3750 Federal Register / Vol. 65, No. 15 / Monday, January 24, 2000 / Notices

9See 17 CFR 275.203A–3(a)(3)(i)

1 15 U.S.C. 78s(b)(1).

2 17 CFR 240.19b–4.

3Letter from Scott Van Hatten, Amex, to Richard

Strasser, Assistant Director, Division of Market

Regulation (‘‘Division’’), Commission, dated June

11, 1999 (‘‘Amendment No. 1’’). The Exchange

originally filed the proposed rule change under

Section 19(b)(3)(A) of the Act. Pursuant to

Commission staff’s request, the Exchange refiled the

proposed rule change under Section 19(b)(2) of the

Act.

4Letter from Scott Van Hatten, Amex, to Nancy

Sanow, Assistant Director, Division, Commission,

dated December 1, 1999 (‘‘Amendment No. 2’’).

Amendment No. 2 states that the exchange will

issue a circular prior to trading any new index

warrant pursuant to Rule 19b–4(e) to (i) highlight

specific risks associated with warrants on new

indexes and remind members that index warrants

are direct obligations of the issuer, which are not

subject to a clearing house guarantee, (ii) clarify that

index warrants may only be sold to accounts

approved for standardized options trading, and (iii)

clarify that the Exchange’s options suitability

standards apply to index warrants. Amendment No.

2 also states that Amex Rules 1100 through 1110,

which govern issuer eligibility, margin

requirements, discretionary accounts, supervision

of accounts, position and exercise limits, reportable

positions, and trading halts and suspensions, will

apply to index warrants. Finally, Amendment No.

2 states that the Exchange’s enhanced surveillance

procedures will continue to apply to surveillance of

index warrants traded pursuant to Rule 19b–4(e).

5See Securities Exchange Act Release No. 40761

(Dec. 8, 1998), 63 FR 70952 (Dec. 22, 1998).

6Amex Rule 900C defines ‘‘Stock Index Industry

Group’’ as a stock index group relating to a stock

index which reflects representative stock market

values or prices of a particular industry or related

industries (also referred to as a ‘‘narrow based

index’’).

7The Commission granted approval to list and

trade narrow-based index warrants pursuant to

Section 19(b)(3)(A) in Securities Exchange Act

Release No. 37007 (March 21, 1996), 61 FR 14165

(March 29, 1996).

Congress as reflected in the

Coordination Act.

8. Applicant argues that it is the type

of investment adviser that Congress

intended the Commission to consider

exempting under section 203A(c).

Applicant states that it provides services

predominantly to institutions and that it

believes that its business will remain

predominantly institutional. Applicant

will not market its services to individual

investors, and in no case will it have (i)

more than five clients who are natural

persons (other than certain ‘‘excepted

persons,’’ as that term is defined in rule

203A–3, paragraph (a)(3)(i) under the

Advisers Act 9) or (ii) more than ten

percent of its clients who are natural

persons (other than certain excepted

persons).

For the SEC, by the Division of Investment

Management, under delegated authority.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 00–1634 Filed 1–21–00; 8:45 am]

BILLING CODE 8010–01–M

SECURITIES AND EXCHANGE

COMMISSION

Sunshine Act Meeting

FEDERAL REGISTER CITATION OF PREVIOUS

ANNOUNCEMENT: [65 FR 2656, January

18, 2000]

STATUS: Closed Meeting.

PLACE: 450 Fifth Street, N.W.,

Washington, D.C.

DATE PREVIOUSLY ANNOUNCED: January

18, 2000.

CHANGE IN THE MEETING: Cancellation of

Meeting.

The closed meeting scheduled for

Thursday, January 20, 2000 at 11:00

a.m., has been canceled.

At times, changes in Commission

priorities require alterations in the

scheduling of meeting items. For further

information and to ascertain what, if

any, matters have been added, deleted

or postponed, please contact:

The Office of the Secretary at (202)

942–7070.

Dated: January 20, 2000.

Jonathan G. Katz,

Secretary.

[FR Doc. 00–1753 Filed 1–20–00 3:47 pm]

BILLING CODE 8010–01–M

SECURITIES AND EXCHANGE

COMMISSION

(Release No. 34–42342; File No. SR–Amex–

99–21)

Self-Regulatory Organizations; Notice

of Filing of Proposed Rule Change by

the American Stock Exchange LLC

Amending Section 106 of the Amex

Company Guide

DATE: January 14, 2000.

