[Federal Register Volume 86, Number 211 (Thursday, November 4, 2021)]
[Notices]
[Page 60806]
[FR Doc No: 2021-24106]

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DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission

[Docket No. CP20-484-000; CP20-485-000]

ANR Pipeline Company; Great Lakes Transmission Limited
Partnership; Notice of Availability of the Final Environmental Impact
Statement for the Proposed Alberta Xpress and Lease Capacity
Abandonment Project

    The staff of the Federal Energy Regulatory Commission (FERC or
Commission) has prepared a final environmental impact statement (EIS)
for the Alberta Xpress and Lease Capacity Abandonment Projects,
proposed by ANR Pipeline Company (ANR) and Great Lakes Gas Transmission
Limited Partnership (GLGT) in Docket Nos. CP20-484-000 and CP20-485-
000, respectively. ANR proposes to construct and operate one new
greenfield compressor station (designated as the Turkey Creek
Compressor Station) and modify a mainline valve in Evangeline Parish,
Louisiana, and acquire a lease agreement between ANR and GLGT. ANR has
executed binding precedent agreements with two shippers to transport up
to 165,000 dekatherms per day of natural gas. GLGT proposes to abandon
firm capacity by a lease agreement with ANR. No new construction is
proposed as part of the Lease Capacity Abandonment Project; however,
this is related to the application filed by ANR to construct and
operate the Alberta Xpress Project.
    The final EIS assesses the potential environmental effects of the
construction and operation of the proposed facilities in accordance
with the requirements of the National Environmental Policy Act. The
final EIS is not a decision document. It presents Commission staff's
independent analysis of the environmental issues for the Commission to
consider when addressing the merits of all issues in this proceeding.
    The final EIS responds to comments that were received on the
Commission's December 4, 2020 environmental assessment (EA) and July
30, 2021 draft EIS,\1\ and discloses downstream greenhouse gas
emissions for the projects. With the exception of climate change
impacts, the FERC staff concludes that approval of the proposed
projects, with the mitigation measures recommended in this EIS, would
not result in significant environmental impacts. FERC staff continues
to be unable to determine significance with regards to climate change
impacts.
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    \1\ The project's EA is available on eLibrary under accession
no. 20201204-3004 and the draft EIS is available under accession no.
20210730-3017.
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    The final EIS incorporates the above-referenced EA, which addressed
the potential environmental effects of the construction and operation
of the Turkey Creek Compressor Station and modifications to a mainline
valve. The Turkey Creek Compressor Station would include the following
facilities:
     One 15,900 horsepower gas-fired turbine compressor;
     three inlet filter separators;
     three discharge gas cooling bays;
     36-inch-diameter suction and discharge piping;
     16-inch-diameter cold recycle valves and piping;
     16-inch-diameter unit control valve and bypass piping; and
     related appurtenant facilities.
    The Commission mailed a copy of the Notice of Availability of the
Final Environmental Impact Statement for the Proposed Alberta Xpress
and Lease Capacity Abandonment Projects to federal, state, and local
government representatives and agencies; elected officials;
environmental and public interest groups; Native American tribes;
potentially affected landowners and other interested individuals and
groups; and newspapers and libraries in the Alberta Xpress Project
area. The final EIS is only available in electronic format. It may be
viewed and downloaded from the FERC's website (www.ferc.gov), on the
natural gas environmental documents page (https://www.ferc.gov/industries-data/natural-gas/environment/environmental-documents). In
addition, the draft EIS may be accessed by using the eLibrary link on
the FERC's website. Click on the eLibrary link (https://elibrary.ferc.gov/eLibrary/search), select ``General Search,'' and
enter the docket number in the ``Docket Number'' field (i.e., CP20-484
and CP20-485). Be sure you have selected an appropriate date range. For
assistance, please contact FERC Online Support at
[email protected] or toll free at<PHONE_NUMBER>, or for TTY,
contact<PHONE_NUMBER>.
    Additional information about the projects are available from the
Commission's Office of External Affairs, at (866) 208-FERC, or on the
FERC website (www.ferc.gov) using the eLibrary link. The eLibrary link
also provides access to the texts of all formal documents issued by the
Commission, such as orders, notices, and rulemakings.
    In addition, the Commission offers a free service called
eSubscription that allows you to keep track of all formal issuances and
submittals in specific dockets. This can reduce the amount of time you
spend researching proceedings by automatically providing you with
notification of these filings, document summaries, and direct links to
the documents. Go to https://www.ferc.gov/ferc-online/overview to
register for eSubscription.

