[Federal Register Volume 75, Number 237 (Friday, December 10, 2010)]
[Notices]
[Pages 77024-77027]
[FR Doc No: 2010-31102]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-63444; File No. SR-NYSE-2010-74]

Self-Regulatory Organizations; New York Stock Exchange LLC;
Notice of Filing of Proposed Rule Change To Create a Bond Trading
License for Member Organizations and Establish Bonds Liquidity
Providers as a New Market Class on NYSE Under a Pilot Program

December 6, 2010.
    Pursuant to Section 19(b)(1) \1\ of the Securities Exchange Act of
1934 (the ``Act'') \2\ and Rule 19b-4 thereunder,\3\ notice is hereby
given that, on November 23, 2010, New York Stock Exchange LLC (``NYSE''
or the ``Exchange'') filed with the Securities and Exchange Commission
(the ``Commission'') the proposed rule change as described in Items I,
II, and III below, which Items have been prepared by the self-
regulatory organization. The Commission is publishing this notice to
solicit comments on the proposed rule change from interested persons.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 15 U.S.C. 78a.
    \3\ 17 CFR 240.19b-4.
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I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change

    The Exchange proposes to establish a twelve-month pilot program to:
(1) Create a bond trading license for member organizations that desire
to trade only debt securities on the Exchange; and (2) establish a new
class of NYSE market participants, ``Bonds Liquidity Providers''
(``BLPs''). The text of the proposed rule change is available at the
Exchange, the Commission's Public Reference Room, and http://www.nyse.com.

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

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

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

1. Purpose
    NYSE proposes a twelve-month pilot program to: (1) Adopt new Rule
87 to create a bond trading license for member organizations that
desire to trade only debt securities on the NYSE; and (2) adopt new
Rule 88 to establish BLPs, a new class of debt market participants, and
provide them with financial incentives for bringing liquidity to the
Exchange's bond market. The purpose of the proposed rule change is to
encourage market participants to bring additional liquidity to the
Exchange's bond marketplace.

Background on the Current NYSE Bond Trading Platform

    The Exchange began trading bonds electronically in 1977 with the
introduction of the Automated Bond System (``ABS''). In 2007, the
Exchange retired the ABS system, moved the platform to its Archipelago
technology, and replaced former Rule 86 (``Automated Bond System'')
with new Rule 86 (``NYSE Bonds'').\4\ The Exchange also filed Rules
1400 and 1401, expanding the number of debt issues that could be traded
on the exchange. Bonds eligible to trade on the NYSE Bonds platform
include any debt instrument that is listed on the NYSE and any
corporate debt of a listed company of the Exchange.
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    \4\ See Securities Exchange Act Release No. 55496 (March 20,
2007), 72 FR 14631 (March 28, 2007) (SR-NYSE-2006-37).
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    Despite these changes, the Exchange has failed to attract
meaningful trading volume. The NYSE Bonds platform executes between 0
and 20 trades per day, with an average sized trade of 20 bonds.
Currently, there are no incentive programs in place to provide
liquidity to NYSE Bonds. The Exchange believes that the pilot incentive
programs proposed in this filing will attract providers to NYSE Bonds
and create more liquidity and transparency in the retail corporate bond
market.

Bond Trading License

    The Exchange proposes to establish a new bonds-only trading license
to encourage more member organizations to trade debt securities on the
NYSE.\5\ Currently, an approved member organization may obtain a
trading license pursuant to Rule 300, which permits them to trade all
debt and equity securities listed on the Exchange.

