Utah Disaster #UT-00009, 10081 [2011-3947]
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Federal Register / Vol. 76, No. 36 / Wednesday, February 23, 2011 / Notices
10081
Section 6(b)(10) of the Act, enacted
under Section 957 of the Dodd-Frank
Act, does not provide for a transition
phase, and requires rules of national
securities exchanges to prohibit, among
other things, broker voting on executive
compensation. The Commission
believes that good cause exists to grant
accelerated approval to the Exchange’s
proposal, because it will conform CBOE
Rule 31.85 to the requirements of
Section 6(b)(10) of the Act. Moreover,
the Commission notes that the proposed
changes are based on NYSE Rule 452.21
President’s major disaster declaration on
02/11/2011, Private Non-Profit
organizations that provide essential
services of governmental nature may file
disaster loan applications at the address
listed above or other locally announced
locations.
The following areas have been
determined to be adversely affected by
the disaster:
Primary Counties: Kane, Washington.
The Interest Rates are:
Percent
V. Conclusion
It is therefore ordered, pursuant to
Section 19(b)(2) of the Act,22 that the
proposed rule change (SR–CBOE–2011–
017) be, and it hereby is, approved on
an accelerated basis.
For Physical Damage:
Non-Profit Organizations With
Credit Available Elsewhere ..
Non-Profit Organizations Without Credit Available Elsewhere ...................................
For Economic Injury:
Non-Profit Organizations Without Credit Available Elsewhere ...................................
mstockstill on DSKH9S0YB1PROD with NOTICES
6(b)(5) of the Act because the proposal
will further investor protection and the
public interest by assuring that
shareholder votes on executive
compensation matters are made by those
with an economic interest in the
company, rather than by a broker that
has no such economic interest, which
should enhance corporate governance
and accountability to shareholders.19
The Commission notes that the
CBOE’s new rule prohibiting
uninstructed broker votes on executive
compensation covers the specific items
identified in Section 951 of the DoddFrank Act, as well as any other matter
concerning executive compensation,
and has been drafted broadly to reflect
the requirements of Section 6(b)(10) of
the Act. The proposed rule language
also specifically states that a broker vote
on any executive compensation matter
would not be permitted even if it would
otherwise qualify for an exception from
any item under Rule 31.85. The
Commission believes this provision will
make clear that any past practice or
interpretation that may have permitted
a broker vote on an executive
compensation matter, under existing
rules, will no longer be applicable and
is superseded by the newly adopted
provisions.
Finally, the Commission notes that
the changes to reflect (i) that the CBOE
rules prohibit not only the giving of a
proxy, but also the authorization of the
proxy and (ii) that CBOE Rule 31.85
regarding the giving of proxies by TPH
Organizations applies to CBSX TPH
Organizations as well as CBOE TPH
Organization, should help to clarify the
intent of the CBOE proxy rules and is
consistent with the requirements of
Section 6 of the Act.
Based on the above, the Commission
believes that the Exchange’s proposal
will further the purposes of Sections
6(b)(5) and 6(b)(10) of the Act because
it should enhance corporate
accountability to shareholders. The rule
filing should also serve to fulfill the
Congressional intent in adopting
Section 6(b)(10) of the Act.
The Commission also finds good
cause, pursuant to Section 19(b)(2) of
the Act,20 for approving the proposed
rule change prior to the 30th day after
the date of publication of notice in the
Federal Register. As noted above,
19 As the Commission stated in approving NYSE
rules prohibiting broker voting in the election of
directors, having those with an economic interest in
the company vote the shares, rather than the broker
who has no such economic interest, furthers the
goal of enfranchising shareholders. See Securities
Exchange Act Release No. 60215 (July 1, 2009), 74
FR 33293 (July 10, 2009) (SR–NYSE–2006–92).
20 15 U.S.C. 78s(b)(2).
VerDate Mar<15>2010
18:50 Feb 22, 2011
Jkt 223001
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.23
Cathy H. Ahn,
Deputy Secretary.
