Notice of Action Subject to Intergovernmental Review Under Executive Order, 51097-51098 [2012-20749]
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Federal Register / Vol. 77, No. 164 / Thursday, August 23, 2012 / Notices
in particular, in that it is designed 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, by
implementing new rules allowing the
Exchange to list options on Treasury
debt securities and allow trading
thereon.
The Exchange believes that the
proposed rules for listing and trading
Treasury securities options, including
options on Treasury notes and bonds,
are reasonable and consistent with the
Act. The Exchange believes that its
proposal would enhance competition
and provide access to an additional
trading and investing vehicle so that
traders and large, institutional, retail,
and public investors could more
effectively and closely tailor their
investing and hedging decisions.
The Exchange has proposed rules that
are specifically tailored for trading
Treasury security options. Pursuant to
these proposed rules, the underlying
Treasury securities may be approved as
appropriate for listing options subject to
requirements as to size of original
issuance, aggregate principal amount
outstanding, or years to maturity. The
proposed position limits, exercise
limits, margin rules, and other rules, in
conjunction with the current Exchange
rules, are particularly tailored for
Treasury securities options, reasonable,
and consistent with the Act. In
particular, the proposed position and
exercise limits reasonably balance the
promotion of a free and open market for
these securities with minimization of
incentives for market manipulation and
insider trading; and the proposed
margin rules are reasonably designed to
deter a member or its customer from
assuming an imprudent position in
Treasury securities options.
For these and previously-noted
reasons, the Exchange believes that the
proposal to allow the Exchange to list
and permit trading of Treasury
securities options would enhance
competition and provide access to
valuable additional trading and
investing vehicles. These would allow
traders and investors—including large
and institutional investors and retail
and public investors—to more
effectively tailor their investing and
hedging decisions in the current
challenging economic climate.
B. Self-Regulatory Organization’s
Statement on Burden on Competition
Phlx does not believe that the
proposed rule change will impose any
burden on competition not necessary or
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appropriate in furtherance of the
purposes of the Act. To the contrary, the
Exchange believes that its proposal is
pro-competitive. The proposal will
allow a new and innovative options
product to be listed and traded on the
Exchange. This will give market
participants the ability to significantly
expand their trading and hedging
capabilities.
C. Self-Regulatory Organization’s
Statement on Comments on the
Proposed Rule Change Received From
Members, Participants, or Others
No written comments were either
solicited or received.
III. Date of Effectiveness of the
Proposed Rule Change and Timing for
Commission Action
Within 45 days of the date of
publication of this notice in the Federal
Register or within such longer period (i)
as the Commission may designate up to
90 days of such date if it finds such
longer period to be appropriate and
publishes its reasons for so finding or
(ii) as to which the Exchange consents,
the Commission shall: (a) By order
approve or disapprove such proposed
rule change, or (b) institute proceedings
to determine whether the proposed rule
change should be disapproved.
51097
Copies of the submission, all subsequent
amendments, all written statements
with respect to the proposed rule
change that are filed with the
Commission, and all written
communications relating to the
proposed rule change between the
Commission and any person, other than
those that may be withheld from the
public in accordance with the
provisions of 5 U.S.C. 552, will be
available for Web site viewing and
printing in the Commission’s Public
Reference Room on official business
days between the hours of 10:00 a.m.
and 3:00 p.m. Copies of such filing also
will be available for inspection and
copying at the principal offices of the
Exchange. All comments received will
be posted without change; the
Commission does not edit personal
identifying information from
submissions. You should submit only
information that you wish to make
available publicly. All submissions
should refer to File Number SR–Phlx–
2012–105, and should be submitted on
or before September 13, 2012.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.75
Elizabeth M. Murphy,
Secretary.
[FR Doc. 2012–20714 Filed 8–22–12; 8:45 am]
IV. Solicitation of Comments
Interested persons are invited to
submit written data, views, and
arguments concerning the foregoing,
including whether the proposed rule
change is consistent with the Act.
Comments may be submitted by any of
the following methods:
BILLING CODE 8011–01–P
Electronic Comments
• Use the Commission’s Internet
comment form (https://www.sec.gov/
rules/sro.shtml); or
• Send an email to rulecomments@sec.gov. Please include File
Number SR–Phlx–2012–105 on the
subject line.
AGENCY:
Paper Comments
• Send paper comments in triplicate
to Elizabeth M. Murphy, Secretary,
Securities and Exchange Commission,
100 F Street NE., Washington, DC
20549–1090.