    Dated: October 29, 2021.
Debbie-Anne A. Reese,
Deputy Secretary.
[FR Doc. 2021-24106 Filed 11-3-21; 8:45 am]
BILLING CODE 6717-01-P


[Federal Register Volume 85, Number 226 (Monday, November 23, 2020)]
[Notices]
[Pages 74778-74781]
[FR Doc No: 2020-25732]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-90443; File No. SR-NYSEArca-2020-98]

Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing
of Proposed Rule Change Regarding the Availability of Information for
the iShares Gold Trust, the iShares Silver Trust Under NYSE Arca Rule
8.201-E and the iShares S&P GSCI Commodity-Indexed Trust Under Rule
8.203-E

November 17, 2020.
    Pursuant to Section 19(b)(1) \1\ of the Securities Exchange Act of
1934 (the ``Act'') \2\ and Rule 19b-4 thereunder,\3\ notice is hereby
given that, on November 12, 2020, NYSE Arca, Inc. (``NYSE Arca'' or the
``Exchange'') filed with the Securities and Exchange Commission (the
``Commission'') a proposed rule change described in Items I and II
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\ 15 U.S.C. 78a.
    \3\ 17 CFR 240.19b-4.
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I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change

    The Exchange proposes certain changes regarding the availability of
information for the iShares Gold Trust (formerly the iShares[supreg]
COMEX Gold Trust) and the iShares Silver Trust, shares of which are
currently listed on the Exchange under NYSE Arca Rule 8.201-E
(Commodity-Based Trust Shares), and the iShares S&P GSCI Commodity-
Indexed Trust, shares of which currently are listed and traded on the
Exchange under Rule 8.203-E (Commodity Index Trust Shares). The
proposed change is available on the Exchange's website at www.nyse.com,
at the principal office of the Exchange, and at the Commission's Public
Reference Room.

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

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

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

1. Purpose
    The Exchange proposes certain changes regarding the dissemination
of information on the respective websites for the iShares Gold Trust
(formerly the iShares COMEX Gold Trust) \4\ and the iShares Silver
Trust,\5\ shares of which are currently listed on the Exchange under
NYSE Arca Rule 8.201-E (Commodity-Based Trust Shares) and the terms of
the applicable listing rules approved by the Commission, and the S&P
GSCI Commodity-Indexed Trust,

