Notice of Determinations; Culturally Significant Objects Being Imported for Exhibition-Determinations: “Impressionism to Modernism: Monet to Matisse From the Bemberg Foundation” Exhibition, 30671-30672 [2021-12048]
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Federal Register / Vol. 86, No. 109 / Wednesday, June 9, 2021 / Notices
for compliance by member IDQSs with
the requirements of proposed Rule 6439.
The Commission notes that, despite
certain suggested modifications to the
proposed rule, all three commenters
supported FINRA’s proposal to enhance
regulatory requirements for IDQSs.94 In
addition to commenters’ suggested
modifications discussed above,95 two
commenters also suggested that FINRA
revise Rule 6437 (Prohibition from
Locking and Crossing), which currently
prohibits locking and crossing
quotations displayed in the same IDQS,
to also prohibit locking and crossing
displayed quotations between
connected IDQSs.96 In its response to
comments, FINRA stated that it has
been actively considering whether any
changes to the scope of Rule 6437 are
appropriate and that it will continue to
separately assess this issue outside of
the context of this proposed rule
change.97 The Commission agrees with
FINRA that the commenters’ suggestion
related to FINRA Rule 6437 is beyond
the scope of the proposed rule change.
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C. Section 17B of the Act
Finally, the Commission believes that
the proposed rule change to rescind the
rules related to the OTCBB and cease its
operation and adopt proposed Rule
6439 to expand the obligations of
member IDQSs that display quotations
in OTC Equity Securities is consistent
with Section 17B of the Act.98 FINRA
has operated the OTCBB pursuant to the
Commission’s obligations under Section
17B of the Act to facilitate the
widespread dissemination of quotation
information for penny stocks through an
automated quotation system operated by
a registered securities association.99
When Congress enacted Section 17B, it
found that there was a lack of reliable
and accurate quotation and last sale
information in the markets for penny
stocks.100 As such, Section 17B was
designed to remedy inefficiencies and
address regulatory concerns caused by
this lack of reliable market information
about penny stocks traded OTC, and
Congress found that a fully
94 See, generally, OTC Link Letter 1, STANY
Letter and Global OTC Letter, supra note 11.
95 See supra notes 68, 78–79, and 81 and
accompanying text.
96 See STANY Letter, supra note 11, at 3; OTC
Link Letter 1, supra note 11, at 4–5.
97 See FINRA Letter 1, supra note 12, at 6.
98 15 U.S.C. 78q–2. See also supra note 20.
Section 17B was enacted by Congress as part of the
Penny Stock Act, which was designed to remedy
inefficiencies and address regulatory concerns
caused by the lack of reliable market information
on penny stocks traded OTC.
99 See 15 U.S.C. 78q–2(b). See also OTCBB
Designation Letter, supra note 20.
100 See 15 U.S.C. 78q–2(a)(1).
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implemented automated quotation
system for penny stocks would meet the
information needs of investors and
market participants and add visibility
and regulatory and surveillance data to
that market.101
Based on how the OTC market has
evolved since the adoption of Section
17B,102 the Commission believes that
the OTCBB no longer furthers the goals
and objectives of Section 17B of the
Exchange Act because it no longer is
utilized as a source of quotation
information for those OTC Equity
Securities that meet the definition of
‘‘penny stock.’’ 103 Rather, member
IDQSs currently collect and disseminate
all quotation information in OTC Equity
Securities, including penny stocks, and
make such quotation information
available to investors and market
participants.104 Therefore, the
Commission finds that discontinuing
dissemination of potentially incomplete
and misleading quotation information
from the marketplace by ceasing
operation of the OTCBB, while at the
same time implementing enhanced
requirements for member IDQSs on or
through which quotations in OTC
Equity Securities, including penny
stocks, are currently displayed, as set
forth in proposed Rule 6439, best serves
and promotes the goals of Section 17B
of the Act with respect to the
widespread availability of quotation
information in penny stocks.105
FINRA has represented that, in
advance of the discontinuance of the
OTCBB, FINRA will take steps to ensure
a smooth transition for issuers and
members.106 Specifically, although there
are no members currently using the
OTCBB, FINRA will publicize
announcements through its website.107
In addition, FINRA has represented that,
following the cessation of the OTCBB,
FINRA will continue to assess the
widespread availability of quotation
transparency to investors and market
101 See
15 U.S.C. 78q–2(a)(3).
Public Law 101–429, 104 Stat. 931 (1990).
