2802 Federal Register / Vol. 76, No. 11 / Tuesday, January 18, 2011 / Rules and Regulations 

Impacts: Policies and Procedures.’’ This 

airspace action is not expected to cause 

any potentially significant 

environmental impacts, and no 

extraordinary circumstances exist that 

warrant preparation of an 

environmental assessment. 

List of Subjects in 14 CFR Part 71 

Airspace, Incorporation by reference, 

Navigation (air). 

Adoption of the Amendment 

In consideration of the foregoing, the 

Federal Aviation Administration 

amends 14 CFR part 71 as follows: 

PART 71—DESIGNATION OF CLASS A, 

B, C, D, AND E AIRSPACE AREAS; AIR 

TRAFFIC SERVICE ROUTES; AND 

REPORTING POINTS 

■ 1. The authority citation for part 71 

continues to read as follows: 

Authority: 49 U.S.C. 106(g), 40103, 40113, 

40120; E.O. 10854, 24 FR 9565, 3 CFR, 1959– 

1963 Comp., p. 389. 

§ 71.1 [Amended] 

■ 2. The incorporation by reference in 

14 CFR 71.1 of FAA Order 7400.9U, 

Airspace Designations and Reporting 

Points, signed August 18, 2010, and 

effective September 15, 2010, is 

amended as follows: 

Paragraph 7005 Alaskan High Altitude 

Reporting Points. 

* * * * * 

BORAN, AK [Removed] 

* * * * * 

TOVAD, AK [New] 

Issued in Washington, DC on January 7, 

2011. 

Edith V. Parish, 

Manager, Airspace Regulation and ATC 

Procedures Group. 

[FR Doc. 2011–827 Filed 1–14–11; 8:45 am] 

BILLING CODE 4910–13–P 

DEPARTMENT OF TRANSPORTATION 

Federal Aviation Administration 

14 CFR Part 77 

[Docket No. FAA–2006–25002; Amendment 

No. 77–13–A] 

RIN 2120–AH31 

Safe, Efficient Use and Preservation of 

the Navigable Airspace; Correction 

AGENCY: Federal Aviation 

Administration (FAA), DOT. 

ACTION: Final rule; correction. 

SUMMARY: The FAA is correcting the 

regulation addressing the effective date 

of FAA determinations issued under 14 

CFR part 77. The FAA amended this 

regulation by final rule published on 

July 21, 2010. The purpose of the final 

rule was to update the regulations 

governing objects that may affect the 

navigable airspace, to incorporate case 

law and legislative action, and to 

simplify the rule language. In one 

section of the regulations, we 

inadvertently state that the effective 

date of all determinations is 40 days 

from the date of issuance. However, 

only FAA determinations subject to the 

discretionary review process are 

effective 40 days from the date of 

issuance. All other FAA determinations 

are effective upon issuance. This 

document corrects that error. 

DATES: Effective January 18, 2011. 

FOR FURTHER INFORMATION CONTACT: 

Ellen Crum, Air Traffic Organization, 

Airspace, Regulations and ATC 

Procedures Group, 800 Independence 

Ave., SW., Washington, DC 20591. (202) 

267–8783; e-mail: ellen.crum@faa.gov. 

SUPPLEMENTARY INFORMATION: 

Background 

On July 21, 2010 (75 FR 42296), we 

published a final rule that updated the 

FAA’s notice and obstruction standards 

requirements in Title 14 of the Code of 

Federal Regulations (14 CFR) part 77. 

These regulations had not been updated 

in many years, and we found it 

necessary to update them to incorporate 

case law and legislative action, and to 

simplify the rule language. 

In the preamble discussion for the 

Notice of Proposed Rulemaking, the 

FAA proposed and subsequently 

adopted in the final rule that a 

Determination of Hazard or a 

Determination of No Hazard will 

become effective 40 days from the date 

of issuance, unless a petition for 

discretionary review is filed and 

received by the FAA within 30 days 

from the date of issuance. (See 71 FR 

34028, 34037 and 75 FR 42296, 

respectively, published on June 13, 2006 

and July 21, 2010.) Consequently, 

§ 77.33(a), as adopted in the final rule, 

states ‘‘A determination issued under 

this subpart is effective 40 days after the 

date of issuance, unless a petition for 

discretionary review is received by the 

FAA * * *’’ 

As written, this requirement 

incorrectly applies to all FAA 

determinations. The FAA’s intent was to 

prevent a determination from becoming 

effective in the event that a petition for 

discretionary review was filed for a 

particular aeronautical study. Section 

77.33(a) should have provided two 

effective dates. For determinations that 

are not subject to discretionary review, 

the effective date continues to be the 

date of issuance, which is consistent 

with the current rule. For 

determinations that are subject to the 

discretionary review process, these 

determinations will become effective 40 

days from the date of issuance, unless 

a petition for discretionary review has 

been filed. Therefore, we find that 

paragraph (a) of this section must be 

corrected to provide the above two 

effective dates. 

