Presidential Permits Concerning Pipeline Facilities on the International Boundaries of the United States, 61416-61417 [E7-21324]
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61416
Federal Register / Vol. 72, No. 209 / Tuesday, October 30, 2007 / Notices
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trading violations. The Exchange may
also obtain trading information via the
Intermarket Surveillance Group (‘‘ISG’’)
from other exchanges who are members
or affiliate members of ISG.26
(3) Standard and Poor’s, which acts as
the ‘‘Index Administrator’’ and is
responsible for maintaining the
Underlying Index, is neither a registered
broker-dealer nor an ‘‘affiliated person,’’
as defined in Section 2(a)(3) of the 1940
Act, 27 or an affiliated person of the
Fund, Advisor, Sub-Advisor,28
Distributor,29 or the Corporation. In
addition, the Distributor is not an
affiliated person of the Advisor, the
Sub-Advisor, the Fund, or the
Corporation.30
(4) Prior to the commencement of
trading, the Exchange will inform its
ETP Holders 31 in an Information
Bulletin (‘‘Bulletin’’) of the special
characteristics and risks associated with
trading the Shares. Specifically, the
Bulletin will discuss the following: (1)
The procedures for purchases and
redemptions of Shares in Creation Unit
aggregations; (2) NYSE Arca Equities
Rule 9.2(a),32 which imposes a duty of
due diligence on ETP Holders to learn
the essential facts relating to every
customer prior to trading the Shares; (3)
the risks involved in trading the Shares
26 The Exchange notes that one or more of the
underlying securities may trade on exchanges that
are not members or affiliate members of ISG, and
the Exchange may not have in place comprehensive
surveillance sharing agreements with such
exchanges.
27 See 15 U.S.C. 80a–2(a)(3).
28 BNY Investment Advisors acts as the ‘‘SubAdvisor’’ to the Fund.
29 ALPS Distributors, Inc. is a registered brokerdealer and acts as the ‘‘Distributor’’ and underwriter
of the Creation Units.
30 See NYSE Arca Equities Rule 5.2(j)(3),
Commentary .01(b)(1) (providing for restrictions to
access of information concerning changes and
adjustments to an index and requirements designed
to prevent the use and dissemination of material,
non-public information regarding the applicable
index, among others).
31 The Exchange defines an ‘‘ETP Holder’’ as a
sole proprietorship, partnership, corporation,
limited liability company, or other organization in
good standing that has been issued an Equity
Trading Permit or ‘‘ETP’’ by NYSE Arca Equities for
effecting approved securities transactions on NYSE
Arca Equities’ trading facilities. An ETP Holder
must be a registered broker or dealer pursuant to
Section 15 of the Act (15 U.S.C. 78o).
32 NYSE Arca Equities Rule 9.2(a) provides that
an ETP Holder, before recommending a transaction,
must have reasonable grounds to believe that the
recommendation is suitable for the customer based
on any facts disclosed by the customer as to his or
her other security holdings and as to his or her
financial situation and needs. Further, the rule
provides, with a limited exception, that prior to the
execution of a transaction recommended to a noninstitutional customer, the ETP Holder shall make
reasonable efforts to obtain information concerning
the customer’s financial status, tax status,
investment objectives, and any other information
that they believe would be useful to make a
recommendation.
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during the Opening and Late Trading
Sessions when an updated Intraday
Indicative Value and Underlying Index
value will not be calculated or publicly
disseminated; (4) how information
regarding the Intraday Indicative Value
is disseminated; (5) the requirement that
ETP Holders deliver a Prospectus to
investors purchasing newly issued
Shares prior to or concurrently with the
confirmation of a transaction; and (6)
trading information. In addition, the
Bulletin will reference that the Fund is
subject to various fees and expenses
described in the Registration
Statement,33 discuss any exemptive, noaction, and/or interpretive relief granted
by the Commission from any rules
under the Act, and disclose that the
NAV for the Shares will be calculated
after 4 p.m. ET each trading day.
This order is based on the Exchange’s
representations.
The Commission finds good cause for
approving this proposal before the
thirtieth day after the publication of
notice thereof in the Federal Register.
As referenced above, the Commission
notes that the Fund Shares are currently
trading on the Exchange pursuant to
UTP 34 and are substantially similar in
structure, operation, and function to the
shares of other HealthSharesTM
exchange-traded funds, the shares of
which are currently listed and trading
on the Exchange pursuant to Rule 19b–
4(e) under the Act.35 In addition, the
Commission notes that it has previously
approved the listing and trading of
derivative securities products based on
indices that were composed of stocks
that did not meet certain quantitative
generic listing criteria by similar
amounts.36 Although the Fund Shares
do not meet the initial listing
requirement of Commentary .01 to
NYSE Arca Equities Rule 5.2(j)(3) and
therefore cannot be listed pursuant to
Rule 19b–4(e),37 the Commission
believes that the Shares are substantially
similar to the other HealthSharesTM
trading on the Exchange and notes that
the Shares would otherwise comply
with all other generic listing
requirements under NYSE Arca Equities
Rule 5.2(j)(3).38 The Commission also
notes that the continued listing
standards under NYSE Arca Equities
Rule 5.5(g)(2) applicable to Investment
Company Units would apply to the
Fund Shares. The listing and trading of
the Shares do not appear to present any
33 See
supra note 8.
supra note 5.
