[Federal Register Volume 79, Number 198 (Tuesday, October 14, 2014)]
[Notices]
[Pages 61677-61681]
[FR Doc No: 2014-24302]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-73313; File No. SR-FINRA-2014-030)

Self-Regulatory Organizations; Financial Industry Regulatory
Authority, Inc.; Order Instituting Proceedings To Determine Whether To
Approve or Disapprove a Proposed Rule Change Relating to Quotation
Requirements for Unlisted Equity Securities and Deletion of the Rules
Related to the OTC Bulletin Board Service

October 7, 2014.

I. Introduction

    On June 27, 2014, the Financial Industry Regulatory Authority, Inc.
(``FINRA'') filed with the Securities and Exchange Commission
(``Commission''), pursuant to Section 19(b)(1) of the Securities
Exchange Act of 1934 (``Exchange Act '' or ``Act'') \1\ and Rule 19b-4
thereunder,\2\ a proposed rule change to adopt rules relating to
quotation requirements for over-the-counter (``OTC'') equity securities
and to delete the rules relating to the OTC Bulletin Board Service
(``OTCBB'' or ``Service'') and thus cease its operation. The proposed
rule change was published for comment in the Federal Register on July
15, 2014.\3\ The Commission received one comment letter on the proposed
rule change.\4\ This order institutes proceedings under Section
19(b)(2)(B) of the Act \5\ 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\ See Securities Exchange Act Release No. 72575 (July 9,
2014), 79 FR 41339 (``Notice''). On August 8, 2014, FINRA consented
to extending the time period for the Commission to either approve or
disapprove the proposed rule change, or to institute proceedings to
determine whether to approve or disapprove the proposed rule change,
to October 10, 2014.
    \4\ See Letter from Daniel Zinn, General Counsel, OTC Markets
Group Inc., dated August 5, 2014 (``OTC Markets Letter'').
    \5\ 15 U.S.C. 78s(b)(2)(B).
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    Institution of proceedings does not indicate that the Commission
has reached any conclusions with respect to the proposed rule change,
nor does it mean that the Commission will ultimately disapprove the
proposed rule change. Rather, as discussed below, the Commission seeks
additional input from interested parties on the proposed rule change.

II. Description of the Proposed Rule Change

    As described more fully in the Notice, FINRA proposed to adopt
rules: (1) Governing the treatment of quotations in OTC equity
securities \6\ by member inter-dealer quotation systems,\7\ and
addressing fair and non-discriminatory access to such systems; (2)
requiring member inter-dealer quotation systems to provide FINRA with a
written description of quotation-related data products offered and
related pricing information, including fees, rebates, discounts and
cross-product pricing incentives; (3) expanding the reporting
requirements related to quotation information in OTC equity securities;
and (4) deleting the Rule 6500 Series and related rules and thereby
ceasing operation of the OTCBB.
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    \6\ FINRA Rule 6420(f) defines ``OTC equity security'' as any
equity security that is not an ``NMS stock'' as that term is defined
in Rule 600(b)(47) of SEC Regulation NMS; provided, however, that
the term ``OTC equity security'' shall not include any Restricted
Equity Security.
    \7\ FINRA Rule 6420(c) defines ``inter-dealer quotation system''
as any system of general circulation to brokers or dealers which
regularly disseminates quotations of identified brokers or dealers.
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A. Current Regulatory Framework for Governing Quotations

    FINRA, under the statutory mandate of Section 15A of the Act,\8\
has previously adopted rules governing the form and content of
quotations relating to securities sold OTC, including rules designed
to: (1) Produce fair and informative quotations; (2) prevent fictitious
or misleading quotations; and (3) promote orderly procedures for
collecting, distributing, and publishing quotations.\9\ FINRA's Rule
6400 Series (Quoting and Trading in OTC Equity Securities), among other
things, provides a regulatory framework governing the form and content
of quotations in OTC equity securities and, together with other FINRA
rules, including rules in the Rule 5200 Series (Quotation and Trading
Obligations and Practices), specifies provisions directed toward the
mandate set forth in Section 15A(b)(11) of the Act (collectively
referred to as the ``Quotation Governance Rules''). FINRA also operates
the OTCBB and has established the Rule 6500 Series, which governs the
operation and use of the OTCBB.
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    \8\ See 15 U.S.C. 78o-3.
    \9\ Section 15A(b)(11) of the Act provides: ``The rules of the
association include provisions governing the form and content of
quotations relating to securities sold otherwise than on a national
securities exchange which may be distributed or published by any
member or person associated with a member, and the persons to whom
such quotations may be supplied. Such rules relating to quotations
shall be designed to produce fair and informative quotations, to
prevent fictitious or misleading quotations, and to promote orderly
procedures for collecting, distributing, and publishing
quotations.'' See 15 U.S.C. 78o-3(b)(11).
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    FINRA's Quotation Governance Rules generally prescribe limitations
around the conduct of members that publish quotations in OTC equity
securities, including quotations displayed on inter-dealer quotation
systems. While these rules apply to member quotation activities, they
generally do not include rules specifically directed to the member
inter-dealer quotation systems on or through which such quotation
activity may take place. For example, FINRA Rule 6432 (Compliance with
the Information Requirements of Exchange Act Rule 15c2-11) generally
provides that members may not initiate or resume quotations in any
quotation medium unless the member files Form 211 with FINRA and
complies with Exchange Act Rule 15c2-11 (Initiation or resumption of
quotations without specific information).\10\
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    \10\ See 17 CFR 240.15c2-11.
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    In 2010, the Commission approved four FINRA rules governing
quotation activity generally by prescribing additional requirements for
members entering quotations on inter-dealer quotation systems in OTC
equity securities: (1) Rule 6434 (Minimum Pricing Increment for OTC
Equity Securities); (2) Rule 6437 (Prohibition

