37470 Federal Register / Vol. 77, No. 120 / Thursday, June 21, 2012 / Notices 

170See OTC Markets Letter III at p. 4 (‘‘tier sizes 

should be designed to create the optimum balance 

to maximize marketplace efficiency and capital 

formation’’). 

171See Amendment No. 1, supra note 12 at p. 6, 

in which FINRA stated that ‘‘the improved display 

of customer limit orders resulting from the revised 

minimum quotation sizes will enhance the quality 

of published quotations for OTC Equity Securities 

and enhance competition and pricing efficiency in 

the market for OTC Equity Securities, which also 

should have a positive impact on capital 

formation.’’ 

172 15 U.S.C. 78s(b)(2). 

173 15 U.S.C. 78s(b)(2). 

174 17 CFR 200.30–3(a)(12). 

result in increased quoting by market 

makers because of the reduced capital 

commitment required per security, and 

thus increase competition among market 

makers. As with the proposal’s effects 

on efficiency, the Commission will give 

further consideration to the actual 

impact of the proposed rule change on 

competition during the pilot period. 

The Commission also has considered 

whether the proposed rule change 

would promote capital formation.170

The Commission notes that increased 

display of customer limit orders could 

result in narrower spreads which, in 

turn, could attract more investors to the 

marketplace. Increased investor activity 

could result in more efficient pricing 

and increased liquidity. Efficient pricing 

and increased liquidity could make the 

OTC marketplace a more attractive 

venue for capital formation, benefiting 

small issuers.171 However, if the revised 

tier sizes result in less activity by 

market makers, overall liquidity in the 

marketplace could decline. Such a 

decline could result in increased 

volatility and less efficient pricing for 

OTC equity securities. As a result, the 

OTC marketplace could become a less 

attractive venue for capital formation 

and thus negatively impact smaller 

issuers. The Commission preliminarily 

believes the overall impact of the 

proposal on the OTC marketplace will 

not be significantly negative or positive, 

but will monitor the impact of the 

revised tier sizes in connection with the 

pilot program. 

VI. Accelerated Approval 

The Commission finds goods cause, 

pursuant to Section 19(b)(2) of the 

Exchange Act,172 for approving the 

proposed rule change, as modified by 

Amendment Nos. 1 and 2 thereto, prior 

to the 30th day after publication of 

notice of the filing of Amendment No. 

2 in the Federal Register. The proposed 

rule change, as amended, was informed 

by FINRA’s consideration and 

incorporation of many suggestions made 

in comments to the Original Proposal, 

the Order Instituting Proceedings and 

Amendment No. 1. Amendment No. 2 

reflects FINRA’s efforts to adjust its 

proposal to better address commenters’ 

concerns and allow the impact of its 

proposal to be studied on a pilot basis. 

The proposed rule change, as amended, 

will allow the Commission to further 

consider, during the pilot period, issues 

raised by commenters with respect to 

certain aspects of the proposal, and to 

benefit from actual experience with the 

revised tier sizes that are being 

approved today on a pilot basis. Such 

further consideration will allow the 

Commission to consider whether 

modifications to the proposal are 

warranted prior to any decision to 

approve it on a permanent basis. 

Accordingly, the Commission finds 

that good cause exists to approve the 

proposal, as modified by Amendment 

Nos. 1 and 2, on an accelerated basis. 

VII. Solicitation of Comments 

Interested persons are invited to 

submit written data, views, and 

arguments concerning the foregoing, 

including whether Amendment No. 2 to 

the proposed rule change is consistent 

with the Act. Comments may be 

submitted by any of the following 

methods: 

Electronic Comments 

• Use the Commission’s Internet 

comment form (http://www.sec.gov/ 

rules/sro.shtml); or 

• Send an email to rulecomments@sec.gov. Please include File 

Number SR–FINRA–2011–058 on the 

subject line. 

Paper Comments 

• Send paper comments in triplicate 

to Elizabeth M. Murphy, Secretary, 

Securities and Exchange Commission, 

100 F Street NE., Washington, DC 

20549–1090. 

All submissions should refer to File 

Number SR–FINRA–2011–058. This file 

number should be included on the 

subject line if email is used. 

To help the Commission process and 

review your comments more efficiently, 

please use only one method. The 

Commission will post all comments on 

the Commission’s Internet Web site 

(http://www.sec.gov/rules/sro.shtml). 

