Federal Register / Vol. 77, No. 83 / Monday, April 30, 2012 / Notices 25523 

4 15 U.S.C. 78s(b)(2)(B). 

5 15 U.S.C. 78a–1(b)(3)(F). 

6 15 U.S.C. 78q–1. 

7 15 U.S.C. 78s(b)(2). 

8 In approving this proposed rule change the 

Commission has considered the proposed rule’s 

impact of efficiency, competition, and capital 

formation. See 15 U.S.C. 78c(f). 

9 17 CFR 200.30–3(a)(12). 

1. ‘‘Non-Conversion Participants’’/ 

‘‘Conversion Participants’’ 

When first implemented, the DVP 

System required all participants that 

submitted when issued trades to 

resubmit those trades with final money 

calculations on the night of Auction 

Date, after the Treasury auction results 

were announced. Subsequent to the 

initial implementation, enhancements 

were incorporated such that the DVP 

System recalculated trades (repriced) 

based on auction results. FICC also 

incorporated an option whereby 

participants could decide if they wanted 

to resubmit their trades (participants 

who elected this option were known as 

‘‘Non-Conversion Participants’’) or take 

FICC’s repricing notification 

(participants who elected this option 

were known as ‘‘Conversion 

Participants’’). With the implementation 

of Interactive Messaging in 2000, the 

few remaining Non-Conversion 

Participants agreed to take FICC’s 

calculations, rather than resubmit their 

trades to FICC. As such, FICC proposed 

to remove references in the rules to 

Non-Conversion Participants. Given that 

all participants who submit whenissued transactions for matching/netting 

are subject to accepting FICC’s 

calculations for their trades based on 

Treasury auction results, the proposed 

rule changes replace references to 

‘‘Conversion Participants’’ with 

‘‘Participants.’’ 

2. Auction Priority Delivery Requests 

and Customer Delivery Requests 

(‘‘CDR’’s) 

Auction Priority Delivery Requests, 

also known as CDRs, were originally 

built for FICC’s batch file transfer, 

which was the initial proprietary 

method that participants used to submit 

trade activity to FICC. This functionality 

allowed the dealer to instruct FICC to 

withhold certain auction trades from the 

net to ensure that a priority client 

received its auction allotment so the 

trade could not be netted out during 

FICC’s end of day netting process. 

However, when Interactive Messaging 

was implemented in 2000, this 

instruction type was not supported as it 

was no longer used. As a result, FICC 

proposed to remove references in the 

rules to Auction Priority Delivery 

Requests and CDRs. 

3. Repo Substitution Criteria 

FICC initially provided optional fields 

for Repo Substitution Criteria for trade 

submissions. However, over the years, 

participants generally have not used 

these fields. Because the fields were 

provided as an informational courtesy 

that has not been used by participants, 

FICC is deleting references to those 

fields in its rules. 

In addition to the above-referenced 

changes, FICC proposed to make the 

following additional technical 

corrections to the GSD rules: 

—Terminal interfaces and video display 

terminals are currently referenced in 

the rules. The terminals became 

obsolete when FICC replaced them 

with a web browser interface. Because 

the terminals are no longer in 

existence, FICC proposed to remove 

references to these methods from the 

GSD rules. 

—Currently, the ‘‘Schedule of Required 

and Other Data Submission Items 

from GCF Repo Transactions’’ refers 

to ‘‘Reverse dealer Exec. Id’’ and a 

‘‘Repo dealer Exec Id.’’ When FICC 

began using the GSD RTTM web 

format, these fields were eliminated 

because they did not have any 

significance for GCF repo trades. As a 

result, FICC proposed to remove these 

references from the rules. 

III. Discussion 

Section 19(b)(2)(B) of the Act 4 directs 

the Commission to approve a proposed 

rule change of a self-regulatory 

organization if it finds that such 

proposed rule change is consistent with 

the requirements of the Act and the 

rules and regulations thereunder 

applicable to such organization. Section 

17A(b)(3)(F) of the Act requires that the 

rules of a registered clearing agency be 

designed to promote the prompt and 

accurate clearance and settlement of 

securities transactions.5 The proposed 

rule change clarifies GSD’s rules by 

removing references to functions or 

classifications that are either 

technologically obsolete or no longer 

utilized by GSD’s participants. The 

Commission believes that these 

clarifications will promote the prompt 

and accurate clearance and settlement of 

securities transactions for which FICC is 

responsible by ensuring that GSD’s rules 

describe only functions and 

classifications that are actually offered 

by GSD. 

