Agency Information Collection Activities: Requests for Comments; Clearance of Renewed Approval of Information Collection: Commercial Space Transportation Licensing Regulations, 66025-66026 [2014-26386]
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Federal Register / Vol. 79, No. 215 / Thursday, November 6, 2014 / Notices
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The Exchange represents that trading
in the Shares will be subject to the
existing trading surveillances,
administered by both Nasdaq and the
Financial Industry Regulatory Authority
(‘‘FINRA’’) on behalf of the Exchange,
which are designed to detect violations
of Exchange rules and applicable federal
securities laws.27 Prior to the
commencement of trading, the Exchange
states that it will inform its members in
an Information Circular of the special
characteristics and risks associated with
trading the Shares.
The Exchange represents that the
Shares are deemed to be equity
securities, thus rendering trading in the
Shares subject to the Exchange’s
existing rules governing the trading of
equity securities. In support of this
proposal, the Exchange has made the
following representations:
(1) The Shares will be subject to Rule
5735, which sets forth the initial and
continued listing criteria applicable to
Managed Fund Shares.
(2) The Exchange has appropriate
rules to facilitate transactions in the
Shares during all trading sessions.
(3) The Exchange’s surveillance
procedures are adequate to properly
monitor Exchange trading of the Shares
in all trading sessions and to deter and
detect violations of Exchange rules and
applicable federal securities laws.
FINRA, on behalf of the Exchange, will
communicate as needed regarding
trading in the Shares and the exchangetraded securities and instruments held
by the Fund, which include ADRs,
exchange-listed investment companies,
or other exchange-traded securities with
other markets and other entities that are
and its related personnel are subject to the
provisions of Rule 204A–1 under the Advisers Act
relating to codes of ethics. This Rule requires
investment advisers to adopt a code of ethics that
reflects the fiduciary nature of the relationship to
clients, as well as compliance with other applicable
securities laws. Accordingly, procedures designed
to prevent the communication and misuse of nonpublic information by an investment adviser must
be consistent with Rule 204A–1 under the Advisers
Act. In addition, Rule 206(4)–7 under the Advisers
Act makes it unlawful for an investment adviser to
provide investment advice to clients unless such
investment adviser has (i) adopted and
implemented written policies and procedures
reasonably designed to prevent violation, by the
investment adviser and its supervised persons, of
the Advisers Act and the Commission rules adopted
thereunder; (ii) implemented, at a minimum, an
annual review regarding the adequacy of the
policies and procedures established pursuant to
subparagraph (i) above and the effectiveness of their
implementation; and (iii) designated an individual
(who is a supervised person) responsible for
administering the policies and procedures adopted
under subparagraph (i) above.
27 The Exchange states that FINRA surveils
trading on the Exchange pursuant to a regulatory
services agreement and that the Exchange is
responsible for FINRA’s performance under this
regulatory services agreement.
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members of ISG, and FINRA may obtain
trading information regarding trading in
the Shares and such exchange-traded
equities held by the Fund from such
markets and other entities. In addition,
the Exchange may obtain information
regarding trading in the Shares and such
exchange-traded equities held by the
Fund from markets and other entities
that are members of ISG, or with which
the Exchange has in place a
comprehensive surveillance sharing
agreement. Moreover, FINRA, on behalf
of the Exchange, will be able to access,
as needed, trade information for certain
fixed income securities held by the
Fund reported to FINRA’s Trade
Reporting and Compliance Engine.
(4) Not more than 10% of the net
assets of the Fund, in the aggregate, will
be invested in (a) unlisted or
unsponsored ADRs, (b) ADRs not listed
on an exchange that is a member of ISG
or a party to a comprehensive
surveillance sharing agreement with the
Exchange, or (c) unlisted common
stocks or common stocks not listed on
an exchange that is a member of the ISG
or a party to a comprehensive
surveillance sharing agreement with the
Exchange.
(5) Prior to the commencement of
trading, the Exchange will inform its
members in an Information Circular of
the special characteristics and risks
associated with trading the Shares.
