Federal Register / Vol. 77, No. 85 / Wednesday, May 2, 2012 / Notices 26067 

4 15 U.S.C. 78s(b)(2)(B). 

5 15 U.S.C. 78q–1(b)(3)(F). 

6 15 U.S.C. 78q–1. 

7 15 U.S.C. 78s(b)(2). 

8 In approving the proposed rule change, the 

Commission considered the proposal’s impact on 

efficiency, competition and capital formation. 15 

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

9 17 CFR 200.30–3(a)(12). 

Initial Payment under a CDS Contract is 

established at the time the contract is 

executed and may be payable from 

either the protection buyer to the 

protection seller or vice versa. Under 

the current ICE Clear Europe Rules (by 

way of the incorporated ISDA Credit 

Derivatives Definitions), and consistent 

with practice in the market for 

uncleared credit default swaps, the 

Initial Payment is required to be made 

on the third business day following the 

trade date. ICE Clear Europe proposed to 

amend the definition of Initial Payment 

in its Clearing Rules to provide instead 

that the Initial Payment is to be made 

on the first business day following the 

trade date (or, if the transaction is 

accepted for clearing after the trade 

date, the Initial Payment is to be made 

on the first business day following the 

date of acceptance for clearing). ICE 

Clear Europe believes that this change 

from T+3 settlement to T+1 settlement 

will reduce settlement risk for the 

clearinghouse and clearing members 

and improve margin efficiency (as 

margin requirements will no longer 

need to take into account the additional 

risk from a T+3 as opposed to a T+1 

settlement rule). ICE Clear Europe’s CDS 

Risk Committee approved the proposed 

rule changes. 

The other proposed changes in the 

ICE Clear Europe Rules reflect updates 

to cross-references and defined terms 

and similar drafting clarifications, and 

do not affect the substance of the ICE 

Clear Europe Rules or cleared products. 

III. Discussion 

Section 19(b)(2)(B) of the Act 4 directs 

the Commission to approve a proposed 

rule change of a self-regulatory 

organization if it finds that such 

proposed rule change is consistent with 

the requirements of the Act and the 

rules and regulations thereunder 

applicable to such organization. Section 

17A(b)(3)(F) of the Act 5 requires, among 

other things, that the rules of a clearing 

agency be designed to promote the 

prompt and accurate clearance and 

settlement of securities transactions 

and, to the extent applicable, derivative 

agreements, contracts, and transactions. 

By accelerating the Initial Payment 

date, the proposed rule change will 

reduce settlement risk for the 

clearinghouse and clearing members 

and improve margin efficiency (as 

margin requirements will no longer 

need to take into account the additional 

risk from a T+3 as opposed to a T+1 

settlement rule), thereby promoting the 

prompt and accurate clearance and 

settlement of derivative agreements, 

contracts, and transactions, and assuring 

the safeguarding of securities and funds 

which are in the custody or control of 

ICE Clear Europe. As a result, the 

proposed rule change is consistent with 

the requirements of Section 17A(b)(3)(F) 

of the Act. 

IV. Conclusion 

On the basis of the foregoing, the 

Commission finds that the proposal is 

consistent with the requirements of the 

Act and in particular with the 

requirements of Section 17A of the Act 6

and the rules and regulations 

thereunder. 

It is therefore ordered, pursuant to 

Section 19(b)(2) of the Act,7 that the 

proposed rule change (File No. SR– 

ICEEU–2012–04) be, and hereby is, 

approved.8

For the Commission by the Division of 

Trading and Markets, pursuant to delegated 

authority.9

Kevin O’Neill, 

Deputy Secretary. 

[FR Doc. 2012–10539 Filed 5–1–12; 8:45 am] 

BILLING CODE 8011–01–P 

DEPARTMENT OF STATE 

[Public Notice 7866] 

Culturally Significant Objects Imported 

for Exhibition Determinations: 

‘‘American Encounters: Thomas Cole 

and the American Landscape’’ 

SUMMARY: Notice is hereby given of the 

following determinations: Pursuant to 

the authority vested in me by the Act of 

October 19, 1965 (79 Stat. 985; 22 U.S.C. 

2459), Executive Order 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, and Delegation of 

Authority No. 236–3 of August 28, 2000 

(and, as appropriate, Delegation of 

Authority No. 257 of April 15, 2003), I 

hereby determine that the objects to be 

included in the exhibition ‘‘American 

Encounters: Thomas Cole and the 

American Landscape,’’ imported from 

abroad by the High Museum of Art for 

temporary exhibition within the United 

States, are of cultural significance. The 

objects are imported pursuant to loan 

agreements with the foreign owners or 

custodians. I also determine that the 

exhibition or display of the exhibit 

objects at The Crystal Bridges Museum 

of American Art in Bentonville, 

Arkansas from on or about May 12 until 

on or about August 13, 2012; the High 

Museum of Art in Atlanta, Georgia from 

on or about September 22, 2012 until on 

or about January 6, 2013; and possible 

additional exhibitions or venues yet to 

be determined; is in the national 

interest. I have ordered that Public 

Notice of these Determinations be 

published in the Federal Register. 