35 See supra note 17.
36 See supra note 16.
37 See supra note 6.
38 See id.
34 See
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Frm 00093
Fmt 4703
new or significant regulatory concerns.
Therefore, the Commission believes that
accelerating approval of this proposal
would allow the Shares to trade on the
Exchange without undue delay and
should generate additional competition
in the market for such products.
V. Conclusion
It is therefore ordered, pursuant to
Section 19(b)(2) of the Act,39 that the
proposed rule change (SR–NYSEArca–
2007–111) be, and it hereby is, approved
on an accelerated basis.
For the Commission, by the Division of
Market Regulation, pursuant to delegated
authority.40
Nancy M. Morris,
Secretary.
[FR Doc. E7–21276 Filed 10–29–07; 8:45 am]
BILLING CODE 8011–01–P
DEPARTMENT OF STATE
[Public Notice 5975]
Presidential Permits Concerning
Pipeline Facilities on the International
Boundaries of the United States
ACTION:
Section 1(a) of Executive Order 13337,
of April 30, 2004, designates and
empowers the Secretary of State to
‘‘receive all applications for Presidential
permits, as referred to in Executive
Order 11423, as amended, for the
construction, connection, operation, or
maintenance, at the borders of the
United States, of facilities for the
exportation or importation of petroleum,
petroleum products, coal, or other fuels
to or from a foreign country.’’
Furthermore, section 1(a) of Executive
Order 11423 designates and empowers
the Secretary of State to receive ‘‘all
applications for permits for the
construction, connection, operation, or
maintenance, at the borders of the
United States, of: (i) Pipelines, conveyor
belts, and similar facilities for the
exportation or importation of all
products, except those specified section
1(a) of [Executive Order 13337] to or
from a foreign country; (ii) facilities for
the exportation or importation of water
or sewage to or from a foreign
country* * *’’ This authority is subject
to certain exceptions with respect to
facilities covered by Executive Order
10485 of September 3, 1953 (concerning
electric power and natural gas facilities),
and Executive Order 10530 of May 10,
39 15
40 17
Sfmt 4703
Department of State.
Notice.
AGENCY:
E:\FR\FM\30OCN1.SGM
U.S.C. 78s(b)(2).
CFR 200.30–3(a)(12).
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sroberts on PROD1PC70 with NOTICES
Federal Register / Vol. 72, No. 209 / Tuesday, October 30, 2007 / Notices
1954 (concerning submarine cables).
section 2(b) of Executive Order 11423
and section 3(b) of Executive Order
13337 authorizes the Secretary of State
to issue such further rules and
regulations and to prescribe such further
procedures as may from time to time be
deemed necessary or desirable for the
exercise of the authority conferred by
the Executive Orders.
As noted in the preamble to Executive
Order 11423, it is desirable to provide
a systematic method of evaluation in
connection with the issuance of
Presidential permits. Moreover,
Executive Order 13212 instructs federal
agencies to expedite their review of
permits for energy related projects or
take other actions as necessary to
accelerate the completion of such
projects, while maintaining safety,
public health, and environmental
protections. Therefore, in accordance
with Executive Orders 11423 and 13337
and in furtherance of this foreign affairs
function, the Department of State plans
to assemble an interagency working
group, consisting of relevant State
Department personnel and personnel
from other interested federal agencies,
to develop guidance regarding a
definition of ‘‘U.S. facilities at the
borders of the United States for the
exportation or importation of petroleum,
petroleum products, coal, or other
fuels’’ for purposes of Presidential
permits issued under Executive Order
13337, and ‘‘construction, connection,
operation, or maintenance, at the
borders of the United States, of facilities
for the exportation or importation of
water or sewage to or from a foreign
country’’ for purposes of Presidential
permits under Executive Order 11423.
The Department intends to focus in
particular on what portion of an
international pipeline should be
considered to constitute ‘‘facilities at the
borders of the United States’’ for these
purposes. The Department is also
considering whether to apply this
definition to all pending and future
applications for Presidential permits
under section 1(a) of Executive Order
13337 and section 1(a)(i)–(ii) of
Executive Order 11423, both for new
pipeline proposals and for
modifications to or transfers of
previously-permitted pipeline facilities.
