13660 Federal Register / Vol. 80, No. 50 / Monday, March 16, 2015 / Notices 

22 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. 73736 

(December 4, 2014), 79 FR 73354 (‘‘Notice’’). 

4See Securities Exchange Act Release No. 74126 

(January 23, 2015), 80 FR 4953 (January 29, 2015). 

5 15 U.S.C. 78s(b)(2)(B). 

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 

a.m. and 3 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–EDGX– 

2015–12, and should be submitted on or 

before April 6, 2015. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.22

Brent J. Fields, 

Secretary. 

[FR Doc. 2015–05859 Filed 3–13–15; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

Submission for OMB Review; 

Comment Request 

Upon Written Request, Copies Available 

From: Securities and Exchange 

Commission, Office of FOIA Services, 

100 F Street NE., Washington, DC 

20549–2736. 

Extension: Rule 17a–5(c). 

SEC File No. 270–199, OMB Control No. 

3235–0199. 

Notice is hereby given that pursuant 

to the Paperwork Reduction Act of 1995 

(‘‘PRA’’) (44 U.S.C. 3501 et seq.), the 

Securities and Exchange Commission 

(‘‘Commission’’) has submitted to the 

Office of Management and Budget 

(‘‘OMB’’) a request for approval of 

extension of the previously approved 

collection of information provided for in 

Rule 17a–5(c), (17 CFR 240.17a–5(c)), 

under the Securities Exchange Act of 

1934 (15 U.S.C. 78a et seq.). 

Rule 17a–5(c) generally requires 

broker-dealers who carry customer 

accounts to provide statements of the 

broker-dealer’s financial condition to 

their customers. Paragraph (5) of Rule 

17a–5(c) provides a conditional 

exemption from this requirement. A 

broker-dealer that elects to take 

advantage of the exemption must 

publish its statements on its Web site in 

a prescribed manner, and must maintain 

a toll-free number that customers can 

call to request a copy of the statements. 

The purpose of the Rule is to ensure 

that customers of broker-dealers are 

provided with information concerning 

the financial condition of the firm that 

may be holding the customers’ cash and 

securities. The Commission, when 

adopting the Rule in 1972, stated that 

the goal was to ‘‘directly’’ send a 

customer essential information so that 

the customer could ‘‘judge whether his 

broker or dealer is financially sound.’’ 

The Commission adopted the Rule in 

response to the failure of several brokerdealers holding customer funds and 

securities in the period between 1968 

and 1971. 

The Commission estimates that 

approximately 213 broker-dealer 

respondents carrying approximately 115 

million public customer accounts incur 

an average burden of 142,424 hours per 

year to comply with the Rule. 

An agency may not conduct or 

sponsor, and a person is not required to 

respond to, a collection of information 

under the PRA unless it displays a 

currently valid OMB control number. 

The public may view background 

documentation for this information 

collection at the following Web site: 

www.reginfo.gov. Comments should be 

directed to: (i) Desk Officer for the 

Securities and Exchange Commission, 

Office of Information and Regulatory 

Affairs, Office of Management and 

Budget, Room 10102, New Executive 

Office Building, Washington, DC 20503, 

or by sending an email to: Shagufta_

Ahmed@omb.eop.gov; and (ii) Pamela 

Dyson, Director/Chief Information 

Officer, Securities and Exchange 

Commission, c/o Remi Pavlik-Simon, 

100 F Street NE., Washington, DC 

20549, or by sending an email to: PRA_

Mailbox@sec.gov. Comments must be 

submitted to OMB within 30 days of 

this notice. 

Dated: March 10, 2015. 

Brent J. Fields, 

Secretary. 

[FR Doc. 2015–05984 Filed 3–13–15; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–74465; File No. SR–ISE– 

2014–24] 

Self-Regulatory Organizations; 

International Securities Exchange, 

LLC; Order Instituting Proceedings To 

Determine Whether To Approve or 

Disapprove a Proposed Rule Change 

To Modify ISE’s Opening Process 

March 10, 2015. 

