Federal Salary Council, 54849-54850 [E6-15536]
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Federal Register / Vol. 71, No. 181 / Tuesday, September 19, 2006 / Notices
and controlled for the authorized
processing of SGI–M information.
Different copiers have different
capabilities, including some which
come with features that allow the
memory to be erased. Each copier would
have to be examined from a physical
security perspective.
Use of Automatic Data Processing (ADP)
Systems
SGI–M may be processed or produced
on an ADP system provided that the
system is assigned to the licensee’s or
contractor’s facility and requires the use
of an entry code/password for access to
stored information. Licensees must
process this information in a computing
environment that has adequate
computer security controls in place to
prevent unauthorized access to the
information. An ADP system is defined
here as a data processing system having
the capability of long term storage of
information. Word processors such as
typewriters are not subject to the
requirements as long as they do not
transmit information off-site. (Note: If
SGI–M is produced on a typewriter, the
ribbon must be removed and stored in
the same manner as other SGI–M
information or media.) The basic
objective of these restrictions is to
prevent access and retrieval of stored
SGI–M by unauthorized individuals,
particularly from remote terminals.
Specific files containing SGI–M will be
password protected to preclude access
by an unauthorized individual. SGI–M
files may be transmitted over a network
if the file is encrypted. In such cases,
the licensee will select a commercially
available encryption system that NIST
has validated as conforming to Federal
Information Processing Standards
(FIPS). SGI–M files shall be properly
labeled as ‘‘Safeguards Information—
Modified Handling’’ and saved to
removable media and stored in a locked
file drawer or cabinet. The National
Institute of Standards and Technology
(NIST) maintains a listing of all
validated encryption systems at https://
csrc.nist.gov/cryptval/140-1/
1401val.htm.
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Telecommunications
SGI–M may not be transmitted by
unprotected telecommunications
circuits except under emergency or
extraordinary conditions. For the
purpose of this requirement, emergency
or extraordinary conditions are defined
as any circumstances that require
immediate communications in order to
report, summon assistance for, or
respond to a security event (or an event
that has potential security significance).
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This restriction applies to telephone,
telegraph, teletype, facsimile circuits,
and to radio. Routine telephone or radio
transmission between site security
personnel, or between the site and local
police, should be limited to message
formats or codes that do not disclose
facility security features or response
procedures. Similarly, call-ins during
transport should not disclose
information useful to a potential
adversary. Infrequent or non-repetitive
telephone conversations regarding a
physical security plan or program are
permitted provided that the discussion
is general in nature.
Individuals should use care when
discussing SGI–M at meetings or in the
presence of others to ensure that the
conversation is not overheard by
persons not authorized access.
Transcripts, tapes or minutes of
meetings or hearings that contain SGI–
M shall be marked and protected in
accordance with these requirements.
Destruction
Documents containing SGI–M must be
destroyed when no longer needed. They
may be destroyed by tearing into small
pieces, burning, shredding or any other
method that precludes reconstruction by
means available to the public at large.
Piece sizes one-half inch or smaller
composed of several pages or
documents and thoroughly mixed are
considered completely destroyed.
Attachment B—Trustworthiness and
Reliability Requirements for
Individuals Handling Safeguards
Information
Licensees shall document the basis for
concluding that there is reasonable
assurance that individuals granted
access to safeguards information or who
are placed in positions where they
could facilitate access to the regulated
material are trustworthy and reliable,
and do not constitute an unreasonable
risk for malevolent use of the regulated
material.
The trustworthiness, reliability, and
verification of an individual’s true
identity shall be determined based on a
background investigation. The
background investigation shall address
at least the past three (3) years, and, as
a minimum, include a local criminal
history check (unless local or State laws
prohibit local criminal history checks of
current employees), verification of
employment history, education,
employment eligibility, and personal
references. If an individual’s
employment has been less than the
required three (3) year period,
educational references may be used in
lieu of employment history.
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54849
The licensee’s background
investigation requirements may be
satisfied for an individual that has an
active Federal security clearance.
[FR Doc. 06–7742 Filed 9–18–06; 8:45 am]
BILLING CODE 7590–01–P
OFFICE OF PERSONNEL
MANAGEMENT
Federal Salary Council
Office of Personnel
Management.
AGENCY:
ACTION:
Notice of meeting.
SUMMARY: The Federal Salary Council
will meet at the time and location
shown below. The Council is an
advisory body composed of
representatives of Federal employee
organizations and experts in the fields
of labor relations and pay policy. The
Council makes recommendations to the
President’s Pay Agent (the Secretary of
Labor and the Directors of the Office of
Management and Budget and the Office
of Personnel Management) about the
locality pay program for General
Schedule employees under section 5304
of title 5, United States Code. The
Council’s recommendations cover the
establishment or modification of locality
pay areas, the coverage of salary
surveys, the process of comparing
Federal and non-Federal rates of pay,
and the level of comparability payments
that should be paid.
