Federal Register / Vol. 62, No. 193 / Monday, October 6, 1997 / Notices 52087

Dear Commissioner: This directive

amends, but does not cancel, the directive

issued to you on November 4, 1996, by the

Chairman, Committee for the Implementation

of Textile Agreements. That directive

concerns imports of certain cotton, wool and

man-made fiber textiles and textile products,

and silk blend and other vegetable fiber

apparel, produced or manufactured in

Malaysia and exported during the twelvemonth period which began on January 1,

1997 and extends through December 31,

1997.

Effective on October 6, 1997, you are

directed to adjust the limits for the following

categories, as provided for under the Uruguay

Round Agreements Act and the Uruguay

Round Agreement on Textiles and Clothing:

Category Adjusted twelve-month

limit 1

Sublevels within

Fabric Group

620 ........................... 6,913,733 square meters.

Other specific limits

336/636 .................... 517,984 dozen.

338/339 .................... 1,257,901 dozen.

341/641 .................... 1,629,316 dozen.

347/348 .................... 614,482 dozen.

363 ........................... 929,574 numbers.

438–W 2 ................... 14,696 dozen.

638/639 .................... 542,208 dozen.

645/646 .................... 295,797 dozen.

647/648 .................... 1,745,460 dozen.

1The limits have not been adjusted to account for any imports exported after December

31, 1996. 2 Category 438–W: only HTS numbers

6104.21.0060, 6104.23.0020, 6104.29.2051,

6106.20.1010, 6106.20.1020, 6106.90.1010,

6106.90.1020, 6106.90.2520, 6106.90.3020,

6109.90.1540, 6109.90.8020, 6110.10.2080,

6110.30.1560, 6110.90.9074 and

6114.10.0040.

The Committee for the Implementation of

Textile Agreements has determined that

these actions fall within the foreign affairs

exception of the rulemaking provisions of 5

U.S.C. 553(a)(1).

Sincerely,

Troy H. Cribb,

Chairman, Committee for the Implementation

of Textile Agreements.

[FR Doc. 97–26386 Filed 10–3–97; 8:45 am]

BILLING CODE 3510–DR–F

COMMITTEE FOR THE

IMPLEMENTATION OF TEXTILE

AGREEMENTS

Adjustment of Import Limits for Certain

Cotton and Man-Made Fiber Textile

Products Produced or Manufactured in

Pakistan

September 30, 1997.

AGENCY: Committee for the

Implementation of Textile Agreements

(CITA).

ACTION: Issuing a directive to the

Commissioner of Customs adjusting

limits.

EFFECTIVE DATE: October 7, 1997.

FOR FURTHER INFORMATION CONTACT: Ross

Arnold, International Trade Specialist,

Office of Textiles and Apparel, U.S.

Department of Commerce, (202) 482–

4212. For information on the quota

status of these limits, refer to the Quota

Status Reports posted on the bulletin

boards of of each Customs port or call

(202) 927–5850. For information on

embargoes and quota re-openings, call

(202) 482–3715.

SUPPLEMENTARY INFORMATION:

Authority: Executive Order 11651 of March

3, 1972, as amended; section 204 of the

Agricultural Act of 1956, as amended (7

U.S.C. 1854); Uruguay Round Agreements

Act.

The current limits for certain

categories are being adjusted, variously,

for swing, special shift, carryforward

and carryover.

A description of the textile and

apparel categories in terms of HTS

numbers is available in the

CORRELATION: Textile and Apparel

Categories with the Harmonized Tariff

Schedule of the United States (see

Federal Register notice 61 FR 66263,

published on December 17, 1996). Also

see 61 FR 68245, published on

December 27, 1996.

The letter to the Commissioner of

Customs and the actions taken pursuant

to it are not designed to implement all

of the provisions of the Uruguay Round

Agreements Act and the Uruguay Round

Agreement on Textiles and Clothing, but

are designed to assist only in the

implementation of certain of their

provisions.

Troy H. Cribb,

Chairman, Committee for the Implementation

of Textile Agreements.

Committee for the Implementation of Textile

Agreements

September 30, 1997.

Commissioner of Customs,

Department of the Treasury, Washington, DC

20229.

Dear Commissioner: This directive

amends, but does not cancel, the directive

issued to you on December 20, 1996, by the

Chairman, Committee for the Implementation

of Textile Agreements. That directive

concerns imports of certain cotton and manmade fiber textile products, produced or

manufactured in Pakistan and exported

during the twelve-month period which began

on January 1, 1997 and extends through

December 31, 1997.

Effective on October 7, 1997, you are

directed to adjust the limits the following

categories, as provided for under the Uruguay

Round Agreements Act and the Uruguay

Round Agreement on Textiles and Clothing:

Category Adjusted limit 1

219 ........................... 8,777,010 square meters.

226/313 .................... 129,268,745 square

meters.

237 ........................... 255,025 dozen.

239 ........................... 1,775,208 kilograms.

