International Security Advisory Board (ISAB) Meeting Notice; Closed Meeting, 47162 [2012-19300]
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47162
Federal Register / Vol. 77, No. 152 / Tuesday, August 7, 2012 / Notices
including the deletion of provisions that
currently apply only to NYSE Euronext
directors and expressly do not apply to
directors of these Regulated
Subsidiaries. In particular, (i) references
to NYSE Euronext would refer instead
to the relevant Regulated Subsidiary; (ii)
the requirement that at least threefourths of the directors must be
independent would be deleted, since
the organizational documents of these
Regulated Subsidiaries contain the
independence and other qualification
requirements for directors; (iii) the
requirement in the Independence Policy
of NYSE Euronext that the board
consider the special responsibilities of a
director in light of NYSE Euronext’s
ownership of U.S. regulated subsidiaries
and European regulated entities would
be deleted, because unlike NYSE
Euronext, the Regulated Subsidiaries are
not holding companies; (iv) the
requirement for directors to inform the
Chairman of the Nominating and
Governance Committee of certain
relationships and interests would be
deleted, since the boards of these
Regulated Subsidiaries do not have a
Nominating and Governance
Committee, except that in the Regulated
Subsidiary Director Independence
Policy to be adopted by NYSE
Regulation, this provision would
reference the Nominating and
Governance Committee of NYSE
Regulation; (v) references to NYSE
Alternext, Inc. and NYSE Amex LLC
would refer instead to NYSE MKT LLC,
because of this entity’s previous name
changes; (vi) because the current
Independence Policy of NYSE Euronext
provides that a director of an affiliate of
a Member Organization’’ (as defined in
the Regulated Subsidiary Director
Independence Policy) cannot qualify as
an independent director of these
Regulated Subsidiaries, the conflicting
language stating that a director of an
affiliate of a Member Organization shall
not per se fail to be independent would
be deleted; and (vii) because language in
the current Independence Policy of
NYSE Euronext provides that an
executive officer of an issuer whose
securities are listed on a NYSE
Exchange cannot qualify as an
independent director of these Regulated
Subsidiaries, the conflicting language
providing an exception applicable only
to NYSE Euronext directors would be
deleted. In addition, the ‘‘additional
independence requirements’’ at the end
of the current Independence Policy of
NYSE Euronext, which provides that
executive officers of foreign private
issuers, executive officers of NYSE
Euronext and directors of affiliates of
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member organizations must together
comprise no more than a minority of the
total board, would be eliminated. This
provision is designed to ensure that
although persons who are directors of
an affiliate of a Member Organization or
who are executive officers of a ‘‘foreign
private issuer’’ listed on a NYSE
Exchange may in some circumstances
qualify as independent for purposes of
NYSE Euronext board membership,
such persons may not, together with
executive officers of NYSE Euronext,
constitute more than a minority of the
total NYSE Euronext directors. Under
the proposed Regulated Subsidiary
Director Independence Policy, such
persons could not be deemed to be
independent directors of the relevant
Regulated Subsidiary and, accordingly,
this limitation on the number of such
persons who may serve on the board is
unnecessary.
The Commission finds that these
proposals, taken together, are consistent
with the Act, particularly Section
6(b)(1),11 which requires an exchange to
be so organized and have the capacity
to carry out the purposes of the Act.
Further, the Commission notes that the
NYSE Exchanges are not proposing to
change any of the provisions relating to
(i) the fair representation of the
members of each of the NYSE
Exchanges in the selection of its
directors and administration of its
affairs or (ii) one or more of the directors
of each of the NYSE Exchanges being
representative of issuers and investors
and not being associated with a member
of the exchange or with a broker dealer,
each as required under Section 6(b)(3) of
the Act.12
III. Conclusion
For the foregoing reasons, the
Commission finds that the proposed
rule change is consistent with the Act
and the rules and regulations
thereunder applicable to a national
securities exchange.
It is therefore ordered, pursuant to
Section 19(b)(2) of the Act 13 that the
proposed rule changes (SR–NYSE–
2012–17; SR–NYSEArca–2012–59; SR–
NYSEMKT–2012–07), are approved.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.14
Kevin M. O’Neill,
Deputy Secretary.
