Reporting and Recordkeeping Requirements Under OMB Review, 67772-67773 [05-22171]

Download as PDF 67772 Federal Register / Vol. 70, No. 215 / Tuesday, November 8, 2005 / Notices unless the parties agreed to an adjustment, the transaction would be cancelled. No Bid Series Under the current Obvious Error Rules ‘‘no bid provisions,’’ electronic transactions in option series quoted no bid at a nickel (i.e. $0.05 offer) will be cancelled provided at least one strike price below (for calls) or above (for puts) in the same options class was quoted no bid at a nickel at the time of execution. A ‘‘no bid’’ option refers to an option where the bid price is $0.00.11 Series of options quoted no bid are typically deep out-of-the-money series that are perceived as having little if any chance of expiring in-the-money. For this reason, relatively few transactions occur in these series and those that do are usually the result of a momentary pricing error. In some cases, the pricing error is substantial enough such that the other provisions in the equity and index options obvious error rules become applicable. However, in many cases, the no bid provisions are the only provisions that would apply to the pricing error. The proposal seeks to revise the no bid provision in the Obvious Error Rules that provide that the option series must be quoted no bid at a nickel and instead only require that the option series be quoted no bid. The reason for this change is that options that are priced at no bid, regardless of the offer, are typically deep out-of-the-money series that are perceived as having little if any chance of expiring in-the-money. This is especially the case when the series below (for calls) or above (for puts) in the same option class similar is quoted no bid. In this regard, the offer price is irrelevant. Therefore, transactions in series that are quoted no bid at a dime, for example, are just as likely to be the result of an obvious error as are transactions in series that are quoted no bid at a nickel when the series below (for calls) or above (for puts) in the same option class similarly is quoted no bid. 2. Statutory Basis The Amex represents that the filing provides objective guidelines for the nullification or adjustment of transactions executed at clearly erroneous prices. Moreover, the proposed rule provides uniformity regarding obvious pricing errors, which will serve to benefit customers. For these reasons, the Exchange believes the proposal is consistent with Section 6(b) 11 When the bid price is $0.00, the offer price is typically $0.05. In this instance, the option typically is referred to as ‘‘no bid at a nickel.’’ VerDate Aug<31>2005 16:11 Nov 07, 2005 Jkt 208001 of the Act 12, in general, and furthers the objectives of Section 6(b)(5) of the Act,13 in particular, in that it is designed to prevent fraudulent and manipulative acts and practices, to promote just and equitable principles of trade, and, in general, to protect investors and the public interest. B. Self-Regulatory Organization’s Statement on Burden on Competition The Exchange believes the proposed rule change will impose no burden on competition that is not necessary or appropriate in furtherance of the purposes of the Act. C. Self-Regulatory Organization’s Statement on Comments on the Proposed Rule Change Received From Members, Participants or Others No written comments were solicited or received by the Exchange on this proposal. III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action Within 35 days of the date of publication of this notice in the Federal Register or within such longer period (i) as the Commission may designate up to 90 days of such date if it finds such longer period to be appropriate and publishes its reasons for so finding, or (ii) as to which the Exchange consents, the Commission will: (A) By order approve the proposed rule change or (B) Institute proceedings to determine whether the proposed rule change should be disapproved. IV. Solicitation of Comments Interested persons are invited to submit written data, views, and arguments concerning the foregoing, including whether the proposed rule change is consistent with the Act. Comments may be submitted by any of the following methods: Electronic Comments • Use the Commission’s Internet comment form (https://www.sec.gov/ rules/sro.shtml); or • Send an e-mail to rulecomments@sec.gov. Please include File Number SR–Amex–2005–060 on the subject line. Paper Comments • Send paper comments in triplicate to Jonathan G. Katz, Secretary, Securities and Exchange Commission, 100 F Street, NE., Washington, DC 20549–9303. 12 15 13 15 PO 00000 U.S.C. 78f(b). U.S.C. 78f(b)(5). Frm 00115 Fmt 4703 All submissions should refer to File Number SR–Amex–2005–060. This file number should be included on the subject line if e-mail is used. To help the Commission process and review your comments more efficiently, please use only one method. The Commission will post all comments on the Commission’s Internet Web site (https://www.sec.gov/ rules/sro.shtml). Copies of the submission, all subsequent amendments, all written statements with respect to the proposed rule change that are filed with the Commission, and all written communications relating to the proposed rule change between the Commission and any person, other than those that may be withheld from the public in accordance with the provisions of 5 U.S.C. 552, will be available for inspection and copying in the Commission’s Public Reference Room. Copies of the filing also will be available for inspection and copying at the principal office of the Exchange. All comments received will be posted without change; the Commission does not edit personal identifying information from submissions. You should submit only information that you wish to make available publicly. All submissions should refer to File Number SR–Amex–2005–060 and should be submitted on or before November 29, 2005. For the Commission, by the Division of Market Regulation, pursuant to delegated authority.14 Jonathan G. Katz, Secretary. [FR Doc. 05–22164 Filed 11–7–05; 8:45 am] BILLING CODE 8010–01–P SMALL BUSINESS ADMINISTRATION Reporting and Recordkeeping Requirements Under OMB Review Small Business Administration. Notice of Reporting Requirements Submitted for OMB Review. AGENCY: ACTION: SUMMARY: Under the provisions of the Paperwork Reduction Act (44 U.S.C. Chapter 35), agencies are required to submit proposed reporting and recordkeeping requirements to OMB for review and approval, and to publish a notice in the Federal Register notifying the public that the agency has made such a submission. DATES: Submit comments on or before December 8, 2005. If you intend to comment but cannot prepare comments 14 17 Sfmt 4703 E:\FR\FM\08NON1.SGM CFR 200.30–3(a)(12). 