314 ........................... 6,383,279 square meters.

315 ........................... 86,034,954 square

meters.

317/617 .................... 34,302,672 square

meters.

331/631 .................... 2,536,349 dozen pairs.

334/634 .................... 284,192 dozen.

335/635 .................... 428,193 dozen.

336/636 .................... 464,505 dozen.

338 ........................... 5,119,291 dozen.

339 ........................... 1,442,713 dozen.

340/640 .................... 683,012 dozen of

which not more than

217,058 dozen shall

be in Category 340–

D/640–D 2.

347/348 .................... 913,866 dozen.

351/651 .................... 309,670 dozen.

352/652 .................... 774,175 dozen.

359–C/659–C 3 ........ 1,059,295 kilograms.

360 ........................... 5,486,009 numbers.

361 ........................... 6,379,080 numbers.

363 ........................... 45,607,795 numbers.

369–F/369–P4 ......... 2,502,092 kilograms.

369–R 5 .................... 10,838,458 kilograms.

369–S6 .................... 736,925 kilograms.

625/626/627/628/629 42,954,671 square

meters of which not

more than

35,486,420 square

meters shall be in

Category 625; not

more than

35,486,420 square

meters shall be in

Category 626; not

more than

35,486,420 square

meters shall be in

Category 627; not

more than 7,342,018

square meters shall

be in Category 628;

and not more than

35,486,420 square

meters shall be in

Category 629.

638/639 .................... 236,337 dozen.

647/648 .................... 724,144 dozen.

666–P7 .................... 782,926 kilograms.

666–S8 .................... 4,502,880 kilograms.

1The limits have not been adjusted to account for any imports exported after December

31, 1996. 2 Category 340–D: only HTS numbers

6205.20.2015, 6205.20.2020, 6205.20.2025

and 6205.20.2030; Category 640–D: only HTS

numbers 6205.30.2010, 6205.30.2020,

6205.30.2030, 6205.30.2040, 6205.90.3030

and 6205.90.4030.
52088 Federal Register / Vol. 62, No. 193 / Monday, October 6, 1997 / Notices

1 7 U.S.C. 12a(10)(1994).

2 7 U.S.C. 21(j)(1994).

3 7 U.S.C. 21(o)(1)(1994).

4Letter from Robert K. Wilmouth, President of

NFA, to Brooksley Born, Chairperson of the

Commission, dated June 20, 1997.

5Commission rules referred to herein can be

found at 17 CFR Ch. I (1997).

6As used in this Notice and Order, the term

‘‘process’’ generally refers to the review of the

filing, notice or claim for compliance with

applicable requirements and, as appropriate,

provision of notice of any deficiency in the filing,

notice or claim.

7Advisory No. 18–96, (1994–1996 Transfer

Binder) Comm. Fut. L. Rep. (CCH) ¶26,659 (April

11, 1996).

8Pursuant to Rule 4.21(a), a CPO may not solicit,

accept or receive funds, securities or other property

from a prospective participant in a pool that it

operates or intends to operate unless, on or before

the date it engages in that activity, the COP delivers

or causes to be delivered to the prospective

participant a Disclosure Document for the pool

containing the information set forth in Rule 4.24.

3 Category 359–C: only HTS numbers

6103.42.2025, 6103.49.8034, 6104.62.1020,

6104.69.8010, 6114.20.0048, 6114.20.0052,

6203.42.2010, 6203.42.2090, 6204.62.2010,

6211.32.0010, 6211.32.0025 and

6211.42.0010; Category 659–C: only HTS

numbers 6103.23.0055, 6103.43.2020,

6103.43.2025, 6103.49.2000, 6103.49.8038,

6104.63.1020, 6104.63.1030, 6104.69.1000,

6104.69.8014, 6114.30.3044, 6114.30.3054,

6203.43.2010, 6203.43.2090, 6203.49.1010,

6203.49.1090, 6204.63.1510, 6204.69.1010,

6210.10.9010, 6211.33.0010, 6211.33.0017

and 6211.43.0010. 4 Category 369–F: only HTS number

6302.91.0045; Category 369–P: only HTS

numbers 6302.60.0010 and 6302.91.0005. 5 Category 369–R: only HTS number

6307.10.2020. 6 Category 369–S: only HTS number

6307.10.2005. 7 Category 666–P: only HTS numbers

6302.22.1010, 6302.22.1020, 6302.22.2010,

6302.32.1010, 6302.32.1020, 6302.32.2010

and 6302.32.2020. 8 Category 666–S: only HTS numbers

6302.22.1030, 6302.22.1040, 6302.22.2020,

6302.32.1030, 6302.32.1040, 6302.32.2030

and 6302.32.2040.

The Committee for the Implementation of

Textile Agreements has determined that

these actions fall within the foreign affairs

exception to the rulemaking provisions of 5

U.S.C.553(a)(1).

Sincerely,

Troy H. Cribb,

Chairman, Committee for the Implementation

of Textile Agreements.

