulfide, toluene, Of all the sectors reporting for TRI, this sector ranks highest for releases of OSHA carcinogens to air and fifth for total TRI releases of OSHA carcinogens ( primarily releases of styrene and dichloromethane). Plastic foam products ( SIC 3086) accounts for 98% of this sector's dichloromethane releases and 30% of this sector's TRI air releases. The background papers on the candidate national program priorities are intended to initiate further discussion. When priorities are selected more detailed strategies with in depth background information, numerical targets, schedules, milestones and performance measures will be developed. ______________________________________________________________________________

December, 2003 Page 2 of 2 Waste water releases may contain toxic chemicals [ Clean Water Act ( CWA) requirements and effluent guidelines for Plastic Molding and Forming Point Source Category apply] and waste pellets which are classified as significant materials under EPA storm water regulations. Additionally, there are approximately 2,746 Resource Conservation and Recovery Act ( RCRA) permitted facilities in this sector. National Pollutant Discharge Elimination System ( NPDES) effluent limitations for Plastic Molding and Forming Point Source Category and storm water regulations also apply.

Noncompliance Information This sector uses plastic resin to manufacture various plastic products including plastic film and sheet, pipes and plumbing fixtures, bottles, foam products ( such as styrofoam cups, and furniture cushioning), various plastic consumer goods and laminated plastics. Approximately 58% of the sector makes " Plastic Products Not Elsewhere Classified." Data from OTIS shows that over the last 2 year period, there were 1,652 inspections of facilities in the 308 SIC code. Additionally, OTIS indicates that 610 facilities ( 9%) of the known SIC 308 universe are currently in some violation of environmental regulations.

This sector appears to have very high toxic releases ( primarily to air) but has received relatively little compliance attention. There are several air rules that apply to this sector: HAP Equipment Leak National Emissions Standards for Hazardous Air Pollutants ( NESHAP) Leak Detection and Repair Program ( LDAR) ( general standards for identification of leaks from pumps, compressors, pressure relief valves, connectors and closed vent systems, etc); Flexible Polyurethane Foam Production MACT ( compliance date 10/ 8/ 01, will reduce methylene chloride by 68 % and reduce air toxic emissions by 98 % at affected facilities); Flexible Polyurethane Foam Fabrication Operation MACT, ( compliance date 2006, will reduce air toxics emissions from new or reconstructed flame lamination facilities by 90% ); Reinforced Plastic Composites Production MACT ( compliance date 2006, will reduce air toxic emissions, particularly styrene, by 65% and will also reduce emissions of VOCs); Plastic Parts and Products Coatings, NESHAP ( compliance 8/ 03, will reduce air toxics by 80 % over ` 97 levels). There are also two New Source Performance Standards ( NSPS) that apply: Standards of Performance for Industrial Surface Coating: Surface Coating of Plastics Parts for Business Machines ( establishes limits on VOC emissions from facilities that apply coatings to plastic parts used in business machines); and Standards of Performance for Polymeric Coating of Support Substrates Facilities ( establishes limits on VOC emissions from facilities that apply elastomers, polymers, or prepolymers to a support web).


[Federal Register: August 7, 2006 (Volume 71, Number 151)]
[Notices]
[Page 44740-44742]
[DOCID:fr07au06-113]

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

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-54242; File No. SR-NASD-2006-083]

 Self-Regulatory Organizations; National Association of
Securities Dealers, Inc.; Notice of Filing and Immediate Effectiveness
of Proposed Rule Change Relating to Revisions to the Series 27
Examination Program

July 31, 2006.
    Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934
(``Act''),\1\ and Rule 19b-4 thereunder,\2\ notice is hereby given that
on July 14, 2006, the National Association of Securities Dealers, Inc.
(``NASD'') filed with the Securities and Exchange Commission
(``Commission'') the proposed rule change as described in Items I, II
and III below, which Items have been prepared by NASD. NASD has
designated the proposed rule change as constituting a stated policy,
practice, or interpretation with respect to the meaning,
administration, or enforcement of an existing rule of the self-
regulatory organization pursuant to Section 19(b)(3)(A)(i) of the Act
\3\ and Rule 19b-4(f)(1) thereunder,\4\ which renders the proposal
effective upon receipt of this filing by the Commission. The Commission
is publishing this notice to solicit comments on the proposed rule
change from interested persons.
---------------------------------------------------------------------------

