Federal Register / Vol. 66, No. 94 / Tuesday, May 15, 2001 / Notices 26903

8Such designee may be a member of the

Exchange’s Board of Governors or a member of the

Exchange’s Senior Staff.

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

10 15 U.S.C. 78f(b)(5). 11 17 CFR 200.30–3(a)(12).

would not require the Exchange to list

the option. The proposed rule

contemplates a variety of legitimate

business reasons why the Exchange

would choose not to list certain

proposed options. If BOP staff

determines that the proposed option

meets the Exchange’s objective listing

criteria set forth in Commentary .01 of

Phlx Rule 1009, BOP staff would be

required to present the proposal to the

Chairman of the Board of Governors or

his designee 8 within ten business days

of the determination. The Chairman or

his designee would be required to

instruct BOP staff either to: (i) Solicit

options specialists to submit

applications for specialist privileges in

the option; or (ii) within three business

days, prepare and forward a letter to the

member that submitted the listing

proposal, setting forth in reasonable

detail the basis on which the decision

not to list, or to place limitations or

conditions upon, the proposed option

was made. These letters would be

maintained in a central file for a period

of not less than five years. If the

Exchange decides to list the requested

option, it would forward a Notification

Memorandum advising the requesting

member that they will be notified when

applications for trading privileges in the

requested option are solicited.

In determining whether to list an

option that otherwise meets objective

listing criteria, the Chairman of the

Board of Governors or his designee

would consider: (i) The Exchange’s

current and projected computer capacity

or message volume restrictions placed

on the Exchange by the Option Price

Reporting Authority (‘‘OPRA’’), and the

current and projected demands for that

capacity, including telecommunications

and OPRA inbound and outbound

message capacity; (ii) the projected

likely number of series and open

interest in the option; (iii) the projected

likely volatility of the option; (iv) the

projected likely liquidity of the option;

(v) name recognition of the option or

underlying security; (vi) the projected

volume of trading in the option that is

likely to occur on the Exchange; (vii) the

projected share of total trading in the

option that is likely to occur on the

Exchange; (viii) whether any intellectual

property right or license thereof exists

or would be required with respect to the

option; (ix) whether the proposal is

consistent with Exchange rules and/or

the Act and the rules, regulations, and

orders thereunder; (x) whether unusual

or unfavorable market conditions exist

with respect to the option; and (xi)

whether it is in the bona fide business

interest of the Exchange to list the

option. If, in denying a request or

approving a request subject to

conditions or limitations, the Exchange

relies upon a factor of other bona fide

business interests, the Exchange would

be required, in addition to providing the

member with a written response

specifying that the Exchange has relied

upon other bona fide business interests,

to maintain a record of the bona fide

business interests supporting its

decision. According to the Phlx, the

proposed provisions codify the list of

legitimate business concerns normally

reviewed when the Exchange makes a

decision about whether to list an option

that otherwise meets its listing criteria.

2. Statutory Basis

The Exchange believes that the

proposed rule change is consistent with

Section 6(b) of the Act 9 in general and

furthers the objectives of Section

6(b)(5) 10 in particular in that it is

designed to promote just and equitable

principles of trade, remove

impediments to a free and open market

and a national market system, and

protect investors and the public interest

by providing a uniform process for

members to submit, and the Exchange to

review, listing proposals.

B. Self-Regulatory Organization’s

Statement on Burden on Competition

The Phlx does not believe that the

proposed rule change, as amended, will

impose any burden on competition not

necessary or appropriate in furtherance

of the purposes of the Act.

C. Self-Regulatory Organization’s

Statement on Comments on the

Proposed Rule Change Received From

Members, Participants, or Others

The Phlx did not solicit or receive

written comments on the proposed rule

change.

III. Date of Effectiveness of the

Proposed Rule Change and Timing for

Commission Action

Within 35 days of the date of

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 Phlx consents, the

Commission will:

(A) by order approve such 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,

including whether the proposed rule

change, as amended, is consistent with

the Act. Persons making written

submissions should file six copies

thereof with the Secretary, Securities

and Exchange Commission, 450 Fifth

Street, NW., Washington, DC 20549–

0609. 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

Room. Copies of such filings will be

available for inspection and copying at

the principal office of the Phlx. All

submissions should refer to the File No.

SR–Phlx–2001–02 and should be

submitted by June 5, 2001.

For the Commission, by the Division of

Market Regulation, pursuant to delegated

authority.11

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 01–12132 Filed 5–14–01; 8:45 am]

BILLING CODE 8010–01–M

DEPARTMENT OF STATE

[Public Notice 3661]

Shipping Coordinating Committee;

Notice of Meeting

The Shipping Coordinating

Committee will conduct an open

meeting at 9:30 a.m. on Wednesday June

13, 2001, in room 6103, U. S. Coast

Guard Headquarters, 2100 Second

Street, SW., Washington, DC. The

purpose of the meeting is to prepare for

the 47th session of the Subcommittee on

Safety of Navigation (NAV) of the

International Maritime Organization

(IMO) which is scheduled for July 2–6,

2001, at the IMO Headquarters in

London.

Items of principal interest on the

agenda are:

—Routing of ships, ship reporting and

related matters

26904 Federal Register / Vol. 66, No. 94 / Tuesday, May 15, 2001 / Notices

—Integrated bridge systems (IBS)

operational aspects

—Guidelines relating to the

International Convention for the

Safety of Life at Sea (SOLAS) chapter

V

—Training and certification of maritime

pilots and revision of resolution

A.485(XII)

—Navigational aids and related matters

—International Telecommunication

Union (ITU) matters, including

Radiocommunication ITU-R Study

Group 8

—Effective voyage planning for large

passenger vessels

Members of the public may attend

these meetings up to the seating

capacity of the room. Interested persons

may seek information by writing: Mr.

