List of Rules To Be Reviewed Pursuant to the Regulatory Flexibility Act, 55295-55297 [2010-22574]

Download as PDF Federal Register / Vol. 75, No. 175 / Friday, September 10, 2010 / Proposed Rules WReier-Aviles on DSKGBLS3C1PROD with PROPOSALS A final comment was received from a State egg association. While the commenter declined to comment on whether the assessment should be increased, the commenter wrote in favor of AEB’s programs. The commenter also suggested increasing support funding at the State level for promotion activities. As previously discussed, this would be up to producer members of the AEB to determine. In addition, the commenter suggested changes concerning board membership that are outside the scope of the proposed rule. The Act provides that AEB may recommend an increased assessment rate to the Secretary. In accordance with the provisions of the Act, AEB has done so, and the assessment increase provided for herein will be subject to a referendum vote. The proposed rule published on September 25, 2009, stated that producers owning 75,000 or fewer laying hens were exempt and ineligible to vote, as producers owning 75,000 or fewer laying hens are eligible to receive an exemption. However, § 1250.530 of the regulations provide that, to obtain an exemption, producers must file an exemption statement with their collecting handler(s) and provide a copy to AEB. Producers who would qualify for an exemption but who are not certified for exemption and who pay assessments are not exempt and therefore eligible to vote in the referendum. The referendum order so states. Referendum Order It is hereby directed that a referendum be conducted among eligible egg producers to determine whether such producers favor the assessment increase. The procedure applicable to the referendum shall be the procedure for the conduct of referenda in connection with the Egg Research and Promotion Order (7 CFR 1250.200) as published in this issue of the Federal Register. The referendum period shall be from October 29 through November 19, 2010. For the purpose of determining voter eligibility, the representative period is the period January 1 through December 31, 2009. Producers engaged in commercial egg production are eligible to vote in the referendum if they (a) owned more than 75,000 laying hens during that period, or (b) owned 75,000 or fewer laying hens, are not certified as exempt producers, and paid assessments. For the increase to be approved, it must be approved or favored by at least two-thirds of the producers voting in the referendum, or a majority of such VerDate Mar<15>2010 12:51 Sep 09, 2010 Jkt 220001 producers if they represent at least twothirds of the commercial eggs produced by those voting. The agents of the Secretary to conduct such referendum are hereby designated to be Angela C. Snyder and Sara D. Lutton, Research and Promotion; Standards, Promotion & Technology Branch; Poultry Programs, AMS, USDA; 1400 Independence Avenue, SW., Room 3932–S Stop 0256; Washington, DC 20250–20549; telephone (202) 720– 4476; fax (202) 720–2930, or e-mail at Angie.Snyder@ams.usda.gov. The agent may appoint subagents to assist in performing duties related to the referendum. Ballots, instructions, eligibility requirements, and other information pertinent to the referendum will be mailed to all known eligible egg producers. If any eligible voter does not receive a ballot by the beginning date of the referendum period, such individual may obtain a ballot from the address provided in the information contact section of this rule. Single copies of the complete text of the proposed amendments to the Egg Research and Promotion Order and Rules and Regulations may also be obtained from this address. List of Subjects in 7 CFR Part 1250 Administrative practice and procedure, Advertising, Agricultural research, Eggs and egg products, Reporting and recordkeeping requirements. For the reasons set forth in the preamble 7 CFR part 1250 is proposed to be amended as follows: PART 1250—EGG RESEARCH AND PROMOTION 1. The authority citation of 7 CFR part 1250 continues to read as follows: Authority: 7 U.S.C. 2701–2718 and 7 U.S.C. 7401. 