08NON1 Federal Register / Vol. 70, No. 215 / Tuesday, November 8, 2005 / Notices promptly, please advise the OMB Reviewer and the Agency Clearance Officer before the deadline. COPIES: Request for clearance (OMB 83–1), supporting statement, and other documents submitted to OMB for review may be obtained from the Agency Clearance Officer. ADDRESSES: Address all comments concerning this notice to: Agency Clearance Officer, Jacqueline White, Small Business Administration, 409 3rd Street, SW., 5th Floor, Washington, DC 20416; and David_Rostker@omb.eop.gov, fax number 202–395–7285 Office of Information and Regulatory Affairs, Office of Management and Budget. FOR FURTHER INFORMATION CONTACT: Jacqueline White, Agency Clearance Officer, jacqueline.white@sba.gov (202) 205–7044. SUPPLEMENTARY INFORMATION: Title: ‘‘8(a) Annual Update’’. Form No: 1450. Frequency: On Occasion. Description of Respondents: 8(a) Program Participants. Annual Responses: 7,258. Annual Burden: 14,516. Jacqueline K. White, Chief, Administrative Information Branch. [FR Doc. 05–22171 Filed 11–7–05; 8:45 am] BILLING CODE 8025–01–P SMALL BUSINESS ADMINISTRATION [Disaster Declaration #10222 and #10223] Florida Disaster Number FL–00011 Small Business Administration Amendment 2. AGENCY: ACTION: SUMMARY: This is an amendment of the Presidential declaration of a major disaster for the State of Florida (FEMA– 1609–DR), dated 10/24/2005. Incident: Hurricane Wilma. Incident Period: 10/23/2005 and continuing. Effective Date: 10/30/2005. Physical Loan Application Deadline Date: 12/23/2005. EIDL Loan Application Deadline Date: 07/24/2006. 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, Small Business Administration, 409 3rd Street, Suite 6050, Washington, DC 20416. SUPPLEMENTARY INFORMATION: The notice of the Presidential disaster declaration VerDate Aug<31>2005 16:11 Nov 07, 2005 Jkt 208001 67773 for the State of Florida, dated 10/24/2005 is hereby amended to include the following areas as adversely affected by the disaster: Primary Counties: Brevard, Indian River, and Okeechobee. Contiguous Counties: Florida: Orange, Osceola, Polk, Seminole, and Volusia. 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. 05–22170 Filed 11–7–05; 8:45 am] (Catalog of Federal Domestic Assistance Numbers 59002 and 59008.) Herbert L. Mitchell, Associate Administrator for Disaster Assistance. [FR Doc. 05–22169 Filed 11–7–05; 8:45 am] The U.S. Small Business Administration, Audit and Financial Management Advisory Committee (AFMAC) will host a public meeting on Wednesday, November 9, 2005. The meeting will take place at the U.S. Small Business Administration, 409 3rd Street, SW., Office of Chief Financial Officer Conference Room, 6th Floor, Washington, DC 20416. The AFMAC was established by the Administrator of the SBA to provide recommendation and advice regarding the Agency’s financial management including the financial reporting process, systems of internal controls, audit process and process for monitoring compliance with relevant laws and regulations. Anyone wishing to attend must contact Thomas Dumaresq in writing or by fax. Thomas Dumaresq, Chief Financial Officer, 409 3rd Street, SW., Washington, DC 20416, phone (202) 205–5406, fax: (202) 205–6869, e-mail: thomas.dumaresq@sba.gov. BILLING CODE 8025–01–P SMALL BUSINESS ADMINISTRATION [Disaster Declaration #10178 and #10179] Mississippi Disaster Number MS– 00005 Small Business Administration. Amendment 4. AGENCY: ACTION: SUMMARY: This is an amendment of the Presidential declaration of a major disaster for the State of Mississippi (FEMA–1604–DR), dated 08/29/2005. Incident: Hurricane Katrina. Incident Period: 08/29/2005 through 10/14/2005. Effective Date: 10/27/2005. 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 Presidential disaster declaration for the State of Mississippi, dated 08/29/ 2005 is hereby amended to include the following areas as adversely affected by the disaster: Primary Counties: Holmes and Humphreys. Contiguous Counties: Mississippi: Leflore, Sunflower, and Washington. All other information in the original declaration remains unchanged. PO 00000 Frm 00116 Fmt 4703 Sfmt 4703 BILLING CODE 8025–01–P SMALL BUSINESS ADMINISTRATION Audit and Financial Management Advisory (AFMAC) Committee Meeting Matthew K. Becker, Committee Management Officer. [FR Doc. 05–22168 Filed 11–7–05; 8:45 am] BILLING CODE 8025–01–M DEPARTMENT OF STATE [Delegation of Authority 285] Delegation by the Deputy Secretary to the Director and the Deputy Director of the Office of Foreign Missions of Authority Regarding Certification Under the Internal Revenue Code By virtue of the authority vested in the Secretary of State, including Section 1 of the State Department Basic Authorities Act, as amended (22 U.S.C. 2651a), and delegated to the Deputy Secretary of State pursuant to Delegation of Authority 245 of April 23, 2001, I hereby delegate to the Director and Deputy Director of the Office of Foreign Missions the certification function vested in the Secretary of State by 26 U.S.C. 893(b) (section 893(b) of the Internal Revenue Code regarding the ‘‘Compensation of employees of foreign governments or organizations’’). E:\FR\FM\08NON1.SGM 08NON1

