[Federal Register Volume 80, Number 90 (Monday, May 11, 2015)]
[Notices]
[Page 26988]
[FR Doc No: 2015-11269]

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DEPARTMENT OF TRANSPORTATION

Federal Railroad Administration

[Docket No. FRA-2000-7257, Notice No. 79]

Railroad Safety Advisory Committee; Notice of Meeting

AGENCY: Federal Railroad Administration (FRA), Department of
Transportation.

ACTION: Announcement of Railroad Safety Advisory Committee (RSAC)
meeting.

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SUMMARY: FRA announces the fifty-third meeting of the RSAC, a Federal
Advisory Committee that develops railroad safety recommendations
through a consensus process. The RSAC meeting topics will include
opening remarks from the FRA Acting Administrator, the FRA Associate
Administrator for Safety/Chief Safety Officer, and status reports by
the Recording Devices and Rail Integrity Working Groups. The
Engineering Task Force also will provide a status report and there will
be presentations on grade crossing issues, as well as the Pipeline and
Hazardous Materials Safety Administration's Final Rule on Enhanced Tank
Car Standards and Operational Controls for High-Hazard Flammable
Trains. This agenda is subject to change, including the possible
addition of further proposed tasks.

DATES: The RSAC meeting is scheduled to commence at 9:30 a.m. on
Thursday, May 28, 2015, and will adjourn by 4:30 p.m.

ADDRESSES: The RSAC meeting will be held at the Double Tree Hotel
located at 1515 Rhode Island Avenue NW., Washington, DC 20005. The
meeting is open to the public on a first-come, first-served basis, and
is accessible to individuals with disabilities. Sign and oral
interpretation can be made available if requested 10 calendar days
before the meeting.

FOR FURTHER INFORMATION CONTACT: Larry Woolverton, RSAC Administrative
Officer, FRA, 1200 New Jersey Avenue SE., Mailstop 25, Washington, DC
20590,<PHONE_NUMBER>; or Jamie Rennert, Deputy Associate Administrator
for Regulatory & Legislative Operations, Office of Railroad Safety,
FRA, 1200 New Jersey Avenue SE., Mailstop 25, Washington, DC 20590,
(202) 493-6474.

SUPPLEMENTARY INFORMATION: Pursuant to Section 10(a)(2) of the Federal
Advisory Committee Act (Pub. L. 92-463), FRA is giving notice of a
meeting of the RSAC. The RSAC was established to provide advice and
recommendations to FRA on railroad safety matters. The RSAC is composed
of 60 voting representatives from 39 member organizations, representing
various rail industry perspectives. In addition, there are non-voting
advisory representatives from the agencies with railroad safety
regulatory responsibility in Canada and Mexico, the National
Transportation Safety Board, and the Federal Transit Administration.
The diversity of the RSAC ensures the requisite range of views and
expertise necessary to discharge its responsibilities. See the RSAC Web
site for details on prior RSAC activities and pending tasks at http://rsac.fra.dot.gov/. Please refer to the notice published in the Federal
Register on March 11, 1996 (61 FR 9740), for additional information
about the RSAC.

    Issued in Washington, DC, on May 5, 2015.
Robert C. Lauby,
Associate Administrator for Safety, Chief Safety Officer.
[FR Doc. 2015-11269 Filed 5-8-15; 8:45 am]
 BILLING CODE 4910-06-P


[Federal Register Volume 76, Number 49 (Monday, March 14, 2011)]
[Notices]
[Page 13611]
[FR Doc No: 2011-5780]

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DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission

[Docket No. PR11-91-000]

Bay Gas Storage, LLC; Notice of Filing

    Take notice that on February 28, 2011, Bay Gas Storage, LLC (Bay
Gas) filed pursuant to Section 12.2.4 of its Statement of Operating
Conditions to revise its Company Use Percentage as more fully described
in the filing.
    Any person desiring to participate in this rate filing must file in
accordance with Rules 211 and 214 of the Commission's Rules of Practice
and Procedure (18 CFR 385.211 and 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 date as indicated below. Anyone filing
an intervention or protest must serve a copy of that document on the
Applicant. Anyone filing an intervention or protest on or before the
intervention or protest date need not serve motions to intervene or
protests on persons other than the Applicant.
    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 7 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 Tuesday, March 15, 2011.

    Dated: March 8, 2011.
Kimberly D. Bose,
Secretary.
[FR Doc. 2011-5780 Filed 3-11-11; 8:45 am]
BILLING CODE 6717-01-P


[Federal Register: November 20, 2006 (Volume 71, Number 223)]
[Notices]
[Page 67184-67185]
[DOCID:fr20no06-103]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-54740; File No. SR-NASD-2006-073]

Self-Regulatory Organizations; National Association of Securities
Dealers, Inc.; Order Approving Proposed Rule Change and Amendment No. 1
Thereto and Notice of Filing and Order Granting Accelerated Approval To
Amendment No. 2 To Amend NASD Interpretive Material 2210-4 To Require
Certain Member Firms to Provide a Hyperlink to the NASD's Internet Home
Page

 November 9, 2006.

I. Introduction

    On June 8, 2006, the National Association of Securities Dealers,
Inc. (``NASD'') filed with the Securities and Exchange Commission
(``SEC'' or ``Commission'') a proposed rule change, pursuant to Section
19(b)(1) of the Securities Exchange Act of 1934 (``Act'') \1\ and Rule
19b-4 thereunder,\2\ to amend NASD Interpretive Material 2210-4 to
require certain member firms to provide a hyperlink to the NASD's
internet home page. NASD filed Amendment No. 1 to the proposed rule
change on June 26, 2006.\3\ The proposed rule change, as amended, was
published for comment in the Federal Register on July 6, 2006.\4\ The
Commission received three comments on the proposal, as amended.\5\ On
August 30, 2006, the NASD filed Amendment No. 2 to amend the filing and
respond to the comment letters. This order grants accelerated approval
of the proposed rule change, as amended by Amendment No. 2 and solicits
comments from interested persons on Amendment No. 2.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ Amendment No. 1 replaced and superseded the original rule
filing in its entirety.
    \4\ See Securities Exchange Act Release No. 54058 (June 28,
2006), 71 FR 38439 (SR-NASD-2006-073)(``Notice'').
    \5\ See letters to Nancy M. Morris, Secretary, Commission, from
Dale Brown, CEO, Financial Services Institute, dated July 27, 2006
(``FSI Letter'') and from Aimee Blinder, Vice President, Compliance,
National Planning Holdings, Inc., dated July 27, 2006 (``NPH
Letter''). See letter filed via the Commission's Web Comment Form,
from Phyllis Hawkins, Compliance Advisor, Lincoln Investment
Planning, Inc., dated July 27, 2006 (``Lincoln Letter'').
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II. Description of Proposed Rule Change

    NASD proposes to amend NASD Interpretive Material (``IM'') 2210-4
to require a member firm or a person associated with a member firm that
refers, on its Internet Web site, to the firm's membership in NASD to
provide a hyperlink to NASD's Web site. According to the NASD, many
broker-dealers refer to their membership in NASD on their internet Web
sites, often in a description of the firm or in an ``about us''
section. The proposed rule change would require a firm, when
referencing NASD membership on its Web site, to include an accompanying
hyperlink to NASD's internet home page. The proposed rule change also
would apply to an internet Web site relating to a firm's investment
banking or securities business that is maintained by or on behalf of
any person associated with the firm.\6\ The proposed rule change would
not create an independent obligation for a firm (or persons associated
with a firm where applicable) to state that the firm is an NASD member
on its internet Web site. The proposed rule change would apply only to
the extent that a firm or a person associated with a firm chooses to
represent on its Web site that the firm is a member of NASD.\7\
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    \6\ This requirement is intended to capture, among other things,
situations where a person associated with an NASD member firm
maintains his own internet Web site or ``home page'' that relates to
a member's investment banking or securities business. For example,
NASD understands that independent contractors or their firms
sometimes maintain a separate home page for each independent
contractor for marketing purposes.
    \7\ The proposed rule change is similar to a rule adopted by the
Securities Investor Protection Corporation (``SIPC''), which
requires that its members provide a live hyperlink to SIPC's Web
site, http://www.SIPC.org, when referring to membership in SIPC. See

Article 11, Section 4 of SIPC Bylaws.
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III. Summary of Comments and NASD Response

