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214 15 U.S.C. § 78s(b)(2).

215 15 U.S.C. § 78s(b)(2). 216 17 CFR 200.30–3(a)(12).

No. 5 describes the effective date for

each component of the NASD’s

proposal. The Commission believes that

proposed Amendment No. 5 raises no

new regulatory issues. Therefore, the

Commission believes granting

accelerated approval to Amendment No.

5 is appropriate and consistent with

Section 19(b)(2) of the Act.214

IX. Solicitation of Comments

Interested persons are invited to

submit written data, views and

arguments concerning Amendment Nos.

3, 4 and 5 to the proposed rule change.

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. Copies of the

submission, all subsequent

amendments, all written statements

with respect to Amendment Nos. 3, 4

and 5 that are filed with the

Commission, and all written

communications relating to Amendment

Nos. 3, 4 and 5 between the Commission

and any persons, 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 such filing will also be

available for inspection and copying at

the principal office of the NASD. All

submissions should refer to File No. SRNASD–97–28 and should be submitted

by September 3, 1997.

X. Conclusion

For all of the aforementioned reasons,

the Commission finds that the proposed

rule change is consistent with the

requirements of the Act and the rules

and regulations thereunder applicable to

a national securities association.

It is therefore ordered, pursuant to

Section 19(b)(2) of the Act,215 that the

proposed rule change (SR–NASD–97–

28) is approved, including Amendment

Nos. 2, 3, 4, and 5 on an accelerated

basis.

For the Commission, by the Division of

Market Regulation, pursuant to delegated

authority.216

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 97–21330 Filed 8–12–97; 8:45 am]

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OFFICE OF THE UNITED STATES

TRADE REPRESENTATIVE

Generalized System of Preferences

(GSP); Notice Regarding the 1997

Annual GSP Review and Completion of

the Expedited Indonesian Melamine

Dinnerware Review

AGENCY: Office of the United States

Trade Representative.

ACTION: Notice.

SUMMARY: This notice lists the petitions

that were accepted for the Annual

Generalized System of Preferences

(GSP) review for modifications of GSP

product eligibility. The dates for

hearings on these product reviews and

for the submission of comments will be

notified later. The expedited review of

the GSP eligibility of melamine

dinnerware from Indonesia was

completed with the decision that denial

of continued GSP eligibility was not

warranted.

FOR FURTHER INFORMATION CONTACT:

GSP Subcommittee, Office of the United

States Trade Representative, 600 17th

Street, NW, Room 518, Washington,

D.C. 20506. The telephone number is

(202) 395–6971.

SUPPLEMENTARY INFORMATION:

I. 1997 GSP Product Review

Pursuant to Title V the Trade Act of

1974, (‘‘Trade Act’’) (19 U.S.C. 2461 et

seq.), the GSP program grants duty-free

treatment to designated eligible articles

that are imported from designated

beneficiary developing countries. In a

notice dated May 21, 1997, USTR

initiated the 1997 Annual GSP Review

provided for in the GSP regulations (15

CFR 2007 et seq.) and announced a

deadline of July 2, 1997 for the filing of

petitions requesting modifications in the

list of eligible articles (62 Federal

Register 27828). Petitions may request

that products be added or removed from

the list of eligible articles or that a

country be granted a waiver of

‘‘competitive need limits’’ (CNLs) for an

eligible article pursuant to section

503(c) of the Trade Act (19 U.S.C.

2464(c)).

The GSP Subcommittee of the Trade

Policy Staff Committee (TPSC), after

reviewing the product petitions

submitted, has decided that the

petitions listed in the attached annex

should be accepted for consideration in

the 1997 Annual GSP Review. The

annex sets forth the case number,

product identification, the change

requested and the petitioner for each

product included in the 1997 Annual

GSP Review.

The opportunities for public comment

on the products under review, including

the dates for a public hearing and

procedures for participating in the

hearing, will be published in a

subsequent notice.

II. Expedited Review of Melamine

Dinnerware Petition

As part of an expedited review of a

petition to suspend GSP eligibility for

melamine institutional tableware from

Indonesia, USTR requested comments

on the petition by July 2, 1997 (62

Federal Register 2852). As a result of

that review, the GSP TPSC

Subcommittee had decided that removal

of GSP eligibility was not warranted.

Frederick L. Montgomery,

Chairman, Trade Policy Staff Committee.

BILLING CODE 3901–01–M
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[FR Doc. 97–21429 Filed 8–12–97; 8:45 am]

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