49028 Federal Register / Vol. 72, No. 165 / Monday, August 27, 2007 / Notices 

PLACE: Commissioners’ Conference 

Room, 11555 Rockville Pike, Rockville, 

Maryland. 

STATUS: Public and Closed. 

ADDITIONAL MATTERS TO BE CONSIDERED: 

Week of August 27, 2007—Tentative 

Thursday, August 30, 2007 

9 a.m. 

Affirmation Session (Public Meeting) 

(Tentative) 

a. Final Rule: 10 CFR Parts 30, 31, 32, 

and 150—Exemptions from 

Licensing, General Licenses, and 

Distribution of Byproduct Material: 

Licensing and Reporting 

Requirements (RIN 3150–AH41) 

(Tentative) 

b. Pacific Gas and Electric Co. (Diablo 

Canyon ISFSI), Docket No. 72–26–

ISFSI, San Luis Obispo Mothers for 

Peace’s Contentions and Request for 

Hearing Regarding Diablo Canyon 

Environmental Assessment 

Supplement (Tentative) 

c. Southern Nuclear Operating Co. 

(Early Site Permit for Vogtle ESP 

Site)—Certified Question Regarding 

Conduct of Mandatory Hearing 

(Tentative) 

Week of September 3, 2007—Tentative 

Tuesday, September 4, 2007 

2:30 p.m. 

Briefing on Radioactive Materials 

Security and Licensing (Public 

Meeting) (Contact: Robert Lewis, 

301–415–8722) 

Additional Information 

The Affirmation Session previously 

scheduled at 12:55 p.m. on August 30, 

2007, has been rescheduled at 9 a.m. on 

August 30, 2007. Also, a third item for 

affirmation has been added, tentatively: 

Final Rule: 10 CFR parts 30, 31, 32, and 

150—Exemptions from Licensing, 

General Licenses, and Distribution of 

Byproduct Material: Licensing and 

Reporting Requirements (RIN 3150–

AH41). 

Briefing on Radioactive Materials 

Security and Licensing (Public Meeting) 

tentatively scheduled on September 28, 

2007 at 9:30 a.m. has been rescheduled 

on September 4, 2007, at 2:30 p.m. 

* * * * * 

*The schedule for Commission 

meetings is subject to change on short 

notice. To verify the status of meetings 

call (recording)—(301) 415–1292. 

Contact person for more information: 

Michelle Schroll, (301) 415–1662. 

* * * * * 

The NRC Commission Meeting 

Schedule can be found on the Internet 

at: http://www.nrc.gov/what-we-do/

policy-making/schedule.html. 

* * * * * 

The NRC provides reasonable 

accommodation to individuals with 

disabilities where appropriate. If you 

need a reasonable accommodation to 

participate in these public meetings, or 

need this meeting notice or the 

transcript or other information from the 

public meetings in another format (e.g. 

braille, large print), please notify the 

NRC’s Disability Program Coordinator, 

Rohn Brown, at 301–415–2279, TDD: 

301–415–2100, or by e-mail at 

REB3@nrc.gov. Determinations on 

requests for reasonable accommodation 

will be made on a case-by-case basis. 

* * * * * 

This notice is distributed by mail to 

several hundred subscribers; if you no 

longer wish to receive it, or would like 

to be added to the distribution, please 

contact the Office of the Secretary, 

Washington, DC 20555 (301–415–1969). 

In addition, distribution of this meeting 

notice over the Internet system is 

available. If you are interested in 

receiving this Commission meeting 

schedule electronically, please send an 

electronic message to dkw@nrc.gov. 

Dated: August 21, 2007. 

R. Michelle Schroll, 

Office of the Secretary. 

[FR Doc. 07–4201 Filed 8–23–07; 10:28 am] 

BILLING CODE 7590–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

Submission for OMB Review; 

Comment Request 

Upon written request, copies available 

from: Securities and Exchange 

Commission, Office of Investor 

Education and Advocacy, 

Washington, DC 20549–0213. 

Extension: Rule 17a–3(a)(16), SEC File No. 

270–452, OMB Control No. 3235–0508. 

Notice is hereby given that pursuant 

to the Paperwork Reduction Act of 1995 

(44 U.S.C. Sec. 3501 et seq.), the 

Securities and Exchange Commission 

(‘‘Commission’’) has submitted to the 

Office of Management and Budget 

(‘‘OMB’’) a request for extension of the 

previously approved collection of 

information discussed below. 