103 See supra notes 60–64 and accompanying text.
As noted above, the universe of securities
historically quoted in the OTCBB included penny
stocks as well as higher priced OTC Equity
Securities. See supra note 66.
104 See Notice, supra note 3, at 63318.
105 See supra note 20 and 66. As discussed above,
the Commission previously designated the OTCBB
as a QEQS for purposes of the Penny Stock Rules.
In connection with FINRA’s cessation of the
OTCBB, FINRA has stated that it intends to request
that the Commission designate the FINRA OTC
Reporting Facility (see infra note 109 and
accompanying text), together with any FINRAmember IDQS, as a QEQS for purposes of the Penny
Stock Rules. See supra note 66.
106 See Notice, supra note 3, at 63319.
107 See id. FINRA represents that there currently
are no OTCBB symbols. See id., at 63319, n.37.
102 See
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30671
participants through non-SRO sources
on a regular basis, and if the availability
of quotation information to investors
declines, FINRA will revisit and, if
necessary, file a proposed rule change to
establish an SRO-operated IDQS (or
other measure) to facilitate the type of
widespread quotation transparency
described in Section 17B of the Act.108
Finally, FINRA will continue to
centralize last sale transaction reporting
in OTC Equity Securities, including for
penny stock transactions, through the
FINRA OTC Reporting Facility (‘‘ORF’’),
a FINRA-operated system that provides
last sale information on OTC Equity
Securities.109 Thus, following cessation
of the OTCBB, member IDQSs subject to
proposed Rule 6439 will continue to
collect and disseminate quotation
information for OTC Equity Securities,
including penny stocks, while the ORF
will continue to collect and disseminate
real-time last sale price and volume
information for OTC Equity Securities,
including penny stocks.
IV. Conclusion
It is therefore ordered that, pursuant
to Section 19(b)(2) of the Act,110 the
proposed rule change (SR–FINRA–
2020–031), as modified by Amendment
No. 2, be, and hereby is, approved.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.111
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2021–12026 Filed 6–8–21; 8:45 am]
BILLING CODE 8011–01–P
DEPARTMENT OF STATE
[Public Notice: 11439]
Notice of Determinations; Culturally
Significant Objects Being Imported for
Exhibition—Determinations:
‘‘Impressionism to Modernism: Monet
to Matisse From the Bemberg
Foundation’’ Exhibition
Notice is hereby given of the
following determinations: I hereby
determine that certain objects being
imported from abroad pursuant to an
agreement with their foreign owner or
custodian for temporary display in the
SUMMARY:
108 See
id.
FINRA Rule 6600 and 7300 Series (OTC
Reporting Facility). FINRA members generally are
required to report trades in OTC Equity Securities
to the ORF within 10 seconds of execution and
FINRA widely disseminates this transaction
information in real-time. See FINRA Rule 6622
(Transaction Reporting). See also Notice, supra note
3, at 63318, n.36.
110 15 U.S.C. 78s(b)(2).
111 17 CFR 200.30–3(a)(12).
109 See
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30672
Federal Register / Vol. 86, No. 109 / Wednesday, June 9, 2021 / Notices
exhibition ‘‘Impressionism to
Modernism: Monet to Matisse from the
Bemberg Foundation’’ at the Museum of
Fine Arts, Houston, in Houston, Texas,
and at possible additional exhibitions or
venues yet to be determined, are of
cultural significance, and, further, that
their temporary exhibition or display
within the United States as
aforementioned is in the national
interest. I have ordered that Public
Notice of these determinations be
published in the Federal Register.
