Sunshine Act Meeting, 43725-43726 [05-15103]

Download as PDF Federal Register / Vol. 70, No. 144 / Thursday, July 28, 2005 / Notices workshop, ‘‘Emergency Preparedness Enhancements in the Post-9/11 Environment,’’ covered a broad range of EP topics, including proposed 9/11related enhancements regarding offsite preparedness/response. The workshop was attended by stakeholders nationwide. During the workshop, EPD staff recorded all comments and questions brought forth by stakeholders in a ‘‘Parking Lot.’’ NRC and FEMA promised stakeholders that they would provide responses to these comments and questions. Since NREP, the staff has worked with FEMA to develop responses to the ‘‘Parking Lot’’ comments and questions. This part of the meeting is intended to discuss the NRC/FEMA responses to the NREP ‘‘Parking Lot’’ comments and questions, that will be included on the following Web site on or about August 1: http:// www.nrc.gov/public-involve/publicmeetings/epreview2005.html. Dated in Rockville, Maryland, the 22nd day of July 2005. For the Nuclear Regulatory Commission. Nader L. Mamish, Director, Emergency Preparedness Directorate, Division of Preparedness and Response, Office of Nuclear Security and Incident Response. [FR Doc. E5–4011 Filed 7–27–05; 8:45 am] BILLING CODE 7590–01–P SECURITIES AND EXCHANGE COMMISSION Proposed Collection; Comment Request Upon written request, copies available from: Securities and Exchange Commission, Office of Filings and Information Services, Washington, DC 20549. Extension: Rule 17Ab2–1, SEC File No. 270–203, OMB Control No. 3235–0195. Form CA–1, SEC File No. 270–203, OMB Control No. 3235–0195. Notice is hereby given that, pursuant to the Paperwork Reduction Act of 1995 (44 U.S.C. 3501 et seq.), the Securities and Exchange Commission (‘‘Commission’’) is soliciting comments on the collection of information summarized below. The Commission plans to submit this existing collection of information to the Office of Management and Budget for extension and approval. • Rule 17Ab2–1 and Form CA–1: Registration of Clearing Agencies Rule 17Ab2–1 and Form CA–1 require clearing agencies to register with the VerDate jul<14>2003 13:40 Jul 27, 2005 Jkt 205001 Commission and to meet certain requirements with regard to, among other things, a clearing agency’s organization, capacities, and rules. The information is collected from the clearing agency upon the initial application for registration on Form CA–1. Thereafter, information is collected by amendment to the initial Form CA–1 when material changes in circumstances necessitate modification of the information previously provided to the Commission. The Commission uses the information disclosed on Form CA–1 to (i) determine whether an applicant meets the standards for registration set forth in Section 17A of the Securities Exchange Act of 1934 (‘‘Exchange Act’’), (ii) enforce compliance with the Exchange Act’s registration requirement, and (iii) provide information about specific registered clearing agencies for compliance and investigatory purposes. Without Rule 17Ab2–1, the Commission could not perform these duties as statutorily required. There are currently approximately ten registered clearing agencies and five clearing agencies that have been granted an exemption from registration. The Commission staff estimates that each initial Form CA–1 requires approximately 130 hours to complete and submit for approval. Hours required for amendments to Form CA–1 that must be submitted to the Commission in connection with material changes to the initial CA–1 can vary, depending upon the nature and extent of the amendment. Since the Commission only receives an average of one submission per year, the aggregate annual burden associated with compliance with Rule 17Ab2–1 and Form CA–1 is 130 hours. Based upon the staff’s experience, the average cost to clearing agencies of preparing and filing the initial Form CA–1 is estimated to be $18,000. Written comments are invited on: (a) Whether the proposed collection of information is necessary for the proper performance of the functions of the agency, including whether the information will have practical utility; (b) the accuracy of the agency’s estimate of the burden of the collection of information; (c) ways to enhance the quality, utility, and clarity of the information collected; and (d) ways to minimize the burden of the collection of information on respondents, including through the use of automated collection techniques or other forms of information technology. Consideration will be given to comments and suggestions submitted in writing within 60 days of this publication. PO 00000 Frm 00047 Fmt 4703 Sfmt 4703 43725 Please direct your written comments to R. Corey Booth, Director/Chief Information Officer, Securities and Exchange Commission, 100 F Street, NE., Washington, DC 20549. Dated: July 13, 2005. Margaret H. McFarland, Deputy Secretary. [FR Doc. E5–4016 Filed 7–27–05; 8:45 am] BILLING CODE 8010–01–P SECURITIES AND EXCHANGE COMMISSION Sunshine Act Meeting Notice is hereby given, pursuant to the provisions of the Government in the Sunshine Act, Pub. L. 94–409, that the Securities and Exchange Commission will hold the following meeting during the week of August 1, 2005: A closed meeting will be held on Thursday, August 4, 2005, at 2 p.m. Commissioners, Counsel to the Commissioners, the Secretary to the Commission, and recording secretaries will attend the closed meeting. Certain staff members who have an interest in the matters may also be present. The General Counsel of the Commission, or his designee, has certified that, in his opinion, one or more of the exemptions set forth in 5 U.S.C. 552b(c)(3), (4), (5), (6), (7), (8), (9)(B), and (10) and 17 CFR 200.402(a) (3), (4), (5), (6), (7), (8), 9(ii) and (10) permit consideration of the scheduled matters at the closed meeting. Commissioner Goldschmid, as duty officer, voted to consider the items listed for the closed meeting in a closed session. The subject matters of the closed meeting scheduled for Thursday, August 4, 2005, will be: Regulatory matter regarding a financial institution; Formal orders of investigations; Institution and settlement of injunctive actions; Institution and settlement of administrative proceedings of an enforcement nature; and Adjudicatory matter. At times, changes in Commission priorities require alterations in the scheduling of meeting items. For further information and to ascertain what, if any, matters have been added, deleted or postponed, please contact: The Office of the Secretary at (202) 551–5400. E:\FR\FM\28JYN1.SGM 28JYN1 43726 Federal Register / Vol. 70, No. 144 / Thursday, July 28, 2005 / Notices Dated: July 26, 2005. Jonathan G. Katz, Secretary. [FR Doc. 05–15103 Filed 7–26–05; 3:49 pm] BILLING CODE 8010–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–52101; File No. SR–CBOE– 2004–86] Self-Regulatory Organizations; Chicago Board Options Exchange, Incorporated; Notice of Filing of Proposed Rule Change Relating to the Modified ROS Opening Procedure July 21, 2005. 