National Endowment for the Arts; Arts Advisory Panel, 28845-28846 [E8-11146]
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Federal Register / Vol. 73, No. 97 / Monday, May 19, 2008 / Notices
not a toll-free number)/e-mail:
king.darrin@dol.gov.
Interested parties are encouraged to
send comments to the Office of
Information and Regulatory Affairs,
Attn: OMB Desk Officer for the
Occupational Safety and Health
Administration (OSHA), Office of
Management and Budget, Room 10235,
Washington, DC 20503, Telephone:
202–395–7316/Fax: 202–395–6974
(these are not toll-free numbers), E-mail:
OIRA_submission@omb.eop.gov within
30 days from the date of this publication
in the Federal Register. In order to
ensure the appropriate consideration,
comments should reference the OMB
Control Number (see below).
The OMB is particularly interested in
comments which:
• Evaluate whether the proposed
collection of information is necessary
for the proper performance of the
functions of the agency, including
whether the information will have
practical utility;
• Evaluate the accuracy of the
agency’s estimate of the burden of the
proposed collection of information,
including the validity of the
methodology and assumptions used;
• Enhance the quality, utility, and
clarity of the information to be
collected; and
• Minimize the burden of the
collection of information on those who
are to respond, including through the
use of appropriate automated,
electronic, mechanical, or other
technological collection techniques or
other forms of information technology,
e.g., permitting electronic submission of
responses.
Agency: Occupational Safety and
Health Administration.
Type of Review: Extension without
change of a previously approved
collection.
Title of Collection: Design of Cave-in
Protection Systems.
OMB Control Number: 1218–0137.
Agency Form Number: None.
Affected Public: Private sector—
business or other for-profit.
Estimated Number of Respondents:
10,000.
Estimated Total Annual Burden
Hours: 20,022.
Estimated Total Annual Costs Burden:
$815,400.
Description: Design of cave-in
protection systems are needed by
employers in the construction industry
and OSHA compliance officers to
ensure that cave-in protection systems
are designed, installed, and used in a
manner to protect employees
adequately. See 29 CFR 1926.552. For
additional information, see related
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notice published at 73 FR 8374 on
February 13, 2008.
Agency: Occupational Safety and
Health Administration.
Type of Review: Extension without
change of a previously approved
collection.
Title of Collection: Subpart R Steel
Erection (29 CFR 1926.750 through
1926.761).
OMB Control Number: 1218–0241.
Agency Form Number: None.
Affected Public: Private sector—
business or other for-profit.
Estimated Number of Respondents:
20,787.
Estimated Total Annual Burden
Hours: 30,339.
Estimated Total Annual Costs Burden:
$0.
Description: 29 CFR Subpart R
requires that employees exposed to fall
hazards receive specified training in the
recognition and control of fall hazards
and that employees are notified that
building materials, components, steel
structures, and fall protection
equipment are safe for specific uses. For
additional information, see related
notice published at 73 FR 8712 on
February 14, 2008.
28845
the audio recording of the proceeding,
please mute your telephone during the
meeting.
MATTERS TO BE CONSIDERED:
1. Approval of the agenda.
2. Consider and act on Board of
Directors’ response to the Inspector
General’s Semiannual Report to
Congress for the period of October 1,
2007 through March 31, 2008.
3. Consider and act on adoption of a
resolution on the selection of a new
403(b) plan administrator for LSC.
4. Public comment.
5. Consider and act on other business.
CONTACT PERSON FOR INFORMATION:
Patricia Batie, Manager of Board
Operations, at (202) 295–1500.
SPECIAL NEEDS: Upon request, meeting
notices will be made available in
alternate formats to accommodate visual
and hearing impairments. Individuals
who have a disability and need an
accommodation to attend the meeting
may notify Patricia Batie at (202) 295–
1500.
Dated: May 19, 2008.
Victor M. Fortuno,
Vice President & General Counsel.
[FR Doc. 08–1275 Filed 5–15–08; 1:00 pm]
BILLING CODE 7050–01–P
Darrin A. King,
Acting Departmental Clearance Office.
[FR Doc. E8–11126 Filed 5–16–08; 8:45 am]
BILLING CODE 4510–26–P
LEGAL SERVICES CORPORATION
Sunshine Act Meeting of the Board of
Directors
The Board of Directors
of the Legal Services Corporation will
meet on May 27, 2008 via conference
call. The meeting will begin at 2 p.m.
(EST), and continue until conclusion of
the Board’s agenda.
LOCATION: 3333 K Street, NW.,
Washington, DC 20007, 3rd Floor
Conference Center.
STATUS OF MEETING: Open. Directors will
participate by telephone conference in
such a manner as to enable interested
members of the public to hear and
identify all persons participating in the
meeting. Members of the public wishing
to observe the meeting may do so by
joining participating staff at the location
indicated above. Members of the public
wishing to listen to the meeting by
telephone should call toll-free 1–877–
319–7301 and enter 9368278 on the key
pad when prompted. To enhance the
quality of your listening experience as
well as that of others and to eliminate
background noises that interfere with
TIME AND DATE:
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NATIONAL FOUNDATION ON THE
ARTS AND THE HUMANITIES
National Endowment for the Arts; Arts
Advisory Panel
Pursuant to Section 10(a)(2) of the
Federal Advisory Committee Act (Pub.
