Illinois Disaster Number IL-00019, 73376 [E8-28485]
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Federal Register / Vol. 73, No. 232 / Tuesday, December 2, 2008 / Notices
jlentini on PROD1PC65 with NOTICES
that has potentially violated NYSE Arca
or Commission rules.24
• Fourth, NYSE Arca Equities Rule
14.3(e), which requires NYSE Euronext,
as the holding company owning both
NYSE Arca and Arca Securities, to
establish and maintain procedures and
internal controls reasonably designed to
ensure that Arca Securities does not
develop or implement changes to its
system, based on non-public
information obtained regarding planned
changes to the NYSE Arca systems as a
result of its affiliation with NYSE Arca,
until such information is available
generally to similarly situated members
of NYSE Arca, in connection with the
provision of inbound order routing to
NYSE Arca, will apply.25
• Fifth, NYSE Arca proposes that
routing from Arca Securities to NYSE
Arca, in Arca Securities’s capacity as a
facility of NYSE Alternext, be
authorized for a pilot period to run
concurrently with a twelve month pilot
period for NYSE Arca’s receipt of
inbound routes from Arca Securities,
which commenced on September 29,
2008.26
The Commission believes that these
conditions mitigate its concerns about
potential conflicts of interest and unfair
competitive advantage. In particular, the
Commission believes that FINRA’s
oversight of Arca Securities,27 combined
with NYSE Regulation’s monitoring of
Arca Securities’ compliance with NYSE
Arca’s trading rules and quarterly
reporting to NYSE Arca’s CRO, will help
to protect the independence of NYSE
Arca’s regulatory responsibilities with
respect to Arca Securities. Furthermore,
the Commission believes that NYSE
Arca’s proposal to allow Arca Securities
to route orders inbound to NYSE Arca
from NYSE Alternext, on a pilot basis,
will provide NYSE Arca and the
Commission an opportunity to assess
the impact of any conflicts of interest of
allowing an affiliated member of NYSE
Arca to route orders inbound to NYSE
Arca and whether such affiliation
provides an unfair competitive
advantage.
NYSE Arca has asked the Commission
to accelerate approval of the proposed
rule change. NYSE Arca states in part
that the proposed changes are ‘‘required
due to NYSE Alternext’s planned
implementation of a new trading system
and the use of Arca Securities as its
24 See
supra section II.A.1.
25 See id. See also NYSE Arca Equities Rule
14.3(e).
26 See supra note 8 and accompanying text.
27 This oversight will be accomplished through
the 17d–2 agreement between FINRA and NYSE
Arca.
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20:52 Dec 01, 2008
Jkt 217001
outbound routing facility.’’ 28 NYSE
Arca also states that accelerated
approval ‘‘will permit the Exchange to
amend its mechanisms that are designed
to address the Commission’s concerns
regarding affiliated members in time to
provide these protections at the time of
NYSE Alternext’s implementation of its
new trading system, which is targeted
for December 1, 2008.’’ 29 The
Commission finds good cause for
approving the proposed rule change
before the thirtieth day after the date of
publication of notice of filing thereof in
the Federal Register. The Commission
notes that the protections proposed by
NYSE Arca, which are designed to
address conflicts of interest concerns
identified by the Commission in
connection with the inbound routing of
orders to an exchange when the routing
broker-dealer is an affiliate of that
exchange, are substantially the same as
the conditions the Exchange currently
has in place to address inbound routing
from NYSE, which were previously
approved by the Commission.30 The
Commission also notes that no
comments were received in connection
with SR–NYSEArca–2008–90.
Accordingly, the Commission finds
good cause, consistent with Section
19(b)(2) of the Act,31 to approve the
proposed rule change on an accelerated
basis for a pilot period expiring
September 29, 2009.