(In considering this change, the
Department does not intend to issue a
new or amended Presidential permit
with respect to a previously-permitted
pipeline facility, where the application
is submitted solely for the purpose of
limiting the definition of ‘‘U.S.
facilities’’ in the existing permit).
Establishing a consistent definition is
expected to aid permit applicants to
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20:46 Oct 29, 2007
Jkt 214001
prepare appropriate documentation in
support of applications for Presidential
permits subject to section 1(a) of
Executive Order 13337 and section
1(a)(i)–(ii) of Executive Order 11423.
The scope of the definition would also
have implications for the scope of the
environmental review conducted by the
Department in accordance with the
National Environmental Policy Act (42
U.S.C. 4321, et. seq.), regulations issued
by the Council on Environmental
Quality (40 CFR Parts 1500–1508), and
the Department of State’s implementing
regulations (22 CFR Part 161; see, in
particular 22 CFR 161.7(c)(1)).
The Department’s final decision and
guidelines, if any, on this issue will be
published in the Federal Register.
DATES: The Department of State
welcomes public comment and invites
those who are interested in submitting
comments relative to this issue to
provide such comments on or before
November 29, 2007 to Jeff Izzo,
International Energy Commodity Policy,
Room 4843, Department of State,
Washington, DC 20520, or e-mail to
izzojr@state.gov.
FOR FURTHER INFORMATION CONTACT: Jeff
Izzo, Office of International Energy and
Commodity Policy (EEB/ESC/IEC/EPC),
Room 4843, Department of State,
Washington, DC 20520, telephone 202–
647–1291, facsimile 202–647–4037, email izzojr@state.gov.
Dated: October 23, 2007.
Stephen J. Gallogly,
Director, Office of International Energy and
Commodities Policy, Department of State.
[FR Doc. E7–21324 Filed 10–29–07; 8:45 am]
BILLING CODE 4710–07–P
DEPARTMENT OF TRANSPORTATION
Federal Motor Carrier Safety
Administration
[Docket No. FMCSA–2007–29137]
Agency Information Collections;
Extension of a Currently Approved
Collection: Transportation of
Hazardous Materials, Highway Routing
Federal Motor Carrier Safety
Administration (FMCSA), DOT.
ACTION: Notice and request for
comments.
AGENCY:
SUMMARY: In accordance with the
Paperwork Reduction Act of 1995,
FMCSA announces its plan to submit
the Information Collection Request (ICR)
described below to the Office of
Management and Budget (OMB) for
review and approval and invites public
comment. The FMCSA requests
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61417
approval to extend an existing
information collection entitled
‘‘Transportation of Hazardous Materials,
Highway Routing,’’ which requires
States and Indian tribes to identify
designated/restricted routes and
restrictions or limitations affecting how
motor carriers may transport certain
hazardous materials on the highway.
DATES: We must receive your comments
on or before December 31, 2007.
ADDRESSES: You may submit comments
bearing the Department of
Transportation (DOT) Docket
Management System (DMS) Docket
Number FMCSA Docket Number
FMCSA–2007–29137 using any of the
following methods:
• Federal eRulemaking Portal: Go to
https://www.regulations.gov. Follow the
on-line instructions for submitting
comments.
• Mail: Docket Management Facility;
U.S. Department of Transportation, 1200
New Jersey Avenue, SE., West Building,
Ground Floor, Room W12–140,
Washington, DC 20590–0001.
• Hand Delivery: West Building,
Ground Floor, Room W12–140, 1200
New Jersey Avenue, SE., Washington,
DC 20590 between 9 a.m. and 5 p.m.,
e.t., Monday through Friday, except
Federal Holidays.
• Fax: 1–202–493–2251.
Each submission must include the
Agency name and the docket number for
this Notice. Note that DOT posts all
comments received without change to
https://www.regulations.gov, including
any personal information included in a
comment. Please see the Privacy Act
heading below.
Docket: For access to the docket to
read background documents or
comments, go to https://
www.regulations.gov at any time or
Room W12–140 on the ground level of
the West Building, 1200 New Jersey
Avenue, SE., Washington, DC, between
9 a.m. and 5 p.m., Monday through
Friday, except Federal holidays. The
DMS is available 24 hours each day, 365
days each year. If you want
acknowledgement that we received your
comments, please include a selfaddressed, stamped envelope or post
card or print the acknowledgement page
that appears after submitting on-line.
Privacy Act: Anyone may search the
electronic form of all comments
received into any of our dockets by the
name of the individual submitting the
comment (or of the person signing the
comment, if submitted on behalf of an
association, business, labor union, etc.).
You may review the DOT’s complete
Privacy Act Statement in the Federal
Register on April 11, 2000 (65 FR
E:\FR\FM\30OCN1.SGM
30OCN1
Agencies
[Federal Register Volume 72, Number 209 (Tuesday, October 30, 2007)]
[Notices]
[Pages 61416-61417]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-21324]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF STATE
[Public Notice 5975]
Presidential Permits Concerning Pipeline Facilities on the
International Boundaries of the United States
AGENCY: Department of State.