The Council will review the results of
pay comparisons and formulate its
recommendations to the President’s Pay
Agent on pay comparison methods,
locality pay rates, and locality pay area
boundaries for 2008. The Council
anticipates it will complete its work for
this year at this meeting and has not
scheduled any additional meetings for
2006. The public may submit written
materials about the locality pay program
to the Council at the address shown
below. The meeting is open to the
public.
October 12, 2006, at 10 a.m.
Location: Office of Personnel
Management, 1900 E Street NW., Room
1350, Washington, DC.
DATES:
FOR FURTHER INFORMATION CONTACT:
Jerome D. Mikowicz, Acting Deputy
Associate Director for Pay and
Performance Policy, Office of Personnel
Management, 1900 E Street NW., Room
7H31, Washington, DC 20415–8200.
Phone (202) 606–2838; FAX (202) 606–
4264; or e-mail at
pay-performance-policy@opm.gov.
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54850
Federal Register / Vol. 71, No. 181 / Tuesday, September 19, 2006 / Notices
For the President’s Pay Agent.
Linda M. Springer,
Director.
[FR Doc. E6–15536 Filed 9–18–06; 8:45 am]
BILLING CODE 6325–39–P
SECURITIES AND EXCHANGE
COMMISSION
Office of Investment Company
Regulation).
SUPPLEMENTARY INFORMATION: The
following is a summary of the
application. The complete application
may be obtained for a fee at the
Commission’s Public Reference Branch,
100 F Street, NE., Washington, DC
20549–0102 (tel. 202–551–5850).
Applicants’ Representations
1. The Company, a Wisconsin
corporation, is registered under the Act
Marshall Funds, Inc. and M&I
as an open-end management investment
Investment Management Corp.; Notice
company. The Company currently is
of Application
comprised of thirteen series (each a
‘‘Fund’’ and collectively, the ‘‘Funds’’),
September 13, 2006.
each with a separate investment
AGENCY: Securities and Exchange
objective, policy and restrictions.1 The
Commission.
Adviser is registered as an investment
ACTION: Notice of an application under
section 6(c) of the Investment Company adviser under the Investment Advisers
Act of 1940 (‘‘Advisers Act’’) and serves
Act of 1940 (‘‘Act’’) for an exemption
as investment adviser to the Funds
from section 15(a) of the Act and rule
pursuant to an investment advisory
18f–2 under the Act, as well as certain
agreement (‘‘Advisory Agreement’’) with
disclosure requirements.
the Company. The Advisory Agreement
has been approved by the Company’s
Summary of Application: Applicants
request an order that would permit them board of directors (the ‘‘Board’’),
including a majority of the directors
to enter into and materially amend
who are not ‘‘interested persons,’’ as
subadvisory agreements without
defined in section 2(a)(19) of the Act, of
shareholder approval and would grant
the Company or the Adviser
relief from certain disclosure
(‘‘Independent Directors’’), as well as by
requirements.
the shareholders of each Fund.
Applicants: Marshall Funds, Inc. (the
2. Under the terms of the Advisory
‘‘Company’’) and M&I Investment
Agreement, the Adviser provides the
Management Corp. (the ‘‘Adviser’’).
Funds with overall investment
Filing Dates: The application was
management services, supervises the
filed on August 30, 2005, and amended
investment program for each Fund, and
on September 8, 2006.
Hearing or Notification of Hearing: An has the authority, subject to the
approval of the Board and Fund
order granting the application will be
shareholders, to enter into investment
issued unless the Commission orders a
hearing. Interested persons may request subadvisory agreements (‘‘Subadvisory
Agreements’’) with one or more
a hearing by writing to the
subadvisers (‘‘Subadvisers’’). The
Commission’s Secretary and serving
Adviser has entered into Subadvisory
applicants with a copy of the request,
Agreements with two Subadvisers to
personally or by mail. Hearing requests
provide investment advisory services to
should be received by the Commission
one Fund and in the future may enter
by 5:30 p.m. on October 10, 2006, and
should be accompanied by proof of
1 Applicants also request relief with respect to
service on the applicants, in the form of
future series of the Company and any other existing
an affidavit or, for lawyers, a certificate
or future registered open-end management
of service. Hearing requests should state investment company or series thereof that: (a) is
advised by the Adviser or a person controlling,
the nature of the writer’s interest, the
controlled by, or under common control with the
reason for the request, and the issues
Adviser or its successors; (b) uses the management
contested. Persons may request
structure described in the application; and (c)
notification of a hearing by writing to
complies with the terms and conditions of the
application (included in the term ‘‘Funds’’). For
the Commission’s Secretary.
purposes of the requested order, ‘‘successor’’ is
ADDRESSES: Secretary, Securities and
limited to an entity or entities that result from a
Exchange Commission, 100 F Street,
reorganization into another jurisdiction or a change
in the type of business organization. The only
NE., Washington, DC 20549–1090.
existing registered open-end management
Applicants, 1000 North Water Street,
investment company that currently intends to rely
Milwaukee, WI 53202.
on the requested order is named as an applicant. If
the name of any Fund contains the name of a
FOR FURTHER INFORMATION CONTACT:
Subadviser (as defined below), the name of the
Courtney S. Thornton, Senior Counsel,
the name of
controlling,
at (202) 551–6812, or Nadya B. Roytblat, Adviser or by, or under the entitycontrol with the
controlled
common
Assistant Director, at (202) 551–6821
Adviser that serves as the primary adviser to the
Fund will precede the name of the Subadviser.