Pursuant to Section 19(b)(1) of the

Securities Exchange Act of 1934

(‘‘Act’’) 1 and Rule 19b–4 thereunder,2

notice is hereby given that on June 10,

1999, the American Stock Exchange LLC

(‘‘Amex’’ or ‘‘Exchange’’) filed with the

Securities and Exchange Commission

(‘‘Commission’’) the proposed rule

change as described in Items I, II, and

III below, which Items have been

prepared by the Amex. The Exchange

filed Amendments No. 1 3 and No. 2 4 to

the proposed rule change on June 14,

1999 and December 1, 1999,

respectively. The Commission is

publishing this notice to solicit

comments on the proposed rule change,

as amended, from interested persons.

I. Self-Regulatory Organization’s

Statement of the Terms of Substance of

the Proposed Rule Change

The Exchange proposes to amend

Section 106 of the Amex Company

Guide to provide for the trading of

narrow-based stock index warrants

pursuant to new Rule 19b–4(e) 5 under

the Act.

II. Self-Regulatory Organization’s

Statement of the Propose of, and

Statutory Basis for, the Proposed Rule

Change

In its filing with the Commission, the

self-regulatory organization included

statements concerning the purpose of,

and basis for, the proposed rule change

and discussed any comments it received

on the proposed rule change. The text

of these statements may be examined at

the places specified in Item IV below.

The Amex has prepared summaries, set

forth in sections A, B, and C below, of

the most significant aspects of such

statements.

A. Self-Regulatory Organization’s

Statement of the Purpose of, and

Statutory Basis for, the Proposed Rule

Change

1. Purpose

The Exchange proposes to amend

Section 106 of the Amex Company

Guide to provide for the trading of stock

index industry group warrants 6

pursuant to new Rule 19b–4(e) under

the Act. Section 106 of the Amex

Company Guide currently authorizes

the Exchange to trade warrants on a

stock index industry group pursuant to

Section 19(b)(3)(A) of the Act provided

that the index meets the generic criteria

set forth in Commentary .02 to Amex

Rule 901C.7 As discussed in the

Commission release adopting new Rule

19b–4(e), however, the Exchange would

no longer be required to submit,

pursuant to new Rule 19b–4(e) under

the Act, a proposed rule change to trade

warrants on a new stock index industry

group provided the index meets the

generic criteria set forth in Commentary

.02 to Amex Rule 901C.

In its release adopting new Rule 19b–

4(e), the Commission noted that in order

to rely on the amendment and not

submit filings pursuant to Section

19(b)(3)(A) for warrants that satisfy the

criteria of Rule 901C, a self-regulatory

organization would be required to

submit a proposed rule change for

Commission approval to eliminate the

Section 19(b)(3)(A) rule filing

Federal Register / Vol. 65, No. 15 / Monday, January 24, 2000 / Notices 3751

8See supra n. 5, at n. 89.

9The Commission approved a similar change to

Amex Rule 901C to permit the trading of narrowbased index options pursuant to new Rule 19–4(e).

See Securities Exchange Act Release No. 41091

(Feb. 23, 1999), 64 FR 10515 (March 4, 1999).

10 15 U.S.C. 78f(b).

11 15 U.S.C. 78f(b)(5). 12 17 CFR 200.30–3(a)(12).

requirement from its existing rules.8

Accordingly, to enable the Exchange to

use new Rule 19b–4(e), the Exchange

proposes to eliminate the Section

19(b)(3)(A) rule filing requirement from

Section 106 of the Amex Company

Guide.9 Amex Rule 901C will remain

unchanged. The Exchange represents

that the use of new rule 19b–4(e) will be

in accordance with the terms and

conditions set forth in the order

approving the Rule.

2. Statutory Basis

The proposed rule change is

consistent with Section 6(b) of the Act 10

in general and furthers the objectives of

Section 6(b)(5) 11 in particular in that it

is 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.

B. Self-Regulatory Organization’s

Statement on Burden on Competition

The Exchange does not believe that

the proposed rule change will impose

any burden on competition.

C. Self-Regulatory Organization’s

Statement on Comments on the

Proposed Rule Change Received from

Members, Participants, or Others

The Exchange did not solicit or

receive any written comments with

respect to the proposed rule change.