2. Section 1250.347 is revised to read as follows: § 1250.347 Assessments. Each handler designated in § 1250.349 and pursuant to regulations issued by the Board shall collect from each producer, except for those producers specifically exempted in § 1250.348, and shall pay to the Board at such times and in such manner as prescribed by regulations issued by the Board an assessment at a rate of 15 cents per 30dozen case of eggs, or the equivalent thereof, for such expenses and expenditures, including provisions for a reasonable reserve and those administrative costs incurred by the PO 00000 Frm 00006 Fmt 4702 Sfmt 4702 55295 Department of Agriculture after this subpart is effective, as the Secretary finds are reasonable and likely to be incurred by the Board and the Secretary under this subpart, except that no more than one such assessment shall be made on any case of eggs. The assessment rate shall not exceed 20 cents per case (or the equivalent of a case) of commercial eggs. 3. In section 1250.514, the first sentence is revised to read as follows: § 1250.514 Levy of assessments. An assessment rate of 15 cents per case of commercial eggs is levied on each case of commercial eggs handled for the account of each producer. * * * Dated: September 3, 2010. David R. Shipman, Acting Administrator, Agricultural Marketing Service. [FR Doc. 2010–22643 Filed 9–9–10; 8:45 am] BILLING CODE 3410–02–P SECURITIES AND EXCHANGE COMMISSION 17 CFR Chapter II [Release Nos. 33–9138, 34–62841, 39–2470, IA–3078, IC–29408; File No. S7–20–10] List of Rules To Be Reviewed Pursuant to the Regulatory Flexibility Act Securities and Exchange Commission. ACTION: Publication of list of rules scheduled for review. AGENCY: The Securities and Exchange Commission is today publishing a list of rules to be reviewed pursuant to Section 610 of the Regulatory Flexibility Act. The list is published to provide the public with notice that these rules are scheduled for review by the agency and to invite public comment on them. DATES: Comments should be submitted by December 15, 2010. ADDRESSES: Comments may be submitted by any of the following methods: SUMMARY: Electronic Comments • Use the Commission’s Internet comment form (https://www.sec.gov/ rules/other.shtml); or • Send an e-mail to rulecomments@sec.gov. Please include File Number S7–20–10 on the subject line; or • Use the Federal eRulemaking Portal (https://www.regulations.gov). Follow the instructions for submitting comments. E:\FR\FM\10SEP1.SGM 10SEP1 WReier-Aviles on DSKGBLS3C1PROD with PROPOSALS 55296 Federal Register / Vol. 75, No. 175 / Friday, September 10, 2010 / Proposed Rules Paper Comments • Send paper comments in triplicate to Elizabeth M. Murphy, Secretary, Securities and Exchange Commission, 100 F Street, NE., Washington, DC 20549–1090. All submissions should refer to File No. S7–20–10. This file number should be included on the subject line if e-mail is used. To help us process and review your comments more efficiently, please use only one method. The Commission will post all comments on the Commission’s Internet Web site (https:// www.sec.gov/rules/other.shtml). Comments also are available for Web site viewing and printing in the Commission’s Public Reference Room, 100 F Street, NE., Washington, DC 20549, on official business days between the hours of 10 a.m. and 3 p.m. All comments received will be posted without change; we do not edit personal identifying information from submissions. You should submit only information that you wish to make available publicly. FOR FURTHER INFORMATION CONTACT: Anne Sullivan, Office of the General Counsel, 202–551–5019. SUPPLEMENTARY INFORMATION: The Regulatory Flexibility Act (‘‘RFA’’), codified at 5 U.S.C. 600–611, requires an agency to review its rules that have a significant economic impact upon a substantial number of small entities within ten years of the publication of such rules as final rules. 