[FR Doc. 2012–19217 Filed 8–6–12; 8:45 am]
BILLING CODE 8011–01–P
11 15
12 15
U.S.C. 78f(b)(1).
U.S.C. 78f(b)(3).
13 Id.
14 17
PO 00000
CFR 200.30–3(a)(12).
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DEPARTMENT OF STATE
[Public Notice 7970]
International Security Advisory Board
(ISAB) Meeting Notice; Closed Meeting
In accordance with section 10(a)(2) of
the Federal Advisory Committee Act, 5
U.S.C. App 10(a)(2), the Department of
State announces a meeting of the
International Security Advisory Board
(ISAB) to take place on September 13,
2012, at the Department of State,
Washington, DC.
Pursuant to section 10(d) of the
Federal Advisory Committee Act, 5
U.S.C. App 10(d), and 5 U.S.C.
552b(c)(1), it has been determined that
this Board meeting will be closed to the
public because the Board will be
reviewing and discussing matters
properly classified in accordance with
Executive Order 13526. The purpose of
the ISAB is to provide the Department
with a continuing source of
independent advice on all aspects of
arms control, disarmament, politicalmilitary affairs, international security
and related aspects of public diplomacy.
The agenda for this meeting will include
classified discussions related to the
Board’s ongoing studies on current U.S.
policy and issues regarding arms
control, international security, nuclear
proliferation, and diplomacy.
For more information, contact Richard
W. Hartman II, Executive Director of the
International Security Advisory Board,
U.S. Department of State, Washington,
DC 20520, telephone: (202) 736–4290.
Dated: July 31, 2012.
Richard W. Hartman, II,
Executive Director, International Security
Advisory Board, U.S. Department of State.
[FR Doc. 2012–19300 Filed 8–6–12; 8:45 am]
BILLING CODE 4710–24–P
DEPARTMENT OF TRANSPORTATION
National Highway Traffic Safety
Administration
Reports, Forms and Recordkeeping
Requirements; Agency Information
Collection Activity Under OMB Review
National Highway Traffic
Safety Administration, DOT.
ACTION: Notice.
AGENCY:
In compliance with the
Paperwork Reduction Act of 1995 (44
U.S.C. 3501 et seq.), this notice
announces that the Information
Collection Request (ICR) abstracted
below has been forwarded to the Office
of Management and Budget (OMB) for
review and comment. The ICR describes
SUMMARY:
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07AUN1
]]>Agencies
[Federal Register Volume 77, Number 152 (Tuesday, August 7, 2012)]
[Notices]
[Page 47162]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-19300]
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DEPARTMENT OF STATE
[Public Notice 7970]
International Security Advisory Board (ISAB) Meeting Notice;
Closed Meeting
In accordance with section 10(a)(2) of the Federal Advisory
Committee Act, 5 U.S.C. App 10(a)(2), the Department of State announces
a meeting of the International Security Advisory Board (ISAB) to take
place on September 13, 2012, at the Department of State, Washington,
DC.
Pursuant to section 10(d) of the Federal Advisory Committee Act, 5
U.S.C. App 10(d), and 5 U.S.C. 552b(c)(1), it has been determined that
this Board meeting will be closed to the public because the Board will
be reviewing and discussing matters properly classified in accordance
with Executive Order 13526. The purpose of the ISAB is to provide the
Department with a continuing source of independent advice on all
aspects of arms control, disarmament, political-military affairs,
international security and related aspects of public diplomacy. The
agenda for this meeting will include classified discussions related to
the Board's ongoing studies on current U.S. policy and issues regarding
arms control, international security, nuclear proliferation, and
diplomacy.
For more information, contact Richard W. Hartman II, Executive
Director of the International Security Advisory Board, U.S. Department
of State, Washington, DC 20520, telephone: (202) 736-4290.
Dated: July 31, 2012.
Richard W. Hartman, II,
Executive Director, International Security Advisory Board, U.S.
Department of State.
[FR Doc. 2012-19300 Filed 8-6-12; 8:45 am]
BILLING CODE 4710-24-P
