Kokomo Rail, LLC-Acquisition and Operation Exemption-Rail Line of Kokomo Rail Co., Inc., 84673 [2016-28222]
Download as PDF
Federal Register / Vol. 81, No. 226 / Wednesday, November 23, 2016 / Notices
implementation period of the proposal
from one year to 18 months.
The Commission finds that requiring
members to include a reference or
hyperlink to a security-specific TRACE
Web page and include the time of trade
on all retail customer confirmations is
responsive to commenters’ requests for
harmonization of the FINRA Proposal
and MSRB Proposal and therefore
helped the Commission find that the
proposed rule change, as modified by
Amendment No. 1, is consistent with
Section 15A(b)(6) of the Act,244 which
requires, among other things, that
FINRA’s 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,
and Section 15A(b)(9) of the Act,245
which requires, among other things, that
FINRA’s rules do not impose any
burden on competition not necessary or
appropriate in furtherance of the
purposes of the Act. The Commission
notes that the addition of the term
‘‘offsetting’’ to the rule is solely a
clarification for the avoidance of doubt
and that the change does not alter the
substance of the rule. Furthermore,
extension of the implementation period
of the proposal from one year to 18
months is appropriate and responsive to
the operational and implementation
concerns raised by commenters. The
Commission also notes that after
consideration of the comments the
MSRB received on its proposal to
require a security-specific hyperlink to
EMMA and the execution time of the
transaction, the MSRB amended its
proposal in a manner that is identical to
the Amendment No. 1 that FINRA has
filed.246 The Commission notes that it
today has approved the MSRB Proposal,
as modified by MSRB Amendment No.
1, and believes that in the interests of
promoting efficiency in the
implementation of both proposals, it is
appropriate to approve FINRA’s
proposal, as modified by Amendment
No. 1, concurrently. Accordingly, the
Commission finds good cause, pursuant
to Section 19(b)(2) of the Exchange
Act,247 to approve the proposed rule
change, as modified by Amendment No.
1, on an accelerated basis.
mstockstill on DSK3G9T082PROD with NOTICES
It Is Therefore Ordered, pursuant to
Section 19(b)(2) of the Act,248 that the
244 15
U.S.C. 78o 3(b)(6).
U.S.C. 78o 3(b)(9).
246 See MSRB Amendment No. 1, supra note 13,
at 4–5.
247 15 U.S.C. 78s(b)(2).
248 15 U.S.C. 78s(b)(2).
245 15
18:04 Nov 22, 2016
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.249
Brent J. Fields,
Secretary.
[FR Doc. 2016–28190 Filed 11–22–16; 8:45 am]
BILLING CODE 8011–01–P
SURFACE TRANSPORTATION BOARD
[Docket No. FD 36069]
Kokomo Rail, LLC—Acquisition and
Operation Exemption—Rail Line of
Kokomo Rail Co., Inc.
Kokomo Rail, LLC (KR), a noncarrier,
has filed a verified notice of exemption 1
under 49 C.F.R 1150.31 to acquire, from
Kokomo Rail Co., Inc. (KRC),2 and to
operate, approximately 12.55 miles of
rail line between milepost 134.48 at or
near Marion and milepost 147.07 at or
near Amboy, in Howard and Grant
Counties, Ind. (the Line).
According to KR, KRC acquired the
12.55-mile line from CSX
Transportation, Inc.3 KR states that KRC
was voluntarily dissolved as a
corporation, and that dissolution makes
it necessary to transfer KRC’s authority
to own and operate the Line from KRC
to KR.
KR states that the proposed
transaction does not involve any
interchange commitments. KR certifies
that its projected annual revenues as a
result of this transaction will not result
in the creation of a Class I or Class II rail
carrier and that its projected annual
revenues do not exceed $5 million.
The transaction may be consummated
on or after December 7, 2016, the
effective date of the exemption (30 days
after the verified notice was filed).
If the verified notice contains false or
misleading information, the exemption
is void ab initio. Petitions to revoke the
exemption under 49 U.S.C. 10502(d)
may be filed at any time. The filing of
a petition to revoke will not
automatically stay the effectiveness of
249 17
CFR 200.30–3(a)(12).
verified notice was originally filed on
October 27, 2016. On November 7, 2016, KR filed
supplemental information, including the relevant
mileposts, and noted that KRC was dissolved in
1999. Therefore, November 7, 2016, is the official
filing date.
2 KR is an affiliate of Kokomo Grain Co., Inc., as
was KRC.
3 See Kokomo Rail Co.—Acquis. & Operation
Exemption—Line of CSX Transp. Between Marion
& Amboy, Ind., FD 32231 et al. (ICC served Dec. 15,
1993).
1 The
V. Conclusion
VerDate Sep<11>2014
proposed rule change (SR–FINRA–
2016–032), as modified by Amendment
No. 1, is approved on an accelerated
basis.
Jkt 241001
PO 00000
Frm 00127
Fmt 4703
Sfmt 4703
84673
the exemption. Petitions to stay must be
filed no later than November 30, 2016
(at least seven days before the
exemption becomes effective).
An original and 10 copies of all
pleadings, referring to Docket No. FD
36069, must be filed with the Surface
Transportation Board, 395 E Street SW.,
Washington, DC 20423–0001. In
addition, a copy of each pleading must
be served on applicant’s representative,
Thomas F. McFarland, Thomas F.