FOR FURTHER INFORMATION CONTACT: For 

further information, including a list of 

the exhibit objects, contact Ona M. 

Hahs, Attorney-Adviser, Office of the 

Legal Adviser, U.S. Department of State 

(telephone: 202–632–6473). The mailing 

address is U.S. Department of State, 

SA–5, L/PD, Fifth Floor (Suite 5H03), 

Washington, DC 20522–0505. 

Dated: April 27, 2012. 

J. Adam Ereli, 

Principal Deputy Assistant Secretary, Bureau 

of Educational and Cultural Affairs, 

Department of State. 

[FR Doc. 2012–10598 Filed 5–1–12; 8:45 am] 

BILLING CODE 4710–05–P 

DEPARTMENT OF TRANSPORTATION 

Intelligent Transportation Systems 

Program Advisory Committee; Notice 

of Meeting 

AGENCY: ITS Joint Program Office, 

Research and Innovative Technology 

Administration, U.S. Department of 

Transportation. 

ACTION: Notice. 

The Intelligent Transportation 

Systems (ITS) Program Advisory 

Committee (ITS PAC) will hold a 

meeting on May 24, 2012, from 8:00 

a.m. to 4:00 p.m. (EDT), in conference 

room #7 of the U.S. Department of 

Transportation (U.S. DOT) Conference 

Center on the lobby level of the U.S. 

DOT West Building, 1200 New Jersey 

Avenue SE, Washington, DC 20590. 

The ITS PAC, established under 

Section 5305 of Public Law 109–59, 

Safe, Accountable, Flexible, Efficient 

Transportation Equity Act: A Legacy for 

Users, August 10, 2005, and re-chartered 

on January 23, 2012, was created to 

advise the Secretary of Transportation 

on all matters relating to the study, 

development, and implementation of 

intelligent transportation systems. 

Through its sponsor, the ITS Joint 

Program Office, the ITS PAC makes 

recommendations to the Secretary 

regarding ITS Program needs, objectives, 

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26068 Federal Register / Vol. 77, No. 85 / Wednesday, May 2, 2012 / Notices 

plans, approaches, content, and 

progress. 

The following is a summary of the 

meeting tentative agenda: (1) Welcome 

by RITA Acting Administrator; (2) 

Meeting purpose and agenda review; (3) 

Introduction of committee members and 

background; (4) Committee expectations 

and individual goals; (5) Briefings on 

various aspects of Connected Vehicle 

research; (6) Network security 

discussion; (7) Key ITS Research 

Program Issues; and (8) Timeline for 

future committee work. 

The meeting will be open to the 

public, but limited space will be 

available on a first-come, first-served 

basis. Since access to the U.S. DOT 

building is controlled, non-committee 

members who plan to attend the 

meeting must notify Mr. Stephen 

Glasscock, the Committee Designated 

Federal Official, at (202) 366–9126 not 

later than May 17, 2012. Individuals 

attending the meeting must report to the 

1200 New Jersey Avenue entrance of the 

U.S. DOT building for admission. 

Members of the public who wish to 

present oral statements at the meeting 

must request approval from Mr. 

Glasscock not later than May 17, 2012. 

Questions about the agenda or written 

comments may be submitted by U.S. 

Mail to: U.S. Department of 

Transportation, Research and Innovative 

Technology Administration, ITS Joint 

Program Office, Attention: Stephen 

Glasscock, 1200 New Jersey Avenue SE., 

HOIT, Washington, DC 20590 or faxed 

to (202) 493–2027. The ITS Joint 

Program Office requests that written 

comments be submitted prior to the 

meeting. 

Notice of this meeting is provided in 

accordance with the Federal Advisory 

Committee Act and the General Services 

Administration regulations (41 CFR part 

102–3) covering management of Federal 

advisory committees. 

Dated: Issued in Washington, DC, on the 

26th day of April 2012. 

John Augustine, 

Managing Director, ITS Joint Program Office. 

[FR Doc. 2012–10586 Filed 5–1–12; 8:45 am] 

BILLING CODE 4910–P 

DEPARTMENT OF TRANSPORTATION 

Federal Aviation Administration 

Notice of Meeting of the National Parks 

Overflights Advisory Group Aviation 

Rulemaking Committee 

ACTION: Notice of meeting. 

