Culturally Significant Objects Imported for Exhibition Determinations: “Matisse, His Art and His Textiles: The Fabric of Dreams”, 20614 [05-7922]
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Federal Register / Vol. 70, No. 75 / Wednesday, April 20, 2005 / Notices
The Exchange also proposed a
technical change to an example noted in
Exchange Rule 1080(c)(iv)(A) to reflect
decimal pricing.
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.8 In particular, the
Commission finds that the proposed
rule change is consistent with section
6(b)(5) of the Act,9 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 the
proposal automating the execution of
certain market orders that currently are
handled manually by the specialist will
provide more efficient and immediate
executions.10 In addition, the
Commission believes that the threesecond order exposure feature for
inbound limit orders when the
Exchange’s disseminated price is not the
NBBO, along with the automatic
execution of unexecuted contracts up to
the Exchange’s disseminated size when
the Exchange’s disseminated price
becomes the NBBO and the automatic
routing through Linkage of unexecuted
contracts when the Exchange’s
disseminated price is not the NBBO,
will provide an effective means for
avoiding trade-throughs. The
Commission further believes that it is
consistent with the Act for the Exchange
to cancel automatically broker-dealer
marketable limit orders in instances
where the Exchange’s disseminated
quote is not the NBBO.
Finally, the Commission believes that
the automated handling of market
orders to sell when the bid price is zero
should also provide more efficient
executions of such orders.
8 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).
9 15 U.S.C. 78f(b)(5).
10 The Commission notes that the proposed rule
change does not alter the Exchange’s rules on
priority or trade allocation. According to the
Exchange, orders that are executed automatically on
the Phlx are allocated to participants on parity in
accordance with the allocation algorithm set forth
in Exchange Rule 1014(g)(vii). Telephone
conversation between Richard S. Rudolph, Vice
President and Counsel, Exchange, and Nancy J.
Sanow, Assistant Director, Division of Market
Regulation, Commission, on April 11, 2005.
VerDate jul<14>2003
14:54 Apr 19, 2005
Jkt 205001
The Exchange has requested
accelerated approval of the proposed
rule change. The Commission notes that
a portion of the proposed rule change is
similar to rules previously approved by
the Commission for another exchange.11
The Commission also notes that the
Exchange’s proposed rule change was
subject to the full comment period, with
no comments received, and accelerated
approval of the proposed rule change,
by increasing the automation of order
handling, should help facilitate more
efficient and immediate executions of
transactions on the Exchange.
Accordingly, the Commission finds
good cause, pursuant to section 19(b)(2)
of the Act 12 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,13 that the
proposed rule change (SR–Phlx 005–03),
as amended, be, and hereby is, approved
on an accelerated basis.
For the Commission, by the Division of
Market Regulation, pursuant to delegated
authority.14
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. E5–1860 Filed 4–19–05; 8:45 am]
DEPARTMENT OF STATE
[Public Notice 5055]
Culturally Significant Objects Imported
for Exhibition Determinations:
‘‘Matisse, His Art and His Textiles: The
Fabric of Dreams’’
Summary: Notice is hereby given of
the following determinations: Pursuant
to the authority vested in me by the Act
of October 19, 1965 (79 Stat. 985; 22
U.S.C. 2459), Executive Order 12047 of
March 27, 1978, the Foreign Affairs
Reform and Restructuring Act of 1998
(112 Stat. 2681, et seq.; 22 U.S.C. 6501
note, et seq.), Delegation of Authority
No. 234 of October 1, 1999, Delegation
of Authority No. 236 of October 19,
1999, as amended, and Delegation of
Authority No. 257 of April 15, 2003 [68
FR 19875], I hereby determine that the
objects to be included in the exhibition
‘‘Matisse: His Art and His Textiles: The
11 See Securities Exchange Act Release No. 49068
(January 13, 2004) 69 FR 2775 (January 20,
2004)(SR–BSE–2002–15).
12 15 U.S.C. 78s(b)(2).
13 15 U.S.C. 78s(b)(2).
14 17 CFR 200.30–3(a)(12).
Frm 00100
Fmt 4703
Dated: April 13, 2005.
C. Miller Crouch,
Principal Deputy Assistant Secretary for
Educational and Cultural Affairs, Department
of State.