Under proposed Rule 87, a member organization that chooses to trade
only bonds, or a new member organization who desires to trade only
bonds, could apply for a bond trading license (``BTL'') under proposed
Rule 87. A BTL would be available to any approved NYSE member
organization. A BTL license would not be transferable and could not, in
whole or in part, be transferred, assigned, sublicensed or leased.
However, the holder of the BTL could, with the prior written consent of
the Exchange, transfer a BTL to a qualified and approved member
organization (i) that is an affiliate or (ii) that continues
substantially the same business of such BTL holder without regard to
the form of the transaction used to achieve such continuation, e.g.,
merger, sale of substantially all assets, reincorporation,
reorganization or the like.
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    \5\ The NYSE intends to submit a separate fee filing to address
the proposed bond trading license.
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Background on BLPs

    The Exchange also proposes to create a new class of market
participant, BLPs, which would serve a function similar to the function
served by Supplemental Liquidity Providers (``SLPs'') trading equity
securities in the Exchange's New Market Model.\6\ The structure of the
corporate bond market consists of thousands of bonds, with liquidity
spread inconsistently across many issues. Under proposed Rule 88, the
Exchange would provide incentives for quoting and adding liquidity to
the bond market via the BLP program. Under a current pilot program,
bond platform participants are only charged a graduated fee for
liquidity taking transactions.\7\ Proposed Rule 88 seeks to provide an
additional incentive in the form of a rebate to BLPs who provide
liquidity to the Exchange's bond market. The Exchange believes that the
rebate would encourage the additional utilization of, and interaction
with, the NYSE and improve price discovery and liquidity and encourage
competitive quotes and price improvement opportunities. These
incentives should encourage BLPs to make more liquid and competitive
markets.
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    \6\ See Securities Exchange Act Release No. 58877 (October 29,
2008), 73 FR 65904 (November 5, 2008) (SR-NYSE-2008-108)
(establishing SLP Pilot); Securities Exchange Act Release No. 58845
(October 24, 2008), 73 FR 64379 (October 29, 2008) (SR-NYSE-2008-46)
(establishing New Market Model Pilot); Securities Exchange Act
Release No. 62814 (September 1, 2010), 75 FR 54671 (September 8,
2010) (SR-NYSE-2010-61 (extending the Pilots until January 31,
2011).
    \7\ See Securities Exchange Act Release No. 62455 (July 6,
2010), 75 FR 40004 (July 13, 2010) (SR-NYSE-2010-51); see also
Securities Exchange Act Release No. 57176 (January 18, 2008), 73 FR
4929 (January 28, 2008) (SR-NYSE-2008-04). The pilot program, which
is scheduled to expire in December 31, 2010, provides for the
following transaction fee schedule: (1) When the liquidity taker
purchases or sells from one to 10 bonds, the Exchange charges an
execution fee of $0.50 per bond; (2) when the liquidity taker
purchases or sells from 11 to 25 bonds, the Exchange charges an
execution fee of $0.20 per bond, and (3) when the liquidity taker
purchases or sells 26 bonds or more, the Exchange charges an
execution fee of $0.10 per bond. There is a $100 execution fee cap
per transaction. The Exchange intends to submit a separate filing to
make the pilot program permanent.
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Responsibilities of BLPs

(A) Quoting Requirements

    Under proposed Rule 88(a), a BLP would be required to maintain: (1)
A bid at least seventy percent (70%) of the trading day for a bond; (2)
an offer at least seventy percent (70%) of the trading day for a bond;
and (3) a bid or offer at the Exchange's Best Bid (``BB'') or
Exchange's Best Offer (``BO'') at least five percent (5%) of the
trading day in each of its bonds in the aggregate. To create a
financial incentive to serve as a BLP, proposed Rule 88(b) provides
that a BLP that meets the quoting requirement for a bond as described
in paragraph (a) would receive the liquidity provider rebate set forth
in the Exchange's Price List. The Exchange intends to submit a separate
filing that would set the liquidity provider rebate at $0.05 per bond,
with a $50 rebate cap per transaction.
    Currently, there are no live quote obligations in the corporate
bond market.\8\ The proposed live quoting obligation, combined with the
additional obligation of being on the BB or BO at least five percent of
the day, presents a significant market and technological change for
fixed income dealers. As such, NYSE believes that the proposed rule
change would strike an appropriate balance between the quoting
obligations and financial incentives offered to BLPs. Nonetheless, in
keeping with the pilot status of the proposed rule changes, the
Exchange would monitor and evaluate this balance during the course of
the pilot; as more liquidity is brought to the NYSE bond marketplace,
the Exchange may consider revising the incentive and quoting structure
as needed.
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    \8\ The absence of such data makes it difficult to evaluate the
quality of such markets.
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(B) Qualifications