5 U.S.C. 610(a). The purpose of the review is ‘‘to determine whether such rules should be continued without change, or should be amended or rescinded * * * to minimize any significant economic impact of the rules upon a substantial number of such small entities.’’ 5 U.S.C. 610(a). The RFA sets forth specific considerations that must be addressed in the review of each rule: • The continued need for the rule; • The nature of complaints or comments received concerning the rule from the public; • The complexity of the rule; • The extent to which the rule overlaps, duplicates or conflicts with other federal rules, and, to the extent feasible, with state and local governmental rules; and • The length of time since the rule has been evaluated or the degree to which technology, economic conditions, or other factors have changed in the area affected by the rule. 5 U.S.C. 610(c). The Securities and Exchange Commission, as a matter of policy, reviews all final rules that it published for notice and comment to assess not VerDate Mar<15>2010 12:51 Sep 09, 2010 Jkt 220001 only their continued compliance with the RFA, but also to assess generally their continued utility. The list below is therefore broader than that required by the RFA, and may include rules that do not have a significant economic impact on a substantial number of small entities. Where the Commission has previously made a determination of a rule’s impact on small businesses, the determination is noted on the list. The Commission particularly solicits public comment on whether the rules listed below affect small businesses in new or different ways than when they were first adopted. The rules and forms listed below are scheduled for review by staff of the Commission during the next twelve months. The list includes rules from 1999. When the Commission implemented the Act in 1980, it stated that it ‘‘intend[ed] to conduct a broader review [than that required by the RFA], with a view to identifying those rules in need of modification or even rescission.’’ Securities Act Release No. 6302 (Mar. 20, 1981), 46 FR 19251 (Mar. 30, 1981). The rules are grouped according to which Division or Office of the Commission recommended their adoption. Rules and Forms Division of Corporation Finance Title: Regulation of Takeovers and Security Holder Communications. Citation: 17 CFR 229.1000–1016, 17 CFR 230.162, 17 CFR 230.165, 17 CFR 230.166, 17 CFR 230.425, 17 CFR 240.13e–4, 17 CFR 240.13e–100, 17 CFR 240.14d–11, 17 CFR 240.14e–5, 17 CFR 240.14e–8. Authority: 15 U.S.C. 77a et seq., 15 U.S.C. 78a et seq. Description: These rules and regulations apply to takeover transactions (including tender offers, mergers, acquisitions and similar extraordinary transactions). They also permit increased communications with security holders and the markets, balance the treatment of cash and stock tender offers, simplify and centralize disclosure requirements, and eliminate regulatory inconsistencies in mergers and tender offers. Prior Commission Determination Under 5 U.S.C. 601: A Final Regulatory Flexibility Analysis was prepared in accordance with 5 U.S.C. 604 in conjunction with the adoption of Release No. 33–7760, approved by the Commission on October 22, 1999, which adopted Regulation M–A and the related rules and revisions. Comments to the proposing release were considered at that time. The Commission received no PO 00000 Frm 00007 Fmt 4702 Sfmt 4702 comments on the Initial Regulatory Flexibility Analysis. * * * * * Title: Cross-Border Tender and Exchange Offers, Business Combinations and Rights Offerings. Citation: 17 CFR 230.800–802, 17 CFR 260.4d–10. Authority: 15 U.S.C. 77a et seq., 15 U.S.C. 78a et seq. Description: These rules provide tender offer and Securities Act registration exemptions for cross-border tender and exchange offers, business combinations and rights offerings relating to the securities of foreign companies. Prior Commission Determination Under 5 U.S.C. 601: A Final Regulatory Flexibility Analysis was prepared