Asset-Backed Securities, 72372-72373 [05-23614]

Download as PDF 72372 Federal Register / Vol. 70, No. 232 / Monday, December 5, 2005 / Rules and Regulations would provide additional controlled airspace to accommodate the new ILS SIAP at Wenatchee/Pangborn Memorial Airport, Wenatchee, WA. Interested parties were invited to participate in this rulemaking proceeding by submitting written comments on the proposal to the FAA. No comments were received. Class E airspace designations are published in paragraph 6005 of FAA Order 7400.9M dated August 30, 2004, and effective September 16, 2004, which is incorporated by reference in 14 CFR part 71.1. The Class E airspace designations listed in this document will be published subsequently in that order. The Rule This amendment to 14 CFR part 71 revises Class E airspace at Wenatchee, WA, by providing additional controlled airspace for aircraft executing the new ILS SIAP at the Wenatchee/Pangborn Memorial Airport. This additional controlled airspace extending upward from 700 feet or more above the surface is necessary for the containment and safety of IFR aircraft executing this SIAP and transitioning to/from the en route environment. The FAA has determined that this regulation only involves an established body of technical regulations for which frequent and routine amendments are ncessary to keep the regulations current. Therefore, this regulation: (1) Is not a ‘‘significant regulatory action’’ under Executive Order 12866; (2) is not a ‘‘significant rule’’ under DOT Regulatory Policies and Procedures (44 FR 11034; February 26, 1979); and (3) does not warrant preparation of a regulatory evaluation as the anticipated impact is so minimal. Since this is a routine matter that will only affect air traffic procedures and air navigation, it is certified that this rule, when promulgated, will not have a significant economic impact on a substantial number of small entities under the criteria of the Regulatory Flexibility Act. List of Subjects in 14 CFR Part 71 Airspace, Incorporation by reference, Navigation (air). PART 71—DESIGNATION OF CLASS A, CLASS B, CLASS C, CLASS D, AND CLASS E AIRSPACE AREAS; ROUTES; AND REPORTING POINTS 1. The authority citation for 14 CFR part 71 continues to read as follows: I Authority: 49 U.S.C. 106(g), 40103, 40113, 40120; E.O. 10854, 24 FR 9565, 3 CFR, 1959– 1963 Comp., p. 389. § 71.1 [Amended] 2. The incorporation by reference in 14 CFR part 71.1 of the Federal Aviation Administration Order 7400.9N, Airspace Designations and Reporting Points, dated September 1, 2005, and effective September 16, 2005, is amended as follows: I Paragraph 6005 Class E airspace areas extending upward from 700 feet or more above the surface of the earth. * * * * * ANM WA E5 Wenatchee, WA [Revised] Wenatchee/Pangborn Municipal Airport, WA (Lat. 47°23′56″ N., long. 120°12′24″ W.) Wenatchee VOR/DME (Lat. 47°23′59″ N., long. 120°12′39″ W.) That airspace extending upward from 700 feet above the surface within 4.3 miles south and 9.5 miles north of the 299° radial from the Wenatchee VOR/DME to 17 miles northwest of the VOR/DME, and within 4.3 miles southwest and 8 miles northeast of the 124° radial from the VOR/DME to 21 miles southeast of the VOR/DME, excluding that portion within the Moses Lake, Grant County, and Quincy Airport, WA, Class E airspace areas; that airspace extending upward from 1,200 feet above the surface bounded by a line beginning at: Lat. 47°36′00″ N., long. 120°43′00″ W.; to lat. 47°36′00″ N., long. 119°39′30″ W.; to lat. 47°07′00″ N., long. 119°39′30″ W.; to lat. 47°07′00″ N., long. 120°43′00″ W.; to the point of beginning. Excluding that portion within the Moses Lake, Grant County Airport, WA, Class E airspace area. * * * * * Issued in Seattle, Washington, on November 10, 2005. ˜ Raul C. Trevino, Area Director, Western En Route and Oceanic Operations. [FR Doc. 05–23634 Filed 12–2–05; 8:45am] BILLING CODE 4910–13–M SECURITIES AND EXCHANGE COMMISSION 17 CFR Parts 229 and 239 Adoption of the Amendment [Release Nos. 33–8518A; 34–50905A; File No. S7–21–04] In consideration of the foregoing, the Federal Aviation Administration amends 14 CFR part 71 as follows: Asset-Backed Securities I VerDate Aug<31>2005 18:02 Dec 02, 2005 Jkt 