67006 Federal Register / Vol. 71, No. 222 / Friday, November 17, 2006 / Notices 

3Securities Exchange Act Release No. 54538 

(September 28, 2006), 71 FR 59184 (October 6, 

2006) [File No. SR–Phlx–2006–43] (Order granting 

approval of a proposed rule change relating to 

Phlx’s new equity trading system, XLE). 4 17 CFR 242.600(b)(47). 

5Not every security on XLE will require a market 

maker. However, if a market maker or multiple 

market makers choose to register in a security, they 

must provide a two-sided market in that security on 

XLE during regular trading hours (usually 9:30 AM 

to 4:00 PM) of the security. Therefore, some 

securities on XLE may have no market makers or 

may have one or more market makers. 6SCCP Rule 9, Margin Accounts. 

7The rule change in File No. SR–Phlx–2006–43 

defines the term ‘‘market maker’’ in Phlx Rule 1, 

Definitions, paragraph (m). It also adds new rules 

170 through 174 to set forth the registration 

requirements, rights, and obligations of Phlx market 

makers. 

8 15 U.S.C. 78q–1. 

9 15 U.S.C. 78q–1(b)(3)(F). 10 17 CFR 200.30–3(a)(12). 

granting approval of the proposed rule 

change. 

II. Description 

The rule change amends the 

definition of ‘‘margin member’’ in SCCP 

Rule 1, Definitions, to accommodate the 

introduction of equity market makers on 

the Philadelphia Stock Exchange 

(‘‘Phlx’’) and to reflect the introduction 

of Phlx’s new equity trading system, 

XLE, which will replace Phlx’s equity 

trading floor.3 XLE is an electronic 

trading system which will provide for 

the entry, display, ranking, routing, and 

execution of orders in NMS stocks4 for 

its members and member organizations 

(‘‘XLE Participants’’). The current equity 

specialists will be replaced by market 

makers, a type of XLE Participant, 

which will be liquidity providers on 

XLE.5

SCCP Rule 1, Definitions, currently 

defines ‘‘margin members’’ as SCCP 

participants that are Phlx specialists, 

alternate specialists, or other Phlx floor 

members specifically approved by the 

National Securities Clearing Corporation 

to effect trading in a margin account. 

Margin members that clear and settle 

their transactions through SCCP’s 

‘‘omnibus clearance and settlement 

account’’ at NSCC receive margin 

accounts from SCCP.6 SCCP expects that 

many of its current margin members 

that are Phlx specialists, alternate 

specialists, or other Phlx floor members 

will become XLE Participants, including 

market makers, upon approval of XLE. 

This rule change amends the definition 

of margin member in SCCP’s rules to 

add the term market maker7 and to 

remove the word floor from the term 

Phlx floor member. This will allow 

SCCP members that are currently 

margin members under Rule 1 of SCCP’s 

rules to maintain their status as margin 

members following Phlx’s transition to 

XLE. 

SCCP believes that the proposed rule 

change is consistent with Section 17A of 

the Act8 because the proposed rule 

change is designed to allow current 

SCCP margin members to maintain their 

status as they transition from the current 

floor based trading environment at Phlx 

to the XLE electronic trading system and 

would thereby promote the prompt and 

accurate clearance and settlement of 

securities transactions and remove 

impediments to and perfect the 

mechanism of a national system for the 

prompt and accurate clearance of 

securities transactions. 

III. Discussion 

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

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.9 SCCP is a member of 

NSCC and has an omnibus clearance 

and settlement account at NSCC through 

which its margin members’ transactions 

are cleared and settled. The proposed 

rule change amends the definition of 

margin member in SCCP’s rules to 

accommodate the Phlx rule change 

regarding XLE that was recently 

approved by the Commission. The 

proposed rule change neither affects the 

services SCCP may provide to its 

member nor affects SCCP’s agreement 

with NSCC to clear and settle 

transactions submitted through SCCP’s 

omnibus account. Accordingly, because 

the proposed rule change is designed to 

be consistent with the new Phlx rules 

for the XLE trading platform and to 

avoid any confusion with respect to the 

services SCCP’s members may receive 

either directly from SCCP or through 

SCCP’s omnibus clearance and 

settlement account at NSCC, we find 

that it is designed 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 and 

the rules and regulations thereunder. 

It is therefore ordered, pursuant to 

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

proposed rule change (File No. SR–

SCCP–2006–02) be and hereby is 

approved. 

