9096 Federal Register / Vol. 87, No. 33 / Thursday, February 17, 2022 / Notices 

18 15 U.S.C. 78s(b)(3)(A). 

19 17 CFR 240.19b–4(f)(2). 

20 15 U.S.C. 78s(b)(2)(B). 21 17 CFR 200.30–3(a)(12). 

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

2 17 CFR 240.19b–4. 

C. Self-Regulatory Organization’s 

Statement on Comments on the 

Proposed Rule Change Received From 

Members, Participants, or Others 

No written comments were solicited 

or received with respect to the proposed 

rule change. 

III. Date of Effectiveness of the 

Proposed Rule Change and Timing for 

Commission Action 

The foregoing rule change is effective 

upon filing pursuant to Section 

19(b)(3)(A) 18 of the Act and 

subparagraph (f)(2) of Rule 19b–4 19

thereunder, because it establishes a due, 

fee, or other charge imposed by the 

Exchange. 

At any time within 60 days of the 

filing of such proposed rule change, the 

Commission summarily may 

temporarily suspend such rule change if 

it appears to the Commission that such 

action is necessary or appropriate in the 

public interest, for the protection of 

investors, or otherwise in furtherance of 

the purposes of the Act. If the 

Commission takes such action, the 

Commission shall institute proceedings 

under Section 19(b)(2)(B) 20 of the Act to 

determine whether the proposed rule 

change should be approved or 

disapproved. 

IV. Solicitation of Comments 

Interested persons are invited to 

submit written data, views, and 

arguments concerning the foregoing, 

including whether the proposed rule 

change is consistent with the Act. 

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– 

NYSEArca–2022–08 on the subject line. 

Paper Comments 

• Send paper comments in triplicate 

to Secretary, Securities and Exchange 

Commission, 100 F Street NE, 

Washington, DC 20549–1090. 

All submissions should refer to File 

Number SR–NYSEArca–2022–08. 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 website (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 website 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 

offices of the Exchange. All comments 

received will be posted without change. 

Persons submitting comments are 

cautioned that we do not redact or edit 

personal identifying information from 

comment submissions. You should 

submit only information that you wish 

to make available publicly. All 

submissions should refer to File 

Number SR–NYSEArca–2022–08, and 

should be submitted on or before March 

10, 2022. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.21

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2022–03392 Filed 2–16–22; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–94226; File No. SR– 

NASDAQ–2022–012] 

Self-Regulatory Organizations; The 

Nasdaq Stock Market LLC; Notice of 

Filing and Immediate Effectiveness of 

Proposed Rule Change To Amend 

Equity 7, Section 115 of the Fee 

Schedule 

February 11, 2022. 

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

Securities Exchange Act of 1934 

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

notice is hereby given that on January 

31, 2022, The Nasdaq Stock Market LLC 

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

Securities and Exchange Commission 

(‘‘Commission’’) the proposed rule 

change as described in Items I, II, and 

III, below, which Items have been 

prepared by the Exchange. The 

Commission is publishing this notice to 

solicit comments on the proposed rule 

change from interested persons. 

I. Self-Regulatory Organization’s 

Statement of the Terms of Substance of 

the Proposed Rule Change 

The Exchange proposes to amend the 

Exchange’s pricing schedule at Equity 7, 

Section 115, as described further below. 

The text of the proposed rule change 

is detailed below: proposed new 

language is italicized and proposed 

deletions are in brackets. 

* * * * * 

The Nasdaq Stock Market Rules 

* * * * * 

Equity Rules 

* * * * * 

Equity 7 Pricing Schedule 

* * * * * 

Section 115. Ports and Services† 

The charges under this section are assessed 

by Nasdaq for connectivity to services and 

the following systems operated by Nasdaq or 

FINRA: The Nasdaq Market Center, FINRA 

Trade Reporting and Compliance Engine 

(TRACE), the FINRA/Nasdaq Trade Reporting 

Facility, and the FINRA OTC Reporting 

Facility (ORF). The following fees are not 

applicable to The Nasdaq Options Market 

LLC. For related options fees for Ports and 

other Services refer to Options 7, Section 3 

of the Options Rules. 

(a)–(d) No change. 

(e) Specialized Services Related to FINRA/ 

Nasdaq Trade Reporting Facility. 


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Federal Register / Vol. 87, No. 33 / Thursday, February 17, 2022 / Notices 9097 

3WorkX is a re-platformed version of Workstation 

that simplifies compliance with regulatory 

responsibilities and enhances the user experience 

with improved workflow, system performance, and 

data visualization. WorkX also upgrades trade 

reporting and monitoring with a modern user 

interface using cloud-based technology. 

