Notice of Availability of Draft Advisory Circulars, Other Policy Documents and Proposed Technical Standard Orders, 58462-58463 [06-8464]

Download as PDF 58462 Federal Register / Vol. 71, No. 191 / Tuesday, October 3, 2006 / Notices This proposal would create a new order type, the PL Order. The Commission believes that the proposal is reasonably designed to permit passive interaction with incoming orders while protecting displayed orders in the NYSE Arca Book that are priced at or better than the PL Order. In the Vanguard Letter, the commenter was concerned that the proposed PL Order would create a disincentive to displaying limit orders. The Commission emphasizes the fact that a PL Order would never execute ahead of a displayed order that is at the same or a better price. As noted above, PL Orders would be executed in the Working Order Process 19 after all other orders, including reserve orders and the display portion of discretionary orders at a particular price level.20 The Commission believes that the ability of LMMs appointed in primary listings on the Exchange to use the PL Order exclusively is consistent with the requirements of the Act. The Commission notes that NYSE specialists similarly have exclusive ability to provide price improvement to incoming orders on its Hybrid system only if the specialists are meaningfully represented in the BBO and provide a minimum amount of price improvement.21 LMMs appointed in primary listings would be able to use the PL Order only if (1) the NYSE Arca Book is at the NBBO, the order is priced better than the Exchange’s BBO by the Minimum Price Variation (‘‘MPV’’), and the LMM is quoting a certain minimum amount in proximity to the Exchange’s BBO 22 or (2) the NYSE Arca Book is not at the NBBO, the order is priced better than the Exchange’s BBO by the MPV, and the incoming order is not designated an inter-market sweep order.23 The Commission believes that permitting Users of the PL Order to provide price improvement by at least the MPV could increase the quality of NYSE Arca’s market, and that the condition that LMMs must quote a minimum amount in proximity to the Exchange’s BBO 19 See NYSE Arca Rule 7.37(b)(2). also noted above, PL Orders would, however, take precedence over undisplayed discretionary order interest. 21 See NYSE Rule 104. 22 If the NYSE Arca Book is at the NBBO, the LMM must have a displayed bid (offer) that is either equal to the NYSE Arca Marketplace BBO with a quoted size at least as large as the total size of the incoming marketable sell (buy) order against which the PL Order would trade or $0.01 below (above) the NYSE Arca Marketplace BBO with a quoted size at least twice as large as the total size of the incoming marketable sell (buy) order against which the PL Order would trade. 23 See 17 CFR 242.600(b)(30). rwilkins on PROD1PC63 with NOTICES 20 As VerDate Aug<31>2005 19:59 Oct 02, 2006 Jkt 211001 might enhance depth and liquidity at or near the Exchange’s BBO. VI. Accelerated Approval of Amendment Nos. 3 and 4 The Commission finds good cause for approving Amendment Nos. 3 and 4 to the proposed rule change prior to the thirtieth day after the amendment is published for comment in the Federal Register pursuant to Section 19(b)(2) of the Act.24 In Amendment No. 3, the Exchange proposed that in issues where NYSE Arca Marketplace is the primary listing market and there is an LMM, the PL Order would be available only to the LMM registered in the primary listing. The Exchange also proposed that LMMs would be held to certain performance obligations related to quote size and quote spread. In Amendment No. 4, the Exchange proposed that LMMs who are registered in the primary listing of an issue on the NYSE Arca Marketplace will have exclusive access to PL Orders only if such LMMs comply with certain quoting and price improvement requirements. The Commission believes that limiting use of the PL Order to LMMs registered in a primary listing raises no novel issue of regulatory concern because, as noted above, the Commission recently approved a similar functionality for New York Stock Exchange ‘‘NYSE’’ specialists.25 Under NYSE Hybrid Rules, NYSE specialists may employ algorithms which generate trading messages that provide price improvement to incoming orders only if the specialist is represented in a meaningful amount in the NYSE’s BBO.26 Accordingly, the Commission finds good cause to accelerate approval of Amendment Nos. 3 and 4. VII. Conclusion It is therefore ordered, pursuant to Section 19(b)(2) of the Act,27 that the proposed rule change (SR–PCX–2005– 53), as amended by Amendment Nos. 1 and 2, be, and it hereby is, approved, and that Amendment Nos. 3 and 4 are approved on an accelerated basis. For the Commission, by the Division of Market Regulation, pursuant to delegated authority.28 Nancy M. Morris, Secretary. [FR Doc. E6–16247 Filed 10–2–06; 8:45 am] BILLING CODE 8010–01–P 24 15 U.S.C. 78s(b)(2). Securities Exchange Act Release No. 53539 (March 22, 2006), 71 FR 16353 (March 31, 2006) (SR–NYSE–2004–05). 