Rule 17a–3(a)(16) (17 CFR 240.17a–

3(a)(16)) under the Securities Exchange 

Act of 1934 (the ‘‘Act’’) (15 U.S.C. 78q 

et seq.) identifies the records required to 

be made by broker-dealers that operate 

internal broker-dealer systems. Those 

records are to be used in monitoring 

compliance with the Commission’s 

financial responsibility program and 

antifraud and antimanipulative rules, as 

well as other rules and regulations of 

the Commission and the self-regulatory 

organizations. It is estimated that 

approximately 105 active broker-dealer 

respondents registered with the 

Commission incur an average burden of 

2,835 hours per year (105 respondents 

multiplied by 27 burden hours per 

respondent equals 2,385 total burden 

hours) to comply with this rule. The 

average cost per hour is $197. Therefore 

the total cost of compliance for the 

respondents is $558,495. 

Rule 17a–3(a)(16) does not contain 

record retention requirements. 

Compliance with the rule is mandatory. 

The required records are available only 

to the examination staff of the 

Commission and the self-regulatory 

organization of which the broker-dealer 

is a member. An agency may not 

conduct or sponsor and a person is not 

required to respond to a collection of 

information unless it displays a 

currently valid control number. 

Comments should be directed to (i) 

Desk Officer for the Securities and 

Exchange Commission, Office of 

Information and Regulatory Affairs, 

Office of Management and Budget, 

Room 10102, New Executive Office 

Building, Washington, DC 20503 or by 

sending an e-mail to: 

David_Rostker@omb.eop.gov; and (ii) R. 

Corey Booth, Director/Chief Information 

Officer, Securities and Exchange 

Commission, c/o Shirley Martinson, 

6432 General Green Way, Alexandria, 

VA 22312 or send an e-mail to: 

PRA_Mailbox@sec.gov. Comments must 

be submitted within 30 days of this 

notice. 

Dated: August 20, 2007. 

Florence E. Harmon, 

Deputy Secretary. 

[FR Doc. E7–16880 Filed 8–24–07; 8:45 am] 

BILLING CODE 8010–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[File No. 500–1] 

In the Matter of Environmental 

Safeguards, Inc., Garden Botanika, 

Inc., Northwestern Steel & Wire Co., 

Paul Harris Stores, Inc., Ultra 

Motorcycle Co., UStel, Inc., and Yarc 

Systems Corp.; Order of Suspension 

of Trading 

August 23, 2007. 

It appears to the Securities and 

Exchange Commission that there is a 

lack of current and accurate information 


rmajette on PROD1PC64 with NOTICES
Federal Register / Vol. 72, No. 165 / Monday, August 27, 2007 / Notices 49029 

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

2 17 CFR 240.19b–4. 

3Securities Exchange Act Release No. 56036 (July 

10, 2007), 72 FR 38850 (July 16, 2007). 

4See Securities Exchange Act Release No. 53342 

(February 21, 2006), 71 FR 10086 (February 28, 

2006) (SR–CBOE–2006–008); See also CBOE 

Regulatory Circular 2006–23 (describing 

methodology for determining date of calculation of 

exercise settlement value and expiration date). 

5The options used to calculate the Volatility 

Indexes are traded on CBOE and generally expire 

on the third Friday of any given calendar month. 

concerning the securities of 

Environmental Safeguards, Inc. because 

it has not filed any periodic reports 

since it filed a Form 10–QSB for the 

period ended June 30, 2004. 

It appears to the Securities and 

Exchange Commission that there is a 

lack of current and accurate information 

concerning the securities of Garden 

Botanika, Inc. because it has not filed 

any periodic reports since it filed a 

Form 10–Q for the period ended 

October 28, 2000. 

It appears to the Securities and 

Exchange Commission that there is a 

lack of current and accurate information 

concerning the securities of 

Northwestern Steel & Wire Co. because 

it has not filed any periodic reports 

since it filed a Form 10–Q for the period 

ended January 31, 2001. 

It appears to the Securities and 

Exchange Commission that there is a 

lack of current and accurate information 

concerning the securities of Paul Harris 

Stores, Inc. because it has not filed any 

periodic reports since it filed a Form 

10–Q for the period ended October 28, 

2000. 

It appears to the Securities and 

Exchange Commission that there is a 

lack of current and accurate information 

concerning the securities of Ultra 

Motorcycle Co. because it has not filed 

any periodic reports since it filed a 

Form 10–QSB for the period ended 

March 31, 2001. 

It appears to the Securities and 

Exchange Commission that there is a 

lack of current and accurate information 

concerning the securities of UStel, Inc. 

because it has not filed any periodic 

reports since it filed a Form 10–QSB for 

the period ended September 30, 1998. 