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 Web site viewing and 

printing in the Commission’s Public 

Reference Room on official business 

days between the hours of 10:00 a.m. 

and 3:00 p.m. Copies of such filing also 

will be available for inspection and 

copying at the principal office of 

FINRA. All comments received will be 

posted without change; the Commission 

does not edit personal identifying 

information from submissions. You 

should submit only information that 

you wish to make available publicly. All 

submissions should refer to File 

Number SR–FINRA–2011–058, and 

should be submitted on or before July 

12, 2012. 

VIII. Conclusion 

It is therefore ordered, pursuant to 

Section 19(b)(2) of the Act,173 that the 

proposed rule change (SR–FINRA– 

2011–058), as modified by Amendment 

Nos. 1 and 2, be, and hereby is, 

approved on an accelerated basis as a 

one-year pilot. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.174

Kevin M. O’Neill, 

Deputy Secretary. 

[FR Doc. 2012–15126 Filed 6–20–12; 8:45 am] 

BILLING CODE 8011–01–P 

DEPARTMENT OF TRANSPORTATION 

Federal Aviation Administration 

Technical Standard Order (TSO)-C65a, 

Airborne Doppler Radar Ground Speed 

and/or Drift Angle Measuring 

Equipment (for Air Carrier Aircraft) 

AGENCY: Federal Aviation 

Administration (FAA), DOT. 

ACTION: Notice of intent to cancel 

Technical Standard Order (TSO)-C65a, 

Airborne Doppler radar ground speed 

and/or drift angle measuring equipment 

(for air carrier aircraft). 

SUMMARY: This notice announces the 

FAA’s intent to cancel TSO-C65a, 

Airborne Doppler radar ground speed 

and/or drift angle measuring equipment 

(for air carrier aircraft). 

The effect of the cancelled TSO will 

result in no new TSO-C65a design or 

production approvals. However, 

cancellation will not affect current 

production of articles with an existing 

TSO authorization. Articles produced 

under an existing TSOA can still be 

installed per the existing airworthiness 

approvals, and all applications for new 

airworthiness approvals will still be 

processed. 

mstockstill on DSK4VPTVN1PROD with NOTICES

Federal Register / Vol. 77, No. 120 / Thursday, June 21, 2012 / Notices 37471 

DATES: Comments must be received on 

or before July 23, 2012. 

FOR FURTHER INFORMATION CONTACT: Mr. 

Albert Sayadian, AIR–130, Federal 

Aviation Administration, 470 L’Enfant 

Plaza, Suite 4102, Washington, DC 

20024. Telephone (202) 385–4652, fax 

(202) 385–4651, email to: 

albert.sayadian@faa.gov. 

SUPPLEMENTARY INFORMATION: 

Comments Invited 

You are invited to comment on the 

cancellation of the TSO-C65a by 

submitting written data, views, or 

arguments to the above address. 

Comments received may be examined, 

both before and after the closing date at 

the above address, weekdays except 

federal holidays, between 8:30 a.m. and 

4:30 p.m. The Director, Aircraft 

Certification Service, will consider all 

comments received on or before the 

closing date. 

Background 

The Doppler radar ground speed and/ 

or drift angle measuring equipment 

described by this TSO was used to 

provide inputs to semiautomatic selfcontained dead reckoning navigation 

systems which were not continuously 

dependent on information derived from 

ground based or external navigation 

aids. The system employed radar signals 

to detect and measure ground speed and 

drift angle, using the aircraft compass 

system as its directional reference. This 

approach is less accurate than Inertial 

Navigation Systems (INS), and the use 

of an external reference is required for 

periodic updates if acceptable position 

accuracy is to be achieved on long range 

flights. Use of INS and Global 

Positioning System (GPS) has rendered 

TSO-C65a Doppler sensor equipment 

that provides inputs to dead reckoning 

navigation systems obsolete. 

On August 18, 1983, the FAA 

published TSO-C65a, Airborne Doppler 

radar ground speed and/or drift angle 

measuring equipment (for air carrier 

aircraft). The FAA has no record of any 

TSO-C65a applications from 1990 

onward. Our research indicates no new 

TSO-C65a applications are in progress, 

and no authorized manufacturers are 

manufacturing, advertising, or selling 

TSO-C65a compliant equipment. Given 

the obsolescence of the equipment, and 

the lack of industry interest in new 

TSO-C65a product designs, we propose 

cancelling TSO-C65a. 

Issued in Washington, DC, on June 18, 

2012. 

