Self-Regulatory Organizations; Municipal Securities Rulemaking Board; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Relating to Amendment to Rule A-6, on Committees of the Board, 64750-64751 [E6-18607]
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Federal Register / Vol. 71, No. 213 / Friday, November 3, 2006 / Notices
SECURITIES AND EXCHANGE
COMMISSION
Sections A, B, and C below, of the most
significant aspects of such statements.
[Release No. 34–54671; File No. SR–MSRB–
2006–08]
A. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
Self-Regulatory Organizations;
Municipal Securities Rulemaking
Board; Notice of Filing and Immediate
Effectiveness of Proposed Rule
Change Relating to Amendment to
Rule A–6, on Committees of the Board
October 30, 2006.
Pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934
(‘‘Act’’),1 and Rule 19b–4 thereunder,2
notice is hereby given that on October
24, 2006, the Municipal Securities
Rulemaking Board (‘‘MSRB’’ or
‘‘Board’’), filed with the Securities and
Exchange Commission (‘‘Commission’’
or ‘‘SEC’’) the proposed rule change as
described in Items I, II and III below,
which Items have been prepared by the
MSRB. The MSRB has filed the proposal
pursuant to Section 19(b)(3)(A)(iii) of
the Act,3 and Rule 19b–4(f)(3)
thereunder,4 which renders the proposal
effective upon filing with the
Commission. The Commission is
publishing this notice to solicit
comments on the proposed rule change
from interested persons.
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
The MSRB is filing with the
Commission a proposed rule change
consisting of an amendment to Rule A–
6, on committees of the Board, to delete
a provision from the rule that states that,
in all matters, the role of any committee
shall be solely advisory. The text of the
proposed rule change is available on the
MSRB’s Web site (https://www.msrb.org),
at the MSRB’s principal office, and at
the Commission’s Public Reference
Room.
mstockstill on PROD1PC68 with NOTICES
II. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
In its filing with the Commission, the
MSRB included statements concerning
the purpose of and basis for the
proposed rule change and discussed any
comments it received on the proposed
rule change. The text of these statements
may be examined at the places specified
in Item IV below. The MSRB has
prepared summaries, set forth in
1 15
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 15 U.S.C. 78s(b)(3)(A)(iii).
4 17 CFR 240.19b–4(f)(3).
2 17
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15:24 Nov 02, 2006
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1. Purpose
The Board has been reviewing its
Administrative Rules and by-laws to
ensure that they are consistent with
current good corporate governance
practices. Rule A–6, on committees of
the Board, currently provides, among
other things, that in all matters, the role
of any Board committee shall be solely
advisory. The Board has determined to
delete this provision from the rule (as
well as from By-Law Article 6) to allow
Board committees to undertake
appropriate responsibilities at the
direction of the Board or pursuant to the
committee charters consistent with such
good corporate governance practices.5
2. Statutory Basis
The MSRB believes that the proposed
rule change is consistent with Section
15B(b)(2)(I) of the Act,6 which
authorizes the MSRB to adopt rules that
provide for the operation and
administration of the MSRB. The MSRB
believes that the proposed rule change
is consistent with this provision because
it is concerned solely with the operation
and administration of the MSRB.
B. Self-Regulatory Organization’s
Statement on Burden on Competition
The MSRB does not believe that the
proposed rule change will impose any
burden on competition that is not
necessary or appropriate in furtherance
of the purposes of the Act since it only
applies to the operation and
administration of the MSRB.
C. Self-Regulatory Organization’s
Statement on Comments on the
Proposed Rule Change Received From
Members, Participants or Others
Written comments were neither
solicited nor received.
III. Effectiveness of the Proposed Rule
Change and Timing for Date of
Commission Action
The proposed rule change has become
effective pursuant to Section 19(b)(3)(A)
of the Act 7 and Rule 19b–4(f)(3)
thereunder 8 because it is concerned
solely with the administration of the
5 Such practices include, but are not limited to,
vesting responsibility in the audit committee for the
hiring, firing and compensation of the independent
financial auditors.
6 15 U.S.C. 78o–4(b)(2)(I).
7 15 U.S.C. 78s(b)(3)(A).
8 17 CFR 240.19b–4(f)(3).
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Fmt 4703
Sfmt 4703
MSRB. At any time within 60 days of
the filing of the proposed rule change,
the Commission may summarily
abrogate such rule change if it appears
to the Commission that such action is
necessary or appropriate in the public
interest, for the protection of investors,
or otherwise in furtherance of the
purposes of the Act.9
IV. Solicitation of Comments
Interested persons are invited to
submit written data, views, and
arguments concerning the foregoing,
including whether the proposed rule
change is consistent with the Act.
