Federal Register / Vol. 62, No. 249 / Tuesday, December 30, 1997 / Notices 67927

1 17 CFR 200.30–3(a)(12).

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

2 17 CFR 240.19b–4.

3See Securities Exchange Act Release No. 39350

(November 21, 1997), 62 FR 64000 (File No. SR–

NASD–97–81). Amendment Nos. 1 and 2 to the

proposed rule filing were filed on November 12,

1997 and November 18, 1997, respectively. The

changes contained in these amendments were

included in the Notice. See Letter from Joan C.

Conley, Secretary, NASD Regulation to Katherine A.

England, Assistant Director, Division of Market

Regulation, Commission dated November 12, 1997

(note corrected sender); Letter Amendment No. 2

from Alden S. Adkins, Vice President and General

Counsel, NASD Regulation to Katherine A. England,

Assistant Director, Division of Market Regulation,

Commission dated November 18, 1997. Several

additional technical amendments were also

included in the Notice. Telephone Conversation

between Sharon Zackula, Office of General Counsel,

NASD Regulation and Mandy S. Cohen, Office of

Market Supervision, Commission (November 20,

1997). Amendment No. 3 to the proposed rule

filing, which amended the requested effective date

of the proposal and included several additional

technical amendments (see discussion infra p. 9, fn.

20), was filed on December 12, 1997. Letter

Amendment No. 3 from Alden S. Adkins, Vice

President and General Counsel, NASD Regulation to

Katherine A. England, Assistant Director, Division

of Market Regulation, Commission dated December

12, 1997.

4NASD Regulation and Nasdaq are collectively

referred to herein as the ‘‘Subsidiaries.’’

5See Securities Exchange Act Release No. 37106

(April 11, 1996), 61 FR 16944 (April 18, 1996) (File

No. SR–NASD–96–02); Securities Exchange Act

Release No. 37107 (April 11, 1996), 61 FR 16948

(April 18, 1996) (File No. SR–NASD–96–16).

6Securities Exchange Act Release No. 39326

(November 14, 1997), 62 FR 62385 (November 21,

1997) (File No. SR–NASD–97–71).

7Securities Exchange Act Release No. 37538

(Aug. 8, 1996) (SEC Order Instituting Public

Proceedings Pursuant to Section 19(h)(1) of the

Securities Exchange Act of 1934, Making Findings

and Imposing Remedial Sanctions, In the Matter of

National Association of Securities Dealers, Inc.,

Administrative Proceeding File No. 3–9056).

8Report and Appendix to Report Pursuant to

Section 21(a) of the Securities Exchange Act of 1934

Regarding the NASD and The Nasdaq Stock Market

(Aug. 8, 1996).

9Securities Exchange Act Release No. 38545

(April 24, 1997) 62 FR 25226 (May 8, 1997) (File

No. SR–NASD–97–28), as amended.

10Securities Exchange Act Release No. 38908

(August 7, 1997), 62 FR 43385 (August 13, 1997)

(Rules of the Association).

11See Release No. 34–39326 (File No. SR–NASD–

97–71).

12See Release No. 34–28908.

13A complete list of all changes is contained in

the Notice, see supra Release No. 34–39350.

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 in

the Commission’s Public Reference

Section, 450 Fifth Street, N.W.,

Washington, D.C. 20549. Copies of such

filing will also be available for

inspection and copying at he principal

office of the CBOE. All submissions

should refer to the file number in the

caption above and should be submitted

by January 20, 1998.

For the Commission by the Division of

Market Regulation, pursuant to delegated

authority.1

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 97–33830 Filed 12–29–97; 8:45 am]

BILLING CODE 8010–01–M

SECURITIES AND EXCHANGE

COMMISSION

[Release No. 34–39470; File No. SR–NASD–

97–81]

Self-Regulatory Organizations; Order

Granting Accelerated Approval of

Proposed Rule Change and

Amendment Nos. 1 and 2 to the

Proposed Rule Change, and Notice of

Filing and Order Granting Accelerated

Approval of Amendment No. 3 to the

Proposed Rule Change by the National

Association of Securities Dealers, Inc.

Relating to Changes to the Rule 1010

Series, the Rule 8000 Series, and the

Rule 9000 Series to Reflect Changes in

the Corporate Organization of the

National Association of Securities

Dealers, Inc. and Its Subsidiaries

December 19, 1997.

On October 31, 1997, the National

Association of Securities Dealers, Inc.

