Announcement of Meeting of the International Telecommunication Advisory Committee, 48939 [2011-20179]

Download as PDF Federal Register / Vol. 76, No. 153 / Tuesday, August 9, 2011 / Notices exclude from the trade reporting requirements any transfer of equity securities for the sole purpose of creating or redeeming an instrument that evidences ownership of or otherwise tracks the underlying securities transferred. FINRA explained that such transfers are not considered transactions for purposes of the trade reporting rules and thus are not reportable events.10 FINRA represented that the proposed rule change codifies current guidance and practice in this area. The Commission believes that this codification of current practice will help reduce confusion with regard to what is required to be reported under FINRA’s trade reporting requirements and thus reduce reporting errors. FINRA stated that the proposed rule change will be effective 90 days following the date of Commission approval. sroberts on DSK5SPTVN1PROD with NOTICES III. Commission’s Findings After carefully considering the proposed rule change, the Commission finds that it is consistent with the requirements of the Act and the rules and regulations thereunder applicable to a national securities association. In particular, the Commission finds that the proposal is consistent with Section 15A(b)(6) of the Act,11 which requires, among other things, that FINRA 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.12 The Commission believes that the proposal is reasonably designed to clarify the interpretation and application of the current exception from the trade reporting requirements for transactions that are part of a distribution. The Commission believes that the proposal will: (1) Enhance market transparency by helping to ensure that transactions that are not part of an ‘‘unregistered secondary distribution,’’ such as large block trades, 10 FINRA explained, however, that purchases and sales of the securities that are to be transferred for the purpose of creating or redeeming instruments such as ADRs and ETFs and subsequent purchases and sales of the instruments in the secondary market are OTC transactions and must be reported to FINRA in accordance with the trade reporting rules. FINRA also noted that purchases and sales of the underlying securities in order to track the performance of an instrument such as an ADR or ETF, without actually creating the instrument, are trade reportable and that such transactions are subject to regulatory transaction fees under Section 3 and the TAF. 11 15 U.S.C. 78o–3(b)(6). 12 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). VerDate Mar<15>2010 19:06 Aug 08, 2011 Jkt 223001 are properly reported; and (2) clarify members’ obligations with respect to the reporting of transfers of equity securities to create or redeem instruments such as ADRs and ETFs under FINRA trade reporting rules. In addition, FINRA will receive information regarding transactions that are part of an unregistered secondary distribution which will enhance FINRA’s ability to monitor compliance with the securities laws and rules. IV. Conclusion It Is Therefore Ordered, pursuant to Section 19(b)(2) of the Act,13 that the proposed rule change (SR–FINRA– 2011–027), be, and it hereby is, approved. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.14 Elizabeth M. Murphy, Secretary. [FR Doc. 2011–20171 Filed 8–8–11; 8:45 am] 48939 dated 07/20/2011, is hereby amended to include the following areas as adversely affected by the disaster. Primary Counties: Anderson. All other information in the original declaration remains unchanged. (Catalog of Federal Domestic Assistance Numbers 59002 and 59008) James E. Rivera, Associate Administrator for Disaster Assistance. [FR Doc. 2011–20079 Filed 8–8–11; 8:45 am] BILLING CODE 8025–01–P DEPARTMENT OF STATE [Public Notice 7544] Announcement of Meeting of the International Telecommunication Advisory Committee BILLING CODE 8011–01–P This notice announces a meeting of the International Telecommunication Advisory Subcommittees (ITAC) on August 22, 2011, 10 a.m.–noon EDT, at the Department of State, 2201 C Street, NW., Washington, DC 20520, to seek advice from the telecommunications industry on: (a) The consultation of International Telecommunication Union, Telecommunication Standardization Sector Study Group 15, on whether draft Recommendation G.tp-oam (Operations, Administration and Maintenance mechanism for MPLS–TP in Packet Transport Network (PTN)) should be approved as a policy-level document; and (b) what policy position the United States should take at the December 2011 Study Group 15 meeting on this issue. This meeting is open to the public as seating capacity allows. The public will have an opportunity to provide comments at this meeting. People desiring further information on this meeting or wishing to request reasonable accommodation may contact the Secretariat at minardje@state.gov. SUMMARY: SMALL BUSINESS ADMINISTRATION [Disaster Declaration #12704 and #12705] Tennessee Disaster Number TN–00058 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 Tennessee (FEMA–4005– DR), dated 07/20/2011. Incident: Severe Storms, Straight-line Winds, Tornadoes, and Flooding. Incident Period: 06/18/2011 through 06/24/2011. Effective Date: 08/01/2011. Physical Loan Application Deadline Date: 09/19/2011. Economic Injury (EIDL) Loan Application Deadline Date: 04/20/2012. 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 of the President’s major disaster declaration for Private Non-Profit organizations in the State of Tennessee, SUMMARY: 13 15 14 17 PO 00000 Dated: August 3, 2011. Marian R. Gordon, International Communications & Information Policy, U.S. Department of State . [FR Doc. 2011–20179 Filed 8–8–11; 8:45 am] BILLING CODE 4710–07–P U.S.C. 78s(b)(2). CFR 200.30–3(a)(12). Frm 00151 Fmt 4703 Sfmt 9990 E:\FR\FM\09AUN1.SGM 09AUN1

Agencies

[Federal Register Volume 76, Number 153 (Tuesday, August 9, 2011)]
[Notices]
[Page 48939]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-20179]


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DEPARTMENT OF STATE

[Public Notice 7544]


Announcement of Meeting of the International Telecommunication 
Advisory Committee

SUMMARY: This notice announces a meeting of the International 
Telecommunication Advisory Subcommittees (ITAC) on August 22, 2011, 10 
a.m.-noon EDT, at the Department of State, 2201 C Street, NW., 
Washington, DC 20520, to seek advice from the telecommunications 
industry on: (a) The consultation of International Telecommunication 
Union, Telecommunication Standardization Sector Study Group 15, on 
whether draft Recommendation G.tp-oam (Operations, Administration and 
Maintenance mechanism for MPLS-TP in Packet Transport Network (PTN)) 
should be approved as a policy-level document; and (b) what policy 
position the United States should take at the December 2011 Study Group 
15 meeting on this issue.
    This meeting is open to the public as seating capacity allows. The 
public will have an opportunity to provide comments at this meeting. 
People desiring further information on this meeting or wishing to 
request reasonable accommodation may contact the Secretariat at 
minardje@state.gov.

    Dated: August 3, 2011.
Marian R. Gordon,
International Communications & Information Policy, U.S. Department of 
State .
[FR Doc. 2011-20179 Filed 8-8-11; 8:45 am]
BILLING CODE 4710-07-P