26 See NYSE Rule 104. 27 15 U.S.C. 78s(b)(2). 28 17 CFR 200.30–3(a)(12). 25 See PO 00000 Frm 00098 Fmt 4703 Sfmt 4703 DEPARTMENT OF STATE [Public Notice: 5563] U.S. Department of State Advisory Committee on Private International Law: Notice of Hearing The U.S. Department of State Advisory Committee on Private International Law will hold a meeting on October 19th and 20th, 2006 at the Georgetown University Law Center, 600 New Jersey Avenue, NW., Washington, DC. Thursday’s meeting will be held on the 12th floor of the Gewirz Building and Friday’s meeting will be in Room 200 of the McDonough Building. The meetings will start both days at 9 a.m. and will end on Thursday, October 19th at 5 p.m. and on Friday, October 20th at 3 p.m. The meetings will discuss the general ‘‘state of the world’’ developments in the areas of investment securities law, computer-age revolution, international family law and the emerging family process, the process of new convention on the child support, judicial assistance and arbitration, eapostilles and reports on other Private International Law projects. The meeting is open to the public up to the capacity of the meeting room. Interested persons are invited to attend and to express their views. Persons who wish to have their view considered are encouraged, but not required, to submit written comments in advance. Comments should be sent electronically to SmeltzerTK@State.gov. Anyone planning to attend this meeting should provide their name, affiliation and contact information in advance to Trish Smeltzer or Renetta Davis at 202–776– 8420 or by e-mail to DavisRX@state.gov. Dated: September 26, 2006. Harold S. Burman, Executive Director, Department of State. [FR Doc. E6–16301 Filed 10–2–06; 8:45 am] BILLING CODE 4710–08–P DEPARTMENT OF TRANSPORTATION Federal Aviation Administration Notice of Availability of Draft Advisory Circulars, Other Policy Documents and Proposed Technical Standard Orders Federal Aviation Administration (FAA), DOT. ACTION: This is a recurring Notice of Availability, and request for comments, on draft advisory circulars (ACs), other policy documents, and proposed technical standard orders (TSOs) currently offered by the Aircraft Certification Service. AGENCY: E:\FR\FM\03OCN1.SGM 03OCN1 Federal Register / Vol. 71, No. 191 / Tuesday, October 3, 2006 / Notices SUMMARY: The FAA’s Aircraft Certification Service publishes proposed non-regulatory documents that are available for public comment on the Internet at https://www.faa.gov/aircraft/ draft_docs/. Issued in Washington, DC, on September 26, 2006. Frank Paskiewicz, Manager, Production and Airworthiness Division, Aircraft Certification Service. [FR Doc. 06–8464 Filed 10–2–06; 8:45 am] We must receive comments on or before the due date for each document as specified on the Web site. BILLING CODE 4910–13–M DATES: Send comments on proposed documents to the Federal Aviation Administration at the address specified on the Web site for the document being commented on, to the attention of the individual and office identified as point of contact for the document. DEPARTMENT OF TRANSPORTATION ADDRESSES: See the individual or FAA office identified on the Web site for the specified document. FOR FURTHER INFORMATION CONTACT: Final advisory circulars, other policy documents, and technical standard orders (TSOs) are available on FAA’s Regulatory and Guidance Library (RGL) at https://www.airweb.faa.gov/rgl. SUPPLEMENTARY INFORMATION: Comments Invited When commenting on draft ACs, other policy documents or proposed TSOs, you should identify the document by its number. The Director, Aircraft Certification service, will consider all comments received on or before the closing date before issuing a final document. You can obtain a paper copy of the draft document or proposed TSO by contacting the individual or FAA office responsible for the document as identified on the Web site. You will find