Federal Register / Vol. 71, No.
73 / Monday, April 17, 2006 / Notices 19781
Accordingly, the Commission finds
good cause for approving this proposed
rule change prior to the thirtieth day
after the date of publication of notice
thereof in the Federal Register.
Specifically, the Commission believes
that it is consistent with Section 19(b)(2)
of the Act 48 to approve the Exchange’s
proposed rule change prior to the
thirtieth day after publication of the
notice of filing thereof in the Federal
Register.
V. Conclusion
It is therefore ordered, pursuant to
Section 19(b)(2) of the Act,49 that the
proposed rule change (File No. SR–
CBOT–2006–01) is approved on an
accelerated basis.
For the Commission, by the Division of
Market Regulation, pursuant to delegated
authority.50
Nancy M. Morris,
Secretary.
[FR Doc. E6–5650 Filed 4–14–06; 8:45 am]
BILLING CODE 8010–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–53610; File No. SR–PCX–
2006–12]
Self-Regulatory Organizations; Pacific
Exchange, Inc. (n/k/a NYSE Arca, Inc.);
Order Granting Approval of Proposed
Rule Change Relating to Clearly
Erroneous Executions
April 6, 2006.
On February 23, 2006, the Pacific
Exchange, Inc. (n/k/a NYSE Arca, Inc.)
(‘‘Exchange’’) 1 filed with the Securities
and Exchange Commission
(‘‘Commission’’) a proposed rule change
pursuant to section 19(b)(1) of the
Securities Exchange Act of 1934
(‘‘Act’’),2 and Rule 19b-4 thereunder,3 to
amend PCX Equities, Inc. (n/k/a NYSE
Arca Equities, Inc.) (‘‘NYSE Arca
Equities’’) Rule 7.10(e) pertaining to
clearly erroneous executions of
securities issued in initial public
offerings (‘‘IPOs’’). The proposed rule
change was published for comment in
48 15 U.S.C. 78s(b)(2).
49 Id.
50 17 CFR 200.30–3(a)(12).
1 On March 6, 2006, the Exchange filed with the
Commission a proposed rule change, which was
effective upon filing, to change the name of the
dsatterwhite on PROD1PC76 with NOTICES
Exchange, as well as several other related entities,
to reflect the recent acquisition of PCX by
Archipelago Holdings, Inc. (‘‘Archipelago’’) and the
merger of NYSE with Archipelago. See File No. SR–
PCX–2006–24. All references herein have been
changed to reflect the aforementioned rule change.
2 15 U.S.C. 78s(b)(1).
3 17 CFR 240.19b–4.
VerDate Aug<31>2005 15:16 Apr 14, 2006 Jkt 208001
the Federal Register on March 3, 2006.4
The Commission received no comments
on the proposal. This order approves the
proposed rule change.
The proposed rule change would
revise the procedures in NYSE Arca
Equities Rule 7.10(e) relating to trade
nullifications (‘‘busts’’) and price
adjustments (‘‘adjusts’’) of the initial
trade of securities issued in IPOs that
are traded on the Archipelago Exchange
(n/k/a NYSE Arca Marketplace) on an
unlisted trading privileges basis.
Currently, initial trades on NYSE Arca
Marketplace of these securities that are
executed at prices of $1.00 or 10%
(whichever is lesser) away from the
primary listing exchange’s opening
price are automatically busted or
adjusted to the opening price of the
security on the primary listing
exchange. Under the proposed rule
change, NYSE Arca Equities staff would
have the discretion to bust or adjust
initial trades in IPO securities that are
executed at $1.00 or 10% (whichever is
lesser) away from the opening price on
the primary listing exchange. The
Exchange states that this discretion is
necessary because the primary listing
exchange often has multiple prices for
an IPO security during the first
moments that the IPO security begins to
trade.
The Commission finds that the
proposed rule change is consistent with
the requirements of the Act and the
rules and regulations thereunder
applicable to a national securities
exchange.5 In particular, the
Commission believes that the proposal
is consistent with section 6(b)(5) of the
Act,6 which requires that the rules of an
exchange be designed to prevent
fraudulent and manipulative acts and
practices, to promote just and equitable
principles of trade, to foster cooperation
and coordination with persons engaged
in facilitating transactions in securities,
and to remove impediments to and
perfect the mechanism of a free and
open market and a national market
system.
The Commission believes that the
proposed rule change, by granting NYSE
Arca Equities staff the discretion to bust
or adjust initial trades for IPO securities
that are executed at $1.00 or 10%
(whichever is lesser) away from the
primary listed exchange’s opening price,
and thus no longer require NYSE Arca
Equities staff to automatically bust or
adjust such trades, is designed to help
4 See Securities Exchange Act Release No. 53376
(February 27, 2006), 71 FR 11008 (‘‘Notice’’).