4See Securities Exchange Act Release No. 91744 

(May 3, 2021), 86 FR 24685 (May 7, 2021) 

(NASDAQ–2021–025). 

5Workstation is a web-based application that 

electronically facilitates trade reporting and 

clearing functions for trades reported to the FINRA/ 

Nasdaq TRF. Workstation services include trade 

entry, trade scan, and uploads for bulk trade entry 

to support FINRA/Nasdaq TRF participant trade 

reporting in accordance with Financial Industry 

Regulatory Authority (‘‘FINRA’’) rules. 

6Workstation and WebLink are identical 

applications that perform the same functions. For 

historical reasons, they each have separate entries 

on the Exchange’s fee schedule. WebLink, the same 

as Workstation, is a web-based application that 

electronically facilitates trade reporting and 

clearing functions for trades reported to the FINRA/ 

Nasdaq TRF. 

7WebLink and Workstation provide searchable 

access to a member’s trades that are older than six 

months dating back to 2009. WorkX provides 

searchable access to a member’s trades that are 

older than one year dating back five years. 

8 In its capacity as a Business Member of the 

FINRA/Nasdaq TRF, Nasdaq also plans to 

separately eliminate the $0.50 per query fee that is 

charged for querying reported transactions in the 

FINRA/Nasdaq TRF using Workstation, WebLink 

and WorkX. The change was proposed in FINRA– 

2022–002, which was filed on January 31, 2022. 

9 15 U.S.C. 78f(b). 

10 15 U.S.C. 78f(b)(4) and (5). 

WebLink ACT or Nasdaq ............... $[5]625[.00]/month 

Workstation Post Trade ................. A subscription includes: The Trade Reporting File Upload service, which allows members to upload 

multiple trade reports in batches to ACT; and the ACT Reject Scan service, which provides a list of 

all of a member’s rejected ACT trade entries and a copy of each rejected trade report form submitted 

to ACT. 

[$225 per month for the ACT Trade History service which provides searchable access to a member’s 

trades that are older than six months dating back to 2009.] 

ACT Workstation ........................... $[5]625/logon/month 

[$225 per month for the ACT Trade History service which provides searchable access to a member’s 

trades that are older than six months dating back to 2009.] 

Nasdaq WorkX ............................... $[5]625/logon/month 

[$225 per month for the ACT Trade History service which provides searchable access to a member’s 

trades that are older than one year dating back five years.] For customers using both Act Workstation 

and Nasdaq WorkX, fees for Nasdaq WorkX will be waived for the first month of service. 

(f)–(j) No change. 

† Fees, other than the specialized service 

fees in Section 115(e), are assessed in full 

month increments under this section, and 

thus are not prorated. 

* * * * * 

(b) Not applicable. 

(c) Not applicable. 

II. Self-Regulatory Organization’s 

Statement of the Purpose of, and 

Statutory Basis for, the Proposed Rule 

Change 

In its filing with the Commission, the 

Exchange included statements 

concerning the purpose of and basis for 

the proposed rule change and discussed 

any comments it received on the 

proposed rule change. The text of these 

statements may be examined at the 

places specified in Item IV below. The 

Exchange has prepared summaries, set 

forth in sections A, B, and C below, of 

the most significant aspects of such 

statements. 

A. Self-Regulatory Organization’s 

Statement of the Purpose of, and 

Statutory Basis for, the Proposed Rule 

Change 

1. Purpose 

The purpose of the proposed rule 

change is to amend the Exchange’s 

schedule of fees, at Equity 7, Section 

115(e). In April 2021, the Exchange 

enhanced its connectivity, surveillance 

and risk management services by 

launching three re-platformed products 

including Nasdaq WorkXTM

(‘‘WorkX’’).3 These changes were filed 

by the Exchange on April 20, 2021 and 

published in the Federal Register on 

May 7, 2021.4 The Exchange noted in 

the filing that as it rolled out the 

enhanced products, the fees for the replatformed products would be the same 

as the fees for the corresponding non-replatformed products. After the first 

month of service on WorkX, a member 

firm is expected to fully migrate to the 

new product and is charged for any fees 

incurred for using the new products 

thereafter. To date, the Exchange 

continues to assist its members in 

migrating from Workstation to WorkX. 

The Exchange proposes to increase its 

existing fees for ACT Workstation 

(‘‘Workstation’’),5 WebLink ACT or 

Nasdaq Workstation Post Trade 

(‘‘WebLink’’), 6 and WorkX from $525 to 

$625. These fees solely apply to the 

FINRA/Nasdaq Trade Reporting Facility 

(TRF) related services. 