(‘‘NASD’’), through its regulatory

subsidiary NASD Regulation, Inc.

(‘‘NASD Regulation’’) filed with the

Securities and Exchange Commission

(‘‘SEC’’ or ‘‘Commission’’) a proposed

rule change pursuant to Section 19(b)(1)

of the Securities Exchange Act of 1934

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

In this filing, the NASD proposed

amendments to (a) Article V of the

NASD Regulation By-Laws; (b) the Rule

1010 Series; (c) the Rule 8000 Series; (d)

the Rule 9000 Series; and (e) certain

other Rules of the Association, generally

to conform such rules to the corporate

restructuring of the Association and to

make clarifying and technical changes

to such rules. Notice of this proposed

rule filing was published in the Federal

Register on December 3, 1997 (as

amended, the ‘‘Notice’’).3 The

Commission did not receive any

comment letters on the filing.

I. Introduction and Background

In November 1994, the NASD Board

of Governors appointed the Select

Committee on Structure and

Governance (‘‘Select Committee’’) to

review the NASD’s corporate

governance structure and to recommend

changes to enable the NASD to better

meet its regulatory and business

obligations, including its oversight of

the Nasdaq market. Following the

recommendations of the Select

Committee, the NASD proposed

reorganizing its corporate structure.

Nasdaq was given sole responsibility to

operate and oversee the Nasdaq market

and other over-the-counter (‘‘OTC’’)

markets, while NASD Regulation was

given responsibility for regulation and

member and constituent services.4 The

NASD retained ultimate policymaking,

oversight, and corporate authority as the

parent holding company and statutory

self-regulatory organization (‘‘SRO’’),

while granting substantial deference to

the operating Subsidiaries in the areas

of their respective jurisdictions. These

revisions to the corporate structure were

first proposed and adopted in mid1996.5 Final revisions to the corporate

structure were approved on November

14, 1997.6

On August 8, 1996, the Commission

issued an order pursuant to Section

19(h)(1) of the Act (‘‘SEC Order’’),

including fourteen undertakings

(‘‘Undertakings’’),7 and a related report

pursuant to Section 21(a) of the Act

(‘‘21(a) Report’’).8 In these documents,

the Commission indicated that the

NASD had not complied with its own

rules and had failed to satisfy its

obligations under the Act to enforce

such rules and the federal securities

laws. In response to the Commission’s

findings in the 21(a) Report and to

comply with the terms of certain

undertakings, the NASD subsequently

proposed amendments to its Rules of

the Association.9 These changes were

approved by the Commission on August

7, 1997.10 The proposed amendments

supplement the changes contained in

the Commission’s August 1997 order.

II. Description of the Proposal

The Association’s proposed rule

amendments are intended to (A)

conform the Rules of the Association to

reflect the terms of the recent corporate

reorganization of the NASD, NASD

Regulation, and Nasdaq,11 and (B)

clarify and simplify certain portions of

those Rules of the Association approved

in SR–NASD–97–28.12 The following

outlines the proposed amendments.13

A. Conforming Amendments

The structural changes to the NASD

and its Subsidiaries modified the sizes

of the three governing boards, interwove
67928 Federal Register / Vol. 62, No. 249 / Tuesday, December 30, 1997 / Notices

14While the present rules include two levels of

review, an aggrieved party does not have two rights

of appeal. Review by the governing boards, referred

to as a ‘‘call for review’’ is at the sole discretion of

each board.

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

16 15 U.S.C. 78o–3.

17For example, Section 15A(b)(8) requires that

the rules of an association provide a fair procedure

for the disciplining of members and persons

associated with members, the denial of

membership, the barring of any person becoming

associated with a member thereof, and for the

prohibition or limitation by the association of any

person with respect to access to services offered by

the association. Section 15A(h)(2) requires a

registered securities association when determining

whether a person shall be denied membership,

barred from becoming associated with a member, or

prohibited or limited with respect to access to

services offered by the association or member

thereof, to notify such person of and give him an

opportunity to be heard upon, the specific grounds

for denial, bar, or prohibition or limitation under

consideration and keep a record. Section 15A(h)(3)

governs when a registered securities association

may summarily suspend a member or a person

associated with a member.