5 In approving this proposal, the Commission has
considered its impact on efficiency, competition,
and capital formation. See 15 U.S.C. 78c(f).
6 15 U.S.C. 78f(b)(5).
PO 00000 Frm 00100 Fmt 4703 Sfmt 4703 E:\FR\FM\17APN1.SGM
ensure that the Exchange’s clearly
erroneous execution rule is exercised in
a fair and reasonable manner. As the
Exchange noted, the primary listing
exchange’s opening price for an IPO
security may not necessarily be
indicative of the actual trading price of
the security, and, thus the Commission
believes that it is fair and reasonable for
NYSE Arca Equities staff to have the
discretion to review all prices at the
time the IPO security first trades on the
primary listing exchange to determine
whether it is appropriate to adjust or
bust the trade at issue.
It is therefore ordered, pursuant to
section 19(b)(2) of the Act,7 that the
proposed rule change (SR–PCX–2006–
12) is approved.
For the Commission, by the Division of
Market Regulation, pursuant to delegated
authority.8
Nancy M. Morris,
Secretary.
[FR Doc. E6–5609 Filed 4–14–06; 8:45 am]
BILLING CODE 8010–01–P
SMALL BUSINESS ADMINISTRATION
[Disaster Declaration # 10442 and # 10443]
Missouri Disaster #MO–00003
AGENCY: U.S. Small Business
Administration.
ACTION: Notice.
SUMMARY: This is a Notice of the
Presidential declaration of a major
disaster for the State of Missouri
(FEMA–1635–DR), dated 04/05/2006.
Incident: Severe Storms, Tornadoes,
and Flooding.
Incident Period: 03/30/2006 through
04/03/2006.
Effective Date: 04/05/2006.
Physical Loan Application Deadline
Date: 06/05/2006.
Economic Injury (EIDL) Loan
Application Deadline Date: 01/05/2007.
ADDRESSES: Submit completed loan
applications to: U.S. Small Business
Administration, National Processing
and Disbursement Center, 14925
Kingsport Road, Fort Worth, TX 76155.
FOR FURTHER INFORMATION CONTACT: A.
Escobar, Office of Disaster Assistance,
U.S. Small Business Administration,
409 3rd Street, SW., Suite 6050,
Washington, DC 20416.
SUPPLEMENTARY INFORMATION: Notice is
hereby given that as a result of the
President’s major disaster declaration on
04/05/2006, applications for disaster
loans may be filed at the address listed
7 15 U.S.C. 78s(b)(2).
8 17 CFR 200.30–3(a)(12).
17APN1
 19782 Federal Register / Vol. 71, No. 73 / Monday, April 17, 2006 / Notices
above or other locally announced
locations.
The following areas have been
determined to be adversely affected by
the disaster:
Primary Counties (Physical Damage
and Economic Injury Loans): Pemiscot.
Contiguous Counties (Economic
Injury Loans Only): Missouri: Dunklin,
New Madrid. Arkansas: Mississippi,
Tennessee: Dyer, Lake.
The Interest Rates are:
Percent
For Physical Damage:
Homeowners With Credit Avail-
able Elsewhere ......................
Homeowners Without Credit
Available Elsewhere ..............
Businesses With Credit Avail-
able Elsewhere ......................
Other (Including Non-Profit Or-
ganizations) With Credit
Available Elsewhere ..............
Businesses and Non-Profit Or-
ganizations Without Credit
Available Elsewhere ..............
For Economic Injury:
Businesses and Small Agricul-
tural Cooperatives Without
Credit Available Elsewhere ...
The number assigned to this disaster
for physical damage is 10442 C and for
economic injury is 10443 0.
(Catalog of Federal Domestic Assistance
Numbers 59002 and 59008)
Cheri L. Cannon,
Acting Associate Administrator for Disaster
Assistance.
[FR Doc. E6–5640 Filed 4–14–06; 8:45 am]
BILLING CODE 8025–01–P
SMALL BUSINESS ADMINISTRATION
[Disaster Declaration # 10440 and # 10441]
Tennessee Disaster # TN–00008
AGENCY: U.S. Small Business
Administration.
ACTION: Notice.
SUMMARY: This is a Notice of the
Presidential declaration of a major
disaster for the State of Tennessee
(FEMA–1634–DR), dated 04/05/2006.
Incident: Tornadoes and Severe
Storms.
Incident Period: 04/02/2006 through
04/03/2006.
Effective Date: 04/05/2006.