Specifically, the Information Circular
will discuss the following: (a) The
procedures for purchases and
redemptions of Shares in creation units
(and that Shares are not individually
redeemable); (b) Nasdaq Rule 2111A,
which imposes suitability obligations on
Nasdaq members with respect to
recommending transactions in the
Shares to customers; (c) the
dissemination of information regarding
the Intraday Indicative Value through
major index service providers such as
NASDAQ OMX proprietary index data
services or other major market
proprietary index services; (d) the risks
involved in trading the Shares during
the Pre-Market and Post-Market
Sessions when an updated Intraday
Indicative Value will not be calculated
or publicly disseminated; (e) the
requirement that members deliver a
prospectus to investors purchasing
newly issued Shares prior to or
concurrently with the confirmation of a
transaction; (f) trading information; and
(g) the dissemination of the Disclosed
Portfolio though the Fund’s Web site.
(6) For initial and continued listing,
the Fund must be in compliance with
Rule 10A–3 under the Act.28
(7) The Fund may hold up to an
aggregate amount of 15% of its net
assets in illiquid assets (calculated at
the time of investment). The Fund will
monitor its portfolio liquidity on an
ongoing basis to determine whether, in
light of current circumstances, an
adequate level of liquidity is being
maintained, and will consider taking
appropriate steps in order to maintain
adequate liquidity if, through a change
in values, net assets, or other
circumstances, more than 15% of the
Fund’s net assets are held in illiquid
assets.
(8) A minimum of 100,000 Shares will
be outstanding at the commencement of
trading on the Exchange.
This approval order is based on all of
the Exchange’s representations,
including those set forth above and in
the Notice, and the Exchange’s
description of the Fund.
For the foregoing reasons, the
Commission finds that the proposed
rule change is consistent with Section
6(b)(5) of the Act 29 and the rules and
regulations thereunder applicable to a
national securities exchange.
IV. Conclusion
It is therefore ordered, pursuant to
Section 19(b)(2) of the Act,30 that the
proposed rule change (SR–NASDAQ–
2014–090), as modified by Amendment
No. 1 thereto, be, and it hereby is,
approved.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.31
Kevin M. O’Neill,
Deputy Secretary.
[FR Doc. 2014–26343 Filed 11–5–14; 8:45 am]
BILLING CODE 8011–01–P
DEPARTMENT OF TRANSPORTATION
Federal Aviation Administration
Agency Information Collection
Activities: Requests for Comments;
Clearance of Renewed Approval of
Information Collection: Commercial
Space Transportation Licensing
Regulations
Federal Aviation
Administration (FAA), DOT.
ACTION: Notice and request for
comments.
AGENCY:
In accordance with the
Paperwork Reduction Act of 1995, FAA
invites public comments about our
SUMMARY:
29 15
U.S.C. 78f(b)(5).
U.S.C. 78s(b)(2).
31 17 CFR 200.30–3(a)(12).
30 15
28 See
PO 00000
17 CFR 240.10A–3.
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66025
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66026
Federal Register / Vol. 79, No. 215 / Thursday, November 6, 2014 / Notices
intention to request the Office of
Management and Budget (OMB)
approval to renew an information
collection. The Federal Register Notice
with a 60-day comment period soliciting
comments on the following collection of
information was published on
September 3, 2014, vol. 79, no. 170,
pages 52405–52406. The information
will determine if applicant proposals for
conducting commercial space launches
can be accomplished according to
regulations issued by the Office of the
Associate Administrator for Commercial
Space Transportation.
DATES: Written comments should be
submitted by December 8, 2014.
FOR FURTHER INFORMATION CONTACT:
Kathy DePaepe at (405) 954–9362, or by
email at: Kathy.DePaepe@faa.gov.
SUPPLEMENTARY INFORMATION:
OMB Control Number: 2120–0608.
Title: Commercial Space
Transportation Licensing Regulations.
Form Numbers: FAA Form 8800–1.
Type of Review: Renewal of an
information collection.
Background: The Commercial Space
Launch Act of 1984, 49 U.S.C. App.
2601—2623, as recodified at 49 U.S.C.
Subtitle IX, Ch. 701—Commercial Space
Launch Activities, 49 U.S.C. 70101–
70119 (1994), requires certain data be
provided in applying for a license to
conduct commercial space launch
activities. These data are required to
demonstrate to the Federal Aviation
Administration (FAA), Associate
Administrator for Commercial Space
Transportation (AST), that a license
applicant’s proposed activities meet
applicable public safety, national
security, and foreign policy interests of
the United States.
