State of Alabama; Amendment #4, 1499 [05-361]

Download as PDF Federal Register / Vol. 70, No. 5 / Friday, January 7, 2005 / Notices Exchange proposes to amend Phlx Rule 1009A(b)(6) to increase the 25% concentration limit for the highest weighted component stock to 30%, and to increase the concentration limit for the five mostly highly weighted stocks in an index consisting of fewer than 25 component securities from 60% to 65%. III. Discussion and Commission Findings The Commission has reviewed carefully the proposed rule change, as amended, and finds that it is consistent with the requirements of the Act and the rules and regulations thereunder applicable to a national securities exchange.5 In particular, the Commission finds that the proposed rule change, is consistent with Section 6(b)(5) of the Act,6 which requires that the rules of an exchange be designed to promote just and equitable principles of trade, remove impediments to and perfect the mechanism of a free and open market and a national securities system, and, in general, protect investors and the public interest. The Commission believes that this proposed rule change should provide additional flexibility to the Exchange in listing and trading narrow-based index options and reduce the instances in which the addition of a new series is restricted pursuant to Phlx Rule 1009A. The proposed rule change should also reduce instances where an index option listed on the Exchange is temporarily out of compliance with the concentration limits set forth under Phlx Rule 1009A because of changes in the market value of the underlying index components. Lastly, the Commission believes that that the concentration limit listing standards should continue to serve the purpose for which they were originally intended of not permitting a single security or small number of securities to dominate an index. The Exchange has requested accelerated approval of the proposed rule change. The Commission notes that the proposed rule change is similar to rules previously approved for other derivative products.7 The Commission also notes that this proposed rule change was subject to the full comment period, with no comments received, and 5 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). 6 15 U.S.C. 78f(b)(5). 7 See Securities Exchange Act Release No. 44532 (July 10, 2001), 66 FR 37078 (July 16, 2001) (SR– Amex–2001–25); Securities Exchange Act Release No. 45920 (May 13, 2002), 67 FR 35605 (May 20, 2002) (SR–NASD–2002–45). VerDate jul<14>2003 20:44 Jan 06, 2005 Jkt 205001 acceleration by two days would facilitate the Exchange’s trading of certain index options. Accordingly, the Commission finds good cause, pursuant to Section 19(b)(2) of the Act,8 for approving the proposed rule change, as amended, prior to the thirtieth day after the date of publication of notice thereof in the Federal Register. IV. Conclusion It is therefore ordered, pursuant to Section 19(b)(2) of the Act,9 that the proposed rule change (File No. SR– Phlx–2004–66) be, and it hereby is, approved, on an accelerated basis. For the Commission, by the Division of Market Regulation, pursuant to delegated authority.10 Jill M. Peterson, Assistant Secretary. [FR Doc. E5–25 Filed 1–6–05; 8:45 am] BILLING CODE 8010–01–P SMALL BUSINESS ADMINISTRATION [Declaration of Disaster #3624] State of Alabama; Amendment #4 In accordance with a notice received from the Department of Homeland Security—Federal Emergency Management Agency—effective December 20, 2004, the above numbered declaration is hereby amended to extend the deadline for filing applications for physical damages as a result of this disaster to March 3, 2005. All other information remains the same, i.e., the deadline for filing applications for economic injury is June 15, 2005. (Catalog of Federal Domestic Assistance Program Nos. 59002 and 59008) Dated: December 29, 2004. S. George Camp, Acting Associate Administrator for Disaster Assistance. [FR Doc. 05–361 Filed 1–6–05; 8:45 am] BILLING CODE 8025–01–P SMALL BUSINESS ADMINISTRATION [Declaration of Disaster #3615] State of Florida; Amendment #6 In accordance with a notice received from the Department of Homeland Security—Federal Emergency Management Agency—effective December 28, 2004, the above numbered PO 00000 8 15 U.S.C. 78s(b)(2). U.S.C. 78s(b)(2). 10 17 CFR 200.30–3(a)(12). 9 15 Frm 00092 Fmt 4703 Sfmt 4703 1499 declaration is hereby amended to extend the deadline for filing applications for physical damages as a result of this disaster to February 28, 2005. All other information remains the same, i.e., the deadline for filing applications for economic injury is May 13, 2005. (Catalog of Federal Domestic Assistance Program Nos. 59002 and 59008) Dated: December 29, 2004. S. George Camp, Acting Associate Administrator for Disaster Assistance. [FR Doc. 05–359 Filed 1–6–05; 8:45 am] BILLING CODE 8025–01–P SMALL BUSINESS ADMINISTRATION [Declaration of Disaster #3620] State of Florida; Amendment #9 In accordance with a notice received from the Department of Homeland Security—Federal Emergency Management Agency—effective December 28, 2004, the above numbered declaration is hereby amended to extend the deadline for filing applications for physical damages as a result of this disaster to February 28, 2005. All other information remains the same, i.e., the deadline for filing applications for economic injury is June 6, 2005. (Catalog of Federal Domestic Assistance Program Nos. 59002 and 59008) Dated: December 29, 2004. S. George Camp, Acting Associate Administrator for Disaster Assistance. [FR Doc. 05–360 Filed 1–6–05; 8:45 am] BILLING CODE 8025–01–P SMALL BUSINESS ADMINISTRATION [Declaration of Disaster #3627] State of Florida; Amendment #6 In accordance with a notice received from the Department of Homeland Security—Federal Emergency Management Agency—effective December 28, 2004, the above numbered declaration is hereby amended to extend the deadline for filing applications for physical damages as a result of this disaster to February 28, 2005. All other information remains the same, i.e., the deadline for filing applications for economic injury is June 16, 2005. (Catalog of Federal Domestic Assistance Program Nos. 59002 and 59008) E:\FR\FM\07JAN1.SGM 07JAN1

Agencies

[Federal Register Volume 70, Number 5 (Friday, January 7, 2005)]
[Notices]
[Page 1499]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 05-361]


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SMALL BUSINESS ADMINISTRATION

[Declaration of Disaster 3624]


State of Alabama; Amendment 4

    In accordance with a notice received from the Department of 
Homeland Security--Federal Emergency Management Agency--effective 
December 20, 2004, the above numbered declaration is hereby amended to 
extend the deadline for filing applications for physical damages as a 
result of this disaster to March 3, 2005.
    All other information remains the same, i.e., the deadline for 
filing applications for economic injury is June 15, 2005.

(Catalog of Federal Domestic Assistance Program Nos. 59002 and 
59008)

    Dated: December 29, 2004.
S. George Camp,
Acting Associate Administrator for Disaster Assistance.
[FR Doc. 05-361 Filed 1-6-05; 8:45 am]
BILLING CODE 8025-01-P
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