Minnesota Disaster #MN-00031, 41552-41553 [2011-17726]
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Federal Register / Vol. 76, No. 135 / Thursday, July 14, 2011 / Notices
procedures must be reasonably designed
to ensure that the member organization
would be trading in compliance with
the requirements of NYSE Rule 70.40,
including that it is not effecting
transactions from booth premises in
OTC Securities that are related to
securities listed or traded on the
Exchange or NYSE Amex. A member
organization would be required to
obtain NYSER approval of such written
procedures before such trading
commences.11 A member organization
would be required to regularly review
such procedures and compliance
therewith, and obtain approval from
NYSER of any subsequent changes to
such procedures.12
At a minimum, such written
procedures must require the member
organization to exercise due diligence
before commencing trading in an OTC
Security from the booth premises
pursuant to this Rule to ensure that such
trading is in compliance with the
requirements of this Rule and that the
member organization has procedures to
monitor its trading activity in order to
remain in compliance. A member
organization must have supervisory
systems in place that produce records
sufficient to reconstruct, in a timesequenced manner, all orders with
respect to which the member
organization is trading from the booth
premises under this Rule. The member
organization must be able to
demonstrate which OTC Security
transactions were effected from the
booth premises (as compared to offFloor trading, if applicable). If the
member organization could not
demonstrate which trading is from the
booth premises, the Exchange would
presume that all such trading was
effected from the booth premises.
III. Discussion and Commission’s
Findings
wreier-aviles on DSKGBLS3C1PROD with NOTICES
After careful review, the Commission
finds that the proposed rule change is
consistent with the requirements of
Section 6 of the Act 13 and the rules and
regulations thereunder applicable to a
national securities exchange.14 In
particular, the Commission finds that
the proposed rule change is consistent
11 If a member organization had already obtained
approval to operate booth premises under NYSE
Rule 70.40, it would still be required to update its
written procedures to address proprietary trading in
OTC Securities and obtain NYSER approval under
NYSE Rule 70.40(7).
12 NYSE Rule 70.40(6) and (7).
13 15 U.S.C. 78f.
14 In approving this proposal, the Commission has
considered the proposed rule’s impact on
efficiency, competition, and capital formation. See
15 U.S.C. 78c(f).
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with Section 6(b)(5) of the Act,15 which
requires, among other things, that the
Exchange’s rules be designed to prevent
fraudulent and manipulative acts and
practices, to promote just and equitable
principles of trade, to remove
impediments to and perfect the
mechanism of a free and open market
and a national market system, and, in
general, to protect investors and the
public interest.
The Commission notes that the
proposed rule change will enable
member organizations to expand the
types of activities that can be conducted
from booth premises to include
transactions in certain OTCBB and OTC
Markets securities for the member
organization’s own account, the account
of an associated person, or an account
with respect to which they or an
associated person thereof exercise
investment discretion. At the same time,
the proposal excludes such transactions
in an OTC Security that is related to a
security listed or traded on the
Exchange or on NYSE Amex. In
addition, the Commission notes that the
proposed proprietary transactions in
OTC Securities would remain subject to
the registration, audit trail, and
supervision requirements of NYSE Rule
70.40.16 This includes the requirement
to adopt and implement comprehensive
written procedures governing the
conduct and supervision of proprietary
trading in OTC Securities handled
through the booth and the staff
responsible for such activities. These
procedures must be reasonably designed
to ensure that member organizations are
not effecting transactions from booth
premises in OTC Securities that are
related to securities listed or traded on
the Exchange or NYSE Amex.17
The primary reason for the earlier
restriction on proprietary trading by
Floor Brokers was concern that the
Floor Broker’s knowledge of events on
the floor and the state of the market
would provide him with an unfair
advantage over off-floor market
participants. However, in light of the
proposed rule’s restriction on trading
OTC Securities that are related to a
security listed or traded on the
Exchange or NYSE Amex, the
Commission believes that the
opportunities for members to trade on
non-public information will be
appropriately minimized or eliminated.
In addition to written procedures, the
member organization must have a
supervisory system in place to produce
records sufficient to reconstruct, in a
PO 00000
U.S.C. 78f(b)(5).
Notice, supra note 3.
17 See id.
time-sequenced manner, all orders with
respect to trading from booth premises
and must be able to demonstrate which
OTC Security transactions were effected
from the booth premises. Furthermore,
as noted above, to the extent that a
member organization has already
obtained approval to operate booth
premises under NYSE Rule 70.40, it
would still be required to update its
written procedures to address
proprietary trading in OTC Securities
and obtain NYSER approval under
NYSE Rule 70.40(7).18
In light of the foregoing requirements,
which provide for appropriate
limitations on and oversight of
proprietary trading by Exchange
members from their approved booth
premises adjacent to the floor, the
Commission finds that the proposed
rule change is consistent with the Act.