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 15, 2004, the 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, II, and III below, which items have been prepared by the Exchange. On July 5, 2005, the Exchange filed Amendment No. 1 to the proposed rule change.3 The Commission is publishing this notice to solicit comments on the proposed rule change, as amended, from interested persons. I. Self-Regulatory Organization’s Statement of the Terms of Substance of the Proposed Rule Change The Exchange proposes to revise the modified Rapid Opening System (‘‘ROS’’) opening procedure set forth in CBOE Rule 6.2A.03 to provide a greater opportunity for market participants to respond to order imbalances in the electronic book and to move the cut-off time for the submission of all orders for participation in the modified ROS opening procedure from 8:28 a.m. (CT) to 8:25 a.m. (CT). Proposed new language is in italics; proposed deletions are in [brackets]. * * * * * Chicago Board Options Exchange, Incorporated Rules * * * * * 1 15 U.S.C. 78s(b)(1). CFR 240.19b–4. 3 See Form 19b–4, dated July 1, 2005 (‘‘Amendment No. 1’’). Amendment No. 1 replaced the original filing in its entirety. 2 17 VerDate jul<14>2003 13:40 Jul 27, 2005 Jkt 205001 Rule 6.2A. Rapid Opening System This rule has no applicability to series trading on the CBOE Hybrid Opening System. Such series will be governed by Rule 6.2B. (a)—(d) No change. * * * Interpretation and Policies: .01–.02 No change. .03 Modified ROS Opening Procedure For Calculation of Settlement Prices of Volatility Indexes. All provisions set forth in Rule 6.2A and the accompanying interpretations and policies shall remain in effect unless superseded or modified by this Rule 6.2A.03. To facilitate the calculation of a settlement price for futures and options contracts on volatility indexes, the Exchange shall utilize a modified ROS opening procedure for any index option series with respect to which a volatility index is calculated (including any index option series opened under Rule 6.2A.01). This modified ROS opening procedure will be utilized only on the final settlement date of the options and futures contracts on the applicable volatility index in each expiration month. The following provisions shall be applicable when the modified ROS opening procedure set forth in this Rule 6.2A.03 is in effect for an index option with respect to which a volatility index is calculated: (i) [a]All orders (including public customer, broker-dealer, Exchange Market-Maker and away Market-Maker and specialist orders), other than contingency orders, will be eligible to be placed on the Electronic Book for those option contract months whose prices are used to derive the volatility indexes on which options and futures are traded, for the purpose of permitting those orders to participate in the ROS opening price calculation for the applicable index option series[;]. (ii) [a]All Market-Makers, including any LMMs and SMMs, if applicable, who are required to log on to ROS or RAES for the current expiration cycle shall be required to log on to ROS during the modified ROS opening procedure if the Market-Maker is physically present in the trading crowd for that index option class[;]. (iii) [i]If the ROS system is implemented in an option contract for which LMMs have been appointed, the LMMs will collectively set the Autoquote values that will be used by ROS[;]. (iv) ROS contracts to trade for that index option series will be assigned equally, to the greatest extent possible, to all logged-on Market-Makers, PO 00000 Frm 00048 Fmt 4703 Sfmt 4703 including any LMMs and SMMs if applicable[;]. (v) All index option orders for participation in the modified ROS opening procedure that are related to positions in, or a trading strategy involving, volatility index options or futures, and any change to or cancellation of any such order (A) must be received prior to 8:00 a.m. (CT), and (B) may not be cancelled or changed after 8:00 a.m. (CT), unless the order is not executed in the modified ROS opening procedure and the cancellation or change is submitted after the modified ROS opening procedure is concluded (provided that any such order may be changed or cancelled after 8:00 a.m. (CT) and prior to 8:25 a.m. (CT) in order to correct a legitimate error, in which case the member submitting the change or cancellation shall prepare and maintain a memorandum setting forth the circumstances that resulted in the change or cancellation and shall file a copy of the memorandum with the Exchange no later than the next business day in a form and manner prescribed by the Exchange). In general, the Exchange shall consider index option orders to be related to positions in, or a trading strategy involving, volatility index options or futures for purposes of this Rule 6.2A.03(v) if the orders possess the following three characteristics: (i) The orders are for options series with the expiration month that will be used to calculate the settlement price of the applicable volatility index option or futures contract. (ii) The orders are for options series spanning the full range of strike prices in the appropriate expiration month for options series that will be used to calculate the settlement price of the applicable volatility index option or futures contract, but not necessarily every available strike price. (iii) The orders are for put options with strike prices less than the ‘‘at-themoney’’ strike price and for call options with strike prices greater than the ‘‘atthe-money’’ strike price. The orders may also be for put and call options with ‘‘atthe-money’’ strike prices. Whether index option orders are related to positions in, or a trading strategy involving, volatility index options or futures for purposes of this Rule 6.2A.03(v) depends upon specific facts and circumstances. Order types other than those provided above may also be deemed by the Exchange to fall within this category of orders if the Exchange determines that to be the case E:\FR\FM\28JYN1.SGM 28JYN1