    The Commission received three comment letters on the proposed rule
change: two were generally in favor of the proposal in its current
form; one stated the requirement constitutes ``overkill.'' \8\
Specifically, one commenter stated that the failure to define the term
``most prominent'' is likely to lead to differing interpretations and
confusion.\9\ A second commenter requested clarification regarding the
extent of the requirement to include a hyperlink to the NASD's Internet
home page.\10\ They suggested that the language of the SIPC standard be
used in the NASD interpretation in order to avoid confusion.\11\ The
commenter also expressed concern over the effective date for
compliance, requesting that the time frame for compliance be increased
from 180 days to 360 days due to the tremendous number of active Web
sites that will be affected by this requirement.\12\
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    \8\ See Lincoln letter.
    \9\ See FSI letter.
    \10\ See NPH letter.
    \11\ Id.
    \12\ Id.
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    In Amendment No. 2, NASD responded to the concerns raised by the
commenters and amended the rule text. In response to the FSI Letter
regarding the definition of the term ``most prominent,'' NASD removed
the requirement to place the hyperlink at the ``most prominent
indication of NASD membership.'' Instead, members will be allowed to
place the hyperlink at any reference that is reasonably designed to
draw the public's attention to NASD membership. With this change, NASD
clarified that a firm subject to the proposed rule would be able to
choose where to place a hyperlink to NASD's Web site, provided that the
hyperlink is in close proximity to a reference to NASD membership that
is reasonably designed to draw the public's attention to the fact that
the firm is a member of NASD.
    In response to the NPH Letter, NASD explained that ``a legend that
denotes that a firm is a member of NASD, would impose an obligation to
provide a hyperlink.'' That stated, the NASD reaffirmed that a firm
would only need to provide one hyperlink on its Web site.\13\
Additionally, in response to the request in the NPH Letter for more
time to implement the proposed rule change, the NASD stated that based
on feedback it received from several member committees, the 180 days
should provide sufficient time for implementation of the proposed rule
change.
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    \13\ NASD stated that the hyperlink requirement would not apply
to references to NASD membership in disclosure documents or other
offering documents linked to the member firm's Web site.
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    Finally, in response to the Lincoln Letter, NASD stated that the
commenter appears to have misunderstood the requirements of the
proposed rule change as a member would not be required to provide more
than one hyperlink to the NASD's Web site.\14\
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    \14\ See footnote 5 in the Notice, supra note 4.
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IV. Discussion and Commission Findings

    The Commission has reviewed the proposed rule change, comment
letters, and NASD's response and finds that the proposed rule change,
as amended, is consistent with the requirements of the Act and the
rules and regulations thereunder applicable to a national securities
association.\15\ In particular, the Commission finds the proposed rule

change, as amended, is consistent with Section 15A of the Act.\16\
Specifically, the Commission finds the proposal to be consistent with
the provisions of Sections 15A(b)(6) of the Act,\17\ which requires,
among other things, that NASD 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.
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    \15\ In approving this proposed rule change the Commission has
considered the proposed rule's impact on efficiency, competition,
and capital formation. See 15 U.S.C. 78c(f).
    \16\ 15 U.S.C. 78o-3.
    \17\ 15 U.S.C. 78o-3(b)(6).
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    The Commission believes that the modifications to the proposed rule
change that NASD made in response to issues raised by commenters should
provide sufficient guidance to allow members to satisfy the
requirements of the rule. Moreover, the Commission believes that
facilitating investor access to NASD's Web site should lead to better
educated and informed investors.

V. Solicitation of Comments Concerning Amendment No. 2

    Interested persons are invited to submit written data, views, and
arguments concerning Amendment No. 2, including whether Amendment No. 2
to 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-NASD-2006-073 on the subject line.

Paper Comments

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

All submissions should refer to File Number SR-NASD-2006-073. This file
number should be included on the subject line if e-mail is used. To
help the Commission process and review your comments more efficiently,
please use only one method. The Commission will post all comments on
the Commission's Internet Web site (http://www.sec.gov/rules/sro.shtml
). Copies of the submission, all subsequent amendments, all

written statements with respect to the proposed rule change that are
filed with the Commission, and all written communications relating to
the proposed rule change between the Commission and any person, other
than those that may be withheld from the public in accordance with the
provisions of 5 U.S.C. 552, will be available for inspection and
copying in the Commission's Public Reference Room. Copies of the filing
also will be available for inspection and copying at the principal
office of the NASD. All comments received will be posted without
change; the Commission does not edit personal identifying information
from submissions. You should submit only information that you wish to
make available publicly. All submissions should refer to File Number
SR-NASD-2006-073 and should be submitted on or before December 11,
2006.

VI. Accelerated Approval of Filing as Amended by Amendment No. 2

    The Commission finds good cause for approving the filing, as
modified by Amendment No. 2 to the proposed rule change, on an
accelerated basis. Amendment No. 2 modifies the proposal in response to
issues raised by the commenters. Because Amendment No. 2 raises no
novel issues, and provides improvements to the proposed rule change in
direct response to issues raised by the commenters, the Commission
finds good cause for approving Amendment No. 2 before the 30th day
after its publication in the Federal Register.

VII. Conclusion

    It is therefore ordered, pursuant to Section 19(b)(2) of the
Act,\18\ that the proposed rule change (SR-NASD-2006-073), as amended
by Amendment No. 2, is approved on an accelerated basis.
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    \18\ 15 U.S.C. 78s(b)(2).

    For the Commission, by the Division of Market Regulation,
pursuant to delegated authority.\19\
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    \19\ 17 CFR 200.30-3(a)(12).
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Nancy M. Morris,
Secretary.
 [FR Doc. E6-19546 Filed 11-17-06; 8:45 am]

BILLING CODE 8011-01-P


	UNITED STATES ENVIRONMENTAL PROTECTION AGENCY

	WASHINGTON, D.C.  20460

						Chemical: 	Tepraloxydim

PC Code:	121005

DP Barcode: 	D338939

						Date:  	5/1/2007

MEMORANDUM

Subject:	Tier I Drinking Water Assessment for Tepraloxydim

To: 		Jim Tompkins, RM 25, Vickie Walters, CRM

Registration Division (7501P)

From: 		James Breithaupt, Agronomist

Environmental Risk Branch II

Environmental Fate and Effects Division (7507P)

Thru:		Dana Spatz, Team Leader

Environmental Risk Branch II

		Tom Bailey, Chief

Environmental Risk Branch II

Environmental Fate and Effects Division (7507P)

This memorandum contains the Tier I drinking water assessment for the
uses on the tepraloxydim label dated 8/8/01.  These uses are canola,
cotton, fallow/non-cropland, and soybeans. The half-lives used in
modeling were based on parent compound and the DP-1, DP-2, and DP-8
metabolites when they were present in the studies. Tepraloxydim can be
applied using either aerial or ground equipment.

The following drinking water EEC’s are recommended for use in the
human health risk assessment.  For tepraloxydim, the acute and chronic
surface water values are 1.4 ppb and 0.7 ppb, respectively, based on the
FIRST model.  The acute and chronic ground water EEC is 0.002 ppb, using
SCIGROW.  The scenarios chosen for modeling were cotton, soybeans, and
fallow ground which have the highest annual application rate of 0.025 lb
ai/A.

Environmental Fate and Transport

Based on fate properties and application methods, it is expected that
tepraloxydim will persist long enough to be available for transport in
runoff events to non-target environments.  Based on the persistence in
hydrolysis, aerobic soil metabolism, and aerobic aquatic metabolism
studies, tepraloxydim can be reasonably assumed to reach and persist in
surface water.  If any residues of tepraloxydim were to reach ground
water, they would be expected to persist based on the stability to
hydrolysis.  Tepraloxydim is degraded to a number of different
compounds, but the major ones include DP-1, DP-2, and DP-6.
Tepraloxydim is relatively mobile in soils, increasing the plausibility
of runoff to non-target environments. However, no mobility data have
been submitted for the metabolites.

EFED calculated half-lives in the fate studies for the total residue of
parent, DP-1 (Imine), DP-2 (oxazole), and DP-8 (dechlorinated,
de-ethylated parent) in accordance with the HED MARC memo (D272004).
Total residues are stable to hydrolysis at pH values from 4 to 8.8 (MRID
44467231) but degrade by photolysis in water with linear half-lives of
9-13 days (MRID 44467232).  In studies conducted with DP-1 and DP-2 as
individual parent compounds, the linear half-lives in irradiated water
were 24 and 6 days, respectively (MRID 44467233).  No photodegradation
studies were conducted using DP-8 as the parent compound.
Photodegradation on soil is also a significant route of dissipation with
a linear half-life of 7 days (MRID 44467234). In aerobic soil, the
linear and non-linear half-lives were 38 (poor fit) and 3.5 days,
respectively.  Under anaerobic aquatic conditions (MRID 44467236), the
linear half-life was 147 days while the aerobic aquatic metabolism
half-lives were 65 and 198 days (MRID 44467237).  Tepraloxydim is mobile
in the environment, based on Freundlich Kads values ranging from 0.01 to
1.5 ml/g and Koc values ranging from 3.7 to 77 ml/g (MRID 44467243).

Modeling Assessment – Tepraloxydim

Surface Water Modeling of Terrestrial Uses  for Tepraloxydim

Proposed drinking water concentrations are based on modeling estimates.
The uses on soybeans, cotton, and fallow ground were chosen for modeling
since they contain the highest application rate of 0.0125 lb ai/A and
two applications 14 days apart.  Modeling was conducted using this rate
and interval.  The estimates of tepraloxydim concentrations in surface
water were based on the FIRST model, and include two significant
degradates, DP-1 and DP-2, because these two residues were present in
some of the environmental fate studies and are residues of concern based
on the MARC memo.  DP-8 was not observed in any of the fate studies.

The FIRST modeling was performed with Index Reservoir (IR) scenarios and
a percent cropped area (PCA) adjustment factor of 0.87 as a default
value, according to the IR/PCA guidance from R.D. Jones et al (March 21,
2000).   The PCA adjusted model results are presented in Table 1.

Table 2 presents the input parameters used in the Tier I FIRST modeling
for drinking water from a surface water source.  The FIRST modeling was
based on EFED guidance (“Guidance for Chemistry and Management
Practice Input Parameters for Use in Modeling the Environmental Fate and
Transport of Pesticides” dated February 28, 2002).

Table 1. Drinking Water EECs for Tepraloxydim from Surface Water using
the FIRST Model.

Scenario and crop

	Peak	Chronic Value

Soybean	1.4 ppb	0.7 ppb

Table 2.  Surface Water Exposure Inputs for Drinking Water Exposure from
Existing Terrestrial Uses of Tepraloxydim using the FIRST Model.