18 In approving this proposal, the Commission

notes that it has considered the proposed rule’s

impact on efficiency, competition, and capital

formation. 15 U.S.C. 78c(f).

the membership of such boards and

included significant non-industry and

public participation throughout the

Association’s decision making

processes. Corresponding changes to the

procedures described in the Rules of the

Association are required to effect these

changes operationally. For example,

since all of the members of the

Subsidiary governing boards (the NASD

Regulation or Nasdaq ‘‘Directors’’) now

sit on the NASD Board of Governors,

review by both a subsidiary board and

the parent board is duplicative. The

change in the corporate structure

contemplated removal of the subsidiary

layer of review, and the proposed

amendments effect that change through

appropriate regulation.14

In addition, the corporate

restructuring created an adjudication

review committee separate from the

NASD Regulation Board of Directors.

The revised by-laws substituted the new

National Adjudicatory Council (the

‘‘NAC,’’ a non-board committee) for the

National Business Conduct Committee

(the ‘‘NBCC,’’ composed of NASD

Regulation Directors). The proposed

amendments replace references to the

NBCC with references to the NAC. In

addition, the amendments transfer

certain responsibilities formerly

delegated to the NBCC chair and vice

chair, to a new Review Subcommittee of

the NAC. The composition and quorum

requirements of this subcommittee are

set forth in a proposed amendment to

Article V of the NASD Regulation ByLaws. Upon approval of the proposed

amendments, the Review Subcommittee

will have delegated authority to make

decisions regarding (a) the

administration of disciplinary

proceedings during the review and

appeal process; (b) the review and

acceptance of letters of acceptance,

waiver, and consent; (c) the review and

acceptance of minor rule plan violation

letters; and (d) the review and

acceptance of offers of settlement. The

corresponding authority of the chair and

vice chair to make such determinations

will be deleted.

B. Clarifying and Simplifying

Amendments

In addition to the conforming

amendments described above, the

Association is also proposing several

clarifying and/or simplifying changes to

some of the Rules of the Association

approved in SR–NASD–97–28. These

changes will (a) allow members to

maintain an electronic version of the

NASD Manual as their required copy of

this manual; (b) consolidate several

rules addressing provision of

information within one Rule series; (c)

clarify the delegated responsibilities of

NASD Regulation’s Departments of

Enforcement and Market Regulation; (d)

allow appointment of persons to serve

as observers to disciplinary proceedings;

and (e) correct certain minor procedural

inconsistencies and/or uncertainties

regarding notice, notice periods, service,

stays, and exemptions. The particulars

of these changes are set forth in detail

in the Notice.

III. Discussion

A. The Proposed Amendments

As discussed below, the Commission

has determined at this time to approve

the NASD’s proposal. The standard by

which the Commission must evaluate a

proposed rule change is set forth in

Section 19(b) of the Act. The

Commission must approve a proposed

NASD rule change if it finds that the

proposal is consistent with the

requirements of the Act and the rules

and regulations thereunder that govern

the NASD.15 In evaluating a given

proposal, the Commission examines the

record before it and all relevant factors

and necessary information. In addition,

Section 15A of the Act establishes

specific standards for NASD rules

against which the Commission must

measure the NASD Proposal.16

The Commission has evaluated the

NASD’s proposed rule change in light of

the standards and objectives set forth in

the Act (particularly Sections 15A 17 and

3(f) 18), the SEC Order, the 21(a) Report

as well as the revised corporate

restructuring approved in SR–NASD–

97–71. The Commission believes that

the proposed changes to the Rules of the

Association are consistent with the

corporate restructuring, as well as the

objectives of the Act, the Undertakings

and the 21(a) Report. The proposed rule

change, in furthering the purpose of the

corporate restructuring by appropriate

conforming regulation, should

encourage dispassionate performance of

the NASD’s responsibilities as an SRO.

As set forth in the proposal, the

conforming changes will allow the

Governors of the NASD Board and the

Directors of the Subsidiary boards to

direct their attention to crucial

governance matters, and will decrease

unnecessary duplicative procedures. For

example, creation of the NAC and its

Review Subcommittee will reduce the

administrative burden on board

members by eliminating their required

service on these bodies, while at the

same time protecting the integrity of the

review process. Council members, who

are nominated in a manner similar to

the Governors, selected by the NASD

Regulation Board, and subject to the

same compositional requirements as the

NASD Regulation Board, should be able

to perform their important adjudicatory

functions without other governance

distractions. Elimination of the

duplicative subsidiary board review of

certain committee decisions will

similarly reduce the administrative

burden on those Governors who also

serve as Subsidiary Directors, without

sacrificing their input into the review

process.