from Locking or Crossing Quotations in OTC Equity Securities); (3) Rule
6450 (Restrictions on Access Fees); and (4) Rule 6460 (Display of
Customer Limit Orders) (``2010 OTC Regulatory Enhancement Rules'') \11\
These rules extended to the OTC equity market certain protections
previously applicable only to exchange-listed securities, and were
adopted to enhance quality and investor protection in the OTC equity
market.\12\
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    \11\ See Securities Exchange Act Release No. 62359 (June 22,
2010), 75 FR 37488 (June 29, 2010) (Order Approving File No. SR-
FINRA-2009-054).
    \12\ The 2010 OTC Regulatory Enhancement Rules generally: (1)
Provide that members may not display, rank, or accept a bid or
offer, an order, or an indication of interest in an OTC equity
security priced greater than or equal to $1.00 in an increment less
than a penny and, for OTC equity securities priced under $1.00, an
increment less than $0.0001; (2) require members to implement
policies and procedures to reasonably avoid displaying, or engaging
in a pattern or practice of displaying, locking or crossing
quotations in any OTC equity security within an inter-dealer
quotation system; (3) prohibit members from imposing non-subscriber
access or post-transaction fees against published quotations in any
OTC equity security that exceed or accumulate to more than the
limits set forth in the rule; and (4) require member OTC market
makers displaying priced quotations in an OTC equity security on an
inter-dealer quotation system to publish immediately a customer
limit order that improves the OTC market maker's priced quotation
(or that is equal to the OTC market maker's priced quotation at the
best bid or offer (``BBO'') but increases the OTC market maker's
posted size by more than a de minimis amount), subject to enumerated
exceptions.
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    In addition, FINRA's current Quotation Governance Rules also
prescribe the minimum share size applicable to members' quotations in
OTC equity securities displayed on an inter-dealer quotation
system.\13\ The FINRA Rule 5200 Series also includes rules that govern
members' quotation activity in OTC equity securities.\14\
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    \13\ FINRA Rule 6433 (Minimum Pricing Increment for OTC Equity
Securities) generally provides that every member entering quotations
in any inter-dealer quotation system must enter and honor those
quotations for at least the minimum sizes defined in the rule. The
current rule, which began as a pilot in November 2012, amended the
tier sizes, among other things, to simplify the tier structure and
facilitate the display of customer limit orders pursuant to FINRA
Rule 6460. See, e.g., Securities Exchange Act Release No. 70839
(November 8, 2013), 78 FR 68893 (November 15, 2013). This pilot was
recently extended until February 13, 2015. See Securities Exchange
Act Release No. 73299 (October 3, 2014).
    \14\ FINRA Rule 5210 (Publication of Transactions and
Quotations) provides, among other things, that members are
prohibited from publishing or circulating (or causing to be
published or circulated) any notice or communication of any kind
which purports to quote the bid price or asked price for any
security, unless such member believes that such quotation represents
a bona fide bid for, or offer of, such security (i.e., the
``fictitious quotation'' prohibition). FINRA Rule 5220 (Offers at
Stated Prices) generally prohibits members from making an offer to
buy from or sell to any person any security at a stated price unless
such member is prepared to purchase or sell, as the case may be, at
such price and under such conditions as are stated at the time of
such offer to buy or sell (i.e., the ``firm quote'' requirement).
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B. Proposed Requirements for Member Inter-Dealer Quotation Systems

    Although FINRA's existing Quotation Governance Rules explicitly
regulate the activities of OTC market makers \15\ and other members
that display quotations on inter-dealer quotation systems, FINRA's
rules generally do not directly provide quotation governance standards
for the member inter-dealer quotation systems itself on or through
which such quotations are displayed. FINRA is proposing to complement
the existing framework governing the form and content of quotations by
amending FINRA Rule 6431 to require that a member inter-dealer
quotation system: (1) Adopt and provide to FINRA written policies and
procedures relating to the collection and dissemination of quotation
information in OTC equity securities, (2) establish and provide to
FINRA fair and non-discriminatory written standards for granting access
to quoting and trading on its system, and (3) provide to FINRA for
regulatory purposes a written description of each quotation-related
data product offered by such member inter-dealer quotation system and
related pricing information, including fees, rebates, discounts and
cross-product pricing incentives.\16\ FINRA believes that the foregoing
proposal is consistent with the goals and objectives of Section 17B of
the Act \17\ regarding the facilitation of widespread dissemination of
reliable and accurate quotation information in penny stocks.\18\
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    \15\ FINRA Rule 6420(g) defines ``OTC Market Maker'' as a member
of FINRA that holds itself out as a market maker by entering
proprietary quotations or indications of interest for a particular
OTC equity security in any inter-dealer quotation system, including
any system that the Commission has qualified pursuant to Section 17B
of the Act. A member is an OTC market maker only in those OTC equity
securities in which it displays market making interest via an inter-
dealer quotation system.
    \16\ As further discussed below, a member also would be required
to provide FINRA with any changes to these required submissions
within five business days.
    \17\ See 15 U.S.C. 78q-2. Section 17B was enacted by Congress as
part of the Securities Enforcement Remedies and Penny Stock Reform
Act of 1990 (``Penny Stock Act''). See Pub. L. No. 101-429, 104
Stat. 931 (1990).
    \18\ See Notice, supra note 3, 79 FR at 41341.
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a. Proposed Quotation Collection and Dissemination Policies and
Procedures Requirement
    Under the proposed revisions to FINRA Rule 6431, FINRA would
require that a member inter-dealer quotation system (whether or not
also an alternative trading system or ``ATS'' as defined by Exchange
Act Rule 300(a) \19\ of Regulation ATS) that permits quotation updates
on a real-time basis establish, maintain and enforce fair and
reasonable written policies and procedures relating to the collection
and dissemination of quotation information in OTC equity securities on
or through its system. Such policies and procedures are intended to
ensure that quotations received are treated fairly and consistently,
including by establishing fair and non-discretionary methods under
which quotations are prioritized and displayed and such standards must
be fully disclosed to subscribers. For example, a member inter-dealer
quotation system would be required to address its methodology for
ranking quotations, including at a minimum, addressing factors such as
price (including any applicable quote access fee), size, time, capacity
and type of quotation (such as unpriced quotes and bid/offer wanted
quotations).\20\ FINRA also is proposing that a member inter-dealer
quotation system provide FINRA with a copy of its written policies and
procedures relating to the collection and dissemination of quotation
information, and any material updates, modifications and revisions
thereto, within five business days following the member's establishment
of the written policy or procedure or implementation of the material
change.\21\
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    \19\ See 17 CFR 242.300(a).
    \20\ The member inter-dealer quotation system also would be
required to include any other factors relevant to the ranking and
display of quotations (e.g., reserve sizes, quotation updates,
treatment of closed quotations, and quotation information imported
from other systems). FINRA believes that requiring member inter-
dealer quotation systems to establish fair and reasonable written
policies and procedures and provide such procedures to FINRA will,
among other things, further promote orderly procedures for
collecting, distributing, and publishing quotations submitted to
inter-dealer quotation systems in securities traded OTC. See Notice,
supra note 3, 79 FR at 41341.
    \21\ A member that is an inter-dealer quotation system at the
time of the effective date of the proposed rule change would provide
the required information upon the effective date and, thereafter,
any material update, modification or revision thereto must be
provided to FINRA within five business days of its implementation.
See id. at 41341-42.
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b. Proposed Written Standards Governing System Access Requirement
    FINRA is proposing that a member inter-dealer quotation system
establish fair and non-discriminatory written standards for granting
access to quoting and trading on the system that do not unreasonably
prohibit or limit any person in respect to access to services offered
by such inter-dealer quotation