    To qualify as a BLP under proposed Rule 88(c), a member
organization would be required to: (1) Demonstrate an ability to meet
the quoting requirements of a BLP; (2) have mnemonics that identify to
the Exchange BLP trading activity in assigned BLP bonds; (3) have
adequate trading infrastructure and technology to support electronic
trading.
    Because a BLP would only be permitted to trade electronically from
off the Floor of the Exchange, a member organization's off-Floor
technology must be fully automated to accommodate the Exchange's
trading and reporting systems that are relevant to operating as a BLP.
If a member organization were unable to support the relevant electronic
trading and reporting systems of the Exchange for BLP trading activity,
it would not qualify as a BLP.

(C) Application Process

    Under proposed Rule 88(d), to become a BLP, a member organization
would be required to submit a BLP application form with all supporting
documentation to the Exchange. The Exchange would determine whether an
applicant was qualified to become a BLP as set forth above. After an
applicant submitted a BLP application to the Exchange, with supporting
documentation, the Exchange would notify the applicant member
organization of its decision. If an applicant were approved by the
Exchange to act as a BLP, the applicant would be required to establish
connectivity with relevant Exchange systems before the applicant would
be permitted to trade as a BLP on the Exchange. In the event an
applicant is disapproved or disqualified under proposed Rule 88(d)(4)
or (i)(2) by the Exchange, such applicant may request an appeal of such
disapproval or disqualification by the Exchange as provided in proposed
Rule 88(j) of the Rule, and/or reapply for BLP status three (3) months
after the month in which the applicant received disapproval or
disqualification notice from the Exchange.

(D) Voluntary Withdrawal of BLP Status

    A BLP would be permitted to withdraw from the status of a BLP by
giving notice to the Exchange. Such withdrawal would become effective
when those bonds assigned to the withdrawing BLP are reassigned to
another BLP. After the Exchange receives the notice of withdrawal from
the withdrawing BLP, the Exchange would reassign such bonds as soon as
practicable, but no later than 30 days of the date the notice was
received by the Exchange. If the reassignment of bonds takes longer
than the 30-day period, the withdrawing BLP would have no further
obligations and would not be held responsible for any matters
concerning its previously assigned BLP bonds.

