Federal Register / Vol. 62, No. 232 / Wednesday, December 3, 1997 / Notices 64037

5 15 U.S.C. 78f(b).

Evaulation criterion

Passing

score

Book Display Time ............................ 10.5

Equal or Better Quote Performance 1.0

Post 1 P.M. Parameters ................... 3.0

Price Improvement ............................ 4.0

Any specialist who does not attain a

minimum passing score in a particular

criterion for two or more consecutive

quarters or more will be subject to the

following:

1. If a specialist does not attain an

overall passing score in any particular

individual criterion for 2 consecutive

quarters, the specialist will have to

appear before the EAC. The EAC will

meet with the specialist with the intent

of helping the specialist to improve the

score.

2. If a specialist does not attain an

overall passing score in any particular

individual criterion for 3 out of 4

consecutive quarters, the specialist will

either not be permitted to trade any

alternate specialist stocks or not be able

to apply for any new stocks for one

quarter. The Equity Allocation

Committee will decide which restriction

will apply.

3. If a specialist does not attain an

overall passing score in any particular

individual criterion for 4 out of 5

consecutive quarters, 5 out of 6 quarters,

etc., the specialist will be subject to both

the alternate specialist and no new stock

restrictions for one quarter. The EAC

may also, at its discretion, impose other

restrictions, including reallocating one

or more of the specialist stocks

The EAC will have the discretion not

to impose any of these restrictions if

there are mitigating circumstances.

The PCX intends to file a rule change

to PCX 5.37 to reflect all of the

aforementioned changes to its Specialist

Evaluation Pilot Program.

The Commission has requested that

the Exchange file a report regarding the

Exchange’s experience with the Pilot,

for the period from April 1, 1997 to

September 30, 1997, and this report has

been filed under separate cover.

2. Statutory Basis

The Exchange believes that the

proposed rule change is consistent with

Section 6(b) of the Act,5 in general, and

Section 6(b)(5) in particular, in that it is

designed to promote just and equitable

principles of trade and to protect

investors and the public.

B. Self-Regulatory Organization’s

Statement on Burden on Competition

The Exchange does not believe that

the proposed rule change will impose

any inappropriate burden on

competition.

C. Self-Regulatory Organization’s

Statement on Comments on the

Proposed Rule Change Received From

Members, Participants, or Others

No written comments were either

solicited or received.

III. Date of Effectiveness of the

Proposed Rule Change and Timing for

Commission Action

Within 35 days of the publication of

this notice in the Federal Register or

within such longer period (i) as the

Commission may designate up to 90

days of such date if it finds such longer

period to be appropriate and publishes

its reasons for so finding or (ii) as to

which the self-regulatory organization

consents, the Commission will:

(A) by order approve the proposed

rule change, or (B) institute proceedings to determine

whether the proposed rule change

should be disapproved.

IV. Solicitation of Comments

Interested persons are invited to

submit written data, views, and

arguments concerning the foregoing.

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 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 inspection and copying at

the Commission’s Public Reference

Room. Copies of such filing will also be

available for inspection and copying at

the principal office of the Exchange. All

submissions should refer to File No.

SR–PCX–97–43 and should be

submitted by December 24, 1997.

For the Commission, by the Division of

Market Regulation, pursuant to delegated

authority.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 97–31615 Filed 12–2–97; 8:45 am]

BILLING CODE 8010–01–M

SMALL BUSINESS ADMINISTRATION

Senior Executive Service Performance

Review Board Members

ACTION: Listing of personnel serving as

members of this agency’s Senior

Executive Service Performance Review

Boards.

SUMMARY: Section 4314(c)(4) of Title 5,

U.S.C. requires that Federal agencies

publish notification of the appointment

of individuals who serve as members of

that Agency’s Performance Review

Boards (PRB). The following is a listing

of those individuals currently serving as

members of this Agency’s PRB;

1. Chris Sale, Chief Operating Officer;

2. John Whitmore, Deputy to the

Associate Deputy Administrator for

Government Contracting and Minority

Enterprise Development;

3. Mary K. Swedin, Assistant

Administrator for Congressional and

Legislative Affairs;

4. John Gray, Associate Deputy

Administrator for Economic

Development;

5. Carolyn J. Smith, Assistant

Administrator for Human Resources;

6. Herbert Mitchell, Deputy Associate

Administrator for Disaster Assistance;

7. Mark Stephens, Deputy General

Counsel;

8. John Smith, District Director

(Chicago);

9. Erline Patrick, Assistant

Administrator for Equal Employment

Opportunity and Civil Rights

Compliance;

10. Darryl Dennis, Counselor to the

Administrator;

11. Charles Anderson, District Director

(Miami);

12. Monika Harrison, Associate

Administrator for Business Initiatives;

13. Judith Roussel, Associate

Administrator for Government

Contracting;

14. Mark Quinn, District Director (San

Francisco);

15. Larry Wilson, Chief Financial

Officer;

16. Jeanne Saddler, Counselor to the

Administrator.

Dated: November 24, 1997.

Aida Alvarez,

Administrator.

[FR Doc. 97–31525 Filed 12–2–97; 8:45 am]

BILLING CODE 8025–01–M