Comments may be submitted by any of
the following methods:
Electronic Comments
• Use the Commission’s Internet
comment form (https://www.sec.gov/
rules/sro.shtml); or
• Send an e-mail to rulecomments@sec.gov. Please include File
Number SR–MSRB–2006–08 on the
subject line.
Paper Comments
• Send paper comments in triplicate
to Nancy M. Morris, Secretary,
Securities and Exchange Commission,
Station Place, 100 F Street, NE.,
Washington, DC 20549–1090.
All submissions should refer to File
Number SR–MSRB–2006–08. This file
number should be included on the
subject line if e-mail is used. To help the
Commission process and review your
comments more efficiently, please use
only one method. The Commission will
post all comments on the Commission’s
Internet Web site (https://www.sec.gov/
rules/sro.shtml). Copies of the
submission, all subsequent
amendments, all written statements
with respect to the proposed rule
change that are filed with the
Commission, and all written
communications relating to the
proposed rule change between the
Commission and any person, other than
those that may be withheld from the
public in accordance with the
provisions of 5 U.S.C. 552, will be
available for inspection and copying in
the Commission’s Public Reference
Room. Copies of such filing also will be
available for inspection and copying at
the principal office of the MSRB. All
comments received will be posted
without change; the Commission does
not edit personal identifying
information from submissions. You
should submit only information that
you wish to make available publicly. All
9 See Section 19(b)(3)(C) of the Act, 15 U.S.C.
78s(b)(3)(C).
E:\FR\FM\03NON1.SGM
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Federal Register / Vol. 71, No. 213 / Friday, November 3, 2006 / Notices
submissions should refer to File
Number SR–MSRB–2006–08 and should
be submitted on or before November 24,
2006.
Operations Building, 6401 Security
Boulevard, Baltimore, Maryland 21235–
6401, telephone: (410) 965–1482, e-mail:
margo.wagner@ssa.gov.
For the Commission, by the Division of
Market Regulation, pursuant to delegated
authority.10
Nancy M. Morris,
Secretary.
[FR Doc. E6–18607 Filed 11–2–06; 8:45 am]
SUPPLEMENTARY INFORMATION:
BILLING CODE 8011–01–P
On October 27, 2004, President Bush
signed Homeland Security Presidential
Directive-12 (HSPD–12), requiring all
Federal agencies to implement a
standard personal identity verification
(PIV) card for use by individuals who
require access Federal or federally
controlled buildings and/or information
systems in order to eliminate terrorist
threats. HSPD–12 charges the
Department of Commerce and the Office
of Management and Budget to set
standards and guidance for
implementing the PIV cards.
In order to carry out our
responsibilities under HSPD–12, SSA
must issue PIV cards to all individuals
who require regular, ongoing access to
Agency facilities, information
technology systems, or information
classified in the interest of national
security. These individuals include
applicants for employment or contracts,
Federal employees, contractors,
students, interns, volunteers, affiliates,
as well as individuals authorized to
perform or use services provided in
agency facilities (e.g., Credit Union,
Fitness Center, etc.). To issue PIV cards,
SSA must collect and maintain personal
information about individuals to whom
the Agency will issue a PIV card. We
will maintain the information in the
newly established IDMS system and
retrieve the information from the system
when needed by the Social Security
number (SSN) or other unique identifier
of the individual to whom the
information pertains. Thus, the IDMS
system will constitute a system of
records under the Privacy Act.
SOCIAL SECURITY ADMINISTRATION
Privacy Act of 1974, as Amended; New
System of Records
AGENCY:
Social Security Administration
(SSA).
Proposed new system of records
and proposed routine uses.
mstockstill on PROD1PC68 with NOTICES
ACTION:
SUMMARY: In accordance with the
Privacy Act (5 U.S.C. 552a(e)(4) and
(e)(11)), we are issuing public notice of
our intent to establish a new system of
records, entitled the Identity
Management System, 60–0361, and
routine uses applicable to this system of
records. Hereinafter, we will refer to the
proposed system of records as the IDMS
system. We invite public comment on
this proposal.
DATES: We filed a report of the proposed
new IDMS system and proposed routine
use disclosures with the Chairman of
the Senate Committee on Homeland
Security and Governmental Affairs, the
Chairman of the House Committee on
Government Reform, and the Director,
Office of Information and Regulatory
Affairs, Office of Management and
Budget on October 26, 2006. The
proposed IDMS system and proposed
routine uses will become effective on
December 5, 2006, unless we receive
comments warranting them not to
become effective.
