Maine Disaster #ME-00011, 28850-28851 [E8-11102]
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Federal Register / Vol. 73, No. 97 / Monday, May 19, 2008 / Notices
it is designed to promote just and
equitable principles of trade, 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
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.
With respect to the proposal to apply
the initial and continued listing
standards for warrants to rights to
purchase securities, the Commission
notes that it has approved the
application of such standards to rights
with respect to the rules of another
national securities exchange.16 The
Commission believes that, in the case of
warrants or rights, as applicable, the
Exchange’s proposal to permit the
underlying security to be listed and
trading on another national securities
exchange should benefit investors by
offering additional investment options
on the Exchange for warrants and rights
and, at the same time, protect such
investors, as long as the underlying
security satisfies the applicable initial
and continued listing standards of such
other national securities exchange. The
Commission notes that, with respect to
rights listed on the Exchange and based
on an underlying security listed on
another national securities exchange,
the Exchange will halt or suspend
trading in rights when the underlying
security is halted on the relevant
national securities exchange.17 The
Commission expects that the Exchange
will also monitor on a continuous basis
the application of the continued listing
standards under proposed NYSE Arca
Equities Rule 5.5(e) as they relate to
such rights. Under proposed NYSE Arca
Equities Rule 5.5(e), if the security
underlying a series of rights or warrants
is delisted by another national securities
exchange, the Exchange must delist
such rights.
With respect to the adoption of listing
standards for Units, the Commission
notes that it has approved substantially
similar standards for other national
securities exchanges.18 The Commission
believes that, in the case of Units based
on a debt security component, the
Exchange’s proposal to permit the issuer
16 See
supra notes 6 and 7.
Commission further notes that, by virtue of
the requirement that the security underlying the
right must be listed and trading on a national
securities exchange, such security will be subject to
last-sale reporting. As a result, the Commission
expects the Exchange, and the Exchange has
committed, to halt trading in a series of rights if the
underlying security is halted on the relevant
national securities exchange.
18 See supra notes 10 and 12.
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17 The
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17:18 May 16, 2008
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of such debt component to have equity
securities listed on another national
securities exchange should benefit
investors by offering additional
investment options on the Exchange for
Units.19 The Commission notes that,
with respect to Units listed on the
Exchange, the Exchange will halt or
suspend trading in such Units when the
trading of an underlying security
component is halted. In addition, the
Commission further notes that the
Exchange will monitor on a continuous
basis the application of the continued
listing standards under NYSE Arca
Equities Rule 5.5(a) as they relate to
such Units. Lastly, under the proposed
rule, if it appears that not enough Units
will be separated to allow the
components to meet the public
distribution and aggregate market value
requirements independently or there are
other concerns, the rule makes clear that
the Exchange should consider delisting
the components or Unit. This recognizes
the fact that although the rule allows the
aggregation of Units and components for
purposes of the applicable distribution
standards, the Exchange will need to
ensure that there is some minimal level
of liquidity in each component and Unit
and should consider delisting if the
public distribution or the aggregate
market value of the components or Unit
has become so reduced as to make
continued listing on the Exchange
inadvisable. In this regard, the Exchange
will take into account the individual
distribution values and the trading
characteristics of the component or Unit
and whether it would be in the public
interest for continued trading of such
component or Unit.20
The Commission believes that the
proposal should help to promote
transparency of the Exchange rules
relating to the initial and continued
listing of rights and Units and provide
clearer guidance for members and
investors trading in such securities. As
noted above, the security components
underlying a series of rights or Units, as
applicable, will be subject to last-sale
19 In the case of Units based on a debt security
component, the Commission notes that, if a series
of equity securities of the issuer of the debt security
component is delisted on a national securities
exchange, the Exchange would be expected to halt
trading in the related Units and institute delisting
proceedings for such Units.
20 The Commission notes that minimum
distribution requirements are extremely important
to ensure, among other things, the liquidity of a
security and an active public market. The changes
being approved for meeting the distribution
standards applicable to Units and their components
recognize the unique trading characteristics and
challenges that can occur in meeting the minimum
standards during the separation period of the Units,
while containing certain protections to ensure
certain minimum standards will be met.
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reporting by virtue of being listed on the
Exchange or another national securities
exchange, and the Commission notes
that the Exchange will halt trading in
such series of rights or Units, as
applicable, if a security component
thereunder ceases to trade on the
relevant market or if such security
component is no longer subject to lastsale reporting and is delisted on a
national securities exchange. For the
foregoing reasons, the Commission
believes it is reasonable and consistent
with the Act for the Exchange to adopt
listing standards for rights and Units in
the manner described in the proposal.
