Notice of Applications for Certificates of Public Convenience and Necessity and Foreign Air Carrier Permits Filed Under Subpart B (Formerly Subpart Q) During the Week Ending July 3, 2010, 41564-41565 [2010-17360]
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Federal Register / Vol. 75, No. 136 / Friday, July 16, 2010 / Notices
System as the Federal Reserve no longer
publishes such a list.
Third, the proposed rule change
would insert the term ‘‘aggregate’’ before
exercise price throughout proposed
FINRA Rule 4210(f)(2)(H) and (f)(2)(N)
to clarify a calculation must be made in
the strategies and spreads that are noted
(i.e., offsets, reverse conversions,
butterfly spread, etc.). Finally, the
proposed rule change would make
various non-substantive changes to
reflect the formatting, presentation and
style conventions used in the
Consolidated FINRA Rulebook.
srobinson on DSKHWCL6B1PROD with NOTICES
Daily Record of Margin Requirements—
Incorporated NYSE Rule 432(a)
FINRA proposes to adopt
Incorporated NYSE Rule 432(a) (Daily
Record of Required Margin) as FINRA
Rule 4220 in substantially the form it
exists today. Incorporated NYSE Rule
432(a) sets forth the requirements for
daily recordkeeping of initial and
maintenance margin calls that are
issued pursuant to Regulation T and the
margin rules. There is no corresponding
NASD rule. FINRA believes that this is
an important requirement to heighten
FINRA’s ability to monitor members’
margin call practices. In addition,
Incorporated NYSE Rule 432(b)
prohibits a member from allowing a
customer to make a practice of satisfying
initial margin calls by the liquidation of
securities. However, this provision is
substantially similar to the provision in
proposed FINRA Rule 4210(f)(7), except
that the proposed FINRA rule provision
does not contain the exception for
omnibus accounts. Accordingly, FINRA
proposes to eliminate Incorporated
NYSE Rule 432(b) and modify
paragraph (f)(7) of FINRA Rule 4210 to
add that the prohibition on liquidations
shall not apply to any account carried
on an omnibus basis as prescribed by
Regulation T.
Required Submissions of Requests for
Extension of Time Under Regulation T
and SEC Rule 15c3–3—NASD Rule 3160
and Incorporated NYSE Rule 434
FINRA proposes to adopt NASD Rule
3160 (Extensions of Time Under
Regulation T and SEC Rule 15c3–3) as
FINRA Rule 4230 with one modification
discussed below and delete the
substantively similar Incorporated
NYSE Rule 434 (Required Submission of
Requests for Extensions of Time for
Customers). NASD Rule 3160 and
Incorporated NYSE Rule 434 set forth
requirements governing members’
requests for extensions of time, as
permitted in accordance with
Regulation T and SEC Rule 15c3–3(n).
These rules provide that when FINRA is
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the designated examining authority for
a member, requests for extensions of
time must be submitted to FINRA for
approval, in a format FINRA requires. In
addition, NASD Rule 3160 requires each
clearing member that submits
extensions of time on behalf of brokerdealers for which it clears to submit a
monthly report to FINRA that indicates
overall ratios of requested extensions of
time to total transactions that have
exceeded a percentage specified by
FINRA.14 FINRA monitors the number
of Regulation T and SEC Rule 15c3–3
extension requests for each firm to
determine whether to impose
prohibitions on further extensions of
time.15
FINRA proposes to add a provision to
proposed FINRA Rule 4230 to clarify
that for the months when no brokerdealer for which a clearing member
clears exceeds the extension of time
ratio criteria (i.e., 2%), the clearing
member must submit a report indicating
such. FINRA had previously requested
such submissions but believes the
submissions are essential to ensure
FINRA has a complete and accurate
understanding of correspondent firm
extension requests.
As stated in the notice, FINRA
represented that it will announce the
implementation date of the proposed
rule change in a Regulatory Notice to be
published no later than 90 days
following Commission approval. The
implementation date will be no later
than 180 days following Commission
approval.
