Formation of the United States Delegation to the World Radiocommunication Conference: Request for Expressions of Interest in Being on the United States Delegation, 13549-13550 [E7-5253]
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Federal Register / Vol. 72, No. 55 / Thursday, March 22, 2007 / Notices
rwilkins on PROD1PC63 with NOTICES
recently the Commission has approved
the implementation and expansion of
DRS.14
While the U.S. markets have made
great progress in immobilization and
dematerialization for institutional and
broker-to-broker transactions, many
industry representatives believe that the
small percentage of securities held in
certificated form (held mostly by retail
investors) impose unnecessary risk and
disproportionately large expense to the
industry and to investors. In an attempt
to help address this issue, Phlx’s rule
change, along with those of the NYSE,
Amex, Nasdaq, NYSE Arca, BSE, and
CHX, should help expand the use of
DRS. As a result, risks, costs, and
processing inefficiencies associated
with the use of securities certificates
should be reduced, and impediments to
the perfection of the national market
system should be removed.
Additionally, those investors holding
securities in listed securities certificates
covered by the rule change that decide
to hold their securities in DRS should
realize the benefits of more accurate,
quicker, and more cost-efficient
transfers; faster distribution of sale
proceeds; reduced number of lost or
stolen certificates and a reduction in the
associated certificate replacement costs;
and consistency of owning in bookentry across asset classes.
The Commission realizes that some
issuers and transfer agents may bear
expenses related to complying with the
rule change. In order to make an issue
DRS-eligible, issuers of listed companies
must have a transfer agent which is a
DRS Limited Participants and may need
to amend their corporate governing
documents to permit the issuance of
PSE–95–14; SR–Phlx–95–34] (order approving rules
setting forth depository eligibility requirements for
issuers seeking to have their shares listed on the
exchange).
14 In 1996, the NYSE modified its listing criteria
to permit listed companies to issue securities in
book-entry form provided that the issue is included
in DRS. Securities Exchange Act Release No. 37937
(November 8, 1996), 61 FR 58728 (November 18,
1996), [File No. SR–NYSE–96–29]. Similarly, the
NASD modified its rule to require that if an issuer
establishes a direct registration program, it must
participate in an electronic link with a securities
depository in order to facilitate the electronic
transfer of the issue. Securities Exchange Act
Release No. 39369 (November 26, 1997), 62 FR
64034 (December 3, 1997), [File No. SR–97–51]. On
July 30, 2002, the Commission approved a rule
change proposed by the NYSE to amend NYSE
Section 501.01 of the NYSE Listed Company
Manual to allow a listed company to issue
securities in a dematerialized or completely
immobilized form and therefore not send stock
certificates to record holders provided the
company’s stock is issued pursuant to a dividend
reinvestment program or a stock purchase plan or
is included in a DRS. Securities Exchange Act
Release No. 46282 (July 30, 2002), 67 FR 50972
(August 6, 2002), [File No. SR–NYSE–2001–33].
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book-entry shares. The Commission
believes, however, that the long-term
benefits of increased efficiencies and
reduced costs and risks afforded by DRS
outweigh the costs that some issuers
and transfer agents may incur.
Furthermore, the time frames built into
the proposal should allow issuers and
their transfer agents sufficient time to
make any necessary changes to comply
with the rule change.
While the rule change should
significantly reduce the number of
transactions in securities for which
settlement is effected by the physical
delivery of securities certificates, it will
not eliminate the ability of investors to
obtain securities certificates provided
the issuer has chosen to issue
certificates. Such investors can continue
to contact the issuer’s transfer agent,
either directly or through their brokerdealer, to obtain a securities certificate.
Accordingly, for the reasons stated
above the Commission finds that the
rule change is consistent with Phlx’s
obligation under Section 6(b) of the Act
to foster cooperation and coordination
with persons engaged in regulating,
clearing, settling, processing
information with respect to, and
facilitating transactions in securities, to
remove impediments to perfect the
mechanism of a free and open market
and a national market system, and in
general to protect investors and the
public interest.15
V. Conclusion
On the basis of the foregoing, the
Commission finds that the proposed
rule change is consistent with the
requirements of the Act and in
particular with the requirements of
Section 6(b)(5) of the Act and the rules
and regulations thereunder. It is
therefore ordered, pursuant to Section
19(b)(2) of the Act, that the proposed
rule change (File No. SR–Phlx–2006–69)
be and hereby is approved.
For the Commission by the Division of
Market Regulation, pursuant to delegated
authority.16
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7–5189 Filed 3–21–07; 8:45 am]
BILLING CODE 8010–01–P
15 In approving the proposed rule change, the
Commission considered the proposal’s impact on
the efficiency, competition, and capital formation.
15 U.S.C. 78c(f).
16 17 CFR 200.30–3(a)(12).
