52186 Federal Register / Vol. 74, No. 195 / Friday, October 9, 2009 / Notices 

page at http://www.ntia.doc.gov/ 

advisory/spectrum. 

Dated: October 6, 2009. 

Kathy D. Smith, 

Chief Counsel, National Telecommunications 

and Information Administration. 

[FR Doc. E9–24445 Filed 10–8–09; 8:45 am] 

BILLING CODE 3510–60–S 

COMMITTEE FOR PURCHASE FROM 

PEOPLE WHO ARE BLIND OR 

SEVERELY DISABLED 

Procurement List; Proposed Addition 

AGENCY: Committee for Purchase From 

People Who Are Blind or Severely 

Disabled. 

ACTION: Proposed addition to 

Procurement List. 

SUMMARY: The Committee is proposing 

to add to the Procurement List a service 

to be provided by nonprofit agencies 

employing persons who are blind or 

have other severe disabilities. 

Comments Must Be Received On Or 

Before: November 9, 2009. 

ADDRESSES: Committee for Purchase 

From People Who Are Blind or Severely 

Disabled, Jefferson Plaza 2, Suite 10800, 

1421 Jefferson Davis Highway, 

Arlington, Virginia 22202–3259. 

FOR FURTHER INFORMATION CONTACT: 

Barry S. Lineback, Telephone: (703) 

603–7740, Fax: (703) 603–0655, or email CMTEFedReg@AbilityOne.gov. 

SUPPLEMENTARY INFORMATION: This 

notice is published pursuant to 41 U.S.C 

47(a)(2) and 41 CFR 51–2.3. Its purpose 

is to provide interested persons an 

opportunity to submit comments on the 

proposed action. 

Addition 

If the Committee approves the 

proposed addition, the entities of the 

Federal Government identified in this 

notice will be required to provide the 

service listed below from nonprofit 

agencies employing persons who are 

blind or have other severe disabilities. 

Regulatory Flexibility Act Certification 

I certify that the following action will 

not have a significant impact on a 

substantial number of small entities. 

The major factors considered for this 

certification were: 

1. If approved, the action will not 

result in any additional reporting, 

recordkeeping or other compliance 

requirements for small entities other 

than the small organizations that will 

provide the service to the government. 

2. If approved, the action will result 

in authorizing small entities to provide 

the service to the government. 

3. There are no known regulatory 

alternatives which would accomplish 

the objectives of the Javits-WagnerO’Day Act (41 U.S.C. 46–48c) in 

connection with the service proposed 

for addition to the Procurement List. 

Comments on this certification are 

invited. Commenters should identify the 

statement(s) underlying the certification 

on which they are providing additional 

information. 

End of Certification 

The following service is proposed for 

addition to Procurement List for the 

listed nonprofit agency to provide: 

Service: 

Service Type/Location: Custodial and 

Grounds Maintenance Services, Lewis R. 

Morgan FB–PO–CT, 18 Greenville Street, 

Newnan, GA. 

NPA: WORKTEC, Jonesboro, GA. 

Contracting Activity: GSA/Property 

Management Contracts, Public Buildings 

Service, Atlanta, GA. 

Barry S. Lineback, 

Director, Business Operations. 

[FR Doc. E9–24412 Filed 10–8–09; 8:45 am] 

BILLING CODE 6353–01–P 

COMMITTEE FOR PURCHASE FROM 

PEOPLE WHO ARE BLIND OR 

SEVERELY DISABLED 

Procurement List Addition 

AGENCY: Committee for Purchase From 

People Who Are Blind or Severely 

Disabled. 

ACTION: Addition to Procurement List. 

SUMMARY: This action adds to the 

Procurement List a service to be 

provided by nonprofit agencies 

employing persons who are blind or 

have other severe disabilities. 

DATES: Effective Date: November 9, 

2009. 

ADDRESSES: Committee for Purchase 

From People Who Are Blind or Severely 

Disabled, Jefferson Plaza 2, Suite 10800, 

1421 Jefferson Davis Highway, 

Arlington, Virginia, 22202–3259. 

FOR FURTHER INFORMATION CONTACT: 

Barry S. Lineback, Telephone: (703) 

603–7740, Fax: (703) 603–0655, or 

e-mail CMTEFedReg@AbilityOne.gov. 

