49554 Federal Register / Vol. 62, No. 183 / Monday, September 22, 1997 / Notices

1 17 CFR 240.9b–1.

2These documents will be available by request to

OMLX, The London Securities and Derivatives

Exchange, Limited, 107 Cannon Street, London

EC4N 5AD, or by accessing OMLX’s Internet

address at: http:\\omgroup.com\.

3Rule 9b–1 provides that the use of an ODD shall

not be permitted unless the options class to which

the document relates is the subject of an effective

registration statement on Form S–20 under the

Securities Act of 1933. On September 12, 1997, the

Commission, pursuant to delegated authority,

declared effective, OMLX’s Form S–20 registration

statement. See File No. 333–34519.

4 17 CFR 240.9b–1.

5 17 CFR 200.30–3(a)(39).

Limited submitted to the Securities and

Exchange Commission (‘‘SEC’’ or

‘‘Commission’’), pursuant to Rule 9b–1

under the Securities Exchange Act of

1934 (‘‘Act’’),1 five preliminary copies

of its options disclosure document

(‘‘ODD’’), which describes the risks and

characteristics of OMLX exchangetraded put and call options available to

American investors.

On August 15, the OMLX exchange

submitted an amendment to the ODD

providing that the National Association

of Securities Dealers, Inc. (the ‘‘NASD’’),

will not serve as a U.S. custodian of

OMLX’s Rulebook, ODD, and

registration statement, which includes a

prospectus.2

Rule 9b–1 provides that an options

market must file five preliminary copies

of an ODD with the Commission at least

60 days prior to the date definitive

copies of the ODD are furnished to

customers, unless the Commission

determines otherwise, having due

regard to the adequacy of information

disclosed and the protection of

investors. In addition, Rule 9b–1

requires an options market to file five

copies of an amendment to the ODD

with the Commission at least 30 days

prior to the date definitive copies are

furnished to customers, unless the

Commission determines otherwise,

having due regard to the adequacy of

information disclosed and the

protection of investors. The Commission

has reviewed the OMLX exchange’s

ODD, as amended, and finds that it is

consistent with the protection of

investors and in the public interest to

allow the distribution of the disclosure

document as of the date of this order.3

It is therefore ordered, pursuant to

Rule 9b–1 under the Act,4 that the

proposed OMLX ODD, as amended, is

approved, on an accelerated basis.

For the Commission, by the Division of

Market Regulation, pursuant to delegated

authority.5

by Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 97–25026 Filed 9–19–97 8:45 am]

BILLING CODE 8010–01–M

DEPARTMENT OF TRANSPORTATION

Federal Railroad Administration

[Docket No. RSAC–96–1, Notice No. 6]

Railroad Safety Advisory Committee;

Notice of Meeting

AGENCY: Federal Railroad

Administration (FRA), Department of

Transportation (DOT).

ACTION: Notice of Railroad Safety

Advisory Committee (‘‘RSAC’’) meeting.

SUMMARY: FRA announces the next

meeting of the RSAC, a Federal

Advisory Committee that develops

railroad safety regulations through a

consensus process. The meeting will

address a wide range of topics,

including possible adoption of specific

recommendations for regulatory action

and consideration of new tasks to be

proposed by FRA.

DATES: The meeting of the RSAC is

scheduled to commence at 9:30 a.m. and

conclude at 4:00 p.m. on Tuesday,

September 30, 1997.

ADDRESSES: The meeting of the RSAC

will be held at the BWI Airport Marriott,

1743 West Nursery Road, Baltimore,

Maryland. The meeting is open to the

public on a first-come, first-served basis

and is accessible to individuals with

disabilities. Sign language interpreters

will be available for individuals with

hearing impediments.

FOR FURTHER INFORMATION CONTACT:

Vicky McCully, FRA, 400 7th Street,

S.W. Washington, D.C. 20590, (202)

632–3330, Grady Cothen, Deputy

Associate Administrator for Safety

Standards and Program Development,

FRA, 400 7th Street, S.W., Washington,

D.C. 20590, (202) 632–3309, or Lisa

Levine, Office of Chief Counsel, FRA,

400 7th Street, S.W., Washington, D.C.

20590, (202) 632–3189.

SUPPLEMENTARY INFORMATION:.

Pursuant to section 10(a)(2) of the

Federal Advisory Committee Act (Pub.

L. 92-463), FRA is giving notice of a

meeting of the Railroad Safety Advisory

Committee (‘‘RSAC’’). The meeting is

scheduled to begin at 9:30 a.m. and

conclude at 4:00 p.m. on Tuesday,

September 30, 1997. The meeting will

be held at the BWI Airport Marriott,

1743 West Nursery Road, Baltimore,

Maryland. All times noted are Eastern

Standard Time.

RSAC was established to provide

advice and recommendations to the

FRA on railroad safety matters. The

Committee consists of 48 individual

representatives, drawn from among 27

organizations representing various rail

industry perspectives, and 2 associate

non-voting representatives from the

agencies with railroad safety regulatory

responsibility in Canada and Mexico.

Staff of the National Transportation

Safety Board also participates in an

advisory capacity.

During this meeting, the RSAC will

receive status reports, containing

progress information, regarding the

proposed revision of the Track Safety

Standards (including recently published

NPRM on revisions to the track safety

standards contained in 49 CFR part 213

and related issues) and the Notice of

Proposed Rulemaking on Railroad

Communications (including revisions to

49 CFR part 220).

The Committee will be briefed on,

and may be asked to consider for

approval, the Tourist and Historic

Railroad working group’s proposal for

the revision of the steam locomotive

inspection and testing standards

contained in 49 CFR part 230.

The RSAC will also be receiving

status reports, containing progress

information, concerning three recently

constituted elements of the Committee:

the Locomotive Crashworthiness

Working Group, the Locomotive Cab

Working Conditions Working Group,

and the Event Recorder Working Group

(established to develop locomotive

event recorder accident survivability

standards and other amendments).

Finally, the agency will present four

new tasks to the Committee for its

acceptance: (1) review of the definition

of events required to be reported as

‘‘train accident’’ under the Accident/

Incident Reporting regulations; (2)

development of performance standards

for communications- and processorbased signal and train control systems;

(3) evaluation of requirements for

Positive Train Control (PTC), including

costs and benefits of PTC systems; and

(4) revisions to the regulations

addressing freight cars safety standards,

specifically with respect to applicability

to freight cars used for maintenance of

way purposes.

Please refer to the notice published in

the Federal Register on March 11, 1996

(61 F.R. 9740) for more information

about the RSAC.

Donald M. Itzkoff,

Deputy Administrator.

[FR Doc. 97–25112 Filed 9–17–97; 3:15 pm]

BILLING CODE 4910–06–P