Edward J. LaRue, Jr., U.S. Coast Guard

(G–MWV–2, Room 1407, 2100 Second

Street SW, Washington, DC 20593–0001

or by calling: (202) 267–0416.

Dated: May 7, 2001.

Stephen M. Miller,

Executive Secretary, Shipping Coordinating

Committee, U.S. Department of State.

[FR Doc. 01–12210 Filed 5–14–01; 8:45 am]

BILLING CODE 4710–07–P

TENNESSEE VALLEY AUTHORITY

Sunshine Act Meeting

AGENCY HOLDING THE MEETING: Tennessee

Valley Authority (Meeting No. 1530).

TIME AND DATE: 9 a.m. (CDT), May 17,

2001.

PLACE: Whispering Woods Hotel and

Conference Center Amphitheater, 11200

East Goodman Road, Olive Branch,

Mississippi.

STATUS: Open.

Agenda

Approval of minutes of meeting held

on April 18, 2001.

New Business

C—Energy

C1. Supplement to Contract No.

98NNX–224696 with Pinkerton

Government Services, Inc., for security

services.

C2. Supplement to contract with

Haefely Trench for coupling capacitor

voltage transformers, gas transformers,

and line traps for Transmission/Power

Supply.

C3. Supplement to Contract No.

99PPW–235218–002 with Alstom

Power, Inc., Environmental Systems

Division to design, manufacture, and

deliver selective catalytic reduction

process equipment for any TVA Fossil

Plant.

C4. Supplement to Contract No.

99PPW–235218–001 with Cormetech,

Inc., to design, manufacture, and deliver

selective catalytic reduction catalyst for

any TVA Fossil Plant.

E—Real Property Transactions

E1. Grant of a permanent easement for

a sewerline to the Town of Centerville,

Tennessee, affecting approximately 0.19

acre and a temporary construction

easement affecting approximately 0.10

acre of the Centerville Line Crew

Headquarters property in Hickman

County, Tennessee, Tract No. XCVCH–

1S.

E2. Sale of a noncommercial,

nonexclusive permanent easement to

Edward and Karen Wendling for

construction, operation, and

maintenance of recreational water-use

facilities, affecting 0.1 acre of Tellico

Reservoir shoreline in Loudon County,

Tennessee, Tract No. XTELR–221RE.

E3. Grant of a permanent easement for

a highway improvement project,

without charge, except for payment of

TVA’s administrative costs, to the State

of Tennessee, affecting approximately

0.08 acre of TVA land on Chickamauga

Reservoir in Meigs County, Tennessee,

Tract No. XTCR–198H.

E4. Grant of a permanent easement for

a highway improvement project

affecting approximately 2.56 acres of

TVA land on Fontana Reservoir in

Swain County, North Carolina, Tract

No. XTFR–13H.

F—Other

F1. Approval to file condemnation

cases to acquire easements and rights-ofway in Catoosa and Whitfield Counties,

Georgia, for the West Ringgold-Center

Point Transmission Line.

Information Items

1. Renegotiation of Contract No.

P00P07–261998 with Cumberland River

Energies, Inc., for coal supply to Bull

Run Fossil Plant implementing

agreement reached under a reopener of

the contract.

2. Approval of David L. Babson &

Company, Inc., and David J. Greene &

Company, L.L.C., as new investment

managers for the TVA Retirement

System and approval of the Investment

Managements Agreement between the

Retirement System and the new

investment managers.

For more information: Please call

TVA Media Relations at (865) 632–6000,

Knoxville, Tennessee. Information is

also available at TVA’s Washington

Office (202) 898–2999. People who plan

to attend the meeting and have special

needs should call (865) 632–6000.

Dated: May 10, 2001.

Charles L. Young,

Assistant General Counsel and Assistant

Secretary.

[FR Doc. 01–12359 Filed 5–11–01; 1:59 pm]

BILLING CODE 8120–08–M

OFFICE OF THE UNITED STATES

TRADE REPRESENTATIVE

Notice of Meeting of the Industry

Sector Advisory Committee on

Services (ISAC–13)

AGENCY: Office of the United States

Trade Representative.

ACTION: Notice of Meeting.

SUMMARY: The Industry Sector Advisory

Committee on Services (ISAC–13) will

hold a meeting on May 22, 2001, from

9 a.m. to 12 noon. The meeting will be

opened to the public from 9 a.m. to 9:45

a.m. and closed to the public from 9:45

a.m. to 12 noon.

DATES: The meeting is scheduled for

May 22, 2001, unless otherwise notified.

ADDRESSES: The meeting will be held at

the Department of Commerce, 14th

Street between Pennsylvania and

Constitution Avenues, NW.,

Washington, DC, Conference Room

6057.

FOR FURTHER INFORMATION CONTACT:

Karen Holderman (202) 482–0345,

Department of Commerce, 14th Street

and Constitution Avenue, NW.,

Washington, DC 20230 (principal

contact), or myself on (202) 395–6120.

SUPPLEMENTARY INFORMATION: During the

meeting the following topics will be

addressed:

• Requirements for Environmental

Review of the WTO General Agreement

on Trade in Services (GATS)

Negotiations.

• Preparations for the WTO

Ministerial Meetings in Qatar,

November 2001.

• Proposed Changes in the Bureau of

Economic Analysis Survey on

International Services Transactions.

• Capacity Building to Improve

Services Trade Statistics.

Heather K. Wingate,

Assistant United States Trade Representative

for Intergovernmental Affairs and Public

Liaison.

[FR Doc. 01–12143 Filed 5–14–01; 8:45 am]

BILLING CODE 3190–01–M