Chi
D. Tran, Program Administrator, Office
of the Legal Adviser, U.S. Department of
State (telephone: 202–632–6471; email:
section2459@state.gov). The mailing
address is U.S. Department of State, L/
PD, SA–5, Suite 5H03, Washington, DC
20522–0505.
FOR FURTHER INFORMATION CONTACT:
The
foregoing determinations were made
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.
SUPPLEMENTARY INFORMATION:
Matthew R. Lussenhop,
Acting Assistant Secretary, Bureau of
Educational and Cultural Affairs, Department
of State.
[FR Doc. 2021–12048 Filed 6–8–21; 8:45 am]
BILLING CODE 4710–05–P
STATE JUSTICE INSTITUTE
SJI Board of Directors Meeting
AGENCY:
ACTION:
State Justice Institute.
Notice of meeting.
The SJI Board of Directors
will be meeting on Monday, June 21,
2021 at 2 p.m. ET. The purpose of this
meeting is to consider grant applications
for the 3rd quarter of FY 2021, and other
business.
SUMMARY:
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FOR FURTHER INFORMATION CONTACT:
Jonathan Mattiello, Executive Director,
State Justice Institute, 12700 Fair Lakes
Circle, Suite 340, Fairfax, VA 22033,
703–660–4979, contact@sji.gov.
Jonathan D. Mattiello,
Executive Director.
[FR Doc. 2021–12015 Filed 6–8–21; 8:45 am]
BILLING CODE 6820–SC–P
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DEPARTMENT OF TRANSPORTATION
Federal Motor Carrier Safety
Administration
SUPPLEMENTARY INFORMATION:
[Docket No. FMCSA–2021–0007]
I. Public Participation
Qualification of Drivers; Exemption
Applications; Vision
Federal Motor Carrier Safety
Administration (FMCSA), Department
of Transportation (DOT).
ACTION: Notice of applications for
exemption; request for comments.
AGENCY:
FMCSA announces receipt of
applications from 13 individuals for an
exemption from the vision requirement
in the Federal Motor Carrier Safety
Regulations (FMCSRs) to operate a
commercial motor vehicle (CMV) in
interstate commerce. If granted, the
exemptions will enable these
individuals to operate CMVs in
interstate commerce without meeting
the vision requirement in one eye.
DATES: Comments must be received on
or before July 9, 2021.
ADDRESSES: You may submit comments
identified by the Federal Docket
Management System (FDMS) Docket No.
FMCSA–2021–0007 using any of the
following methods:
• Federal eRulemaking Portal: Go to
www.regulations.gov/, insert the docket
number, FMCSA–2021–0007, in the
keyword box, and click ‘‘Search.’’ Next,
sort the results by ‘‘Posted (NewerOlder),’’ choose the first notice listed,
and click on the ‘‘Comment’’ button.
Follow the online instructions for
submitting comments.
• Mail: Dockets Operations; U.S.
Department of Transportation, 1200
New Jersey Avenue SE, West Building
Ground Floor, Room W12–140,
Washington, DC 20590–0001.
• Hand Delivery: West Building
Ground Floor, Room W12–140, 1200
New Jersey Avenue SE, Washington,
DC, between 9 a.m. and 5 p.m., ET,
Monday through Friday, except Federal
Holidays.
• Fax: (202) 493–2251.
To avoid duplication, please use only
one of these four methods. See the
‘‘Public Participation’’ portion of the
SUPPLEMENTARY INFORMATION section for
instructions on submitting comments.
FOR FURTHER INFORMATION CONTACT: Ms.
Christine A. Hydock, Chief, Medical
Programs Division, (202) 366–4001,
fmcsamedical@dot.gov, FMCSA, DOT,
1200 New Jersey Avenue SE, Room
W64–224, Washington, DC 20590–0001.