III. Commission Findings
After careful consideration of the
proposal, the Commission finds that the
proposed rule change is consistent with
the requirements of the Act and the
rules and regulations thereunder
applicable to a national securities
association.16 In particular, the
Commission finds that the proposal is
consistent with Section 15A(b)(6) of the
Notice to Members 06–62 (November 2006).
FINRA would retain the reporting threshold
specified in Notice to Members 06–62 of requiring
a report for all introducing or correspondent firms
that have overall ratios of requests for extensions of
time to total transactions for the month that exceed
2%. In the event FINRA adjusts the reporting
threshold, or the limitation threshold stated in note
15 below, it would advise members of the new
parameters in a Regulatory Notice.
15 See supra note 14. FINRA will continue to
prohibit further extension of time requests for (1)
introducing or correspondent firms that exceed a
3% ratio of the number of extension of time
requests to total transactions for the month and (2)
clearing firms that exceed a 1% ratio of extension
of time requests to total transactions.
16 In approving this proposed rule change, the
Commission has considered the proposed rule’s
impact on efficiency, competition, and capital
formation. 15 U.S.C. 78c(f).
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14 See
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Sfmt 4703
Act,17 which requires, among other
things, that FINRA’s rules be designed
to prevent fraudulent and manipulative
acts and practices, to promote just and
equitable principles of trade, and, in
general, to protect investors and the
public interest. The Commission
believes the proposed rule change will
further the purposes of the Act by,
among other things, clarifying and
streamlining the margin requirements
applicable to its members, as well as
rules addressing extension of time
requests under Regulation T and
Commission Rule 15c3–3 and daily
record of required margin. The
Commission therefore believes that it is
appropriate and consistent with the Act
for FINRA to adopt FINRA Rule 4210
(Margin Requirements), FINRA Rule
4220 (Daily Record of Required Margin)
and FINRA Rule 4230 (Required
Submissions for Requests for Extensions
of Time under Regulation T and SEC
Rule 15c3–3) in the Consolidated
FINRA Rulebook.
IV. Conclusion
It is therefore ordered, pursuant to
Section 19(b)(2) of the Act,18 that the
proposed rule change (SR–FINRA–
2010–024) be, and hereby is, approved.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.19
Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010–17356 Filed 7–15–10; 8:45 am]
BILLING CODE 8010–01–P
DEPARTMENT OF TRANSPORTATION
Office of the Secretary
Notice of Applications for Certificates
of Public Convenience and Necessity
and Foreign Air Carrier Permits Filed
Under Subpart B (Formerly Subpart Q)
During the Week Ending July 3, 2010
The following Applications for
Certificates of Public Convenience and
Necessity and Foreign Air Carrier
Permits were filed under subpart B
(formerly subpart Q) of the Department
of Transportation’s Procedural
Regulations (See 14 CFR 301.201 et
seq.). The due date for Answers,
Conforming Applications, or Motions to
Modify Scope are set forth below for
each application. Following the Answer
period DOT may process the application
by expedited procedures. Such
procedures may consist of the adoption
17 15
U.S.C. 78o–3(b)(6).
U.S.C. 78s(b)(2).
19 17 CFR 200.30–3(a)(12).
18 15
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Federal Register / Vol. 75, No. 136 / Friday, July 16, 2010 / Notices
of a show-cause order, a tentative order,
or in appropriate cases a final order
without further proceedings.
Docket Number: DOT–OST–2010–
0167.
Date Filed: June 29, 2010.
Due Date for Answers, Conforming
Applications, or Motion to Modify
Scope: July 20, 2010.
Description: Application of Virgin
America Inc. requesting a certificate of
public convenience and necessity to
engage in foreign scheduled air
transportation of persons, property and
mail between the United States and
Mexico.
Docket Number: DOT–OST–2010–
0093.
Date Filed: July 28, 2010.