V. Conclusion
It is therefore ordered, pursuant to
Section 19(b)(2) of the Act, that the
proposed rule change (SR–NYSEArca–
2008–130) is hereby approved on an
accelerated basis for a pilot period to
expire on September 29, 2009.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.32
Jill M. Peterson,
Assistant Secretary.
[FR Doc. E8–28530 Filed 12–1–08; 8:45 am]
BILLING CODE 8011–01–P
SMALL BUSINESS ADMINISTRATION
[Disaster Declaration # 11469 and # 11470]
Illinois Disaster Number IL–00019
U.S. Small Business
Administration.
ACTION: Amendment 4.
AGENCY:
SUMMARY: This is an amendment of the
Presidential declaration of a major
disaster for the State of Illinois (FEMA–
1800–DR), dated 10/03/2008.
Incident: Severe Storms and Flooding.
Incident Period: 09/13/2008 through
10/05/2008.
Effective Date: 11/19/2008.
Physical Loan Application Deadline
Date: 12/16/2008.
EIDL Loan Application Deadline Date:
07/03/2009.
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: The notice
of the President’s major disaster
declaration for the State of Illinois,
dated 10/03/2008 is hereby amended to
extend the deadline for filing
applications for physical damages as a
result of this disaster to 12/16/2008.
All other information in the original
declaration remains unchanged.
(Catalog of Federal Domestic Assistance
Numbers 59002 and 59008)
Herbert L. Mitchell,
Associate Administrator for Disaster
Assistance.
[FR Doc. E8–28485 Filed 12–1–08; 8:45 am]
BILLING CODE 8025–01–P
SMALL BUSINESS ADMINISTRATION
[Disaster Declaration # 11488]
Texas Disaster Number TX–00312
U.S. Small Business
Administration.
ACTION: Amendment 3.
AGENCY:
28 See
SR–NYSEArca–2008–130, Item 7.
29 Id.
30 See Securities Exchange Act Release No. 58681,
supra note 3. See also Securities Exchange Act
Release Nos. 58673, supra note 5, and 58680, supra
note 18 (establishing similar protections for
inbound routing from Arca Securities to Alternext
and the NYSE, respectively).
31 15 U.S.C. 78s(b)(2).
32 17 CFR 200.30–3(a)(12).
PO 00000
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SUMMARY: This is an amendment of the
Presidential declaration of a major
disaster for Public Assistance Only for
the State of Texas (FEMA–1791–DR),
dated 09/13/2008.
Incident: Hurricane Ike.
Incident Period: 09/07/2008 through
10/02/2008.
EFFECTIVE DATE: 11/21/2008.
E:\FR\FM\02DEN1.SGM
02DEN1
]]>Agencies
[Federal Register Volume 73, Number 232 (Tuesday, December 2, 2008)]
[Notices]
[Page 73376]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-28485]
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SMALL BUSINESS ADMINISTRATION
[Disaster Declaration 11469 and 11470]
Illinois Disaster Number IL-00019
AGENCY: U.S. Small Business Administration.
ACTION: Amendment 4.
-----------------------------------------------------------------------
SUMMARY: This is an amendment of the Presidential declaration of a
major disaster for the State of Illinois (FEMA-1800-DR), dated 10/03/
2008.
Incident: Severe Storms and Flooding.
Incident Period: 09/13/2008 through 10/05/2008.
Effective Date: 11/19/2008.
Physical Loan Application Deadline Date: 12/16/2008.
EIDL Loan Application Deadline Date: 07/03/2009.
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: The notice of the President's major disaster
declaration for the State of Illinois, dated 10/03/2008 is hereby
amended to extend the deadline for filing applications for physical
damages as a result of this disaster to 12/16/2008.
All other information in the original declaration remains
unchanged.
(Catalog of Federal Domestic Assistance Numbers 59002 and 59008)
Herbert L. Mitchell,
Associate Administrator for Disaster Assistance.
[FR Doc. E8-28485 Filed 12-1-08; 8:45 am]
BILLING CODE 8025-01-P