For the Commission by the Division of 

Market Regulation, pursuant to delegated 

authority.10

Nancy M. Morris, 

Secretary. 

[FR Doc. E6–19422 Filed 11–16–06; 8:45 am] 

BILLING CODE 8011–01–P 

DEPARTMENT OF TRANSPORTATION 

Federal Aviation Administration 

Notice of Intent to Request Revision 

From the Office of Management and 

Budget of a Currently Approved 

Information Collection Activity, 

Request for Comments; FAA Antidrug 

And Alcohol Misuse Prevention 

Programs 

AGENCY: Federal Aviation 

Administration, (FAA), DOT. 

ACTION: Notice and request for 

comments. 

SUMMARY: The FAA invites public 

comments about our intention to request 

the Office of Management and Budget 

(OMB) to approve a current information 

collection. The FAA uses this 

information for determining program 

compliance or non-compliance of 

regulated aviation employers, oversight 

planning, determining who must 

provide annual MIS testing information, 

and communicating with entities 

subject to the program regulations. 

DATES: Please submit comments by 

January 16, 2007. 

FOR FURTHER INFORMATION CONTACT: 

Carla Mauney on (202) 267–9895, or by 

e-mail at: Carla.Mauney@faa.gov. 

SUPPLEMENTARY INFORMATION: 

Federal Aviation Administration (FAA) 

Total: FAA Antidrug And Alcohol 

Misuse Prevention Programs. 

Type of Request: Revision of an 

approved collection. 

OMB Control Number: 2120–0535. 

Forms(s): There are no FAA forms 

associated with this collection. 

Affected Public: A total of 7,000 

Respondents. 

Frequency: The information is 

collected on occasion. 

Estimated Average Burden Per 

Response: Approximately 5 minutes per 

response. 

Estimated Annual Burden Hours: An 

estimated 22,892 hours annually. 

Abstract: The FAA uses this 

information for determining program 

compliance or non-compliance of 

regulated aviation employers, oversight 

planning, determining who must 


jlentini on PROD1PC65 with NOTICES
Federal Register / Vol. 71, No. 222 / Friday, November 17, 2006 / Notices 67007 

provide annual MIS testing information, 

and communicating with entities 

subject to the program regulations. In 

addition, the information is used to 

ensure that appropriate action is taken 

in regard to crew members and other 

safety-sensitive employees who have 

tested positive for drugs or alcohol, or 

have refused to submit to testing. 

ADDRESSES: Send comments to the 

FAA at the following address: Ms. Carla 

Mauney, Room 712, Federal Aviation 

Administration, Strategy and 

Investment Analysis Division, AIO–20, 

800 Independence Ave., SW., 

Washington, DC 20591. 

Comments are invited on: Whether 

the proposed collection of information 

is necessary for the proper performance 

of the functions of the Department, 

including whether the information will 

have practical utility; the accuracy of 

the Department’s estimates of the 

burden of the proposed information 

collection; ways to enhance the quality, 

utility and clarity of the information to 

be collected; and ways to minimize the 

burden of the collection of information 

on respondents, including the use of 

automated collection techniques or 

other forms of information technology. 

Issued in Washington, DC, on November 

13, 2006. 

Carla Mauney, 

FAA Information Collection Clearance 

Officer, Strategy and Investment Analysis 

Division, AIO–20. 

[FR Doc. 06–9247 Filed 11–16–06; 8:45 am] 

BILLING CODE 4910–13–M 

DEPARTMENT OF TRANSPORTATION 

Federal Aviation Administration 

Noise Exposure Map Notice; 

Burlington International Airport, South 

Burlington VT 

AGENCY: Federal Aviation 

Administration, DOT. 

ACTION: Notice. 

SUMMARY: The Federal Aviation 

Administration (FAA) announces its 

determination that the noise exposure 

maps for Burlington International 

Airport, as submitted by the City of 

Burlington under the provisions of Title 

I of the Aviation Safety and Noise 

Abatement Act of 1979 (Pub. L. 96–193) 

and 14 CFR part 150, are in compliance 

with applicable requirements. 

DATES: Effective Date: The effective date 

of the FAA’s determination on the noise 

exposure maps is November 6, 2006. 

FOR FURTHER INFORMATION CONTACT: 

Richard Doucette, Federal Aviation 

Administration, New England Region 

Airports Division, 12 New England 

Executive Park, Burlington, 

Massachusetts 01803. 

