Alabama Disaster Number AL-00003, 65956 [05-21678]
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65956
Federal Register / Vol. 70, No. 210 / Tuesday, November 1, 2005 / Notices
For the Commission, by the Division of
Market Regulation, pursuant to delegated
authority.20
Jonathan G. Katz,
Secretary.
[FR Doc. E5–6027 Filed 10–31–05; 8:45 am]
BILLING CODE 8010–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–52651; File No. SR–SCCP–
2004–03]
Self-Regulatory Organizations; Stock
Clearing Corporation of Philadelphia;
Order Granting Approval of a
Proposed Rule Change Relating to
Anonymous Features on Trading
Systems
October 21, 2005.
I. Introduction
On August 5, 2004, the Stock Clearing
Corporation of Philadelphia (‘‘SCCP’’)
filed with the Securities and Exchange
Commission (‘‘Commission’’) proposed
rule change SR–SCCP–2004–03
pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934
(‘‘Act’’).1 On September 7, 2004, SCCP
amended the proposed rule change.
Notice of the proposal was published in
the Federal Register on August 10,
2005.2 No comment letters were
received. For the reasons discussed
below, the Commission is granting
approval of the proposed rule change
with the conditions set forth below.
II. Description
The rule change allows SCCP to
process trades executed on a trading
system that provides for anonymous
trading.3 Pursuant to the rule change,
SCCP will be able in the future to
receive locked-in trade data from a
trading system that provides anonymity.
In such a situation, SCCP would report
such trades to its members using an
anonymous acronym instead of naming
or identifying the actual contraside.
In the event that SCCP ceases to act
for a member involved in anonymous
trading, the operator of the trading
system shall have the responsibility to
identify to its users the trades, which
20 17
CFR 200.30–3(a)(12).
U.S.C. 78s(b)(1).
2 Securities Exchange Act Release No. 52201
(August 3, 2005), 70 FR 46565.
3 SCCP’s rule change is similar to a rule change
approved by the Commission in 2003 that allowed
the National Securities Clearing Corporation
(‘‘NSCC’’) to accommodate the reporting of trades
executed on a system that provides trading
anonymity. Securities Exchange Act Release No.
48526 (September 23, 2003), 68 FR 56367
(September 30, 2003) [File No. SR–NSCC–2003–14].
1 15
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15:39 Oct 31, 2005
Jkt 208001
are generally included in reports
produced by SCCP, involving the
affected member. SCCP would forward
to the operator of the trading system the
appropriate information to facilitate its
notification of its users. In addition,
should SCCP receive information from
NSCC that NSCC had ceased to act for
an NSCC member that was an
unidentified contraside of any such
trade, SCCP would also forward this
information to the operator of the
trading system.4
proposed rule change (File No. SR–
SCCP–2004–03) be and hereby is
approved.
III. Discussion
Section 17A(b)(3)(F) of the Act
provides that the rules of a clearing
agency should be designed to promote
the prompt and accurate clearance and
settlement of securities transactions.5 To
benefit from the advantages of an
anonymous trading system, parties to
anonymous trades need to keep their
identities anonymous in any reports
provided to counterparties as part of the
clearance and settlement of the trades.
By allowing SCCP to use an acronym in
place of the name or identity of
contrasides of anonymous trades in the
trade reports it provides to its members,
the proposed rule change allows the
parties to anonymous trades to preserve
their anonymity and thus to preserve
the benefits associated with executing
anonymous trades. Accordingly, the
proposed rule change is designed to
promote the prompt and accurate
clearance and settlement of securities
transactions conducted on anonymous
trading systems by allowing such trades
to be cleared and settled through SCCP
and therefore receive the benefits and
efficiencies SCCP offers as a registered
clearing agency.
As a condition of this approval, SCCP
will notify the Commission in writing
before it begins processing trades
executed on each anonymous trading
system. Such notification shall include
such information as the name of the
anonymous trading system, the operator
and/or owner of the anonymous trading
system, the proposed processing start
date, and any other relevant information
requested by the Commission.
[Disaster Declaration #10180 and #10181]
IV. Conclusion
On the basis of the foregoing, the
Commission finds that the proposed
rule change is consistent with the
requirements of the Act and in
particular Section 17A of the Act and
the rules and regulations thereunder.
