Revocation of License of Small Business Investment Company, 58892 [E6-16498]

Download as PDF 58892 Federal Register / Vol. 71, No. 193 / Thursday, October 5, 2006 / Notices mstockstill on PROD1PC61 with NOTICES specific requirement that a Designated Dealer execute eligible limit orders if certain conditions occur in the primary market (referred to as the ‘‘primary market print protection’’ or the ‘‘limit order protection’’ provision). Pursuant to the proposal, dealers and members would still be permitted, but not required, to guarantee the execution of a limit order as principal upon the occurrence of a transaction in another market. The Commission published the proposed rule change for comment in the Federal Register on June 27, 2006.3 The Commission received no comments on the proposed rule change. After careful consideration, the Commission finds that the proposed rule change is consistent with the requirements of the Act and the rules and regulations thereunder that are applicable to a national securities exchange.4 In particular, the Commission believes that the proposed rule change is consistent with Section 6(b)(5) of the Act,5 which requires among other things, that the rules of the Exchange are designed to promote just and equitable principles of trade, to remove impediments to and perfect the mechanism of a free and open market and a national market system, and, in general, to protect investors and the public interest. The Commission notes that the Exchange voluntarily enacted its rulebased execution guarantees in 1996,6 when the guarantees were used, among other things, as a competitive tool to attract order flow to the Exchange. The Commission notes that it has approved a substantially similar proposal of another national securities exchange.7 In that context, the Commission discussed how the environment had changed since the adoption of voluntary rule-based execution guarantees and ‘‘that consequently, the guarantees may no longer serve to foster competition between the markets.’’ 8 The Commission notes that the deletion of the rule-based mandate regarding limit order protection does not in any way affect the Exchange’s rules relating to trading ahead prohibitions or best execution obligations, or any other 3 See Securities Exchange Act Release No. 54018 (June 20, 2006), 71 FR 36576. 4 In approving this proposed rule change, the Commission notes that it has considered the proposed rule’s impact on efficiency, competition, and capital formation. See 15 U.S.C. 78c(f). 5 15 U.S.C. 78f(b)(5). 6 See Securities Exchange Act Release No. 37046 (March 29, 1996), 61 FR 15322 (April 5, 1996) (File No. SR–CSE–95–03). 7 See Securities Exchange Act Release No. 52652 (October 21, 2005), 70 FR 62151 (October 28, 2005) (order approving File No. SR–CHX–2004–17). 8 Id. at 62152. VerDate Aug<31>2005 15:42 Oct 04, 2006 Jkt 211001 dealer obligations within NSX’s rules. In addition, the Commission notes that, under the proposed rule change, dealers and members would still be permitted, but not required, to provide such guarantees if they wished to do so.9 It is therefore ordered, pursuant to Section 19(b)(2) of the Act,10 that the proposed rule change (SR–NSX–2006– 06) be, and hereby is, approved. For the Commission, by the Division of Market Regulation, pursuant to delegated authority.11 Nancy M. Morris, Secretary. [FR Doc. E6–16460 Filed 10–4–06; 8:45 am] The following areas have been determined to be adversely affected by the disaster: Primary Counties: Accomack, Caroline, Charles City, Dinwiddie, Essex, Gloucester, Isle of Wight, James City, King William, Lancaster, Mathews, Middlesex, Northampton, Northumberland, Poquoson (City), Richmond, Richmond (City), Surry, Sussex, Westmoreland, York. The Interest Rates are: Percent BILLING CODE 8011–01–P SMALL BUSINESS ADMINISTRATION [Disaster Declaration # 10625] Virginia Disaster # VA–00008 Small Business Administration. Notice. AGENCY: ACTION: SUMMARY: This is a Notice of the Presidential declaration of a major disaster for Public Assistance Only for the Commonwealth of Virginia (FEMA– 1661–DR), dated 09/22/2006. Incident: Severe Storms and Flooding, Including Severe Storms and Flooding Associated with Tropical Depression Ernesto. Incident Period: 08/29/2006 Through 09/07/2006. Effective Date: 09/22/2006. Physical Loan Application Deadline Date: 11/21/2006. ADDRESSES: Submit Completed Loan Applications to: U.S. Small Business Administration, 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: Notice is hereby given that as a result of the President’s major disaster declaration on 09/22/2006, Private Non-Profit organizations that provide essential services of a governmental nature may file disaster loan applications at the address listed above or other locally announced locations. 9 In addition, the Commission notes that it recently approved File No. SR–NSX–2006–08 which, among other things, adopted a new NSX Rule 11.9 as part of a new trading system for the Exchange, which is not yet operational. See Securities Exchange Act Release No. 54391 (August 31, 2006), 71 FR 52836 (September 7, 2006). 10 15 U.S.C. 78s(b)(2). 11 17 CFR 200.30–3(a)(12). PO 00000 Frm 00109 Fmt 4703 Sfmt 4703 Other (Including Non-Profit Organizations) With Credit Available Elsewhere ................................. Businesses And Non-Profit Organizations Without Credit Available Elsewhere ......................... 5.000 4.000 The number assigned to this disaster for physical damage is 10625. (Catalog of Federal Domestic Assistance Number 59008) Allan I. Hoberman, Acting Associate Administrator for Disaster Assistance. [FR Doc. E6–16413 Filed 10–4–06; 8:45 am] BILLING CODE 8025–01–P SMALL BUSINESS ADMINISTRATION Revocation of License of Small Business Investment Company Pursuant to the authority granted to the United States Small Business Administration by the Final Order of the United States District Court of the District of New Jersey, dated September 6, 2006, the United States Small Business Administration hereby revokes the license of Bishop Capital, L.P., a New Jersey limited partnership, to function as a small business investment company under the Small Business Investment Company License No. 02/ 02–0503 issued to Bishop Capital, L.P. on August 27, 1987 and said license is hereby declared null and void as of September 28, 2006. Small Business Administration. Dated: September 28, 2006. Jaime Guzman-Fournier, Associate Administrator for Investment. [FR Doc. E6–16498 Filed 10–4–06; 8:45 am] BILLING CODE 8025–01–P E:\FR\FM\05OCN1.SGM 05OCN1

Agencies

[Federal Register Volume 71, Number 193 (Thursday, October 5, 2006)]
[Notices]
[Page 58892]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-16498]


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SMALL BUSINESS ADMINISTRATION


Revocation of License of Small Business Investment Company

    Pursuant to the authority granted to the United States Small 
Business Administration by the Final Order of the United States 
District Court of the District of New Jersey, dated September 6, 2006, 
the United States Small Business Administration hereby revokes the 
license of Bishop Capital, L.P., a New Jersey limited partnership, to 
function as a small business investment company under the Small 
Business Investment Company License No. 02/02-0503 issued to Bishop 
Capital, L.P. on August 27, 1987 and said license is hereby declared 
null and void as of September 28, 2006.

Small Business Administration.

    Dated: September 28, 2006.
Jaime Guzman-Fournier,
Associate Administrator for Investment.
 [FR Doc. E6-16498 Filed 10-4-06; 8:45 am]
BILLING CODE 8025-01-P
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