(E) Calculation of Quoting Requirements

    Beginning with the first month of operation as a BLP, the BLP must
satisfy

the 70% quoting requirement for each of its assigned BLP bonds. The
Exchange would determine whether a BLP met its 70% quoting requirement
by determining the average percentage of time a BLP was at a bid
(offer) in each of its BLP bonds during the regular trading day \9\ on
a daily and monthly basis. The Exchange would determine whether a BLP
has met this requirement by calculating the following:
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    \9\ ``Trading day'' means any day on which the Exchange is
scheduled to be open for business. Days on which the Exchange closes
prior to 4 p.m. (Eastern Time) for any reason, which may include any
regulatory halt or trading halt, are considered a trading day.
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     A ``Daily Bid Quoting Percentage'' would be calculated by
determining the percentage of time a BLP had at least 10 displayed BLP
bonds at a single price level in an Exchange bid during each trading
day for a calendar month;
     A ``Daily Offer Quoting Percentage'' would be calculated
by determining the percentage of time a BLP had at least 10 displayed
BLP bonds at a single price level in an Exchange offer during each
trading day for a calendar month;
     A ``Monthly Average Bid Quoting Percentage'' would be
calculated for each BLP bond by summing the bond's ``Daily Bid Quoting
Percentages'' for each trading day in a calendar month then dividing
the resulting sum by the total number of trading days in such calendar
month; and
     A ``Monthly Average Offer Quoting Percentage'' would be
calculated for each BLP bond by summing the bond's ``Daily Offer
Quoting Percentage'' for each trading day in a calendar month then
dividing the resulting sum by the total number of trading days in such
calendar month.
    Only displayed orders entered throughout the trading day would be
used when calculating whether a BLP is in compliance with its 70%
average quoting requirements.
    The BLP's 5% quoting requirements would not be in effect during the
first two months of operation as a BLP in order to allow the BLP time
to achieve this quoting metric. The 5% quoting requirement would take
effect in the third month of a BLP's operation. At that time, a BLP
would be required to satisfy the 5% quoting requirement for each
assigned BLP bond. The Exchange would determine whether a BLP had met
its 5% quoting requirement by determining the average percentage of
time a BLP was at the BB or BO in each of its assigned BLP bonds during
the regular trading day on a daily and monthly basis, as follows:
     A ``Daily BB Quoting Percentage'' would be calculated by
determining the percentage of time a BLP had at least one displayed BLP
bond in an Exchange bid at the BB during each trading day for a
calendar month;
     A ``Daily BO Quoting Percentage'' would be calculated by
determining the percentage of time a BLP had at least one displayed BLP
bond in an Exchange offer at the BO during each trading day for a
calendar month;
     A ``Daily BBO Quoting Percentage'' would be calculated for
each trading day by summing the ``Daily BB Quoting Percentage'' and the
``Daily BO Quoting Percentage'' in each BLP bond; and
     A ``Monthly Average BBO Quoting Percentage'' would be
calculated for each BLP bond by summing the bond's ``Daily BBO Quoting
Percentages'' for each trading day in a calendar month then dividing
the resulting sum by the total number of trading days in such calendar
month.
    Only displayed orders at the BB and BO throughout the trading day
would be used when calculating whether a BLP is in compliance with its
5% average quoting requirement.

(F) Matching of BLPs and Issuers

    During the proposed pilot program, an issuer may be represented by
only one BLP. Prior to the commencement of the pilot, the Exchange
would match issuers with BLPs that have been approved under proposed
Rule 88(d) in the following manner. In the first round of matching, the
Exchange would match BLPs to issuers that have at least one debt issue
with a current outstanding principal of $500 million or greater. BLPs
would be permitted to select the issuers that they want to represent
from this group; the order in which BLPs would be permitted to make
their selections would be determined by lottery. Each BLP would make
one selection in the random order determined by the lottery, and the
process would continue until all BLPs have exhausted their selections
for this group of issuers.
    In the second round of matching, the Exchange would match BLPs to
issuers with one of more debt issues that each has a current
outstanding principal of less than $500 million. Each BLP would submit
a list of the issuers and the issuer's bonds that it would be willing
to represent. The BLP that is willing to represent the most bonds for a
given issuer would be matched to that issuer. In event of a tie (i.e.,
two or more issuers seeking to represent the same issuer and the same
number of that issuer's bonds), the BLP with the highest lottery number
from the first round would be matched with the issuer.
    After the commencement of the program, matching would continue in a
manner similar to the second round of matching prior to commencement of
the program. On a monthly basis, BLPs would be permitted to apply for
unrepresented issuers. The BLP willing to represent the most debt
issuances of an issuer would be awarded status as a BLP for such
issuer, with ties resolved by lottery.
    A BLP must represent each debt issuance of an issuer that has an
outstanding principal of $500 million or more. A BLP also may represent
any issuance below such level, but would not be required to do so. If a
BLP is representing a debt issuance that was above $500 million but
falls below such level, or has voluntarily been representing an
issuance below the $500 million level where the outstanding principal
amount has since been reduced, the BLP may cease representing such
issue by notifying the Exchange in writing by the 15th day of the
month, in which case the BLP may cease acting as such on the 1st day of
the following month.
    The Exchange believes that this matching process would be fair to
approved BLPs and beneficial to issuers. In light of the unique nature
of the debt market, the matching process would give BLPs the
opportunity to select the issuers that they want to represent and
thereby take into account the BLP's expertise in particular issuers and
sectors. The matching process for the largest issuers would be
determined on a random basis, while the matching process for smaller
issuers would be determined in favor of those BLPs willing to offer the
broadest coverage to such issuers. NYSE anticipates that this process
would result in the broadest coverage of issuers and sectors upon
commencement of the pilot.

