Federal Register / Vol. 77, No. 191 / Tuesday, October 2, 2012 / Notices 60165 

13 17 CFR 200.30–3(a)(12). 

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

2 17 CFR 240.19b–4. 

3Securities Exchange Act Release No. 67653 

(August 14, 2012), 77 FR 50198 (August 20, 2012). 

4 15 U.S.C. 78s(b)(2)(C). 

5 15 U.S.C. 78q–1(b)(3)(F). 

6 15 U.S.C. 78q–1. 

7 15 U.S.C. 78s(b)(2). 

8 In approving the proposed rule change, the 

Commission considered the proposal’s impact on 

efficiency, competition, and capital formation. 15 

U.S.C. 78c(f). 

9 17 CFR 200.30–3(a)(12). 

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, 100 F Street NE., 

Washington, DC 20549, on official 

business days between the hours of 

10:00 a.m. and 3:00 p.m. Copies of the 

filing also will be available for 

inspection and copying at the principal 

office of the Exchange. 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–C2– 

2012–034 and should be submitted on 

or before October 23, 2012. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.13

Kevin M. O’Neill, 

Deputy Secretary. 

[FR Doc. 2012–24170 Filed 10–1–12; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–67931; File No. SR–FICC– 

2012–06] 

Self-Regulatory Organizations; Fixed 

Income Clearing Corporation; Order 

Approving Proposed Rule Change to 

Move the Time at Which the MortgageBacked Securities Division Runs Its 

Daily Morning Pass 

September 26, 2012. 

I. Introduction 

On August 6, 2012, the Fixed Income 

Clearing Corporation (‘‘FICC’’) filed 

with the Securities and Exchange 

Commission (‘‘Commission’’) proposed 

rule change SR–FICC–2012–06 pursuant 

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

Exchange Act of 1934 (‘‘Act’’),1 and 

Rule 19b–4 thereunder.2 The proposed 

rule change was published for comment 

in the Federal Register on August 20, 

2012.3 The Commission received no 

comment letters regarding the proposal. 

For the reasons discussed below, the 

Commission is granting approval of the 

proposed rule change. 

II. Description 

FICC proposes to move the time at 

which its Mortgage-Backed Securities 

Division (‘‘MBSD’’) runs its first 

processing pass of the day from 2:00 

p.m. to 4:00 p.m. Eastern Standard 

Time. The proposed change does not 

require revisions to MBSD’s rules 

because those rules do not address the 

times of MBSD’s processing passes. 

MBSD currently runs its first 

processing pass of the day (historically 

referred to as the ‘‘AM Pass’’) at 2:00 

p.m. Eastern Standard Time. MBSD also 

executes an evening pass (referred to as 

the ‘‘PM Pass’’) at 8:00 p.m. Eastern 

Standard Time, which will remain 

unchanged. On days when MBSD 

executes its to-be-announced netting 

cycle, this cycle immediately follows 

the completion of the first pass of the 

day. The proposed change to 4:00 p.m. 

for the first pass of the day will allow 

more trades to be included in the to-beannounced net, which will assist in 

reducing both the amount of fails in the 

market and the related operational risk. 

The proposed change is being made at 

the request of the Securities Industry 

and Financial Markets Association 

(‘‘SIFMA’’) MBS Operations Committee. 

MBSD advised members of the proposed 

change via an Important Notice dated 

August 1, 2012. 

III. Discussion 

Section 19(b)(2)(C) of the Act 4 directs 

the Commission to approve a selfregulatory organization’s proposed rule 

change if it determines that the 

proposed rule change is consistent with 

the requirements of the Act and the 

rules and regulations thereunder 

applicable to such organization. Section 

17A(b)(3)(F) of the Act 5 requires, among 

other things, that the rules of a clearing 

agency be designed to promote the 

prompt and accurate clearance and 

settlement of security transactions, and 

to assure the safeguarding of securities 

and funds that are in the custody or 

control of such clearing agency, or for 

which it is responsible. 

The Commission concludes that the 

proposed rule change is consistent with 

the requirements of the Act and the 

rules and regulations thereunder 

applicable to FICC. The proposed rule 

change will help to maximize the 

number of trades that are included in 

the to-be-announced netting process. 