SUPPLEMENTARY INFORMATION: 

Addition 

On 8/7/2009 (74 FR 39641), the 

Committee for Purchase From People 

Who Are Blind or Severely Disabled 

published a notice of proposed addition 

to the Procurement List. 

After consideration of the material 

presented to it concerning capability of 

qualified nonprofit agencies to provide 

a service and impact of the addition on 

the current or most recent contractors, 

the Committee has determined that the 

service listed below is suitable for 

procurement by the Federal Government 

under 41 U.S.C. 46–48c and 41 CFR 51– 

2.4. 

Regulatory Flexibility Act Certification 

I certify that the following action will 

not have a significant impact on a 

substantial number of small entities. 

The major factors considered for this 

certification were: 

1. The action will not result in any 

additional reporting, recordkeeping or 

other compliance requirements for small 

entities other than the small 

organizations that will provide the 

service to the Government. 

2. The action will result in 

authorizing small entities to provide the 

service to the Government. 

3. There are no known regulatory 

alternatives which would accomplish 

the objectives of the Javits-WagnerO’Day Act (41 U.S.C. 46–48c) in 

connection with the service proposed 

for addition to the Procurement List. 

End of Certification 

Accordingly, the following service is 

added to the Procurement List: 

Service 

Service Type/Location: Base Supply Center, 

USCG Sand Island, 400 Sand Island 

Parkway, Honolulu, HI. 

NPA: South Texas Lighthouse for the Blind, 

Corpus Christi, TX. 

Contracting Activity: Department Of 

Homeland Security, U.S. Coast Guard, 

ISC, Honolulu, HI. 

Barry S. Lineback, 

Director, Business Operations. 

[FR Doc. E9–24413 Filed 10–8–09; 8:45 am] 

BILLING CODE 6353–01–P 

COMMODITY FUTURES TRADING 

COMMISSION 

Notice of Intent, Pursuant to the 

Authority in Section 2(h)(7) of the 

Commodity Exchange Act and 

Commission Rule 36.3(c)(3), To 

Undertake a Determination Whether 

the TETCO–M3 Financial Basis 

Contract, Offered for Trading on the 

IntercontinentalExchange, Inc., 

Performs a Significant Price Discovery 

Function 

AGENCY: Commodity Futures Trading 

Commission. 

ACTION: Notice of action and request for 

comment. 

mstockstill on DSKH9S0YB1PROD with NOTICES

Federal Register / Vol. 74, No. 195 / Friday, October 9, 2009 / Notices 52187 

1 74 FR 12178 (Mar. 23, 2009); these rules became 

effective on April 22, 2009. 

2The Commission may commence this process on 

its own initiative or on the basis of information 

provided to it by an ECM pursuant to the 

notification provisions of Commission rule 

36.3(c)(2). 

3Where appropriate, the Commission may choose 

to interview market participants regarding their 

impressions of a particular contract. Further, while 

they may not provide direct evidentiary support 

with respect to a particular contract, the 

Commission may rely for background and context 

on resources such as its October 2007 Report on the 

Oversight of Trading on Regulated Futures 

Exchanges and Exempt Commercial Markets (‘‘ECM 

Study’’). http://www.cftc.gov/stellent/groups/ 

public/@newsroom/documents/file/pr5403- 

07_ecmreport.pdf. 

4 7 U.S.C. 2(h)(7)(C). 

SUMMARY: The Commodity Futures 

Trading Commission (‘‘CFTC’’ or 

‘‘Commission’’) is undertaking a review 

to determine whether the TETCO–M3 

Financial Basis (‘‘TMT’’) contract, 

offered for trading on the 

IntercontinentalExchange, Inc. (‘‘ICE’’), 

an exempt commercial market (‘‘ECM’’) 

under sections 2(h)(3)–(5) of the 

Commodity Exchange Act (‘‘CEA’’ or the 

‘‘Act’’), performs a significant price 

discovery function. Authority for this 

action is found in section 2(h)(7) of the 

CEA and Commission rule 36.3(c) 

promulgated thereunder. In connection 

with this evaluation, the Commission 

invites comment from interested parties. 

DATES: Comments must be received on 

or before October 26, 2009. 