Susan J.M. Cabler, 

Assistant Manager, Aircraft Engineering 

Division, Aircraft Certification Service. 

[FR Doc. 2012–15209 Filed 6–20–12; 8:45 am] 

BILLING CODE 4910–13–P 

DEPARTMENT OF TRANSPORTATION 

National Highway Traffic Safety 

Administration 

[Docket No. NHTSA–2012–0084] 

National Automotive Sampling System 

AGENCY: National Highway Traffic 

Safety Administration (NHTSA), 

Department of Transportation (DOT). 

ACTION: Notice and request for 

comments. 

SUMMARY: The NHTSA is conducting a 

comprehensive review of the National 

Automotive Sampling System (NASS) 

research design and data collection 

methods as part of a major effort to 

modernize the system. Users of NASS 

and crash data may comment on the 

future utility of current data elements, 

recommend additional data elements 

and attributes, and describe their 

anticipated data needs. 

DATES: Please submit all comments to 

the Docket by July 20, 2012. 

ADDRESSES: You may submit comments 

to the docket number identified in the 

heading of this document by any of the 

following methods: 

• Federal eRulemaking Portal: Go to 

http://www.regulations.gov. Follow the 

online instructions for submitting 

comments. 

• Mail: Docket Management Facility: 

U.S. Department of Transportation, 1200 

New Jersey Avenue SE., West Building 

Ground Floor, Room W12–140, 

Washington, DC 20590–0001. 

• Hand Delivery or Courier: 1200 

New Jersey Avenue SE., West Building 

Ground Floor, Room W12–140, between 

9 a.m. and 5 p.m. ET, Monday through 

Friday, except Federal holidays. 

• Fax: 202–493–2251. 

Note that all comments received will 

be posted without change to http:// 

www.regulations.gov, including any 

personal information provided. Please 

see the ‘‘Privacy Act’’ heading below. 

Privacy Act: Anyone is able to search 

the electronic form of all comments 

received into any of our dockets by the 

name of the individual submitting the 

comment (or signing the comment, if 

submitted on behalf of an association, 

business, labor union, etc.). You may 

review DOT’s complete Privacy Act 

Statement in the Federal Register 

published on April 11, 2000 (65 FR 

19477–78) or you may visit http:// 

DocketInfo.dot.gov. 

Confidential Information: If you wish 

to submit any information under a claim 

of confidentiality, you should submit 

three copies of your complete 

submission, including the information 

you claim to be confidential business 

information, to the Chief Counsel, 

NHTSA, 1200 New Jersey Avenue SE., 

Washington, DC 20590–0001. In 

addition, you should submit two copies, 

from which you have deleted the 

claimed confidential business 

information, to Docket Management at 

the address given above under 

ADDRESSES. When you send a comment 

containing information claimed to be 

confidential business information, you 

should include a cover letter setting 

forth the information specified in our 

confidential business information 

regulation. (49 CFR part 512.) 

Docket: For access to the docket to 

read background documents or 

comments received, go to http:// 

www.regulations.gov or the street 

address listed above. Follow the online 

instructions for accessing the dockets. 

FOR FURTHER INFORMATION CONTACT: For 

questions relating to the redesign effort, 

please contact Donna Glassbrenner, 

Mathematical Analysis Division, 

NHTSA, telephone: (202) 366–3962, 

email: Donna.Glassbrenner@dot.gov. 

She may also be reached at 1200 New 

Jersey Avenue SE., Washington, DC 

20590. 

SUPPLEMENTARY INFORMATION: NHTSA is 

undertaking a modernization effort to 

upgrade the National Automotive 

Sampling System (NASS) by improving 

the information technology (IT) 

infrastructure, updating and prioritizing 

the data collected, reselecting the 

sample sites and sample sizes, reexamining the electronic formats in 

which the crash data files are made 

available to the public, and improving 

data collection methods and quality 

control procedures, among other 

activities. 

NASS collects crash data on a 

nationally representative sample of 

police-reported motor vehicle traffic 

crashes and related injuries. NASS data 

are used by Federal, State, and local 

government agencies, as well as by 

industry and academia in the U.S. and 

around the world. The data enable 

stakeholders to make informed 

regulatory, program, and policy 

decisions regarding vehicle design and 

traffic safety. The NASS system 

currently has two components: The 

General Estimates System (GES) and the 

Crashworthiness Data System (CDS). 

mstockstill on DSK4VPTVN1PROD with NOTICES