I. Introduction 

On November 19, 2014, the 

International Securities Exchange, LLC 

(the ‘‘Exchange’’ or the ‘‘ISE’’) filed with 

the Securities and Exchange 

Commission (the ‘‘Commission’’), 

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

Securities Exchange Act of 1934 (the 

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

proposed rule change to modify the 

opening process of the Exchange. The 

proposed rule change was published for 

comment in the Federal Register on 

December 10, 2014.3 On January 23, 

2015, the Commission extended the 

time period within which to approve 

the proposed rule change, disapprove 

the proposed rule change, or institute 

proceedings to determine whether to 

disapprove the proposed rule change, to 

March 10, 2015.4 The Commission 

received no comment letters on the 

proposed rule change. This order 

institutes proceedings under Section 

19(b)(2)(B) of the Act 5 to determine 

whether to approve or disapprove the 

proposed rule change. 

II. Description of the Proposal 

The Exchange proposes to (1) clarify 

and codify existing functionality within 

the trading system regarding the 

procedures for initiation of the opening 

process, and (2) modify the manner in 

which the Exchange’s trading system 

opens trading at the beginning of the 

day and after trading halts. 

According to the Exchange, the 

proposed rule change would codify 

certain existing functionality within the 

trading system that was not previously 

described in the Exchange’s rule and 

would provide new procedures for 

initiation of the opening rotation at the 

Exchange’s opening and reopening after 

a trading halt. A more detailed 


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Federal Register / Vol. 80, No. 50 / Monday, March 16, 2015 / Notices 13661 

6See Notice, supra note 3 at 73355. 

7See Notice, supra note 3 at 73356. 

8See Notice, supra note 3, at 73356, for an 

example showing the calculation of the execution 

price following the first iteration. 

9Pursuant to ISE Rules 100(a)(37A) and 

100(a)(37B), a Priority Customer Order is an order 

for the account of a person or entity that (i) is not 

a broker or dealer in securities, and (ii) does not 

place more than 390 orders in listed options per day 

on average during a calendar month for its own 

beneficial account(s). 

10Pursuant to ISE Rule 100(a)(37C), a Professional 

Order is an order that is for the account of a person 

or entity that is not a Priority Customer. 11Priority Customer orders with the same limit 

price in the regular order book are currently 

executed in time priority during the opening. The 

Exchange believes executing these orders on a 

random basis is a fairer approach because the 

current time priority is dependent on when such 

orders are communicated to the Exchange by a 

Priority Customer’s broker before the market, not 

the time the Priority Customer expressed interest in 

doing the trade. Executing these orders in random 

will provide Priority Customer orders an equal 

opportunity to participate at the open. 

12Pursuant to ISE Rules 100(a)(38) and 

100(a)(39), a Public Customer means a person or 

entity that is not a broker or dealer in securities and 

a Public Customer Order means an order for the 

account of a Public Customer. 

13Under the Options Order Protection and 

Locked/Crossed Market Plan (‘‘Options Linkage 

Plan’’), the Exchange cannot execute orders at a 

price that is inferior to the NBBO, nor can the 

Exchange place an order on its book that would 

cause the ISE best bid or offer to lock or cross 

another exchange’s quote. In compliance with this 

requirement, Non-Customer Orders and Public 

Customer Orders are exposed to all ISE Members for 

up to one second to give them an opportunity to 

execute orders at the NBBO price or better before 

orders are rejected (in the case of Non-Customer 

Orders) or routed out to other exchanges (in the 

case of Public Customer Orders). See 

Supplementary Material .02 to Rule 1901. 

14Pursuant to ISE Rules 100(a)(27) and (28), a 

Non-Customer means a person or entity that is a 

broker or dealer in securities and a Non-Customer 

Order means an order for the account of a NonCustomer. 

15See Notice, supra note 3, at 73357, for an 

example showing the calculation of the execution 

price following the second iteration. 

16The ABBO prices considered in the first 

iteration are also used during the second iteration. 

17See Notice, supra note 3, at 73357, for an 

example showing the calculation of the execution 

price following the third iteration. 

description of the initiation procedure is 

available in the Notice.6

The Exchange also proposes to amend 

its opening rotation process. The 

Exchange believes that there are issues 

with its current opening process. 

Namely, because its opening process 

does not provide away market price 

protection, the Exchange believes that 

order flow providers are sending fewer 

pre-open orders to ISE. In addition, the 

Exchange states that ‘‘the opening of 

options series can be delayed by 

imbalances that prevent ISE from 

determining an opening price in a 

timely manner’’ and that ‘‘such delays 

exacerbate the problem of not providing 

price protection at the opening.’’ 7

To address its concerns, ISE proposes 

an iterative opening process. As 

described in the Notice, in the first 

iteration, the trading system will 

attempt to derive the first opening price 

to be at or better than the ISE Market 

Maker quotes and away best bid or offer 

(‘‘ABBO’’) prices. When there is 

executable interest, the trading system 

will first calculate a range of prices 

within which to open the options series 

(‘‘Boundary Prices’’). As is the case 

today, the trading system will use 

quotes provided by the Primary Market 

Maker (‘‘PMM’’) for the series in 

question to set the first Boundary Prices. 