ACTION: Notice.
-----------------------------------------------------------------------
Section 1(a) of Executive Order 13337, of April 30, 2004,
designates and empowers the Secretary of State to ``receive all
applications for Presidential permits, as referred to in Executive
Order 11423, as amended, for the construction, connection, operation,
or maintenance, at the borders of the United States, of facilities for
the exportation or importation of petroleum, petroleum products, coal,
or other fuels to or from a foreign country.'' Furthermore, section
1(a) of Executive Order 11423 designates and empowers the Secretary of
State to receive ``all applications for permits for the construction,
connection, operation, or maintenance, at the borders of the United
States, of: (i) Pipelines, conveyor belts, and similar facilities for
the exportation or importation of all products, except those specified
section 1(a) of [Executive Order 13337] to or from a foreign country;
(ii) facilities for the exportation or importation of water or sewage
to or from a foreign country* * *'' This authority is subject to
certain exceptions with respect to facilities covered by Executive
Order 10485 of September 3, 1953 (concerning electric power and natural
gas facilities), and Executive Order 10530 of May 10,
[[Page 61417]]
1954 (concerning submarine cables). section 2(b) of Executive Order
11423 and section 3(b) of Executive Order 13337 authorizes the
Secretary of State to issue such further rules and regulations and to
prescribe such further procedures as may from time to time be deemed
necessary or desirable for the exercise of the authority conferred by
the Executive Orders.
As noted in the preamble to Executive Order 11423, it is desirable
to provide a systematic method of evaluation in connection with the
issuance of Presidential permits. Moreover, Executive Order 13212
instructs federal agencies to expedite their review of permits for
energy related projects or take other actions as necessary to
accelerate the completion of such projects, while maintaining safety,
public health, and environmental protections. Therefore, in accordance
with Executive Orders 11423 and 13337 and in furtherance of this
foreign affairs function, the Department of State plans to assemble an
interagency working group, consisting of relevant State Department
personnel and personnel from other interested federal agencies, to
develop guidance regarding a definition of ``U.S. facilities at the
borders of the United States for the exportation or importation of
petroleum, petroleum products, coal, or other fuels'' for purposes of
Presidential permits issued under Executive Order 13337, and
``construction, connection, operation, or maintenance, at the borders
of the United States, of facilities for the exportation or importation
of water or sewage to or from a foreign country'' for purposes of
Presidential permits under Executive Order 11423.
The Department intends to focus in particular on what portion of an
international pipeline should be considered to constitute ``facilities
at the borders of the United States'' for these purposes. The
Department is also considering whether to apply this definition to all
pending and future applications for Presidential permits under section
1(a) of Executive Order 13337 and section 1(a)(i)-(ii) of Executive
Order 11423, both for new pipeline proposals and for modifications to
or transfers of previously-permitted pipeline facilities. (In
considering this change, the Department does not intend to issue a new
or amended Presidential permit with respect to a previously-permitted
pipeline facility, where the application is submitted solely for the
purpose of limiting the definition of ``U.S. facilities'' in the
existing permit).
Establishing a consistent definition is expected to aid permit
applicants to prepare appropriate documentation in support of
applications for Presidential permits subject to section 1(a) of
Executive Order 13337 and section 1(a)(i)-(ii) of Executive Order
11423. The scope of the definition would also have implications for the
scope of the environmental review conducted by the Department in
accordance with the National Environmental Policy Act (42 U.S.C. 4321,
et. seq.), regulations issued by the Council on Environmental Quality
(40 CFR Parts 1500-1508), and the Department of State's implementing
regulations (22 CFR Part 161; see, in particular 22 CFR 161.7(c)(1)).
The Department's final decision and guidelines, if any, on this
issue will be published in the Federal Register.
DATES: The Department of State welcomes public comment and invites
those who are interested in submitting comments relative to this issue
to provide such comments on or before November 29, 2007 to Jeff Izzo,
International Energy Commodity Policy, Room 4843, Department of State,
Washington, DC 20520, or e-mail to izzojr@state.gov.
FOR FURTHER INFORMATION CONTACT: Jeff Izzo, Office of International
Energy and Commodity Policy (EEB/ESC/IEC/EPC), Room 4843, Department of
State, Washington, DC 20520, telephone 202-647-1291, facsimile 202-647-
4037, e-mail izzojr@state.gov.
Dated: October 23, 2007.
Stephen J. Gallogly,
Director, Office of International Energy and Commodities Policy,
Department of State.
[FR Doc. E7-21324 Filed 10-29-07; 8:45 am]
BILLING CODE 4710-07-P