shares of which currently are listed and traded on the Exchange under
Rule 8.203-E (Commodity Index Trust Shares) and the terms of the
applicable listing rules approved by the Commission.\6\
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    \4\ See Securities Exchange Act Release No. 56041 (July 11,
2007), 72 FR 39114 (July 17, 2007) (SR-NYSEArca-2007-43) (Notice of
Filing and Order Granting Accelerated Approval of Proposed Rule
Change to List and Trade Shares of the iShares COMEX Gold Trust)
(``NYSE Arca Gold Order''). The Commission previously approved
listing of iShares COMEX Gold Trust on the American Stock Exchange
LLC. See Securities Exchange Act Release No. 51058 (January 19,
2005), 70 FR 3749 (January 26, 2005) (SR-Amex-2004-38) (granting
approval to list and trade the Shares on Amex) (``Amex Gold
Order''). See also Securities Exchange Act Release Nos. 50792
(December 3, 2004), 69 FR 71446 (December 9, 2004) (SR-Amex-2004-38)
(providing notice of Amex's proposal to list and trade shares of the
Trust) (``Amex Gold Notice''); 63398 (November 30, 2010), 75 FR
76056 (December 7, 2010) (SR-NYSEArca-2010-105) (Notice of Filing
and Immediate Effectiveness of Proposed Rule Change Relating to the
Calculation of Net Asset Value for the iShares Gold Trust). The
following information about Shares of the iShares Gold Trust
currently is required to be available on the iShares Gold Trust's
website pursuant to the Amex Gold Notice, Amex Gold Order and NYSE
Arca Gold Order: (a) The prior business day's NAV per Share; (b)
Basket Gold Amount; (c) the reported Share closing price; (d) the
present day's Indicative Basket Gold Amount; (e) the midpoint of the
bid-ask price in relation to the NAV as of the time the NAV is
calculated (``Bid-Ask Price''); (f) calculation of the premium or
discount of such price against such NAV; (g) data in chart form
displaying the frequency distribution of discounts and premiums of
the Bid-Ask Price against the NAV, within appropriate ranges for
each of the four previous calendar quarters; (h) the prospectus; and
(i) other applicable quantitative information, such as expense
ratios, trading volumes, and the total return of the Shares. As
stated in the Amex Gold Notice and the NYSE Arca Gold Order, the
``Basket Gold Amount'' is the corresponding amount of gold, measured
in fine ounces, to be exchanged for an issuance of a basket of
50,000 Shares for the purpose of creating and redeeming the Shares.
Also, as stated in the Amex Gold Notice and the NYSE Arca Gold
Order, the ``Indicative Basket Gold Amount'' is the indicative
amount of gold to be deposited for issuance of the Shares that
Authorized Participants can use. The NAV per Share, Basket Gold
Amount, Indicative Basket Gold Amount and Indicative Trust Value are
available on the Trust's website or through one or more major market
data vendors, as described above, and are not available on the
Exchange's website. In addition, investors can access the gold spot
price and gold futures prices through major market data vendors. The
Indicative Trust Value also is available through one or more major
market data vendors.
    \5\ See Securities Exchange Act Release No. 58956 (November 14,
2008), 73 FR 71074 (November 24, 2008) (SR-NYSEArca-2008-124)
(Notice of Filing and Order Granting Accelerated Approval of
Proposed Rule Change to List Shares of iShares Silver Trust) (``NYSE
Arca Silver Order''). The Commission previously approved listing of
iShares Silver Trust on the American Stock Exchange LLC. See
Securities Exchange Act Release No. 53521 (March 20, 2006), 71 FR
14967 (March 24, 2006) (SR-Amex-2005-72) (``Amex Silver Order'').
The following information about Shares of the iShares Silver Trust
currently is required to be available on the Trust's website
pursuant to the Amex Silver Order and the NYSE Arca Silver Order:
(a) The prior business day's NAV and the reported closing price; (b)
the midpoint of the bid-ask price in relation to the NAV as of the
time the NAV is calculated (the ``Bid-Asked Price''); (c)
calculation of the premium or discount of such price against such
NAV; (d) data in chart form displaying the frequency distribution of
discounts and premiums of the Bid-Ask Price against the NAV, within
appropriate ranges for each of the four (4) previous calendar
quarters; (e) the Basket Silver Amount; (f) the Indicative Basket
Silver Amount; (g) the prospectus; and (h) other applicable
quantitative information. The NAV per Share, Basket Silver Amount,
Indicative Basket Silver Amount and Indicative Trust Value are
available on the Trust's website or through one or more major market
data vendors, as described above, and are not available on the
Exchange's website. In addition, investors can access the silver
spot price and silver futures prices through major market data
vendors. The Indicative Trust Value also is available through one or
more major market data vendors.
    \6\ See Securities Exchange Act Release No. 56932 (December 7,
2007), 72 FR 71178 (December 14, 2007) (SR-NYSEArca-2007-112)
(Notice of Filing and Order Granting Accelerated Approval of a
Proposed Rule Change to List and Trade Shares of the iShares S&P
GSCI Commodity-Indexed Trust) (``GSCI Order'', '' together with the
Amex Gold Order and Amex Silver Order, the ``Orders''). See also,
Securities Exchange Act Release No. 54025 (June 21, 2006), 71 FR
36856 (June 28, 2006) (SR-NYSEArca-2006-12) (approving, among other
things, the trading of the Shares on NYSE Arca pursuant to unlisted
trading privileges). The Commission previously approved listing of
the iShares S&P GSCI Commodity-Indexed Trust on the New York Stock
Exchange, Inc. See Securities Exchange Act Release No. 54013 (June
16, 2006), 71 FR 36372 (June 26, 2006) (SR-NYSE-2006-17) (approving
listing and trading of the Shares on NYSE). The following
information about Shares of the iShares S&P GSCI Commodity-Indexed
Trust currently is required to be available on the Trust's website
pursuant to the GSCI Order: (a) The prior business day's NAV on a
per Share basis and the reported closing price; (b) the mid-point of
the bid-ask price in relation to the NAV as of the time the NAV is
calculated (the ``Bid-Ask Price''); (c) calculation of the premium
or discount of such price against such NAV; (d) data in chart form
displaying the frequency distribution of discounts and premiums of
the Bid-Ask Price against the NAV, within appropriate ranges for
each of the four previous calendar quarters; (e) the prospectus; (f)
the holdings of the Trust, including CERFs, cash and Treasury
securities; (g) the Basket Amount, and (h) other applicable
quantitative information. The Basket Amount is the amount of CERFs
and Short-Term Securities or cash that an Authorized Participant
must deliver in exchange for one Basket.
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    In the proposed rule changes filed with the Commission by the
Exchange regarding listing and trading of shares (``Shares'') of the
iShares Gold Trust, iShares Silver Trust, and iShares S&P GSCI
Commodity-Indexed Trust (each a ``Trust'' and, collectively, the