208001 Securities and Exchange Commission. AGENCY: PO 00000 Frm 00024 Fmt 4700 Sfmt 4700 Final rule; technical amendments. ACTION: SUMMARY: This document contains corrections to final rules which were published in the Federal Register on Friday, January 7, 2005 (70 FR 1506). The rules relate to the registration, disclosure and reporting requirements for asset-backed securities under the Securities Act of 1933 and the Securities Exchange Act of 1934. Effective Date: December 5, 2005. The Compliance Dates are the same as in Release No. 33–8518. DATES: FOR FURTHER INFORMATION CONTACT: Katherine W. Hsu, Special Counsel, Office of Rulemaking, at (202) 551– 3430, Division of Corporation Finance, U.S. Securities and Exchange Commission, 100 F Street, NE., Washington, DC 20549. On December 22, 2004, the Commission adopted changes to address comprehensively the registration, disclosure, and reporting requirements for asset-backed securities under the Securities Act of 1933 (‘‘Securities Act’’) and the Securities Exchange Act of 1934.1 Items 1100 and 1105 2 of Regulation AB 3 and General Instruction I.B. to Form S–3 4 under the Securities Act in the final regulations, as published, contain errors that need correction. We are also correcting language in paragraph 4 of the certification for asset-backed issuers required by paragraph (b)(31)(ii) of Item 601 5 of Regulation S–K 6 to conform to the corresponding provisions in Item 1123 7 of Regulation AB. SUPPLEMENTARY INFORMATION: Text of Amendments List of Subjects in 17 CFR Parts 229 and 239 Reporting and recordkeeping requirements, Securities. In accordance with the foregoing, Title 17, Chapter II of the Code of Federal Regulations is amended as follows: I 1 See Release No. 33–8518 (Dec. 22, 2004) [70 FR 1506]. 2 17 CFR 229.1100 and 17 CFR 229.1105. 3 17 CFR 229.1100 et seq. 4 17 CFR 239.13. 5 17 CFR 229.601. 6 17 CFR 229.10 et seq. 7 17 CFR 229.1123. E:\FR\FM\05DER1.SGM 05DER1 Federal Register / Vol. 70, No. 232 / Monday, December 5, 2005 / Rules and Regulations PART 229—STANDARD INSTRUCTIONS FOR FILING FORMS UNDER SECURITIES ACT OF 1933, SECURITIES EXCHANGE ACT OF 1934 AND ENERGY POLICY AND CONSERVATION ACT OF 1975— REGULATION S–K 1. The authority citation for part 229 continues to read in part as follows: I Authority: 15 U.S.C. 77e, 77f, 77g, 77h, 77j, 77k, 77s, 77z–2, 77z–3, 77aa(25), 77aa(26), 77ddd, 77eee, 77ggg, 77hhh, 77iii, 77jjj, 77nnn, 77sss, 78c, 78i, 78j, 78l, 78m, 78n, 78o, 78u–5, 78w, 78ll, 78mm, 79e, 79j, 79n, 79t, 80a–8, 80a–9, 80a–20, 80a–29, 80a–30, 80a–31(c), 80a–37, 80a–38(a), 80a–39, 80b– 11, and 7201 et seq.; and 18 U.S.C. 1350, unless otherwise noted. § 229.601 [Amended] 2. Section 229.601 is amended by adding the phrase ‘‘in all material respects’’ after the words ‘‘servicing agreement(s)’’ in both places that those words appear in paragraph (4) of the Certifications section that follows the introductory language in paragraph (b)(31)(ii). I § 229.1100 [Amended] 3. Section 229.1100 is amended by revising the heading to the instruction to paragraph (c)(2) that reads ‘‘Instruction to Item 1101(c)(2)’’ to read ‘‘Instruction to Item 1100(c)(2)’’. I § 229.1105 4. Section 229.1105 is amended by revising the phrase ‘‘weighted average initial pool balance’’ in the second sentence of paragraph (a)(3)(iii) to read ‘‘weighted average initial loan balance’’. PART 239—FORMS PRESCRIBED UNDER THE SECURITIES ACT OF 1933 5. The authority citation for part 239 continues to read in part as follows: I Authority: 15 U.S.C. 77f, 77g, 77h, 77j, 77s, 77z–2, 77sss, 78c, 78l, 78m, 78n, 78o(d), 78u–5, 78w(a), 78ll(d), 79e, 79f, 79g, 79j, 79l, 79m, 79n, 79q, 79t, 80a–8, 80a–24, 80a–26, 80a–29, 80a–30, and 80a–37, unless otherwise noted. 