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

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

    NASD is filing revisions to the study outline and selection
specifications for the Limited Principal--Financial and Operations
(Series 27) examination program.\5\ The proposed revisions update the
material to reflect changes to the laws, rules and regulations covered
by the examination and to better reflect the duties and
responsibilities of a financial and operations principal. NASD is not
proposing any textual changes to the By-Laws, Schedules to the By-Laws,
or Rules of NASD.
---------------------------------------------------------------------------

    \5\ NASD also is proposing corresponding revisions to the Series
27 question bank, but based upon instruction from the Commission
staff, NASD is submitting SR-NASD-2006-083 for immediate
effectiveness pursuant to Section 19(b)(3)(A) of the Act and Rule
19b-4(f)(1) thereunder, and is not filing the question bank for
Commission review. See letter to Alden S. Adkins, Senior Vice
President and General Counsel, NASD Regulation, from Belinda Blaine,
Associate Director, Division of Market Regulation (``Division''),
Commission, dated July 24, 2000. The question bank is available for
Commission review.
---------------------------------------------------------------------------

    The revised study outline is available on NASD's Web site (http://www.nasd.com
), at NASD, and at the Commission.\6\ The Series 27

selection specifications have been submitted to the Commission under
separate cover with a request for confidential treatment pursuant to
Rule 24b-2 under the Act.\7\
---------------------------------------------------------------------------

    \6\ Telephone conversation between Mia Zur, Special Counsel,
Division, Commission, and Afshin Atabaki, Counsel, NASD, dated July
19, 2006.
    \7\ 17 CFR 240.24b-2.
---------------------------------------------------------------------------

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

    In its filing with the Commission, NASD 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. NASD 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
    Section 15A(g)(3) of the Act \8\ requires NASD to prescribe
standards of training, experience, and competence for persons
associated with NASD members. In accordance with that provision, NASD
has developed examinations, and administers examinations developed by
other self-regulatory organizations, that are designed to establish
that persons associated with NASD members have attained specified
levels of competence and knowledge. NASD periodically reviews the
content of the examinations to determine whether revisions are
necessary or appropriate in view of changes pertaining to the subject
matter covered by the examinations.
---------------------------------------------------------------------------

    \8\ 15 U.S.C. 78o-3(g)(3).
---------------------------------------------------------------------------

    Pursuant to NASD Rule 1022(b), members that have a minimum net
capital requirement of $250,000 under SEC Rules 15c3-1(a)(1)(ii) \9\
and 15c3-1(a)(2)(i),\10\ as well as members that have a minimum net
capital requirement of $150,000 under SEC Rule 15c3-1(a)(8),\11\ are
required to designate as a Limited Principal--Financial and Operations
those individuals associated with them who

are responsible for the members' financial and operational management,
including, but not limited to, final approval and responsibility for
the accuracy of financial reports submitted to regulators. In addition,
Rule 1022(b) provides that the chief financial officer of such members
must be a Limited Principal--Financial and Operations. The Series 27
examination is an NASD examination that qualifies an individual to
function as a Limited Principal--Financial and Operations.
---------------------------------------------------------------------------

    \9\ 17 CFR 240.15c3-1(a)(1)(ii).
    \10\ 17 CFR 240.15c3-1(a)(2)(i).
    \11\ 17 CFR 240.15c3-1(a)(8).
---------------------------------------------------------------------------

    A committee of industry representatives, together with NASD staff,
recently undertook a review of the Series 27 examination program. As a
result of this review, NASD is proposing to make the following
revisions to the study outline to reflect changes to the laws, rules
and regulations covered by the examination and to better reflect the
duties and responsibilities of a financial and operations principal.
NASD is proposing to add sections on Municipal Securities Rulemaking
Board Rules G-8(g) (Transactions in Municipal Fund Securities), G-14
(Reports of Sales and Purchases), G-15(f) (Minimum Denominations), G-
15(g) (Forwarding Official Communications), G-17 (Conduct of Municipal
Securities Activities), G-37 (Political Contributions and Prohibitions
on Municipal Securities Business) and G-32(b) (Inter-Dealer Disclosure
Requirements). NASD is proposing to add a section on SEC Regulation
SHO, including Rules 200 (Definition of ``Short Sale'' and Marking
Requirements) \12\ and 203 (Borrowing and Delivery Requirements).\13\
---------------------------------------------------------------------------