ADDRESSES: Comments may be 

submitted by any of the following 

methods: 

• Follow the instructions for 

submitting comments. Federal 

eRulemaking Portal: http:// 

www.regulations.gov. 

• E-mail: secretary@cftc.gov. Include 

TETCO–M3 Financial Basis (TMT) 

Contract in the subject line of the 

message. 

• Fax: (202) 418–5521. 

• Mail: Send to David A. Stawick, 

Secretary, Commodity Futures Trading 

Commission, Three Lafayette Centre, 

1155 21st Street, NW., Washington, DC 

20581. 

• Courier: Same as mail above. 

All comments received will be posted 

without change to http:// 

www.CFTC.gov/. 

FOR FURTHER INFORMATION CONTACT: 

Gregory K. Price, Industry Economist, 

Division of Market Oversight, 

Commodity Futures Trading 

Commission, Three Lafayette Centre, 

1155 21st Street, NW., Washington, DC 

20581. Telephone: (202) 418–5515. Email: gprice@cftc.gov; or Susan Nathan, 

Senior Special Counsel, Division of 

Market Oversight, same address. 

Telephone: (202) 418–5133. E-mail: 

snathan@cftc.gov. 

SUPPLEMENTARY INFORMATION: 

I. Introduction 

On March 16, 2009, the CFTC 

promulgated final rules implementing 

provisions of the CFTC Reauthorization 

Act of 2008 (‘‘Reauthorization Act’’) 1

which subjects ECMs with significant 

price discovery contracts (‘‘SPDCs’’) to 

self-regulatory and reporting 

requirements, as well as certain 

Commission oversight authorities, with 

respect to those contracts. Among other 

things, these rules and rule amendments 

revise the information-submission 

requirements applicable to ECMs, 

establish procedures and standards by 

which the Commission will determine 

whether an ECM contract performs a 

significant price discovery function, and 

provide guidance with respect to 

compliance with nine statutory core 

principles applicable to ECMs with 

SPDCs. These rules became effective on 

April 22, 2009. 

In determining whether an ECM’s 

contract is or is not a SPDC, the 

Commission will evaluate the contract’s 

material liquidity, price linkage to other 

contracts, potential for arbitrage with 

other contracts traded on designated 

contract markets or derivatives 

transaction execution facilities, use of 

the ECM contract’s prices to execute or 

settle other transactions, and other 

factors. 

In order to facilitate the Commission’s 

identification of possible SPDCs, 

Commission rule 36.3(c)(2) requires that 

an ECM operating in reliance on section 

2(h)(3) promptly notify the Commission 

and provide supporting information or 

data concerning any contract: (i) That 

averaged five trades per day or more 

over the most recent calendar quarter; 

and (ii) (A) for which the ECM sells 

price information regarding the contract 

to market participants or industry 

publications; or (B) whose daily closing 

or settlement prices on 95 percent or 

more of the days in the most recent 

quarter were within 2.5 percent of the 

contemporaneously determined closing, 

settlement, or other daily price of 

another agreement. 

II. Determination of a SPDC 

A. The SPDC Determination Process 

Commission rule 36.3(c)(3) 

establishes the procedures by which the 

Commission makes and announces its 

determination on whether a specific 

ECM contract serves a significant price 

discovery function. Under those 

procedures, the Commission will 

publish a notice in the Federal Register 

that it intends to undertake a 

determination as to whether the 

specified agreement, contract, or 

transaction performs a significant price 

discovery function and to receive 

written data, views, and arguments 

relevant to its determination from the 

ECM and other interested persons.2

After prompt consideration of all 

relevant information,3 the Commission 

will, within a reasonable period of time 

after the close of the comment period, 

issue an order explaining its 

determination. Following the issuance 

of an order by the Commission that the 

ECM executes or trades an agreement, 

contract, or transaction that performs a 

significant price discovery function, the 

ECM must demonstrate, with respect to 

that agreement, contract, or transaction, 

compliance with the core principles 

under section 2(h)(7)(C) of the CEA 4

and the applicable provisions of part 36. 