IV. Conclusion
It Is Therefore Ordered, pursuant to
Section 19(b)(2) of the Act,19 that the
proposed rule change (SR–NYSE–2011–
22) be, and it hereby is, approved.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.20
Cathy H. Ahn,
Deputy Secretary.
[FR Doc. 2011–17689 Filed 7–13–11; 8:45 am]
BILLING CODE 8011–01–P
SMALL BUSINESS ADMINISTRATION
[Disaster Declaration #12671 and #12672]
Minnesota Disaster #MN–00031
U.S. Small Business
Administration.
ACTION: Notice.
AGENCY:
This is a notice of an
Administrative declaration of a disaster
for the State of Minnesota dated 07/07/
2011.
Incident: Severe Storms and
Tornadoes.
Incident Period: 05/21/2011 through
05/22/2011.
Effective Date: 07/07/2011.
Physical Loan Application Deadline
Date: 09/06/2011.
Economic Injury (EIDL) Loan
Application Deadline Date: 04/09/2012.
ADDRESSES: Submit completed loan
applications to: U.S. Small Business
Administration, Processing and
Disbursement Center, 14925 Kingsport
Road, Fort Worth, TX 76155.
SUMMARY:
15 15
18 See
16 See
19 15
Frm 00105
Fmt 4703
Sfmt 4703
Notice. See also supra note 11.
U.S.C. 78s(b)(2).
20 17 CFR 200.30–3(a)(12).
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Federal Register / Vol. 76, No. 135 / Thursday, July 14, 2011 / Notices
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
Administrator’s disaster declaration,
applications for disaster loans may be
filed 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: Hennepin.
Contiguous Counties:
Minnesota:
Anoka, Carver, Dakota, Ramsey, Scott,
Sherburne, Wright.
The Interest Rates are:
disaster for the State of Oklahoma
(FEMA–1989–DR), dated 06/06/2011.
Incident: Severe Storms, Tornadoes,
Straight-line Winds, and Flooding.
Incident Period: 05/22/2011 through
05/25/2011.
Effective Date: 07/06/2011.
Physical Loan Application Deadline
Date: 08/05/2011.
EIDL Loan Application Deadline Date:
03/06/2012.
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
Percent
of the Presidential disaster declaration
for the State of Oklahoma, dated 06/06/
2011 is hereby amended to include the
5.375
following areas as adversely affected by
2.688 the disaster:
Primary Counties: (Physical Damage and
Economic Injury Loans):
6.000
Ottawa.
4.000 Contiguous Counties: (Economic Injury
Loans Only):
3.250
Kansas: Cherokee.
Missouri: Newton.
All other information in the original
3.000
declaration remains unchanged.
FOR FURTHER INFORMATION CONTACT:
For Physical Damage:
Homeowners with Credit Available Elsewhere ......................
Homeowners without Credit
Available Elsewhere ..............
Businesses with Credit Available Elsewhere ......................
Businesses
without
Credit
Available Elsewhere ..............
Non-Profit Organizations with
Credit Available Elsewhere ...
Non-Profit Organizations without Credit Available Elsewhere .....................................
For Economic Injury:
Businesses & Small Agricultural
Cooperatives without Credit
Available Elsewhere ..............
Non-Profit Organizations without Credit Available Elsewhere .....................................
(Catalog of Federal Domestic Assistance
Numbers 59002 and 59008)
4.000
3.000
James E. Rivera,
Associate Administrator for Disaster
Assistance.
[FR Doc. 2011–17727 Filed 7–13–11; 8:45 am]
The number assigned to this disaster
for physical damage is 12671 C and for
economic injury is 12672 0.
The State which received an EIDL
Declaration # is Minnesota.
(Catalog of Federal Domestic Assistance
Numbers 59002 and 59008)
BILLING CODE 8025–01–P
SMALL BUSINESS ADMINISTRATION
[Disaster Declaration #12562 and #12563]
Arkansas Disaster Number AR–00049
July 7, 2011.
Karen G. Mills,
Administrator.
U.S. Small Business
Administration.
ACTION: Amendment 7.
AGENCY:
[FR Doc. 2011–17726 Filed 7–13–11; 8:45 am]
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SMALL BUSINESS ADMINISTRATION
[Disaster Declaration #12615 and #12616]
Oklahoma Disaster Number OK–00050
U.S. Small Business
Administration.
ACTION: Amendment 2.
