27348 Federal Register / Vol. 72, No. 93 / Tuesday, May 15, 2007 / Notices 

5See Securities Exchange Act Release No. 55153 

(January 23, 2007), 72 FR 4553 (January 31, 2007) 

(SR–Phlx–2006–74). 

6 In this situation, Phlx specialists would execute 

the customer order on the book at the price most 

favorable to the customer. 

7 15 U.S.C. 78f(b). 

8 15 U.S.C. 78f(b)(5). 9 17 CFR 200.30–3(a)(12). 

be quoted and traded in increments as 

low as $.01.5

The proposed rule change concerns 

P/A Orders sent from the Exchange to 

another exchange via the Intermarket 

Option Linkage. When a P/A Order sent 

from the Exchange to another exchange 

is executed on that other exchange, the 

executed P/A Order is delivered back to 

the specialist electronically, where the 

specialist is responsible to execute the 

public customer limit order at the 

execution price of the P/A Order on the 

other exchange. 

Recently, some P/A Orders have been 

executed on other exchanges at 

improved prices after being submitted to 

a price-improvement auction process on 

the other exchange. The result is that 

the executed P/A Order is delivered 

back to the Exchange at a price that is 

expressed in other than the Exchange’s 

minimum trading increment. For 

example, if the Phlx disseminated 

market in a particular series is 2.10 bid, 

2.20 ask, and another exchange is 

disseminating a bid price of 2.15, a 

P/A Order to sell an option series would 

be delivered by the Phlx specialist to the 

other exchange disseminating a limit 

bid price of $2.15. The specialist’s P/A 

Order might be executed in a priceimproving auction at an improved price 

of $2.17 on the other exchange. The 

P/A Order would be delivered back to 

the Phlx specialist for execution at 

$2.17. This would be prohibited under 

current Exchange rules, which require 

an execution at either $2.15 

(disadvantaging the public customer), or 

$2.20 (disadvantaging the specialist), 

because the minimum trading increment 

applicable to the series is $.05.6

The proposed rule change is intended 

to eliminate this anomaly by providing 

that a P/A Order that has been sent from 

the Exchange to, and price-improved on, 

another exchange at a price expressed in 

other than the minimum trading 

increment currently contained in the 

rule, and then submitted to the 

Exchange for execution against the 

original customer limit order that gave 

rise to the P/A Order, may be traded on 

the Exchange at such price. Therefore, 

in the example above, the specialist 

could fill the public customer order at 

the P/A Order execution price of $2.17. 

The proposed amendment to Phlx 

Rule 1080(c)(iv)(F) provides that such 

orders would be ineligible for automatic 

execution and would instead be 

handled manually by the specialist. 

2. Statutory Basis 

The Exchange believes that its 

proposal is consistent with Section 6(b) 

of the Act,7 in general, and furthers the 

objectives of Section 6(b)(5) of the Act,8

in particular, in that the proposal is 

designed to promote just and equitable 

principles of trade, to remove 

impediments to and perfect the 

mechanism of a free and open market 

and a national market system, and, in 

general, to protect investors and the 

public interest by establishing a rule 

that provides for accurate execution of 

customer limit orders at improved 

prices. 

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 that is not 

necessary or appropriate in furtherance 

of the purposes of the Act. 

C. Self-Regulatory Organization’s 

Statement on Comments on the 

Proposed Rule Change Received From 

Members, Participants, or Others 

No written comments were solicited 

or received. 

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 Phlx 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. 

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 e-mail to rulecomments@sec.gov. Please include File 

Number SR–Phlx–2007–26 on the 

subject line. 

Paper Comments 

• Send paper comments in triplicate 

to Nancy M. Morris, Secretary, 

Securities and Exchange Commission, 

100 F Street, NE., Washington, DC 

20549–1090. 