If the Commission’s order represents the 

first time it has determined that one of 

the ECM’s contracts performs a 

significant price discovery function, the 

ECM must submit a written 

demonstration of its compliance with 

the core principles within 90 calendar 

days of the date of the Commission’s 

order. For each subsequent 

determination by the Commission that 

the ECM has an additional SPDC, the 

ECM must submit a written 

demonstration of its compliance with 

the core principles within 30 calendar 

days of the Commission’s order. 

B. TETCO–M3 Financial Basis Contract 

The TMT contract is cash settled 

based on the difference between the 

bidweek price index for a particular 

calendar month at the Texas Eastern, 

Zone M–3 hub, as published by Platts in 

its Inside FERC’s Gas Market Report, 

and the final settlement price of the 

New York Mercantile Exchange’s 

(NYMEX’s) physically-delivered Henry 

Hub natural gas futures contract for the 

same calendar month. The Platts 

bidweek price is computed from fixedprice, bilateral transactions executed 

during the last five business days of a 

given month, where the transactions 

specify the delivery of natural gas 

during the following calendar month. 

The price index is computed as the 

volume-weighted average of the 

applicable natural gas transactions. 

Bidweek prices are published on the 

first business day of the month in which 

the gas flows. The size of the TMT 

contract is 2,500 million British thermal 

units (‘‘mmBtu’’), and the unit of trading 

is any multiple of 2,500 mmBtu. The 

mstockstill on DSKH9S0YB1PROD with NOTICES

52188 Federal Register / Vol. 74, No. 195 / Friday, October 9, 2009 / Notices 

5 17 CFR 36, Appendix A. 

6 44 U.S.C. 3507(d). 

7 7 U.S.C. 19(a). 

TMT contract is listed for up to 72 

consecutive calendar months. 

Based upon a required quarterly 

notification filed on July 27, 2009 

(mandatory under Rule 36.3(c)(2)), the 

ICE reported that, with respect to its 

TMT contract, the total number of trades 

was 1,073 in the second quarter of 2009, 

resulting in a daily average of 16.8 

trades. During the same period, the TMT 

contract had a total trading volume of 

145,328 contracts and an average daily 

trading volume of 2,270.8 contracts. 

Moreover, the open interest as of June 

30, 2009, was 168,963 contracts. 

It appears that the TMT contract may 

satisfy the material liquidity, price 

linkage, and material price reference 

factors for SPDC determination. With 

respect to material liquidity, trading in 

the TMT contract averaged more than 

2,000 contracts on a daily basis, with 

more than 16 separate transactions each 

day. In addition, the open interest in the 

subject contract was substantial. In 

regard to price linkage, the final 

settlement of the TMT contract is based, 

in part, on the final settlement price of 

the NYMEX’s physically-delivered 

natural gas contract, where the NYMEX 

is registered with the Commission as a 

designated contract market (‘‘DCM’’). In 

terms of material price reference, while 

it did not specify which contracts 

served a significant price discovery 

function or reference this particular 

contract, the Commission’s ECM Study 

stated that, in general, market 

participants view the ICE as a price 

discovery market for certain natural gas 

contracts. Natural gas contracts based on 

actively-traded hubs are transacted 

heavily on the ICE’s electronic trading 

platform, with the remainder being 

completed over-the-counter and 

potentially submitted for clearing by 

voice brokers. In addition, ICE sells its 

price data to market participants in a 

number of different packages which 

vary in terms of the hubs covered, time 

periods, and whether the data are daily 

only or historical. For example, the ICE 

offers ‘‘West Gas End of Day’’ and ‘‘OTC 

Gas End of Day’’ data packages with 

access to all price data or just 12, 24, 36, 

or 48 months of historical data. 

III. Request for Comment 

In evaluating whether an ECM’s 

agreement, contract, or transaction 

performs a significant price discovery 

function, section 2(h)(7) of the CEA 

directs the Commission to consider, as 

appropriate, four specific criteria: price 

linkage, arbitrage, material price 

reference, and material liquidity. As it 

explained in Appendix A to the part 36 

rules,5 the Commission, in making 

SPDC determinations, will apply and 

weigh each factor, as appropriate, to the 

specific contract and circumstances 

under consideration. 

As part of its evaluation, the 

Commission will consider the written 

data, views, and arguments from any 

ECM that lists the potential SPDC and 

from any other interested parties. 