It appears to the Securities and 

Exchange Commission that there is a 

lack of current and accurate information 

concerning the securities of Yarc 

Systems Corp. because it has not filed 

any periodic reports since it filed a 

Form 10–KSB for the period ended 

January 31, 2000. 

The Commission is of the opinion that 

the public interest and the protection of 

investors require a suspension of trading 

in the securities of the above-listed 

companies. 

Therefore, it is ordered, pursuant to 

Section 12(k) of the Securities Exchange 

Act of 1934, that trading in the abovelisted companies is suspended for the 

period from 9:30 a.m. EDT on August 

23, 2007, through 11:59 p.m. EDT on 

September 6, 2007. 

By the Commission. 

Nancy M. Morris, 

Secretary. 

[FR Doc. 07–4200 Filed 8–23–07; 9:51 am] 

BILLING CODE 8010–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–56287; File No. SR–CBOE–

2007–41] 

Self-Regulatory Organizations; 

Chicago Board Options Exchange, 

Incorporated; Order Approving 

Proposed Rule Change as Modified by 

Amendment No. 1 Thereto To Codify 

Pre-Existing Practices and To Amend 

and Supplement Rule 24.9 

August 20, 2007. 

On May 1, 2007, the Chicago Board 

Options Exchange, Incorporated 

(‘‘CBOE’’) filed with the Securities and 

Exchange Commission (‘‘SEC’’ or 

‘‘Commission’’), pursuant to Section 

19(b)(1) of the Securities Exchange Act 

of 1934 (‘‘Act’’) 1 and Rule 19b–4 

thereunder,2 a proposal to amend Rule 

24.9, Terms of Index Options, to codify 

the pre-existing methodology used for 

determining the day on which the 

exercise settlement value of CBOE 

Volatility Index options and CBOE 

Increased-Value Volatility Index options 

(collectively,’’Volatility Index options’’) 

is calculated and to supplement the 

manner for determining the day on 

which the exercise settlement value of 

Volatility Index options is calculated in 

the event of an Exchange holiday. 

The Exchange submitted Amendment 

No. 1 to the proposed rule change on 

June 7, 2007. The proposed rule change 

was published for comment in the 

Federal Register on July 16, 2007.3 The 

Commission received no comments on 

the proposal. This order approves the 

proposed rule change as modified by 

Amendment No. 1. 

In this proposal, CBOE proposed to 

amend Rule 24.9, Terms of Index 

Options, to codify the pre-existing 

methodology used for determining the 

day on which the exercise settlement 

value of Volatility Index options is 

calculated.4 This day is also the 

expiration date for Volatility Index 

options and the business day 

immediately before the expiration date 

is the last trading day for Volatility 

Index options. The Exchange also 

proposed to supplement the manner for 

determining the day on which the 

exercise settlement value of Volatility 

Index options is calculated in the event 

of an Exchange holiday. 

In general, each Volatility Index is 

calculated using the quotes of certain 

index option series (e.g., S&P 500 Index 

(‘‘SPX’’) options) to derive a measure of 

volatility of the U.S. equity market. 

Under CBOE’s current methodology, the 

day on which the exercise settlement 

value of a Volatility Index option is 

calculated and the expiration date of a 

Volatility Index option is the 

Wednesday that is thirty days prior to 

the third Friday of the calendar month 

immediately following the expiring 

month of the Volatility Index option.5

Additionally, the Tuesday immediately 

before that Wednesday is the last 

trading day for Volatility Index options. 

According to the CBOE, this 

methodology was chosen because it 

provides consistency by ensuring that 

Volatility Index options expire exactly 

thirty days before the expiration date of 

the options that are used to calculate the 

Volatility Indexes and reflects CBOE’s 

belief that the settlement process works 

best if underlying option series with a 

single expiration month are used to 

calculate a Volatility Index. According 

to CBOE, if underlying options series in 

two expiration months are used, the 

number of options series used in the 

settlement process is markedly 

increased and the settlement process 

becomes more complex and 

cumbersome. Consequently, in this 

filing the Exchange proposed to amend 

the existing text of Rule 24.9, relating to 

the current methodology, to codify its 

pre-existing practice. 

The Exchange further proposed to 

supplement the current methodology by 

providing a framework for determining 

the day on which the exercise 

settlement value for Volatility Index 

options will be calculated and the 

expiration date for Volatility Index 

options when the Exchange is closed on 

the third Friday of any given calendar 

month. Specifically, the Exchange 

proposed to amend Rule 24.9 to provide 

that if the third Friday of the month 

subsequent to the expiration of a 

Volatility Index option is an Exchange 

holiday, the exercise settlement value of 

the Volatility Index option will be 

calculated on the business day that is 

thirty days prior to the Exchange 


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