(G) Failure To Meet Quoting Requirements

    If, in any given calendar month after the first two months a BLP
acted as a BLP, a BLP fails to meet any of the quoting requirements set
forth in paragraph (a) of proposed Rule 88, the BLP would no longer be
eligible for the rebate for the affected bond. If a BLP's failure to
meet the quoting requirements continues for three consecutive calendar
months in any assigned BLP bond, the Exchange could, in its discretion,
take one or more of the following actions: (i) Revoke the assignment of
all of the affected issuer's bonds from the BLP; (ii) revoke the
assignment of an additional unaffected issuer from a BLP; or (iii)
disqualify a member organization from its status as a BLP.

    The Exchange, in its sole discretion, would determine if and when a
member organization is disqualified from its status as a BLP. One
calendar month prior to any such determination, the Exchange would
notify a BLP of such impending disqualification in writing. When
disqualification determinations are made, the Exchange would provide a
disqualification notice to the member organization.
    If a member organization were disapproved pursuant to paragraph
(d)(2) of the proposed Rule or disqualified from its status as a BLP
pursuant to paragraph (i)(1)(C) of the proposed Rule, such member
organization could re-apply for BLP status three calendar months after
the month in which the member organization received its
disqualification notice.

(H) Appeal of Disapproval or Disqualification

    In the event a member organization disputes the Exchange's decision
to disapprove or disqualify it under Rule 88(d)(4) or (i)(2), such
member organization (``appellant'') may request, within five (5)
business days of receiving notice of the decision, the Bond Liquidity
Provider Panel (``BLP Panel'') to review all such decisions to
determine if such decisions were correct.
    In the event a member organization is disqualified from its status
as a BLP pursuant to proposed Rule 88(i)(2), the Exchange will not
reassign the appellant's bonds to a different BLP until the BLP Panel
has informed the appellant of its ruling.
    The BLP Panel will consist of the NYSE's Chief Regulatory Officer
(``CRO''), or a designee of the CRO, and two (2) officers of the
Exchange designated by the Co-Head of U.S. Listings and Cash Execution.
The BLP Panel will review the facts and render a decision within the
time frame prescribed by the Exchange. The BLP Panel may overturn or
modify an action taken by the Exchange and all determinations by the
BLP Panel will constitute final action by the Exchange on the matter at
issue.
2. Statutory Basis
    The Exchange believes that its proposal is consistent with Section
6(b) of the Act,\10\ in general, and furthers the objectives of Section
6(b)(5) of the Act,\11\ in particular, in that it is designed to
prevent fraudulent and manipulative acts and practices, to promote just
and equitable principles of trade, to remove impediments to and perfect
the mechanism of a free and open market and a national market system,
and, in general, to protect investors and the public interest. The
Exchange believes the proposed rule changes are consistent with these
principles in that they seek to expand the number of member
organizations that can trade debt securities on the NYSE, establish a
new class of market participants, BLPs, that will provide additional
liquidity to the bond market, and in general promote a free and open
market. The Exchange believes that investors will benefit from
increased transparency, competition and liquidity in its bond
marketplace.
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    \10\ 15 U.S.C. 78f(b).
    \11\ 15 U.S.C. 78f(b)(5).
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B. Self-Regulatory Organization's Statement on Burden on Competition