system.\22\ FINRA believes that this proposed requirement is consistent
with the ``fair access'' requirements of Regulation ATS under the
Exchange Act \23\ but would apply to quoting and trading in all OTC
equity securities on the member inter-dealer quotation system,
irrespective of the percentage of average daily volume that such inter-
dealer quotation system had in the security.\24\ Further, the proposed
rule would require that a member inter-dealer quotation system provide
FINRA with a copy of its written standards for granting access to
quoting and trading on its system and any material updates,
modifications and revisions thereto within five business days
following: (a) The date of the member's establishment of the written
standard; and (b) the date of the material update, modification or
revision to the written standard. FINRA believes that these proposed
amendments are necessary and appropriate to further the mandates of
Section 15A of the Act.
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    \22\ FINRA proposes that a member inter-dealer quotation system
also must make and keep records of all grants of access including
(for all subscribers) the reasons for granting such access and all
denials or limitations of access and reasons (for each applicant)
for denying or limiting access. A policy prohibiting or limiting
access to services offered by the member inter-dealer quotation
system due to non-payment by a subscriber would not be prohibited
under the proposed rule.
    \23\ See 17 CFR 242.300 et seq.
    \24\ Regulation ATS's ``fair access'' requirements apply with
respect to securities where the ATS's trading accounted for 5% or
more of the reported average daily trading volume (ADTV) in the
security. The proposal would apply the fair access standards with
respect to all securities quoted on the inter-dealer quotation
system (not just those meeting the minimum 5% (or other) threshold).
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c. Proposed Quotation-Related Data Product and Pricing Provision
Requirement
    FINRA is proposing to require a member inter-dealer quotation
system to provide FINRA with a written description of each quotation-
related data product offered by such member inter-dealer quotation
system and related pricing information, including fees, rebates,
discounts and cross-product pricing incentives, and any changes
thereto, within five business days following: (a) The date of the
establishment of the quotation-related data product or date of any
change thereto (including discontinuance of the offering of the
quotation-related data product); and (b) the date of the establishment
of the quotation-related data product price, including a fee, rebate,
discount and cross-product pricing incentive, or change thereto. FINRA
believes that the proposed changes described above will facilitate the
objectives of the Act, including Section 17B, by helping ensure that
disseminated quotations are reliable and accurate and will provide
FINRA with useful information to ensure compliance with FINRA rules and
to monitor the widespread availability of quotation information to
investors and market participants through sources that are not self-
regulatory organizations (``SROs'').
d. Proposed Amendments to the Quotation Recording and Reporting
Requirements
    FINRA Rule 6431 (Recording of Quotation Information) was
implemented in 2003 to provide FINRA with access to quotation data
displayed on non-SRO sponsored and non-member systems so that FINRA
could assess member compliance with applicable rules and regulations
and, when necessary, to reconstruct market activity.\25\ FINRA is
proposing to update and expand the rule to reflect the current quoting
structure of the OTC equity market.\26\ In addition, FINRA is proposing
minor amendments to the items of information required to be recorded
and reported under the rule.\27\
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    \25\ See Securities Exchange Act Release No. 47587 (March 27,
2003), 68 FR 16328 (April 3, 2003). See also NASD Notice to Members
03-28 (June 2003).
    \26\ First, FINRA is proposing to expand the scope of the rule
beyond quotations displayed by OTC market makers on an inter-dealer
quotation system to include quotations displayed by any FINRA
member, including ATSs. FINRA believes that quoting in OTC equity
securities by ATSs and other members that are not OTC market makers
has increased since the adoption of FINRA Rule 6431 and also
believes that the rule's recording and reporting requirements should
apply equally to all such quotes displayed on inter-dealer quotation
systems. See Notice, supra note 3, 79 FR at 41342.
    \27\ Specifically, the new rule would require the following
items of quotation information: (1) MPID of quoting member; (2)
inter-dealer quotation system; (3) date of quotation; (4) time
quotation displayed (expressed in hours, minutes, seconds and
milliseconds if the reporting member's system captures time in
milliseconds); (5) security name and symbol; (6) bid and bid
quotation size (if applicable); (7) offer and offer quotation size
(if applicable); (8) prevailing inside bid; and (9) prevailing
inside offer.
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    When it adopted FINRA Rule 6431, FINRA determined not to apply the
requirements to inter-dealer quotation systems that were FINRA members
and, rather, to obtain quotation information directly from the FINRA
member as needed pursuant to FINRA Rule 8210. However, since that time,
the primary inter-dealer quotation system from which FINRA receives
quotation information (as reporting agent on behalf of member firms)
has become a FINRA member firm and, therefore, FINRA believes that the
exception for quotations displayed on systems operated by a FINRA
member no longer should apply.\28\ The proposed rule would require
member inter-dealer quotation systems to report each attributed
quotation displayed on the system by a broker-dealer. In the event that
a FINRA member displays a quotation on a non-member inter-dealer
quotation system, the member must record and report to FINRA the
required information regarding the quotations displayed by such member.
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    \28\ FINRA has continued to receive quotation information on a
weekly basis following the inter-dealer quotation system becoming a
FINRA member.
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    FINRA believes that these amendments to the quotation recording and
reporting requirements would simplify and streamline the process of
obtaining quotation information for regulatory purposes by directly
requiring that member inter-dealer quotation systems report subscribing
members' quotation information to FINRA.\29\ Individual quoting members
no will longer be required to report or arrange to have reported to
FINRA the items of quotation information specified in the rule, unless
such member is displaying a quotation on a non-member inter-dealer
quotation system. The rule would continue to permit the use of a
reporting agent by either a member inter-dealer quotation system or a
member displaying a quotation on a non-member inter-dealer quotation
system.\30\
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    \29\ Currently, the reporting obligation is imposed on the
quoting member itself, although in practice quoting members have
used the inter-dealer quotation system to which their quotation is
submitted and displayed as reporting agent for purposes of meeting
the FINRA Rule 6431 reporting obligation.
    \30\ A ``reporting agent'' is a third party that enters into any
agreement with a member pursuant to which such third party agrees to
fulfill such member's obligations under FINRA Rule 6431.
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C. Proposed Deletion of OTCBB-Related Rules