Agencies

SMALL BUSINESS ADMINISTRATION

[Federal Register Volume 70, Number 215 (Tuesday, November 8, 2005)]
[Notices]
[Pages 67772-67773]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 05-22171]


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SMALL BUSINESS ADMINISTRATION


Reporting and Recordkeeping Requirements Under OMB Review

AGENCY: Small Business Administration.

ACTION: Notice of Reporting Requirements Submitted for OMB Review.

-----------------------------------------------------------------------

SUMMARY: Under the provisions of the Paperwork Reduction Act (44 U.S.C. 
Chapter 35), agencies are required to submit proposed reporting and 
recordkeeping requirements to OMB for review and approval, and to 
publish a notice in the Federal Register notifying the public that the 
agency has made such a submission.

DATES: Submit comments on or before December 8, 2005. If you intend to 
comment but cannot prepare comments

[[Page 67773]]

promptly, please advise the OMB Reviewer and the Agency Clearance 
Officer before the deadline.

COPIES: Request for clearance (OMB 83-1), supporting statement, and 
other documents submitted to OMB for review may be obtained from the 
Agency Clearance Officer.

ADDRESSES: Address all comments concerning this notice to: Agency 
Clearance Officer, Jacqueline White, Small Business Administration, 409 
3rd Street, SW., 5th Floor, Washington, DC 20416; and David--
Rostker@omb.eop.gov, fax number 202-395-7285 Office of Information and 
Regulatory Affairs, Office of Management and Budget.

FOR FURTHER INFORMATION CONTACT: Jacqueline White, Agency Clearance 
Officer, jacqueline.white@sba.gov (202) 205-7044.

SUPPLEMENTARY INFORMATION:
    Title: ``8(a) Annual Update''.
    Form No: 1450.
    Frequency: On Occasion.
    Description of Respondents: 8(a) Program Participants.
    Annual Responses: 7,258.
    Annual Burden: 14,516.

Jacqueline K. White,
Chief, Administrative Information Branch.
[FR Doc. 05-22171 Filed 11-7-05; 8:45 am]
BILLING CODE 8025-01-P

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