ADDRESSES: Interested individuals may
comment on this publication by writing
to the Executive Director, Office of
Public Disclosure, Office of the General
Counsel, Social Security
Administration, Room 3–A–6
Operations Building, 6401 Security
Boulevard, Baltimore, Maryland 21235–
6401. All comments received will be
available for public inspection at the
above address.
FOR FURTHER INFORMATION: Contact
Margo Wagner, Social Insurance
Specialist, Disclosure Policy Team,
Office of Public Disclosure, Office of the
General Counsel, Social Security
Administration, Room 3–A–6
10 17
I. Background and Purpose of the
Proposed IDMS System
A. General Background
B. Collection and Maintenance of the
Data for the IDMS System
The information that SSA will collect
and maintain in the IDMS system will
consist of identifiable information (i.e.,
name, address, phone number, SSN) of
individuals who require a PIV card. The
‘‘Categories of records’’ section of the
notice of the IDMS system below
contains a detailed description of the
records that will be maintained in the
IDMS system.
CFR 200.30–3(a)(12).
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64751
II. Proposed Routine Use Disclosures of
Data Maintained in the Proposed IDMS
System
A. Proposed Routine Use Disclosures
We are proposing to establish routine
uses of information that will be
maintained in the proposed IDMS
system as discussed below.
1. To the Office of the President for
the purpose of responding to an
individual pursuant to an inquiry
received from that individual or from a
third party on his or her behalf.
We will disclose information under
this routine use only in situations in
which an individual may contact the
Office of the President, seeking that
office’s assistance in a matter relating to
information contained in this system of
records. Information will be disclosed
when the Office of the President makes
an inquiry and indicates that it is acting
on behalf of the individual whose
record is requested.
2. To a congressional office in
response to an inquiry from that office
made at the request of the subject of a
record.
We may disclose information under
this routine use only in situations in
which an individual may ask his or her
congressional representative to
intercede in a matter relating to
information contained in this system of
records. Information will be disclosed
when the congressional representative
makes an inquiry and indicates that he
or she is acting on behalf of the
individual whose record is requested.
3. To the Department of Justice (DOJ),
a court or other tribunal, or another
party before such tribunal when:
(a) The Social Security
Administration (SSA), or any
component thereof; or
(b) any SSA employee in his/her
official capacity; or
(c) any SSA employee in his/her
individual capacity where DOJ (or SSA
where it is authorized to do so) has
agreed to represent the employee; or
(d) the United States or any agency
thereof where SSA determines that the
litigation is likely to affect the operation
of SSA or any of its components,
is a party to litigation or has an interest
in such litigation, and SSA determines
that the use of such records by DOJ, a
court or other tribunal, or another party
before such tribunal, is relevant and
necessary to the litigation, provided,
however, that in each case SSA
determines that such disclosure is
compatible with the purpose for which
the records were collected.
We may disclose information under
this routine use only as necessary to
enable DOJ to effectively defend SSA,
E:\FR\FM\03NON1.SGM
03NON1
]]>Agencies
[Federal Register Volume 71, Number 213 (Friday, November 3, 2006)]
[Notices]
[Pages 64750-64751]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-18607]
[[Page 64750]]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-54671; File No. SR-MSRB-2006-08]
Self-Regulatory Organizations; Municipal Securities Rulemaking
Board; Notice of Filing and Immediate Effectiveness of Proposed Rule
Change Relating to Amendment to Rule A-6, on Committees of the Board
October 30, 2006.
Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934
(``Act''),\1\ and Rule 19b-4 thereunder,\2\ notice is hereby given that
on October 24, 2006, the Municipal Securities Rulemaking Board
(``MSRB'' or ``Board''), filed with the Securities and Exchange
Commission (``Commission'' or ``SEC'') the proposed rule change as
described in Items I, II and III below, which Items have been prepared
by the MSRB. The MSRB has filed the proposal pursuant to Section
19(b)(3)(A)(iii) of the Act,\3\ and Rule 19b-4(f)(3) thereunder,\4\
which renders the proposal effective upon filing with the Commission.
The Commission is publishing this notice to solicit comments on the
proposed rule change from interested persons.
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ 15 U.S.C. 78s(b)(3)(A)(iii).
\4\ 17 CFR 240.19b-4(f)(3).
---------------------------------------------------------------------------
I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change
The MSRB is filing with the Commission a proposed rule change
consisting of an amendment to Rule A-6, on committees of the Board, to
delete a provision from the rule that states that, in all matters, the
role of any committee shall be solely advisory. The text of the
proposed rule change is available on the MSRB's Web site (https://
www.msrb.org), at the MSRB's principal office, and at the Commission's
Public Reference Room.
II. Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change
In its filing with the Commission, the MSRB included statements
concerning the purpose of and basis for the proposed rule change and
discussed any comments it received on the proposed rule change. The
text of these statements may be examined at the places specified in
Item IV below. The MSRB has prepared summaries, set forth in Sections
A, B, and C below, of the most significant aspects of such statements.
A. Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change
1. Purpose
The Board has been reviewing its Administrative Rules and by-laws
to ensure that they are consistent with current good corporate
governance practices. Rule A-6, on committees of the Board, currently
provides, among other things, that in all matters, the role of any
Board committee shall be solely advisory. The Board has determined to
delete this provision from the rule (as well as from By-Law Article 6)
to allow Board committees to undertake appropriate responsibilities at
the direction of the Board or pursuant to the committee charters
consistent with such good corporate governance practices.\5\
---------------------------------------------------------------------------
\5\ Such practices include, but are not limited to, vesting
responsibility in the audit committee for the hiring, firing and
compensation of the independent financial auditors.
---------------------------------------------------------------------------
2. Statutory Basis
The MSRB believes that the proposed rule change is consistent with
Section 15B(b)(2)(I) of the Act,\6\ which authorizes the MSRB to adopt
rules that provide for the operation and administration of the MSRB.
The MSRB believes that the proposed rule change is consistent with this
provision because it is concerned solely with the operation and
administration of the MSRB.
---------------------------------------------------------------------------
\6\ 15 U.S.C. 78o-4(b)(2)(I).
---------------------------------------------------------------------------
B. Self-Regulatory Organization's Statement on Burden on Competition
The MSRB does not believe that the proposed rule change will impose
any burden on competition that is not necessary or appropriate in
furtherance of the purposes of the Act since it only applies to the
operation and administration of the MSRB.
C. Self-Regulatory Organization's Statement on Comments on the Proposed
Rule Change Received From Members, Participants or Others
Written comments were neither solicited nor received.
III. Effectiveness of the Proposed Rule Change and Timing for Date of
Commission Action
The proposed rule change has become effective pursuant to Section
19(b)(3)(A) of the Act \7\ and Rule 19b-4(f)(3) thereunder \8\ because
it is concerned solely with the administration of the MSRB. At any time
within 60 days of the filing of the proposed rule change, the
Commission may summarily abrogate such rule change if it appears to the
Commission that such action is necessary or appropriate in the public
interest, for the protection of investors, or otherwise in furtherance
of the purposes of the Act.\9\
---------------------------------------------------------------------------
\7\ 15 U.S.C. 78s(b)(3)(A).
\8\ 17 CFR 240.19b-4(f)(3).
\9\ See Section 19(b)(3)(C) of the Act, 15 U.S.C. 78s(b)(3)(C).
---------------------------------------------------------------------------
IV. Solicitation of Comments
Interested persons are invited to submit written data, views, and
arguments concerning the foregoing, including whether the proposed rule
change is consistent with the Act. Comments may be submitted by any of
the following methods:
Electronic Comments
Use the Commission's Internet comment form (https://
www.sec.gov/rules/sro.shtml); or
Send an e-mail to rule-comments@sec.gov. Please include
File Number SR-MSRB-2006-08 on the subject line.
Paper Comments
Send paper comments in triplicate to Nancy M. Morris,
Secretary, Securities and Exchange Commission, Station Place, 100 F
Street, NE., Washington, DC 20549-1090.
All submissions should refer to File Number SR-MSRB-2006-08. This file
number should be included on the subject line if e-mail is used. To
help the Commission process and review your comments more efficiently,
please use only one method. The Commission will post all comments on
the Commission's Internet Web site (https://www.sec.gov/rules/
sro.shtml). Copies of the submission, all subsequent amendments, all
written statements with respect to the proposed rule change that are
filed with the Commission, and all written communications relating to
the proposed rule change between the Commission and any person, other
than those that may be withheld from the public in accordance with the
provisions of 5 U.S.C. 552, will be available for inspection and
copying in the Commission's Public Reference Room. Copies of such
filing also will be available for inspection and copying at the
principal office of the MSRB. All comments received will be posted
without change; the Commission does not edit personal identifying
information from submissions. You should submit only information that
you wish to make available publicly. All
[[Page 64751]]
submissions should refer to File Number SR-MSRB-2006-08 and should be
submitted on or before November 24, 2006.
For the Commission, by the Division of Market Regulation,
pursuant to delegated authority.\10\
---------------------------------------------------------------------------
\10\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------
Nancy M. Morris,
Secretary.
[FR Doc. E6-18607 Filed 11-2-06; 8:45 am]
BILLING CODE 8011-01-P