``Trusts''), the Exchange described the information available on the
respective Trust's website regarding Trust holdings.\7\ The Exchange
proposes to change certain representations regarding premium and
discount price information to be disseminated on the websites for the
Trusts, as described below. The purpose of this proposed rule change is
[sic] provide that each Trust will disseminate the premium or discount
of the Official Closing Price against the applicable NAV, expressed as
a percentage of such NAV, together with additional information
regarding premium or discount, as described below.
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    \7\ iShares Delaware Trust Sponsor LLC is the sponsor
(``Sponsor'') of the iShares Gold Trust, the iShares Silver Trust
and iShares S&P GSCI Commodity-Indexed Trust.
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    The Orders stated that the Trusts disseminate on their respective
websites a calculation of the premium or discount of the midpoint of
the respective bid-ask price against NAV and data in chart form
displaying the frequency distribution of discounts and premiums of such
price against the NAV, within appropriate ranges for each of the four
previous calendar quarters. The Exchange proposes that, going forward,
a Trust would disseminate the premium or discount of the Official
Closing Price (rather than the midpoint of the respective bid-ask
price) against the NAV as of the prior business day, expressed as a
percentage of such NAV.\8\ Each Trust also would disseminate a table
showing the number of days the Shares of a Trust traded at a premium or
discount during the most recently completed calendar year and the most
recently completed calendar quarters since that year, as well as a line
graph showing the Shares' premiums or discounts for the most recently
completed calendar year and the most recently completed calendar
quarters since that year.\9\
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    \8\ The term ``Official Closing Price'' is defined in NYSE Arca
Rule 1.1(ll) as the reference price to determine the closing price
in a security for purposes of Rule 7-E Equities Trading. The
procedures for determining the Official Closing Price are set forth
in Rule 1.1(ll). See Securities Exchange Act Release No. 82907
(March 20, 2018), 83 FR 12980 (March 26, 2018) (SR-NYSEArca-2018-08)
(Order Approving a Proposed Rule Change to Amend NYSE Arca Rule
1.1(ll)) (``Official Closing Price Approval Order''). See also,
Securities Exchange Act Release No. 84471 (October 23, 2018), 84 FR
54384 (October 29, 2018) (SR-NYSEArca-2018-63) (Order Approving a
Proposed Rule Change To Amend NYSE Arca Rule 1.1(ll)).
    \9\ While the Trusts are not registered under the 1940 Act and,
therefore, are not subject to Rule 6c-11 under the 1940 Act
applicable to exchange-traded funds, the Exchange notes that the
premium/discount information proposed to be disseminated by the
Trusts is consistent with the premium or discount website
requirements applicable to exchange traded funds under Rule 6c-11.
Rule 6c-11(a)(1) defines ``premium or discount'' as the positive or
negative difference between the market price of an exchange-traded
fund share at the time as of which the current net asset value is
calculated and the exchange-traded fund's current net asset value
per share, expressed as a percentage of the exchange-traded fund
share's current net asset value per share. The term ``market price''
is defined in Rule 6c-11(a) as ``(A) The official closing price of
an exchange-traded fund share; or (B) If it more accurately reflects
the market value of an exchange-traded fund share at the time as of
which the exchange-traded fund calculates current net asset value
per share, the price that is the midpoint between the national best
bid and national best offer as of that time.'' Rule 6c-11(c)(1)(iii)
provides that the website disclosure for a series of exchange-traded
fund shares include ``[a] table showing the number of days the
exchange-traded fund's shares traded at a premium or discount during
the most recently completed calendar year and the most recently
completed calendar quarters since that year (or the life of the
exchange-traded fund, if shorter).'' Rule 6c-11(c)(1)(iv) provides
that the website disclosure for a series of exchange-traded fund
shares include ``[a] line graph showing exchange-traded fund share
premiums or discounts for the most recently completed calendar year
and the most recently completed calendar quarters since that year
(or the life of the exchange-traded fund, if shorter).''
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    The Exchange believes that the proposed change concerning how the
Trusts would disclose information regarding premium or discount
information would be both more specific and more comprehensive than the
manner by which premium or discount information is currently
disseminated by the Trusts. By providing the premium and discount
information in a table and line graph as opposed to only in chart form,
and for the previous calendar year and the completed quarters following
such calendar year as opposed to only for the four previous quarters,
the Trusts would provide market participants with additional
information to assess market pricing of Shares of a Trust against NAV
over certain time periods, which may facilitate effective arbitrage
between the market price of a Trust's Shares and its NAV.
    In addition, by disseminating the premium or discount of the
Official Closing Price (rather than the midpoint of the respective bid-
ask price) against the NAV as of the prior business day, the Exchange
believes the Trusts would be utilizing more up-to-date and reliable
pricing information available for the Trust's Shares compared to
midpoint of the bid-ask price. The Exchange's Official Closing Price is
calculated in accordance with the specific and detailed procedures in
Rule 1.1(11).\10\
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    \10\ In approving the Exchange's Rule 1.1(ll), the Commission
noted that ``the primary listing market's closing price for a
security is relied upon by market participants for a variety of
reasons, including, but not limited to, calculation of index values,
calculation of the net asset value of mutual funds and exchange-
traded products, the price of derivatives that are based on the
security, and certain types of trading benchmarks such as volume
weighted average price strategies.'' See Official Closing Price
Approval Order, note 8, supra.
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    While the Trusts are not registered under the 1940 Act and,
therefore, are not subject to Rule 6c-11, the Exchange notes that the
Commission, in discussing the proposed definition of ``market price''
in the Rule 6c-11 Release, stated that ``[w]e continue to believe,
however, that using the ``official closing price'' provides a more
precise measurement of an ETF's market price than other alternatives,
including during disruptive market events.'' [footnote omitted] \11\
Exchanges have detailed