Accordingly, in the final rule, FR Doc. 

2010–17767, published on July 21, 2010 

(75 FR 42296), make the following 

corrections: 

§ 77.33 [Corrected] 

■ 1. On page 42307, in the second 

column, in § 77.33, the text of paragraph 

(a) is corrected to read as follows: 

§ 77.33 Effective period of determinations. 

(a) The effective date of a determination 

not subject to discretionary review under 

77.37(b) is the date of issuance. The effective 

date of all other determinations for a 

proposed or existing structure is 40 days 

from the date of issuance, provided a valid 

petition for review has not been received by 

the FAA. If a valid petition for review is 

filed, the determination will not become 

final, pending disposition of the petition. 

* * * * * 

Issued in Washington, DC on January 12, 

2011. 

Pamela Hamilton-Powell, 

Director, Office of Rulemaking. 

[FR Doc. 2011–863 Filed 1–14–11; 8:45 am] 

BILLING CODE 4910–13–P 

DEPARTMENT OF COMMERCE 

Bureau of Industry and Security 

15 CFR Part 748 

[Docket No. 101129595–0635–01] 

RIN 0694–AF07 

Additions and Revisions to the List of 

Validated End-Users in the People’s 

Republic of China: CSMC 

Technologies Corporation and 

Advanced Micro Devices China, Inc. 

AGENCY: Bureau of Industry and 

Security, Commerce. 

ACTION: Final rule. 

SUMMARY: In this final rule, the Bureau 

of Industry and Security (BIS) amends 

the Export Administration Regulations 

(EAR) to add one end-user, CSMC 

Technologies Corporation (CSMC), to 

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Federal Register / Vol. 76, No. 11 / Tuesday, January 18, 2011 / Rules and Regulations 2803 

the list of validated end-users in the 

People’s Republic of China (PRC). With 

this rule, exports, reexports, and 

transfers (in-country) of certain items to 

three CSMC facilities in the PRC are 

now authorized under Authorization 

Validated End-User. In this rule, BIS 

also amends the EAR to revise the 

validated end-user authorization for 

Advanced Micro Devices China, Inc. 

(AMD) in the PRC by amending the list 

of buildings associated with one of the 

company’s approved facilities and by 

updating the description of items 

eligible for export, reexport, or transfer 

(in-country) to AMD’s approved 

facilities. 

DATES: This rule is effective January 18, 

2011. Although there is no formal 

comment period, public comments on 

this regulation are welcome on a 

continuing basis. 

ADDRESSES: You may submit comments, 

identified by RIN 0694–AF07, by any of 

the following methods: 

E-mail: publiccomments@bis.doc.gov. 

Include ‘‘RIN 0694–AF07’’ in the subject 

line of the message. 

Fax: (202) 482–3355. Please alert the 

Regulatory Policy Division, by calling 

(202) 482–2440, if you are faxing 

comments. 

Mail or Hand Delivery/Courier: Sheila 

Quarterman, U.S. Department of 

Commerce, Bureau of Industry and 

Security, Regulatory Policy Division, 

14th Street & Pennsylvania Avenue, 

NW., Room 2705, Washington, DC 

20230, Attn: RIN 0694–AF07. 

Send comments regarding the collection 

of information associated with this rule, 

including suggestions for reducing the 

burden, to Jasmeet Seehra, Office of 

Management and Budget (OMB), by 

e-mail to 

Jasmeet_K._Seehra@omb.eop.gov or by 

fax to (202) 395–7285. Comments on 

this collection of information should be 

submitted separately from comments on 

the final rule (i.e., RIN 0694–AF07). All 

comments on the latter should be 

submitted by one of the three methods 

outlined above. 

FOR FURTHER INFORMATION CONTACT: 

Karen Nies-Vogel, Chair, End-User 

Review Committee, Office of the 

Assistant Secretary, Export 

Administration, Bureau of Industry and 

Security, U.S. Department of Commerce, 

Phone: (202) 482–5991, Fax: (202) 482– 

3911, E-mail: ERC@bis.doc.gov. 