the draft ACs, other policy documents and proposed TSOs on the ‘‘Aircraft Certification Draft Documents Open for Comment’’ Web site at https:// www.faa.gov/aircraft/draft_docs/. For Internet retrieval assistance, contact the AIR Internet Content Program Manager at 202–267–8361. rwilkins on PROD1PC63 with NOTICES Background We do not publish an individual Federal Register Notice for each document we make available for public comment. On the Web site, you may subscribe to our service for e-mail notification when new draft documents are made available. Persons wishing to comment on our draft ACs, other policy documents and proposed TSOs can find them by using the FAA’s Internet address listed above. This notice of availability and request for comments on documents produced by the Aircraft Certification service will appear again in 30 days. VerDate Aug<31>2005 19:59 Oct 02, 2006 Jkt 211001 Federal Aviation Administration RTCA Special Committee 135: Environmental Conditions and Test Procedures for Airborne Equipment Federal Aviation Administration (FAA), DOT. ACTION: Notice of RTCA Special Committee 135 meeting. AGENCY: SUMMARY: The FAA is issuing this notice to advise the public of a meeting of RTCA Special Committee 135: Environmental Conditions and Test Procedures for Airborne Equipment. DATES: The meeting will be held October 23–26, 2006 starting at 9 a.m. ADDRESSES: The meeting will be held at RTCA, 1828 L Street, NW., Suite 805, Colson Board Room, Washington, DC 20036. (1) RTCA Secretariat, 1828 L Street, NW., Suite 805, Washington, DC 20036; telephone (202) 833–9339; fax (202) 833–9434; Web site https://www.rtca.org. SUPPLEMENTARY INFORMATION: Pursuant to section 10(a)(2) of the Federal Advisory Committee Act (Pub. L. 92– 463, 5 U.S.C., Appendix 2), notice is hereby given for a Special Committee 135 meeting. The agenda will include: • October 23: • All Day, Working Group—Section 21, Emission of Radio Frequency Energy. • October 24: • All Day, Working Group—Section 16, Power Input. • All Day, Working Group—Section 21, Emission of Radio Frequency Energy. • October 25–26. • Opening Plenary Session (Welcome and Introductory Remarks). • Approval of Summary from the Forty-Seventh Meeting. • RTCA Paper No. 088–06/SC135– 655. • Chairman’s Update. • DO–160E Errata Paper is Published. • Clarity Schedule (‘‘substantial change deadline’’). • Review Results of EUROCAE ED–14 September Meeting. • Review Status of Working Groups. • Section 16, Power Input. FOR FURTHER INFORMATION CONTACT: PO 00000 Frm 00099 Fmt 4703 Sfmt 4703 58463 • Section 20, Radio Frequency Susceptibility (Radiated and Conducted). • Section 21, Emission of Radio Frequency Energy. • Review List of Change Proposals for all other Sections. • Review Status of Draft of New Section 27, Toxic Fumes. • Discuss Status/Progress of User Guide Information. • Review Schedule to Release DO– 160E. • Closing Plenary Session (New/ Unfinished Business, Date and Place of Next Meeting). Attendance is open to the interested public but limited to space availability. With the approval of the chairmen, members of the public may present oral statements at the meeting. Persons wishing to present statements or obtain information should contact the person listed in the FOR FURTHER INFORMATION CONTACT section. Members of the public may present a written statement to the committee at any time. Issued in Washington, DC, on September 27, 2006. Francisco Estrada C., RTCA Advisory Committee. [FR Doc. 06–8460 Filed 10–2–06; 8:45 am] BILLING CODE 4910–13–M DEPARTMENT OF TRANSPORTATION Federal Aviation Administration Fourth Meeting: Special Committee 209, Air Traffic Control Radar Beacon Systems (ATCRBS)/Mode S Transponder Federal Aviation Administration (FAA), DOT. ACTION: Notice of RTCA Special Committee 209, ATCRBS/Mode S Transponder. AGENCY: SUMMARY: The FAA is issuing this notice to advise the public of a meeting of RTCA Special Committee 209, Air Traffic Control Radar Beacon Systems (ATCRBS)/Mode S Transponder. DATES: The meeting will be held October 18–19, 2006, from 9 a.m.–5 p.m. ADDRESSES: The meeting will be held at Honeywell, 23500 West 105th St., Olathe, KS 66061. FOR FURTHER INFORMATION CONTACT: RTCA Secretariat, 1828 L Street, NW., Suite 805, Washington, DC 20036; telephone (202) 833–9434; Web site https://www.rtca.org, Honeywell contact: Don Walker; telephone (913) 712–2193, e-mail don.walker@honeywell.com; Honeywell Secretary contact: Gary Furr; E:\FR\FM\03OCN1.SGM 03OCN1