Agencies

[Federal Register Volume 70, Number 144 (Thursday, July 28, 2005)]
[Notices]
[Pages 43725-43726]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 05-15103]


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SECURITIES AND EXCHANGE COMMISSION


Sunshine Act Meeting

    Notice is hereby given, pursuant to the provisions of the 
Government in the Sunshine Act, Pub. L. 94-409, that the Securities and 
Exchange Commission will hold the following meeting during the week of 
August 1, 2005:
    A closed meeting will be held on Thursday, August 4, 2005, at 2 
p.m.
    Commissioners, Counsel to the Commissioners, the Secretary to the 
Commission, and recording secretaries will attend the closed meeting. 
Certain staff members who have an interest in the matters may also be 
present.
    The General Counsel of the Commission, or his designee, has 
certified that, in his opinion, one or more of the exemptions set forth 
in 5 U.S.C. 552b(c)(3), (4), (5), (6), (7), (8), (9)(B), and (10) and 
17 CFR 200.402(a) (3), (4), (5), (6), (7), (8), 9(ii) and (10) permit 
consideration of the scheduled matters at the closed meeting.
    Commissioner Goldschmid, as duty officer, voted to consider the 
items listed for the closed meeting in a closed session.
    The subject matters of the closed meeting scheduled for Thursday, 
August 4, 2005, will be:

Regulatory matter regarding a financial institution;
Formal orders of investigations;
Institution and settlement of injunctive actions;
Institution and settlement of administrative proceedings of an 
enforcement nature; and
Adjudicatory matter.

    At times, changes in Commission priorities require alterations in 
the scheduling of meeting items.
    For further information and to ascertain what, if any, matters have 
been added, deleted or postponed, please contact:
    The Office of the Secretary at (202) 551-5400.


[[Page 43726]]


    Dated: July 26, 2005.
Jonathan G. Katz,
Secretary.
[FR Doc. 05-15103 Filed 7-26-05; 3:49 pm]
BILLING CODE 8010-01-P