IV. Conclusion
It is therefore ordered, pursuant to
Section 19(b)(2) of the Act,21 that the
proposed rule change (SR–NYSEArca–
2007–104), as modified by Amendment
No. 1 thereto, be, and it hereby is,
approved.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.22
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E8–11036 Filed 5–16–08; 8:45 am]
BILLING CODE 8010–01–P
SMALL BUSINESS ADMINISTRATION
[Disaster Declaration #11242 and #11243]
Maine Disaster #ME–00011
U.S. Small Business
Administration.
ACTION: Notice.
AGENCY:
SUMMARY: This is a Notice of the
Presidential declaration of a major
disaster for the State of Maine (FEMA–
1755–DR), dated 05/09/2008.
Incident: Severe Storms and Flooding.
Incident Period: 04/28/2008 and
continuing.
Effective Date: 05/09/2008.
Physical Loan Application Deadline
Date: 07/08/2008.
Economic Injury (EIDL) Loan
Application Deadline Date: 02/09/2009.
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
21 15
22 17
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U.S.C. 78s(b)(2).
CFR 200.30–3(a)(12).
19MYN1
Federal Register / Vol. 73, No. 97 / Monday, May 19, 2008 / Notices
President’s major disaster declaration on
05/09/2008, applications for disaster
loans may be filed at the address listed
above or other locally announced
locations.
The following areas have been
determined to be adversely affected by
the disaster:
Primary Counties (Physical Damage and
Economic Injury Loans):
Aroostook.
Contiguous Counties (Economic Injury
Loans Only):
Maine: Penobscot, Piscataquis,
Somerset, Washington.
The Interest Rates are:
For Physical Damage:
Homeowners With Credit Available Elsewhere .........................
Homeowners
Without
Credit
Available Elsewhere ..................
Businesses With Credit Available
Elsewhere .................................
Other (Including Non-Profit Organizations) With Credit Available
Elsewhere .................................
Businesses And Non-Profit Organizations Without Credit Available Elsewhere .........................
Physical Loan Application Deadline
Date: 07/11/2008.
Economic Injury (EIDL) Loan
Application Deadline Date: 02/12/2009.
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: M.
Mitravich, 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
Administrator’s disaster declaration,
applications for disaster loans may be
Percent
filed at the address listed above or other
locally announced locations.
The following areas have been
5.375
determined to be adversely affected by
2.687 the disaster:
Primary Counties:
Union.
8.000
Contiguous Counties:
Mississippi: Benton, Lafayette, Lee,
5.250
Marshall, Pontotoc, Prentiss,
Tippah.
The Interest Rates are:
For Economic Injury:
Businesses & Small Agricultural
Cooperatives Without Credit
Available Elsewhere ..................
4.000
The number assigned to this disaster
for physical damage is 112426 and for
economic injury is 112430.
(Catalog of Federal Domestic Assistance
Numbers 59002 and 59008)
Herbert L. Mitchell,
Associate Administrator for Disaster
Assistance.
[FR Doc. E8–11102 Filed 5–16–08; 8:45 am]
BILLING CODE 8025–01–P
SMALL BUSINESS ADMINISTRATION
[Disaster Declaration #11239 and #11240]
U.S. Small Business
Administration.
ACTION: Notice.
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AGENCY:
17:18 May 16, 2008
SUMMARY: This is a Notice of the
Presidential declaration of a major
disaster for Public Assistance Only for
the State of Oklahoma (FEMA–1754–
DR), dated 05/09/2008.
Incident: Severe Storms, Tornadoes,
and Flooding.
Incident Period: 04/09/2008 through
04/28/2008.
Effective Date: 05/09/2008.
Physical Loan Application Deadline
Date: 07/08/2008.
Submit completed loan
applications to: U.S. Small Business
Administration, Processing and
Disbursement Center, 14925 Kingsport
Road, Fort Worth, TX 76155.
ADDRESSES:
A.
Escobar, Office of Disaster Assistance,
U.S. Small Business Administration,
409 3rd Street, SW., Suite 6050,
Washington, DC 20416.
FOR FURTHER INFORMATION CONTACT:
SUPPLEMENTARY INFORMATION:
Primary Counties:
Adair, Caddo, Coal, Delaware,
Haskell, Hughes, Johnston, Latimer,
5.250
Logan, Love, Mayes, Mcintosh,
Muskogee, Okfuskee, Ottawa,
Pawnee, Pittsburg, Pushmataha,
4.000
Rogers, Seminole, Sequoyah,
Tillman, Wagoner.
The number assigned to this disaster
for physical damage is 11239 C and for
The Interest Rates are:
economic injury is 11240 0.