SUPPLEMENTARY INFORMATION: 

Background 

Authorization Validated End-User 

(VEU): The List of Approved End-Users, 

Eligible Items and Destinations in the 

PRC 

Consistent with U.S. Government 

policy to facilitate trade for civilian endusers in the PRC, BIS amended the EAR 

in a final rule on June 19, 2007 (72 FR 

33646) by creating a new authorization 

for ‘‘validated end-users’’ (VEUs) located 

in eligible destinations to which eligible 

items may be exported, reexported, or 

transferred under a general 

authorization instead of a license, in 

conformance with section 748.15 of the 

EAR. VEUs may obtain eligible items 

that are on the Commerce Control List, 

set forth in Supplement No. 1 to Part 

774 of the EAR, without having to wait 

for their suppliers to obtain export 

licenses from BIS. Eligible items may 

include commodities, software, and 

technology, except those controlled for 

missile technology or crime control 

reasons. 

Authorization VEU is a mechanism to 

facilitate increased high-technology 

exports to companies in eligible 

destinations that have a verifiable 

record of civilian end-uses for such 

items. The VEUs listed in Supplement 

No. 7 to Part 748 of the EAR were 

reviewed and approved by the U.S. 

Government in accordance with the 

provisions of section 748.15 and 

Supplement Nos. 8 and 9 to Part 748 of 

the EAR. In addition to U.S. exporters, 

Authorization VEU may be used by 

foreign reexporters and by persons 

transferring in-country, and it does not 

have an expiration date. As of the date 

of this rule, pursuant to section 

748.15(b) of the EAR, VEUs are only 

located in the PRC and India. 

Addition of CSMC Technologies 

Corporation to the List of Validated 

End-Users in the PRC and CSMC 

Technologies Corporation’s ‘‘Eligible 

Items (by ECCN)’’ and ‘‘Eligible 

Destinations’’ 

This final rule amends Supplement 

No. 7 to Part 748 of the EAR to designate 

CSMC Technologies Corporation 

(CSMC) as a validated end-user, to 

identify the eligible destinations of 

CSMC (referred to as ‘‘Facilities’’), and to 

identify the items that may be exported, 

reexported, or transferred (in-country) to 

CSMC’s specified eligible facilities 

under Authorization VEU. The name 

and address of this newly approved 

VEU and the names and addresses of its 

eligible facilities are as follows: 

Validated End-User 

CSMC Technologies Corporation 

Eligible Destinations for CSMC 

Technologies Corporation 

CSMC Technologies Fab 1 Co., Ltd., 14 

Liangxi Road, Wuxi, Jiangsu 214061, 

China. 

CSMC Technologies Fab 2 Co., Ltd., 

Block 86, 87, Wuxi National Hi-New 

Tech Industrial Development Zone, 

Wuxi, Jiangsu 214061, China. 

Wuxi CR Semiconductor Wafers and 

Chips Co., Ltd., 14 Liangxi Road, 

Wuxi, Jiangsu 214061, China. 

Eligible Items That May Be Exported, 

Reexported, or Transferred (In-Country) 

to the Three ‘‘Eligible Destinations’’ 

Under CSMC Technologies 

Corporation’s Validated End-User 

Authorization 

Items classified under Export Control 

Classification Numbers 1C350.c.3, 

1C350.c.11, 2B230.a, 2B230.b, 2B350.f, 

2B350.g, 2B350.h, 3B001.c.1.a, 

3B001.c.2.a, 3B001.e, 3C002.a, 3C004. 

Revisions to the Authorization for 

Validated End-User Advanced Micro 

Devices China, Inc. 

This final rule also amends 

Supplement No. 7 to Part 748 of the 

EAR by revising the list of Advanced 

Micro Devices China, Inc.’s (AMD) 

eligible facilities. Specifically, this rule 

adds three new buildings to the facility 

authorization for Advanced Micro 

Devices (Shanghai) Co., Ltd. (AMD 

Shanghai), which is one of AMD’s three 

approved facilities. Accordingly, the 

address for AMD Shanghai has been 

amended by adding three new building 

numbers and the revised address will 

appear in Supplement No. 7 to Part 748 

of the EAR. In addition, BIS is updating 

the description of items eligible for 

export, reexport, or transfer (in-country) 

to AMD’s approved facilities in order to 

provide clarification to persons 

shipping under Authorization VEU. 