[FR Doc.97–26387 Filed 10–3–97; 8:45 am]

BILLING CODE 3510–DR–F

COMMODITY FUTURES TRADING

COMMISSION

Performance of Certain Functions by

National Futures Association with

Respect to Commodity Pool Operators

and Commodity Trading Advisors

AGENCY: Commodity Futures Trading

Commission.

ACTION: Notice and Order.

SUMMARY:The Commodity Futures

Trading Commission (Commission) is

authorizing the National Futures

Association (NFA) to conduct reviews of

disclosure documents required to be

filed with the Commission by

commodity pool operators (CPOs) and

commodity trading advisors (CTAs)

pursuant to Rules 4.26(d) and 4.36(d),

respectively. In addition, the

Commission is authorizing NFA to

process the following: (1) Notices of

eligibility for exclusion for certain

otherwise regulated persons from the

definition of CPO, pursuant to Rule 4.5;

(2) notices of claim for exemption from

certain Part 4 requirements with respect

to commodity pools (pools) and CTAs

whose participants or clients are

qualified eligible participants (QEPs) or

qualified eligible clients (QECs),

respectively, pursuant to Rule 4.7; (3)

claims of exemption from certain Part 4

requirements for CPOs with respect to

pools that principally trade securities,

pursuant to Rule 4.12(b); (4) statements

of exemption from registration as a CPO,

pursuant to Rule 4.13; (5) notices of

exemption from registration as a CTA

for certain persons registered as an

investment adviser, pursuant to Rule

4.14(a)(8); and (6) notices of claim for

exemption from provisions of Part 4 for

certain registered CPOs operating

offshore pools, pursuant to Advisory

18–96. Further, the Commission is

authorizing NFA to maintain and serve

as the official custodian of certain

Commission records.

EFFECTIVE DATE: November 1, 1997.

FOR FURTHER INFORMATION CONTACT:

Until the effective date of November 1,

1997, comments regarding this Notice

and Order may be directed to Paul H.

Bjarnason, Jr., Deputy Director, or Kevin

P. Walek, Senior Special Counsel,

Division of Trading and Markets,

Commodity Futures Trading

Commission, Three Lafayette Centre,

1155 21st Street, N.W., Washington, DC

20581. Telephone: (202) 418–5430.

United States of America

Before the Commodity Futures Trading

Commission Order Authorizing the

Performance of Certain Functions With

Respect to Commodity Pool Operators and

Commodity Trading Advisors

I. Authority and Background

Section 8a(10) of the Commodity

Exchange Act 1 (Act) provides that the

Commission may authorize any person

to perform any portion of the

registration functions under the Act,

notwithstanding any other provision of

law, in accordance with rules adopted

by such person and submitted to the

Commission for approval or, if

applicable, for review pursuant to

Section 17(j) of the Act 2 and subject to

the provisions of the Act applicable to

registrations granted by the

Commission. Section 17(o)(1) of the

Act 3 provides that the Commission may

require NFA to perform Commission

registration functions in accordance

with the Act and NFA rules. NFA has

confirmed its willingness to perform

certain functions now performed by the

Commission and has provided the

Commission with a detailed proposal

setting forth standards and procedures

to be followed and reports to be

generated in administering the functions

discussed below.4

Upon consideration, the Commission

has determined to authorize NFA,

effective November 1, 1997, to perform

the following functions: (1) to conduct

reviews of disclosure documents

required to be filed with the

Commission by CPOs and CTAs

pursuant to Rules 4.26(d) 5 and 4.36(d),

respectively; (2) to process 6 notices of

eligibility for exclusion for certain

otherwise regulated persons from the

definition of CPO, pursuant to Rule 4.5;

(3) to process notices of claim for

exemption from certain Part 4

requirements with respect to commodity

pools and CTAs whose participants or

clients are QEPs or QECs, respectively,

pursuant to Rule 4.7; (4) to process

claims of exemption from certain Part 4

requirements for CPOs with respect to

pools that principally trade securities,

pursuant to Rule 4.12(b); (5) to process

statements of exemption from

registration as a CPO, pursuant to Rule

4.13; (6) to process notices of exemption

from registration as a CTA for certain

persons registered as an investment

adviser, pursuant to Rule 4.14(a)(8); (7)

to process notices of claim for

exemption from provisions of Part 4 for

certain registered CPOs operating

offshore pools, pursuant to Advisory

18–96; 7 and (8) to maintain and to serve

as the official custodian of records for

the filings, notices and claims required

by the rules listed above. As discussed

below, each of these functions involves

disclosure requirements or exemptions

from disclosure, reporting,

recordkeeping and registration

requirements for CPOs and CTAs.

A. CPO and CTA Compliance with Rule

4.26(d) and 4.36(d)

Rule 4.26(d)(1) requires that a CPO

file a disclosure document 8 with the

Commission for each pool that it

operates or intends to operate not less