Due Date for Answers, Conforming
Applications, or Motion to Modify
Scope: July 19, 2010.
Description: Amendment of Open
Joint Stock Company Transaero Airlines
to its pending application for a foreign
air carrier permit to include authority to
provide scheduled foreign air
transportation of persons, property and
mail (i) from any point or points behind
the Russian Federation, via any point or
points in the Russian Federation and
intermediate points, to New York, New
York and Miami, Florida, and (ii) from
New York, New York and Miami,
Florida, to any point or points in the
Russian Federation and beyond.
Barbara J. Hairston,
Supervisory Dockets Officer, Docket
Operations, Alternate Federal Register
Liaison.
[FR Doc. 2010–17360 Filed 7–15–10; 8:45 am]
BILLING CODE 4910–9X–P
DEPARTMENT OF TRANSPORTATION
National Highway Traffic Safety
Administration
[Docket No. NHTSA–2010–0094]
Reports, Forms, and Record Keeping
Requirements
srobinson on DSKHWCL6B1PROD with NOTICES
AGENCY: National Highway Traffic
Safety Administration, DOT.
ACTION: Request for public comment on
proposed collection of information.
SUMMARY: Before a Federal agency can
collect certain information from the
public, it must receive approval from
the Office of Management and Budget
(OMB). Under procedures established
by the Paperwork Reduction Act of
1995, before seeking OMB approval,
Federal agencies must solicit public
comment on the proposed collection of
information.
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This document describes a proposed
collection of information under
regulations in 49 CFR parts 591, 592,
and 593 that pertain to the importation
of motor vehicles and items of motor
vehicle equipment that are subject to the
Federal motor vehicle safety, bumper,
and theft prevention standards.
DATES: Comments must be received on
or before September 14, 2010.
ADDRESSES: You may submit comments
[identified by DOT Docket No. NHTSA–
2010–0094] by any of the following
methods:
• Federal eRulemaking Portal: Go to
https://www.regulations.gov. Follow the
online 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 or Courier: West
Building Ground Floor, Room W12–140,
1200 New Jersey Avenue, SE., between
9 a.m. and 5 p.m. ET, Monday through
Friday, except Federal holidays.
Telephone: 1–800–647–5527.
• Fax: 202–493–2251
Instructions: All submissions must
include the agency name and docket
number for this proposed collection of
information. Note that all comments
received will be posted without change
to https://www.regulations.gov, including
any personal information provided.
Please see the Privacy Act heading
below.
Privacy Act: Anyone is able to search
the electronic form of all comments
received into any of our dockets by the
name of the individual submitting the
comment (or signing the comment, if
submitted on behalf of an association,
business, labor union, etc.). You may
review DOT’s complete Privacy Act
Statement in the Federal Register
published on April 11, 2000 (65 FR
19477–78) or you may visit https://
DocketInfo.dot.gov.
Docket: For access to the docket to
read background documents or
comments received, go to https://
www.regulations.gov and follow the
online instructions for assessing the
dockets. Alternately, you may visit in
person the Docket Management Facility
at the street address listed above.
FOR FURTHER INFORMATION CONTACT:
Coleman Sachs, Office of Vehicle Safety
Compliance (NVS–223), National
Highway Traffic Safety Administration,
West Building—4th Floor—Room W43–
481, 1200 New Jersey Avenue, SE.,
Washington, DC 20590. Mr. Sachs’
telephone number is (202) 366–3151.
Please identify the relevant collection of
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41565
information by referring to its OMB
Control Number.
SUPPLEMENTARY INFORMATION:
Prior Approval
On August 31, 2007, NHTSA
submitted to OMB a request for the
extension of the agency’s approval
(assigned OMB Control No. 2127–0002)
of the information collection that is
incident to NHTSA’s administration of
the vehicle importation regulations at 49
CFR Parts 591, 592, and 593. On
November 11, 2007, OMB notified
NHTSA that it had approved this
extension request through November 30,
2010. That approval was based on
NHTSA submissions identifying
information being collected on an
annual basis from 63,818 respondents,
expending 42,413 hours of effort, at a
cost of $1,039,756. NHTSA wishes to
file with OMB a request for that agency
to extend its approval for an additional
three years.