in accordance with 5 U.S.C. 604 in conjunction with the adoption of Release No. 33–7759, approved by the Commission on October 22, 1999, which adopted Securities Act Rules 800 through 802 and Trust Indenture Act Rule 4d–10. Comments to the proposing release were considered at that time. The Commission received no comments on the Initial Regulatory Flexibility Analysis. * * * * * Title: International Disclosure Standards. Citation: 17 CFR 210.3–01, 17 CFR 210.3–20, 239.36. Authority: 15 U.S.C. 77a et seq., 15 U.S.C. 78a et seq. Description: These rules revise disclosure requirements to conform to the international disclosure standards endorsed by the International Organization of Securities Commissions in September 1998. Prior Commission Determination Under 5 U.S.C. 601: Pursuant to the Regulatory Flexibility Act (15 U.S.C. 605(b)), the Chairman of the Commission certified at the proposal stage on February 2, 1999 that the revisions to rules and forms would not have a significant economic impact on a substantial number of small entities. The Commission received no comments specifically addressing the certification. * * * * * Title: Audit Committee Disclosure. Citation: 17 CFR 210.10–01. Authority: 15 U.S.C. 77a et seq., 15 U.S.C. 78a et seq. Description: This rule requires that companies’ independent auditors review the companies’ financial information included in the companies’ quarterly reports prior to the filing of these reports. Prior Commission Determination Under 5 U.S.C. 601: A Final Regulatory E:\FR\FM\10SEP1.SGM 10SEP1 Federal Register / Vol. 75, No. 175 / Friday, September 10, 2010 / Proposed Rules Flexibility Analysis was prepared in accordance with 5 U.S.C. 604 in conjunction with the adoption of Release No. 34–42266, approved by the Commission on December 22, 1999, which adopted Rule 10–01 of Regulation S–X under the Securities Act of 1933 and the Securities Exchange Act of 1934. Comments to the proposing release and Initial Regulatory Flexibility Analysis were considered at that time. * * * * * WReier-Aviles on DSKGBLS3C1PROD with PROPOSALS Rules and Forms Administered by the Division of Investment Management Title: Rule 17j–1. Citation: 17 CFR 270.17j–1. Authority: 15 U.S.C. 80a–1 et seq., 80a–17(j), 80a–37(a). Description: Rule 17j–1 under the Investment Company Act of 1940 (‘‘Act’’) prohibits fraudulent, deceptive or manipulative acts by persons affiliated with a registered investment company (‘‘fund’’) or with the fund’s investment adviser or principal underwriter in connection with their personal securities transactions in securities held or to be acquired by the fund. The rule requires 17j–1 organizations to adopt codes of ethics reasonably designed to prevent fraud and requires fund personnel to report their personal securities transactions to their 17j–1 organization. Prior Commission Determination Under 5 U.S.C. 601: A Final Regulatory Flexibility Analysis was prepared in accordance with 5 U.S.C. 604 in conjunction with the adoption of Release No. IC–23958, which was approved by the Commission on Aug. 20, 1999. Comments to the proposing release and any comments to the Initial Regulatory Flexibility Analysis were considered at that time. * * * * * Title: Rule 154. Citation: 17 CFR 230.154. Authority: 15 U.S.C. 77a et seq. Description: Rule 154 under the Securities Act of 1933 permits an issuer or broker-dealer that has an obligation to deliver a prospectus to multiple persons at a single address to satisfy that obligation by delivering a single prospectus, subject to certain conditions. Prior Commission Determination Under 5 U.S.C. 601: A Final Regulatory Flexibility Analysis was prepared in accordance with 5 U.S.C. 604 in conjunction with the adoption of Release No. IC–24123, which was approved by the Commission on November 4, 1999. Comments to the proposing release and any comments to VerDate Mar<15>2010 12:51 Sep 09, 2010 Jkt 220001 the Initial Regulatory Flexibility Analysis were considered at that time. * * * * * Rules and Forms Administered by