This update makes AMD’s VEU listing 

in the Code of Federal Regulations as 

specific as possible. The revisions to the 

authorization for validated end-user 

AMD are as follows: 

Name and Former Address of Facility 

Advanced Micro Devices (Shanghai) 

Co., Ltd., Riverfront Harbor, Building 

48, Zhangjiang Hi-Tech Park, 1387 

Zhangdong Rd., Pudong, Shanghai, 

201203. 

Name and Current Address of Facility 

Advanced Micro Devices (Shanghai) 

Co., Ltd., Buildings 46, 47, 48 & 49, 

Riverfront Harbor, Zhangjiang HiTech Park, 1387 Zhangdong Rd., 

Pudong, Shanghai, 201203. 

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2804 Federal Register / Vol. 76, No. 11 / Tuesday, January 18, 2011 / Rules and Regulations 

Eligible Items That May Be Exported, 

Reexported, or Transferred (In-Country) 

to the Three ‘‘Eligible Destinations’’ 

Under Advanced Micro Devices China, 

Inc., Validated End-User Authorization 

Items classified under Export Control 

Classification Numbers (ECCNs) 3D002, 

3D003, 3E001 (limited to ‘‘technology’’ 

for items classified under 3C002 and 

3C004 and ‘‘technology’’ for use during 

the International Technology Roadmap 

for Semiconductors (ITRS) process for 

items classified under ECCNs 3B001 

and 3B002), 3E002 (limited to 

‘‘technology’’ for use during the ITRS 

process for items classified under 

ECCNs 3B001 and 3B002), 3E003.e 

(limited to the ‘‘development’’ and 

‘‘production’’ of integrated circuits for 

commercial applications), 4D001, 

4D002, 4D003 and 4E001 (limited to the 

‘‘development’’ of products under ECCN 

4A003). 

The approval of CSMC as a validated 

end-user and revision of AMD’s VEU 

Authorization are expected to further 

facilitate exports to civilian end-users in 

the PRC, and to result in significant 

savings of time and resources for 

suppliers and the eligible facilities. 

Authorization VEU eliminates the 

burden on exporters and reexporters of 

preparing individual license 

applications, as exports, reexports, and 

transfers (in-country) of eligible items to 

these facilities may now be made under 

general authorization instead of under 

individual licenses. Under the VEU 

program, exporters and reexporters can 

supply VEUs in the PRC on a more 

timely basis, thereby enhancing the 

competitiveness of exporters, 

reexporters, and end-users in the PRC. 

To ensure appropriate facilitation of 

exports and reexports, on-site reviews of 

validated end-users may be warranted 

pursuant to paragraph 748.15(f)(2) and 

section 7(iv) of Supplement No. 8 to 

Part 748 of the EAR. If such reviews are 

warranted, BIS will inform the PRC 

Ministry of Commerce. 

Since August 21, 2001, the Export 

Administration Act (the Act) has been 

in lapse and the President, through 

Executive Order 13222 of August 17, 

2001 (3 CFR, 2001 Comp., p. 783 

(2002)), as extended most recently by 

the Notice of August 12, 2010 (75 FR 

50681 (August 16, 2010)), has continued 

the EAR in effect under the 

International Emergency Economic 

Powers Act. BIS continues to carry out 

the provisions of the Act, as appropriate 

and to the extent permitted by law, 

pursuant to Executive Order 13222. 

Rulemaking Requirements 

1. This final rule has been determined 

to be not significant for the purposes of 

Executive Order 12866. 

2. This rule involves collections 

previously approved by the Office of 

Management and Budget (OMB) under 

Control Number 0694–0088, ‘‘MultiPurpose Application,’’ which carries a 

burden hour estimate of 58 minutes to 

prepare and submit form BIS–748; and 

for recordkeeping, reporting and review 

requirements in connection with 

Authorization VEU, which carries an 

estimated burden of 30 minutes per 

submission. This rule is expected to 

result in a decrease in license 

applications submitted to BIS. Total 

burden hours associated with the 

Paperwork Reduction Act of 1995 (44 

U.S.C. 3501 et seq.) (PRA) and OMB 

Control Number 0694–0088 are not 

expected to increase significantly as a 

result of this rule. 

Notwithstanding any other provisions 

of law, no person is required to respond 

nor be subject to a penalty for failure to 

comply with a collection of information, 

subject to the requirements of the PRA, 

unless that collection of information 

displays a currently valid OMB Control 

Number. 

3. This rule does not contain policies 

with Federalism implications as that 

term is defined under Executive Order 

13132. 