(Division of Investment Management,
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into Subadvisory Agreements on behalf
of other Funds. Each Subadviser is
registered under the Advisers Act. The
Adviser monitors and evaluates the
Subadvisers and recommends to the
Board their hiring, retention or
termination. Subadvisers recommended
to the Board by the Adviser are selected
and approved by the Board, including a
majority of the Independent Directors.
Each Subadviser has discretionary
authority to invest the assets or a
portion of the assets of a particular
Fund. The Adviser compensates each
Subadviser out of the fees paid to the
Adviser under the Advisory Agreement.
3. Applicants request an order to
permit the Adviser, subject to Board
approval, to enter into and materially
amend Subadvisory Agreements
without obtaining shareholder approval.
The requested relief will not extend to
any Subadviser that is an affiliated
person, as defined in section 2(a)(3) of
the Act, of the Company or of the
Adviser, other than by reason of serving
as a Subadviser to one or more of the
Funds (‘‘Affiliated Sub-Adviser’’).
4. Applicants also request an
exemption from the various disclosure
provisions described below that may
require a Fund to disclose fees paid by
the Adviser to each Subadviser. An
exemption is requested to permit the
Company to disclose for each Fund (as
both a dollar amount and as a
percentage of each Fund’s net assets): (a)
the aggregate fees paid to the Adviser
and any Affiliated Subadvisers; and (b)
the aggregate fees paid to Subadvisers
other than Affiliated Subadvisers
(‘‘Aggregate Fee Disclosure’’). For any
Fund that employs an Affiliated
Subadviser, the Fund will provide
separate disclosure of any fees paid to
the Affiliated Subadviser.
Applicants’ Legal Analysis
1. Section 15(a) of the Act provides,
in relevant part, that it is unlawful for
any person to act as an investment
adviser to a registered investment
company except under a written
contract that has been approved by the
vote of a majority of the company’s
outstanding voting securities. Rule 18f–
2 under the Act provides that each
series or class of stock in a series
company affected by a matter must
approve such matter if the Act requires
shareholder approval.
2. Form N–1A is the registration
statement used by open-end investment
companies. Item 14(a)(3) of Form N–1A
requires disclosure of the method and
amount of the investment adviser’s
compensation.
3. Rule 20a–1 under the Act requires
proxies solicited with respect to an
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[Federal Register Volume 71, Number 181 (Tuesday, September 19, 2006)]
[Notices]
[Pages 54849-54850]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-15536]
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OFFICE OF PERSONNEL MANAGEMENT
Federal Salary Council
AGENCY: Office of Personnel Management.
ACTION: Notice of meeting.
-----------------------------------------------------------------------
SUMMARY: The Federal Salary Council will meet at the time and location
shown below. The Council is an advisory body composed of
representatives of Federal employee organizations and experts in the
fields of labor relations and pay policy. The Council makes
recommendations to the President's Pay Agent (the Secretary of Labor
and the Directors of the Office of Management and Budget and the Office
of Personnel Management) about the locality pay program for General
Schedule employees under section 5304 of title 5, United States Code.
The Council's recommendations cover the establishment or modification
of locality pay areas, the coverage of salary surveys, the process of
comparing Federal and non-Federal rates of pay, and the level of
comparability payments that should be paid.
The Council will review the results of pay comparisons and
formulate its recommendations to the President's Pay Agent on pay
comparison methods, locality pay rates, and locality pay area
boundaries for 2008. The Council anticipates it will complete its work
for this year at this meeting and has not scheduled any additional
meetings for 2006. The public may submit written materials about the
locality pay program to the Council at the address shown below. The
meeting is open to the public.
DATES: October 12, 2006, at 10 a.m.
Location: Office of Personnel Management, 1900 E Street NW., Room
1350, Washington, DC.
FOR FURTHER INFORMATION CONTACT: Jerome D. Mikowicz, Acting Deputy
Associate Director for Pay and Performance Policy, Office of Personnel
Management, 1900 E Street NW., Room 7H31, Washington, DC 20415-8200.
Phone (202) 606-2838; FAX (202) 606-4264; or e-mail at pay-performance-
policy@opm.gov.
[[Page 54850]]
For the President's Pay Agent.
Linda M. Springer,
Director.
[FR Doc. E6-15536 Filed 9-18-06; 8:45 am]
BILLING CODE 6325-39-P