Changes in Program
Since the information collection
associated with NHTSA’s importation
program was last approved by OMB, no
significant changes have taken place
that impact the information collection
and the assessment of its burden on
affected members of the public. The
U.S. dollar has not gained sufficient
strength against foreign currencies to
significantly increase the volume of
vehicle imports that are subject to
NHTSA’s scrutiny. The focus of
NHTSA’s importation program is on
vehicles that were not originally
manufactured to comply with all
applicable Federal motor vehicle safety
standards (FMVSS). These vehicles
must be imported by a registered
importer (RI) under bond to ensure that
the vehicles are brought into
compliance with applicable standards
following importation. Nonconforming
vehicles are entered under Box 3 on the
HS–7 Declaration form. In calendar year
2002, 212,210 nonconforming vehicles
were imported under Box 3. Over 97
percent of those vehicles were imported
from Canada. In 2003, after the U.S.
dollar began to weaken against the
Canadian dollar, the volume of
nonconforming vehicle imports under
Box 3 was reduced by more than half,
to 97,337 vehicles. The trend
accelerated over the next five years,
with 43,648 vehicles imported under
Box 3 in 2004, 12,642 imported in 2005,
10,953 imported in 2006, 7,470
imported in 2007, and 6,311 imported
in 2008. After the U.S. dollar had gained
some strength against the Canadian
dollar, the volume of imports under Box
3 increased in 2009 to 10,752 vehicles.
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]]>Agencies
[Federal Register Volume 75, Number 136 (Friday, July 16, 2010)]
[Notices]
[Pages 41564-41565]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-17360]
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DEPARTMENT OF TRANSPORTATION
Office of the Secretary
Notice of Applications for Certificates of Public Convenience and
Necessity and Foreign Air Carrier Permits Filed Under Subpart B
(Formerly Subpart Q) During the Week Ending July 3, 2010
The following Applications for Certificates of Public Convenience
and Necessity and Foreign Air Carrier Permits were filed under subpart
B (formerly subpart Q) of the Department of Transportation's Procedural
Regulations (See 14 CFR 301.201 et seq.). The due date for Answers,
Conforming Applications, or Motions to Modify Scope are set forth below
for each application. Following the Answer period DOT may process the
application by expedited procedures. Such procedures may consist of the
adoption
[[Page 41565]]
of a show-cause order, a tentative order, or in appropriate cases a
final order without further proceedings.
Docket Number: DOT-OST-2010-0167.
Date Filed: June 29, 2010.
Due Date for Answers, Conforming Applications, or Motion to Modify
Scope: July 20, 2010.
Description: Application of Virgin America Inc. requesting a
certificate of public convenience and necessity to engage in foreign
scheduled air transportation of persons, property and mail between the
United States and Mexico.
Docket Number: DOT-OST-2010-0093.
Date Filed: July 28, 2010.
Due Date for Answers, Conforming Applications, or Motion to Modify
Scope: July 19, 2010.
Description: Amendment of Open Joint Stock Company Transaero
Airlines to its pending application for a foreign air carrier permit to
include authority to provide scheduled foreign air transportation of
persons, property and mail (i) from any point or points behind the
Russian Federation, via any point or points in the Russian Federation
and intermediate points, to New York, New York and Miami, Florida, and
(ii) from New York, New York and Miami, Florida, to any point or points
in the Russian Federation and beyond.
Barbara J. Hairston,
Supervisory Dockets Officer, Docket Operations, Alternate Federal
Register Liaison.
[FR Doc. 2010-17360 Filed 7-15-10; 8:45 am]
BILLING CODE 4910-9X-P