rules regarding the determination of the official closing price of a
security.'' \12\
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    \11\ The Commission also stated that ``[r]equiring use of the
midpoint of the NBBO only if it more accurately reflects market
value also provides an appropriate degree of flexibility to an ETF
when its closing price may be stale or otherwise does not reflect
the ETF share's market value, while at the same time providing a
consistent and verifiable methodology for how ETFs determine market
price.'' See Rule 6c-11 Release, note 343 and accompanying text.
    \12\ See Rule 6c-11 Release, note 343 and accompanying text.
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    Moreover, the manner by which the Exchange determines the Official
Closing Price for the Shares is designed to identify the most accurate
price for such securities. As set forth in NYSE Arca Rule 1.1(ll), the
Official Closing Price is the price established in a ``Closing
Auction'' of one round lot or more on a trading day and if there is no
Closing Auction, the Official Closing Price for the Shares is derived
by adding a percentage of the time-weighted average price (``TWAP'') of
the NBBO midpoint measured over the last 5 minutes before the end of
Core Trading Hours (normally 4:00 p.m. Eastern Time) and a percentage
of the consolidated last-sale eligible trade before the end of Core
Trading Hours on that trading day.\13\ As noted by the Commission when
approving Rule 1.1(ll), ``the proposed calculation for the Official
Closing Price is designed to utilize more recent and reliable market
information to provide a closing price that more accurately reflects
the true and current value of a security that may be thinly traded or
generally illiquid and when the Official Closing Price for such
security may otherwise be based on a potentially stale last-sale
trade.'' \14\ The Commission further noted that ``this objective
calculation would take into account more recent firm quotations over
less recent trades, which trades may provide less information about the
value of a security, and would assign less weight to the last
consolidated last-sale eligible trade the farther away it occurred from
the end of Core Trading Hours.'' \15\
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    \13\ See NYSE Arca Rule 1.1(ll)(1)(B).
    \14\ See Official Closing Price Approval Order, supra note 8, at
footnote 23 and accompanying text.
    \15\ Id.
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    Because the manner by which the Official Closing Price is
determined on the Exchange continues to factor in the midpoint of the
NBBO if there is no Closing Auction, the Exchange believes that
dissemination of the premium or discount of the Official Closing Price
against the NAV as of the prior business day would provide a more
accurate price point for applying the premium or discount calculation
as compared to the current methodology, which disseminates the premium
or discount of solely the midpoint of the respective bid-ask price
against the NAV.
    While NYSE Arca Rules 8.201-E and 8.203-E do not expressly require
that a Trust provide website disclosure of its portfolio, the Trusts
currently provide such disclosure and would continue to do so. Other
than change to information to be disclosed on a Trust's website as
described herein, each of the Trusts would continue to comply with all
other listing requirements set forth in the Orders and in NYSE Arca
Rules 8.201-E and 8.203-E, respectively.
    The Exchange believes that the proposed website disclosure for the
Trusts, together with the portfolio disclosures by the Trusts, would
continue to facilitate effective arbitrage between the market price of
a Trust's Shares and its NAV.
2. Statutory Basis
    The basis under the Act for this proposed rule change is the
requirement under Section 6(b)(5) of the Act that an exchange have
rules that are designed to prevent fraudulent and manipulative acts and
practices, to promote just and equitable principles of trade, to remove
impediments to, and perfect the mechanism of a free and open market
and, in general, to protect investors and the public interest.
    The Exchange believes that the Trusts would disclose information
regarding premium or discount information that is both more specific
and more comprehensive than premium or discount information currently
disseminated by the Trusts. By providing the premium and discount
information in a table and line graph as opposed to only in chart form,
and for the previous calendar year and the completed quarters following
such calendar year as opposed to only for the four previous quarters,
the Trusts would provide market participants with additional
information to assess market pricing of Shares of a Trust against NAV
over certain time periods, which may facilitate effective arbitrage
between the market price of a Trust's Shares and its NAV.
    The Exchange further believes that the proposed rule change to
disseminate the premium or discount of the Official Closing Price
(rather than the midpoint of the respective bid-ask price) against the
NAV as of the prior business day would remove impediments to, and
perfect the mechanism of a free and open market and, in general, to
protect investors and the public interest because the Trusts would be
utilizing more up-to-date and reliable pricing information available
for the Trust's Shares compared to midpoint of the bid-ask price. As
already recognized by the Commission, the manner by which the Exchange
determines the Official Closing Price for the Shares ``is designed to
utilize more recent and reliable market information to provide a
closing price that more accurately reflects the true and current value
of a security.'' \16\ More specifically, if there is no Closing Auction
for the security, the Official Closing Price would continue to factor
in the midpoint of the NBBO. Accordingly, the proposed change to use
the Official Closing Price rather than relying solely on the midpoint
of the bid-ask would not be a material change for those days when the
Official Closing Price is determined for the Shares pursuant to Rule
1.1(ll)(1)(B).
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    \16\ See note 8, supra.
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    While NYSE Arca Rules 8.201-E and 8.203-E do not expressly require
that a Trust provide website disclosure of its portfolio, the Trusts
currently provide such disclosure and would continue to do so. Other
than changes to information to be disclosed on a Trust's website as
described herein, each of the Trusts would continue to comply with all
other listing requirements set forth in the Orders and the Amex Gold
Notice and in NYSE Arca Rules 8.201-E and 8.203-E, respectively.
    Investors can access each Trust's website at no cost. Investors
also can access, for the iShares Gold Trust, the gold spot price and
gold futures prices, and for the iShares Silver Trust, the silver spot
price and silver futures prices through major market data vendors. The
applicable Indicative Trust Value for each Trust is available through
one or more major market data vendors. The NAV per Share for each
Trust' for the iShares Gold Trust, the Basket Gold Amount and
Indicative Basket Gold Amount; and, for the iShares Silver Trust, the
Basket Silver Amount and Indicative Basket Silver Amount are available
on the applicable Trust's website.