AGENCY:
This is an amendment of the
Presidential declaration of a major
SUMMARY:
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14:55 Jul 13, 2011
This is an amendment of the
Presidential declaration of a major
disaster for Public Assistance Only for
the State of Arkansas (FEMA–1975–DR),
dated 05/02/2011.
Incident: Severe Storms, Tornadoes,
and Associated Flooding.
Incident Period: 04/14/2011 through
06/03/2011.
Effective Date: 07/01/2011.
Physical Loan Application Deadline
Date: 07/01/2011.
Economic Injury (EIDL) Loan
Application Deadline Date: 02/02/2012.
SUMMARY:
BILLING CODE 8025–01–P
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41553
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 05/02/2011, is hereby amended to
include the following areas as adversely
affected by the disaster.
Primary Counties: Craighead.
All other information in the original
declaration remains unchanged.
ADDRESSES:
(Catalog of Federal Domestic Assistance
Numbers 59002 and 59008)
James E. Rivera,
Associate Administrator for Disaster
Assistance.
[FR Doc. 2011–17728 Filed 7–13–11; 8:45 am]
BILLING CODE 8025–01–P
SMALL BUSINESS ADMINISTRATION
Advisory Committee on Veterans
Business Affairs
U.S. Small Business
Administration.
ACTION: Notice of open Federal Advisory
Committee Meeting.
AGENCY:
The SBA is issuing this notice
to announce the location, date, time,
and agenda for the next meeting of the
Advisory Committee on Veterans
Business Affairs. The meeting will be
open to the public.
DATES: July 28, 2011 from 9 a.m. to 5
p.m. in the Eisenhower Conference
room, side B, located on the 2nd floor.
ADDRESSES: U.S. Small Business
Administration, 409 3rd Street, SW.,
Washington, DC 20416.
SUPPLEMENTARY INFORMATION: Pursuant
to section 10(a)(2) of the Federal
Advisory Committee Act (5 U.S.C.,
Appendix 2), SBA announces the
meeting of the Advisory Committee on
Veterans Business Affairs. The Advisory
Committee on Veterans Business Affairs
serves as an independent source of
advice and policy recommendation to
the Administrator of the U.S. Small
Business Administration. The purpose
of this meeting is to begin preparations
for the 2011 Annual Report. For
information regarding our veterans’
resources and partners, please visit our
Web site at https://www.sba.gov/vets.
SUMMARY:
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]]>Agencies
[Federal Register Volume 76, Number 135 (Thursday, July 14, 2011)]
[Notices]
[Pages 41552-41553]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-17726]
=======================================================================
-----------------------------------------------------------------------
SMALL BUSINESS ADMINISTRATION
[Disaster Declaration 12671 and 12672]
Minnesota Disaster MN-00031
AGENCY: U.S. Small Business Administration.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: This is a notice of an Administrative declaration of a
disaster for the State of Minnesota dated 07/07/2011.
Incident: Severe Storms and Tornadoes.
Incident Period: 05/21/2011 through 05/22/2011.
Effective Date: 07/07/2011.
Physical Loan Application Deadline Date: 09/06/2011.
Economic Injury (EIDL) Loan Application Deadline Date: 04/09/2012.
ADDRESSES: Submit completed loan applications to: U.S. Small Business
Administration, Processing and Disbursement Center, 14925 Kingsport
Road, Fort Worth, TX 76155.
[[Page 41553]]
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 Administrator's disaster declaration, applications for disaster
loans may be filed 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: Hennepin.
Contiguous Counties:
Minnesota:
Anoka, Carver, Dakota, Ramsey, Scott, Sherburne, Wright.
The Interest Rates are:
------------------------------------------------------------------------
Percent
------------------------------------------------------------------------
For Physical Damage:
Homeowners with Credit Available Elsewhere................. 5.375
Homeowners without Credit Available Elsewhere.............. 2.688
Businesses with Credit Available Elsewhere................. 6.000
Businesses without Credit Available Elsewhere.............. 4.000
Non-Profit Organizations with Credit Available Elsewhere... 3.250
Non-Profit Organizations without Credit Available Elsewhere 3.000
For Economic Injury:
Businesses & Small Agricultural Cooperatives without Credit 4.000
Available Elsewhere.......................................
Non-Profit Organizations without Credit Available Elsewhere 3.000
------------------------------------------------------------------------
The number assigned to this disaster for physical damage is 12671 C
and for economic injury is 12672 0.
The State which received an EIDL Declaration is
Minnesota.
(Catalog of Federal Domestic Assistance Numbers 59002 and 59008)
July 7, 2011.
Karen G. Mills,
Administrator.
[FR Doc. 2011-17726 Filed 7-13-11; 8:45 am]
BILLING CODE 8025-01-P