McFarland, P.C., 208 South LaSalle
Street, Suite 1666, Chicago, IL 60604.
According to KR, this action is
categorically excluded from
environmental review under 49 CFR
1105.6(c).
Board decisions and notices are
available on our Web site at
‘‘WWW.STB.GOV.’’
Decided: November 18, 2016.
By the Board, Scott M. Zimmerman, Acting
Director, Office of Proceedings.
Rena Laws-Byrum,
Clearance Clerk.
[FR Doc. 2016–28222 Filed 11–22–16; 8:45 am]
BILLING CODE 4915–01–P
SURFACE TRANSPORTATION BOARD
[Docket No. AB 290 (Sub-No. 343X)]
Central of Georgia Railroad
Company—Abandonment Exemption—
in Newton County, Ga.
Surface Transportation Board.
Correction to notice of
exemption.
AGENCY:
ACTION:
On July 1, 2013, Central of Georgia
Railroad Company (CGA) 1 filed a
verified notice of exemption under 49
CFR pt. 1152 subpart F—Exempt
Abandonments to abandon
approximately 14.90 miles of rail line
between milepost E 65.80 and milepost
E 80.70, in Newton County, Ga. The
notice was served and published in the
Federal Register on July 19, 2013 (78 FR
43,273).
Before the exemption became
effective, Newton County Trail-Path
Foundation, Inc. (Newton Trail) filed a
request for a notice of interim trail use
(NITU). The Board issued a NITU on
August 19, 2013, and on September 28,
2016, CGA and Newton Trail filed a
notice informing the Board that they
had entered into a lease agreement for
interim trail use and rail banking for the
14.90 miles of rail line that was subject
to abandonment.
On October 14, 2016, CGR filed a
letter stating that the map attached as
1 CGA is a wholly owned subsidiary of Norfolk
Southern Railway Company.
E:\FR\FM\23NON1.SGM
23NON1
Agencies
[Federal Register Volume 81, Number 226 (Wednesday, November 23, 2016)]
[Notices]
[Page 84673]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-28222]
=======================================================================
-----------------------------------------------------------------------
SURFACE TRANSPORTATION BOARD
[Docket No. FD 36069]
Kokomo Rail, LLC--Acquisition and Operation Exemption--Rail Line
of Kokomo Rail Co., Inc.
Kokomo Rail, LLC (KR), a noncarrier, has filed a verified notice of
exemption \1\ under 49 C.F.R 1150.31 to acquire, from Kokomo Rail Co.,
Inc. (KRC),\2\ and to operate, approximately 12.55 miles of rail line
between milepost 134.48 at or near Marion and milepost 147.07 at or
near Amboy, in Howard and Grant Counties, Ind. (the Line).
---------------------------------------------------------------------------
\1\ The verified notice was originally filed on October 27,
2016. On November 7, 2016, KR filed supplemental information,
including the relevant mileposts, and noted that KRC was dissolved
in 1999. Therefore, November 7, 2016, is the official filing date.
\2\ KR is an affiliate of Kokomo Grain Co., Inc., as was KRC.
---------------------------------------------------------------------------
According to KR, KRC acquired the 12.55-mile line from CSX
Transportation, Inc.\3\ KR states that KRC was voluntarily dissolved as
a corporation, and that dissolution makes it necessary to transfer
KRC's authority to own and operate the Line from KRC to KR.
---------------------------------------------------------------------------
\3\ See Kokomo Rail Co.--Acquis. & Operation Exemption--Line of
CSX Transp. Between Marion & Amboy, Ind., FD 32231 et al. (ICC
served Dec. 15, 1993).
---------------------------------------------------------------------------
KR states that the proposed transaction does not involve any
interchange commitments. KR certifies that its projected annual
revenues as a result of this transaction will not result in the
creation of a Class I or Class II rail carrier and that its projected
annual revenues do not exceed $5 million.
The transaction may be consummated on or after December 7, 2016,
the effective date of the exemption (30 days after the verified notice
was filed).
If the verified notice contains false or misleading information,
the exemption is void ab initio. Petitions to revoke the exemption
under 49 U.S.C. 10502(d) may be filed at any time. The filing of a
petition to revoke will not automatically stay the effectiveness of the
exemption. Petitions to stay must be filed no later than November 30,
2016 (at least seven days before the exemption becomes effective).
An original and 10 copies of all pleadings, referring to Docket No.
FD 36069, must be filed with the Surface Transportation Board, 395 E
Street SW., Washington, DC 20423-0001. In addition, a copy of each
pleading must be served on applicant's representative, Thomas F.
McFarland, Thomas F. McFarland, P.C., 208 South LaSalle Street, Suite
1666, Chicago, IL 60604.
According to KR, this action is categorically excluded from
environmental review under 49 CFR 1105.6(c).
Board decisions and notices are available on our Web site at
``WWW.STB.GOV.''
Decided: November 18, 2016.
By the Board, Scott M. Zimmerman, Acting Director, Office of
Proceedings.
Rena Laws-Byrum,
Clearance Clerk.
[FR Doc. 2016-28222 Filed 11-22-16; 8:45 am]
BILLING CODE 4915-01-P