    The Exchange does not believe that the proposed rule change will
impose any burden on competition 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

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

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

    Within 45 days of the date of publication of this notice in the
Federal Register or within such longer period (i) as the Commission may
designate up to 90 days of such date if it finds such longer period to
be appropriate and publishes its reasons for so finding or (ii) as to
which the self-regulatory organization consents, the Commission will:
    (A) By order approve or disapprove the proposed rule change, or
    (B) Institute proceedings to determine whether the proposed rule
change should be disapproved.

IV. Solicitation of Comments

    Interested persons are invited to submit written data, views, and
arguments concerning the foregoing, including whether the proposed rule
change is consistent with the Act. Comments may be submitted by any of
the following methods:

Electronic Comments

     Use the Commission's Internet comment form http://www.sec.gov/rules/sro.shtml; or
     Send an e-mail to<EMAIL_ADDRESS>Please include
File Number SR-NYSE-2010-74 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-NYSE-2010-74. This file
number should be included on the subject line if e-mail is used. To
help the Commission process and review your comments more efficiently,
please use only one method. The Commission will post all comments on
the Commission's Internet Web site (http://www.sec.gov/rules/sro.shtml). Copies of the submission, all subsequent amendments, all
written statements with respect to the proposed rule change that are
filed with the Commission, and all written communications relating to
the proposed rule change between the Commission and any person, other
than those that may be withheld from the public in accordance with the
provisions of 5 U.S.C. 552, will be available for Web site viewing and
printing in the Commission's Public Reference Section, 100 F Street,
NE., Washington, DC 20549-1090, on official business days between the
hours of 10 a.m. and 3 p.m. Copies of the filing will also be available
for inspection and copying at the NYSE's principal office and on its
Web site at http://www.nyse.com. 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-NYSE-2010-74 and should be submitted on or before
January 3, 2011.

    For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\12\
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    \12\ 17 CFR 200.30-3(a)(12).
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Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010-31102 Filed 12-9-10; 8:45 am]
BILLING CODE 8011-01-P


[Federal Register Volume 76, Number 229 (Tuesday, November 29, 2011)]
[Notices]
[Pages 73689-73691]
[FR Doc No: 2011-30565]

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DEPARTMENT OF LABOR

Occupational Safety and Health Administration

[Docket No. OSHA-2011-0065]

National Advisory Committee on Occupational Safety and Health
(NACOSH)

AGENCY: Occupational Safety and Health Administration (OSHA), Labor.

ACTION: Announcement of meetings of the National Advisory Committee on
Occupational Safety and Health (NACOSH) and NACOSH Work Groups.

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SUMMARY: The National Advisory Committee on Occupational Safety and
Health (NACOSH) will meet December 14 and 15, 2011, in Washington, DC.
In conjunction with the committee meeting, NACOSH Work Groups will meet
on December 14, 2011.

DATES: NACOSH meeting: NACOSH will meet from 1 to 5 p.m., Wednesday,
December 14, 2011, and from 9 a.m. to 4:30 p.m. on Thursday, December
15, 2011.
    NACOSH Work Group meetings: The NACOSH Work Groups will meet from 9
a.m. to noon, December 14, 2011.
    Submission of comments, requests to speak, speaker presentations
and requests for special accommodation: Comments, requests to speak at
the NACOSH meeting, speaker presentations, and requests for special
accommodations for the NACOSH and NACOSH Work Group meetings must be
submitted (postmarked, sent, transmitted) by December 7, 2011.