the Division of Trading and Markets Title: Rule 10b–18. Citation: 17 CFR 240.10b–18. Authority: 15 U.S.C. 78b, 78c, 78i(a)(6), 78j(b), 78m(e), 78o(c) and 78w(a). Description: Rule 10b–18 under the Securities Exchange Act of 1934 Rule 10b–18 provides a ‘‘safe harbor’’ from liability for manipulation under Sections 9(a)(2) and 10(b) of the Exchange Act, and Rule 10b–5 thereunder, when an issuer or affiliated purchaser of the issuer bids for or buys shares of its common stock in compliance with the Rule’s conditions. Prior Commission Determination Under 5 U.S.C. 601: A Final Regulatory Flexibility Analysis was prepared in accordance with 5 U.S.C. 604 in conjunction with the adoption of Release No. 34–41905, which was approved by the Commission on Sept. 23, 1999. Comments to the proposing release and any comments to the Initial Regulatory Flexibility Analysis were considered at that time. * * * * * Title: Rules 15b3–1, 15Ba2–2, and 15Ca2–1. Citation: 17 CFR 240.15b3–1, 240.15Ba2–2, and 240.15Ca2–1. Authority: 15 U.S.C. 78o(a), 78o(b), 78o–4(a)(2), 78o–5(a)(2), and 78w(a). Description: Rule 15b3–1 under the Securities Exchange Act of 1934 governs amendments to applications for registration as a broker or a dealer. Rule 15Ba2–2 under the Securities Exchange Act of 1934 governs applications for registration of non-bank municipal securities dealers whose business is exclusively intrastate. Rule 15Ca2–1 under the Securities Exchange Act of 1934 governs applications for registrations as a government securities broker or government securities dealer. Prior Commission Determination Under 5 U.S.C. 601: A Final Regulatory Flexibility Analysis was prepared in accordance with 5 U.S.C. 604 in conjunction with the adoption of Release No. 34–41594, which was approved by the Commission on July 2, 1999. Comments to the proposing release and any comments to the Initial Regulatory Flexibility Analysis were considered at that time. By the Commission. PO 00000 Frm 00008 Fmt 4702 Sfmt 4702 55297 Dated: September 3, 2010. Elizabeth M. Murphy, Secretary. [FR Doc. 2010–22574 Filed 9–9–10; 8:45 am] BILLING CODE 8010–01–P FEDERAL COMMUNICATIONS COMMISSION 47 CFR Chapter I [GN Docket No. 09–191; WC Docket No. 07–52; DA 10–1667] Further Inquiry Into Two UnderDeveloped Issues in the Open Internet Proceeding Federal Communications Commission. ACTION: Proposed rule. AGENCY: In this document, the Commission’s Wireline Competition and Wireless Telecommunications Bureaus (collectively, the Bureaus) seek comment on two issues in the open Internet proceeding that merit further development. The first issue is the relationship between open Internet protections and services that are provided over the same last-mile facilities as broadband Internet access service (commonly called ‘‘managed’’ or ‘‘specialized’’ services). The second is the application of open Internet rules to mobile wireless Internet access services, which have unique characteristics related to technology, associated application and device markets, and consumer usage. The intended effect is to develop a more detailed record in the Open Internet proceeding. DATES: Comments are due on or before October 12, 2010 and reply comments are due on or before November 4, 2010. ADDRESSES: You may submit comments, identified by GN Docket No. 09–191 and WC Docket No. 07–52, by any of the following methods: • Federal Communications Commission’s Web Site: https:// www.fcc.gov/cgb/ecfs/. Follow the instructions for submitting comments. • E-mail ecfs@fcc.gov, and include the following words in the body of the message: ‘‘get form.’’ A sample form and directions will be sent in response. Include the docket numbers in the subject line of the message. • Mail: Secretary, Federal Communications Commission, 445 12th Street, SW., Washington, DC 20554. • Hand Delivery/Courier: Secretary, Federal Communications Commission, 445 12th Street, SW., Washington, DC 20554. • Commercial overnight mail (other than U.S. Postal Service Express Mail SUMMARY: E:\FR\FM\10SEP1.SGM 10SEP1