L. 92–463), as amended, notice is hereby
given that a meeting of the Arts
Advisory Panel to the National Council
on the Arts will be held by
teleconference from the Nancy Hanks
Center, 1100 Pennsylvania Avenue,
NW., Washington, DC 20506 as follows
(ending time is approximate):
Arts Education (application review):
June 9, 2008. This meeting, from 12 p.m.
to 5:30 p.m. DST, will be closed.
The closed portions of meetings are
for the purpose of Panel review,
discussion, evaluation, and
recommendations on financial
assistance under the National
Foundation on the Arts and the
Humanities Act of 1965, as amended,
including information given in
confidence to the agency. In accordance
with the determination of the Chairman
of February 28, 2008, these sessions will
be closed to the public pursuant to
subsection (c)(6) of section 552b of Title
5, United States Code.
Further information with reference to
these meetings can be obtained from Ms.
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28846
Federal Register / Vol. 73, No. 97 / Monday, May 19, 2008 / Notices
Kathy Plowitz-Worden, Office of
Guidelines & Panel Operations, National
Endowment for the Arts, Washington,
DC 20506, or call 202/682–5691.
Dated: May 14, 2008.
Kathy Plowitz-Worden,
Panel Coordinator, Panel Operations,
National Endowment for the Arts.
[FR Doc. E8–11146 Filed 5–16–08; 8:45 am]
BILLING CODE 7537–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–57812; File No. SR–ISE–
2008–28]
Self-Regulatory Organizations;
International Securities Exchange,
LLC; Notice of Filing of Amendment
No. 1 to the Proposed Rule Change
and Order Granting Accelerated
Approval of Proposed Rule Change, As
Modified by Amendment No. 1 Thereto,
Relating to the Exposure of Public
Customer Orders
May 12, 2008.
I. Introduction
On March 18, 2008, the International
Securities Exchange, LLC (the
‘‘Exchange’’ or the ‘‘ISE’’) filed with the
Securities and Exchange Commission
(‘‘Commission’’), pursuant to Section
19(b)(1) of the Securities Exchange Act
of 1934 (‘‘Act’’),1 and Rule 19b–4
thereunder,2 a proposal to expose public
customer orders that are not executable
on the Exchange before sending an order
through the intermarket linkage system
(a ‘‘Linkage Order’’) on behalf of the
public customer. The proposed rule
change was published for comment in
the Federal Register on March 31,
2008.3 The Commission received one
comment letter regarding the proposal.4
ISE filed Amendment No. 1 to the
proposed rule change on May 7, 2008.5
1 15
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 See Securities Exchange Act Release No. 57551
(March 25, 2008), 73 FR 16917.
4 See letter from Lisa J. Fall, General Counsel,
Boston Options Exchange (‘‘BOX’’), to Nancy M.
Morris, Secretary, Commission, dated May 2, 2007
(‘‘BOX Comment’’).
5 In Partial Amendment No. 1, the Exchange: (1)
Amended the rule text to add subsection (e) to
Supplementary Material .02 to Rule 803 to state that
a ‘‘pattern or practice of submitting unrelated orders
that cause an exposure period to conclude early
will be deemed conduct inconsistent with just and
equitable principles of trade and a violation of Rule
400 and other Exchange Rules’’; and (2) confirmed
that the obligation of primary market makers under
existing Rule 803(c)(2)(ii) to address public
customer orders that are not automatically executed
because there is a better price on another exchange
includes the handling of the balance of an order
that initially receives a partial execution on the
Exchange.
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2 17
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The Commission is publishing this
notice to solicit comments on the
proposed rule change, as modified by
Amendment No. 1, from interested
persons and is simultaneously
approving the proposed rule change, as
modified by Amendment No. 1, on an
accelerated basis.
II. Description of the Proposal
As described in the proposal, the ISE
will not automatically execute a
customer’s options order when the ISE’s
best bid or offer (‘‘BBO’’) is inferior to
the national best bid or offer (‘‘NBBO’’).6
Under ISE Rule 803(c)(2)(ii), the
primary market maker (‘‘PMM’’) is
obligated to address public customer
orders that are not automatically
executed because there is a better price
on another exchange.7 Rule 803(c)
specifies that the PMM can either
execute the order or send a Linkage
Order to any other exchange displaying
the best price in an attempt to get the
better price for the public customer.8
Under the current procedure, if the
PMM does not execute the public
customer order, it sends a Linkage
Order(s) to a competing exchange(s)
even though there may be other ISE
market makers who would be willing to
execute the public customer order at the
better price.9
Under the proposal, before the PMM
sends a Linkage Order on behalf of a
public customer, the public customer
order will be exposed at the NBBO price
for a period established by the Exchange
not to exceed one second.10 During the
exposure period, Exchange market
makers may enter responses up to the
size of the order being exposed in the
regular trading increment applicable to
the option. If at the end of the exposure
period, the order is executable at the
then-current NBBO and ISE is not
quoting at the then-current NBBO, the
order will be executed against responses
that equal or better the then-current
NBBO.11 The exposure period will be
6 See
ISE Rule 714.