If the PMM is not present on either side 

of the market, then the best quotes from 

the Competitive Market Makers 

(‘‘CMMs’’) will be used on the 

corresponding side. If there are no PMM 

or CMM quotes on the bid side, the 

lowest minimum trading increment for 

the option class will be used on the bid 

side. If there are no PMM or CMM 

quotes on the offer side, the options 

class will not open because in the 

absence of an offer there is no limit as 

to the price at which an opening trade 

can occur. If the options class is open 

on another exchange, the Boundary 

Prices will be determined to be the 

higher of the ISE Market Maker’s bid in 

that options class and the national best 

bid, and the lower of the ISE Market 

Maker’s offer in that options class and 

the national best offer. 

Once the trading system has 

determined the Boundary Prices, as 

appropriate, it then will determine the 

price at which the maximum number of 

contracts can trade at or within the 

appropriate Boundary Prices (the 

‘‘execution price’’).8 Once the trading 

system determines the execution price, 

orders and quotes will be processed as 

follows—market orders will be given 

priority before limit orders and quotes, 

and limit orders and quotes will be 

given priority by price. For limit orders 

and quotes with the same price, priority 

will be accorded first to Priority 

Customer Orders 9 over Professional 

Orders 10 and quotes. Priority Customer 

Orders with the same limit price will be 

executed in random 11 while 

Professional Orders and quotes with the 

same limit price will be executed prorata based on size. If the Boundary 

Prices are calculated using the national 

best bid or offer (‘‘NBBO’’), any 

remaining Public Customer Orders 12

after this iteration that would lock or 

cross a bid or offer from another 

exchange will be processed in 

accordance with Supplementary 

Material .02 to ISE Rule 1901.13 Any 

remaining Non-Customer Orders 14 that 

would lock or cross a bid or offer from 

another exchange may trade outside the 

Boundary Prices by up to two trading 

increments as further described under 

the third iteration below. 

If after the first iteration there remain 

unexecuted orders and quotes that lock 

or cross each other, the trading system 

will initiate a second iteration.15 In the 

second iteration, the trading system will 

use either the ISE Market Maker quotes 

or the ABBO prices,16 whichever was 

not used in the first iteration, to 

establish the Boundary Prices. For 

example, if the ISE Market Maker quotes 

were used in the first iteration, the 

second iteration will use ABBO prices 

and vice versa. If there were no ABBO 

prices for consideration for the first 

iteration, then this second iteration will 

not occur and the trading system will 

initiate the third iteration as described 

below. 

In the second iteration, the trading 

system will again determine the 

execution price at which the maximum 

number of contracts can trade at or 

within the widened Boundary Prices. 

Once the trading system determines the 

second execution price, orders and 

quotes will be processed as follows— 

market orders will be given priority 

before limit orders and quotes, and limit 

orders and quotes will be given priority 

by price. For limit orders and quotes 

with the same price, priority will be 

accorded first to Priority Customer 

Orders over Professional Orders and 

quotes. Priority Customer Orders with 

the same limit price will be executed in 

random order while Professional Orders 

and quotes with the same limit price 

will be executed pro-rata based on size. 

If the Boundary Prices in the second 

iteration are calculated using the NBBO, 

any remaining Public Customer Orders 

after this iteration that would lock or 

cross a bid or offer from another 

exchange will be processed in 

accordance with Supplementary 

Material .02 to ISE Rule 1901. Any 

remaining Non-Customer Orders that 

would lock or cross a bid or offer from 

another exchange may trade outside the 

Boundary Prices by up to two trading 

increments as further described under 

the third iteration below. 

If after the second iteration there 

remain unexecuted orders and quotes 

that lock or cross each other, the trading 

system will initiate a third iteration.17 In 

the third iteration, the prior Boundary 

Prices, i.e., the prices used in the second 

iteration, and in the case where the 

second iteration does not occur, the 

prices used in the first iteration, will be 

widened by two trading increments. The 

trading system will then determine the 


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13662 Federal Register / Vol. 80, No. 50 / Monday, March 16, 2015 / Notices 

18The PMM has the obligation under existing 

Exchange rules to engage in dealings for its own 

account when, among other things, there is a 

temporary disparity between the supply of and 

demand for a particular options contract, and to act 

with due diligence in handling orders. See ISE Rule 

803(c). 