All submissions should refer to File 

Number SR–Phlx-2007–26. This file 

number should be included on the 

subject line if e-mail 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 inspection and copying in 

the Commission’s Public Reference 

Room. Copies of the filing also will be 

available for inspection and copying at 

the principal office of the Phlx. 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–Phlx–2007–26 and should 

be submitted on or before June 5, 2007. 

For the Commission, by the Division of 

Market Regulation, pursuant to delegated 

authority.9

Florence E. Harmon, 

Deputy Secretary. 

[FR Doc. E7–9260 Filed 5–14–07; 8:45 am] 

BILLING CODE 8010–01–P 

SMALL BUSINESS ADMINISTRATION 

[Disaster Declaration #10854] 

Iowa Disaster #IA–00007; Declaration 

of Economic Injury 

AGENCY: U.S. Small Business 

Administration. 

ACTION: Amendment 1. 

SUMMARY: This is an amendment of an 

Economic Injury Disaster Loan (EIDL) 


cprice-sewell on PROD1PC62 with NOTICES
Federal Register / Vol. 72, No. 93 / Tuesday, May 15, 2007 / Notices 27349 

declaration for the State of Iowa, dated 

05/07/2007. 

Incident: Winter Storms. 

Incident Period: 02/23/2007 through 

03/02/2007. 

EFFECTIVE DATE: 05/07/2007. 

EIDL Loan Application Deadline Date: 

01/28/2008. 

ADDRESSES: Submit completed loan 

applications to: U.S. Small Business 

Administration, Processing and 

Disbursement Center, 14925 Kingsport 

Road, Fort Worth, TX 76155. 

FOR FURTHER INFORMATION CONTACT: A. 

Escobar, Office of Disaster Assistance, 

U.S. Small Business Administration, 

409 3rd Street, SW., Suite 6050, 

Washington, DC 20416. 

SUPPLEMENTARY INFORMATION: The notice 

of an Economic Injury declaration for 

the State of Iowa dated 04/27/2007, is 

hereby amended to include the 

following areas as adversely affected by 

the disaster. 

Primary Counties: Clayton. 

Contiguous Counties: 

Iowa: Allamakee, Delaware, Dubuque, 

Winneshiek. 

Wisconsin: Crawford, Grant. 

All other information in the original 

declaration remains unchanged. 

(Catalog of Federal Domestic Assistance 

Number 59002) 

Dated: May 7, 2007. 

Steven C. Preston, 

Administrator. 

[FR Doc. E7–9310 Filed 5–14–07; 8:45 am] 

BILLING CODE 8025–01–P 

DEPARTMENT OF STATE 

[Public Notice: 5794] 

60-Day Notice of Proposed Information 

Collection: Voluntary Disclosures; 

OMB Control Number 1405–XXXX 

ACTION: Notice of request for public 

comment. 

SUMMARY: The Department of State is 

seeking Office of Management and 

Budget (OMB) approval for information 

collection described below. The purpose 

of this notice is to allow 60 days for 

public comments in the Federal 

Register preceding submission to OMB 

of the Form DS–4048 as the means of 

collecting the information. We are 

conducting this process in accordance 

with the Paperwork Reduction Act of 

1995. 

• Title of Information Collection: 

Voluntary Disclosures. 

• OMB Control Number: 1405-XXXX. 

• Type of Request: Existing Collection 

in Use without an OMB Control 

Number. 

• Originating Office: Bureau of 

Political-Military Affairs, Directorate of 

Defense Trade Controls, PM/DDTC. 

• Form Number: No Form. 

• Respondents: Business 

organizations. 

• Estimated Number of Respondents: 

400 (total). 

• Estimated Number of Responses: 

400 (per year). 

• Average Hours Per Response: 10 

hours. 

• Total Estimated Burden: 4,000 

hours (per year). 

• Frequency: On Occasion. 

• Obligation to Respond: Voluntary. 

DATES: The Department will accept 

comments from the public up to 60 days 

from May 15, 2007. 