ADDRESSES: NACOSH and NACOSH Work Group meetings: NACOSH and its Work
Groups will meet in Room S-4215 A/B/C U.S. Department of Labor, 200
Constitution Avenue NW., Washington, DC 20210.
    Submission of comments, requests to speak and speaker
presentations: You must submit comments, requests to speak at the
NACOSH meeting and speaker presentations, identified by the docket
number for this Federal Register notice (Docket No. OSHA-2011-0065), by
one of the following methods:

    Electronically: You may submit materials, including attachments,
electronically at http://www.regulations.gov, the Federal eRulemaking
Portal. Follow the online instructions for making submissions.
    Facsimile: If your submission, including attachments, does not
exceed 10 pages, you may fax it to the OSHA Docket Office at (202) 693-
1648.
    Mail, express delivery, messenger or courier service: You may
submit your materials to the OSHA Docket Office, Room N-2625, U.S.
Department of Labor, 200 Constitution Avenue NW., Washington, DC 20210,
telephone<PHONE_NUMBER> (TTY<PHONE_NUMBER>). Deliveries (hand,
express mail, messenger, courier service) are accepted during the
Department of Labor's and OSHA Docket Office's normal business hours,
8:15 a.m. to 4:45 p.m., e.t., weekdays.
    Requests for special accommodation: You may submit requests for
special accommodations for the NACOSH and NACOSH Work Group meetings by
hard copy, telephone, or email to Ms. Veneta Chatmon, OSHA, Office of
Communications, Room N-3647, U.S. Department of Labor, 200 Constitution
Avenue NW., Washington, DC 20210; telephone<PHONE_NUMBER>; email
<EMAIL_ADDRESS>    Instructions: All submissions must include the Agency name and
docket number for this Federal Register notice (Docket No. OSHA-2011-
0065). Because of security-related procedures, submission by regular
mail may result in significant delay in receipt. Please contact the
OSHA Docket Office for information about security procedures for making
submissions. For additional information about submitting comments,
requests to speak and speaker presentations see the SUPPLEMENTARY
INFORMATION section of this notice.
    Comments, requests to speak and speaker presentations, including
personal information provided, will be placed in the public docket and
may be available online. Therefore, OSHA cautions interested parties
about submitting personal information such as Social Security numbers
and birthdates.

FOR FURTHER INFORMATION CONTACT: For press inquiries: Mr. Frank
Meilinger, OSHA, Office of Communications, U.S. Department of Labor,
Room N3647, 200 Constitution Avenue NW., Washington, DC 20210;
telephone<PHONE_NUMBER><EMAIL_ADDRESS>    For general information: Ms. Deborah Crawford, OSHA, Directorate of
Evaluation and Analysis, U.S. Department of Labor, Room N-3641, 200
Constitution Avenue NW., Washington, DC 20210; telephone (202) 693-
1932; email<EMAIL_ADDRESS>
SUPPLEMENTARY INFORMATION

NACOSH Meeting

    NACOSH will meet Wednesday, December 14, 2011, and Thursday
December 15, 2011, in Washington, DC. NACOSH meetings are open to the
public.
    Section 7(a) of the Occupational Safety and Health Act of 1970 (OSH
Act) (29 U.S.C. 651, 656) authorizes NACOSH to advise the Secretary of
Labor and the Secretary of Health and Human Services on matters
relating to the administration of the OSH Act. NACOSH is a continuing
advisory body and operates in accordance with the OSH Act, the Federal
Advisory Committee Act (5 U.S.C. App. 2), and regulations issued
pursuant to those laws (29 CFR part 1912a, 41 CFR part 102-3).
    The tentative agenda of the NACOSH meeting includes:
     Remarks from the Assistant Secretary of Labor for
Occupational Safety and Health;
     Remarks from the Director of the National Institute for
Occupational Safety and Health (NIOSH);
     NACOSH Work Group reports;
     Discussions on electronic health records;
     Discussions on prevention through design; and
     Public comments.
    OSHA transcribes and prepares detailed minutes of NACOSH meetings.
OSHA places meeting transcripts and minutes in the public record of the
NACOSH meeting.