IV. Conclusion 

On the basis of the foregoing, the 

Commission finds that the proposal is 

consistent with the requirements of the 

Act and in particular with the 

requirements of Section 17A of the Act 6

and the rules and regulations 

thereunder. 

It is therefore ordered, pursuant to 

Section 19(b)(2) 7 of the Act, that the 

proposed rule change (File No. SR– 

FICC–2012–02) be, and hereby is, 

approved.8

For the Commission by the Division of 

Trading and Markets, pursuant to delegated 

authority.9

Kevin M. O’Neill, 

Deputy Secretary. 

[FR Doc. 2012–10308 Filed 4–27–12; 8:45 am] 

BILLING CODE 8011–01–P 

DEPARTMENT OF TRANSPORTATION 

Office of the Secretary 

Semi-Annual Workforce Management 

Conference 

AGENCY: U.S. Department of 

Transportation, Office of the Secretary 

of Transportation. 

ACTION: Notice of Conference. 

SUMMARY: The Department of 

Transportation, Office of the Secretary, 

announces the second Semi-Annual 

Workforce Management Conference. 

The Conference will be hosted by the 

Secretary of Transportation, Ray 

LaHood. It will be held in Washington, 

DC. This conference was recommended 

by the former Future of Aviation 

Advisory Committee (FAAC). 

DATES: The Conference will be held June 

21, 2012, from 9:00 a.m. to 12:30 p.m. 

(EDT). 

ADDRESSES: The Conference will be held 

at the Department of Transportation, 

1200 New Jersey Avenue SE., 

Washington, DC 20590, in the atrium on 

the ground floor of the West Building 

located across the street from the Navy 

Yard (Green Line) Metro station. 

Public Access: Members of the public 

and members of the aviation community 

are invited to attend. Pre-registration is 

required of all attendees. (See below for 

registration instructions) 

SUPPLEMENTARY INFORMATION: The 

agenda will include aviation workforce 

development issues that focus on the 

need for a future workforce with solid 

foundations in the STEM disciplines, 

best practices for addressing labor/ 

management issues, and safety. 

Registration 

• Space is limited. Registration will 

be available on a first-come, first-serve 

mstockstill on DSK4VPTVN1PROD with NOTICES

25524 Federal Register / Vol. 77, No. 83 / Monday, April 30, 2012 / Notices 

basis. Once the maximum number of 

300 registrants has been reached, 

registration will close. All requests to 

attend this Conference must be received 

by close of business Tuesday, June 19. 

• All foreign nationals must provide 

their date of birth and passport number 

by Monday, June 18. 

• Persons with disabilities who 

require special assistance should advise 

the Department at FAAC@dot.gov, under 

the subject line of ‘‘Special Assistance’’ 

of their anticipated special needs as 

early as possible. 

• To register: Send an email to 

FAAC@dot.gov under the subject line 

‘‘Registration’’ with the following 

information: 

Æ Last name, First name 

Æ Title 

Æ Company or affiliation 

Æ Postal Address 

Æ Phone number 

Æ Email address in order for us to 

confirm your registration 

• DOT Headquarters is a secure 

Federal building. All attendees will be 

escorted to and from the meeting area. 

• Due to security requirements, 

leaving and reentering the building 

during the Conference is discouraged. 

• An email will be sent to you 

confirming your registration along with 

details on security procedures for 

entering the U.S. Department of 

Transportation building. 

• Entering the U.S. Department of 

Transportation Building: 

Æ A picture ID is required. 

Æ Admission will be at the New 

Jersey Avenue entrance only. 

Æ Registration is from 7:30 to 9:00 

a.m. 

Æ Only pre-registered attendees may 

attend the meeting. 

Æ Attendees must be screened and 

pass through a metal detector. 

Æ No firearms are allowed in the 

building, including with protection 

detail. 

Æ Special accessibility requirements 

should be noted at time of email 

registration. 

Æ There is no facility parking and 

parking at public parking lots is 

extremely limited. 

Æ For convenience, we recommend 

use of public transportation. The Navy 

Yard metro stop on the Green Line (at 

M Street and New Jersey Ave. SE.) is 

across the street from DOT’s New Jersey 

Ave. entrance. There are several buses 

with stops nearby. See www.wmata.com 

for more information on trip planning. 

• There is no internet access and 

laptop computers are discouraged as 

additional security procedures are 

required. 

FOR FURTHER INFORMATION CONTACT: 

Richard Pittaway, at 202–366–8856, or 

by email at FAAC@dot.gov. 