Respondents: Approximately 4 space
launch applicants.
Frequency: Information is collected
on occasion.
Estimated Average Burden per
Response: 1544.5 hours.
Estimated Total Annual Burden:
6,178 hours.
ADDRESSES: Interested persons are
invited to submit written comments on
the proposed information collection to
the Office of Information and Regulatory
Affairs, Office of Management and
Budget. Comments should be addressed
to the attention of the Desk Officer,
Department of Transportation/FAA, and
sent via electronic mail to oira_
submission@omb.eop.gov, or faxed to
(202) 395–6974, or mailed to the Office
of Information and Regulatory Affairs,
Office of Management and Budget,
Docket Library, Room 10102, 725 17th
Street NW., Washington, DC 20503.
Public Comments Invited: You are
asked to comment on any aspect of this
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19:46 Nov 05, 2014
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information collection, including (a)
Whether the proposed collection of
information is necessary for FAA’s
performance; (b) the accuracy of the
estimated burden; (c) ways for FAA to
enhance the quality, utility and clarity
of the information collection; and (d)
ways that the burden could be
minimized without reducing the quality
of the collected information. The agency
will summarize and/or include your
comments in the request for OMB’s
clearance of this information collection.
Issued in Washington, DC, on November 3,
2014.
Albert R. Spence,
FAA Assistant Information Collection
Clearance Officer, IT Enterprises Business
Services Division, ASP–110/.
[FR Doc. 2014–26386 Filed 11–5–14; 8:45 am]
BILLING CODE 4910–13–P
DEPARTMENT OF TRANSPORTATION
Federal Aviation Administration
Agency Information Collection
Activities: Requests for Comments;
Clearance of Renewed Approval of
Information Collection(s): Flight
Engineers and Flight Navigators
Federal Aviation
Administration (FAA), DOT.
ACTION: Notice and request for
comments.
AGENCY:
In accordance with the
Paperwork Reduction Act of 1995, FAA
invites public comments about our
intention to request the Office of
Management and Budget (OMB)
approval to renew an information
collection. The Federal Register Notice
with a 60-day comment period soliciting
comments on the following collection of
information was published on
September 3, 2014, vol. 79, no. 170,
pages 52404–52405. Information
collected is used to determine
certification eligibility of Flight
Engineers and Flight Navigators.
DATES: Written comments should be
submitted by December 8, 2014.
FOR FURTHER INFORMATION CONTACT:
Kathy DePaepe at (405) 954–9362, or by
email at: Kathy.DePaepe@faa.gov.
SUPPLEMENTARY INFORMATION:
OMB Control Number: 2120–0007.
Title: Flight Engineers and Flight
Navigators.
Form Numbers: FAA Form 8400–3.
Type of Review: Renewal of an
information collection.
Background: FAA Form 8400–3,
Application for an Airman Certificate
and/or Rating (for flight engineer and
flight navigator) and applications for
SUMMARY:
PO 00000
Frm 00105
Fmt 4703
Sfmt 4703
approval of related training courses are
submitted to FAA for evaluation. The
information is reviewed to determine
applicant eligibility and compliance
with prescribed provisions of FAR Part
63, Certification: Flight Crewmembers
Other Than Pilots.
Respondents: Approximately 1,004
flight engineers and flight navigators.
Frequency: Information is collected
on occasion.
Estimated Average Burden per
Response: 15 minutes.
Estimated Total Annual Burden: 498
hours.
ADDRESSES: Interested persons are
invited to submit written comments on
the proposed information collection to
the Office of Information and Regulatory
Affairs, Office of Management and
Budget. Comments should be addressed
to the attention of the Desk Officer,
Department of Transportation/FAA, and
sent via electronic mail to oira_
submission@omb.eop.gov, or faxed to
(202) 395–6974, or mailed to the Office
of Information and Regulatory Affairs,
Office of Management and Budget,
Docket Library, Room 10102, 725 17th
Street NW., Washington, DC 20503.
Public Comments Invited: You are
asked to comment on any aspect of this
information collection, including (a)
Whether the proposed collection of
information is necessary for FAA’s
performance; (b) the accuracy of the
estimated burden; (c) ways for FAA to
enhance the quality, utility and clarity
of the information collection; and (d)
ways that the burden could be
minimized without reducing the quality
of the collected information. The agency
will summarize and/or include your
comments in the request for OMB’s
clearance of this information collection.