ADDRESSES: Comments and questions 

should be directed to Patricia C. Slygh, 

the Acting Director of the Office of 

Defense Trade Controls Management, 

Department of State, who may be 

reached via the following methods: 

• E-mail: slyghpc@state.gov. 

• Mail: Patricia C. Slygh, SA–1, 12th 

Floor, Directorate of Defense Trade 

Controls, Bureau of Political-Military 

Affairs, U.S. Department of State, 

Washington, DC 20522–0112 

• Fax: 202–261–8199 

You must include the information 

collection title in the subject lines of 

your message/letter. 

FOR FURTHER INFORMATION CONTACT: 

Direct requests for additional 

information regarding the collection 

listed in this notice, including requests 

for copies of the information collection 

and supporting documents, to Patricia 

C. Slygh, PM/DDTC, SA–1, 12th Floor, 

Directorate of Defense Trade Controls, 

Bureau of Political-Military Affairs, U.S. 

Department of State, Washington, DC 

20522–0112, who may be reached via email at slyghpc@state.gov. 

SUPPLEMENTARY INFORMATION: We are 

soliciting public comments to permit 

the Department to: 

• Evaluate whether the proposed 

collection of information is necessary 

for the proper performance of our 

functions. 

• Evaluate the accuracy of our 

estimate of the burden of the proposed 

collection, including the validity of the 

methodology and assumptions used. 

• Enhance the quality, utility, and 

clarity of the information to be 

collected. 

• Minimize the reporting burden on 

those who are to respond, including the 

use of automated collection techniques 

or other forms of technology. 

Abstract of proposed collection: 

Section 127.12 of the International 

Traffic in Arms Regulations (ITAR) 

encourages the disclosure of 

information to the Directorate of 

Defense Trade Controls when there has 

been a violation of the Arms Export 

Control Act (AECA), ITAR, order, 

license, or other authorization issued 

under the AECA. The violation is 

analyzed to determine the harm to the 

U.S. national security and foreign policy 

interests. 

Methodology: These information 

collections may be sent to the 

Directorate of Defense Trade Controls 

via the following methods: mail, 

personal delivery, e-mail, and/or fax. 

Dated: April 13, 2007. 

Robert W. Maggi, 

Acting Deputy Assistant Secretary for Defense 

Trade Controls, Bureau of Political-Military 

Affairs, Department of State. 

[FR Doc. E7–9282 Filed 5–14–07; 8:45 am] 

BILLING CODE 4710–25–P 

DEPARTMENT OF STATE 

[Public Notice 5795] 

Preparation of Fourth U.S. Climate 

Action Report 

AGENCY: Department of State 

ACTION: Notice of extension of deadline 

for request for public comments. 

SUMMARY: In June 1992, the United 

States signed, and later ratified in 

October, the United Nations Framework 

Convention on Climate Change 

(UNFCCC). Pursuant to the national 

communication reporting requirements 

under Articles 4.2 and 12 of the 

Convention and to guidelines later 

adopted by the UNFCCC Conference of 

the Parties (COP), the United States 

submitted the first U.S. Climate Action 

Report (USCAR) to the UNFCCC 

Secretariat in 1994, the second in 1997 

and the third in 2002. The U.S. 

Government has prepared an initial 

draft of the fourth national 

communication for public review, and 

provided notice in the Federal Register 

on May 4, 2007 soliciting public input 

on the draft text of the national 

communication prior to finalization of 

the document. The purpose of this 

announcement is to notify interested 

members of the public that the 

Department of State is extending the 

deadline for submitting comments on 

the draft text to June 1. 

DATES: The Department of State is 

extending the deadline for comments by 

14 days from the original deadline of 

May 18. Written comments should be 

received on or before noon, June 1. 

ADDRESSES: Comments should be 

submitted via e-mail to CAR4@state.gov. 


cprice-sewell on PROD1PC62 with NOTICES