Agencies

[Federal Register Volume 75, Number 175 (Friday, September 10, 2010)]
[Proposed Rules]
[Pages 55295-55297]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-22574]


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SECURITIES AND EXCHANGE COMMISSION

17 CFR Chapter II

[Release Nos. 33-9138, 34-62841, 39-2470, IA-3078, IC-29408; File No. 
S7-20-10]


List of Rules To Be Reviewed Pursuant to the Regulatory 
Flexibility Act

AGENCY: Securities and Exchange Commission.

ACTION: Publication of list of rules scheduled for review.

-----------------------------------------------------------------------

SUMMARY: The Securities and Exchange Commission is today publishing a 
list of rules to be reviewed pursuant to Section 610 of the Regulatory 
Flexibility Act. The list is published to provide the public with 
notice that these rules are scheduled for review by the agency and to 
invite public comment on them.

DATES: Comments should be submitted by December 15, 2010.

ADDRESSES: Comments may be submitted by any of the following methods:

Electronic Comments

     Use the Commission's Internet comment form (https://www.sec.gov/rules/other.shtml); or
     Send an e-mail to rule-comments@sec.gov. Please include 
File Number S7-20-10 on the subject line; or
     Use the Federal eRulemaking Portal (https://www.regulations.gov). Follow the instructions for submitting comments.

[[Page 55296]]

Paper Comments

     Send paper comments in triplicate to Elizabeth M. Murphy, 
Secretary, Securities and Exchange Commission, 100 F Street, NE., 
Washington, DC 20549-1090.

All submissions should refer to File No. S7-20-10. This file number 
should be included on the subject line if e-mail is used. To help us 
process and review your comments more efficiently, please use only one 
method. The Commission will post all comments on the Commission's 
Internet Web site (https://www.sec.gov/rules/other.shtml). Comments also 
are available for Web site viewing and printing in the Commission's 
Public Reference Room, 100 F Street, NE., Washington, DC 20549, on 
official business days between the hours of 10 a.m. and 3 p.m. All 
comments received will be posted without change; we do not edit 
personal identifying information from submissions. You should submit 
only information that you wish to make available publicly.

FOR FURTHER INFORMATION CONTACT: Anne Sullivan, Office of the General 
Counsel, 202-551-5019.

SUPPLEMENTARY INFORMATION: The Regulatory Flexibility Act (``RFA''), 
codified at 5 U.S.C. 600-611, requires an agency to review its rules 
that have a significant economic impact upon a substantial number of 
small entities within ten years of the publication of such rules as 
final rules. 5 U.S.C. 610(a). The purpose of the review is ``to 
determine whether such rules should be continued without change, or 
should be amended or rescinded * * * to minimize any significant 
economic impact of the rules upon a substantial number of such small 
entities.'' 5 U.S.C. 610(a).
    The RFA sets forth specific considerations that must be addressed 
in the review of each rule:
     The continued need for the rule;
     The nature of complaints or comments received concerning 
the rule from the public;
     The complexity of the rule;
     The extent to which the rule overlaps, duplicates or 
conflicts with other federal rules, and, to the extent feasible, with 
state and local governmental rules; and
     The length of time since the rule has been evaluated or 
the degree to which technology, economic conditions, or other factors 
have changed in the area affected by the rule. 5 U.S.C. 610(c).
    The Securities and Exchange Commission, as a matter of policy, 
reviews all final rules that it published for notice and comment to 
assess not only their continued compliance with the RFA, but also to 
assess generally their continued utility. The list below is therefore 
broader than that required by the RFA, and may include rules that do 
not have a significant economic impact on a substantial number of small 
entities. Where the Commission has previously made a determination of a 
rule's impact on small businesses, the determination is noted on the 
list. The Commission particularly solicits public comment on whether 
the rules listed below affect small businesses in new or different ways 
than when they were first adopted.
    The rules and forms listed below are scheduled for review by staff 
of the Commission during the next twelve months. The list includes 
rules from 1999. When the Commission implemented the Act in 1980, it 
stated that it ``intend[ed] to conduct a broader review [than that 
required by the RFA], with a view to identifying those rules in need of 
modification or even rescission.'' Securities Act Release No. 6302 
(Mar. 20, 1981), 46 FR 19251 (Mar. 30, 1981). The rules are grouped 
according to which Division or Office of the Commission recommended 
their adoption.