19See Notice, supra note 3, at 73357–8, for an 

example showing the calculation of the execution 

price following the fourth and final iteration. 

20 15 U.S.C. 78s(b)(2)(B). Id. Section 19(b)(2) of 

the Exchange Act also provides that proceedings to 

determine whether to disapprove a proposed rule 

change must be concluded within 180 days of the 

date of publication of notice of the filing of the 

proposed rule change. See id. The time for 

conclusion of the proceedings may be extended for 

up to 60 days if the Commission finds good cause 

for such extension and publishes its reasons for so 

finding. See id. 

21See Notice, supra note 3, at 73358. 

22Section 5(a) of the Options Linkage Plan. 

23Section 5(b) of the Options Linkage Plan. 

24Section 5(b)(ii) of the Options Linkage Plan. 

25See Securities Exchange Act Release No. 60405 

(July 30, 2009), 74 FR 39362 (August 6, 2009) 

(‘‘Options Linkage Plan Approval Order). 

26See Options Linkage Plan Approval Order, id. 

at 39366. 

27 Id. 

28 15 U.S.C. 78f(b)(5). 

29 15 U.S.C. 78f(b)(5). 

30Section 19(b)(2) of the Act, as amended by the 

Securities Act Amendments of 1975, Pub. L. 94–29 

(June 4, 1975), grants to the Commission flexibility 

to determine what type of proceeding—either oral 

or notice and opportunity for written comments— 

is appropriate for consideration of a particular 

proposal by a self-regulatory organization. See 

Securities Act Amendments of 1975, Senate Comm. 

on Banking, Housing & Urban Affairs, S. Rep. No. 

75, 94th Cong., 1st Sess. 30 (1975). 

31See Notice, supra note 3. 

price at which the maximum number of 

contracts could trade at or within the 

widened Boundary Prices. Once the 

trading system determines the third 

execution price, orders and quotes will 

be processed as follows—market orders 

will be given priority before limit orders 

and quotes, and limit orders and quotes 

will be given priority by price. For limit 

orders and quotes with the same price, 

priority will be accorded first to Priority 

Customer Orders over Professional 

Orders and quotes. Priority Customer 

Orders with the same limit price will be 

executed in random order while 

Professional Orders and quotes with the 

same limit price will be executed prorata based on size. Thereafter, any 

unexecuted Priority Customer Orders 

that lock or cross the Boundary Prices 

will be handled by the PMM 18 and any 

unexecuted Professional Orders and 

Non-Customer Orders that lock or cross 

the Boundary Prices will be canceled. 

If after the third iteration there remain 

unexecuted orders and quotes that lock 

or cross each other, the trading system 

will initiate a fourth and final 

iteration.19 In the fourth iteration, the 

trading system will not calculate new 

Boundary Prices. The trading system 

will simply trade any remaining 

interest. Thereafter, the trading system 

will open the options series by 

disseminating the Exchange’s best bid 

and offer derived from the remaining 

orders and quotes. 

III. Proceedings To Determine Whether 

To Approve or Disapprove SR–ISE– 

2014–24 and Grounds for Disapproval 

Under Consideration 

The Commission is instituting 

proceedings pursuant to Section 

19(b)(2)(B) of the Act 20 to determine 

whether the proposed rule change 

should be approved or disapproved. 

Institution of such proceedings is 

appropriate at this time in view of the 

legal and policy issues raised by the 

proposed rule change, as discussed 

below. Institution of proceedings does 

not indicate that the Commission has 

reached any conclusions with respect to 

any of the issues involved. Rather, as 

described in greater detail below, the 

Commission seeks and encourages 

interested persons to provide additional 

comment on the proposed rule change. 