6. Form S–3 is amended by revising paragraph (b) of General Instruction I.B.5. to read as follows: I Note: The text of Form S–3 does not, and this amendment will not, appear in the Code of Federal Regulations. Form S–3 * * * * General Instructions I. Eligibility Requirements for Use of Form S–3 * * * VerDate Aug<31>2005 * 5. Offerings of Investment Grade AssetBacked Securities (a) * * * (b) Securities relating to an offering of asset-backed securities registered in accordance with paragraph (a) of this General Instruction I.B.5 where those securities represent an interest in or the right to the payments of cash flows of another asset pool and meet the requirements of Securities Act Rule 190(c)(1) through (4) (17 CFR 230.190(c)(1) through (4)). * * * * * Dated: November 29, 2005. Jonathan G. Katz, Secretary. [FR Doc. 05–23614 Filed 12–2–05; 8:45 am] BILLING CODE 8010–01–P DEPARTMENT OF COMMERCE International Trade Administration 19 CFR Part 360 [Docket No.: 040305083–5249–03] RIN 0625–AA64 Steel Import Monitoring and Analysis System Import Administration, International Trade Administration, Department of Commerce. ACTION: Final rule. AGENCY: [Amended] I * B. Transaction Requirements * * * * 18:02 Dec 02, 2005 Jkt 208001 SUMMARY: The Department of Commerce publishes this action to make final an interim final rule that extended and expanded the Steel Import Monitoring and Analysis (SIMA) system until March 21, 2009. This action also expands the list of covered items to include all basic steel mill products, but it also removes certain downstream steel products, which were formerly covered products (certain fittings and flanges, certain cold formed shapes, and certain bars). The purpose of the SIMA system is to provide statistical data on steel imports entering the United States seven weeks earlier than is otherwise publicly available. The data collected on the licenses are made available to the public in an aggregated form weekly after Commerce review. DATES: This final rule is effective December 5, 2005. FOR FURTHER INFORMATION CONTACT: For information on the SIMA system, please contact Kelly Parkhill (202) 482–3791; Julie Al-Saadawi (202) 482–1930. SUPPLEMENTARY INFORMATION: The SIMA system (formerly referred to as Steel PO 00000 Frm 00025 Fmt 4700 Sfmt 4700 72373 Monitoring and Analysis system) was originally outlined in the President’s March 5, 2002, Proclamation about Steel Safeguards, which also placed tariffs temporarily on many steel imports and provided the steel industry time to restructure. The monitoring system outlined in the President’s Proclamation required all importers of steel products to obtain a license from the Department of Commerce prior to completing their Customs import summary documentation. The original intent was to provide a monitoring tool to ensure that the effectiveness of the safeguard was not undermined by large quantities of imports originating from countries that were excluded from the tariffs. On December 4, 2003, the President issued a proclamation that terminated the steel safeguard measures, but directed the Secretary of Commerce to continue the monitoring system until the earlier of March 21, 2005, or such time as the Secretary of Commerce establishes a replacement program. On December 9, 2003, the Department of Commerce published a notice stating that the system would continue in effect as described in the Proclamation until March 21, 2005 (68 FR 68594). On August 25, 2004, the Department published an advanced notice of proposed rulemaking soliciting comments from the public on whether to continue the monitoring system beyond March 21, 2005 (69 FR 52211) and, if extended, whether the system should be modified in any way. The Department received a number of submissions from a wide range of interested parties, including steel producers, steel consumers, steel suppliers, and importers as well as Congressional and foreign interests. On March 11, 2005, the Department published an interim final rule responding to these comments from the public and implementing a slightly expanded version of SIMA until March 21, 2009. The Department received forty-two submissions from a wide range of interested parties. Please refer to the SIMA system’s Web site to read the comments on the Interim Rule and for further information about the SIMA system: https://ia.ita.doc.gov/steel/ license/. Final Rule The purpose of the SIMA system is to collect timely detailed statistics on steel imports and to provide stakeholders with information about import trends in this sector. The SIMA system aggregates detailed import statistics it collects from internet-generated licenses and makes the data available for public analysis on a weekly basis. The data gathering E:\FR\FM\05DER1.SGM 05DER1