MODEL INPUT VARIABLE1	INPUT VALUE	SOURCE/COMMENTS

Application Rate

Nursery crops	0.0125	lb ai/A from 8/8/01 label

No. applications	2	Per 8/8/01 label

Interval between applications (days)	14	Per 8/8/01 label

Percent Cropped Area Adjustment

	0.87	All uses

Koc (ml/g)	8.4	Lowest non-sand  Koc from 5 soils (MRID 44467239

Aerobic Soil Metabolic Half-life (days) 	10.5	Non-linear half-life (3.5
days) * 3 because only one half-life was available (MRID 44467235)

Linear fit was poor

Parent + DP-1 + DP-2

DP-8 not formed

Is pesticide wetted-in	No	Per 8/8/01 label

Method of application	Aerial	Per 8/8/01 label

Depth of Incorporation (inch)	0	Per 8/8/01 label

Solubility (mg/L)	1,400	140 ppm * 10

pH 7

6/8/00 drinking water memorandum, D262823

Aerobic Aquatic Metabolic Half-life (days) = Kbacw in EXAMS	336	Upper
10th confidence bound of mean

65 and 198 day half-lives for Parent + DP-1 (DP-2 and DP-8 not formed)

MRID 44467237

Aqueous photolysis Half-life (days)	9	MRID 44467232

pH 7

Parent + DP-1 + DP-2 ( no DP-8 formed)

1 Input parameters based on Input Parameter Guidance (2/28/02) unless
stated otherwise

Ground Water Assessment – Tepraloxydim

Ground water EECs were modeled using SCI-GROW, a screening ground water
regression model developed using data from prospective groundwater
studies submitted to the OPP in support of registration.  SCI-GROW
provides a high-end estimate of ground water concentrations of
pesticides on soils that are known to be vulnerable to pesticide
leaching (i.e. high sand content with shallow depth to groundwater).

μg/L.  According to the label, up to two applications are allowed with
a maximum annual rate of 0.025 lb ai/A.  Modeling was conducted using
the one-time rate and the 14-day interval.  The estimated concentration
of 0.002 ug/L could not be compared to monitoring because EFED is
unaware of any monitoring.

Table 3.  SCI-GROW Inputs for Tepraloxydim using the SCI-GROW2 Model.

MODEL INPUT VARIABLE2	INPUT VALUE	SOURCE/COMMENTS

Application Rate (kg ai/ha)3

Nursery crops

0.0125	lb ai/A maximum one-rate from 8/8/01 label

Maximum No. of Applications

Nursery crops

2	Per 8/8/01 label

Koc (ml/g)	20.2	Median Koc from 5 soils (MRID 44467239), range of
3.7-77.2 ml/g

Aerobic Soil Metabolic half-life (days) – parent	10.5	Half-life from
MRID (44467235) * 3

EEC from model

0.002 ug/l

Comparison of Modeling and Monitoring.

Comparison of monitoring and modeling is not possible for tepraloxydim
because EFED is not aware of any monitoring data.

FIRST and SCIGROW  Model Outputs

RUN No.   1 FOR tepraloxydim     ON   soybean       * INPUT VALUES *

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

    RATE (#/AC)   No.APPS &   SOIL  SOLUBIL  APPL TYPE  %CROPPED INCORP

     ONE(MULT)    INTERVAL    Koc   (PPM )   (%DRIFT)     AREA    (IN)

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

   .013(   .017)   2  14       8.4 1400.0   AERIAL(16.0)  87.0    .0

   FIELD AND RESERVOIR HALFLIFE VALUES (DAYS)

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

   METABOLIC  DAYS UNTIL  HYDROLYSIS   PHOTOLYSIS   METABOLIC  COMBINED

    (FIELD)  RAIN/RUNOFF  (RESERVOIR)  (RES.-EFF)   (RESER.)   (RESER.)

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

     10.50        2          N/A      9.00- 1116.00   336.00    258.25

   UNTREATED WATER CONC (MICROGRAMS/LITER (PPB)) Ver 1.1.0 DEC 12, 2005

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

        PEAK DAY  (ACUTE)      ANNUAL AVERAGE (CHRONIC)

          CONCENTRATION             CONCENTRATION

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

              1.444                       .656

SCIGROW

                                                     SCIGROW

                          VERSION 2.3

            ENVIRONMENTAL FATE AND EFFECTS DIVISION

                 OFFICE OF PESTICIDE PROGRAMS

             U.S. ENVIRONMENTAL PROTECTION AGENCY

                        SCREENING MODEL

                FOR AQUATIC PESTICIDE EXPOSURE

 SciGrow version 2.3

 chemical:tepraloxydim

 time is  4/24/2007  11:54:16

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

  Application      Number of       Total Use    Koc      Soil Aerobic

  rate (lb/acre)  applications   (lb/acre/yr)  (ml/g)   metabolism
(days)

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

      0.013           2.0           0.025      2.02E+01       10.5

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

 groundwater screening cond (ppb) =   2.14E-03

 ***********************************************************************
*

 PAGE  1


[Federal Register Volume 81, Number 113 (Monday, June 13, 2016)]
[Notices]
[Pages 38206-38207]
[FR Doc No: 2016-13811]

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DEPARTMENT OF HOMELAND SECURITY

Federal Emergency Management Agency

[Docket ID FEMA-2016-0002; Internal Agency Docket No. FEMA-B-1622]

Changes in Flood Hazard Determinations

AGENCY: Federal Emergency Management Agency, DHS.

ACTION: Notice.

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SUMMARY: This notice lists communities where the addition or
modification of Base Flood Elevations (BFEs), base flood depths,
Special Flood Hazard Area (SFHA) boundaries or zone designations, or
the regulatory floodway (hereinafter referred to as flood hazard
determinations), as shown on the Flood Insurance Rate Maps (FIRMs), and
where applicable, in the supporting Flood Insurance Study (FIS)
reports, prepared by the Federal Emergency Management Agency (FEMA) for
each community, is appropriate because of new scientific or technical
data. The FIRM, and where applicable, portions of the FIS report, have
been revised to reflect these flood hazard determinations through
issuance of a Letter of Map Revision (LOMR), in accordance with title
44, part 65 of the Code of Federal Regulations (44 CFR part 65). The
LOMR will be used by insurance agents and others to calculate
appropriate flood insurance premium rates for new buildings and the
contents of those buildings. For rating purposes, the currently
effective community number is shown in the table below and must be used
for all new policies and renewals.

DATES: These flood hazard determinations will become effective on the
dates listed in the table below and revise the FIRM panels and FIS
report in effect prior to this determination for the listed
communities.
    From the date of the second publication of notification of these
changes in a newspaper of local circulation, any person has 90 days in
which to request through the community that the Deputy Associate
Administrator for Mitigation reconsider the changes. The flood hazard
determination information may be changed during the 90-day period.

ADDRESSES: The affected communities are listed in the table below.
Revised flood hazard information for each community is available for
inspection at both the online location and the respective community map
repository address listed in the table below. Additionally, the current
effective FIRM and FIS report for each community are accessible online
through the FEMA Map Service Center at www.msc.fema.gov for comparison.
    Submit comments and/or appeals to the Chief Executive Officer of
the community as listed in the table below.

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

SUPPLEMENTARY INFORMATION: The specific flood hazard determinations are
not described for each community in this notice. However, the online
location and local community map repository address where the flood
hazard determination information is available for inspection is
provided.
    Any request for reconsideration of flood hazard determinations must
be submitted to the Chief Executive Officer of the community as listed
in the table below.
    The modifications are made pursuant to section 201 of the Flood
Disaster Protection Act of 1973, 42 U.S.C. 4105, and are in accordance
with the National Flood Insurance Act of 1968, 42 U.S.C. 4001 et seq.,
and with 44 CFR part 65.
    The FIRM and FIS report are the basis of the floodplain management
measures that the community is required either to adopt or to show
evidence of having in effect in order to qualify or remain qualified
for participation in the National Flood Insurance Program (NFIP).
    These flood hazard determinations, together with the floodplain
management criteria required by 44 CFR 60.3, are the minimum that are
required. They should not be construed to mean that the community must
change any existing ordinances that are more stringent in their
floodplain management requirements. The community may at any time enact
stricter requirements of its own or pursuant to policies established by
other Federal, State, or regional entities. The flood hazard
determinations are in accordance with 44 CFR 65.4.
    The affected communities are listed in the following table. Flood
hazard determination information for each community is available for
inspection at both the online location and the respective community map
repository address listed in the table below. Additionally, the current
effective FIRM and FIS report for each community are accessible online
through the FEMA Map Service Center at www.msc.fema.gov for comparison.

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

    Dated: May 19, 2016.
Roy E. Wright,
Deputy Associate Administrator for Insurance and Mitigation, Department
of Homeland Security, Federal Emergency Management Agency.