The Exchange believes that ‘‘each 

iteration of the proposed iterative 

process complies with Section 5(a) of 

the [Options] Linkage Plan, or qualifies 

as an exception under Section 5(b)(ii) of 

the [Options] Linkage Plan.’’ 21 Section 

5(a)—Order Protection—of the Options 

Linkage Plan requires that each 

participant exchange establish written 

policies and procedures that are 

reasonably designed to prevent tradethroughs and to conduct surveillance to 

ascertain the effectiveness of such 

policies and procedures.22 Section 5(b) 

provides a number of exceptions to the 

order protection requirements.23 Section 

5(b)(ii), in particular, provides an 

exception for a ‘‘transaction traded 

through a Protected Quotation being 

disseminated by an Eligible Exchange 

during a trading rotation.’’ 24

In the Commission’s Order approving 

the Options Linkage Plan,25 the 

Commission stated that the Section 

5(b)(ii) exception from trade-throughs 

was carried over from the previous 

linkage plan and is similar to an 

exception available for NMS stocks 

under Regulation NMS.26 The 

Commission further noted that the 

‘‘trading rotation’’ in the Options 

Linkage Plan is ‘‘effectively a single 

price auction to price the option.’’ 27

The Commission believes that ISE’s 

proposal raises interpretive issues that 

warrant further public comment and 

Commission consideration. Namely, the 

Commission believes that proceedings 

are appropriate to consider whether the 

Exchange’s proposed opening process, 

which would undertake potentially four 

separate iterations, each with its own 

execution price, is consistent with the 

Options Linkage Plan and with Section 

6 of the Act, particularly Section 

6(b)(5),28 which requires, among other 

things, that the rules of a national 

securities exchange be designed to 

prevent fraudulent and manipulative 

acts and practices, to promote just and 

equitable principles of trade, to remove 

impediments to and perfect the 

mechanism of a free and open market 

and a national market system and, in 

general, to protect investors and the 

public interest. 

IV. Procedure: Request for Written 

Comments 

The Commission requests that 

interested persons provide written 

submissions of their views, data and 

arguments with respect to the concerns 

identified above, as well as any other 

concerns they may have with the 

proposed rule change. In particular, the 

Commission invites the written views of 

interested persons concerning whether 

the proposal is inconsistent with 

Section 6(b)(5) 29 or any other provision 

of the Act, or the rules and regulation 

thereunder. Although there do not 

appear to be any issues relevant to 

approval or disapproval which would 

be facilitated by an oral presentation of 

views, data, and arguments, the 

Commission will consider, pursuant to 

Rule 19b–4, any request for an 

opportunity to make an oral 

presentation.30

In addition to any other facets of the 

proposal on which persons may seek to 

comment, the Commission is soliciting 

the views of interested persons 

regarding provisions of the proposed 

rule change concerning compliance 

with Section 5(a) of the Options Linkage 

Plan or qualification as an exception 

under Section 5(b)(ii) of the Options 

Linkage Plan. 

Interested persons are invited to 

submit written data, views, and 

arguments regarding whether the 

proposal should be approved or 

disapproved by April 6, 2015. Any 

person who wishes to file a rebuttal to 

any other person’s submission must file 

that rebuttal by April 20, 2015. The 

Commission asks that commenters 

address the sufficiency and merit of the 

Exchange’s statements in support of the 

proposed rule change, in addition to any 

other comments they may wish to 

submit about the proposed rule change. 

In particular, the Commission seeks 

comment on the statements of the 

Exchange contained in the Notice,31

including the statements made with 


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Federal Register / Vol. 80, No. 50 / Monday, March 16, 2015 / Notices 13663 

32 17 CFR 200.30–3(a)(57). 

respect to compliance with the Options 

Linkage Plan, and any other issues 

raised by the proposed rule change. 

Comments may be submitted by any 

of the following methods: 

Electronic Comments 

• Use the Commission’s Internet 

comment form (http://www.sec.gov/

rules/sro.shtml); or 

• Send an email to rule-comments@

sec.gov. Please include File Number SR– 

ISE–2014–24 on the subject line. 

Paper Comments 

• Send paper comments in triplicate 

to Brent J. Fields, Secretary, Securities 

and Exchange Commission, 100 F Street 

NE., Washington, DC 20549–1090. 

All submissions should refer to File 

Number SR–ISE–2014–24. This file 

number should be included on the 

subject line if email is used. To help the 

Commission process and review your 

comments more efficiently, please use 

only one method. The Commission will 

post all comments on the Commission’s 

Internet Web site (http://www.sec.gov/

rules/sro.shtml). 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 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–ISE– 

2014–24 and should be submitted by 

April 6, 2015. Rebuttal comments 

should be submitted by April 20, 2015. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.32

Brent J. Fields, 

Secretary. 