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 purpose of the Act. The Exchange believes that
the proposed rule change would provide enhanced website disclosure for
the Trusts as described above, to the benefit of investors and the
marketplace.

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

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

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

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

IV. Solicitation of Comments

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

Electronic Comments

     Use the Commission's internet comment form (http://www.sec.gov/rules/sro.shtml); or
     Send an email to<EMAIL_ADDRESS>Please include
File Number SR-NYSEArca-2020-98 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-NYSEArca-2020-98. 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-NYSEArca-2020-98 and should be submitted
on or before December 14, 2020.
---------------------------------------------------------------------------

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

    For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\17\
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020-25732 Filed 11-20-20; 8:45 am]
BILLING CODE 8011-01-P


[Federal Register Volume 75, Number 35 (Tuesday, February 23, 2010)]
[Rules and Regulations]
[Pages 7940-7942]
[FR Doc No: 2010-3119]

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DEPARTMENT OF TRANSPORTATION

Federal Aviation Administration

14 CFR Part 39

[Docket No. FAA-2009-1107; Directorate Identifier 2009-NM-138-AD;
Amendment 39-16202; AD 2010-04-09]
RIN 2120-AA64

Airworthiness Directives; Airbus Model A330-200 Series Airplanes
and Model A340-200 and -300 Series Airplanes

AGENCY: Federal Aviation Administration (FAA), Department of
Transportation (DOT).

ACTION: Final rule.

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

SUMMARY: We are adopting a new airworthiness directive (AD) for the
products listed above. This AD results from mandatory continuing
airworthiness information (MCAI) originated by an aviation authority of
another country to identify and correct an unsafe condition on an
aviation product. The MCAI describes the unsafe condition as:

* * * * *
    [European Aviation Safety Agency (EASA)] AD 2006-0191 [which
corresponds to FAA AD 2006-21-08] required the installation of new
heat shield panels with drainage over the air conditioning packs in
order to avoid an undetected fire in this zone following a fuel leak
from the centre tank.
    These new heat shield panels have holes. In case of fuel leaking
through these holes from the centre tank, any fuel vapour may
develop into a potential source of ignition, possibly resulting in a
fuel tank explosion and consequent loss of the aeroplane.***
* * * * *

We are issuing this AD to require actions to correct the unsafe
condition on these products.

DATES: This AD becomes effective March 30, 2010.
    The Director of the Federal Register approved the incorporation by
reference of certain publications listed in this AD as of March 30,
2010.

ADDRESSES: You may examine the AD docket on the Internet at http://www.regulations.gov or in person at the U.S. Department of
Transportation, Docket Operations, M-30, West Building Ground Floor,
Room W12-140, 1200 New Jersey Avenue, SE., Washington, DC.

FOR FURTHER INFORMATION CONTACT: Vladimir Ulyanov, Aerospace Engineer,
International Branch, ANM-116, Transport Airplane Directorate, FAA,
1601 Lind Avenue, SW., Renton, Washington 98057-3356; telephone (425)
227-1138; fax<PHONE_NUMBER>.

SUPPLEMENTARY INFORMATION:

Discussion

    We issued a notice of proposed rulemaking (NPRM) to amend 14 CFR
part 39 to include an AD that would apply to the specified products.
That NPRM was published in the Federal Register on December 1, 2009 (74
FR 62713). That NPRM proposed to correct an unsafe condition for the
specified products. The MCAI states:

* * * * *
    * * * EASA AD 2006-0191 [which corresponds to FAA AD 2006-21-08]
required the installation of new heat shield panels with drainage
over the air conditioning packs in order to avoid an undetected fire
in this zone following a fuel leak from the centre tank.
    These new heat shield panels have holes. In case of fuel leaking
through these holes from the centre tank, any fuel vapour may
develop into a potential source of ignition, possibly resulting in a
fuel tank explosion and consequent loss of the aeroplane. Airbus has
developed a repair solution for these holes to prevent a fuel vapour
ignition source in this area and improve the protection of the hot
air equipment.
    [T]his AD requires the installation of plugs on the heat shield
panels of the Left Hand (LH) and Right Hand (RH) Air Conditioning
packs.