--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                         Chief executive                         Online location of
        State and county           Location and case       officer of         Community map        letter of map        Effective date of     Community
                                          No.               community          repository             revision             modification          No.
--------------------------------------------------------------------------------------------------------------------------------------------------------
Arizona:
    Maricopa....................  Town of Carefree     The Honorable Les   Town Council        http://                Jun. 16, 2016........       040126
                                   (15-09-2627P).       Peterson, Mayor,    Chambers, 100       www.msc.fema.gov/
                                                        Town of Carefree,   Easy Street,        lomc.
                                                        8 Sundial Circle,   Carefree, AZ
                                                        Carefree, AZ        85377.
                                                        85377.
    Mohave......................  Unincorporated       The Honorable Jean  County              http://                Jun. 20, 2016........       040058
                                   areas of Mohave      Bishop, Chair,      Administration      www.msc.fema.gov/
                                   County (15-09-       Board of            Building, 700       lomc.
                                   3028P).              Supervisors,        West Beale
                                                        Mohave County,      Street, Kingman,
                                                        700 West Beale      AZ 86402.
                                                        Street, Kingman,
                                                        AZ 86402.

    Pima........................  City of Tucson (15-  The Honorable       Regional Flood      http://                Jul. 26, 2016........       040076
                                   09-2996P).           Jonathan            Control District,   www.msc.fema.gov/
                                                        Rothschild,         210 North Stone     lomc.
                                                        Mayor, City of      Avenue, 9th
                                                        Tucson, City        Floor, Tucson, AZ
                                                        Hall, 255 West      85701.
                                                        Alameda Street,
                                                        10th Floor,
                                                        Tucson, AZ 85701.
    Pima........................  City of Tucson (16-  The Honorable       Planning and        http://                Aug. 8, 2016.........       040076
                                   09-0139P).           Jonathan            Development         www.msc.fema.gov/
                                                        Rothschild,         Services, 201       lomc.
                                                        Mayor, City of      North Stone
                                                        Tucson, City        Avenue, 1st
                                                        Hall, 255 West      Floor, Tucson, AZ
                                                        Alameda Street,     85701.
                                                        10th Floor,
                                                        Tucson, AZ 85701.
    Pima........................  Unincorporated       The Honorable       Regional Flood      http://                Jul. 26, 2016........       040073
                                   areas of Pima        Sharon Bronson,     Control District,   www.msc.fema.gov/
                                   County (15-09-       Chair, Board of     210 North Stone     lomc.
                                   2996P).              Supervisors, Pima   Avenue, 9th
                                                        County, 130 West    Floor, Tucson, AZ
                                                        Congress Street,    85701.
                                                        11th Floor,
                                                        Tucson, AZ 85701.
    Pima........................  Unincorporated       The Honorable       Regional Flood      http://                Jun. 28, 2016........       040073
                                   areas of Pima        Sharon Bronson,     Control District,   www.msc.fema.gov/
                                   County (15-09-       Chair, Board of     210 North Stone     lomc.
                                   3190P).              Supervisors, Pima   Avenue, 9th
                                                        County, 130 West    Floor, Tucson, AZ
                                                        Congress Street,    85701.
                                                        11th Floor,
                                                        Tucson, AZ 85701.
    Pinal.......................  Town of Florence     The Honorable Tom   Department of       http://                Jul. 1, 2016.........       040084
                                   (15-09-2494X).       J. Rankin, Mayor,   Public Works, 425   www.msc.fema.gov/
                                                        Town of Florence,   East Ruggles        lomc.
                                                        775 North Main      Street, Florence,
                                                        Street, Florence,   AZ 85132.
                                                        AZ 85132.
    Pinal.......................  Unincorporated       The Honorable       Engineering         http://                Jul. 1, 2016.........       040077
                                   areas of Pinal       Cheryl Chase,       Department, 31      www.msc.fema.gov/
                                   County (15-09-       Chair, Board of     North Pinal         lomc.
                                   2494X).              Supervisors,        Street, Building
                                                        Pinal County, 135   F, Florence, AZ
                                                        North Pinal         85132.
                                                        Street, Florence,
                                                        AZ 85132.
California:
    Alameda.....................  City of Fremont (15- The Honorable Bill  City Hall, 3300     http://                Jul. 12, 2016........       065028
                                   09-3135P).           Harrison, Mayor,    Capitol Avenue,     www.msc.fema.gov/
                                                        City of Fremont,    Fremont, CA 94538.  lomc.
                                                        3300 Capitol
                                                        Avenue, Fremont,
                                                        CA 94538.
    Orange......................  City of San          The Honorable Bob   City Hall, 100      http://                Jun. 27, 2016........       060230
                                   Clemente (16-09-     Baker, Mayor,       Avenida Presidio,   www.msc.fema.gov/
                                   0544P).              City of San         San Clemente, CA    lomc.
                                                        Clemente, 100       92672.
                                                        Avenida Presidio,
                                                        San Clemente, CA
                                                        92672.
    Ventura.....................  City of Simi Valley  The Honorable Bob   City Hall, 2929     http://                Jul. 1, 2016.........       060421
                                   (15-09-3074P).       Huber, Mayor,       Tapo Canyon Road,   www.msc.fema.gov/
                                                        City of Simi        Simi Valley, CA     lomc.
                                                        Valley, 2929 Tapo   93063.
                                                        Canyon Road, Simi
                                                        Valley, CA 93063.
Nevada: Clark...................  Unincorporated       The Honorable       Office of the       http://                Jun. 20, 2016........       320003
                                   areas of Clark       Steve Sisolak,      Director of         www.msc.fema.gov/
                                   County (16-09-       Chairman, Board     Public Works, 500   lomc.
                                   0518P).              of Supervisors,     South Grand
                                                        Clark County, 500   Central Parkway,
                                                        South Grand         Las Vegas, NV
                                                        Central Parkway,    89155.
                                                        6th Floor, Las
                                                        Vegas, NV 89106.
--------------------------------------------------------------------------------------------------------------------------------------------------------

[FR Doc. 2016-13811 Filed 6-10-16; 8:45 am]
BILLING CODE 9110-12-P


[Federal Register: April 16, 2008 (Volume 73, Number 74)]
[Notices]
[Page 20726-20727]
[DOCID:fr16ap08-118]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-57646; File No. SR-CBOE-2008-37]

Self-Regulatory Organizations; Chicago Board Options Exchange,
Incorporated; Notice of Filing and Immediate Effectiveness of Proposed
Rule Change To Amend Rule 6.20A To Permit Sponsored Users Access to the
CBOE Stock Exchange Facility

April 10, 2008.
    Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934
(the ``Act'') \1\ and Rule 19b-4 thereunder,\2\ notice is hereby given
that on March 28, 2008, Chicago Board Options Exchange, Incorporated
(``CBOE'' or ``Exchange'') filed with the Securities and Exchange
Commission (``Commission'') the proposed rule change as described in
Items I and II below, which Items have been prepared substantially by
CBOE. CBOE filed the proposed rule change as a ``non-controversial''
proposed rule change pursuant to Section 19(b)(3)(A) of the Act \3\ and
Rule 19b-4(f)(6) thereunder,\4\ which renders it effective upon filing
with the Commission. The Commission is publishing this notice to
solicit comments on the proposed rule change from interested persons.
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ 15 U.S.C. 78s(b)(3)(A).
    \4\ 17 CFR 240.19b-4(f)(6).
---------------------------------------------------------------------------

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

    CBOE proposes to amend CBOE Rule 6.20A to permit Sponsored User
access to the CBOE Stock Exchange (``CBSX'') facility. The text of the
proposed rule change is available at CBOE, the Commission's Public
Reference Room, and http://www.cboe.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, CBOE included statements
concerning the purpose of, and basis for, the proposed rule change. The
text of these statements may be examined at the places specified in
Item IV below. CBOE has prepared summaries, set forth in Sections A, B,
and C below, of the most significant aspects of such statements.

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

1. Purpose
    The Exchange proposes to amend Rule 6.20A (Sponsored Users) which
governs electronic access for the entry and execution of orders by
Sponsored Users with authorized access and the applicable requirements
that Sponsored Users and Sponsoring Members must satisfy in order to
engage in a Sponsoring Member/Sponsored User relationship. Under the
current Rule, the Sponsored User program is only applicable to CBOE's
FLEX Hybrid Trading System (``FLEX''). Accordingly, a ``Sponsored
User'' is defined as a person or entity that has entered into a
sponsorship arrangement with a Sponsoring Member for purposes of
receiving electronic access to FLEX. CBOE is proposing to expand the
rule to permit electronic access for the entry and execution of orders
by Sponsored Users with authorized access to the CBSX facility.
    Under the proposal, Rule 6.20A will apply to Sponsored Users with
authorized access to CBSX in the same manner as it applies to Sponsored
Users with authorized access to FLEX. Sponsored User access to CBSX
will also be conditioned on the same requirements that currently apply
to Sponsored Users on FLEX.
2. Statutory Basis
    The proposed rule change is consistent with the provisions of
Section 6 of the Act,\5\ in general, and with Section 6(b)(5) of the
Act,\6\ in particular, in that the proposal is designed to remove
impediments to and perfect the mechanisms of a free and open market and
a national market system, and, in general, protect investors and the
public interest.
---------------------------------------------------------------------------

    \5\ 15 U.S.C. 78f.
    \6\ 15 U.S.C. 78f(b)(5).
---------------------------------------------------------------------------

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

    CBOE 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

    Because the foregoing proposed rule change does not: (i)
Significantly affect the protection of investors or the public
interest; (ii) impose any significant burden on competition; and (iii)
become operative for 30 days from the date on which it was filed, or
such shorter time as the Commission may designate, it has become
effective pursuant to Section 19(b)(3)(A) of the Act \7\ and Rule 19b-
4(f)(6) thereunder.\8\
---------------------------------------------------------------------------

    \7\ 15 U.S.C. 78s(b)(3)(A).
    \8\ 17 CFR 240.19b-4(f)(6).
---------------------------------------------------------------------------