The clarifying and simplifying

modifications will further enhance the

Association’s ability to perform its selfregulatory function. Permitting use of an

electronic NASD manual should lessen

the cost and time involved in the

maintenance of an up-to-date manual

and increase the availability of the

regulations therein. Gathering the rules

requiring certain persons to provide

information to the Association into one

Rule series should help its members and

other persons to be more aware of these

related information sharing obligations,

and thereby ease compliance with such

rules. Clarifying the respective duties of

the Departments of Enforcement and

Market Regulation should help these

offices to properly identify and perform

their appropriate delegated

responsibilities. Allowing qualified

observers to sit on disciplinary panels

should provide an effective training

forum for future panelists. Finally,

correction of the various inconsistencies

and/or uncertainties discovered after

approval of the Rules of the Association

in SR–NASD–97–28 should help to

promote the smooth and just application
Federal Register / Vol. 62, No. 249 / Tuesday, December 30, 1997 / Notices 67929

19The corporate governance documents, which

include the enacting provisions for the NAC (in the

NASD Regulation By-Laws) were approved by the

Commission on November 14, 1997. See Release

No. 34–39326.

20The technical amendments: (A) amend

paragraphs (d)(1), (e), (f), and (g) of Rule IM–8310–

2, Release of Disciplinary Information, by (i)

deleting the current terms, ‘‘National Business

Conduct Committee’’ and ‘‘NBCC,’’ and substituting

the term ‘‘National Adjudicatory Council;’’ (ii)

deleting an erroneous reference to the discretionary

review by the NASD Regulation Board; and (iii)

replacing erroneous references to two rescinded

Rules with reference to the two current Rules; (B)

delete an erroneous reference to the Rule 9800

Series in Rule 9110; (C) change an erroneous

singular reference in Rule 9270(d)(1)(C) to a plural

reference; (D) delete erroneous references to (i) the

discretionary review by the NASD Regulation

Board, and (ii) Rule 9352, in Rule 9311(b); (E) delete

an erroneous reference to a paragraph previously

proposed for deletion in Rule 9351(b)(2); (F) change

an erroneous singular reference to a plural reference

in Rule 9414(b)(1); and (G) change the caption of

paragraph (a) in Rule 9610.

21 15 U.S.C. 78s(b)(2).

22 15 U.S.C. 78o–3.

23 In SR–NASD–97–71, the Association requested

an effective date for that portion of the NASD

Regulation By-Laws creating the NAC of not later

than the first meeting of the NASD Board in January

1998, which is one day later than the requested date

for this rule filing. See Release No. 34–39326. The

Association recently filed an amendment to the

effective date of the By-Laws creating the NAC, to

conform to the effective date contained in this

Order. See SR–NASD–97–90.

24 15 U.S.C. 78s(b)(2).

25 Id.

26 17 CFR 200.30–3(a)(12).

of such rules, and contribute to and

enhance the Association’s ability to

perform its SRO responsibilities in an

objective, balanced and responsive

manner.

B. Effectiveness of the Amendments

The Association has requested

expedited approval of its proposal, with

an effective date of not later than the

day prior to the January 1998 meeting of

the NASD Regulation Board. Immediate

approval, with delayed application will

allow publication of the revised Rules of

the Association, while allowing the

NASD’s constituency and the general

public time to become familiar with the

changes to such rules prior to their

implementation. The Association has

submitted a related rule filing, SR–

NASD–97–90, which conforms the

effective dates of its corporate

governance documents to the same

date.19 The Commission agrees that

expedited approval and a delayed

effective date are appropriate for the

reasons stated, as well as to ensure that

the NASD’s constituency and the

general public will have adequate time

to review the new procedures prior to

their implementation.

IV. Amendment No. 3

The Commission finds good cause for

approving Amendment No. 3 prior to

the thirtieth day after the date of

publication of notice thereof in the

Federal Register. Specifically,

Amendment No. 3 amends the

requested effective date of the proposal,

as discussed above, and makes several

technical amendments of the same type

contained in the Notice.20 The

Commission believes that these changes,

combined with those in the initial filing

of SR–NASD–97–81 are consistent with

the Act, and should enhance both the

fair and efficient operation of the NASD

and the dispassionate application of the

rules and fairness in the NASD’s

adjudicatory and listing processes, as

well as other regulatory activities.