[FR Doc. 2015–05861 Filed 3–13–15; 8:45 am] 

BILLING CODE 8011–01–P 

SMALL BUSINESS ADMINISTRATION 

Surrender of License of Small 

Business Investment Company 

Pursuant to the authority granted to 

the United States Small Business 

Administration under the Small 

Business Investment Act of 1958, under 

Section 309 of the Act and Section 

107.1900 of the Small Business 

Administration Rules and Regulations 

(13 CFR 107.1900) to function as a small 

business investment company under the 

Small business Investment Company 

License No. 03/73–0229 issued to 

Walker Investment Fund II SBIC, L.P., 

said license is hereby declared null and 

void. 

Dated: February 17, 2015. 

U.S. Small Business Administration. 

Javier E. Saade, 

Associate Administrator for Investment. 

[FR Doc. 2015–05926 Filed 3–13–15; 8:45 am] 

BILLING CODE 8025–01–P 

DEPARTMENT OF TRANSPORTATION 

Office of the Secretary 

Notice of Applications for Certificates 

of Public Convenience and Necessity 

and Foreign Air Carrier Permits Filed 

Under Subpart B (Formerly Subpart Q) 

During the Week Ending February 21, 

2015 

The following Applications for 

Certificates of Public Convenience and 

Necessity and Foreign Air Carrier 

Permits were filed under Subpart B 

(formerly Subpart Q) of the Department 

of Transportation’s Procedural 

Regulations (see 14 CFR 302. 201 et 

seq.). The due date for Answers, 

Conforming Applications, or Motions to 

Modify Scope are set forth below for 

each application. Following the Answer 

period DOT may process the application 

by expedited procedures. Such 

procedures may consist of the adoption 

of a show-cause order, a tentative order, 

or in appropriate cases a final order 

without further proceedings. 

Docket Number: DOT–OST–2015– 

0033. 

Date Filed: February 19, 2015. 

Due Date for Answers, Conforming 

Applications, or Motion To Modify 

Scope: March 12, 2015. 

Description 

Joint application of Southern Air Inc. 

(‘‘Southern’’) and Florida West 

International Airways, Inc. (‘‘Florida 

West’’) requesting approval of the de 

facto transfer of all international 

authority held by Florida West to 

Southern. 

Docket Number: DOT–OST–2015– 

0037. 

Date Filed: February 20, 2015. 

Due Date for Answers, Conforming 

Applications, or Motion To Modify 

Scope 

March 13, 2015. 

Description 

Application of Liberty Helicopters 

Inc. requesting authority to engage in 

scheduled operations as a commuter air 

carrier and proposes to operate flights 

between various New York City 

heliports, and the following 

destinations: NYC Metro Airports, 

Mohegan Sun Casino, Montauk, 

Southampton, and East Hampton 

(‘‘Proposed Service’’). 

Barbara J. Hairston, 

Supervisory Dockets Officer, Docket 

Operations, Federal Register Liaison. 

[FR Doc. 2015–05893 Filed 3–13–15; 8:45 am] 

BILLING CODE 4910–9X–P 

DEPARTMENT OF TRANSPORTATION 

Federal Motor Carrier Safety 

Administration 

[Docket No. FMCSA–2006–26367] 

Motor Carrier Safety Advisory 

Committee (MCSAC): Public Meeting 

AGENCY: Federal Motor Carrier Safety 

Administration (FMCSA), DOT. 

ACTION: Notice of meeting. 

SUMMARY: FMCSA announces that its 

MCSAC will meet on Monday and 

Tuesday, March 30–31, 2015. The 

MCSAC will meet to discuss and 

analyze data to support the potential 

benefits and feasibility of voluntary 

compliance and ways to credit carriers 

and drivers who initiate and establish 

programs that promote safety beyond 

the standards established in FMCSA 

regulations. The meeting will be open to 

the public for its entirety with a public 

comment period at the end of each day. 

Times and Dates: The meeting will be 

held Monday—Tuesday, March 30–31, 

2015, from 9 a.m. to 4:30 p.m., Eastern 

Daylight Time (EDT), at the Hyatt 

Regency Crystal City, 2799 Jefferson 

Davis Highway, Arlington, VA 22202, 

(703) 418–1234. Copies of the MCSAC 

Task Statement and an agenda for the 

entire meeting will be made available in 

advance of the meeting at http://

mcsac.fmcsa.dot.gov. 

FOR FURTHER INFORMATION CONTACT: Ms. 

Shannon L. Watson, Senior Policy 


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