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13549
SMALL BUSINESS ADMINISTRATION
Buffalo District Advisory Council;
Notice of Federal Advisory Committee
Management Meeting
The U.S. Small Business
Administration Buffalo District
Advisory Council located in the
geographical area of Buffalo, New York,
will hold a public Federal advisory
meeting on Wednesday, April 18, 2007,
starting at 10 a.m. EST.
The meeting will take place at the
SBA Disaster Assistance Customer
Service Center, located at 130 S.
Elmwood Avenue, 5th Floor, Buffalo,
New York.
The purpose of the meeting is to
discuss the following topics: (1) FY 2007
Mid-year report; (2) SBA Program
updates; (3) SBA’s Military Reservist
Economic Injury Disaster Loan
(MREIDL); (4) Disaster Assistance
Customer Service Center Tour and
Update; (5) District Small Business
Week; (6) District SBA Business
Matchmaking, Awards Luncheon &
Expo; (7) Roundtable Discussion on
Small Business Issues.
Anyone wishing to make an oral
presentation to the Board must contact
Franklin J. Sciortino, District Director,
Buffalo District Office, in writing by
letter or fax no later than Friday, March
30, 2007, in order to be put on the
agenda. Franklin J. Sciortino, District
Director, Buffalo District Office, U.S.
Small Business Administration, Niagara
Center, 540 Niagara Center, 130 S.
Elmwood Avenue, Buffalo, New York
14202; telephone (716) 551–4301 or fax
(716) 551–4418.
Matthew Teague,
Committee Management Officer.
[FR Doc. E7–5222 Filed 3–21–07; 8:45 am]
BILLING CODE 8025–01–P
DEPARTMENT OF STATE
[Public Notice 5727]
Formation of the United States
Delegation to the World
Radiocommunication Conference:
Request for Expressions of Interest in
Being on the United States Delegation
Summary: The International
Telecommunication Union (ITU) World
Radiocommunication Conference (WRC)
will take place from October 22–
November 16, 2007 in Geneva,
Switzerland. As part of the preparations
for the formation of the United States
delegation to the World
Radiocommunication Conference, the
Department of State is requesting
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13550
Federal Register / Vol. 72, No. 55 / Thursday, March 22, 2007 / Notices
expressions of interest in being on this
delegation.
All delegation members must be
United States citizens. Expressions of
interest and a description of what
company or organization the interested
person represents and his/her area of
expertise should be sent to Anne Jillson,
International Communications and
Information Policy, Department of State.
Her e-mail address is
jillsonad@state.gov, her fax number is
202 647–5957, and her phone number is
202 647–5205.
Expressions of interest should be
received no later than April 10, 2007.
Dated: March 15, 2007.
Anne D. Jillson,
Foreign Affairs Officer, International
Communications and Information Policy,
Department of State.
[FR Doc. E7–5253 Filed 3–21–07; 8:45 am]
—Application of requirements for the
carriage of bio-fuels and bio-fuel
blends
—Consideration of IACS unified
interpretations
—Casualty analysis
—Work program and agenda for BLG 12
Hard copies of documents associated
with the 11th session of BLG will be
available at this meeting. To request
further copies of documents please
write to the address provided below.
Members of the public may attend
this meeting up to the seating capacity
of the room. Interested persons may
seek information by writing to Mr.
Thomas Felleisen, Commandant (CG–
3PSO–3), U.S. Coast Guard
Headquarters, 2100 Second Street, SW.,
Room 1214, Washington, DC 20593–
0001 or by calling (202) 372–1424.
DEPARTMENT OF STATE
Dated: 16 March 2007.
Michael E. Tousley,
Executive Secretary, Shipping Coordinating
Committee, Department of State.
[FR Doc. E7–5252 Filed 3–21–07; 8:45 am]
[Public Notice 5728]
BILLING CODE 4710–09–P
Shipping Coordinating Committee;
Notice of Meeting
DEPARTMENT OF STATE
BILLING CODE 4710–07–P
rwilkins on PROD1PC63 with NOTICES
Chinese government relating to the
development or production of any
missile equipment or technology and
activities of the Chinese government
affecting the development or production
of electronics, space systems or
equipment, and military aircraft (see
Federal Register Vol. 68, no. 182,
Friday, Sept. 19, 2003). This action was
effective on September 18, 2006.
On March 12, 2007, a determination
was made pursuant to section 73(e) of
the Arms Export Control Act (22 U.S.C.
2797b(e)) that it is essential to the
national security of the United States to
waive permanently the sanctions,
effective from the date of expiration of
the previous waiver (March 18, 2007).
These measures shall be implemented
by the responsible agencies as provided
in Executive Order 12851 of June 11,
1993.