4. Pursuant to the Administrative 

Procedure Act (APA), 5 U.S.C. 

553(b)(B), BIS finds good cause to waive 

requirements that the rule be subject to 

notice and the opportunity for public 

comment because such notice and 

comment here are unnecessary. In 

determining whether to grant VEU 

designations, a committee of U.S. 

Government agencies evaluates 

information about candidate companies 

and commitments made by candidate 

companies, the nature and terms of 

which are set forth in 15 CFR Part 748, 

Supplement No. 8. The criteria for 

evaluation by the committee are set 

forth in 15 CFR section 748.15(a)(2). 

The information, commitments, and 

criteria for this extensive review were 

all established through the notice of 

proposed rulemaking and public 

comment process (71 FR 38313, July 2, 

2006, and 72 FR 33646, June 19, 2007). 

Given the similarities between the 

authorizations provided under the VEU 

program and export licenses (as 

discussed further below), the 

publication of this information does not 

establish new policy; in publishing this 

final rule, BIS is simply adding a VEU 

within the established regulatory 

framework of the VEU program. Further, 

this rule does not abridge the rights of 

the public or eliminate the public’s 

option to export under any of the forms 

of authorization set forth in the EAR. 

Publication of this rule in other than 

final form is unnecessary because the 

authorization granted in the rule is 

similar to that granted to exporters for 

individual licenses, which do not 

undergo public review. Individual 

license application applicants and VEU 

authorization applicants both provide 

the U.S. Government with confidential 

business information. This information 

is extensively reviewed according to the 

criteria for VEU authorizations, as set 

out in 15 CFR section 748.15(a)(2). As 

with individual export licenses, an 

interagency committee, drawing on 

public and non-public sources, 

including licensing data, and measured 

against the VEU authorization criteria, 

vets VEU applications. The 

authorizations granted under the VEU 

program, and through individual export 

licenses, involve interagency 

deliberation according to set criteria. 

Given the thorough nature of the review, 

and in light of the parallels between this 

process and the non-public review of 

license applications, public comment on 

this authorization prior to publication is 

unnecessary. Moreover, as noted above, 

the criteria and process for authorizing 

VEUs were developed with public 

comments; allowing additional public 

comment on this individual VEU 

authorization, which was determined 

according to those criteria, is therefore 

unnecessary. 

Section 553(d) of the APA generally 

provides that rules may not take effect 

earlier than 30 days after they are 

published in the Federal Register. 

However, section 553(d)(1) of the APA 

provides that a substantive rule which 

grants or recognizes an exemption or 

relieves a restriction, may take effect 

earlier. Today’s final rule grants an 

exemption from licensing procedures 

and thus is effective immediately. 

No other law requires that a notice of 

proposed rulemaking and an 

opportunity for public comment be 

given for this final rule. Because a 

notice of proposed rulemaking and an 

opportunity for public comment are not 

required under the APA or by any other 

law, the analytical requirements of the 

Regulatory Flexibility Act (5 U.S.C. 601 

et seq.) are not applicable and no 

regulatory flexibility analysis has been 

prepared. 

List of Subjects in 15 CFR Part 748 

Administrative practice and 

procedure, Exports, Reporting and 

recordkeeping requirements. 

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Federal Register / Vol. 76, No. 11 / Tuesday, January 18, 2011 / Rules and Regulations 2805 

Accordingly, part 748 of the EAR (15 

CFR Parts 730–774) is amended as 

follows: 

PART 748—[AMENDED] 

■ 1. The authority citation for 15 CFR 

Part 748 continues to read as follows: 

Authority: 50 U.S.C. app. 2401 et seq.; 50 

U.S.C. 1701 et seq.; E.O. 13026, 61 FR 58767, 

3 CFR, 1996 Comp., p. 228; E.O. 13222, 66 

FR 44025, 3 CFR, 2001 Comp., p. 783; Notice 

of August 12, 2010, 75 FR 50681 (August 16, 

2010). 

■ 2. Supplement No. 7 to Part 748 is 

amended: 

■ a. By adding one entry, ‘‘CSMC 

Technologies Corporation’’, for ‘‘China 

(People’s Republic of)’’ in alphabetical 

order; and 

■ b. By revising the entry for ‘‘Advanced 

Micro Devices (Shanghai) Co., Ltd.’’ for 

‘‘China (People’s Republic of)’’ to read as 

follows: 

SUPPLEMENT NO. 7 TO PART 748— 

AUTHORIZATION VALIDATED ENDUSER (VEU); LIST OF VALIDATED 

END-USERS, RESPECTIVE ITEMS 

ELIGIBLE FOR EXPORT, REEXPORT 

AND TRANSFER, AND ELIGIBLE 

DESTINATIONS 

Country Validated end-user Eligible items (by ECCN) Eligible destination 

China (People’s 

Republic of).