    A proposed rule change filed under 19b-4(f)(6) normally may not
become operative prior to 30 days after the date of filing.\9\ However,
Rule 19b-4(f)(6)(iii) \10\ permits the Commission to designate a
shorter time if such action is consistent with the protection of
investors and the public interest. The Exchange has requested that the
Commission waive the 30-day operative delay. The Commission

believes that waiving the 30-day operative delay is consistent with the
protection of investors and the public interest.\11\ The Commission
hereby grants the Exchange's request and designates the proposal as
operative upon filing.
---------------------------------------------------------------------------

    \9\ 17 CFR 240.19b-4(f)(6). In addition, Rule 19b-4(f)(6)(iii)
requires a self-regulatory organization to give the Commission
written notice of its intent to file the proposed rule change at
least five business days prior to the date of filing of the proposed
rule change, or such shorter time as designated by the Commission.
CBOE has complied with this requirement.
    \10\ Id.
    \11\ For purposes only of waiving the 30-day operative delay of
this proposal, the Commission has considered the proposed rule's
impact on efficiency, competition, and capital formation. 15 U.S.C.
78c(f).
---------------------------------------------------------------------------

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

IV. Solicitation of Comments

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

Electronic Comments

     Use the Commission's Internet comment form (http://
www.sec.gov/rules/sro.shtml); or
     Send an e-mail to<EMAIL_ADDRESS>Please include
File No. SR-CBOE-2008-37 on the subject line.

Paper Comments

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

All submissions should refer to File Number SR-CBOE-2008-37. This file
number should be included on the subject line if e-mail is used. To
help the Commission process and review your comments more efficiently,
please use only one method. The Commission will post all comments on
the Commission's Internet Web site (http://www.sec.gov/rules/
sro.shtml). Copies of the submission, all subsequent amendments, all
written statements with respect to the proposed rule change that are
filed with the Commission, and all written communications relating to
the proposed rule change between the Commission and any person, other
than those that may be withheld from the public in accordance with the
provisions of 5 U.S.C. 552, will be available for inspection and
copying in the Commission's Public Reference Room, on official business
days between the hours of 10 a.m. and 3 p.m. Copies of such filing also
will be available for inspection and copying at the principal office of
CBOE. 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-
CBOE-2008-37 and should be submitted on or before May 7, 2008.

    For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\12\
---------------------------------------------------------------------------

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

Florence E. Harmon,
Deputy Secretary.
 [FR Doc. E8-8129 Filed 4-15-08; 8:45 am]

BILLING CODE 8010-01-P


[Federal Register Volume 87, Number 114 (Tuesday, June 14, 2022)]
[Notices]
[Page 35979]
[FR Doc No: 2022-12764]

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DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission

[Docket No. ER22-2046-000]

Sapphire Sky Wind Energy LLC; Supplemental Notice That Initial
Market-Based Rate Filing Includes Request for Blanket Section 204
Authorization

    This is a supplemental notice in the above-referenced proceeding of
Sapphire Sky Wind Energy LLC's application for market-based rate
authority, with an accompanying rate tariff, noting that such
application includes a request for blanket authorization, under 18 CFR
part 34, of future issuances of securities and assumptions of
liability.
    Any person desiring to intervene or to protest should file with the
Federal Energy Regulatory Commission, 888 First Street NE, Washington,
DC 20426, in accordance with Rules 211 and 214 of the Commission's
Rules of Practice and Procedure (18 CFR 385.211 and 385.214). Anyone
filing a motion to intervene or protest must serve a copy of that
document on the Applicant.
    Notice is hereby given that the deadline for filing protests with
regard to the applicant's request for blanket authorization, under 18
CFR part 34, of future issuances of securities and assumptions of
liability, is June 28, 2022.
    The Commission encourages electronic submission of protests and
interventions in lieu of paper, using the FERC Online links at http://www.ferc.gov. To facilitate electronic service, persons with internet
access who will eFile a document and/or be listed as a contact for an
intervenor must create and validate an eRegistration account using the
eRegistration link. Select the eFiling link to log on and submit the
intervention or protests.
    Persons unable to file electronically may mail similar pleadings to
the Federal Energy Regulatory Commission, 888 First Street NE,
Washington, DC 20426. Hand delivered submissions in docketed
proceedings should be delivered to Health and Human Services, 12225
Wilkins Avenue, Rockville, Maryland 20852.
    In addition to publishing the full text of this document in the
Federal Register, the Commission provides all interested persons an
opportunity to view and/or print the contents of this document via the
internet through the Commission's Home Page (http://www.ferc.gov) using
the ``eLibrary'' link. Enter the docket number excluding the last three
digits in the docket number field to access the document. At this time,
the Commission has suspended access to the Commission's Public
Reference Room, due to the proclamation declaring a National Emergency
concerning the Novel Coronavirus Disease (COVID-19), issued by the
President on March 13, 2020. For assistance, contact the Federal Energy
Regulatory Commission at [email protected] or call toll-free,
(886) 208-3676 or TYY,<PHONE_NUMBER>.

    Dated: June 8, 2022.
Debbie-Anne A. Reese,
Deputy Secretary.
[FR Doc. 2022-12764 Filed 6-13-22; 8:45 am]
BILLING CODE 6717-01-P


[Federal Register Volume 84, Number 177 (Thursday, September 12, 2019)]
[Notices]
[Pages 48152-48153]
[FR Doc No: 2019-19770]

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DEPARTMENT OF HEALTH AND HUMAN SERVICES

Food and Drug Administration

[Docket No. FDA-2019-N-3936]

Endocrinologic and Metabolic Drugs Advisory Committee; Notice of
Meeting; Establishment of a Public Docket; Request for Comments

AGENCY: Food and Drug Administration, HHS.

ACTION: Notice; establishment of a public docket; request for comments.

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

SUMMARY: The Food and Drug Administration (FDA) announces a forthcoming
public advisory committee meeting of the Endocrinologic and Metabolic
Drugs Advisory Committee. The general function of the committee is to
provide advice and recommendations to FDA on regulatory issues. The
meeting will be open to the public. FDA is establishing a docket for
public comment on this document.

DATES: The meeting will be held on November 14, 2019, from 8 a.m. to 5
p.m.

ADDRESSES: The meeting will be held at FDA's White Oak Campus, 10903
New Hampshire Ave., Bldg. 31 Conference Center, the Great Room (Rm.
1503), Silver Spring, MD 20993-0002. Answers to commonly asked
questions including information regarding special accommodations due to
a disability, visitor parking, and transportation may be accessed at:
https://www.fda.gov/AdvisoryCommittees/AboutAdvisoryCommittees/ucm408555.htm.
    FDA is establishing a docket for public comment on this meeting.
The docket number is FDA-2019-N-3936. The docket will close on November
13, 2019. Submit either electronic or written comments on this public
meeting by November 13, 2019. Please note that late, untimely filed
comments will not be considered. Electronic comments must be submitted
on or before November 13, 2019. The https://www.regulations.gov
electronic filing system will accept comments until 11:59 p.m. Eastern
Time at the end of November 13, 2019. Comments received by mail/hand
delivery/courier (for written/paper submissions) will be considered
timely if they are postmarked or the delivery service acceptance
receipt is on or before that date.
    Comments received on or before October 30, 2019, will be provided
to the committee. Comments received after that date will be taken into
consideration by FDA. In the event that the meeting is cancelled, FDA
will continue to evaluate any relevant applications or information, and
consider any comments submitted to the docket, as appropriate.
    You may submit comments as follows:

Electronic Submissions

    Submit electronic comments in the following way:
     Federal eRulemaking Portal: https://www.regulations.gov.
Follow the instructions for submitting comments. Comments submitted
electronically, including attachments, to https://www.regulations.gov
will be posted to the docket unchanged. Because your comment will be
made public, you are solely responsible for ensuring that your comment
does not include any confidential information that you or a third party
may not wish to be posted, such as medical information, your or anyone
else's Social Security number, or confidential business information,
such as a manufacturing process. Please note that if you include your
name, contact information, or other information that identifies you in
the body of your comments, that information will be posted on https://www.regulations.gov.
     If you want to submit a comment with confidential
information that you do not wish to be made available to the public,
submit the comment as a written/paper submission and in the manner
detailed (see ``Written/Paper Submissions'' and ``Instructions'').