Physical Loan Application Deadline
dsatterwhite on PROD1PC76 with NOTICES
Date: 06/05/2006.
Economic Injury (EIDL) Loan
Application Deadline Date: 01/05/2007.
ADDRESSES: Submit completed loan
applications to: U.S. Small Business
Administration, National Processing
VerDate Aug<31>2005 15:16 Apr 14, 2006 Jkt 208001
and Disbursement Center, 14925
Kingsport Road, Fort Worth, TX 76155.
FOR FURTHER INFORMATION CONTACT: A.
Escobar, Office of Disaster Assistance,
U.S. Small Business Administration,
409 3rd Street, SW., Suite 6050,
Washington, DC 20416.
SUPPLEMENTARY INFORMATION: Notice is
hereby given that as a result of the
President’s major disaster declaration on
04/05/2006, applications for disaster
loans may be filed at the address listed
above or other locally announced
locations.
The following areas have been
determined to be adversely affected by
5.750 the disaster:
Primary Counties (Physical Damage
2.875 and Economic Injury Loans): Dyer,
Gibson.
7.408
Contiguous Counties (Economic
Injury Loans Only): Tennessee: Carroll,
5.000 Crockett, Lake, Lauderdale, Madison,
Obion, Weakley. Arkansas: Mississippi.
Missouri: Pemiscot.
4.000 The Interest Rates are:
4.000 For Physical Damage:
Homeowners With Credit Avail-
able Elsewhere ......................
Homeowners Without Credit
Available Elsewhere ..............
Businesses With Credit Available
Elsewhere .................................
Other (Including Non-Profit Or-
ganizations) With Credit
Available Elsewhere ..............
Businesses and Non-Profit Or-
ganizations Without Credit
Available Elsewhere ..............
For Economic Injury:
Businesses and Small Agricul-
tural Cooperatives Without
Credit Available Elsewhere ...
The number assigned to this
declaration for physical damage is
10440 C and for economic injury is
10441 0.
(Catalog of Federal Domestic Assistance
Numbers 59002 and 59008)
Cheri L. Cannon,
Acting Associate Administrator for Disaster
Assistance.
[FR Doc. E6–5641 Filed 4–14–06; 8:45 am]
BILLING CODE 8025–01–P
DEPARTMENT OF STATE
[Public Notice 5375]
U.S. National Commission for UNESCO
Notice of Open Teleconference
Meeting
The U.S. National Commission for
UNESCO will meet via telephone
PO 00000 Frm 00101 Fmt 4703 Sfmt 4703
conference on Thursday, April 27, 2006,
from 10 a.m. until 11 a.m. eastern time.
The purpose of the teleconference
meeting is to consider the
recommendations of the Commission’s
Subcommittee on the UNITWIN/
UNESCO Chairs Programme. The
Subcommittee was asked to review U.S.
applications for the Chairs program,
which seeks to foster cooperation
between universities in different
countries and to promote academic
solidarity and the transfer of knowledge.
The Commission may also discuss the
Library of Congress’s World Digital
Library initiative. More information on
the National Commission can be found
at http://www.state.gov/p/io/unesco.
The Commission will accept brief oral
comments during a portion of this
conference call. Members of the public
who wish to present oral comments or
to listen to the conference call must
make arrangements with the Executive
Secretariat of the National Commission
by 12 p.m. on April 26, 2006.
For more information or to arrange to
Percent participate in the teleconference
meeting, contact Alex Zemek, Deputy
Executive Director of the U.S. National
5.750
Commission for UNESCO, Washington,
DC 20037. Telephone: (202) 663–0026;
2.875 Fax: (202) 663–0035; E-mail:
DCUNESCO@state.gov.
7.408
Dated: April 11, 2006.
Alex Zemek,
5.000 Deputy Executive Secretary, U.S. National
Commission for UNESCO, Department of
State.
4.000 [FR Doc. E6–5661 Filed 4–14–06; 8:45 am]
BILLING CODE 4710–19–P
4.000
DEPARTMENT OF TRANSPORTATION
Federal Aviation Administration
Revised Noise Exposure Maps
Baltimore/Washington International
Thurgood Marshall Airport
AGENCY: Federal Aviation
Administration (FAA), DOT.
ACTION: Notice.
SUMMARY: The Federal Aviation
Administration (FAA) announces its
determination that the revised noise
exposure maps submitted by the
Maryland Aviation Administration for
Baltimore/Washington International
Thurgood Marshall Airport under the
provisions of Title I of the Aviation
Safety and Noise Abatement Act of 1979
(Pub. L. 96–193) and CFR part 150 are
in compliance with applicable
requirements.
E:\FR\FM\17APN1.SGM 17APN1