    FINRA is proposing to delete the FINRA Rule 6500 Series, which
governs the operation of the OTC Bulletin Board Service and cease
operation of the OTCBB. FINRA previously proposed to delete the OTCBB
rules and discontinue operation of the Service as part of a separate
rule filing to establish a quotation consolidation facility, the ``QCF
Proposal.'' \31\ In the QCF Proposal, FINRA stated that the level of
transparency in OTC equity securities facilitated by the operation of
the OTCBB has been declining significantly

for years as other quotation venues have emerged. FINRA believes that,
since the filing of the QCF Proposal on November 6, 2009, the amount of
quotation information widely available to investors relying on OTCBB
Best Bid or Offer (``BBO'') data has further declined and has become
negligible. FINRA believes that the remaining OTCBB information being
disseminated to investors is so incomplete as to be potentially
misleading with respect to the current pricing in these securities.\32\
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    \31\ See Securities Exchange Act Release No. 60999 (November 13,
2009), 74 FR 61183 (November 23, 2009) (Notice of Filing of File No.
SR-FINRA-2009-077). FINRA stated that it intends to withdraw the
currently pending QCF Proposal if the instant proposed rule change
is approved by the Commission.
    \32\ For example, FINRA states that of the approximately 10,000
OTC equity securities quoted over the counter on the largest inter-
dealer quotation system, less than 10% of those issues also are
eligible to be quoted on OTCBB. In addition, less than twelve
securities out of the 10,000 OTC equity securities are quoted solely
on OTCBB. Furthermore, based upon a sample of 20 days in 2013, the
OTCBB only disseminated an average of 27 computed BBOs, which means
that OTCBB BBO quotation information was available through NASDAQ
Level 1 on less than 0.3% of the 10,000 OTC equity security symbols.
See Notice, supra note 3, 79 FR at 41343.
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    FINRA stated that it does not believe that the discontinuance of
the OTCBB as an inter-dealer quotation system will have an appreciable
impact on issuers, investors or member firms.\33\ FINRA does not
believe that the OTCBB, in its current form and with current levels of
participation, furthers the goals and objectives of Section 17B of the
Act \34\ and, therefore, does not meet the characteristics of a system
described in Section 17B of the Act regarding the widespread
dissemination of reliable and accurate quotation information with
respect to ``penny stocks.'' \35\ However, FINRA notes that, since the
inception of the OTCBB, non-SRO entities have increased their
participation in the collection and dissemination of quotation
information in OTC equity securities, including for those OTC equity
securities meeting the definition of ``penny stock,'' and have made
such quotation information available to investors and market
participants. Thus, FINRA believes that discontinuance of the OTCBB as
an inter-dealer quotation system will not have an appreciable impact on
the current level of quotation transparency for OTC equity
securities.\36\ In addition, FINRA noted that the proposed rule change
is intended to facilitate the widespread availability of reliable and
accurate quotation information through non-SRO sources.
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    \33\ FINRA noted that, as part of the QCF proposal, no concerns
were raised by commenters with respect to the portion of the QCF
Proposal that would have deleted the OTCBB rules and discontinued
operation of the Service.
    \34\ Section 17B of the Act provides, among other things, that
the Commission shall facilitate the widespread dissemination of
reliable and accurate last sale and quotation information with
respect to penny stocks.
    \35\ Under Exchange Act Rule 3a51-1, ``penny stock'' is defined
to, among other things, exclude securities that have a price of five
dollars or more as determined either on a per transaction basis or,
in the absence of a transaction, on the basis of the inside bid
quotation for the security displayed on an automated quotation
system that has the characteristics set forth in Section 17B(b)(2)
of the Act or any other system that is designated by the Commission.
See 17 CFR 240.3a51-1.
    \36\ In advance of the discontinuance of the OTCBB, FINRA has
stated it will take steps to ensure a smooth transition for issuers
and members. Specifically, FINRA will publicize announcements
through the FINRA.org and OTCBB.com Web sites; directly contact
active OTCBB market makers; notify and educate the few remaining
OTCBB-only issuers; and email dually quoted issuers about the
cessation of quoting on the OTCBB. See Notice, supra note 3, 79 FR
at 41343. FINRA stated that it had discussed the concepts described
in this proposed rule change with several of FINRA's industry
advisory committees in developing its approach. FINRA represented
that the committees supported the proposed amendments and did not
believe that compliance with the proposal would be burdensome for
firms. Id.
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    FINRA stated that it will continue to centralize last sale
transaction reporting through the FINRA OTC Reporting Facility
(``ORF'') and, therefore, will continue to operate a system that
collects and disseminates transaction information on, and provides
widespread dissemination of reliable and accurate last sale information
with respect to, OTC equity securities, including penny stocks.\37\
Thus, FINRA believes that the objectives of Section 17B of the Act
relating to the provision of price and volume information to investors
and market participants will continue to be satisfied through FINRA's
operation of the ORF.
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    \37\ FINRA members are required to report substantially all
trades in OTC equity securities to ORF within 10 seconds of
execution and FINRA widely disseminates this transaction information
in real-time.
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    FINRA stated that it will continue to assess the widespread
availability of quotation transparency to investors and market
participants through non-SRO sources on a regular basis. If the
availability of quotation information to investors significantly
declines, FINRA has committed to revisit and, if necessary, file a
proposed rule change to establish an SRO-operated inter-dealer
quotation system (or other measure) to facilitate the type of
widespread quotation transparency described in Section 17B of the
Act.\38\
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    \38\ Should FINRA determine that it is necessary to recommence
the operation of a system to facilitate quotation transparency,
FINRA also would revisit at that time the necessity of the proposals
described herein requiring inter-dealer quotation systems to provide
FINRA specified policies and procedures, written standards,
quotation-related data product descriptions and related pricing
information.
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    FINRA noted that it will announce the effective date of the
proposed rule change in a Regulatory Notice to be published no later
than 60 days following Commission approval. The effective date will be
no later than 180 days following Commission approval.

III. Comment Letter Received

    The Commission received one comment letter.\39\ The commenter
stated that it strongly supports the proposal.\40\ The commenter
believed that the proposal would enable the efficient operation of
inter-dealer quotation systems for OTC equity securities while ensuring
fair and non-discriminatory access to those systems and would thereby
strengthen the trading market for OTC equity securities.\41\
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    \39\ See supra note 4.
    \40\ See OTC Markets Letter at 1.
    \41\ See OTC Markets Letter at 1.
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    The commenter stated that the proposed rules governing conduct,
fair access and data would provide the necessary equal access for FINRA
member broker-dealers without creating unnecessary burden on the
commenter's inter-dealer quotation system or other qualifying inter-
dealer quotation systems.\42\ The commenter believed that the proposal
would enhance FINRA's oversight of quotes in OTC equity securities by
applying targeted regulations to qualifying inter-dealer quotation
systems.\43\ The commenter supported FINRA's goal to ensure fair access
to quoting, trading and market data for OTC equity securities.\44\ The
commenter agreed with the approach of extending fair access
requirements to include policies and procedures relating to fair and
consistent treatment of quotes received and welcomed the additional
oversight to be provided by FINRA in this area, which the commenter
believes would build investor confidence and market integrity.\45\ The
commenter also believed that the requirement to provide FINRA a written
description of all data products would ensure a baseline of reliable,
accurate information available to all investors and the proposal's
minimal amendments to existing information recording and reporting
requirements likewise would improve the data available to FINRA, while
shifting the reporting responsibility to the qualifying inter-dealer
quotation system handling the applicable quotes.\46\
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    \42\ See OTC Markets Letter at 2.
    \43\ See OTC Markets Letter at 2.
    \44\ See OTC Markets Letter at 2.
    \45\ See OTC Markets Letter at 3.
    \46\ See OTC Markets Letter at 3.
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    The commenter stated that FINRA's discontinuing operation of the
OTCBB, in conjunction with FINRA's expanded oversight of qualifying
inter-dealer