The Exchange also proposes to 

eliminate the ACT Trade History service 

fee of $225 for each of these existing 

products. The ACT Trade History 

service provides searchable access to a 

member’s trades.7 The Exchange 

believes it is important for users to 

freely perform unlimited scans and 

queries of their trade history to 

effectively perform their regulatory 

responsibilities without being hampered 

by the separate ACT Trade History 

charge.8

Additionally, the Exchange proposes 

to prorate the cost of the first and last 

month of a user’s subscription to the 

WebLink, Workstation and WorkX 

products. 

2. Statutory Basis 

The Exchange believes that its 

proposal is consistent with Section 6(b) 

of the Act,9 in general, and furthers the 

objectives of Sections 6(b)(4) and 6(b)(5) 

of the Act,10 in particular, in that it 

provides for the equitable allocation of 

reasonable dues, fees and other charges 

among members and issuers and other 

persons using any facility, and is not 

designed to permit unfair 

discrimination between customers, 

issuers, brokers, or dealers. 

The Exchange’s proposal is reasonable 

in several respects. As a threshold 

matter, the FINRA/Nasdaq TRF and its 

related front-end products are subjected 

to significant competitive forces in the 

market for trade reporting and 

regulatory compliance services that 

constrain the Exchange’s pricing 

determinations for Workstation, 

WebLinks and WorkX. The Commission 

and the courts have repeatedly 

expressed their preference for 

competition over regulatory 

intervention in determining prices, 

products, and services in the securities 

markets. 

The competitive nature of this market 

is evidenced by the FINRA/NYSE TRF, 

to which firms may report their trade 

instead of the FINRA/Nasdaq TRF, and 

which offers a similar front-end trade 

reporting and regulatory compliance 

service to trade report, clear and 

monitor compliance for activity on its 

facility. Firms may choose to trade 

report with the FINRA/NYSE TRF based 

on the features and functionality of the 

TRF or based on the features and 

functionality of the regulatory reporting 

and compliance front-end services 


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9098 Federal Register / Vol. 87, No. 33 / Thursday, February 17, 2022 / Notices 

offered for the FINRA/NYSE TRF. 

Within this competitive environment, 

customers can freely select the FINRA/ 

NYSE trade reporting facility and its 

trade reporting and compliance frontend services in response to changes in 

the Exchange’s pricing schedule. 

The Proposal Is Reasonable 

The Exchange believes that the 

proposal to raise fees for Workstation, 

WebLinks and WorkX is reasonable 

because of the competitive forces 

described above. Moreover, the 

Exchange has not adjusted its fees for 

these products since 2016. 

Additionally, the Exchange believes 

that it is reasonable to remove the ACT 

Trade History data charge from 

WebLink, Workstation and WorkX 

because removal of this fee streamlines 

the cost to one base fee with no add-on 

search charges and will allow users to 

freely perform unlimited query searches 

of their trade history. As discussed 

above, these searches assist users in 

performing their regulatory 

responsibilities. Additionally, the 

proposed fee increase of $100 for using 

Weblink, Workstation or WorkX is less 

than half of the current ACT Trade 

History fee. Therefore, users who utilize 

the trade history feature may incur 

decreased fees. For example, a user who 

is subscribed to one log-on for WorkX 

and utilizes the ACT Trade History 

search feature currently pays $750/ 

month. Under the proposed fee changes, 

the subscriber will pay $625/month. 

Although some users will incur a 

decrease in fees as a result of the 

proposed changes, there are some users 

whose fees may increase. For example, 

a user who is subscribed to one log-on 

for WorkX and does not utilize the ACT 

Trade History search feature currently 

pays $525/month. Under the proposed 

fee changes, the subscriber will pay 

$625/month with no additional charge 

for the use of the ACT Trade History. 

Because users who choose to utilize the 

optional ACT Trade History function 

have historically incurred a higher fee 

than those who have not utilized the 

function, the impact of the proposed 

change will be different for those users. 

The Exchange believes that the 

difference in impact resulting from the 

proposed changes is reasonable and not 

unfairly discriminatory because all 

users will be able to use ACT Trade 

History without a separate fee and those 

who have not used ACT Trade History 

in the past may decide to start using the 

service. Moreover, the Exchange notes 

that users who are dissatisfied with the 

proposal (e.g., if they experience an 

overall increase) are free to utilize the 

FINRA/NYSE TRF and its related frontend service. 

Additionally, the Exchange believes 

that it is reasonable to prorate the fees 

for the first and last month of a user’s 

subscription to Workstation, Weblink 

and WorkX. For example, the Exchange 

believes that it is reasonable to charge 

a user who unsubscribes to any of the 

three products on December 2 or 

subscribes on December 30 only for the 

days that they are actually subscribed to 

the products. 