NACOSH Work Group Meetings

    The Injury and Illness Prevention Programs and Recordkeeping Work
Groups will meet in conjunction with the NACOSH meeting. Those Work
Groups will meet from 9 a.m. to noon, December 14, 2011, and report
back to the full committee at the December 15, 2011, NACOSH meeting.

Public Participation

    NACOSH and NACOSH Work Group meetings: NACOSH and NACOSH Work Group
meetings are open to the public. Individuals attending meetings at the
U.S. Department of Labor must enter the building at the Visitors'
Entrance, at 3rd and C Streets NW., and pass through Building Security.
Attendees must have valid government-issued photo identification to
enter the building. Please contact Ms. Crawford for additional
information about building security measures for attending the NACOSH
and NACOSH Work Group meetings.
    Individuals needing special accommodations to attend NACOSH and
NACOSH Work Group meetings should contact Ms. Chatmon (see ADDRESSES
section).
    Submission of written comments, requests to speak and speaker
presentations: You must submit written comments, requests to speak at
the NACOSH meeting and speaker presentations by December 7, 2011, using
one of the methods listed in the ADDRESSES section. All submissions
must include the Agency name and docket number for this Federal
Register notice (Docket No. OSHA-2011-0065). OSHA will provide
submissions to NACOSH members prior to the meeting.
    Requests to speak must state the amount of time requested to speak,
the interest the individual represents (e.g., organization name), if
any, and a brief outline of the presentation. Electronic speaker
presentations (e.g., PowerPoint) must be compatible with PowerPoint
2003 and other Microsoft 2003 formats. Requests to address NACOSH may
be granted at the discretion of the NACOSH chair and as time permits.
    Because of security-related procedures, submissions by regular mail
may result in significant delay in receipt. Please contact the OSHA
Docket Office for information about security procedures for making
submissions by hand delivery, express delivery, messenger or courier
service.
    Public docket of the NACOSH meeting: OSHA places comments, requests
to speak and speaker presentations, including any personal information
you provide, in the public docket of this NACOSH meeting without change
and documents may be available online at http://www.regulations.gov.
Therefore, OSHA cautions you about submitting certain personal
information such as Social Security numbers and birthdates.
    OSHA also puts transcripts and minutes, Work Group reports and
other documents from the NACOSH meeting in the public record of the
NACOSH meeting. Although all submissions are listed in the http://www.regulations.gov index, some documents (e.g., copyrighted materials)
are not publicly available to read or download through that Web page.
All submissions, including copyrighted material, are available for
inspection and copying at the OSHA Docket Office.
    To read or download documents in the public docket of this NACOSH
meeting go to Docket No. OSHA-2011-0065 at http://www.regulations.gov.
For

information on using http://www.regulations.gov to access the docket,
click on the ``Help'' tab at the top of the Home page. Contact the OSHA
Docket Office for information about materials not available through
that Web page and for assistance in using the Internet to locate
submissions and other documents in the public docket.
    Electronic copies of this Federal Register notice are available at
http://www.regulations.gov. This notice, as well as news releases and
other relevant information, also are available on the OSHA Web page at
http://www.osha.gov.

Authority and Signature

    David Michaels, Ph.D., MPH, Assistant Secretary of Labor for
Occupational Safety and Health, directed the preparation of this notice
under the authority granted by Section 7 of the Occupational Safety and
Health Act of 1970 (U.S.C. 656), the Federal Advisory Committee Act (5
U.S.C. App. 2); 29 CFR part 1912a; 41 CFR part 102-3; and Secretary of
Labor's Order No. 4-2010 (75 FR 55355, 9/10/2010).

    Signed at Washington, DC, on November 22, 2011.
David Michaels,
Assistant Secretary of Labor for Occupational Safety and Health.
[FR Doc. 2011-30565 Filed 11-28-11; 8:45 am]
BILLING CODE 4510-26-P