Issued in Washington, DC, on November 3,
2014.
Albert R. Spence,
FAA Assistant Information Collection
Clearance Officer, IT Enterprises Business
Services Division, ASP–110.
[FR Doc. 2014–26399 Filed 11–5–14; 8:45 am]
BILLING CODE 4910–13–P
DEPARTMENT OF TRANSPORTATION
Federal Aviation Administration
Agency Information Collection
Activities: Requests for Comments;
Clearance of Renewed Approval of
Information Collection: Malfunction or
Defect Report
Federal Aviation
Administration (FAA), DOT.
ACTION: Notice and request for
comments.
AGENCY:
E:\FR\FM\06NON1.SGM
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]]>Agencies
[Federal Register Volume 79, Number 215 (Thursday, November 6, 2014)]
[Notices]
[Pages 66025-66026]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-26386]
=======================================================================
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DEPARTMENT OF TRANSPORTATION
Federal Aviation Administration
Agency Information Collection Activities: Requests for Comments;
Clearance of Renewed Approval of Information Collection: Commercial
Space Transportation Licensing Regulations
AGENCY: Federal Aviation Administration (FAA), DOT.
ACTION: Notice and request for comments.
-----------------------------------------------------------------------
SUMMARY: In accordance with the Paperwork Reduction Act of 1995, FAA
invites public comments about our
[[Page 66026]]
intention to request the Office of Management and Budget (OMB) approval
to renew an information collection. The Federal Register Notice with a
60-day comment period soliciting comments on the following collection
of information was published on September 3, 2014, vol. 79, no. 170,
pages 52405-52406. The information will determine if applicant
proposals for conducting commercial space launches can be accomplished
according to regulations issued by the Office of the Associate
Administrator for Commercial Space Transportation.
DATES: Written comments should be submitted by December 8, 2014.
FOR FURTHER INFORMATION CONTACT: Kathy DePaepe at (405) 954-9362, or by
email at: Kathy.DePaepe@faa.gov.
SUPPLEMENTARY INFORMATION:
OMB Control Number: 2120-0608.
Title: Commercial Space Transportation Licensing Regulations.
Form Numbers: FAA Form 8800-1.
Type of Review: Renewal of an information collection.
Background: The Commercial Space Launch Act of 1984, 49 U.S.C. App.
2601--2623, as recodified at 49 U.S.C. Subtitle IX, Ch. 701--Commercial
Space Launch Activities, 49 U.S.C. 70101-70119 (1994), requires certain
data be provided in applying for a license to conduct commercial space
launch activities. These data are required to demonstrate to the
Federal Aviation Administration (FAA), Associate Administrator for
Commercial Space Transportation (AST), that a license applicant's
proposed activities meet applicable public safety, national security,
and foreign policy interests of the United States.
Respondents: Approximately 4 space launch applicants.
Frequency: Information is collected on occasion.
Estimated Average Burden per Response: 1544.5 hours.
Estimated Total Annual Burden: 6,178 hours.
ADDRESSES: Interested persons are invited to submit written comments on
the proposed information collection to the Office of Information and
Regulatory Affairs, Office of Management and Budget. Comments should be
addressed to the attention of the Desk Officer, Department of
Transportation/FAA, and sent via electronic mail to
oira_submission@omb.eop.gov, or faxed to (202) 395-6974, or mailed to
the Office of Information and Regulatory Affairs, Office of Management
and Budget, Docket Library, Room 10102, 725 17th Street NW.,
Washington, DC 20503.
Public Comments Invited: You are asked to comment on any aspect of
this information collection, including (a) Whether the proposed
collection of information is necessary for FAA's performance; (b) the
accuracy of the estimated burden; (c) ways for FAA to enhance the
quality, utility and clarity of the information collection; and (d)
ways that the burden could be minimized without reducing the quality of
the collected information. The agency will summarize and/or include
your comments in the request for OMB's clearance of this information
collection.
Issued in Washington, DC, on November 3, 2014.
Albert R. Spence,
FAA Assistant Information Collection Clearance Officer, IT Enterprises
Business Services Division, ASP-110/.
[FR Doc. 2014-26386 Filed 11-5-14; 8:45 am]
BILLING CODE 4910-13-P