SUMMARY: The Federal Aviation 

Administration (FAA) and the National 

Park Service (NPS), in accordance with 

the National Parks Air Tour 

Management Act of 2000, announce the 

next meeting of the National Parks 

Overflights Advisory Group (NPOAG) 

Aviation Rulemaking Committee (ARC). 

This notification provides the date, 

location, and agenda for the meeting. 

DATE AND LOCATION: The NPOAG ARC 

will meet on May 16, 2012. The meeting 

will take place in the Garden Pavilion 

C room at the Hilton Garden Inn located 

on 815 E. Mall Drive in Rapid City, SD 

57701. The phone number is 605–791– 

9000. The meeting will be held from 

8:00 a.m. to 5:00 p.m. on May 16, 2012. 

This NPOAG meeting will be open to 

the public. 

FOR FURTHER INFORMATION CONTACT: 

Barry Brayer, AWP–1SP, Special 

Programs Staff, Federal Aviation 

Administration, Western-Pacific Region 

Headquarters, P.O. Box 92007, Los 

Angeles, CA 90009–2007, telephone: 

(310) 725–3800, email: 

Barry.Brayer@faa.gov. 

SUPPLEMENTARY INFORMATION: 

Background 

The National Parks Air Tour 

Management Act of 2000 (NPATMA), 

enacted on April 5, 2000, as Public Law 

106–181, required the establishment of 

the NPOAG within one year after its 

enactment. The Act requires that the 

NPOAG be a balanced group of 

representatives of general aviation, 

commercial air tour operations, 

environmental concerns, and Native 

American tribes. The Administrator of 

the FAA and the Director of NPS (or 

their designees) serve as ex officio 

members of the group. Representatives 

of the Administrator and Director serve 

alternating 1-year terms as chairperson 

of the advisory group. 

The duties of the NPOAG include 

providing advice, information, and 

recommendations to the FAA 

Administrator and the NPS Director on; 

implementation of Public Law 106–181; 

quiet aircraft technology; other 

measures that might accommodate 

interests to visitors of national parks; 

and at the request of the Administrator 

and the Director, on safety, 

environmental, and other issues related 

to commercial air tour operations over 

national parks or tribal lands. 

Agenda for the May 16, 2012 NPOAG 

Meeting 

The agenda for the meeting will 

include, but is not limited to, an update 

on ongoing Air Tour Management 

Program projects and discussion on 

implementing the new amendments to 

NPATMA that were included in the 

FAA Modernization and Reform Act of 

2012. 

Attendance at the Meeting and 

Submission of Written Comments 

Although this is not a public meeting, 

interested persons may attend. Because 

seating is limited, if you plan to attend 

please contact the person listed under 

FOR FURTHER INFORMATION CONTACT so 

that meeting space may be made to 

accommodate all attendees. Written 

comments regarding the meeting will be 

accepted directly from attendees or may 

be sent to the person listed under FOR

FURTHER INFORMATION CONTACT. 

Record of the Meeting 

If you cannot attend the NPOAG 

meeting, a summary record of the 

meeting will be made available under 

the NPOAG section of the FAA ATMP 

web site at: http://www.faa.gov/about/ 

office_org/headquarters_offices/arc/ 

programs/air_tour_management_plan/ 

parks_overflights_group/minutes.cfm or 

through the Special Programs Staff, 

Western-Pacific Region, P.O. Box 92007, 

Los Angeles, CA 90009–2007, 

telephone: (310) 725–3808. 

Issued in Hawthorne, CA, on April 23, 

2012. 

Keith Lusk, 

Program Manager, Air Tour Management 

Program, Western-Pacific Region. 

[FR Doc. 2012–10521 Filed 5–1–12; 8:45 am] 

BILLING CODE 4910–13–P 

DEPARTMENT OF TRANSPORTATION 

National Highway Traffic Safety 

Administration 

Reports, Forms and Record Keeping 

Requirements; Agency Information 

Collection Activity Under OMB Review 

AGENCY: National Highway Traffic 

Safety Administration (NHTSA), U.S. 

Department of Transportation (DOT). 

ACTION: Notice. 

SUMMARY: In compliance with the 

Paperwork Reduction Act of 1995 

(44 U.S.C. 3501 et seq.), this notice 

announces that the Information 

Collection Request (ICR) abstracted 

below has been forwarded to the Office 

of Management and Budget (OMB) for 

review and comment. The ICR describes 

the nature of the information collections 

and their expected burden. The Federal 

Register Notice with a 60-day comment 

period was published on February 9, 

2012 [77 FR 6688]. This is a request for 

an extension of an existing collection. 

DATES: Comments must be submitted on 

or before June 1, 2012. 

mstockstill on DSK4VPTVN1PROD with NOTICES