Culturally Significant Objects Imported for Exhibition Determinations: “American Encounters: Thomas Cole and the American Landscape”, 26067 [2012-10598]
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Federal Register / Vol. 77, No. 85 / Wednesday, May 2, 2012 / Notices
mstockstill on DSK4VPTVN1PROD with NOTICES
Initial Payment under a CDS Contract is
established at the time the contract is
executed and may be payable from
either the protection buyer to the
protection seller or vice versa. Under
the current ICE Clear Europe Rules (by
way of the incorporated ISDA Credit
Derivatives Definitions), and consistent
with practice in the market for
uncleared credit default swaps, the
Initial Payment is required to be made
on the third business day following the
trade date. ICE Clear Europe proposed to
amend the definition of Initial Payment
in its Clearing Rules to provide instead
that the Initial Payment is to be made
on the first business day following the
trade date (or, if the transaction is
accepted for clearing after the trade
date, the Initial Payment is to be made
on the first business day following the
date of acceptance for clearing). ICE
Clear Europe believes that this change
from T+3 settlement to T+1 settlement
will reduce settlement risk for the
clearinghouse and clearing members
and improve margin efficiency (as
margin requirements will no longer
need to take into account the additional
risk from a T+3 as opposed to a T+1
settlement rule). ICE Clear Europe’s CDS
Risk Committee approved the proposed
rule changes.
The other proposed changes in the
ICE Clear Europe Rules reflect updates
to cross-references and defined terms
and similar drafting clarifications, and
do not affect the substance of the ICE
Clear Europe Rules or cleared products.
III. Discussion
Section 19(b)(2)(B) of the Act 4 directs
the Commission to approve a proposed
rule change of a self-regulatory
organization if it finds that such
proposed rule change is consistent with
the requirements of the Act and the
rules and regulations thereunder
applicable to such organization. Section
17A(b)(3)(F) of the Act 5 requires, among
other things, that the rules of a clearing
agency be designed to promote the
prompt and accurate clearance and
settlement of securities transactions
and, to the extent applicable, derivative
agreements, contracts, and transactions.
By accelerating the Initial Payment
date, the proposed rule change will
reduce settlement risk for the
clearinghouse and clearing members
and improve margin efficiency (as
margin requirements will no longer
need to take into account the additional
risk from a T+3 as opposed to a T+1
settlement rule), thereby promoting the
prompt and accurate clearance and
4 15
5 15
U.S.C. 78s(b)(2)(B).
U.S.C. 78q–1(b)(3)(F).
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settlement of derivative agreements,
contracts, and transactions, and assuring
the safeguarding of securities and funds
which are in the custody or control of
ICE Clear Europe. As a result, the
proposed rule change is consistent with
the requirements of Section 17A(b)(3)(F)
of the Act.
IV. Conclusion
On the basis of the foregoing, the
Commission finds that the proposal is
consistent with the requirements of the
Act and in particular with the
requirements of Section 17A of the Act 6
and the rules and regulations
thereunder.
It is therefore ordered, pursuant to
Section 19(b)(2) of the Act,7 that the
proposed rule change (File No. SR–
ICEEU–2012–04) be, and hereby is,
approved.8
For the Commission by the Division of
Trading and Markets, pursuant to delegated
authority.9
Kevin O’Neill,
Deputy Secretary.
26067
custodians. I also determine that the
exhibition or display of the exhibit
objects at The Crystal Bridges Museum
of American Art in Bentonville,
Arkansas from on or about May 12 until
on or about August 13, 2012; the High
Museum of Art in Atlanta, Georgia from
on or about September 22, 2012 until on
or about January 6, 2013; and possible
additional exhibitions or venues yet to
be determined; is in the national
interest. I have ordered that Public
Notice of these Determinations be
published in the Federal Register.
FOR FURTHER INFORMATION CONTACT: For
further information, including a list of
the exhibit objects, contact Ona M.
Hahs, Attorney-Adviser, Office of the
Legal Adviser, U.S. Department of State
(telephone: 202–632–6473). The mailing
address is U.S. Department of State,
SA–5, L/PD, Fifth Floor (Suite 5H03),
Washington, DC 20522–0505.
[FR Doc. 2012–10539 Filed 5–1–12; 8:45 am]
Dated: April 27, 2012.
J. Adam Ereli,
Principal Deputy Assistant Secretary, Bureau
of Educational and Cultural Affairs,
Department of State.
BILLING CODE 8011–01–P
[FR Doc. 2012–10598 Filed 5–1–12; 8:45 am]
BILLING CODE 4710–05–P
DEPARTMENT OF STATE
[Public Notice 7866]
DEPARTMENT OF TRANSPORTATION
Culturally Significant Objects Imported
for Exhibition Determinations:
‘‘American Encounters: Thomas Cole
and the American Landscape’’
Intelligent Transportation Systems
Program Advisory Committee; Notice
of Meeting
Notice is hereby given of the
following determinations: Pursuant to
the authority vested in me by the Act of
October 19, 1965 (79 Stat. 985; 22 U.S.C.