Written/Paper Submissions

    Submit written/paper submissions as follows:
     Mail/Hand Delivery/Courier (for written/paper
submissions): Dockets Management Staff (HFA-305), Food and

Drug Administration, 5630 Fishers Lane, Rm. 1061, Rockville, MD 20852.
     For written/paper comments submitted to the Dockets
Management Staff, FDA will post your comment, as well as any
attachments, except for information submitted, marked and identified,
as confidential, if submitted as detailed in ``Instructions.''
    Instructions: All submissions received must include the Docket No.
FDA-2019-N-3936 for ``Endocrinologic and Metabolic Drugs Advisory
Committee; Notice of Meeting; Establishment of a Public Docket; Request
for Comments.'' Received comments, those filed in a timely manner (see
ADDRESSES), will be placed in the docket and, except for those
submitted as ``Confidential Submissions,'' publicly viewable at https://www.regulations.gov or at the Dockets Management Staff between 9 a.m.
and 4 p.m., Monday through Friday.
     Confidential Submissions--To submit a comment with
confidential information that you do not wish to be made publicly
available, submit your comments only as a written/paper submission. You
should submit two copies total. One copy will include the information
you claim to be confidential with a heading or cover note that states
``THIS DOCUMENT CONTAINS CONFIDENTIAL INFORMATION.'' FDA will review
this copy, including the claimed confidential information, in its
consideration of comments. The second copy, which will have the claimed
confidential information redacted/blacked out, will be available for
public viewing and posted on https://www.regulations.gov. Submit both
copies to the Dockets Management Staff. If you do not wish your name
and contact information be made publicly available, you can provide
this information on the cover sheet and not in the body of your
comments and you must identify the information as ``confidential.'' Any
information marked as ``confidential'' will not be disclosed except in
accordance with 21 CFR 10.20 and other applicable disclosure law. For
more information about FDA's posting of comments to public dockets, see
80 FR 56469, September 18, 2015, or access the information at: https://www.gpo.gov/fdsys/pkg/FR-2015-09-18/pdf/2015-23389.pdf.
    Docket: For access to the docket to read background documents or
the electronic and written/paper comments received, go to https://www.regulations.gov and insert the docket number, found in brackets in
the heading of this document, into the ``Search'' box and follow the
prompts and/or go to the Dockets Management Staff, 5630 Fishers Lane,
Rm. 1061, Rockville, MD 20852.

FOR FURTHER INFORMATION CONTACT: Jay R. Fajiculay, Center for Drug
Evaluation and Research, Food and Drug Administration, 10903 New
Hampshire Ave., Bldg. 31, Rm. 2417, Silver Spring, MD 20993-0002, 301-
796-9001, Fax:<PHONE_NUMBER>, email<EMAIL_ADDRESS>or FDA Advisory
Committee Information Line, 1-800-741-8138<PHONE_NUMBER> in the
Washington, DC area). A notice in the Federal Register about last
minute modifications that impact a previously announced advisory
committee meeting cannot always be published quickly enough to provide
timely notice. Therefore, you should always check the FDA's website at
https://www.fda.gov/AdvisoryCommittees/default.htm and scroll down to
the appropriate advisory committee meeting link, or call the advisory
committee information line to learn about possible modifications before
coming to the meeting.

SUPPLEMENTARY INFORMATION:
    Agenda: The committee will discuss supplemental new drug
application 202057/S-035, for VASCEPA (icosapent ethyl) capsules for
oral administration, sponsored by Amarin Pharma Inc., for the following
proposed indication: To reduce the risk of cardiovascular events, as an
adjunct to statin therapy in adult patients with elevated triglycerides
levels (135 mg/dL or greater) and other risk factors for cardiovascular
disease, based on the results of a clinical study entitled ``A Study of
AMR101 to Evaluate Its Ability to Reduce Cardiovascular Events in High
Risk Patients With Hypertriglyceridemia and on Statin. The Primary
Objective is to Evaluate the Effect of 4 g/Day AMR101 for Preventing
the Occurrence of a First Major Cardiovascular Event. (REDUCE-IT)''
(available at: https://clinicaltrials.gov/ct2/show/NCT01492361).
    FDA intends to make background material available to the public no
later than 2 business days before the meeting. If FDA is unable to post
the background material on its website prior to the meeting, the
background material will be made publicly available at the location of
the advisory committee meeting, and the background material will be
posted on FDA's website after the meeting. Background material is
available at https://www.fda.gov/AdvisoryCommittees/Calendar/default.htm. Scroll down to the appropriate advisory committee meeting
link.
    Procedure: Interested persons may present data, information, or
views, orally or in writing, on issues pending before the committee.
All electronic and written submissions submitted to the Docket (see
ADDRESSES) on or before October 30, 2019, will be provided to the
committee. Oral presentations from the public will be scheduled between
approximately 1 p.m. and 2 p.m. Those individuals interested in making
formal oral presentations should notify the contact person and submit a
brief statement of the general nature of the evidence or arguments they
wish to present, the names and addresses of proposed participants, and
an indication of the approximate time requested to make their
presentation on or before October 22, 2019. Time allotted for each
presentation may be limited. If the number of registrants requesting to
speak is greater than can be reasonably accommodated during the
scheduled open public hearing session, FDA may conduct a lottery to
determine the speakers for the scheduled open public hearing session.
The contact person will notify interested persons regarding their
request to speak by October 23, 2019.
    Persons attending FDA's advisory committee meetings are advised
that FDA is not responsible for providing access to electrical outlets.
    For press inquiries, please contact the Office of Media Affairs at
<EMAIL_ADDRESS>or<PHONE_NUMBER>.
    FDA welcomes the attendance of the public at its advisory committee
meetings and will make every effort to accommodate persons with
disabilities. If you require accommodations due to a disability, please
contact Jay Fajiculay (see FOR FURTHER INFORMATION CONTACT) at least 7
days in advance of the meeting.
    FDA is committed to the orderly conduct of its advisory committee
meetings. Please visit our website at https://www.fda.gov/AdvisoryCommittees/AboutAdvisoryCommittees/ucm111462.htm for procedures
on public conduct during advisory committee meetings.
    Notice of this meeting is given under the Federal Advisory
Committee Act (5 U.S.C. app. 2).

    Dated: September 6, 2019.
Lowell J. Schiller,
Principal Associate Commissioner for Policy.
[FR Doc. 2019-19770 Filed 9-11-19; 8:45 am]
 BILLING CODE 4164-01-P


[Federal Register Volume 84, Number 249 (Monday, December 30, 2019)]
[Notices]
[Pages 72043-72047]
[FR Doc No: 2019-28027]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-87819; File No. SR-ISE-2019-31]

Self-Regulatory Organizations; Nasdaq ISE, LLC; Notice of Filing
and Immediate Effectiveness of Proposed Rule Change To Adopt a New Rule
Titled ``Off-Exchange RWA Transfers'' at ISE Options 6, Section 6

December 20, 2019.
    Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934
(``Act''),\1\ and Rule 19b-4 thereunder,\2\ notice is hereby given that
on December 17, 2019, Nasdaq ISE, LLC (``ISE'' or ``Exchange'') filed
with the Securities and Exchange Commission (``SEC'' or ``Commission'')
the proposed rule change as described in Items I, II, and III, below,
which Items have been prepared by the Exchange. The Commission is
publishing this notice to solicit comments on the proposed rule change
from interested persons.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
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I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change

    The Exchange proposes to adopt a new rule titled ``Off-Exchange RWA
Transfers'' at ISE Options 6, Section 6.
    The text of the proposed rule change is available on the Exchange's
website at http://ise.cchwallstreet.com/, at the principal office of
the Exchange, and at the Commission's Public Reference Room.

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

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

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

1. Purpose
    The Exchange proposes to adopt a new rule titled, ``Off-Exchange
RWA Transfers'' at ISE Options 6, Section 6. This proposal is
substantially the same as Cboe Exchange, Inc. (``Cboe'') Rule 6.8.\3\
---------------------------------------------------------------------------