SUPPLEMENTARY INFORMATION: This 

notice announces that the FAA funds 

that the noise exposure maps submitted 

for Burlington International Airport are 

in compliance with applicable 

requirements of Part 150, effective 

November 6, 2006. 

Under Section 103 of Title I of the 

Aviation Safety and Noise Abatement 

Act of 1979 (hereinafter referred to as 

‘‘the Act’’), an airport operator may 

submit to the FAA noise exposure maps 

that meet applicable regulations and 

that depict non-compatible land uses as 

of the date of submission of such maps, 

a description of projected aircraft 

operations, and the ways in which such 

operations will affect such maps. The 

Act requires such maps to be developed 

in consultation with interested and 

affected parties in the local community, 

government agencies, and persons using 

the airport. 

An airport operator who has 

submitted such noise exposure maps 

that are found by FAA to be in 

compliance with the requirements of 

Federal Aviation Regulation (FAR) Part 

150, promulgated pursuant to Title I of 

the Act, may submit a noise 

compatibility program for FAA approval 

that sets forth the measures the operator 

has taken, or proposes, for the 

introduction of additional noncompatible uses. 

The FAA has completed its review of 

the noise exposure map and related 

descriptions submitted by the City of 

Burlington. The specific maps under 

consideration were ‘‘Figure 1. 2006 

Existing Condition Noise Exposure 

Map’’ and ‘‘Figure 2. 2011 Forecast 

Condition Noise Exposure Map’’ in the 

submission. The FAA has determined 

that these maps for Burlington 

International Airport are in compliance 

with applicable requirements. This 

determination is effective on November 

6, 2006. 

FAA’s determination on an airport 

operator’s noise exposure maps is 

limited to a finding that the maps were 

developed in accordance with the 

procedures contained in Appendix A of 

FAR Part 150. Such determination does 

not constitute approval of the 

applicant’s data, information or plans, 

or a commitment to approve a noise 

compatibility program or to fund the 

implementation of that program. 

If questions arise concerning the 

precise relationship of specific 

properties to noise exposure contours 

depicted on a noise exposure map 

submitted under Section 103 of the Act, 

it should be noted that the FAA is not 

involved in any way in determining the 

relative locations of specific properties 

with regard to the depicted noise 

contours, or in interpreting the noise 

exposure maps to resolve questions 

concerning, for example, which 

properties should be covered by the 

provisions of Section 107 of the Act. 

These functions are inseparable from 

the ultimate land use control and 

planning responsibilities of local 

government. These local responsibilities 

are not changed in any way under Part 

150 or through FAA’s review of a noise 

exposure map. Therefore, the 

responsibility for the detailed 

overlaying of noise exposure contours 

onto the map depicting properties on 

the surface rests exclusively with the 

airport operator that submitted the map 

or with those public agencies and 

planning agencies with which 

consultation is required under Section 

103 of the Act. The FAA has relied on 

the certification by the airport operator, 

under Section 150.21 of FAR Part 150, 

that the statutorily required consultation 

has been accomplished. 

Copies of the noise exposure maps are 

available for examination at the 

following locations: Engineering Office, 

Room 295 Terminal Building, 

Burlington International Airport, 1200 

Airport Drive, South Burlington VT, 

Federal Aviation Administration, New 

England Region, Airports Division, 12 

New England Executive Park, 

Burlington, Massachusetts 01803. 

Questions may be directed to the 

individual named above under the 

heading: FOR FURTHER INFORMATION

CONTACT. 

Issued in Burlington, Massachusetts on 

November 6, 2006. 

LaVerne Reid, 

Manager, Airports Division. 

[FR Doc. 06–9249 Filed 11–16–06; 8:45 am] 

BILLING CODE 4910–13–M 

DEPARTMENT OF TRANSPORTATION 

Federal Aviation Administration 

Acceptance of Transfer Statements 

Under UCC 9–616, for Recording in 

Aircraft Records 

ACTION: Notice. 

SUMMARY: This notice is issued by the 

Federal Aviation Administration (FAA) 

Chief Counsel to advise interested 

parties of the FAA’s acceptance of 

transfer statements filed with the FAA 

Aircraft Registry that are executed under 

the Uniform Commercial Code, section 

9–619, as adopted by the various states. 


jlentini on PROD1PC65 with NOTICES