You may obtain further information by examining the MCAI in the AD
docket.

Comments

    We gave the public the opportunity to participate in developing
this AD. We received no comments on the NPRM or on the determination of
the cost to the public.

Explanation of Change to Costs of Compliance

    Since issuance of the NPRM, we have increased the labor rate used
in the Costs of Compliance from $80 per work-hour to $85 per work-hour.
The Costs of Compliance information, below, reflects this increase in
the specified hourly labor rate.

Conclusion

    We reviewed the available data and determined that air safety and
the public interest require adopting the AD as proposed.

Differences Between This AD and the MCAI or Service Information

    We have reviewed the MCAI and related service information and, in
general, agree with their substance. But we might have found it
necessary to use different words from those in the MCAI to ensure the
AD is clear for U.S. operators and is enforceable. In making these
changes, we do not intend to differ

substantively from the information provided in the MCAI and related
service information.
    We might also have required different actions in this AD from those
in the MCAI in order to follow our FAA policies. Any such differences
are highlighted in a Note within the AD.

Costs of Compliance

    Based on the service information, we estimate that this AD will
affect about 12 products of U.S. registry. We also estimate that it
will take about 3 work-hours per product to comply with the basic
requirements of this AD. The average labor rate is $85 per work-hour.
Based on these figures, we estimate the cost of the proposed AD on U.S.
operators to be $3,060, or $255 per product.

Authority for This Rulemaking

    Title 49 of the United States Code specifies the FAA's authority to
issue rules on aviation safety. Subtitle I, section 106, describes the
authority of the FAA Administrator. ``Subtitle VII: Aviation
Programs,'' describes in more detail the scope of the Agency's
authority.
    We are issuing this rulemaking under the authority described in
``Subtitle VII, Part A, Subpart III, Section 44701: General
requirements.'' Under that section, Congress charges the FAA with
promoting safe flight of civil aircraft in air commerce by prescribing
regulations for practices, methods, and procedures the Administrator
finds necessary for safety in air commerce. This regulation is within
the scope of that authority because it addresses an unsafe condition
that is likely to exist or develop on products identified in this
rulemaking action.

Regulatory Findings

    We determined that this AD will not have federalism implications
under Executive Order 13132. This AD will not have a substantial direct
effect on the States, on the relationship between the national
government and the States, or on the distribution of power and
responsibilities among the various levels of government.
    For the reasons discussed above, I certify this AD:
    1. Is not a ``significant regulatory action'' under Executive Order
12866;
    2. Is not a ``significant rule'' under the DOT Regulatory Policies
and Procedures (44 FR 11034, February 26, 1979); and
    3. Will not have a significant economic impact, positive or
negative, on a substantial number of small entities under the criteria
of the Regulatory Flexibility Act.
    We prepared a regulatory evaluation of the estimated costs to
comply with this AD and placed it in the AD docket.

Examining the AD Docket

    You may examine the AD docket on the Internet at http://www.regulations.gov; or in person at the Docket Operations office
between 9 a.m. and 5 p.m., Monday through Friday, except Federal
holidays. The AD docket contains the NPRM, the regulatory evaluation,
any comments received, and other information. The street address for
the Docket Operations office (telephone<PHONE_NUMBER>) is in the
ADDRESSES section. Comments will be available in the AD docket shortly
after receipt.

List of Subjects in 14 CFR Part 39

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

Adoption of the Amendment

0
Accordingly, under the authority delegated to me by the Administrator,
the FAA amends 14 CFR part 39 as follows:

PART 39--AIRWORTHINESS DIRECTIVES

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

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

Sec.  39.13  [Amended]

0
2. The FAA amends Sec.  39.13 by adding the following new AD:

2010-04-09 Airbus: Amendment 39-16202. Docket No. FAA-2009-1107;
Directorate Identifier 2009-NM-138-AD.

Effective Date

    (a) This airworthiness directive (AD) becomes effective March
30, 2010.

Affected ADs

    (b) None.

Applicability

    (c) This AD applies to the airplanes identified in paragraphs
(c)(1) and (c)(2) of this AD, certificated in any category; on which
Airbus Modification 49520 has been embodied in production, or on
which Airbus Service Bulletin A330-21-3096, Revision 01, or Airbus
Service Bulletin A340-21-4107, Revision 01, has been embodied in
service; except those airplanes on which Airbus Modification 58551
has been embodied in production.
    (1) Airbus Model A330-201, -202, -203, -223, and -
    (2) Airbus Model A340-211, -212, and -213 airplanes; and Model
A340-311, -312, and -313 airplanes; all manufacturer serial numbers.

Subject

    (d) Air Transport Association (ATA) of America Code 21: Air
conditioning.