    \3\ See Securities Exchange Act Release No. 87374 (October 21,
2019), 84 FR 57542 (October 25, 2019) (SR-Cboe-2019-044).
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    Proposed Options 6, Section 6 is intended to facilitate the
reduction of risk-weighted assets (``RWA'') attributable to open
options positions. SEC Rule 15c3-1 (Net Capital Requirements for
Brokers or Dealers) (``Net Capital Rules'') requires registered broker-
dealers, unless otherwise excepted, to maintain certain specified
minimum levels of capital.\4\ The Net Capital Rules are designed to
protect securities customers, counterparties, and creditors by
requiring that broker-dealers have sufficient liquid resources on hand,
at all times, to meet their financial obligations. Notably, hedged
positions, including offsetting futures and options contract positions,
result in certain net capital requirement reductions under the Net
Capital Rules.\5\
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    \4\ 17 CFR 240.15c3-1.
    \5\ In addition, the Net Capital Rules permit various offsets
under which a percentage of an option position's gain at any one
valuation point is allowed to offset another position's loss at the
same valuation point (e.g. vertical spreads).
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    Subject to certain exceptions, Clearing Members \6\ are subject to
the Net Capital Rules.\7\ However, a subset of Clearing Members are
subsidiaries of U.S. bank holding companies, which, due to their
affiliations with their parent U.S.-bank holding companies, must comply
with additional bank regulatory capital requirements pursuant to
rulemaking required under the Dodd-Frank Wall Street Reform and
Consumer Protection Act.\8\ Pursuant to this mandate, the Board of
Governors of the Federal Reserve System, the Office of the Comptroller
of the Currency, and the Federal Deposit Insurance Corporation have
approved a regulatory capital framework for subsidiaries of U.S. bank
holding company clearing firms.\9\ Generally, these rules, among other
things, impose higher minimum capital and higher asset risk weights
than were previously mandated for Clearing Members that are
subsidiaries of U.S. bank holding companies under the Net Capital
Rules. Furthermore, the new rules do not fully permit deductions for
hedged securities or offsetting options positions.\10\ Rather, capital
charges under these standards are, in large part, based on the
aggregate notional value of short positions regardless of offsets. As a
result, in general, Clearing Members that are subsidiaries of U.S. bank
holding companies must hold substantially more bank regulatory capital
than would otherwise be required under the Net Capital Rules.
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    \6\ The term Clearing Member is defined within General 1,
Section 1(a)(3). All Clearing Members must also be clearing members
of The Options Clearing Corporation (``OCC'').
    \7\ In the event federal regulators modify bank capital
requirements in the future, the Exchange will reevaluate the
proposed rule change at that time to determine whether any
corresponding changes to the proposed rule are appropriate.
    \8\ H.R. 4173 (amending section 3(a) of the Securities Exchange
Act of 1934 (the ``Act'') (15 U.S.C. 78c(a))).
    \9\ 12 CFR 50; 79 FR 61440 (Liquidity Coverage Ratio: Liquidity
Risk Measurement Standards).
    \10\ Many options strategies, including relatively simple
strategies often used by retail customers and more sophisticated
strategies used by broker-dealers, are risk limited strategies or
options spread strategies that employ offsets or hedges to achieve
certain investment outcomes. Such strategies typically involve the
purchase and sale of multiple options (and may be coupled with
purchases or sales of the underlying securities), executed
simultaneously as part of the same strategy. In many cases, the
potential market exposure of these strategies is limited and
defined.
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    The Exchange is concerned with the ability of Market Makers to
provide liquidity in their appointed classes. The Exchange believes
that permitting market participants to efficiently transfer existing
options positions through an off-exchange transfer process would likely
have a beneficial effect on continued liquidity in the options market
without adversely affecting market quality. Liquidity in the listed
options market is critically important. The Exchange believes that the
proposed rule change provides market participants with an efficient
mechanism to transfer their open options positions from one clearing
account to another clearing account and thereby increase liquidity in
the listed options market. ISE currently has no mechanism that firms
may use to transfer positions between clearing accounts without having
to effect a transaction with another party and close a position.
    The proposed rule provides that existing positions in options
listed on the Exchange of a Member or non-Member (including an
affiliate of a Member) may be transferred on, from, or to the books of
a Clearing Member off the Exchange if the transfer establishes a net
reduction of RWA attributable to those options positions (an ``RWA
Transfer''). Proposed paragraph (a)(1) adds examples of two transfers
that would be deemed to establish a net reduction of RWA, and thus
qualify as a permissible RWA Transfer:
     A transfer of options positions from Clearing
Corporation\11\ member A to Clearing Corporation member B that net
(offset) with positions held at Clearing Corporation member B, and thus
closes all or part of those positions (as demonstrated in the example
below); \12\ and
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    \11\ The term Clearing Corporation is defined within General 1,
Section 1(a)(2).
    \12\ This transfer would establish a net reduction of RWA
attributable to the transferring Person, because there would be
fewer open positions and thus fewer assets subject to Net Capital
Rules.
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     A transfer of options positions from a bank-affiliated
Clearing Corporation member to a non-bank-affiliated Clearing
Corporation member.\13\
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    \13\ This transfer would establish a net reduction of RWA
attributable to the transferring Person, because the non-bank-
affiliated Clearing Corporation member would not be subject to Net
Capital Rules, as described above.
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    These transfers will not result in a change in ownership, as they
must occur between accounts of the same Person.
    ``Person'' is defined within proposed Options 6, Section 6(a) as an
individual, partnership (general or limited), joint stock company,
corporation, limited liability company, trust or unincorporated
organization, or any governmental entity or agency or political
subdivision thereof.
    In other words, RWA transfers may only occur between the same
individual or legal entity. These are merely transfers from one
clearing account to another, both of which are attributable to the same
individual or legal entity. A market participant effecting an RWA
Transfer is analogous to an individual transferring funds from a
checking account to a savings account, or from an account at one bank
to an account at another bank--the money still belongs to the same
person, who is just holding it in a different account for personal
financial reasons.

    For example, Market Maker A clears transactions on the Exchange
into an account it has with Clearing Member X, which is affiliated with
a U.S-bank holding company. Market Maker A opens a clearing account
with Clearing Member Y, which is not affiliated with a U.S.-bank
holding company. Clearing Member X has informed Market Maker A that its
open positions may not exceed a certain amount at the end of a calendar
month, or it will be subject to restrictions on new positions it may
open the following month. On August 28, Market Maker A reviews the open
positions in its Clearing Member X clearing account and determines it
must reduce its open positions to satisfy Clearing Member X's
requirements by the end of August. It determines that transferring out
1000 short calls in class ABC will sufficiently reduce the RWA capital
requirements in the account with Clearing Member X to avoid additional
position limits in September. Market Maker A wants to retain the
positions in accordance with its risk profile. Pursuant to the proposed
rule change, on August 31, Market Maker A transfers 1000 short calls in
class ABC to its clearing account with Clearing Member Y. As a result,
Market Maker A can continue to provide the same level of liquidity in
class ABC during September as it did in previous months.
    A Member must give up a Clearing Member for each transaction it
effects on the Exchange, which identifies the Clearing Member through
which the transaction will clear.\14\ A Member may change the give up
for a transaction within a specified period of time.\15\ Additionally,
a Member may also change the Clearing Member \16\ for a specific
transaction. The transfer of positions from an account with one
clearing firm to the account of another clearing firm pursuant to the
proposed rule change has a similar result as changing a give up or
CMTA, as it results in a position that resulted from a transaction
moving from the account of one clearing firm to another, just at a
different time and in a different manner.\17\ In the above example, if
Market Maker A had initially given up Clearing Member Y rather than
Clearing Member X on the transactions that resulted in the 1000 long
calls in class ABC, or had changed the give-up or CMTA to Clearing
Member Y pursuant to Options 6, Section 1 the ultimate result would
have been the same. There are a variety of reasons why firms give up or
CMTA transactions to certain clearing firms (and not to non-bank
affiliate clearing firms) at the time of a transaction, and the
proposed rule change provides firms with a mechanism to achieve the
same result at a later time.
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    \14\ See Options 6B, Section 2.
    \15\ See Options 6, Section 1.
    \16\ The Clearing Member Trade Assignment (``CMTA'') process at
The Options Clearing Corporation (``OCC'') facilitates the transfer
of option trades/positions from one OCC clearing member to another
in an automated fashion. Changing a CMTA for a specific transaction
would allocate the trade to a different OCC clearing member than the
one initially identified on the trade.
    \17\ The transferred positions will continue to be subject to
OCC rules, as they will continue to be held in an account of an OCC
member.
---------------------------------------------------------------------------

    Proposed paragraph (a)(2) states RWA Transfers may occur on a
routine, recurring basis. As noted in the example above, clearing firms
may impose restrictions on the amount of open positions. Permitting
transfers on a routine, recurring basis will provide market
participants with the flexibility to comply with these restrictions
when necessary to avoid position limits on future options activity.
Additionally, proposed paragraph (a)(6) provides that no prior written
notice to the Exchange is required for RWA Transfers. Because of the
potential routine basis on which RWA Transfers may occur, and because
of the need for flexibility to comply with the restrictions described
above, the Exchange believes it may interfere with the ability of
investors firms to comply with any Clearing Member restrictions
describe above, and may be burdensome to provide notice for these
routine transfers.
    Proposed paragraph (a)(3) states RWA Transfers may result in the
netting of positions. Netting occurs when long positions and short
positions in the same series ``offset'' against each other, leaving no
or a reduced position. For example, if there were 100 long calls in one
account, and 100 short calls of the same option series were added to
that account, the positions would offset, leaving no open positions.
Currently, the Exchange permits off-exchange transfers on behalf of a
Market Maker account for transactions in multiply listed options series
on different exchanges, but only if the Market Maker nominees are
trading for the same Member, and the options transactions on the
different options exchanges clear into separate exchange-specific
accounts because they cannot easily clear into the same Market Maker
account at OCC. In such instances, all Market Maker positions in the
exchange-specific accounts for the multiply listed class would be
automatically transferred on their trade date into one central Market
Maker account (commonly referred to as a ``universal account'') at the
Clearing Corporation. Positions cleared into a universal account would
automatically net against each other.
    While RWA Transfers are not occurring because of limitations
related to trading on different exchanges, similar reasoning for the
above exception applies to why netting should be permissible for the
limited purpose of reducing RWA. Firms may maintain different clearing
accounts for a variety of reasons, such as the structure of their
businesses, the manner in which they trade, their risk management
procedures, and for capital purposes. If a Market Maker clears all
transactions into a universal account, offsetting positions would
automatically net. However, if a Market Maker has multiple accounts
into which its transactions cleared, they would not automatically net.
While there are times when a firm may not want to close out open
positions to reduce RWA, there are other times when a firm may
determine it is appropriate to close out positions to accomplish a
reduction in RWA.
    In the example above, suppose after making the RWA Transfer
described above, Market Maker A effects a transaction on September 25
that results in 1000 long calls in class ABC, which clears into its
account with Clearing Member X. If Market Maker A had not effected its
RWA Transfer in August, the 1000 long calls would have offset against
the 1000 short calls, eliminating both positions and thus any RWA
capital requirements associated with them. At the end of August, Market
Maker A did not want to close out the 1000 short calls when it made its
RWA Transfer. However, given changed circumstances in September, Market
Maker A has determined it no longer wants to hold those positions. The
proposed rule change would permit Market Maker A to effect an RWA
Transfer of the 1000 short calls from its account with Clearing Member
Y to its account with Clearing Member X (or vice versa), which results
in elimination of those positions (and a reduction in RWA associated
with them). As noted above, such netting would have occurred if Market
Maker A cleared the September transaction directly into its account
with Clearing Member Y, or had not effected an RWA Transfer in August.
Netting provides market participants with appropriate flexibility to
conduct their businesses as they see fit while having the ability to
reduce RWA capital requirements when necessary.
    RWA Transfers may not result in preferential margin or haircut
treatment.\18\ Additionally, RWA