The Proposal Is an Equitable Allocation 

of Fees 

Nasdaq believes that the proposed 

rule change will allocate fees fairly 

among the users of WebLink, 

Workstation and WorkX. 

The Exchange believes that it protects 

investors and is an equitable allocation 

to eliminate its existing $225 ACT Trade 

History fee. As discussed above, 

removal of the fee eliminates any 

impediment for users to freely utilize 

the search functions to monitor and 

satisfy their regulatory responsibilities. 

Moreover, the Exchange believes that 

prorating the fees for the first and final 

month of a user’s subscription will 

ensure that the fees are equitable to a 

user’s utilization of the products. 

Lastly, although all users of 

Workstation, WebLink and WorkX 

products will incur an increased 

monthly fee for use of the products, 

some users who utilize the optional 

ACT Trade History function will receive 

a decrease in their overall fees. The 

Exchange believes it is equitable for 

some users to incur an increased fee and 

for other users to receive a decrease 

because users who choose to utilize the 

ACT Trade History function have 

historically incurred a higher fee than 

those who have not utilized the 

function. Therefore, the impact of the 

proposed change will affect users 

differently than users who have not 

historically utilized the function. The 

Exchange believes that the difference in 

impact resulting from the proposed 

changes is equitable because all users 

will be able to use ACT Trade History 

without a separate fee and those who 

have not used ACT Trade History in the 

past may decide to start using the 

service. Moreover, the Exchange notes 

that users who are dissatisfied with the 

proposal (e.g., if they experience an 

overall increase) are free to utilize the 

FINRA/NYSE TRF and its related frontend service. 

The Proposal Is Not Unfairly 

Discriminatory 

The Exchange believes that the 

proposal is not unfairly discriminatory. 

All users of WebLink, Workstation and 

WorkX will be required to pay the 

proposed increased subscription fee and 

the proposed fees will apply to all users 

in the same manner. As discussed 

above, although some users will incur a 

decrease in fees as a result of the 

proposed changes, there are some users 

whose fees may increase. Users who 

have historically chosen to not incur the 

additional cost of the ACT Trade 

History will pay a modestly higher 

proportionate amount. The Exchange 

does not believe that this disparity 

among users is unfairly discriminatory 

because users who choose to utilize the 

optional ACT Trade History function 

have historically incurred a higher fee 

than those who have not utilized the 

function. Therefore, the impact of the 

proposed change will be different for 

those users. The Exchange believes that 

the difference in impact resulting from 

the proposed changes is not unfairly 

discriminatory because all users will be 

able to use ACT Trade History without 

a separate fee and those who have not 

used ACT Trade History in the past may 

decide to start using the service. 

Additionally, all users, to the extent that 

they already subscribe to ACT Trade 

History will benefit from the proposed 

removal of the ACT Trade History fee 

and all users will benefit from the 

proration of the first and last month of 

their subscription. 

Moreover, the Exchange notes that 

users who are dissatisfied with the 

proposal (e.g., if they experience an 

overall increase) are free to utilize the 

FINRA/NYSE TRF and its related frontend service. 

B. Self-Regulatory Organization’s 

Statement on Burden on Competition 

The Exchange does not believe that 

the proposed rule change will result in 

any burden on competition that is not 

necessary or appropriate in furtherance 

of the purposes of the Act. 

Intramarket Competition 

The Exchange does not believe that its 

proposals will place any category of 

Exchange participant at a competitive 

disadvantage. All users of WebLink, 

Workstation and WorkX will be 

required to pay the proposed increase 

fee for a subscription to any of the three 

products and will receive a proration for 

the first and last month of their 

subscription. To the extent that 

members were not utilizing any of the 

three products, the proposed fee change 

will not place them at a competitive 

disadvantage. The Exchange notes that 

its members are not required to 

subscribe to the products if they believe 


lotter on DSK11XQN23PROD with NOTICES1
Federal Register / Vol. 87, No. 33 / Thursday, February 17, 2022 / Notices 9099 

11 15 U.S.C. 78s(b)(3)(A)(ii). 12 17 CFR 200.30–3(a)(12). 

that the cost of the subscriptions is not 

attractive. 

The proposed elimination of the ACT 

Trade History fee for WebLink, 

Workstation and WorkX will have 

minimal competitive effect insofar as 

some users that utilize the ACT Trade 

History service may receive a decrease 

in their overall subscription to the 

products. As discussed above, although 

some users will incur a decrease in fees 

and others will incur a fee increase 

because of the proposed changes, the 

Exchange does not believe that this 

difference will result in a competitive 

disadvantage to any users because the 

proposed rule change will allow all 

users of WebLink, Workstation and 

WorkX to freely use the tool at no 

additional cost. 