Exchange noted in Amendment No. 1 that
this obligation of the PMM to address these public
customer orders includes the handling of the
balance of an order that initially receives a partial
execution on ISE.
8 ISE Rules, Chapter 19 (Intermarket Linkage
Rules).
9 When a PMM sends a Linkage Order to another
exchange, it is charged the other exchange’s
execution fee.
10 The Exchange will issue a Circular to inform
members of the time period. The Exchange clarified
in Amendment No. 1 that this exposure process will
apply to the balance of an order that received a
partial execution on ISE. See supra note 7.
11 Executions will be allocated pro-rata based on
size (i.e., the percentage of the total number of
contracts available at the same price that is
7 The
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terminated if the exposed order becomes
executable on the ISE at the prevailing
NBBO or if the Exchange receives an
unrelated order that could trade against
the exposed order at the prevailing
NBBO price.12 If, after an order is
exposed, the order cannot be executed
in full on the Exchange at the thencurrent NBBO or better, and it is
marketable against the then-current
NBBO, the PMM will send a Linkage
Order on the customer’s behalf for the
balance of the order as provided in Rule
803(c)(2)(ii). If the balance of the order
is not marketable against the thencurrent NBBO, it will be placed on the
ISE book.
Immediate-or-cancel orders are
cancelled if they cannot be executed on
the ISE upon entry. Therefore, such
orders are not handled by the PMM
under Rule 803(c)(2)(ii) and will not be
exposed under this proposal.
The Commission received one
comment letter regarding the proposed
rule change.13 The commenter believes
that ISE’s proposal is not consistent
with Rule 602 of Regulation NMS
(‘‘Quote Rule’’),14 which ‘‘requires a
responsible broker-dealer to execute an
order at its quote when that order is
presented.’’ 15 Specifically, the
commenter believes that, if a PMM or
CMM is at the ISE best bid or offer on
the opposite side of the market at the
time the public customer order is
received, that public customer order has
been ‘‘presented’’ to the PMM or CMM
under the Quote Rule.16 As a result, the
commenter concludes that the proposal
is inconsistent with the Quote Rule
because it would permit public
customer orders to be executed after the
exposure period at a price or size
inferior to the price or size on ISE at
order presentment.17 The commenter
also requests clarification of the
handling of the balance of a public
customer order, a portion of which is
automatically executed on ISE at the
NBBO. In that scenario, the commenter
was unclear whether the balance of the
order would be routed as Linkage
Orders or handled under the proposed
exposure period. In this regard, ISE
represented by the size of a market maker’s
response).
12 The order will be executed against orders and
quotes on the book and responses received during
the exposure period in price priority. At the same
price, customer orders will be executed first in time
priority and then all other interest (orders, quotes
and responses) will be allocated pro-rata based on
size.
13 See BOX Comment, supra note 4.
14 17 CFR 242.602.
15 See BOX Comment, supra note 4, at 2.
16 See generally BOX Comment, supra note 4, at
2 to 6.
17 Id at 6.
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Agencies
[Federal Register Volume 73, Number 97 (Monday, May 19, 2008)]
[Notices]
[Pages 28845-28846]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-11146]
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NATIONAL FOUNDATION ON THE ARTS AND THE HUMANITIES
National Endowment for the Arts; Arts Advisory Panel
Pursuant to Section 10(a)(2) of the Federal Advisory Committee Act
(Pub. L. 92-463), as amended, notice is hereby given that a meeting of
the Arts Advisory Panel to the National Council on the Arts will be
held by teleconference from the Nancy Hanks Center, 1100 Pennsylvania
Avenue, NW., Washington, DC 20506 as follows (ending time is
approximate):
Arts Education (application review): June 9, 2008. This meeting,
from 12 p.m. to 5:30 p.m. DST, will be closed.
The closed portions of meetings are for the purpose of Panel
review, discussion, evaluation, and recommendations on financial
assistance under the National Foundation on the Arts and the Humanities
Act of 1965, as amended, including information given in confidence to
the agency. In accordance with the determination of the Chairman of
February 28, 2008, these sessions will be closed to the public pursuant
to subsection (c)(6) of section 552b of Title 5, United States Code.
Further information with reference to these meetings can be
obtained from Ms.
[[Page 28846]]
Kathy Plowitz-Worden, Office of Guidelines & Panel Operations, National
Endowment for the Arts, Washington, DC 20506, or call 202/682-5691.
Dated: May 14, 2008.
Kathy Plowitz-Worden,
Panel Coordinator, Panel Operations, National Endowment for the Arts.
[FR Doc. E8-11146 Filed 5-16-08; 8:45 am]
BILLING CODE 7537-01-P