    \12\ 17 CFR 242.200.
    \13\ 17 CFR 242.203.
---------------------------------------------------------------------------

    NASD also is proposing to add sections on NASD Rules 1150
(Executive Representatives), 2350 (Broker-Dealer Conduct on the
Premises of Financial Institutions), 2370 (Borrowing from or Lending to
Customers), 3012 (Supervisory Control System), 3013 (Annual
Certification of Compliance and Supervisory Processes), 3510 (Business
Continuity Plan) and 9800 (Temporary Cease and Desist Orders).
    In addition, NASD is proposing to revise the study outline to
remove the sections on NASD Rules 1110 (formerly Registration of
Government Securities Principals and Representatives), 2320 (Best
Execution and Interpositioning), 3370 (Purchases), 11100(d) (CUSIP
Number), 11110 (Uniform Practice Committees), 11120 (Definitions),
11180 (formerly Use of Trade Acceptance and Reconciliation Service) and
11830 (formerly Mandatory Close-Out for Short Sales). Further, NASD is
proposing to remove the following two subsections of the Insider
Trading and Securities Fraud Enforcement Act of 1988 section:
Investigatory Assistance to Foreign Securities Authorities and
Cooperation with Foreign Authorities and International Organizations in
Enforcement.
    NASD also is proposing to remove the sections on Form X17F-1A
(Report for Missing, Lost, Stolen, or Counterfeit Securities), NASD
Certificate of Incorporation and certain articles (Articles VII, XII,
XIII and XV) of the NASD By-Laws.
    As a result of the revisions discussed above, the number of
questions on several sections of the study outline were modified as
follows: Keeping and Preservation of Records and Broker-Dealer
Financial Reporting Requirements, decreased from 16 to 15 questions;
Customer Protection, decreased from 37 to 36 questions; Municipal
Securities Rulemaking Board Regulations, decreased from 10 to 9
questions; Uniform Practice Rules, decreased from 15 to 12 questions;
and Other Relevant Regulations and Interpretations, increased from 15
to 21 questions. NASD also is proposing to change the title of Section
5 from ``Federal Reserve Board Regulations'' to ``Extension of Credit
in the Securities Industry.''
    NASD is proposing these changes to the entire content of the Series
27 examination, including the selection specifications and question
bank. The number of questions on the Series 27 examination will remain
at 145, and candidates will continue to have 31/2 hours to complete the
exam. Also, each question will continue to count one point, and each
candidate must correctly answer 70 percent of the questions to receive
a passing grade.
2. Statutory Basis
    NASD believes that the proposed revisions to the Series 27
examination program are consistent with the provisions of Sections
15A(b)(6) \14\ and 15A(g)(3) of the Act,\15\ which authorize NASD to
prescribe standards of training, experience, and competence for persons
associated with NASD members.
---------------------------------------------------------------------------

    \14\ 15 U.S.C. 78o-3(b)(6).
    \15\ 15 15 U.S.C. 78o-3(g)(3).
---------------------------------------------------------------------------

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

    NASD 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.

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

    Written comments were neither solicited nor received.

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

    The proposed rule change has become effective pursuant to Section
19(b)(3)(A)(i) of the Act \16\ and Rule 19b-4(f)(1) thereunder,\17\ in
that the proposed rule change constitutes a stated policy, practice, or
interpretation with respect to the meaning, administration, or
enforcement of an existing rule of the self-regulatory organization.
NASD proposes to implement the revised Series 27 examination program on
August 15, 2006. NASD will announce the implementation date in a Notice
to Members to be published on the same date as this filing.
---------------------------------------------------------------------------

    \16\ 15 U.S.C. 78s(b)(3)(A)(i).
    \17\ 17 CFR 240.19b-4(f)(1).
---------------------------------------------------------------------------

    At any time within 60 days of the filing of such proposed rule
change, the Commission may summarily abrogate such rule change if it
appears to the Commission that such action is necessary or appropriate
in the public interest, for the protection of investors, or otherwise
in furtherance of the purposes of the Act.

IV. Solicitation of Comments

    Interested persons are invited to submit written data, views, and
arguments concerning the foregoing, including whether the proposed rule
change is consistent with the 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 No. SR-NASD-2006-083 on the subject line.