quotation systems, would help eliminate investor and issuer confusion,
while promoting the goals underlying Section 17B of the Act.\47\ The
commenter noted that much has changed over the past quarter century
since the enactment of Section 17B of the Act.\48\ The commenter agreed
with FINRA that the OTCBB no longer fulfills the Section 17B
mandate,\49\ while the private sector has produced systems, such as the
commenter's own inter-dealer quotation system, that meet the
information needs of investors, regulators and other market
participants, and are regulated by FINRA and the Commission.\50\
---------------------------------------------------------------------------

    \47\ See OTC Markets Letter at 2.
    \48\ See OTC Markets Letter at 4.
    \49\ See supra notes 17-18, and accompanying text.
    \50\ See OTC Markets Letter at 5.
---------------------------------------------------------------------------

IV. Proceedings To Determine Whether To Approve or Disapprove SR-FINRA-
2014-030

    The Commission is instituting proceedings pursuant to Section
19(b)(2)(B) of the Act \51\ to determine whether the proposed rule
change should be approved or disapproved. Institution of such
proceedings appears appropriate at this time in view of the legal and
policy issues raised by the proposal. As noted above, 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 whether to approve or disapprove the
proposed rule change.
---------------------------------------------------------------------------

    \51\ 15 U.S.C. 78s(b)(2)(B).
---------------------------------------------------------------------------

    Pursuant to Section 19(b)(2)(B) of the Act,\52\ the Commission is
providing notice of the grounds for disapproval under consideration. In
particular, Section 15A(b)(6) of the Act,\53\ requires, among other
things, that FINRA rules must be designed to prevent fraudulent and
manipulative acts and practices, to promote just and equitable
principles of trade, and, in general, to protect investors and the
public interest. In addition, Section 15A(b)(11) of the Act,\54\
requires, among other that's, that FINRA rules include provisions
governing the form and content of quotations relating to securities
sold otherwise than on a national securities exchange which may be
distributed or published by any member or person associated with a
member, and the persons to whom such quotations may be supplied.
Further, Section 17B of the Act \55\ provides, among other things, that
the Commission shall facilitate the widespread dissemination of
reliable and accurate last sale and quotation information with respect
to penny stocks.
---------------------------------------------------------------------------

    \52\ Id.
    \53\ 15 U.S.C. 78o-3(b)(6).
    \54\ 15 U.S.C. 78o-3(b)(11).
    \55\ 15 U.S.C. 78q-2.
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    The Commission believes FINRA's proposed rule change raises
questions as to whether it is consistent with the requirements of
Sections 15A(b)(6), 15A(b)(11), and 17B of the Act.

V. Procedure: Request for Written Comments

    The Commission requests that interested persons provide written
submissions of their views, data, and arguments with respect to the
concerns identified above, as well as any others they may have with the
proposal. In particular, the Commission invites the written views of
interested persons concerning whether the proposed rule change is
inconsistent with Sections 15A(b)(6), 15A(b)(11), and 17B or any other
provision of the Act, or the rules and regulation thereunder.
    Although there do not appear to be any issues relevant to approval
or disapproval which would be facilitated by an oral presentation of
views, data, and arguments, the Commission will consider, pursuant to
Rule 19b-4, any request for an opportunity to make an oral
presentation.\56\
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    \56\ Section 19(b)(2) of the Act, as amended by the Securities
Act Amendments of 1975, Public Law 94-29 (June 4, 1975), grants 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).
---------------------------------------------------------------------------

    Interested persons are invited to submit written data, views, and
arguments regarding whether the proposed rule change should be
disapproved by November 4, 2014. Any person who wishes to file a
rebuttal to any other person's submission must file that rebuttal by
November 18, 2014.
    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-FINRA-2014-030 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-FINRA-2014-030. 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 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-FINRA-2014-030 and should be
submitted on or before November 4, 2014. Rebuttal comments should be
submitted by November 18, 2014.

    For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\57\
---------------------------------------------------------------------------

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

Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2014-24302 Filed 10-10-14; 8:45 am]
BILLING CODE 8011-01-P


[Federal Register Volume 79, Number 221 (Monday, November 17, 2014)]
[Rules and Regulations]
[Pages 68360-68362]
[FR Doc No: 2014-26862]

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DEPARTMENT OF TRANSPORTATION

Federal Aviation Administration

14 CFR Part 97

[Docket No. 30983 Amdt. No. 3613]

Standard Instrument Approach Procedures, and Takeoff Minimums and
Obstacle Departure Procedures; Miscellaneous Amendments

AGENCY: Federal Aviation Administration (FAA), DOT.

ACTION: Final rule.

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SUMMARY: This rule establishes, amends, suspends, or revokes Standard
Instrument Approach Procedures (SIAPs) and associated Takeoff Minimums
and Obstacle Departure Procedures for operations at certain airports.
These regulatory actions are needed because of the adoption of new or
revised criteria, or because of changes occurring in the National
Airspace System, such as the commissioning of new navigational
facilities, adding new obstacles, or changing air traffic requirements.
These changes are designed to provide safe and efficient use of the
navigable airspace and to promote safe flight operations under
instrument flight rules at the affected airports.

DATES: This rule is effective November 17, 2014. The compliance date
for each SIAP, associated Takeoff Minimums, and ODP is specified in the
amendatory provisions.
    The incorporation by reference of certain publications listed in
the regulations is approved by the Director of the Federal Register as
of November 17, 2014.