Agencies

[Federal Register Volume 71, Number 191 (Tuesday, October 3, 2006)]
[Notices]
[Pages 58462-58463]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 06-8464]


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DEPARTMENT OF TRANSPORTATION

Federal Aviation Administration


Notice of Availability of Draft Advisory Circulars, Other Policy 
Documents and Proposed Technical Standard Orders

AGENCY: Federal Aviation Administration (FAA), DOT.

ACTION: This is a recurring Notice of Availability, and request for 
comments, on draft advisory circulars (ACs), other policy documents, 
and proposed technical standard orders (TSOs) currently offered by the 
Aircraft Certification Service.

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[[Page 58463]]

SUMMARY: The FAA's Aircraft Certification Service publishes proposed 
non-regulatory documents that are available for public comment on the 
Internet at https://www.faa.gov/aircraft/draft_docs/.

DATES: We must receive comments on or before the due date for each 
document as specified on the Web site.

ADDRESSES: Send comments on proposed documents to the Federal Aviation 
Administration at the address specified on the Web site for the 
document being commented on, to the attention of the individual and 
office identified as point of contact for the document.

FOR FURTHER INFORMATION CONTACT: See the individual or FAA office 
identified on the Web site for the specified document.

SUPPLEMENTARY INFORMATION: Final advisory circulars, other policy 
documents, and technical standard orders (TSOs) are available on FAA's 
Regulatory and Guidance Library (RGL) at https://www.airweb.faa.gov/rgl.

Comments Invited

    When commenting on draft ACs, other policy documents or proposed 
TSOs, you should identify the document by its number. The Director, 
Aircraft Certification service, will consider all comments received on 
or before the closing date before issuing a final document. You can 
obtain a paper copy of the draft document or proposed TSO by contacting 
the individual or FAA office responsible for the document as identified 
on the Web site. You will find the draft ACs, other policy documents 
and proposed TSOs on the ``Aircraft Certification Draft Documents Open 
for Comment'' Web site at https://www.faa.gov/aircraft/draft_
docs/. For Internet retrieval assistance, contact the AIR Internet 
Content Program Manager at 202-267-8361.

Background

    We do not publish an individual Federal Register Notice for each 
document we make available for public comment. On the Web site, you may 
subscribe to our service for e-mail notification when new draft 
documents are made available. Persons wishing to comment on our draft 
ACs, other policy documents and proposed TSOs can find them by using 
the FAA's Internet address listed above. This notice of availability 
and request for comments on documents produced by the Aircraft 
Certification service will appear again in 30 days.

    Issued in Washington, DC, on September 26, 2006.
Frank Paskiewicz,
Manager, Production and Airworthiness Division, Aircraft Certification 
Service.
[FR Doc. 06-8464 Filed 10-2-06; 8:45 am]
BILLING CODE 4910-13-M