It is therefore ordered, pursuant to
Section 19(b)(2) of the Act, that the
4 NSCC’s anonymous trading procedure includes
similar notification requirements.
5 15 U.S.C. 78q–1(a)(A)(B).
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For the Commission by the Division of
Market Regulation, pursuant to delegated
authority.6
Jonathan G. Katz,
Secretary.
[FR Doc. E5–6016 Filed 10–31–05; 8:45 am]
BILLING CODE 8010–01–P
SMALL BUSINESS ADMINISTRATION
Alabama Disaster Number AL–00003
Small Business Administration.
Amendment 4.
AGENCY:
ACTION:
SUMMARY: This is an amendment of the
Presidential declaration of a major
disaster for the State of Alabama
(FEMA–1605–DR), dated 08/29/2005.
Incident: Hurricane Katrina.
Incident Period: 08/29/2005 through
09/26/2005.
Effective Date: 10/20/2005.
Physical Loan Application Deadline
Date: 01/11/2006.
EIDL Loan Application Deadline Date:
05/29/2006.
ADDRESSES: Submit completed loan
applications to: Small Business
Administration, National Processing
and Disbursement Center, 14925
Kingsport Road, Fort Worth, TX 76155.
FOR FURTHER INFORMATION CONTACT: A.
Escobar, Office of Disaster Assistance,
U.S. Small Business Administration,
409 3rd Street, Suite 6050, Washington,
DC 20416.
SUPPLEMENTARY INFORMATION: The notice
of the President’s major disaster
declaration for the State of Alabama,
dated 08/29/2005, is hereby amended to
extend the deadline for filing
applications for physical damages as a
result of this disaster to 01/11/2006.
All other information in the original
declaration remains unchanged.
(Catalog of Federal Domestic Assistance
Numbers 59002 and 59008)
Herbert L. Mitchell,
Associate Administrator for Disaster
Assistance.
[FR Doc. 05–21678 Filed 10–31–05; 8:45 am]
BILLING CODE 8025–01–P
SMALL BUSINESS ADMINISTRATION
[Disaster Declaration #10176 and #10177]
Louisiana Disaster Number LA–00002
AGENCY:
6 17
E:\FR\FM\01NON1.SGM
Small Business Administration.
CFR 200.30–3(a)(12).
01NON1
]]>Agencies
[Federal Register Volume 70, Number 210 (Tuesday, November 1, 2005)]
[Notices]
[Page 65956]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 05-21678]
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SMALL BUSINESS ADMINISTRATION
[Disaster Declaration 10180 and 10181]
Alabama Disaster Number AL-00003
AGENCY: Small Business Administration.
ACTION: Amendment 4.
-----------------------------------------------------------------------
SUMMARY: This is an amendment of the Presidential declaration of a
major disaster for the State of Alabama (FEMA-1605-DR), dated 08/29/
2005.
Incident: Hurricane Katrina.
Incident Period: 08/29/2005 through 09/26/2005.
Effective Date: 10/20/2005.
Physical Loan Application Deadline Date: 01/11/2006.
EIDL Loan Application Deadline Date: 05/29/2006.
ADDRESSES: Submit completed loan applications to: Small Business
Administration, National Processing and Disbursement Center, 14925
Kingsport Road, Fort Worth, TX 76155.
FOR FURTHER INFORMATION CONTACT: A. Escobar, Office of Disaster
Assistance, U.S. Small Business Administration, 409 3rd Street, Suite
6050, Washington, DC 20416.
SUPPLEMENTARY INFORMATION: The notice of the President's major disaster
declaration for the State of Alabama, dated 08/29/2005, is hereby
amended to extend the deadline for filing applications for physical
damages as a result of this disaster to 01/11/2006.
All other information in the original declaration remains
unchanged.
(Catalog of Federal Domestic Assistance Numbers 59002 and 59008)
Herbert L. Mitchell,
Associate Administrator for Disaster Assistance.
[FR Doc. 05-21678 Filed 10-31-05; 8:45 am]
BILLING CODE 8025-01-P
