Federal Register / Vol. 75, No. 220 / Tuesday, November 16, 2010 / Notices 70061 

5 15 U.S.C. 78q–1(b)(3)(F). 

6 15 U.S.C. 78q–1. 

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

8 In approving the proposed rule change, the 

Commission considered the proposal’s impact on 

efficiency, competition and capital formation. 

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

9 17 CFR 200.30–3(a)(12). 

In its capacity as a ‘‘derivatives 

clearing organization’’ registered as such 

with the Commodities Futures Trading 

Commission, OCC also filed this 

proposed rule change with the CFTC for 

prior approval pursuant to provisions of 

the Commodity Exchange Act (‘‘CEA’’) 

in order to foreclose any potential 

argument that the clearing by OCC of 

such options as securities options 

constitutes a violation of the CEA. The 

products involved here are essentially 

the same as cash-settled foreign 

currency options that OCC currently 

clears except for the low strike price. 

III. Discussion 

Section 17A(b)(3)(F) of the Act 5

requires, among other things, that the 

rules of a clearing agency be designed to 

promote the prompt and accurate 

clearance and settlement of securities 

transactions and derivative transactions. 

OCC’s clarification of its By-Laws with 

respect to cash-settled foreign currency 

options with nominal exercise prices 

should help reduce the likelihood of 

confusion as to OCC’s treatment of such 

products, and accordingly should help 

to promote the prompt and accurate 

clearance and settlement of securities 

transactions. 

IV. Conclusion 

On the basis of the foregoing, the 

Commission finds that the proposed 

rule change is consistent with the 

requirements of the Act and in 

particular Section 17A of the Act 6 and 

the rules and regulations thereunder. 

It is therefore ordered, pursuant to 

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

proposed rule change (File No. SR– 

OCC–2010–05) be and hereby is 

approved.8

For the Commission by the Division of 

Trading and Markets, pursuant to delegated 

authority.9

Florence E. Harmon, 

Deputy Secretary. 

[FR Doc. 2010–28746 Filed 11–15–10; 8:45 am] 

BILLING CODE 8011–01–P 

SMALL BUSINESS ADMINISTRATION 

Dealer Floor Plan Pilot Program 

Meeting 

AGENCY: U.S. Small Business 

Administration (SBA). 

ACTION: Notice of open meeting. 

SUMMARY: The SBA is issuing this notice 

to announce the location, date, time, 

and agenda for a meeting regarding the 

Dealer Floor Plan Pilot Program 

established in the Small Business Jobs 

Act of 2010. The meeting will be open 

to the public. 

DATES: The Dealer Floor Plan Pilot 

Program meeting will be held on 

November 16, 2010 from approximately 

9 a.m. to 12 p.m. Eastern Standard 

Time. 

ADDRESSES: The meeting will be held in 

the Eisenhower Conference Room at 

SBA Headquarters located at 409 Third 

Street, SW., Second Floor, Washington, 

DC 20416. 

SUPPLEMENTARY INFORMATION: The SBA 

is holding an open meeting to discuss 

the Dealer Floor Plan Pilot Program 

established in the Small Business Jobs 

Act of 2010 (Pub. L. 111–240). The 

purpose of the meeting is to obtain 

feedback from the public on their 

experiences with floor plan financing 

programs and SBA’s previous Dealer 

Floor Plan Pilot Initiative that expired 

on September 30, 2010. In particular, 

SBA would like to obtain comments 

from the public relating to their 

experiences with the following issues: 

Advance rates, curtailment policies, 

collateral monitoring procedures, and 

fees typically charged to administer this 

type of financing. 

FOR FURTHER INFORMATION CONTACT: The 

Dealer Floor Plan Pilot Program meeting 

is open to the public; however, seating 

is limited so advance notice of 

attendance is requested. Written 

comments may be submitted at the 

meeting or provided to SBA in advance 

of the meeting. To register, submit 

written comments, or for further 

information, please contact Patrick 

Kelley, Senior Advisor to the Associate 

Administrator, Office of Capital Access, 

U.S. Small Business Administration, 

phone (202) 205–0067, fax (202) 292– 

3844, or e-mail Patrick.kelley@sba.gov. 

If you are unable to attend the meeting 

in person, you may participate by 

telephone by calling (866) 740–1260 and 

using access code 3710104. 

Additionally, if you need 

accommodations because of a disability 

or require additional information, please 

contact Patrick Kelley, Senior Advisor 

to the Associate Administrator, Office of 

Capital Access, by November 15, 2010 at 

phone (202) 205–0067, fax (202) 292– 

3844, or e-mail Patrick.kelley@sba.gov. 

Grady B. Hedgespeth, 

Director, Office of Financial Assistance. 

[FR Doc. 2010–28715 Filed 11–15–10; 8:45 am] 

BILLING CODE 8025–01–P 

DEPARTMENT OF STATE 

[Public Notice: 7225] 

Bureau of Educational and Cultural 

Affairs (ECA) Request for Grant 

Proposals: The Future Leaders 

Exchange (FLEX) Program: Host 

Family and School Placement and 

Monitoring 

Announcement Type: New Grant. 

Funding Opportunity Number: ECA/ 

PE/C/PY–11–04. 

Catalog of Federal Domestic 

Assistance Number: 19.415. 

Application Deadline: January 5, 

2011. 

Executive Summary: The Future 

Leaders Exchange (FLEX) program seeks 

to promote mutual understanding 

between the United States and the 

countries of Eurasia by providing 

secondary school students from the 

region the opportunity to live in 

American society for an academic year. 

In turn, these students will expose U.S. 

citizens to the culture, traditions, and 

lifestyles of people in Eurasia. 

Organizations are invited to submit 

proposals to identify host schools; vet, 

select, and monitor host families; and 

place and monitor a portion of the 

students participating in the FLEX 

program during the 2011–12 academic 

year. Pending the availability of funds, 

an FY 2011 grant will provide the 

monies required to recruit and screen 

host families; secure school placements; 

conduct student and host family 

orientations; provide cultural and 

educational enrichment activities; 

handle all counseling and programmatic 

issues; and evaluate program 

implementation. 

I. Funding Opportunity Description 

Authority 

Overall grant making authority for 

this program is contained in the Mutual 

Educational and Cultural Exchange Act 

of 1961, Public Law 87–256, as 

amended, also known as the FulbrightHays Act. The purpose of the Act is ‘‘to 

enable the Government of the United 

States to increase mutual understanding 

between the people of the United States 

and the people of other countries * * *; 

to strengthen the ties which unite us 

with other nations by demonstrating the 

educational and cultural interests, 

mstockstill on DSKH9S0YB1PROD with NOTICES