All submissions should refer to File
Number SR–Phlx–2012–105. This file
number should be included on the
subject line if email is used.
To help the Commission process and
review your comments more efficiently,
please use only one method. The
Commission will post all comments on
the Commission’s Internet Web site
(https://www.sec.gov/rules/sro.shtml).
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Sfmt 4703
SMALL BUSINESS ADMINISTRATION
Notice of Action Subject to
Intergovernmental Review Under
Executive Order
U.S. Small Business
Administration.
ACTION: Notice of Action Subject to
Intergovernmental Review Under
Executive Order 12372.
The Small Business
Administration (SBA) is notifying the
public that it intends to grant the
pending applications of 22 existing
Small Business Development Centers
(SBDCs) for refunding on October 1,
2012, subject to the availability of funds.
Nine states do not participate in the EO
12372 process; therefore, their addresses
are not included. A short description of
the SBDC program follows in the
supplementary information below.
The SBA is publishing this notice at
least 90 days before the expected
refunding date. The SBDCs and their
mailing addresses are listed below in
the address section. A copy of this
notice also is being furnished to the
SUMMARY:
75 17
E:\FR\FM\23AUN1.SGM
CFR 200.30–3(a)(12).
23AUN1
51098
Federal Register / Vol. 77, No. 164 / Thursday, August 23, 2012 / Notices
respective State single points of contact
designated under the Executive Order.
Each SBDC application must be
consistent with any area-wide small
business assistance plan adopted by a
State-authorized agency.
DATES: A State single point of contact
and other interested State or local
entities may submit written comments
regarding an SBDC refunding within 30
days from the date of publication of this
notice to the SBDC.
ADDRESSES:
ADDRESSES OF RELEVANT SBDC STATE DIRECTORS
Mr. Al Salgado, Region Director, Univ. of Texas at San Antonio, 501
West Cesar E. Chavez Blvd., San Antonio, TX 78207, (210) 458–
2742.
Mr. Clinton Tymes, State Director, University of Delaware, One Innovation Way, Suite 301, Newark, DE 19711, (302) 831–2747.
Mr. Michael Young, Region Director, University of Houston, 2302
Fannin, Suite 200, Houston, TX 77002, (713) 752–8425.
Mr. Mark Langford, Regional Director, Dallas Community College, 1402
Corinth Street, Dallas, TX 75212, (214) 860–5832.
Mr. Craig Bean, State Director, Texas Tech University, 2579 South
Loop 289, Suite 114, Lubbock, TX 79423–1637, (806) 745–3973.
Mr. Max Summers, State Director, University of Missouri, 410 South
Sixth Street, 200, Engineering North, Columbia, MO 65211, (573)
882–1348.
Ms. Lenae Quillen-Blume, State Director, Vermont Technical College,
P.O. Box 188, 1 Main Street, Randolph Center, VT 05061–0188,
(802) 728–3026.
Ms. Kristina Oliver, State Director, West Virginia Development Office,
1900 Kanawha Blvd., East, Bldg. 6, Rm. 504, Charleston, WV
25305, (304) 957–2087.
Ms. Carmen Marti, SBDC Director, Inter American University of Puerto
Rico, 416 Ponce de Leon Avenue, Union Plaza, Seventh Floor, San
Juan, PR 00918, (787) 763–6811.
Ms. Becky Naugle, State Director, University of Kentucky, One Quality
Street, Lexington, KY 40507, (859) 257–7668.
Ms. Rene Sprow, State Director, Univ. of Maryland @ College Park,
7100 Baltimore Avenue, Suite 401, Baltimore, MD 20742–1815,
(301) 403–8303.
Ms. Leonor Dottin, SBDC Director, University of the Virgin Islands,
8000 Niskey Center, Suite 720, St. Thomas, USVI 00802–5804,
(340) 776–3206.
Mr. Jim Heckman, State Director, Iowa State University, 2321 North
Loop Drive, Suite 202, Ames, IA 50011, (515) 294–2037.
Ann
Bradbury, Associate Administrator for
SBDCs, U.S. Small Business
Administration, 409 Third Street SW.,
Sixth Floor, Washington, DC 20416.
SUPPLEMENTARY INFORMATION:
Director. SBDCs must use at least 80
percent of the Federal funds to provide
services to small businesses. SBDCs use
volunteers and other low cost resources
as much as possible.
Description of the SBDC Program
An SBDC must have a full range of
business development and technical
assistance services in its area of
operations, depending upon local needs,
SBA priorities and SBDC program
objectives. Services include training and
counseling to existing and prospective
small business owners in management,
marketing, finance, operations,
planning, taxes, and any other general
or technical area of assistance that
supports small business growth.