Transfers may only be effected for options listed on the Exchange and
will be subject to applicable laws, rules, and regulations, including
rules of other self-regulatory organizations (including OCC).\19\
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    \18\ See proposed paragraph (a)(4).
    \19\ See proposed introductory paragraph and proposed paragraph
(a)(7). Transfers of non-Exchange listed options and other financial
instruments are not governed by this proposed rule. Any RWA
transfers will be subject to all applicable recordkeeping
requirements applicable to Members and Clearing Members under the
Securities Exchange Act of 1934, and the rules and regulations
thereunder (the ``Act''), such as Rule 17a-3 and 17a-4.
---------------------------------------------------------------------------

    Finally, the Exchange notes it is reserving Sections 5 and 7 of
Options 6 for consistency in rule numbering with Nasdaq affiliated
markets.
2. Statutory Basis
    The Exchange believes that its proposal is consistent with Section
6(b) of the Act,\20\ in general, and furthers the objectives of Section
6(b)(5) of the Act,\21\ in particular, in that it is designed 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. Additionally, the Exchange believes the proposed rule change
is consistent with the Section 6(b)(5) \22\ requirement that the rules
of an exchange not be designed to permit unfair discrimination between
customers, issuers, brokers, or dealers. The Exchange's proposal is
substantially the same as Cboe Rule 6.8 [sic]
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    \20\ 15 U.S.C. 78f(b).
    \21\ 15 U.S.C. 78f(b)(5).
    \22\ Id.
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    In particular, the Exchange believes the proposed rule change to
permit RWA Transfers will remove impediments to and perfect the
mechanism of a free and open market and a national market system by
providing liquidity in the listed options market. The Exchange believes
providing market participants with an efficient process to reduce RWA
capital requirements attributable to open positions in clearing
accounts with U.S. bank-affiliated clearing firms may contribute to
additional liquidity in the listed options market, which, in general,
protects investors and the public interest.
    The proposed rule change, in particular the proposed changes to
permit RWA transfers to occur on a routine, recurring basis and result
in netting, also provides market participants with sufficient
flexibility to reduce RWA capital requirements at times necessary to
comply with requirements imposed on them by clearing firms. This will
permit market participants to respond to then-current market
conditions, including volatility and increased volume, by reducing the
RWA capital requirements associated with any new positions they may
open while those conditions exist. Given the additional capital that
may become available to market participants as a result of the RWA
Transfers, market participants will be able to continue to provide
liquidity to the market, even during periods of increased volume and
volatility, which liquidity ultimately benefits investors. It is not
possible for market participants to predict what market conditions will
exist at a specific time, and when volatility will occur. The proposed
rule change to permit routine, recurring RWA Transfers (and to not
provide prior written notice) will provide market participants with the
ability to respond to these conditions whenever they occur. Permitting
transfers on a routine, recurring basis will provide market
participants with the flexibility to comply with these restrictions
when necessary to avoid position limits on future options activity. In
addition, with respect to netting, as discussed above, firms may
maintain different clearing accounts for a variety of reasons, such as
the structure of their businesses, the manner in which they trade,
their risk management procedures, and for capital purposes. Netting may
otherwise occur with respect to a firm's positions if it structured its
clearing accounts differently, such as by using a universal account.
Therefore, the proposed rule change will permit netting while allowing
firms to continue to maintain different clearing accounts in a manner
consistent with their businesses.
    The Exchange recognizes the numerous benefits of executing options
transactions occur on an exchanges, including price transparency,
potential price improvement, and a clearing guarantee. However, the
Exchange believes it is appropriate to permit RWA Transfers to occur
off the exchange, as these benefits are inapplicable to RWA Transfers.
RWA Transfers have a narrow scope and are intended to achieve a
limited, benefit purpose. RWA Transfers are not intended to be a
competitive trading tool. There is no need for price discovery or
improvement, as the purpose of the transfer is to reduce RWA asset
capital requirements attributable to a market participants' positions.
Unlike trades on an exchange, the price at which an RWA Transfers
occurs is immaterial--the resulting reduction in RWA is the critical
part of the transfer. RWA Transfers will result in no change in
ownership, and thus they do not constitute trades with a counterparty
(and thus eliminating the need for a counterparty guarantee). The
transactions that resulted in the open positions to be transferred as
an RWA Transfer were already guaranteed by an OCC clearing member, and
the positions will continue to be subject to OCC rules, as they will
continue to be held in an account with an OCC clearing member. The
narrow scope of the proposed rule change and the limited, beneficial
purpose of RWA Transfers make allowing RWA Transfers to occur off the
floor appropriate and important to support the provision of liquidity
in the listed options market.
    The proposed rule change does not unfairly discriminate against
market participants, as all Members and non-Members with open positions
in options listed on the Exchange may use the proposed off-exchange
transfer process to reduce the RWA capital requirements of Clearing
Members.

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.
    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. This process is not intended
to be a competitive trading tool. The Exchange does not believe that
the proposed rule change will impose any burden on intra-market
competition that is not necessary or appropriate in furtherance of the
purposes of the Act, as use of the proposed process is voluntary. All
Members and non-Members with open positions in options listed on the
Exchange may use the proposed off-exchange transfer process to reduce
the RWA capital requirements attributable to those positions. The
Exchange does not believe that the proposed rule change will impose any
burden on intermarket competition that is not necessary or appropriate
in furtherance of the purposes of the Act. RWA Transfers have a limited
purpose, which is to reduce RWA attributable to open positions in
listed options in order to free up capital. The Exchange believes the
proposed rule change may relieve the burden on liquidity providers in
the options market by reducing the RWA attributable to their open
positions. As a result, market participants may be able to increase
liquidity they provide to the

market, which liquidity benefits all market participants.

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

    No written comments were either solicited or received.

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

    Because the foregoing proposed rule change does not: (i)
Significantly affect the protection of investors or the public
interest; (ii) impose any significant burden on competition; and (iii)
become operative for 30 days from the date on which it was filed, or
such shorter time as the Commission may designate, it has become
effective pursuant to Section 19(b)(3)(A)(iii) of the Act \23\ and
subparagraph (f)(6) of Rule 19b-4 thereunder.\24\
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    \23\ 15 U.S.C. 78s(b)(3)(A)(iii).
    \24\ 17 CFR 240.19b-4(f)(6). In addition, Rule 19b-4(f)(6)
requires a self-regulatory organization to give the Commission
written notice of its intent to file the proposed rule change at
least five business days prior to the date of filing of the proposed
rule change, or such shorter time as designated by the Commission.
The Exchange has satisfied this requirement.
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    At any time within 60 days of the filing of the proposed rule
change, the Commission summarily may temporarily suspend such rule
change if it appears to the Commission that such action is necessary or
appropriate in the public interest, for the protection of investors, or
otherwise in furtherance of the purposes of the Act. If the Commission
takes such action, the Commission shall institute proceedings to
determine whether the proposed rule should be approved or disapproved.

IV. Solicitation of Comments

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

Electronic Comments

     Use the Commission's internet comment form (http://www.sec.gov/rules/sro.shtml); or
     Send an email to<EMAIL_ADDRESS>Please include
File Number SR-ISE-2019-31 on the subject line.

Paper Comments

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

All submissions should refer to File Number SR-ISE-2019-31. This file
number should be included on the subject line if email is used. To help
the Commission process and review your comments more efficiently,
please use only one method. The Commission will post all comments on
the Commission's internet website (http://www.sec.gov/rules/sro.shtml).
Copies of the submission, all subsequent amendments, all written
statements with respect to the proposed rule change that are filed with
the Commission, and all written communications relating to the proposed
rule change between the Commission and any person, other than those
that may be withheld from the public in accordance with the provisions
of 5 U.S.C. 552, will be available for website viewing and printing in
the Commission's Public Reference Room, 100 F Street NE, Washington, DC
20549, on official business days between the hours of 10:00 a.m. and
3:00 p.m. Copies of the filing also will be available for inspection
and copying at the principal office of the Exchange. All comments
received will be posted without change. Persons submitting comments are
cautioned that we do not redact or edit personal identifying
information from comment submissions. You should submit only
information that you wish to make available publicly. All submissions
should refer to File Number SR-ISE-2019-31 and should be submitted on
or before January 21, 2020.
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    \25\ 17 CFR 200.30-3(a)(12).

    For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\25\
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2019-28027 Filed 12-27-19; 8:45 am]
BILLING CODE 8011-01-P


[Federal Register: February 10, 2006 (Volume 71, Number 28)]
[Notices]
[Page 7022]
[DOCID:fr10fe06-45]

=======================================================================
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DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission

[Docket No. RP06-201-000]

Cotton Valley Compression, LLC; Notice of Proposed Changes in
FERC Gas Tariff

February 3, 2006.
    Take notice that on January 31, 2006, Cotton Valley Compression,
LLC (Cotton Valley), tendered for filing as part of its FERC Gas
Tariff, Original Volume No. 1, the following tariff sheets, to become
effective March 3, 2006:

Third Revised Sheet No. 2;
Third Revised Sheet No. 4.

    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 and 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 in accordance with the provisions of
Sec.  154.210 of the Commission's regulations (18 CFR 154.210). Anyone
filing an intervention or protest must serve a copy of that document on
the Applicant. Anyone filing an intervention or protest on or before
the intervention or protest date need not serve motions to intervene or
protests on persons other than the Applicant.
    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>.

Magalie R. Salas,
Secretary.
 [FR Doc. E6-1852 Filed 2-9-06; 8:45 am]

BILLING CODE 6717-01-P