Arkansas Disaster Number AR-00026, 74797 [E8-29115]
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Federal Register / Vol. 73, No. 237 / Tuesday, December 9, 2008 / Notices
CTA and CQ Plans,’’ and the contracts
need not be amended to cause them to
govern the receipt and use of the
Exchange’s data.343 The Exchange
maintains that because ‘‘the terms and
conditions of the CTA/CQ contracts do
not change in any way with the addition
of the Exchange’s market data * * *
there are no changes for the industry or
Commission to review.’’ 344
The Commission believes that the
Exchange may use the CTA/CQ Vendor
and Subscriber Agreements to govern
the distribution of NYSE Arca Data.345
It notes that the NYSE used the CTA
Vendor Agreement to govern the
distribution of its OpenBook and
Liquidity Quote market data
products.346 Moreover, the Exchange
represents that, following consultations
with vendors and end-users, and in
response to client demand:
[The Exchange] chose to fold itself into an
existing contract and administration system
rather than to burden clients with another set
of market data agreements and another
market data reporting system, both of which
would require clients to commit additional
legal and technical resources to support the
Exchange’s data products.347
In addition, the Exchange has
represented that it is ‘‘not imposing
restrictions on the use or display of its
data beyond those set forth’’ in the
existing CTA/CQ Vendor and Subscriber
Agreements.348 The Commission
343 NYSE
pwalker on PROD1PC71 with NOTICES
344 NYSE
Arca Response I at 3.
Arca Response I at 3 (emphasis in
original).
345 The Commission is not approving the CTA/CQ
Vendor and Subscriber Agreements, which the CTA
and CQ Plan Participants filed with the
Commission as amendments to the CTA and CQ
Plans that were effective on filing with the
Commission pursuant to Rule 608(b)(3)(iii) of
Regulation NMS (previously designated as
Exchange Act Rule 11Aa3–2(c)(3)(iii)). See, e.g.,
Securities Exchange Act Release No. 28407
(September 6, 1990), 55 FR 37276 (September 10,
1990) (File No. 4–2811) (notice of filing and
immediate effectiveness of amendments to the CTA
Plan and the CQ Plan). Rule 608(b)(3)(iii) of
Regulation NMS (previously designated as
Exchange Act Rule 11Aa3–2(c)(3)(iii)) allows a
proposed amendment to a national market system
plan to be put into effect upon filing with the
Commission if the plan sponsors designate the
proposed amendment as involving solely technical
or ministerial matters.
346 Securities Exchange Act Release Nos. 53585
(March 31, 2006), 71 FR 17934 (April 7, 2006)
(order approving File Nos. SR–NYSE–2004–43 and
NYSE–2005–32) (relating to OpenBook); and 51438
(March 28, 2005), 70 FR 17137 (April 4, 2005)
(order approving File No. SR–NYSE–2004–32)
(relating to Liquidity Quote). For the both the
OpenBook and Liquidity Quote products, the NYSE
attached to the CTA Vendor Agreement an Exhibit
C containing additional terms governing the
distribution of those products, which the
Commission specifically approved. NYSE Arca is
not including additional contract terms in the
Proposal.
347 NYSE Arca Response I at 4.
348 NYSE Arca Response I at 3.
VerDate Aug<31>2005
17:00 Dec 08, 2008
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therefore does not believe that the
Exchange is amending or adding to such
agreements.
A commenter also stated that the
Exchange has not recognized the rights
of a broker or dealer, established in
Regulation NMS, to distribute its order
information, subject to the condition
that it does so on terms that are fair and
reasonable and not unreasonably
discriminatory.349 In response, the
Exchange states that the CTA/CQ
Vendor and Subscriber Agreements do
not prohibit a broker-dealer member of
an SRO participant in a Plan from
making available to the public
information relating to the orders and
transaction reports that it provides to
the SRO participant.350 Accordingly, the
Commission believes that the Exchange
has acknowledged the rights of a broker
or dealer to distribute its market
information, subject to the requirements
of Rule 603(a) of Regulation NMS.