ADDRESSES: Availability of matters incorporated by reference in the
amendment is as follows:
    For Examination--
    1. FAA Rules Docket, FAA Headquarters Building, 800 Independence
Avenue SW., Washington, DC 20591;
    2. The FAA Regional Office of the region in which the affected
airport is located;
    3. The National Flight Procedures Office, 6500 South MacArthur
Blvd., Oklahoma City, OK 73169 or,
    4. The National Archives and Records Administration (NARA). For
information on the availability of this material at NARA, call 202-741-
6030, or go to: http://www.archives.gov/federal_register/code_of_federal_regulations/ibr_locations.html.
    Availability--All SIAPs and Takeoff Minimums and ODPs are available
online free of charge. Visit http://www.nfdc.faa.gov to register.
Additionally, individual SIAP and Takeoff Minimums and ODP copies may
be obtained from:
    1. FAA Public Inquiry Center (APA-200), FAA Headquarters Building,
800 Independence Avenue SW., Washington, DC 20591; or
    2. The FAA Regional Office of the region in which the affected
airport is located.

FOR FURTHER INFORMATION CONTACT: Richard A. Dunham III, Flight
Procedure Standards Branch (AFS-420), Flight Technologies and Programs
Divisions, Flight Standards Service, Federal Aviation Administration,
Mike Monroney Aeronautical Center, 6500 South MacArthur Blvd., Oklahoma
City, OK 73169 (Mail Address: P.O. Box 25082, Oklahoma City, OK 73125)
Telephone:<PHONE_NUMBER>.

SUPPLEMENTARY INFORMATION: This rule amends Title 14 of the Code of
Federal Regulations, Part 97 (14 CFR part 97), by establishing,
amending, suspending, or revoking SIAPS, Takeoff Minimums and/or ODPS.
The complete regulators description of each SIAP and its associated
Takeoff Minimums or ODP for an identified airport is listed on FAA form
documents which are incorporated by reference in this amendment under 5
U.S.C. 552(a), 1 CFR part 51, and 14 CFR part 97.20. The applicable FAA
Forms are FAA Forms 8260-3, 8260-4, 8260-5, 8260-15A, and 8260-15B when
required by an entry on 8260-15A.
    The large number of SIAPs, Takeoff Minimums and ODPs, in addition
to their complex nature and the need for a special format make
publication in the Federal Register expensive and impractical.
Furthermore, airmen do not use the regulatory text of the SIAPs,
Takeoff Minimums or ODPs, but instead refer to their depiction on
charts printed by publishers of aeronautical materials. The advantages
of incorporation by reference are realized and publication of the
complete description of each SIAP, Takeoff Minimums and ODP listed on
FAA forms is unnecessary. This amendment provides the affected CFR

sections and specifies the types of SIAPs and the effective dates of
the, associated Takeoff Minimums and ODPs. This amendment also
identifies the airport and its location, the procedure, and the
amendment number.

The Rule

    This amendment to 14 CFR part 97 is effective upon publication of
each separate SIAP, Takeoff Minimums and ODP as contained in the
transmittal. Some SIAP and Takeoff Minimums and textual ODP amendments
may have been issued previously by the FAA in a Flight Data Center
(FDC) Notice to Airmen (NOTAM) as an emergency action of immediate
flight safety relating directly to published aeronautical charts. The
circumstances which created the need for some SIAP and Takeoff Minimums
and ODP amendments may require making them effective in less than 30
days. For the remaining SIAPS and Takeoff Minimums and ODPS, an
effective date at least 30 days after publication is provided.
    Further, the SIAPs and Takeoff Minimums and ODPS contained in this
amendment are based on the criteria contained in the U.S. Standard for
Terminal Instrument Procedures (TERPS). In developing these SIAPS and
Takeoff Minimums and ODPs, the TERPS criteria were applied to the
conditions existing or anticipated at the affected airports. Because of
the close and immediate relationship between these SIAPs, Takeoff
Minimums and ODPs, and safety in air commerce, I find that notice and
public procedures before adopting these SIAPS, Takeoff Minimums and
ODPs are impracticable and contrary to the public interest and, where
applicable, that good cause exists for making some SIAPs effective in
less than 30 days.

Conclusion

    The FAA has determined that this regulation only involves an
established body of technical regulations for which frequent and
routine amendments are necessary to keep them operationally current.
It, therefore--(1) is not a ``significant regulatory action'' under
Executive Order 12866; (2) is not a ``significant rule '' under DOT
Regulatory Policies and Procedures (44 FR 11034; February 26, 1979);
and (3) does not warrant preparation of a regulatory evaluation as the
anticipated impact is so minimal. For the same reason, the FAA
certifies that this amendment will not have a significant economic
impact on a substantial number of small entities under the criteria of
the Regulatory Flexibility Act.

List of Subjects in 14 CFR Part 97

    Air Traffic Control, Airports, Incorporation by reference, and
Navigation (air).

    Issued in Washington, DC, on October 10, 2014.
John Duncan,
Director, Flight Standards Service.

Adoption of the Amendment

    Accordingly, pursuant to the authority delegated to me, Title 14,
Code of Federal Regulations, Part 97 (14 CFR part 97) is amended by
establishing, amending, suspending, or revoking Standard Instrument
Approach Procedures and/or Takeoff Minimums and/or Obstacle Departure
Procedures effective at 0902 UTC on the dates specified, as follows:

PART 97--STANDARD INSTRUMENT APPROACH PROCEDURES

0
1. The authority citation for part 97 continues to read as follows:

    Authority: 49 U.S.C. 106(g), 40103, 40106, 40113, 40114, 40120,
44502, 44514, 44701, 44719, 44721-44722.

0
2. Part 97 is amended to read as follows:

Effective 13 November 2014

Akutan, AK, Akutan, RNAV (GPS) RWY 9, Orig
Akutan, AK, Akutan, RNAV (GPS) RWY 27, Amdt 1
Akutan, AK, Akutan, RNAV (GPS)-A, Amdt 1
Nome, AK, Nome, ILS OR LOC/DME Y RWY 28, Amdt 4
Nome, AK, Nome, RNAV (GPS) RWY 3, Amdt 1
Nome, AK, Nome, RNAV (GPS) RWY 10, Amdt 2
Nome, AK, Nome, RNAV (GPS) RWY 28, Amdt 2
Selma, AL, Craig Field, ILS Y OR LOC Y RWY 33, Orig
Selma, AL, Craig Field, ILS Z OR LOC Z RWY 33, Amdt 2
Selma, AL, Craig Field, NDB RWY 33, Amdt 5
Selma, AL, Craig Field, RNAV (GPS) RWY 15, Amdt 1
Selma, AL, Craig Field, RNAV (GPS) RWY 33, Amdt 1
Selma, AL, Craig Field, VOR RWY 15, Amdt 1, CANCELED
Selma, AL, Craig Field, VOR RWY 33, Orig-A, CANCELED
Conway, AR, Cantrell Field, RNAV (GPS) RWY 4, Orig
Conway, AR, Cantrell Field, RNAV (GPS) RWY 22, Orig
Conway, AR, Cantrell Field, Takeoff Minimums and Obstacle DP, Orig
Hope, AR, Hope Muni, Takeoff Minimums and Obstacle DP, Amdt 1
Hope, AR, Hope Muni, VOR/DME RWY 4, Orig
Hope, AR, Hope Muni, VOR/DME RWY 22, Orig
Glendale, AZ, Glendale Muni, DRAKE TWO, Graphic DP
Springerville, AZ, Springerville Muni, RNAV (GPS) RWY 21, Amdt 1B
Santa Rosa, CA, Charles M. Schulz--Sonoma County, RNAV (GPS) RWY 14,
Amdt 2
Santa Rosa, CA, Charles M. Schulz--Sonoma County, VOR/DME RWY 14,
Amdt 3
Denver, CO, Rocky Mountain Metropolitan, ILS OR LOC RWY 30R, Amdt 15
Denver, CO, Rocky Mountain Metropolitan, ILS OR LOC Z RWY 29R, Orig-
B, CANCELED
Denver, CO, Rocky Mountain Metropolitan, RNAV (GPS) RWY 30L, Amdt 2
Denver, CO, Rocky Mountain Metropolitan, RNAV (GPS) RWY 30R, Amdt 2
Denver, CO, Rocky Mountain Metropolitan, VOR/DME RWY 30L/R, Amdt 1
Jacksonville, FL, Cecil, ILS OR LOC RWY 36R, Amdt 3
Jacksonville, FL, Cecil, RNAV (GPS) RWY 9R, Amdt 1
Jacksonville, FL, Cecil, RNAV (GPS) RWY 18L, Amdt 1
Jacksonville, FL, Cecil, RNAV (GPS) RWY 18R, Orig
Jacksonville, FL, Cecil, RNAV (GPS) RWY 27L, Amdt 1
Jacksonville, FL, Cecil, RNAV (GPS) RWY 36L, Orig
Jacksonville, FL, Cecil, RNAV (GPS) RWY 36R, Amdt 1
Plant City, FL, Plant City, RNAV (GPS) RWY 28, Orig
Millen, GA, Millen, RNAV (GPS) RWY 17, Amdt 2
Millen, GA, Millen, RNAV (GPS) RWY 35, Amdt 1
Chicago, IL, Chicago Midway Intl, RNAV (RNP) X RWY 22L, Orig
Chicago, IL, Chicago Midway Intl, RNAV (RNP) Y RWY 22L, Amdt 2
Winfield/Arkansas City, KS, Strother Field, RNAV (GPS) RWY 17, Amdt
1
Winfield/Arkansas City, KS, Strother Field, RNAV (GPS) RWY 35, Amdt
1
Campbellsville, KY, Taylor County, NDB RWY 23, Amdt 4, CANCELED
Campbellsville, KY, Taylor County, RNAV (GPS) RWY 5, Amdt 1
Campbellsville, KY, Taylor County, RNAV (GPS) RWY 23, Amdt 1
Campbellsville, KY, Taylor County, VOR/DME-A, Amdt 7
Cynthiana, KY, Cynthiana-Harrison County, RNAV (GPS) RWY 11, Orig
Cynthiana, KY, Cynthiana-Harrison County, RNAV (GPS) RWY 29, Orig
Cynthiana, KY, Cynthiana-Harrison County, Takeoff Minimums and
Obstacle DP, Orig
Prestonsburg, KY, Big Sandy Rgnl, RNAV (GPS) RWY 3, Amdt 1
Prestonsburg, KY, Big Sandy Rgnl, RNAV (GPS) RWY 21, Amdt 2
Prestonsburg, KY, Big Sandy Rgnl, VOR/DME-A, Amdt 3
Marshfield, MA, Marshfield Muni--George Harlow Field, NDB RWY 6,
Amdt 5
Marshfield, MA, Marshfield Muni--George Harlow Field, NDB RWY 24,
Amdt 3
Marshfield, MA, Marshfield Muni--George Harlow Field, RNAV (GPS) RWY
6, Amdt 1
Marshfield, MA, Marshfield Muni--George Harlow Field, RNAV (GPS) RWY
24, Amdt 1

