Sunshine Act Meeting, 43725-43726 [05-15103]
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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: https://
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
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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.
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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.
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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
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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,
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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
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]]>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