Rules and Forms Division of Corporation Finance

    Title: Regulation of Takeovers and Security Holder Communications.
    Citation: 17 CFR 229.1000-1016, 17 CFR 230.162, 17 CFR 230.165, 17 
CFR 230.166, 17 CFR 230.425, 17 CFR 240.13e-4, 17 CFR 240.13e-100, 17 
CFR 240.14d-11, 17 CFR 240.14e-5, 17 CFR 240.14e-8.
    Authority: 15 U.S.C. 77a et seq., 15 U.S.C. 78a et seq.
    Description: These rules and regulations apply to takeover 
transactions (including tender offers, mergers, acquisitions and 
similar extraordinary transactions). They also permit increased 
communications with security holders and the markets, balance the 
treatment of cash and stock tender offers, simplify and centralize 
disclosure requirements, and eliminate regulatory inconsistencies in 
mergers and tender offers.
    Prior Commission Determination Under 5 U.S.C. 601: A Final 
Regulatory Flexibility Analysis was prepared in accordance with 5 
U.S.C. 604 in conjunction with the adoption of Release No. 33-7760, 
approved by the Commission on October 22, 1999, which adopted 
Regulation M-A and the related rules and revisions. Comments to the 
proposing release were considered at that time. The Commission received 
no comments on the Initial Regulatory Flexibility Analysis.
* * * * *
    Title: Cross-Border Tender and Exchange Offers, Business 
Combinations and Rights Offerings.
    Citation: 17 CFR 230.800-802, 17 CFR 260.4d-10.
    Authority: 15 U.S.C. 77a et seq., 15 U.S.C. 78a et seq.
    Description: These rules provide tender offer and Securities Act 
registration exemptions for cross-border tender and exchange offers, 
business combinations and rights offerings relating to the securities 
of foreign companies.
    Prior Commission Determination Under 5 U.S.C. 601: A Final 
Regulatory Flexibility Analysis was prepared in accordance with 5 
U.S.C. 604 in conjunction with the adoption of Release No. 33-7759, 
approved by the Commission on October 22, 1999, which adopted 
Securities Act Rules 800 through 802 and Trust Indenture Act Rule 4d-
10. Comments to the proposing release were considered at that time. The 
Commission received no comments on the Initial Regulatory Flexibility 
Analysis.
* * * * *
    Title: International Disclosure Standards.
    Citation: 17 CFR 210.3-01, 17 CFR 210.3-20, 239.36.
    Authority: 15 U.S.C. 77a et seq., 15 U.S.C. 78a et seq.
    Description: These rules revise disclosure requirements to conform 
to the international disclosure standards endorsed by the International 
Organization of Securities Commissions in September 1998.
    Prior Commission Determination Under 5 U.S.C. 601: Pursuant to the 
Regulatory Flexibility Act (15 U.S.C. 605(b)), the Chairman of the 
Commission certified at the proposal stage on February 2, 1999 that the 
revisions to rules and forms would not have a significant economic 
impact on a substantial number of small entities. The Commission 
received no comments specifically addressing the certification.
* * * * *
    Title: Audit Committee Disclosure.
    Citation: 17 CFR 210.10-01.
    Authority: 15 U.S.C. 77a et seq., 15 U.S.C. 78a et seq.
    Description: This rule requires that companies' independent 
auditors review the companies' financial information included in the 
companies' quarterly reports prior to the filing of these reports.
    Prior Commission Determination Under 5 U.S.C. 601: A Final 
Regulatory

[[Page 55297]]

Flexibility Analysis was prepared in accordance with 5 U.S.C. 604 in 
conjunction with the adoption of Release No. 34-42266, approved by the 
Commission on December 22, 1999, which adopted Rule 10-01 of Regulation 
S-X under the Securities Act of 1933 and the Securities Exchange Act of 
1934. Comments to the proposing release and Initial Regulatory 
Flexibility Analysis were considered at that time.
* * * * *