Office hours are 8:30 a.m. to 5 p.m., ET,
Monday through Friday, except Federal
holidays. If you have questions
SUMMARY:
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regarding viewing or submitting
material to the docket, contact Dockets
Operations, (202) 366–9826.
A. Submitting Comments
If you submit a comment, please
include the docket number for this
notice (Docket No. FMCSA–2021–0007),
indicate the specific section of this
document to which each comment
applies, and provide a reason for each
suggestion or recommendation. You
may submit your comments and
material online or by fax, mail, or hand
delivery, but please use only one of
these means. FMCSA recommends that
you include your name and a mailing
address, an email address, or a phone
number in the body of your document
so that FMCSA can contact you if there
are questions regarding your
submission.
To submit your comment online, go to
www.regulations.gov/docket?D=FMCSA2021-0007. Next, sort the results by
‘‘Posted (Newer-Older),’’ choose the first
notice listed, click the ‘‘Comment’’
button, and type your comment into the
text box on the following screen. Choose
whether you are submitting your
comment as an individual or on behalf
of a third party and then submit.
If you submit your comments by mail
or hand delivery, submit them in an
unbound format, no larger than 81⁄2 by
11 inches, suitable for copying and
electronic filing. If you submit
comments by mail and would like to
know that they reached the facility,
please enclose a stamped, self-addressed
postcard or envelope.
FMCSA will consider all comments
and material received during the
comment period.
B. Viewing Comments
To view comments go to
www.regulations.gov. Insert the docket
number, FMCSA–2021–0007, in the
keyword box, and click ‘‘Search.’’ Next,
sort the results by ‘‘Posted (NewerOlder),’’ choose the first notice listed,
and click ‘‘Browse Comments.’’ If you
do not have access to the internet, you
may view the docket online by visiting
Dockets Operations in Room W12–140
on the ground floor of the DOT West
Building, 1200 New Jersey Avenue SE,
Washington, DC 20590–0001, between 9
a.m. and 5 p.m., ET, Monday through
Friday, except Federal holidays. To be
sure someone is there to help you,
please call (202) 366–9317 or (202) 366–
9826 before visiting Dockets Operations.
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]]>Agencies
[Federal Register Volume 86, Number 109 (Wednesday, June 9, 2021)]
[Notices]
[Pages 30671-30672]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-12048]
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DEPARTMENT OF STATE
[Public Notice: 11439]
Notice of Determinations; Culturally Significant Objects Being
Imported for Exhibition--Determinations: ``Impressionism to Modernism:
Monet to Matisse From the Bemberg Foundation'' Exhibition
SUMMARY: Notice is hereby given of the following determinations: I
hereby determine that certain objects being imported from abroad
pursuant to an agreement with their foreign owner or custodian for
temporary display in the
[[Page 30672]]
exhibition ``Impressionism to Modernism: Monet to Matisse from the
Bemberg Foundation'' at the Museum of Fine Arts, Houston, in Houston,
Texas, and at possible additional exhibitions or venues yet to be
determined, are of cultural significance, and, further, that their
temporary exhibition or display within the United States as
aforementioned is in the national interest. I have ordered that Public
Notice of these determinations be published in the Federal Register.
FOR FURTHER INFORMATION CONTACT: Chi D. Tran, Program Administrator,
Office of the Legal Adviser, U.S. Department of State (telephone: 202-
632-6471; email: [email protected]). The mailing address is U.S.
Department of State, L/PD, SA-5, Suite 5H03, Washington, DC 20522-0505.
SUPPLEMENTARY INFORMATION: The foregoing determinations were made
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.
Matthew R. Lussenhop,
Acting Assistant Secretary, Bureau of Educational and Cultural Affairs,
Department of State.
[FR Doc. 2021-12048 Filed 6-8-21; 8:45 am]
BILLING CODE 4710-05-P