Finally, the acceleration of the

effectiveness of Amendment No. 3 will

enable the Commission to approve its

changes at the same time as the other

modifications to the NASD Rules of the

Association proposed in the Notice.

Therefore, the Commission believes that

granting accelerated approval to

Amendment No. 3 is appropriate and

consistent with Section 19(b)(2) of the

Act.21

V. Solicitation of Comments

Interested persons are invited to

submit written data, views and

arguments concerning Amendment No.

3 to the proposed rule change. 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 Amendment

No. 3 that are filed with the

Commission, and all written

communications relating to Amendment

No. 3 between the Commission and any

persons, 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

in the Commission’s Public Reference

Room. Copies of such filing will also be

available for inspection and copying at

the principal office of the NASD. All

submissions should refer to File No.

SR–NASD–97–81 and should be

submitted by January 20, 1998.

VI. Conclusion

The Commission believes that the

proposed rule change is consistent with

the Act, and, particularly, with Sections

15A(b) (6), (7), and (8) thereof.22 The

proposed rule change is consistent with

Section 15A(b)(6) of the Act in that it

will promote just and equitable

principles of trade by providing fair

procedures and standards for

membership admission, and fair

procedures and consistent treatment for

requesting information from members or

other persons who are obligated to

provide the Association with

information. The proposed rule change

is consistent with Section 15A(b)(7) in

that it furthers the statutory mandate

that the Association establish rules

providing that its members and persons

associated with its members shall be

appropriately disciplined for violation

of any provision of this title, the rules

or regulations thereunder, the rules of

the Municipal Securities Rulemaking

Board, or the Rules of the Association,

by expulsion, suspension, limitation of

activities, functions, and operations,

fine, censure, being suspended or barred

from association with a member, or any

other fitting sanction. The rule change is

consistent with Section 15A(b)(8) in that

it furthers the statutory goals of

providing a fair procedure for

disciplining members and persons

associated with members, fair

procedures for admitting or denying

membership to any person seeking

membership to the Association, fair

procedures for barring any person from

becoming associated with a member of

the Association, and fair procedures for

prohibiting or limiting the association of

any person with respect to access to

services offered by the Association or a

member thereof.

The Commission also finds good

cause for approving the NASD’s

proposal prior to the thirtieth day after

the date of publication of notice thereof

in the Federal Register. Specifically, the

changes contained in this rule filing

conform the Rules of the Association to

the recently revised corporate

governance documents of the NASD,

NASD Regulation and Nasdaq.23 The

Commission believes that accelerating

the effectiveness of the proposal will

enable the NASD to complete

conformance of its Rules of the

Association to the recent corporate

restructuring prior to the first Board of

Governors meeting implementing the

new corporate structure. Thus, the

Commission believes that granting

accelerated approval to SR–NASD–97–

81 is appropriate and consistent with

Section 19(b)(2) of the Act.24

It is therefore ordered, pursuant to

Section 19(b)(2) of the Act,25 that the

proposed rule change (SR–NASD–97–

81), including Amendment No. 3

thereto, is approved on an accelerated

basis.

For the Commission, by the Division of

Market Regulation, pursuant to delegated

authority.26
67930 Federal Register / Vol. 62, No. 249 / Tuesday, December 30, 1997 / Notices

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 97–33831 Filed 12–29–97; 8:45 am]

BILLING CODE 8010–01–M

DEPARTMENT OF STATE

[Public Notice No. 2652]

Office of Defense Trade Controls;

Notifications to the Congress of

Proposed Commercial Export Licenses

AGENCY: Department of State.

ACTION: Notice.

SUMMARY: Notice is hereby given that

the Department of State has forwarded

the attached Notifications of Proposed

Export Licenses to the Congress on the

dates shown on the attachments

pursuant to section 36(c) and in

compliance with section 36(e) of the

Arms Export Control Act (22 U.S.C.

2776).

EFFECTIVE DATE: As shown on each

letter.

FOR FURTHER INFORMATION CONTACT: Mr.

William J. Lowell, Director, Office of

Defense Trade Controls, Bureau of

Political-Military Affairs, Department of

State, (703) 875–6644.

SUPPLEMENTARY INFORMATION: Section

38(e) of the Arms Export Control Act

mandates that notifications to the

Congress pursuant to section 36(c) must

be published in the Federal Register

when they are transmitted to Congress

or as soon thereafter as practicable.

Dated: November 17, 1997.