Rules and Forms Administered by the Division of Investment Management

    Title: Rule 17j-1.
    Citation: 17 CFR 270.17j-1.
    Authority: 15 U.S.C. 80a-1 et seq., 80a-17(j), 80a-37(a).
    Description: Rule 17j-1 under the Investment Company Act of 1940 
(``Act'') prohibits fraudulent, deceptive or manipulative acts by 
persons affiliated with a registered investment company (``fund'') or 
with the fund's investment adviser or principal underwriter in 
connection with their personal securities transactions in securities 
held or to be acquired by the fund. The rule requires 17j-1 
organizations to adopt codes of ethics reasonably designed to prevent 
fraud and requires fund personnel to report their personal securities 
transactions to their 17j-1 organization.
    Prior Commission Determination Under 5 U.S.C. 601: A Final 
Regulatory Flexibility Analysis was prepared in accordance with 5 
U.S.C. 604 in conjunction with the adoption of Release No. IC-23958, 
which was approved by the Commission on Aug. 20, 1999. Comments to the 
proposing release and any comments to the Initial Regulatory 
Flexibility Analysis were considered at that time.
* * * * *
    Title: Rule 154.
    Citation: 17 CFR 230.154.
    Authority: 15 U.S.C. 77a et seq.
    Description: Rule 154 under the Securities Act of 1933 permits an 
issuer or broker-dealer that has an obligation to deliver a prospectus 
to multiple persons at a single address to satisfy that obligation by 
delivering a single prospectus, subject to certain conditions.
    Prior Commission Determination Under 5 U.S.C. 601: A Final 
Regulatory Flexibility Analysis was prepared in accordance with 5 
U.S.C. 604 in conjunction with the adoption of Release No. IC-24123, 
which was approved by the Commission on November 4, 1999. Comments to 
the proposing release and any comments to the Initial Regulatory 
Flexibility Analysis were considered at that time.
* * * * *

Rules and Forms Administered by the Division of Trading and Markets

    Title: Rule 10b-18.
    Citation: 17 CFR 240.10b-18.
    Authority: 15 U.S.C. 78b, 78c, 78i(a)(6), 78j(b), 78m(e), 78o(c) 
and 78w(a).
    Description: Rule 10b-18 under the Securities Exchange Act of 1934 
Rule 10b-18 provides a ``safe harbor'' from liability for manipulation 
under Sections 9(a)(2) and 10(b) of the Exchange Act, and Rule 10b-5 
thereunder, when an issuer or affiliated purchaser of the issuer bids 
for or buys shares of its common stock in compliance with the Rule's 
conditions.
    Prior Commission Determination Under 5 U.S.C. 601: A Final 
Regulatory Flexibility Analysis was prepared in accordance with 5 
U.S.C. 604 in conjunction with the adoption of Release No. 34-41905, 
which was approved by the Commission on Sept. 23, 1999. Comments to the 
proposing release and any comments to the Initial Regulatory 
Flexibility Analysis were considered at that time.
* * * * *
    Title: Rules 15b3-1, 15Ba2-2, and 15Ca2-1.
    Citation: 17 CFR 240.15b3-1, 240.15Ba2-2, and 240.15Ca2-1.
    Authority: 15 U.S.C. 78o(a), 78o(b), 78o-4(a)(2), 78o-5(a)(2), and 
78w(a).
    Description: Rule 15b3-1 under the Securities Exchange Act of 1934 
governs amendments to applications for registration as a broker or a 
dealer. Rule 15Ba2-2 under the Securities Exchange Act of 1934 governs 
applications for registration of non-bank municipal securities dealers 
whose business is exclusively intrastate. Rule 15Ca2-1 under the 
Securities Exchange Act of 1934 governs applications for registrations 
as a government securities broker or government securities dealer.
    Prior Commission Determination Under 5 U.S.C. 601: A Final 
Regulatory Flexibility Analysis was prepared in accordance with 5 
U.S.C. 604 in conjunction with the adoption of Release No. 34-41594, 
which was approved by the Commission on July 2, 1999. Comments to the 
proposing release and any comments to the Initial Regulatory 
Flexibility Analysis were considered at that time.

    By the Commission.

    Dated: September 3, 2010.
Elizabeth M. Murphy,
Secretary.
[FR Doc. 2010-22574 Filed 9-9-10; 8:45 am]
BILLING CODE 8010-01-P
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