III. Date of Effectiveness of the

Proposed Rule Change and Timing for

Commission Action

Within 35 days of the date of

publication of this notice in the Federal

Register or within such longer period:

(i) As the Commission may designate up

to 90 days of such date if it finds such

longer period to be appropriate and

publishes its reasons for so finding, or

(ii) As to which the Exchange consents,

the Commission will:

(A) by order approve such proposed

rule change, or

(B) institute proceedings to determine

whether the proposed rule change

should be disapproved.

IV. Solicitation of Comments

Interested persons are invited to

submit written data, views and

arguments concerning the foregoing,

including whether the proposed rule

change is consistent with the Act.

Persons making written submissions

should file six copies thereof with the

Secretary, Securities and Exchange

Commission, 450 Fifth Street, N.W.,

Washington, D.C. 20549–0609. Copies of

the submission, all subsequent

amendments, all written statements

with respect to the proposed rule

change that are filed with the

Commission, and all written

communications relating to the

proposed rule change between the

Commission and any person, other than

those that may be withheld from the

public in accordance with the

provisions of 5 U.S.C. 552, will be

available for inspection and copying in

the Commission’s Public Reference

Room. Copies of the filing will also be

available for inspection and copying at

the principal office of the Amex. All

submissions should refer to the File No.

SR–Amex–99–21 and should be

submitted by February 14, 2000.

For the Commission, by the Division of

Market Regulation, pursuant to delegated

authority.12

Jonathan G. Katz,

Secretary.

[FR Doc. 00–1574 Filed 1–21–00; 8:45 am]

BILLING CODE 8010–01–M

SMALL BUSINESS ADMINISTRATION

Reporting and Recordkeeping

Requirements Under OMB Review

AGENCY: Small Business Administration.

ACTION: Notice of Reporting

Requirements Submitted for OMB

Review.

SUMMARY: Under the provisions of the

Paperwork Reduction Act (44 U.S.C.

Chapter 35), agencies are required to

submit proposed reporting and

recordkeeping requirements to OMB for

review and approval, and to publish a

notice in the Federal Register notifying

the public that the agency has made

such a submission.

DATES: Submit comments on or before

February 23, 2000. If you intend to

comment but cannot prepare comments

promptly, please advise the OMB

Reviewer and the Agency Clearance

Officer before the deadline.

COPIES: Request for clearance (OMB 83–

1), supporting statement, and other

documents submitted to OMB for

review may be obtained from the

Agency Clearance Officer.

ADDRESSES: Address all comments

concerning this notice to: Agency

Clearance Officer,≤ Jacqueline White,

Small Business Administration, 409 3rd

Street, S.W., 5th Floor, Washington,

D.C. 20416; and OMB Reviewer, Office

of Information and Regulatory Affairs,

Office of Management and Budget, New

Executive Office Building, Washington,

D.C. 20503.

FOR FURTHER INFORMATION CONTACT:

Jacqueline White, Agency Clearance

Officer, (202) 205–7044.

SUPPLEMENTARY INFORMATION:

Title: Pre-Disaster Mitigation Small

Business Loan Application.

Form No: 5M.

Frequency: On Occasion.

Description of Respondents: Persons

applying for pre-disaster mitigation

loans.

Annual Responses: 2,500.

Annual Burden: 5,000.

Jacqueline White,

Chief, Administrative Information Branch.

[FR Doc. 00–1531 Filed 1–21–00; 8:45 am]

BILLING CODE 8025–01–U

DEPARTMENT OF STATE

[Public Notice 3206]

Culturally Significant Objects Imported

for Exhibition Determinations:

‘‘Science Under Sail: Russia’s Great

Voyages to America, 1728–1867’’

DEPARTMENT: United States Department

of State.

ACTION: Notice.

SUMMARY: Notice is hereby given of the

following determinations: Pursuant to

the authority vested in me by the Act of

October 19, 1965 (79 Stat. 985, 22 U.S.C.

2459), the Foreign Affairs Reform and

Restructuring Act of 1998 (112 Stat.

2681, et seq.), Delegation of Authority

No. 234 of October 1, 1999, and

Delegation of Authority No. 236 of

October 19, 1999, as amended, I hereby

determine that the objects to be

included in the exhibition ‘‘Science

Under Sail: Russia’s Great Voyages to

America, 1728–1867,’’ imported from

abroad for temporary exhibition without

profit within the United States, are of

cultural significance. These objects are

imported pursuant to loan agreements

with foreign lenders. I also determine

that the exhibition or display of the

exhibit objects at the Anchorage

Museum of History and Art, Anchorage,

Alaska, from on or about May 4, 2000,