A commenter also stated that the
Exchange has failed to consider the
administrative burdens that the
proposal would impose, including the
need for broker-dealers to develop
system controls to track ArcaBook
access and usage.351 In response, the
Exchange represents that it has
communicated with its customers to
ensure system readiness and is using ‘‘a
long-standing, well-known, broadlyused administrative system’’ to
minimize the amount of development
effort required to meet the
administrative requirements associated
with the proposal.352 Accordingly, the
Commission believes that NYSE Arca
has reasonably addressed the
administrative requirements associated
with the Proposal.
VII. Conclusion
It is therefore ordered that the earlier
action taken by delegated authority,
Securities Exchange Act Release No.
54597 (October 12, 2006) 71 FR 62029
(October 20, 2006), is set aside and,
pursuant to section 19(b)(2) of the
Exchange Act, the Proposal (SR–
NYSEArca–2006–21) is approved.
By the Commission.
Florence E. Harmon,
Acting Secretary.
[FR Doc. E8–28908 Filed 12–8–08; 8:45 am]
BILLING CODE 8011–01–P
349 SIFMA
I at 7.
Arca Response I at 4.
351 SIFMA I at 8.
352 NYSE Arca Response I at 4–5.
350 NYSE
PO 00000
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74797
SMALL BUSINESS ADMINISTRATION
[Disaster Declaration #11514 and #11557]
Arkansas Disaster Number AR–00026
AGENCY: U.S. Small Business
Administration.
ACTION: Amendment 1.
SUMMARY: This is an amendment of the
Presidential declaration of a major
disaster for Public Assistance Only for
the State of Arkansas (FEMA–1804–DR),
dated 10/22/2008.
Incident: Tropical Storm Ike.
Incident Period: 09/13/2008 through
09/23/2008.
DATES: Effective Date: 11/28/2008.
Physical Loan Application Deadline
Date: 12/22/2008.
Economic Injury (EIDL) Loan
Application Deadline Date: 07/22/2009.
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 Private Non-Profit
organizations in the State of Arkansas,
dated 10/22/2008, is hereby amended to
include the following areas as adversely
affected by the disaster.
Primary Counties: Clark, Montgomery,
Nevada, Pike.
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. E8–29115 Filed 12–8–08; 8:45 am]
BILLING CODE 8025–01–P
SMALL BUSINESS ADMINISTRATION
[Disaster Declaration #11541 and #11542]
California Disaster Number CA–00132
AGENCY: U.S. Small Business
Administration.
ACTION: Amendment 1.
SUMMARY: This is an amendment of the
Presidential declaration of a major
disaster for the State of California
(FEMA–1810–DR), dated 11/18/2008.
Incident: Wildfires.
Incident Period: 11/13/2008 and
continuing through 11/28/2008.
E:\FR\FM\09DEN1.SGM
09DEN1
Agencies
[Federal Register Volume 73, Number 237 (Tuesday, December 9, 2008)]
[Notices]
[Page 74797]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-29115]
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SMALL BUSINESS ADMINISTRATION
[Disaster Declaration 11514 and 11557]
Arkansas Disaster Number AR-00026
AGENCY: U.S. Small Business Administration.
ACTION: Amendment 1.
-----------------------------------------------------------------------
SUMMARY: This is an amendment of the Presidential declaration of a
major disaster for Public Assistance Only for the State of Arkansas
(FEMA-1804-DR), dated 10/22/2008.
Incident: Tropical Storm Ike.
Incident Period: 09/13/2008 through 09/23/2008.
DATES: Effective Date: 11/28/2008.
Physical Loan Application Deadline Date: 12/22/2008.
Economic Injury (EIDL) Loan Application Deadline Date: 07/22/2009.
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 Private Non-Profit organizations in the State of
Arkansas, dated 10/22/2008, is hereby amended to include the following
areas as adversely affected by the disaster.
Primary Counties: Clark, Montgomery, Nevada, Pike.
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. E8-29115 Filed 12-8-08; 8:45 am]
BILLING CODE 8025-01-P