BILLING CODE 4710–25–P
The Shipping Coordinating
Committee (SHC) will conduct an open
meeting at 9:30 a.m. on Thursday, April
5, 2007, in Room 6103 of the United
States Coast Guard Headquarters
Building, 2100 Second Street, SW.,
Washington, DC 20593–0001. The
primary purpose of the meeting is to
prepare for the 11th session of the
International Maritime Organization’s
Sub-Committee on Bulk Liquids and
Gases (BLG) to be held at the Royal
Horticultural Halls and Conference
Centre, 80 Vincent Square, London,
England from April 16th to April 20th,
2007.
The primary matters to be considered
include:
—Evaluation of safety and pollution
hazards of chemicals and preparation
of consequential amendments
—Development of guidelines for
uniform implementation of the 2004
Ballast Water Management
Convention
—Review of MARPOL Annex VI and the
NOX Technical Code
—Development of provisions for gasfuelled ships
—Amendments to MARPOL Annex I for
the prevention of marine pollution
during oil transfer operations between
ships at sea
—Oil tagging systems
—Guidelines on other technological
methods verifiable or enforceable to
limit SOx emissions
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16:11 Mar 21, 2007
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Dated: March 14, 2007.
John C. Rood,
Assistant Secretary of State for International
Security and Nonproliferation, Department of
State.
[FR Doc. E7–5254 Filed 3–21–07; 8:45 am]
[Public Notice 5726]
DEPARTMENT OF TRANSPORTATION
Bureau of International Security and
Nonproliferation; Permanent Waiver of
Missile Proliferation Sanctions Against
Sectors of Chinese Government
Activities
Department of State.
ACTION: Notice.
AGENCY:
SUMMARY: A determination has been
made to waive permanently the import
sanction against certain activities of the
Chinese government that was
announced on September 19, 2003,
pursuant to the Arms Export Control
Act, as amended.
DATES: Effective Date: March 12, 2007.
FOR FURTHER INFORMATION CONTACT: Pam
Durham, Office of Missile Threat
Reduction, Bureau of International
Security and Nonproliferation,
Department of State (202–647–4931).
SUPPLEMENTARY INFORMATION: A
determination was made on September
13, 2006, pursuant to section 73(e) of
the Arms Export Control Act (22 U.S.C.
2797b(e)), that it was essential to the
national security of the United States to
waive for an additional six months the
import sanction described in Section
73(a)(2)(C) of the Arms Export Control
Act (22 U.S.C. 2797b(a)(2)(C)) against
the activities of the Chinese government
described in section 74(a)(8)(B) of the
Arms Export Control Act (22 U.S.C.
2797c(a)(8)(B))—activities of the
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Federal Aviation Administration
[Docket No. FAA–2007–23639]
Deadline for Notification of Intent To
Use the Airport Improvement Program
(AIP) Sponsor, Cargo, and Nonprimary
Entitlement Funds for Fiscal Year
2007; Correction
Federal Aviation
Administration, DOT.
ACTION: Notice; correction.
AGENCY:
SUMMARY: The FAA is issuing a
correction to the Notice published in the
Federal Register on March 7, 2007 (72
FR 10292), Subject: Deadline for
Notification to Use the Airport
Improvement Program (AIP) Sponsor,
Cargo, and Nonprimary Entitlement
Funds for FY 2006. That Notice
announced May 1, 2007, as the deadline
for each airport sponsor to notify the
FAA that it will use its fiscal year 2007
entitlement funds to accomplish
projects identified in the Airports
Capital Improvement Plan that was
formulated in the spring of 2006. This
correction changes the fiscal year
referenced in the subject from ‘‘2006’’ to
‘‘2007’’.
FOR FURTHER INFORMATION CONTACT: Mr.
Kendall Ball (Kendall.Ball@faa.gov),
Airports Financial Assistance Division
(APP–500), Office of Airport Planning
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Agencies
[Federal Register Volume 72, Number 55 (Thursday, March 22, 2007)]
[Notices]
[Pages 13549-13550]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-5253]
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DEPARTMENT OF STATE
[Public Notice 5727]
Formation of the United States Delegation to the World
Radiocommunication Conference: Request for Expressions of Interest in
Being on the United States Delegation
Summary: The International Telecommunication Union (ITU) World
Radiocommunication Conference (WRC) will take place from October 22-
November 16, 2007 in Geneva, Switzerland. As part of the preparations
for the formation of the United States delegation to the World
Radiocommunication Conference, the Department of State is requesting
[[Page 13550]]
expressions of interest in being on this delegation.
All delegation members must be United States citizens. Expressions
of interest and a description of what company or organization the
interested person represents and his/her area of expertise should be
sent to Anne Jillson, International Communications and Information
Policy, Department of State. Her e-mail address is jillsonad@state.gov,
her fax number is 202 647-5957, and her phone number is 202 647-5205.
Expressions of interest should be received no later than April 10,
2007.
Dated: March 15, 2007.
Anne D. Jillson,
Foreign Affairs Officer, International Communications and Information
Policy, Department of State.
[FR Doc. E7-5253 Filed 3-21-07; 8:45 am]
BILLING CODE 4710-07-P