Reason

    (e) The mandatory continuing airworthiness information (MCAI)
states:
* * * * *
    * * * EASA [European Aviation Safety Agency] AD 2006-0191 [which
corresponds to FAA AD 2006-21-08] required the installation of new
heat shield panels with drainage over the air conditioning packs in
order to avoid an undetected fire in this zone following a fuel leak
from the centre tank.
    These new heat shield panels have holes. In case of fuel leaking
through these holes from the centre tank, any fuel vapour may
develop into a potential source of ignition, possibly resulting in a
fuel tank explosion and consequent loss of the aeroplane. Airbus has
developed a repair solution for these holes to prevent a fuel vapour
ignition source in this area and improve the protection of the hot
air equipment.
    [T]his AD requires the installation of plugs on the heat shield
panels of the Left Hand (LH) and Right Hand (RH) Air Conditioning
packs.

Actions and Compliance

    (f) Unless already done, within 24 months after the effective
date of this AD: Plug the six receptacle holes on the heat shield of
the left-hand air conditioning pack and plug the four receptacle
holes on the heat shield of the right-hand air conditioning pack, in
accordance with the Accomplishment Instructions of Airbus Mandatory
Service Bulletin A330-21-3148, dated January 30, 2009 (for Model
A330-201, -202, -203, -223, and -243 airplanes); or Airbus Mandatory
Service Bulletin A340-21-4147, dated January 30, 2009 (for Model
A340-211, -212, and -213 airplanes; and Model A340-311, -312, and -
313 airplanes); as applicable.

FAA AD Differences

    Note 1:  This AD differs from the MCAI and/or service
information as follows: No differences.

Other FAA AD Provisions

    (g) The following provisions also apply to this AD:
    (1) Alternative Methods of Compliance (AMOCs): The Manager,
International Branch, ANM-116, Transport Airplane Directorate, FAA,
has the authority to approve AMOCs for this AD, if requested using
the procedures found in 14 CFR 39.19. Send information to ATTN:
Vladimir Ulyanov, Aerospace Engineer, International Branch, ANM-116,
Transport Airplane Directorate, FAA, 1601 Lind Avenue, SW., Renton,
Washington 98057-3356; telephone<PHONE_NUMBER>; fax<PHONE_NUMBER>.
Before using any approved AMOC on any airplane to which the AMOC
applies, notify your principal maintenance inspector (PMI) or
principal avionics inspector (PAI), as appropriate, or lacking a
principal inspector, your local Flight Standards District Office.
The AMOC approval letter must specifically reference this AD.
    (2) Airworthy Product: For any requirement in this AD to obtain
corrective actions from a manufacturer or other source, use these
actions if they are FAA-approved. Corrective

actions are considered FAA-approved if they are approved by the
State of Design Authority (or their delegated agent). You are
required to assure the product is airworthy before it is returned to
service.
    (3) Reporting Requirements: For any reporting requirement in
this AD, under the provisions of the Paperwork Reduction Act (44
U.S.C. 3501 et seq.), the Office of Management and Budget (OMB) has
approved the information collection requirements and has assigned
OMB Control Number 2120-0056.

Related Information

    (h) Refer to MCAI EASA Airworthiness Directive 2009-0150, dated
July 9, 2009; Airbus Mandatory Service Bulletin A330-21-3148, dated
January 30, 2009; and Airbus Mandatory Service Bulletin A340-21-
4147, dated January 30, 2009; for related information.

Material Incorporated by Reference

    (i) You must use Airbus Mandatory Service Bulletin A330-21-3148,
including Appendix 1, dated January 30, 2009; or Airbus Mandatory
Service Bulletin A340-21-4147, including Appendix 1, dated January
30, 2009; as applicable; to do the actions required by this AD,
unless the AD specifies otherwise.
    (1) The Director of the Federal Register approved the
incorporation by reference of this service information under 5
U.S.C. 552(a) and 1 CFR part 51.
    (2) For service information identified in this AD, contact
Airbus SAS--Airworthiness Office--EAL, 1 Rond Point Maurice
Bellonte, 31707 Blagnac Cedex, France; telephone +33 5 61 93 36 96;
fax +33 5 61 93 45 80, e-mail<EMAIL_ADDRESS>
Internet http://www.airbus.com.
    (3) You may review copies of the service information at the FAA,
Transport Airplane Directorate, 1601 Lind Avenue, SW., Renton,
Washington. For information on the availability of this material at
the FAA, call<PHONE_NUMBER> or<PHONE_NUMBER>.
    (4) You may also review copies of the service information that
is incorporated by reference at the National Archives and Records
Administration (NARA). For information on the availability of this
material at NARA, call<PHONE_NUMBER>, or go to: http://www.archives.gov/federal_register/code_of_federal_regulations/ibr_locations.html.

    Issued in Renton, Washington, on February 5, 2010.
Stephen P. Boyd,
Acting Manager, Transport Airplane Directorate, Aircraft Certification
Service.
[FR Doc. 2010-3119 Filed 2-22-10; 8:45 am]
BILLING CODE 4910-13-P