Paper Comments

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

All submissions should refer to File Number SR-NASD-2006-083. This file
number should be included on the subject line if E-mail is used. To
help the Commission process and review your comments more efficiently,
please

use only one method. The Commission will post all comments on the
Commission's Internet Web site (http://www.sec.gov/rules/sro.shtml).

Copies of the submission, all subsequent amendments, all written
statements with respect to the proposed rule change that are filed with
the Commission, and all written communications relating to the proposed
rule change between the Commission and any person, other than those
that may be withheld from the public in accordance with the provisions
of 5 U.S.C. 552, will be available for inspection and copying in the
Commission's Public Reference Room. Copies of such filing also will be
available for inspection and copying at the principal office of NASD.
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-NASD-2006-083
and should be submitted on or before August 28, 2006.

    For the Commission, by the Division of Market Regulation,
pursuant to delegated authority.\18\
---------------------------------------------------------------------------

    \18\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------

Nancy M. Morris,
Secretary.
[FR Doc. E6-12685 Filed 8-4-06; 8:45 am]

BILLING CODE 8010-01-P


[Federal Register Volume 82, Number 139 (Friday, July 21, 2017)]
[Notices]
[Pages 33938-33939]
[FR Doc No: 2017-15320]

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

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-81155; File No. SR-NYSEArca-2016-176]

Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of
Designation of a Longer Period for Commission Action on Proceedings To
Determine Whether To Approve or Disapprove a Proposed Rule Change
Relating to the Listing and Trading of Shares of the EtherIndex Ether
Trust Under NYSE Arca Equities Rule 8.201

July 17, 2017.
    On December 30, 2016, NYSE Arca, Inc. 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 to list and trade shares of the
EtherIndex Ether Trust under NYSE Arca Equities Rule 8.201. The
proposed rule change was published for comment in the Federal Register
on January 23, 2017.\3\
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Securities Exchange Act Release No. 79792 (Jan. 13,
2017), 82 FR 7891.
---------------------------------------------------------------------------

    On February 23, 2017, pursuant to Section 19(b)(2) of the Act,\4\
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.\5\ On April 21, 2017, the Commission instituted proceedings to
determine whether to approve or disapprove the proposed rule change.\6\
The Commission has received nine comments on the proposed rule
change.\7\
---------------------------------------------------------------------------

    \4\ 15 U.S.C. 78s(b)(2).
    \5\ See Securities Exchange Act Release No. 80094, 82 FR 12268
(Mar. 1, 2017).
    \6\ See Securities Exchange Act Release No. 80501, 82 FR 19397
(Apr. 27, 2017). Specifically, the Commission instituted proceedings
to allow for additional analysis of the proposed rule change's
consistency with Section 6(b)(5) of the Act, which requires, among
other things, that the rules of a national securities exchange be
``designed to prevent fraudulent and manipulative acts and
practices, to promote just and equitable principles of trade,'' and
``to protect investors and the public interest.'' See id. at 19397.
    \7\ See Letters from Andrew Quentson (Apr. 26, 2017); Charles K.
Massey, III, Venture Private Equity Investment (Apr. 26, 2017);
Anita Desai (Apr. 29, 2017); Luc Jean (May 3, 2017); Tisho P. (May
10, 2017); Kevin McSheehan (May 14, 2017); Bruce Granger (May 16,
2017); Bruce Granger (May 16, 2017); and Alen Lee (May 18, 2017).
All comments on the proposed rule change are available on the
Commission's Web site at: https://www.sec.gov/comments/sr-nysearca-2016-176/nysearca2016176.htm.

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

    Section 19(b)(2) of the Act \8\ 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 by not more than 60
days if the Commission determines that a longer period is appropriate
and publishes the reasons for such determination. The proposed rule
change was published for notice and comment in the Federal Register on
January 23, 2017. July 22, 2017 is 180 days from that date, and
September 20, 2017 is 240 days from that date.
---------------------------------------------------------------------------

    \8\ 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,\9\ designates September 20, 2017 as the date by which the
Commission shall either approve or disapprove the proposed rule change
(File No. SR-NYSEArca-2016-176).
---------------------------------------------------------------------------

    \9\ Id.

    For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\10\
---------------------------------------------------------------------------

    \10\ 17 CFR 200.30-3(a)(57).
---------------------------------------------------------------------------

Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-15320 Filed 7-20-17; 8:45 am]
BILLING CODE 8011-01-P