2459), Executive Order 12047 of March
27, 1978, the Foreign Affairs Reform and
Restructuring Act of 1998 (112 Stat.
2681, et seq.; 22 U.S.C. 6501 note, et
seq.), Delegation of Authority No. 234 of
October 1, 1999, and Delegation of
Authority No. 236–3 of August 28, 2000
(and, as appropriate, Delegation of
Authority No. 257 of April 15, 2003), I
hereby determine that the objects to be
included in the exhibition ‘‘American
Encounters: Thomas Cole and the
American Landscape,’’ imported from
abroad by the High Museum of Art for
temporary exhibition within the United
States, are of cultural significance. The
objects are imported pursuant to loan
agreements with the foreign owners or
SUMMARY:
6 15
U.S.C. 78q–1.
U.S.C. 78s(b)(2).
8 In approving the proposed rule change, the
Commission considered the proposal’s impact on
efficiency, competition and capital formation. 15
U.S.C. 78c(f).
9 17 CFR 200.30–3(a)(12).
7 15
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ITS Joint Program Office,
Research and Innovative Technology
Administration, U.S. Department of
Transportation.
ACTION: Notice.
AGENCY:
The Intelligent Transportation
Systems (ITS) Program Advisory
Committee (ITS PAC) will hold a
meeting on May 24, 2012, from 8:00
a.m. to 4:00 p.m. (EDT), in conference
room #7 of the U.S. Department of
Transportation (U.S. DOT) Conference
Center on the lobby level of the U.S.
DOT West Building, 1200 New Jersey
Avenue SE, Washington, DC 20590.
The ITS PAC, established under
Section 5305 of Public Law 109–59,
Safe, Accountable, Flexible, Efficient
Transportation Equity Act: A Legacy for
Users, August 10, 2005, and re-chartered
on January 23, 2012, was created to
advise the Secretary of Transportation
on all matters relating to the study,
development, and implementation of
intelligent transportation systems.
Through its sponsor, the ITS Joint
Program Office, the ITS PAC makes
recommendations to the Secretary
regarding ITS Program needs, objectives,
E:\FR\FM\02MYN1.SGM
02MYN1
]]>Agencies
[Federal Register Volume 77, Number 85 (Wednesday, May 2, 2012)]
[Notices]
[Page 26067]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-10598]
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DEPARTMENT OF STATE
[Public Notice 7866]
Culturally Significant Objects Imported for Exhibition
Determinations: ``American Encounters: Thomas Cole and the American
Landscape''
SUMMARY: Notice is hereby given of the following determinations:
Pursuant to the authority vested in me by the Act of October 19, 1965
(79 Stat. 985; 22 U.S.C. 2459), Executive Order 12047 of March 27,
1978, the Foreign Affairs Reform and Restructuring Act of 1998 (112
Stat. 2681, et seq.; 22 U.S.C. 6501 note, et seq.), Delegation of
Authority No. 234 of October 1, 1999, and Delegation of Authority No.
236-3 of August 28, 2000 (and, as appropriate, Delegation of Authority
No. 257 of April 15, 2003), I hereby determine that the objects to be
included in the exhibition ``American Encounters: Thomas Cole and the
American Landscape,'' imported from abroad by the High Museum of Art
for temporary exhibition within the United States, are of cultural
significance. The objects are imported pursuant to loan agreements with
the foreign owners or custodians. I also determine that the exhibition
or display of the exhibit objects at The Crystal Bridges Museum of
American Art in Bentonville, Arkansas from on or about May 12 until on
or about August 13, 2012; the High Museum of Art in Atlanta, Georgia
from on or about September 22, 2012 until on or about January 6, 2013;
and possible additional exhibitions or venues yet to be determined; is
in the national interest. I have ordered that Public Notice of these
Determinations be published in the Federal Register.
FOR FURTHER INFORMATION CONTACT: For further information, including a
list of the exhibit objects, contact Ona M. Hahs, Attorney-Adviser,
Office of the Legal Adviser, U.S. Department of State (telephone: 202-
632-6473). The mailing address is U.S. Department of State, SA-5, L/PD,
Fifth Floor (Suite 5H03), Washington, DC 20522-0505.
Dated: April 27, 2012.
J. Adam Ereli,
Principal Deputy Assistant Secretary, Bureau of Educational and
Cultural Affairs, Department of State.
[FR Doc. 2012-10598 Filed 5-1-12; 8:45 am]
BILLING CODE 4710-05-P
