California Disaster Number CA-00029, 11280 [E6-3107]

Download as PDF 11280 Federal Register / Vol. 71, No. 43 / Monday, March 6, 2006 / Notices Exchange, Inc., or (ii) March 31, 2006.19 Because of the timing of these transactions, the Commission believes there is good cause for granting accelerated approval, in order to ensure that the Exchange is able to comply with the ITS Plan, without interruption, after Wave is sold. V. Conclusion It is therefore ordered, pursuant to section 19(b)(2) of the Act, that the proposed rule change (SR–PCX–2006– 11), is hereby approved on an accelerated basis.20 For the Commission, by the Division of Market Regulation, pursuant to delegated authority.21 Nancy M. Morris, Secretary. [FR Doc. E6–3094 Filed 3–3–06; 8:45 am] BILLING CODE 8010–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–53384; File No. SR–PCX– 2005–135] Self-Regulatory Organizations; Pacific Exchange, Inc.; Order Approving Proposed Rule Change Relating to Exposure of Orders in the PCX Plus Crossing Mechanism February 27, 2006. On December 22, 2005, the Pacific Exchange, Inc. (‘‘PCX’’ or ‘‘Exchange’’), filed with the Securities and Exchange Commission (‘‘Commission’’) a proposed rule change pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (‘‘Act’’) 1 and Rule 19b–4 thereunder,2 to reduce the exposure period in the Crossing Mechanism of the PCX Plus System (‘‘PCX Plus’’ or ‘‘System’’) from 10 seconds to 3 seconds. The proposed rule change was published for comment in the Federal Register on January 23, 2006.3 The Commission received no comments on the proposal. This order approves the proposed rule change. PCX rules provide that a PCX Broker may not facilitate orders or cross two orders, using the System’s Crossing Mechanism, unless it enters into the System the terms of each order that is to be included as part of a Cross Order,4 hsrobinson on PROD1PC70 with NOTICES 19 See id., at 6365. 20 15 U.S.C. 78s(b)(2). 21 17 CFR 200.30–3(a)(12). 1 15 U.S.C. 78s(b)(1). 2 17 CFR 240.19b–4. 3 See Securities Exchange Act Release No. 53133 (January 17, 2006), 71 FR 3598. 4 See PCX Rule 6.76(c)(1)(A), which defines ‘‘Cross Order’’ for the purposes of PCX Rule 6.76(c) as ‘‘two orders with instructions to match the VerDate Aug<31>2005 14:30 Mar 03, 2006 Jkt 208001 pursuant to PCX Rule 6.76(c)(2)(A). Both facilitation crosses and nonfacilitation crosses are executed in the same manner in PCX Plus. Upon entry into PCX Plus, the System will evaluate the terms of the Cross Order and, after accepting the Cross Order, will execute the cross in accordance with PCX Rule 6.76(c)(2)(B). Among other conditions, Rule 6.76(c)(2)(B) currently requires a 10-second exposure period in which OTP Holders and OTP Firms may enter orders to trade against the side of the Cross Order that has been designated as the Exposed Order.5 The Exchange proposes to shorten the duration of this exposure period, as set forth in PCX Rule 6.76(c)(2)(B)(i)(a) and PCX Rule 6.76(c)(2)(B)(ii)(b),6 from 10 seconds to 3 seconds. The Exchange represents that all market participants on the PCX utilize electronic trading systems that monitor all updates to the PCX market, including changes resulting from orders being entered into the Crossing Mechanism, and can automatically respond based upon pre-set parameters. After careful consideration, the Commission finds that the proposed rule change is consistent with the requirements of Section 6(b) of the Act 7 and the rules and regulations thereunder applicable to a national securities exchange,8 and in particular with Section 6(b)(5) of the Act.9 The Commission believes that, in the electronic environment of PCX Plus, reducing the exposure period to 3 seconds could facilitate the prompt execution of orders, while providing participants in PCX Plus with an adequate opportunity to compete for those orders. It is therefore ordered, pursuant to Section 19(b)(2) of the Act,10 that the proposed rule change (SR–PCX–2005– 135) is approved. identified buy-side with the identified sell-side at a specified price (the ‘‘Cross Price’’).’’ 5 See PCX Rule 6.76(c)(1)(D), which defines ‘‘Exposed Order’’ as follows: ‘‘the buy or sell side of a Cross Order that has been designated by a PCX Broker as the side to be exposed to the market and that is eligible for execution against all trading interest. Public Customer orders will always be deemed to be the Exposed Order in a Cross Order. In the case of a Cross Order involving a noncustomer on both the buy side and sell side, the PCX Broker must designate one side of the Cross Order as the Exposed Order.’’ 6 PCX Rules 6.76(c)(2)(B)(i) and 6.76(c)(2)(B)(ii) govern the execution of Cross Orders when the Cross Price is between the Best Bid and Offer (‘‘BBO’’) and when it is at the BBO, respectively. 7 15 U.S.C. 78f(b). 8 In approving this proposal, the Commission has considered the proposed rule’s impact on efficiency, competition, and capital formation. See 15 U.S.C. 78c(f). 9 15 U.S.C. 78f(b)(5). 10 15 U.S.C. 78s(b)(2). PO 00000 Frm 00106 Fmt 4703 Sfmt 4703 For the Commission, by the Division of Market Regulation, pursuant to delegated authority.11 Nancy M. Morris, Secretary. [FR Doc. E6–3113 Filed 3–3–06; 8:45 am] BILLING CODE 8010–01–P SMALL BUSINESS ADMINISTRATION [Disaster Declaration #10368 and #10369] California Disaster Number CA–00029 U.S. Small Business Administration. ACTION: Amendment 1. AGENCY: SUMMARY: This is an amendment of the Presidential declaration of a major disaster for the State of California (FEMA–1628–DR) , dated 02/03/2006. Incident: Severe storms, flooding, mudslides, and landslides. Incident Period: 12/17/2005 through 01/03/2006. Effective Date: 02/23/2006. Physical Loan Application Deadline Date: 04/04/2006. EIDL Loan Application Deadline Date: 11/03/2006. ADDRESSES: Submit completed loan applications to: U.S. 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, SW., Suite 6050, Washington, DC 20416 SUPPLEMENTARY INFORMATION: The notice of the Presidential disaster declaration for the State of California, dated 02/03/ 2006, is hereby amended to include the following areas as adversely affected by the disaster: Primary Counties: El Dorado, Nevada, and Shasta. Contiguous Counties: California: Apline, Lassen, Plumas, Sierra, and Yuga. Nevada: Douglas and Washore. All other information in the original declaration remains unchanged. (Catalog of Federal Domestic Assistance Numbers 59002 and 59008) Cheri L. Cannon, Acting Associate Administrator for Disaster Assistance. [FR Doc. E6–3107 Filed 3–3–06; 8:45 am] BILLING CODE 8025–01–P 11 17 E:\FR\FM\06MRN1.SGM CFR 200.30–3(a)(12). 06MRN1