The SBA district office and the SBDC
must agree upon the specific mix of
services. They should give particular
attention to SBA’s priority and special
emphasis groups, including veterans,
women, exporters, the disabled, and
minorities.
FOR FURTHER INFORMATION CONTACT:
A partnership exists between SBA
and an SBDC. SBDCs offer training,
counseling and other business
development assistance to small
businesses. Each SBDC provides
services under a negotiated Cooperative
Agreement with SBA, the general
management and oversight of SBA, and
a state plan initially approved by the
Governor. Non-Federal funds must
match Federal funds. An SBDC must
operate according to law, the
Cooperative Agreement, SBA’s
regulations, the annual Program
Announcement, and program guidance.
tkelley on DSK3SPTVN1PROD with NOTICES
Program Objectives
The SBDC program uses Federal
funds to leverage the resources of states,
academic institutions and the private
sector to:
(a) Strengthen the small business
community;
(b) Increase economic growth;
(c) Assist more small businesses; and
(d) Broaden the delivery system to
more small businesses.
SBDC Program Organization
The lead SBDC operates a statewide
or regional network of SBDC service
centers. An SBDC must have a full-time
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16:59 Aug 22, 2012
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SBDC Services
SBDC Program Requirements
Frm 00120
Fmt 4703
Sfmt 4703
Dated: August 16, 2012.
Ann Bradbury,
Acting Associate Administrator, Office of
Small Business Development Centers.
[FR Doc. 2012–20749 Filed 8–22–12; 8:45 am]
BILLING CODE P
SMALL BUSINESS ADMINISTRATION
Notice of Action Subject to
Intergovernmental Review Under
Executive Order
U.S. Small Business
Administration.
AGENCY:
Notice of Action Subject to
Intergovernmental Review.
ACTION:
The Small Business
Administration (SBA) is notifying the
public that it intends to grant the
pending applications of 39 existing
Small Business Development Centers
(SBDCs) for refunding on January 1,
2013 subject to the availability of funds.
Twenty states do not participate in the
EO 12372 process; therefore, their
addresses are not included. A short
description of the SBDC program
follows in the supplementary
information below.
SUMMARY:
An SBDC must meet programmatic
and financial requirements imposed by
statute, regulations or its Cooperative
Agreement. The SBDC must:
(a) Locate service centers so that they
are as accessible as possible to small
businesses;
(b) Open all service centers at least 40
hours per week, or during the normal
business hours of its state or academic
Host Organization, throughout the year;
PO 00000
(c) Develop working relationships
with financial institutions, the
investment community, professional
associations, private consultants and
small business groups; and
(d) Maintain lists of private
consultants at each service center.
E:\FR\FM\23AUN1.SGM
23AUN1
Agencies
[Federal Register Volume 77, Number 164 (Thursday, August 23, 2012)]
[Notices]
[Pages 51097-51098]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-20749]
=======================================================================
-----------------------------------------------------------------------
SMALL BUSINESS ADMINISTRATION
Notice of Action Subject to Intergovernmental Review Under
Executive Order
AGENCY: U.S. Small Business Administration.
ACTION: Notice of Action Subject to Intergovernmental Review Under
Executive Order 12372.
-----------------------------------------------------------------------
SUMMARY: The Small Business Administration (SBA) is notifying the
public that it intends to grant the pending applications of 22 existing
Small Business Development Centers (SBDCs) for refunding on October 1,
2012, subject to the availability of funds. Nine states do not
participate in the EO 12372 process; therefore, their addresses are not
included. A short description of the SBDC program follows in the
supplementary information below.
The SBA is publishing this notice at least 90 days before the
expected refunding date. The SBDCs and their mailing addresses are
listed below in the address section. A copy of this notice also is
being furnished to the
[[Page 51098]]
respective State single points of contact designated under the
Executive Order. Each SBDC application must be consistent with any
area-wide small business assistance plan adopted by a State-authorized
agency.
DATES: A State single point of contact and other interested State or
local entities may submit written comments regarding an SBDC refunding
within 30 days from the date of publication of this notice to the SBDC.
ADDRESSES:
Addresses of Relevant SBDC State Directors
------------------------------------------------------------------------
------------------------------------------------------------------------
Mr. Al Salgado, Region Director, Univ. Ms. Kristina Oliver, State
of Texas at San Antonio, 501 West Director, West Virginia
Cesar E. Chavez Blvd., San Antonio, TX Development Office, 1900
78207, (210) 458-2742. Kanawha Blvd., East, Bldg. 6,
Rm. 504, Charleston, WV 25305,
(304) 957-2087.
