Federal Register / Vol. 62, No. 179 / Tuesday, September 16, 1997 / Notices 48683

1 15 U.S.C. 78s(b)(1) (1988).

2 17 CFR 240.19b–4.

3Position limits impose a ceiling on the aggregate

number of option contracts on the same-side of the

market that an investor, or group of investors acting

in concern, may hold or write. Exercise limits

impose a ceiling on the aggregate long positions in

option contracts that an investor, or group of

investors acting in concert, can or will have

exercised within five consecutive business days.

4 In general, FLEX Equity options provide

investors with the ability to customize basic option

features including size, expiration date, exercise

style, and certain exercise prices. (See Securities

Exchange Act Release No. 37726 (September 25,

1996), 61 FR 51474 (October 2, 1996), regarding

restrictions on the available exercise prices for

FLEX Equity call options (File Nos. SR–Amex–96–

29, SR–CBOE–96–56, and SR–PSE–96–31)).

5See Securities Exchange Act Release Nos. 37280

(June 5, 1996), 61 FR 29774 (June 12, 1996) (File

No. SR–Amex–96–19); 38152 (January 10, 1997), 62

FR 2702 (January 17, 1997) (File No. SR–CBOE–96–

79); and 38616 (May 12, 1997), 62 FR 27642 (May

20, 1997) (File No. SR–PCX–97–09).

PROSPECTIVE PAYMENT

ASSESSMENT COMMISSION

Notice of Meeting

Notice is hereby given of the meetings

of the Prospective Payment Assessment

Commission on Tuesday and

Wednesday, September 23 and 24, 1997,

at the Madison Hotel, 15th & M Streets,

NW, Washington, DC, 202/862–1600.

The Full Commission will convene at

9:00 a.m. on September 23, 1997, and

adjourn at approximately 5:00 p.m. On

Wednesday, September 24, 1997, the

meeting will convene at 9:00 a.m. and

adjourn at approximately 12:30 p.m.

The meetings will be held in Executive

Chambers 1, 2, and 3 each day.

All meetings are open to the public.

Donald A. Young,

Executive Director.

[FR Doc. 97–24431 Filed 9–15–97; 8:45 am]

BILLING CODE 6820–BW–M

SECURITIES AND EXCHANGE

COMMISSION

Proposed Collection; Comment

Request

Upon written request, copies available

from: Securities and Exchange

Commission, Office of Filings and

Information Services, Washington, DC

20549.

Extension: Rule 29, File No. 270–169, OMB

Control No. 3235–0149; Rule 83, File No.

270–82, OMB Control No. 3235–0181.

Notice is hereby given that, pursuant

to the Paperwork Reduction Act of 1995

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

and Exchange Commission

(‘‘Commission’’) requests comments on

the collections of information

summarized below. The Commission

plans to submit these collections of

information to the Office of

Management and Budget for extension

and approval.

Rule 29 [17 CFR 250.29] states that

‘‘[a] copy of each annual report

submitted by any registered holding

company or any subsidiary thereof to a

State Commission covering operations

not reported to the Federal Energy

Regulatory Commission shall be filed

with the Securities and Exchange

Commission no later than ten days after

such submission.’’ The Commission

receives about 62 annual reports per

year under this regulation, which

imposes an annual burden of about 15.5

hours.

Rule 83 [17 CFR 250.83] authorizes an

exemption from the ‘‘at cost’’

requirements of Section 13(b) for ‘‘the

performance of any service, sales, or

construction contract for any associate

company which does not derive,

directly or indirectly, any material part

of its income from sources within the

United States and which is not a public

utility company operating within the

United States * * *.’’ The Commission

receives about one application per year

under Rule 83, which imposes an

annual burden of about three hours.

The estimates of average burden hours

are made for the purposes of the

Paperwork Reduction Act and are not

derived from a comprehensive or even

a representative survey or study of the

costs of Commission rules and forms.

It should be noted that ‘‘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.’’

Written comments are invited on (a)

whether the proposed collection of

information is necessary for the proper

performance of the functions of the

agency, including whether the

information will have practical utility;

(b) the accuracy of the agency’s estimate

of the burden of the collection of

information; (c) ways to enhance the

quality, utility, and clarity of the

information collected; and (d) ways to

minimize the burden of the collection of

information on respondents, including

through the use of automated collection

techniques or other forms of information

technology. Consideration will be given

to comments and suggestions submitted

in writing within 30 days of this

publication.

Please direct your written comments

to Michael E. Bartell, Associate

Executive Director, Securities and

Exchange Commission, 450 5th Street,

N.W. Washington, DC 20549.

Dated: September 5, 1997.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 97–24545 Filed 9–15–97; 8:45 am]

BILLING CODE 8010–01–M

SECURITIES AND EXCHANGE

COMMISSION

[Release No. 34–39032; File Nos. SR–Amex–

96–19; SR–DBOE–96–79; SR–PCX–97–09]

Self-Regulatory Organizations; Order

Granting Approval to Proposed Rule

Change and Notice of Filing and Order

Granting Accelerated Approval to

Amendment No. 1 to Proposed Rule

Change by the American Stock

Exchange, Inc. and the Chicago Board

Options Exchange, Inc., and Order

Granting Approval to Proposed Rule

Change by the Pacific Exchange, Inc.,

Relating to the Elimination of Position

and Exercise Limits for FLEX Equity

Options

September 9, 1997.

I. Introduction

On May 21, 1996, December 27, 1996,

and April 1, 1997, respectively, the

American Stock Exchange, Inc.

(‘‘Amex’’), the Chicago Board Options

Exchange, Inc. (‘‘CBOE’’), and the

Pacific Exchange, Inc. (‘‘PCX’’)

(collectively the ‘‘Exchanges’’),

submitted to the Securities and

Exchange Commission (‘‘Commission’’),

pursuant to Section 19(b)(1) of the

Securities Exchange Act of 1934

(‘‘Act’’) 1 and Rule 19b–4 thereunder,2

proposed rule changes to eliminate

position and exercise limits 3 for FLEX

Equity options under a two-year pilot

program.4

Notice of the proposed rule changes

appeared in the Federal Register on

June 12, 1996, January 17, 1997, and

May 20, 1997, respectively.5 No

comments were received on the

proposed rule changes. The Amex

subsequently filed Amendment No. 1 to

its proposed rule change on February 3,