This, in turn, should reduce the number 

of trades that ultimately fail, and will 

temper the attendant operational risk, as 

well. The proposed change will 

therefore foster the prompt and accurate 

clearance and settlement of security 

transactions, and assure the 

safeguarding of securities and funds in 

FICC’s custody or control, or for which 

FICC is responsible. 

IV. Conclusion 

On the basis of the foregoing, the 

Commission finds that the proposal is 

consistent with the requirements of the 

Act, in particular with the requirements 

of Section 17A of the Act 6 and the rules 

and regulations thereunder. 

It is therefore ordered, pursuant to 

Section 19(b)(2) of the Act,7 that the 

proposed rule change (File No. SR– 

FICC–2012–06) be and hereby is 

APPROVED.8

For the Commission by the Division of 

Trading and Markets, pursuant to delegated 

authority.9

Kevin M. O’Neill, 

Deputy Secretary. 

[FR Doc. 2012–24171 Filed 10–1–12; 8:45 am] 

BILLING CODE 8011–01–P 

DEPARTMENT OF TRANSPORTATION 

Federal Aviation Administration 

Agency Information Collection 

Activities: Requests for Comments; 

Clearance of Renewed Approval of 

Information Collection: Flight 

Operational Quality Assurance (FOQA) 

Program 

AGENCY: Federal Aviation 

Administration (FAA), DOT. 

ACTION: Notice and request for 

comments. 

SUMMARY: In accordance with the 

Paperwork Reduction Act of 1995, FAA 

invites public comments about our 

intention to request the Office of 

Management and Budget (OMB) 

approval to renew an information 

collection. Flight Operational Quality 

Assurance (FOQA) is a program for the 

routine collection and analysis of digital 

flight data from airline operations, 

including but not limited to digital 

flight data currently collected pursuant 

to existing regulatory provisions. The 

FAA requires certificate holders who 


wreier-aviles on DSK5TPTVN1PROD with NOTICES
60166 Federal Register / Vol. 77, No. 191 / Tuesday, October 2, 2012 / Notices 

voluntarily establish approved FOQA 

programs to periodically provide 

aggregate trend analysis information 

from such programs to the FAA. 

DATES: Written comments should be 

submitted by December 3, 2012. 

FOR FURTHER INFORMATION CONTACT: 

Kathy DePaepe at (405) 954–9362, or by 

email at: Kathy.A.DePaepe@faa.gov. 

SUPPLEMENTARY INFORMATION: 

OMB Control Number: 2120–0660. 

Title: Flight Operational Quality 

Assurance (FOQA) Program. 

Form Numbers: There are no FAA 

forms associated with this collection. 

Type of Review: Renewal of an 

information collection. 

Background: The purpose of 

collecting, analyzing, aggregating, and 

reporting this information is to identify 

potential threats to safety, and to enable 

early corrective action before such 

threats lead to accidents. FOQA can 

provide an objective source of 

information for FAA decision making, 

including identification of the need for 

new rulemaking based on observed 

trends in FOQA data. Title 14, Code of 

Federal Regulations (14 CFR), Subpart 

13.401, stipulates that the FAA does not 

use FOQA information in punitive 

enforcement action against an air carrier 

or its employees, when that air carrier 

has an FAA approved FOQA program. 

There are no legal or administrative 

requirements that necessitate this rule. 

The rule is intended to encourage the 

voluntary implementation of FOQA 

programs in the interest of safety 

enhancement. 

Respondents: 60 airline operators. 

Frequency: Information is collected 

monthly. 

Estimated Average Burden per 

Response: 1 hour. 

Estimated Total Annual Burden: 720 

hours. 

ADDRESSES: Send comments to the FAA 

at the following address: Ms. Kathy 

DePaepe, Room 126B, Federal Aviation 

Administration, AES–200, 6500 S. 

MacArthur Blvd., Oklahoma City, OK 

73169. 

Public Comments Invited: You are 

asked to comment on any aspect of this 

information collection, including (a) 

Whether the proposed collection of 

information is necessary for FAA’s 

performance; (b) the accuracy of the 

estimated burden; (c) ways for FAA to 

enhance the quality, utility and clarity 

of the information collection; and (d) 

ways that the burden could be 

minimized without reducing the quality 

of the collected information. The agency 

will summarize and/or include your 

comments in the request for OMB’s 

clearance of this information collection. 

Issued in Washington, DC, on September 

25, 2012. 

Albert R. Spence, 

FAA Assistant Information Collection 

Clearance Officer, IT Enterprises Business 

Services Division, AES–200. 