Mr. Clinton Tymes, State Director, Ms. Carmen Marti, SBDC
University of Delaware, One Innovation Director, Inter American
Way, Suite 301, Newark, DE 19711, University of Puerto Rico, 416
(302) 831-2747. Ponce de Leon Avenue, Union
Plaza, Seventh Floor, San
Juan, PR 00918, (787) 763-
6811.
Mr. Michael Young, Region Director, Ms. Becky Naugle, State
University of Houston, 2302 Fannin, Director, University of
Suite 200, Houston, TX 77002, (713) Kentucky, One Quality Street,
752-8425. Lexington, KY 40507, (859) 257-
7668.
Mr. Mark Langford, Regional Director, Ms. Rene Sprow, State Director,
Dallas Community College, 1402 Corinth Univ. of Maryland @ College
Street, Dallas, TX 75212, (214) 860- Park, 7100 Baltimore Avenue,
5832. Suite 401, Baltimore, MD 20742-
1815, (301) 403-8303.
Mr. Craig Bean, State Director, Texas Ms. Leonor Dottin, SBDC
Tech University, 2579 South Loop 289, Director, University of the
Suite 114, Lubbock, TX 79423-1637, Virgin Islands, 8000 Niskey
(806) 745-3973. Center, Suite 720, St. Thomas,
USVI 00802-5804, (340) 776-
3206.
Mr. Max Summers, State Director, Mr. Jim Heckman, State
University of Missouri, 410 South Director, Iowa State
Sixth Street, 200, Engineering North, University, 2321 North Loop
Columbia, MO 65211, (573) 882-1348. Drive, Suite 202, Ames, IA
50011, (515) 294-2037.
Ms. Lenae Quillen-Blume, State
Director, Vermont Technical College,
P.O. Box 188, 1 Main Street, Randolph
Center, VT 05061-0188, (802) 728-3026.
------------------------------------------------------------------------
FOR FURTHER INFORMATION CONTACT: Ann Bradbury, Associate Administrator
for SBDCs, U.S. Small Business Administration, 409 Third Street SW.,
Sixth Floor, Washington, DC 20416.
SUPPLEMENTARY INFORMATION:
Description of the SBDC Program
A partnership exists between SBA and an SBDC. SBDCs offer training,
counseling and other business development assistance to small
businesses. Each SBDC provides services under a negotiated Cooperative
Agreement with SBA, the general management and oversight of SBA, and a
state plan initially approved by the Governor. Non-Federal funds must
match Federal funds. An SBDC must operate according to law, the
Cooperative Agreement, SBA's regulations, the annual Program
Announcement, and program guidance.
Program Objectives
The SBDC program uses Federal funds to leverage the resources of
states, academic institutions and the private sector to:
(a) Strengthen the small business community;
(b) Increase economic growth;
(c) Assist more small businesses; and
(d) Broaden the delivery system to more small businesses.
SBDC Program Organization
The lead SBDC operates a statewide or regional network of SBDC
service centers. An SBDC must have a full-time Director. SBDCs must use
at least 80 percent of the Federal funds to provide services to small
businesses. SBDCs use volunteers and other low cost resources as much
as possible.
SBDC Services
An SBDC must have a full range of business development and
technical assistance services in its area of operations, depending upon
local needs, SBA priorities and SBDC program objectives. Services
include training and counseling to existing and prospective small
business owners in management, marketing, finance, operations,
planning, taxes, and any other general or technical area of assistance
that supports small business growth.
The SBA district office and the SBDC must agree upon the specific
mix of services. They should give particular attention to SBA's
priority and special emphasis groups, including veterans, women,
exporters, the disabled, and minorities.
SBDC Program Requirements
An SBDC must meet programmatic and financial requirements imposed
by statute, regulations or its Cooperative Agreement. The SBDC must:
(a) Locate service centers so that they are as accessible as
possible to small businesses;
(b) Open all service centers at least 40 hours per week, or during
the normal business hours of its state or academic Host Organization,
throughout the year;
(c) Develop working relationships with financial institutions, the
investment community, professional associations, private consultants
and small business groups; and
(d) Maintain lists of private consultants at each service center.
Dated: August 16, 2012.
Ann Bradbury,
Acting Associate Administrator, Office of Small Business Development
Centers.
[FR Doc. 2012-20749 Filed 8-22-12; 8:45 am]
BILLING CODE P