William J. Lowell,

Director, Office of Defense Trade Controls.

[FR Doc. 97–33806 Filed 12–29–97; 8:45 am]

BILLING CODE 4710–25–M

DEPARTMENT OF STATE

[Public Notice 2670]

Delegation of Authority

By virtue of the authority vested in

me by the laws of the United States,

including the Foreign Assistance Act of

1961, the Arms Export Control Act, and

the State Department Basic Authorities

Act of 1956, and the memorandum

delegation signed by the President on

November 4, I hereby delegate to John

Holum, during any period in which he

serves both in the Office of the Under

Secretary of State for Arms Control and

International Security Affairs and as

Director of the Arms Control and

Disarmament Agency, all authorities

vested in the Secretary of State

(including all authorities delegated by

the President to the Secretary of State by

any act, order, determination, delegation

of authority, regulation or executive

order heretofore or hereinafter enacted

or issued) that have been or may be

delegated or redelegated to the Under

Secretary of State for Arms Control and

International Security Affairs.

This memorandum shall be published

in the Federal Register.

Dated: December 15, 1997.

Madeleine Albright,

Secretary of State.

[FR Doc. 97–33805 Filed 12–29–97; 8:45 am]

BILLING CODE 4710–10–M

DEPARTMENT OF TRANSPORTATION

Aviation Proceedings, Agreements

filed during the week of December 19,

1997

The following Agreements were filed

with the Department of Transportation

under the provisions of 49 U.S.C. 412

and 414. Answers may be filed within

21 days of date of filing.

Docket Number: OST–97–3243

Date Filed: December 16, 1997

Parties: Members of the International

Air Transport Association

Subject:

PTC3 0138 dated December 12, 1997

r1

PTC3 0140 dated December 12, 1997

r2

PTC3 0144 dated December 12, 1997

r3

PTC3 0147 dated December 12, 1997

r4

PTC3 Resolutions (involving US

Territories)

Intended effective date: January 15,

1998

Docket Number: OST–97–3244

Date Filed: December 16, 1997

Parties: Members of the International

Air Transport Association

Subject:

PTC3 0136 dated December 12, 1997

r1

PTC3 0137 dated December 12, 1997

r2–3

PTC3 0139 dated December 12, 1997

r4–5

PTC3 0141 dated December 12, 1997

r6

PTC3 0142 dated December 12, 1997

r7–8

PTC3 0143 dated December 12, 1997

r9

PTC3 0145 dated December 12, 1997

r10–12

PTC3 0146 dated December 12, 1997

r13–23

PTC3 0148 dated December 12, 1997

r24

PTC3 0149 dated December 12, 1997

r25

PTC3 Resolutions (except US

Territories)

Intended effective date: January 15,

1998

Docket Number: OST–97–3265

Date Filed: December 18, 1997

Parties: Members of the International

Air Transport Association

Subject:

PTC EUR–J/K 0019 dated November

21, 1997

Europe-Japan/Korea Resos r1–47

Minutes—PTC23 EUR–J/K 0022 dated

December 16, 1997 Tables—PTC23

EUR–J/K Fares 0007 dated

November 21, 1997

Intended effective date: April 1, 1998

Docket Number: OST–97–3264

Date Filed: December 18, 1997

Parties: Members of the International

Air Transport Association

Subject:

PAC/Reso/396 dated December 12,

1997

Finally Adopted Resolutions

Minutes—PAC/Meet/150 dated

December 10, 1997

r–1–814 r–4–820d r–7–854

r–2–814e r–5–824r

r–3–814ff r–6–850

Intended effective date: February 1,

1998

Docket Number: OST–97–3263

Date Filed: December 18, 1997

Parties: Members of the International

Air Transport Association

Subject:

Comp Telex Mail Vote 900

Fares from Canada (Excluding the US/

UST)

Amendments to Mail Vote 900

Intended effective date: January 5,

1998

Docket Number: OST–97–3262

Date Filed: December 18, 1997

Parties: Members of the International

Air Transport Association

Subject:

PTC12 NMS–ME 0032 dated

December 16, 1997

North Atlantic-Mideast Expedited

Resos

r1–5 r–1–02h r–3–070g r–5–090p

r–2–008z r–4–073m

Intended effective date: February 1,

1998

Paulette V. Twine,

Documentary Services.

[FR Doc. 97–33904 Filed 12–29–97; 8:45 am]

BILLING CODE 4910–62–P