[FR Doc. 2011–3982 Filed 2–22–11; 8:45 am]
BILLING CODE 8011–01–P
3.250
3.000
3.000
The number assigned to this disaster
for physical damage is 12468B and for
economic injury is 12469B.
(Catalog of Federal Domestic Assistance
Numbers 59002 and 59008)
SMALL BUSINESS ADMINISTRATION
[Disaster Declaration #12468 and #12469]
Roger B. Garland,
Acting Associate Administrator for Disaster
Assistance.
Utah Disaster #UT–00009
[FR Doc. 2011–3947 Filed 2–22–11; 8:45 am]
U.S. Small Business
Administration.
ACTION: Notice.
BILLING CODE 8025–01–P
This is a Notice of the
Presidential declaration of a major
disaster for Public Assistance Only for
the State of Utah (FEMA–1955–DR),
dated 02/11/2011.
Incident: Severe Winter Storms and
Flooding.
Incident Period: 12/20/2010 through
12/24/2010.
Effective Date: 02/11/2011.
Physical Loan Application Deadline
Date: 04/12/2011.
Economic Injury (EIDL) Loan
Application Deadline Date: 11/14/2011.
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: Notice is
hereby given that as a result of the
[Disaster Declaration #12465 and #12466]
AGENCY:
SUMMARY:
21 See
note 13, supra.
U.S.C. 78s(b)(2).
23 17 CFR 200.30–3(a)(12).
22 15
PO 00000
Frm 00078
Fmt 4703
Sfmt 4703
SMALL BUSINESS ADMINISTRATION
New Jersey Disaster Number NJ–00019
U.S. Small Business
Administration.
ACTION: Amendment 1.
AGENCY:
This is an amendment of the
Presidential declaration of a major
disaster for Public Assistance Only for
the State of NEW JERSEY (FEMA—
1954—DR), dated 02/04/2011.
Incident: Severe Winter Storm and
Snowstorm.
Incident Period: 12/26/2010 through
12/27/2010.
Effective Date: 02/11/2011.
Physical Loan Application Deadline
Date: 04/05/2011.
Economic Injury (EIDL) Loan
Application Deadline Date: 11/04/2011.
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,
SUMMARY:
E:\FR\FM\23FEN1.SGM
23FEN1
]]>Agencies
[Federal Register Volume 76, Number 36 (Wednesday, February 23, 2011)]
[Notices]
[Page 10081]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-3947]
=======================================================================
-----------------------------------------------------------------------
SMALL BUSINESS ADMINISTRATION
[Disaster Declaration 12468 and 12469]
Utah Disaster UT-00009
AGENCY: U.S. Small Business Administration.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: This is a Notice of the Presidential declaration of a major
disaster for Public Assistance Only for the State of Utah (FEMA-1955-
DR), dated 02/11/2011.
Incident: Severe Winter Storms and Flooding.
Incident Period: 12/20/2010 through 12/24/2010.
Effective Date: 02/11/2011.
Physical Loan Application Deadline Date: 04/12/2011.
Economic Injury (EIDL) Loan Application Deadline Date: 11/14/2011.
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: Notice is hereby given that as a result of
the President's major disaster declaration on 02/11/2011, Private Non-
Profit organizations that provide essential services of governmental
nature may file disaster loan applications at the address listed above
or other locally announced locations.
The following areas have been determined to be adversely affected
by the disaster:
Primary Counties: Kane, Washington.
The Interest Rates are:
------------------------------------------------------------------------
Percent
------------------------------------------------------------------------
For Physical Damage:
Non-Profit Organizations With Credit Available Elsewhere.. 3.250
Non-Profit Organizations Without Credit Available 3.000
Elsewhere................................................
For Economic Injury:
Non-Profit Organizations Without Credit Available 3.000
Elsewhere................................................
------------------------------------------------------------------------
The number assigned to this disaster for physical damage is 12468B
and for economic injury is 12469B.
(Catalog of Federal Domestic Assistance Numbers 59002 and 59008)
Roger B. Garland,
Acting Associate Administrator for Disaster Assistance.
[FR Doc. 2011-3947 Filed 2-22-11; 8:45 am]
BILLING CODE 8025-01-P