Marshfield, MA, Marshfield Muni--George Harlow Field, Takeoff
Minimums and Obstacle DP, Amdt 1
Belfast, ME, Belfast Muni, NDB RWY 15, Amdt 4
Belfast, ME, Belfast Muni, RNAV (GPS) RWY 15, Amdt 1
Belfast, ME, Belfast Muni, RNAV (GPS) RWY 33, Amdt 1
Fryeburg, ME, Eastern Slopes Rgnl, RNAV (GPS) RWY 32, Amdt 1
Grand Haven, MI, Grand Haven Memorial Airpark, VOR-A, Amdt 16A
Oxford, MS, University-Oxford, LOC Y RWY 9, Orig
Oxford, MS, University-Oxford, LOC Z RWY 9, Amdt 3
Oxford, MS, University-Oxford, RNAV (GPS) RWY 9, Amdt 1
Oxford, MS, University-Oxford, RNAV (GPS) RWY 27, Amdt 1
Oxford, MS, University-Oxford, Takeoff Minimums and Obstacle DP,
Amdt 2
Oxford, MS, University-Oxford, VOR/DME-A, Amdt 5
Wallace, NC, Henderson Field, GPS RWY 9, Orig, CANCELED
Wallace, NC, Henderson Field, GPS RWY 27, Orig, CANCELED
Wallace, NC, Henderson Field, RNAV (GPS) RWY 9, Orig
Wallace, NC, Henderson Field, RNAV (GPS) RWY 27, Orig
Seneca Falls, NY, Finger Lakes Rgnl, RNAV (GPS) RWY 1, Amdt 3
Seneca Falls, NY, Finger Lakes Rgnl, RNAV (GPS) RWY 19, Orig
White Plains, NY, Westchester County, ILS OR LOC RWY 16, ILS RWY 16
(SA CAT I), ILS RWY 16 SA CAT II), Amdt 25
Pendleton, OR, Eastern Oregon Rgnl At Pendleton, Takeoff Minimums
and Obstacle DP, Amdt 4
Somerset, PA, Somerset County, RNAV (GPS) RWY 7, Amdt 1
Somerset, PA, Somerset County, RNAV (GPS) RWY 25, Amdt 1
Marion, SC, Marion County, NDB RWY 4, Amdt 5
Marion, SC, Marion County, RNAV (GPS) RWY 4, Amdt 1
Marion, SC, Marion County, RNAV (GPS) RWY 22, Orig
Marion, SC, Marion County, Takeoff Minimums and Obstacle DP, Amdt 2
Marion, SC, Marion County, VOR/DME-A, Amdt 5
Rock Hill, SC, Rock Hill/York Co/Bryant Field, ILS Y OR LOC Y RWY 2,
Amdt 1
Rock Hill, SC, Rock Hill/York Co/Bryant Field, ILS Z OR LOC Z RWY 2,
Amdt 3
Rock Hill, SC, Rock Hill/York Co/Bryant Field, RNAV (GPS) RWY 2,
Amdt 3
Canadian, TX, Hemphill County, RNAV (GPS) RWY 4, Amdt 1
Canadian, TX, Hemphill County, Takeoff Minimums and Obstacle DP,
Amdt 3
Wendover, UT, Wendover, RNAV (GPS) RWY 26, Amdt 1
Wendover, UT, Wendover, RNAV (GPS)-A, Amdt 1
Wendover, UT, Wendover, RNAV (GPS)-C, Amdt 1
Wendover, UT, Wendover, Takeoff Minimums and Obstacle DP, Amdt 6
Wendover, UT, Wendover, VOR/DME-B, Amdt 1
Wendover, UT, Wendover, VOR/DME OR TACAN RWY 26, Amdt 1
Renton, WA, Renton Muni, NDB RWY 16, Amdt 8
Richland, WA, Richland, LOC RWY 19, Amdt 9
Richland, WA, Richland, RNAV (GPS) RWY 26, Amdt 2
Richland, WA, Richland, RNAV (GPS) Y RWY 19, Amdt 2
Richland, WA, Richland, RNAV (GPS) Z RWY 19, Amdt 1
Richland, WA, Richland, Takeoff Minimums and Obstacle DP, Amdt 9
Richland, WA, Richland, VOR/DME-A, Amdt 7
Seattle, WA, Seattle-Tacoma Intl, ILS OR LOC RWY 16C, ILS RWY 16C
(SA CAT I), ILS RWY 16C (CAT II), ILS RWY 16C (CAT III), Amdt 15
Seattle, WA, Seattle-Tacoma Intl, ILS OR LOC RWY 16L, ILS RWY 16L
(SA CAT I), ILS RWY 16L (CAT II), ILS RWY 16L (CAT III), Amdt 6
Seattle, WA, Seattle-Tacoma Intl, ILS OR LOC RWY 16R, ILS RWY 16R
(SA CAT I), ILS RWY 16R (CAT II), ILS RWY 16R (CAT III), Amdt 3
Seattle, WA, Seattle-Tacoma Intl, RNAV (GPS) Y RWY 16C, Amdt 3
Seattle, WA, Seattle-Tacoma Intl, RNAV (GPS) Y RWY 16L, Amdt 4
Seattle, WA, Seattle-Tacoma Intl, RNAV (GPS) Y RWY 16R, Amdt 2
Seattle, WA, Seattle-Tacoma Intl, RNAV (RNP) Z RWY 16C, Amdt 1
Seattle, WA, Seattle-Tacoma Intl, RNAV (RNP) Z RWY 16L, Amdt 1
Seattle, WA, Seattle-Tacoma Intl, RNAV (RNP) Z RWY 16R, Amdt 1
Seattle, WA, Seattle-Tacoma Intl, RNAV (RNP) Z RWY 34C, Amdt 1
Seattle, WA, Seattle-Tacoma Intl, RNAV (RNP) Z RWY 34L, Amdt 1
Seattle, WA, Seattle-Tacoma Intl, RNAV (RNP) Z RWY 34R, Amdt 1
La Crosse, WI, La Crosse Rgnl, ILS OR LOC RWY 18, Amdt 21
La Crosse, WI, La Crosse Rgnl, NDB RWY 18, Amdt 19A
La Crosse, WI, La Crosse Rgnl, RNAV (GPS) RWY 3, Amdt 1A
La Crosse, WI, La Crosse Rgnl, RNAV (GPS) RWY 13, Orig-A
La Crosse, WI, La Crosse Rgnl, RNAV (GPS) RWY 18, Orig-B
La Crosse, WI, La Crosse Rgnl, RNAV (GPS) RWY 21, Orig-A
La Crosse, WI, La Crosse Rgnl, RNAV (GPS) RWY 31, Orig-A
La Crosse, WI, La Crosse Rgnl, RNAV (GPS) RWY 36, Orig-A
La Crosse, WI, La Crosse Rgnl, VOR RWY 13, Amdt 31
La Crosse, WI, La Crosse Rgnl, VOR RWY 36, Amdt 32

[FR Doc. 2014-26862 Filed 11-14-14; 8:45 am]
BILLING CODE 4910-13-P


[Federal Register: September 28, 2009 (Volume 74, Number 186)]
[Notices]
[Page 49375]
[DOCID:fr28se09-54]

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DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission

[Docket No. EL07-56-009; Docket No. EL07-58-009]

Notice of Filing

September 18, 2009.

Allegheny Electric Cooperative, Inc., et al. v. PJM Interconnection,
LLC; Organization of PJM States, Inc., et al. v. PJM Interconnection,
LLC

    Take notice that on September 17, 2009, the Indiana Utility
Regulatory Commission filed a Confidentiality Certification as required
by sections 18.17.4 of the Operating Agreement of PJM Interconnection,
LLC.
    Any person desiring to intervene or to protest this filing must
file in accordance with Rules 211 and 214 of the Commission's Rules of
Practice and Procedure (18 CFR 385.211, 385.214). Protests will be
considered by the Commission in determining the appropriate action to
be taken, but will not serve to make protestants parties to the
proceeding. Any person wishing to become a party must file a notice of
intervention or motion to intervene, as appropriate. Such notices,
motions, or protests must be filed on or before the comment date.
Anyone filing a motion to intervene or protest must serve a copy of
that document on the Applicant and all the parties in this proceeding.
    The Commission encourages electronic submission of protests and
interventions in lieu of paper using the ``eFiling'' link at http://
www.ferc.gov. Persons unable to file electronically should submit an
original and 14 copies of the protest or intervention to the Federal
Energy Regulatory Commission, 888 First Street, NE., Washington, DC
20426.
    This filing is accessible on-line at http://www.ferc.gov, using the
``eLibrary'' link and is available for review in the Commission's
Public Reference Room in Washington, DC. There is an ``eSubscription''
link on the Web site that enables subscribers to receive e-mail
notification when a document is added to a subscribed docket(s). For
assistance with any FERC Online service, please e-mail
<EMAIL_ADDRESS>or call<PHONE_NUMBER> (toll free). For
TTY, call<PHONE_NUMBER>.
    Comment Date: 5 p.m. Eastern Time on October 1, 2009.

Kimberly D. Bose,
Secretary.
[FR Doc. E9-23285 Filed 9-25-09; 8:45 am]

BILLING CODE 6717-01-P