Agencies

[Federal Register Volume 71, Number 43 (Monday, March 6, 2006)]
[Notices]
[Page 11280]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-3107]


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SMALL BUSINESS ADMINISTRATION

[Disaster Declaration 10368 and 10369]


California Disaster Number CA-00029

AGENCY: U.S. Small Business Administration.

ACTION: Amendment 1.

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SUMMARY: This is an amendment of the Presidential declaration of a 
major disaster for the State of California (FEMA-1628-DR) , dated 02/
03/2006.
    Incident: Severe storms, flooding, mudslides, and landslides.
    Incident Period: 12/17/2005 through 01/03/2006.
    Effective Date: 02/23/2006.
    Physical Loan Application Deadline Date: 04/04/2006.
    EIDL Loan Application Deadline Date: 11/03/2006.

ADDRESSES: Submit completed loan applications to: U.S. 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, SW., 
Suite 6050, Washington, DC 20416

SUPPLEMENTARY INFORMATION: The notice of the Presidential disaster 
declaration for the State of California, dated 02/03/2006, is hereby 
amended to include the following areas as adversely affected by the 
disaster:

Primary Counties:
    El Dorado, Nevada, and Shasta.
Contiguous Counties:
    California: Apline, Lassen, Plumas, Sierra, and Yuga.
    Nevada: Douglas and Washore.

    All other information in the original declaration remains 
unchanged.

(Catalog of Federal Domestic Assistance Numbers 59002 and 59008)

Cheri L. Cannon,
Acting Associate Administrator for Disaster Assistance.
[FR Doc. E6-3107 Filed 3-3-06; 8:45 am]
BILLING CODE 8025-01-P
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