Percent
The States which received an EIDL
Declaration No. are Mississippi.
4.000
(Catalog of Federal Domestic Assistance
Numbers 59002 and 59008)
Other (Including Non-Profit Organizations) With Credit Available
Elsewhere .................................
Businesses And Non-Profit Organizations Without Credit Available Elsewhere .........................
5.250
4.000
BILLING CODE 8025–01–P
SUMMARY: This is a notice of an
Administrative declaration of a disaster
for the State of Mississippi dated 05/12/
2008.
Incident: Severe Storms and
Tornadoes.
Incident Period: 05/02/2008.
Effective Date: 05/12/2008.
VerDate Aug<31>2005
Homeowners With Credit Available Elsewhere .........................
Homeowners
Without
Credit
Available Elsewhere ..................
Businesses With Credit Available
Elsewhere .................................
Businesses & Small Agricultural
Cooperatives Without Credit
Available Elsewhere ..................
Other (Including Non-Profit Organizations) With Credit Available
Elsewhere .................................
Businesses And Non-Profit Organizations Without Credit Available Elsewhere .........................
Dated: May 12, 2008.
Steven C. Preston,
Administrator.
[FR Doc. E8–11100 Filed 5–16–08; 8:45 am]
Mississippi Disaster #MS–00019
Notice.
Notice is
hereby given that as a result of the
President’s major disaster declaration on
05/09/2008, Private Non-Profit
organizations that provide essential
Percent
services of a governmental nature may
file disaster loan applications at the
5.375 address listed above or other locally
announced locations.
2.687
The following areas have been
8.000 determined to be adversely affected by
the disaster:
4.000
Percent
ACTION:
28851
Jkt 214001
The number assigned to this disaster
for physical damage is 11244.
SMALL BUSINESS ADMINISTRATION
(Catalog of Federal Domestic Assistance
Number 59008)
[Disaster Declaration #11244]
Oklahoma Disaster #OK–00019
U.S. Small Business
Administration.
AGENCY:
PO 00000
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Fmt 4703
Sfmt 4703
Herbert L. Mitchell,
Associate Administrator for Disaster
Assistance.
[FR Doc. E8–11101 Filed 5–16–08; 8:45 am]
BILLING CODE 8025–01–P
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]]>Agencies
[Federal Register Volume 73, Number 97 (Monday, May 19, 2008)]
[Notices]
[Pages 28850-28851]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-11102]
=======================================================================
-----------------------------------------------------------------------
SMALL BUSINESS ADMINISTRATION
[Disaster Declaration 11242 and 11243]
Maine Disaster ME-00011
AGENCY: U.S. Small Business Administration.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: This is a Notice of the Presidential declaration of a major
disaster for the State of Maine (FEMA-1755-DR), dated 05/09/2008.
Incident: Severe Storms and Flooding.
Incident Period: 04/28/2008 and continuing.
Effective Date: 05/09/2008.
Physical Loan Application Deadline Date: 07/08/2008.
Economic Injury (EIDL) Loan Application Deadline Date: 02/09/2009.
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
[[Page 28851]]
President's major disaster declaration on 05/09/2008, applications for
disaster loans may be filed at the address listed above or other
locally announced locations.
The following areas have been determined to be adversely affected
by the disaster:
Primary Counties (Physical Damage and Economic Injury Loans):
Aroostook.
Contiguous Counties (Economic Injury Loans Only):
Maine: Penobscot, Piscataquis, Somerset, Washington.
The Interest Rates are:
For Physical Damage:
------------------------------------------------------------------------
Percent
------------------------------------------------------------------------
Homeowners With Credit Available Elsewhere................... 5.375
Homeowners Without Credit Available Elsewhere................ 2.687
Businesses With Credit Available Elsewhere................... 8.000
Other (Including Non-Profit Organizations) With Credit 5.250
Available Elsewhere.........................................
Businesses And Non-Profit Organizations Without Credit 4.000
Available Elsewhere.........................................
------------------------------------------------------------------------
For Economic Injury:
------------------------------------------------------------------------
Percent
------------------------------------------------------------------------
Businesses & Small Agricultural Cooperatives Without Credit 4.000
Available Elsewhere.........................................
------------------------------------------------------------------------
The number assigned to this disaster for physical damage is 112426
and for economic injury is 112430.
(Catalog of Federal Domestic Assistance Numbers 59002 and 59008)
Herbert L. Mitchell,
Associate Administrator for Disaster Assistance.
[FR Doc. E8-11102 Filed 5-16-08; 8:45 am]
BILLING CODE 8025-01-P