Issued on: April 24, 2012. 

Susan L. Kurland, 

Assistant Secretary of Aviation and 

International Affairs. 

[FR Doc. 2012–10298 Filed 4–27–12; 8:45 am] 

BILLING CODE 4910–9X–P 

DEPARTMENT OF TRANSPORTATION 

Federal Aviation Administration 

Sixth Meeting: RTCA, NextGen 

Advisory Committee 

AGENCY: Federal Aviation 

Administration (FAA), U.S. Department 

of Transportation (DOT). 

ACTION: Notice of a meeting of RTCA, 

NextGen Advisory Committee. 

SUMMARY: The FAA is issuing this notice 

to advise the public of the sixth meeting 

of RTCA, NextGen Advisory Committee. 

DATES: The meeting will be held May 

24, 2012, from 9:00 a.m.–3:00 p.m. 

ADDRESSES: The meeting will be held at 

The Boeing Company, TA Wilson 

Meeting Room 1301 SW 16th St., 

Renton, WA. Special Facility Access 

Instructions: The meeting is being held 

at the secured facilities of The Boeing 

Company. All members of the public are 

required to register in advance by 

contacting Ms. Debbie Ridgway via 

email Debbie.ridgway@boeing.com and 

provide the following information: 

Name (as it appears on your 

identification), Company, Phone 

number, Country of origin. 

FOR FURTHER INFORMATION CONTACT: The 

RTCA Secretariat, 1150 18th Street NW., 

Suite 910, Washington, DC 20036: or by 

telephone at (202) 833–9339, fax at (202) 

833–9434, or Web site at http:// 

www.rtca.org. 

SUPPLEMENTARY INFORMATION: Pursuant 

to section 10(a)(2) of the Federal 

Advisory Committee Act (Pub. L. 92– 

463, 5 U.S.C., App.), notice is hereby 

given for a NextGen Advisory 

Committee meeting. The agenda will 

include the following: 

May 24, 2012 

• 9:00–9:05 Opening of Meeting 

• Chairman Dave Barger, President & 

CEO JetBlue Airways 

• 9:05–9:15 Welcome & Facility 

Overview 

• Sherry Carbary, Vice President 

Flight Services Commercial 

Aviation Services Boeing 

Commercial Airplanes, NAC 

Meeting Host 

• 9:15–9:17 Official Statement of 

Designated Federal Official 

• Michael Huerta, FAA Acting 

Administrator 

• 9:17–9:20 Review and Approval of 

February 3, 2012 Meeting 

Summary/NAC and NACSC TORs 

Revisions 

• 9:20–9:30 Chairman’s Report— 

Chairman Barger 

• 9:30–10:00 FAA Report—Mr. Huerta 

• 10:00–10:45 Review and Approve 

Recommendation for Submission to 

FAA NextGen Implementation 

Metrics—a recommendation for an 

executive-level set of metrics that 

capture an overall status of NextGen 

implementation 

• 10:45–11:15 Break 

• 11:15–12:15 Best Equipped Best 

Served 

D A facilitated discussion of an 

important principle for NextGen 

implementation 

• 12:15–1:00 Lunch Break 

• 1:00–1:20 Review and Approve 

Recommendation for Submission to 

FAA 

• Metroplex Mapping Results—a 

recommendation completing the 

mapping of integrated capabilities 

to the remaining 20 Metroplexes. 

This mapping fulfills the Tasking 

and enables an assessment of the 

benefits and feasibility of these site 

specific capabilities. Review and 

Approve Recommendations for 

Submission to FAA 

• 1:20–2:45 Non-technical Barriers to 

Implementing NextGen 

• Anticipated Issues for NAC 

consideration and action at the next 

meeting, October 4, 2012, Dayton, 

Ohio 

• 2:55–3:00 Other Business 

• 3:00 Adjourn 

Attendance is open to the interested 

public but limited to space availability. 

With the approval of the chairman, 

members of the public may present oral 

statements at the meeting. Persons 

wishing to present statements or obtain 

information should contact the person 

listed in the FOR FURTHER INFORMATION

CONTACT section. Members of the public 

may present a written statement to the 

committee at any time. 

Issued in Washington, DC, on April 24, 

2012. 

John Raper, 

Manager, Business Operations Branch, 

Federal Aviation Administration. 

[FR Doc. 2012–10368 Filed 4–27–12; 8:45 am] 

BILLING CODE 4910–13–P 

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