[FR Doc. 05–7922 Filed 4–19–05; 8:45 am]
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DEPARTMENT OF STATE
[Delegation of Authority No. 277]
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PO 00000
Fabric of Dreams,’’ imported from
abroad for temporary exhibition within
the United States, are of cultural
significance. The objects are imported
pursuant to loan agreements with the
foreign owners. I also determine that the
exhibition or display of the exhibit
objects at The Metropolitan Museum of
Art, New York, New York, from on or
about June 20, 2005 to on or about
September 25, 2005, and at possible
additional venues yet to be determined,
is in the national interest. Public Notice
of these Determinations is ordered to be
published in the Federal Register.
FOR FURTHER INFORMATION CONTACT: For
further information, including a list of
the exhibit objects, contact Wolodymyr
R. Sulzynsky, the Office of the Legal
Adviser, Department of State,
(telephone: 202/453–8050). The address
is Department of State, SA–44, 301 4th
Street, SW., Room 700, Washington, DC
20547–0001.
Sfmt 4703
Delegation by the Secretary of State to
the Assistant Secretary for Economic
and Business Affairs of Authorities
Normally Vested in the Under
Secretary for Economic, Business, and
Agricultural Affairs
By virtue of the authority vested in
me as Secretary of State by the laws of
the United States, including Section 1 of
the State Department Basic Authorities
Act of 1956, as amended (22 U.S.C. 2651
a), I hereby delegate to E. Anthony
Wayne, to the extent authorized by law,
all authorities vested in the Under
Secretary for Economic, Business, and
Agricultural Affairs, including all
authorities vested in the Secretary of
State or head of agency that have been
or may be delegated or re-delegated to
the Under Secretary for Economic,
Business, and Agricultural Affairs.
Any authorities covered by this
delegation may also be exercised by the
Secretary of State or the Deputy
Secretary of State.
Any act, executive order, regulation,
or procedure subject to, or affected by,
this delegation shall be deemed to be
such act, executive order, regulation, or
procedure as amended from time to
time.
E:\FR\FM\20APN1.SGM
20APN1
Agencies
[Federal Register Volume 70, Number 75 (Wednesday, April 20, 2005)]
[Notices]
[Page 20614]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 05-7922]
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DEPARTMENT OF STATE
[Public Notice 5055]
Culturally Significant Objects Imported for Exhibition
Determinations: ``Matisse, His Art and His Textiles: The Fabric of
Dreams''
Summary: Notice is hereby given of the following determinations:
Pursuant to the authority vested in me by the Act of October 19, 1965
(79 Stat. 985; 22 U.S.C. 2459), Executive Order 12047 of March 27,
1978, the Foreign Affairs Reform and Restructuring Act of 1998 (112
Stat. 2681, et seq.; 22 U.S.C. 6501 note, et seq.), Delegation of
Authority No. 234 of October 1, 1999, Delegation of Authority No. 236
of October 19, 1999, as amended, and Delegation of Authority No. 257 of
April 15, 2003 [68 FR 19875], I hereby determine that the objects to be
included in the exhibition ``Matisse: His Art and His Textiles: The
Fabric of Dreams,'' imported from abroad for temporary exhibition
within the United States, are of cultural significance. The objects are
imported pursuant to loan agreements with the foreign owners. I also
determine that the exhibition or display of the exhibit objects at The
Metropolitan Museum of Art, New York, New York, from on or about June
20, 2005 to on or about September 25, 2005, and at possible additional
venues yet to be determined, is in the national interest. Public Notice
of these Determinations is ordered to be published in the Federal
Register.
FOR FURTHER INFORMATION CONTACT: For further information, including a
list of the exhibit objects, contact Wolodymyr R. Sulzynsky, the Office
of the Legal Adviser, Department of State, (telephone: 202/453-8050).
The address is Department of State, SA-44, 301 4th Street, SW., Room
700, Washington, DC 20547-0001.
Dated: April 13, 2005.
C. Miller Crouch,
Principal Deputy Assistant Secretary for Educational and Cultural
Affairs, Department of State.
[FR Doc. 05-7922 Filed 4-19-05; 8:45 am]
BILLING CODE 4710-08-P