Accordingly, the Commission requests 

comment on whether the ICE’s TMT 

contract performs a significant price 

discovery function. Commenters’ 

attention is directed particularly to 

Appendix A of the Commission’s part 

36 rules for a detailed discussion of the 

factors relevant to a SPDC 

determination. The Commission notes 

that comments which analyze the 

contract in terms of these factors will be 

especially helpful to the determination 

process. In order to determine the 

relevance of comments received, the 

Commission requests that commenters 

explain in what capacity are they 

knowledgeable about the subject 

contract. 

IV. Related Matters 

A. Paperwork Reduction Act 

The Paperwork Reduction Act of 1995 

(‘‘PRA’’) 6 imposes certain requirements 

on Federal agencies, including the 

Commission, in connection with their 

conducting or sponsoring any collection 

of information, as defined by the PRA. 

Certain provisions of final Commission 

rule 36.3 impose new regulatory and 

reporting requirements on ECMs, 

resulting in information collection 

requirements within the meaning of the 

PRA; OMB previously has approved and 

assigned OMB control number 3038– 

0060 to this collection of information. 

B. Cost-Benefit Analysis 

Section 15(a) of the CEA 7 requires the 

Commission to consider the costs and 

benefits of its actions before issuing an 

order under the Act. By its terms, 

section 15(a) does not require the 

Commission to quantify the costs and 

benefits of such an order or to determine 

whether the benefits of such an order 

outweigh its costs; rather, it requires 

that the Commission ‘‘consider’’ the 

costs and benefits of its action. Section 

15(a) further specifies that the costs and 

benefits shall be evaluated in light of 

five broad areas of market and public 

concern: (1) Protection of market 

participants and the public; (2) 

efficiency, competitiveness, and 

financial integrity of futures markets; (3) 

price discovery; (4) sound risk 

management practices; and (5) other 

public interest considerations. 

The bulk of the costs imposed by the 

requirements of Commission Rule 36.3 

relate to significant and increased 

information-submission and reporting 

requirements adopted in response to the 

Reauthorization Act’s directive that the 

Commission take an active role in 

determining whether contracts listed by 

ECMs qualify as SPDCs. The enhanced 

requirements for ECMs will permit the 

Commission to acquire the information 

it needs to discharge its newlymandated responsibilities and to ensure 

that ECMs with SPDCs are identified as 

entities with the elevated status of 

registered entity under the CEA and are 

in compliance with the statutory terms 

of the core principles of section 

2(h)(7)(C) of the Act. The primary 

benefit to the public is to enable the 

Commission to discharge its statutory 

obligation to monitor for the presence of 

SPDCs and extend its oversight to the 

trading of SPDCs. 

Issued in Washington, DC, on October 5, 

2009 by the Commission. 

David A. Stawick, 

Secretary of the Commission. 

[FR Doc. E9–24378 Filed 10–8–09; 8:45 am] 

BILLING CODE 6351–01–P 

COMMODITY FUTURES TRADING 

COMMISSION 

Notice of Intent, Pursuant to the 

Authority in Section 2(h)(7) of the 

Commodity Exchange Act and 

Commission Rule 36.3(c)(3), to 

Undertake a Determination Whether 

the San Juan Financial Basis Contract, 

Offered for Trading on the 

IntercontinentalExchange, Inc., 

Performs a Significant Price Discovery 

Function 

AGENCY: Commodity Futures Trading 

Commission. 

ACTION: Notice of action and request for 

comment. 

SUMMARY: The Commodity Futures 

Trading Commission (‘‘CFTC’’ or 

‘‘Commission’’) is undertaking a review 

to determine whether the San Juan 

Financial Basis (‘‘SNJ’’) contract, offered 

for trading on the 

IntercontinentalExchange, Inc. (‘‘ICE’’), 

an exempt commercial market (‘‘ECM’’) 

under Sections 2(h)(3)–(5) of the 

Commodity Exchange Act (‘‘CEA’’ or the 

‘‘Act’’), performs a significant price 

discovery function. Authority for this 

action is found in section 2(h)(7) of the 

CEA and Commission rule 36.3(c) 

promulgated thereunder. In connection 

mstockstill on DSKH9S0YB1PROD with NOTICES