Firms also have the option of 

reporting their trades on the FINRA/ 

NYSE TRF and utilizing its trade 

reporting and regulatory compliance 

service products if they are dissatisfied 

with the Exchange’s fee proposal. 

Intermarket Competition 

The Exchange believes that its 

proposed modifications to its fee 

schedule will not impose any burden on 

competition because the increased fees, 

proration and removal of ACT Trade 

History charges simplifies the 

subscription rates for these products 

and ensures that the Exchange is able to 

continue to provide the best products 

that benefit member firms. The 

Exchange notes that it operates in a 

highly competitive market in which 

market participants can readily favor the 

FINRA/NYSE TRF if they are 

dissatisfied with the fee change or deem 

the FINRA/NYSE TRF and its related 

front-end products to be more favorable. 

The proposed fee changes to WebLink, 

Workstation and WorkX are reflective of 

this 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 

Pursuant to Section 19(b)(3)(A)(ii) of 

the Act,11 the Exchange has designated 

this proposal as establishing or changing 

a due, fee, or other charge imposed by 

the self-regulatory organization on any 

person, whether or not the person is a 

member of the self-regulatory 

organization, which renders the 

proposed rule change effective upon 

filing. 

At any time within 60 days of the 

filing of the proposed rule change, the 

Commission summarily may 

temporarily suspend such rule change if 

it appears to the Commission that such 

action is: (i) Necessary or appropriate in 

the public interest; (ii) for the protection 

of investors; or (iii) otherwise in 

furtherance of the purposes of the Act. 

If the Commission takes such action, the 

Commission shall institute proceedings 

to determine whether the proposed rule 

should be approved or disapproved. 

IV. Solicitation of Comments 

Interested persons are invited to 

submit written data, views, and 

arguments concerning the foregoing, 

including whether the proposed rule 

change is consistent with the Act. 

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– 

NASDAQ–2022–012 on the subject line. 

Paper Comments 

• Send paper comments in triplicate 

to Secretary, Securities and Exchange 

Commission, 100 F Street NE, 

Washington, DC 20549–1090. 

All submissions should refer to File 

Number SR–NASDAQ–2022–012. 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 website (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 website 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. 

Persons submitting comments are 

cautioned that we do not redact or edit 

personal identifying information from 

comment submissions. You should 

submit only information that you wish 

to make available publicly. All 

submissions should refer to File 

Number SR–NASDAQ–2022–012 and 

should be submitted on or before March 

10, 2022. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.12

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2022–03391 Filed 2–16–22; 8:45 am] 

BILLING CODE 8011–01–P 

DEPARTMENT OF STATE 

[Public Notice: 11654] 

Notice of Determinations; Culturally 

Significant Objects Being Imported for 

Exhibition—Determinations: ‘‘Louise 

Bourgeois: Paintings’’ Exhibition 

SUMMARY: Notice is hereby given of the 

following determinations: I hereby 

determine that certain objects being 

imported from abroad pursuant to 

agreements with their foreign owners or 

custodians for temporary display in the 

exhibition ‘‘Louise Bourgeois: 

Paintings’’ at The Metropolitan Museum 

of Art, New York, New York, the New 

Orleans Museum of Art, New Orleans, 

Louisiana, and at possible additional 

exhibitions or venues yet to be 

determined, are of cultural significance, 

and, further, that their temporary 

exhibition or display within the United 

States as aforementioned is in the 

national interest. I have ordered that 

Public Notice of these determinations be 

published in the Federal Register. 

FOR FURTHER INFORMATION CONTACT: Chi 

D. Tran, Program Administrator, Office 

of the Legal Adviser, U.S. Department of 

State (telephone: 202–632–6471; email: 

section2459@state.gov). The mailing 

address is U.S. Department of State, L/ 

PD, 2200 C Street, NW (SA–5), Suite 

5H03, Washington, DC 20522–0505. 

SUPPLEMENTARY INFORMATION: The 

foregoing determinations were made 

pursuant to the authority vested in me 

by the Act of October 19, 1965 (79 Stat. 

985; 22 U.S.C. 2459), E.O. 12047 of 

March 27, 1978, the Foreign Affairs 

Reform and Restructuring Act of 1998 

(112 Stat. 2681, et seq.; 22 U.S.C. 6501 

note, et seq.), Delegation of Authority 

No. 234 of October 1, 1999, Delegation 

of Authority No. 236–3 of August 28, 


lotter on DSK11XQN23PROD with NOTICES1