Federal Register / Vol. 63, No. 3 / Tuesday, January 6, 1998 / Notices 595

18NASD Regulation consents to an extension of

the time periods specified in Section (19)(b)(2) of

the Act until the SEC is prepared to approve NASD

Regulation’s yet-to-be-filed rule filing proposing to

amend Rule 3310(f) to revise the requirements for

customer predispute arbitration agreements used by

members. NASD Regulation intends to amend the

rules governing customer predispute arbitration

agreements to give effect to the eligibility rule

proposed herein and the punitive damages rule

proposed in SR–NASD–97–47. The purpose of the

extension is to permit the SEC to act simultaneously

on this rule filing, the yet-to-be-filed rule filing

proposing to amend Rule 3310(f), and the punitive

damages rule proposed in SR–NASD–97–47.

19U.S.C. 78o–3.

20See supra note 18.

only the filing of a Statement of Claim

will toll a statute of limitations.

Effectiveness of Proposed Rule

Change. NASD Regulation plans to

make the proposed rule change effective

thirty days after SEC approval.18

2. Statutory Basis

NASD Regulation believes that the

proposed rule change is consistent with

the provisions of Section 15A(b)(6) of

the Act 19 because it will eliminate

many of the substantive and procedural

issues that have cause eligibility issues

to interfere with the fair, efficient, and

cost effective resolution of disputes, and

will improve the arbitration process for

the benefit of public investors, broker/

dealer members, and associated person

who are the user of the process.

B. Self-Regulatory Organization’s

Statement on Burden on Competition

The NASD 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,20 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 NASD. All

submissions should refer to File No.

SR–NASD–97–44 and should be

submitted by January 27, 1998.

For the Commission, by the Division of

Market Regulation, pursuant to delegated

authority.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 98–162 Filed 1–5–98; 8:45 am]

BILLING CODE 8010–01–M

DEPARTMENT OF TRANSPORTATION

Aviation Proceedings, Agreements

filed during the week of December 26,

1997

The following Agreements were filed

with the Department of Transportation

under the provisions of 49 U.S.C.

Section 412 and 414. Answers may be

filed within 21 days of date of filing.

Docket Number: OST—97—3281.

Date Filed: December 23, 1997.

Parties: Members of the International

Air Transport Association.

Subject: PTC23/123 Telex Mail Vote

903, Australia-Europe excursion fares

r1–071II r2–071oo. Intended effective

date: January 15, 1998.

Docket Number: OST—97—3282.

Date Filed: December 23, 1997.

Parties: Members of the International

Air Transport Association.

Subject: PTC COMP 0201 (Report)

dated December 19, 1997, PTC COMP

Fares 0114 dated December 19, l997,

Resolution 015n—US-TC12/123 Add-on

Amounts, (US-Europe (except UK),

Africa, Middle East, TC3). Intended

effective date: April 1, 1998.

Carol Kelley,

Documentary Services.

[FR Doc. 98–163 Filed 1–5–98; 8:45 am]

BILLING CODE 4910–62–P

DEPARTMENT OF TRANSPORTATION

Notice of Application for Certificates of

Public Convenience and Necessity and

Foreign Air Carrier Permits Filed Under

Subpart Q During the Week Ending

December 26, 1997

The following Applications for

Certificates of Public Convenience and

Necessity and Foreign Air Carrier

Permits were filed under Subpart Q of

the Department of Transportation’s

Procedural Regulations (See 14 CFR

302.1701 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: OST–97–3275.

Date Filed: December 22, 1997.

Due Date for Answers, Conforming

Applications, or Motion to Modify

Scope: January 20, 1998.

Description: Application of Harlequin

Air Corporation, pursuant to 49 U.S.C.

40102 and Subpart Q of the Regulations,

for issuance of a Foreign Air Carrier

permit to engage in charter foreign air

transportation of persons, property and

mail between points in Japan and points

in the United States.

Docket Number: OST–97–3274.

Date Filed: December 22, 1997.

Due Date for Answers, Conforming

Applications, or Motion to Modify

Scope: January 20, 1998.

Description: Application of Britannia

Airways, GmbH pursuant to 49 U.S.C.

41301 and Subpart Q of the Regulations

to engage in charter foreign air carrier

transportation of persons and their

accompanying baggage, and property

between a point or points in the Federal

Republic of Germany and a point or

points in the United States.

Carol Kelley,

Documentary Services.

[FR Doc. 98–164 Filed 1–5–98; 8:45 am]

BILLING CODE 4910–62–P

DEPARTMENT OF TRANSPORTATION

Coast Guard

[CGD08–97–48]

Houston/Galveston Navigation Safety

Advisory Committee Meeting

AGENCY: Coast Guard, DOT.

ACTION: Notice of meetings.