Agencies

[Federal Register Volume 70, Number 232 (Monday, December 5, 2005)]
[Rules and Regulations]
[Pages 72372-72373]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 05-23614]


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SECURITIES AND EXCHANGE COMMISSION

17 CFR Parts 229 and 239

[Release Nos. 33-8518A; 34-50905A; File No. S7-21-04]


Asset-Backed Securities

AGENCY: Securities and Exchange Commission.

ACTION: Final rule; technical amendments.

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SUMMARY: This document contains corrections to final rules which were 
published in the Federal Register on Friday, January 7, 2005 (70 FR 
1506). The rules relate to the registration, disclosure and reporting 
requirements for asset-backed securities under the Securities Act of 
1933 and the Securities Exchange Act of 1934.

DATES: Effective Date: December 5, 2005. The Compliance Dates are the 
same as in Release No. 33-8518.

FOR FURTHER INFORMATION CONTACT: Katherine W. Hsu, Special Counsel, 
Office of Rulemaking, at (202) 551-3430, Division of Corporation 
Finance, U.S. Securities and Exchange Commission, 100 F Street, NE., 
Washington, DC 20549.

SUPPLEMENTARY INFORMATION: On December 22, 2004, the Commission adopted 
changes to address comprehensively the registration, disclosure, and 
reporting requirements for asset-backed securities under the Securities 
Act of 1933 (``Securities Act'') and the Securities Exchange Act of 
1934.\1\ Items 1100 and 1105 \2\ of Regulation AB \3\ and General 
Instruction I.B. to Form S-3 \4\ under the Securities Act in the final 
regulations, as published, contain errors that need correction. We are 
also correcting language in paragraph 4 of the certification for asset-
backed issuers required by paragraph (b)(31)(ii) of Item 601 \5\ of 
Regulation S-K \6\ to conform to the corresponding provisions in Item 
1123 \7\ of Regulation AB.
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    \1\ See Release No. 33-8518 (Dec. 22, 2004) [70 FR 1506].
    \2\ 17 CFR 229.1100 and 17 CFR 229.1105.
    \3\ 17 CFR 229.1100 et seq.
    \4\ 17 CFR 239.13.
    \5\ 17 CFR 229.601.
    \6\ 17 CFR 229.10 et seq.
    \7\ 17 CFR 229.1123.
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Text of Amendments

List of Subjects in 17 CFR Parts 229 and 239

    Reporting and recordkeeping requirements, Securities.

0
In accordance with the foregoing, Title 17, Chapter II of the Code of 
Federal Regulations is amended as follows:

[[Page 72373]]

PART 229--STANDARD INSTRUCTIONS FOR FILING FORMS UNDER SECURITIES 
ACT OF 1933, SECURITIES EXCHANGE ACT OF 1934 AND ENERGY POLICY AND 
CONSERVATION ACT OF 1975--REGULATION S-K

0
1. The authority citation for part 229 continues to read in part as 
follows:

    Authority: 15 U.S.C. 77e, 77f, 77g, 77h, 77j, 77k, 77s, 77z-2, 
77z-3, 77aa(25), 77aa(26), 77ddd, 77eee, 77ggg, 77hhh, 77iii, 77jjj, 
77nnn, 77sss, 78c, 78i, 78j, 78l, 78m, 78n, 78o, 78u-5, 78w, 78ll, 
78mm, 79e, 79j, 79n, 79t, 80a-8, 80a-9, 80a-20, 80a-29, 80a-30, 80a-
31(c), 80a-37, 80a-38(a), 80a-39, 80b-11, and 7201 et seq.; and 18 
U.S.C. 1350, unless otherwise noted.


Sec.  229.601  [Amended]

0
2. Section 229.601 is amended by adding the phrase ``in all material 
respects'' after the words ``servicing agreement(s)'' in both places 
that those words appear in paragraph (4) of the Certifications section 
that follows the introductory language in paragraph (b)(31)(ii).


Sec.  229.1100  [Amended]

0
3. Section 229.1100 is amended by revising the heading to the 
instruction to paragraph (c)(2) that reads ``Instruction to Item 
1101(c)(2)'' to read ``Instruction to Item 1100(c)(2)''.


Sec.  229.1105  [Amended]

0
4. Section 229.1105 is amended by revising the phrase ``weighted 
average initial pool balance'' in the second sentence of paragraph 
(a)(3)(iii) to read ``weighted average initial loan balance''.

PART 239--FORMS PRESCRIBED UNDER THE SECURITIES ACT OF 1933

0
5. The authority citation for part 239 continues to read in part as 
follows:

    Authority: 15 U.S.C. 77f, 77g, 77h, 77j, 77s, 77z-2, 77sss, 78c, 
78l, 78m, 78n, 78o(d), 78u-5, 78w(a), 78ll(d), 79e, 79f, 79g, 79j, 
79l, 79m, 79n, 79q, 79t, 80a-8, 80a-24, 80a-26, 80a-29, 80a-30, and 
80a-37, unless otherwise noted.


0
6. Form S-3 is amended by revising paragraph (b) of General Instruction 
I.B.5. to read as follows:


    Note: The text of Form S-3 does not, and this amendment will 
not, appear in the Code of Federal Regulations.

Form S-3

* * * * *
General Instructions
I. Eligibility Requirements for Use of Form S-3
* * * * *

B. Transaction Requirements * * *

5. Offerings of Investment Grade Asset-Backed Securities

    (a) * * *
    (b) Securities relating to an offering of asset-backed securities 
registered in accordance with paragraph (a) of this General Instruction 
I.B.5 where those securities represent an interest in or the right to 
the payments of cash flows of another asset pool and meet the 
requirements of Securities Act Rule 190(c)(1) through (4) (17 CFR 
230.190(c)(1) through (4)).
* * * * *

    Dated: November 29, 2005.
Jonathan G. Katz,
Secretary.
[FR Doc. 05-23614 Filed 12-2-05; 8:45 am]
BILLING CODE 8010-01-P
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