[FR Doc. 2012–24188 Filed 10–1–12; 8:45 am] 

BILLING CODE 4910–13–P 

DEPARTMENT OF TRANSPORTATION 

Federal Aviation Administration 

Agency Information Collection 

Activities: Requests for Comments; 

Clearance of Renewed Approval of 

Information Collection: Certification 

Procedures for Products and Parts 

AGENCY: Federal Aviation 

Administration (FAA), DOT. 

ACTION: Notice and request for 

comments. 

SUMMARY: In accordance with the 

Paperwork Reduction Act of 1995, FAA 

invites public comments about our 

intention to request the Office of 

Management and Budget (OMB) 

approval to renew an information 

collection. 14 CFR part 21 prescribes 

certification standards for aircraft, 

aircraft engines, propellers appliances 

and parts. The information collected is 

used to determine compliance and 

applicant eligibility. The respondents 

are aircraft parts designers, 

manufacturers, and aircraft owners. 

DATES: Written comments should be 

submitted by December 3, 2012. 

FOR FURTHER INFORMATION CONTACT: 

Kathy DePaepe at (405) 954–9362, or by 

email at: Kathy.A.DePaepe@faa.gov. 

SUPPLEMENTARY INFORMATION: 

OMB Control Number: 2120–0018. 

Title: Certification Procedures for 

Products and Parts. 

Form Numbers: FAA Forms 8110–12, 

8130–1, 8130–6, 8130–9, 8130–12. 

Type of Review: Renewal of an 

information collection. 

Background: 14 CFR Part 21 

prescribes certification standards for 

aircraft, aircraft engines, propellers 

appliances and parts. The information 

collected is used to determine 

compliance and applicant eligibility. 

FAA Airworthiness inspectors, 

designated inspectors, engineers, and 

designated engineers review the 

required data submittals to determine 

that aviation products and articles and 

their manufacturing facilities comply 

with the applicable requirements, and 

that the products and articles have no 

unsafe features. 

Respondents: Approximately 13,339 

aircraft parts designers, manufacturers, 

and aircraft owners. 

Frequency: Information is collected 

on occasion. 

Estimated Average Burden per 

Response: 30 minutes. 

Estimated Total Annual Burden: 

19,487 hours. 

ADDRESSES: Send comments to the FAA 

at the following address: Ms. Kathy 

DePaepe, Room 126B, Federal Aviation 

Administration, AES–200, 6500 S. 

MacArthur Blvd., Oklahoma City, OK 

73169. 

Public Comments Invited: You are 

asked to comment on any aspect of this 

information collection, including (a) 

whether the proposed collection of 

information is necessary for FAA’s 

performance; (b) the accuracy of the 

estimated burden; (c) ways for FAA to 

enhance the quality, utility and clarity 

of the information collection; and (d) 

ways that the burden could be 

minimized without reducing the quality 

of the collected information. The agency 

will summarize and/or include your 

comments in the request for OMB’s 

clearance of this information collection. 

Issued in Washington, DC on September 

25, 2012. 

Albert R. Spence, 

FAA Assistant Information Collection 

Clearance Officer, IT Enterprises Business 

Services Division, AES–200. 

[FR Doc. 2012–24271 Filed 10–1–12; 8:45 am] 

BILLING CODE 4910–13–P 

DEPARTMENT OF TRANSPORTATION 

Federal Aviation Administration 

Agency Information Collection 

Activities: Requests for Comments; 

Clearance of Renewed Approval of 

Information Collection: Application for 

Employment With the Federal Aviation 

Administration 

AGENCY: Federal Aviation 

Administration (FAA), DOT. 

ACTION: Notice and request for 

comments. 

SUMMARY: In accordance with the 

Paperwork Reduction Act of 1995, FAA 

invites public comments about our 

intention to request the Office of 

Management and Budget (OMB) 

approval to renew an information 

collection. The information collected 

will be used to evaluate the 

qualifications of applicants for a variety 

of positions within the FAA. 

DATES: Written comments should be 

submitted by December 3, 2012. 

FOR FURTHER INFORMATION CONTACT: 

Kathy DePaepe at (405) 954–9362, or by 

email at: Kathy.A.DePaepe@faa.gov. 

SUPPLEMENTARY INFORMATION:


wreier-aviles on DSK5TPTVN1PROD with NOTICES