Advanced Micro Devices China, Inc. ....................... 3D002, 3D003, 3E001 (limited to 

‘‘technology’’ for items classified 

under 3C002 and 3C004 and 

‘‘technology’’ for use during the 

International Technology Roadmap for Semiconductors (ITRS) 

process for items classified 

under ECCNs 3B001 and 

3B002), 3E002 (limited to 

‘‘technology’’ for use during the 

ITRS process for items classified under ECCNs 3B001 and 

3B002), 3E003.e (limited to the 

‘‘development’’ and ‘‘production’’ 

of integrated circuits for commercial applications), 4D001, 

4D002, 4D003 and 4E001 (limited to the ‘‘development’’ of 

products under ECCN 4A003).

AMD Technologies (China) Co., 

Ltd., No. 88, Su Tong Road, 

Suzhou, China 215021. 

Advanced Micro Devices (Shanghai) Co., Ltd., Buildings 46, 47, 

48 & 49, River Front Harbor, 

Zhangjiang Hi-Tech Park, 1387 

Zhangdong Rd., Pudong, 

Shanghai, 201203. 

AMD Technology Development 

(Beijing) Co., Ltd., 18F, North 

Building, Raycom Infotech, Park 

Tower C, No. 2 Science Institute South Rd., Zhong Guan 

Cun, Haidian District, Beijing, 

China 100190. 

*******

CSMC Technologies Corporation ............................. 1C350.c.3, 1C350.c.11, 2B230.a, 

2B230.b, 2B350.f, 2B350.g, 

2B350.h, 3B001.c.1.a, 

3B001.c.2.a, 3B001.e, 3C002.a, 

3C004.

CSMC Technologies Fab 1 Co., 

Ltd., 14 Liangxi Road, Wuxi, 

Jiangsu 214061, China. 

CSMC, Technologies Fab 2 Co., 

Ltd., Block 86, 87, Wuxi National Hi-New Tech Industrial 

Development Zone, Wuxi, 

Jiangsu 214061, China. 

Wuxi CR Semiconductor Wafers 

and Chips Co., Ltd., 14 Liangxi 

Road, Wuxi, Jiangsu 214061, 

China. 

*******

Dated: January 11, 2011. 

Kevin J. Wolf, 

Assistant Secretary for Export 

Administration. 

[FR Doc. 2011–920 Filed 1–14–11; 8:45 am] 

BILLING CODE 3510–33–P 

SECURITIES AND EXCHANGE 

COMMISSION 

17 CFR Part 200 

[Release No. 34–63699] 

Delegation of Authority to the Chief 

Accountant 

AGENCY: Securities and Exchange 

Commission. 

ACTION: Final rule. 

SUMMARY: The Securities and Exchange 

Commission is amending its rules to 

delegate authority to the Chief 

Accountant with respect to proposed 

rule changes of the Public Company 

Accounting Oversight Board pursuant to 

Section 107 of the Sarbanes-Oxley Act 

of 2002 and Section 19(b) of the 

Securities Exchange Act of 1934, as 

follows: To publish notices of proposed 

rule changes filed by the PCAOB; to 

approve or disapprove a proposed rule 

change; and to temporarily suspend a 

proposed rule of the PCAOB. In 

addition, the Commission is amending 

its rules to delegate authority to the 

Chief Accountant to determine the 

appropriateness of extending the time 

periods specified in Section 19(b) and 

publish the reasons for such 

determination as well as to effect any 

such extension and to institute 

proceedings to determine whether to 

disapprove a proposal and to provide to 

the PCAOB notice of the grounds for 

disapproval under consideration, and to 

find good cause to approve a proposal 

on an accelerated basis and to publish 

the reasons for such determination. This 

delegation is intended to conserve 

Commission resources and to maintain 

the effectiveness and efficiency of the 

Commission’s PCAOB proposed rule 

filing process. 

DATES: Effective Date: January 18, 2011. 

FOR FURTHER INFORMATION CONTACT: 

Jeffrey S. Cohan, Senior Special 

Counsel, or John F. Offenbacher, Senior 

Associate Chief Accountant, at (202) 

551–5300, Office of the Chief 

Accountant, Securities and Exchange 

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