Federal Register / Vol. 66, No. 105 / Thursday, May 31, 2001 / Notices 29617

21See supra note 17.

22 15 U.S.C. 78f(b).

23 15 U.S.C. 78s(b)(2).

24 17 CFR 200.30–3(a)(12).

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

2 17 CFR 240.19b–4.

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

4 17 CFR 240.19b–4(f)(6).

5 ISE provided written notice to the Commission

on May 14, 2001 of its intent to file this proposal.

See Rule 19b–4(f)(6)(iii). 17 CFR 240.19b–4(f)(6)(iii). 6 15 U.S.C. 78f(b)(5).

be disseminated at least once every

fifteen seconds throughout the trading

day. The Commission believes that

providing access to the value of the

Select Ten Index at least once every

fifteen seconds throughout the trading

day is extremely important and will

provide benefits to investors in the

product.

The Commission finds good cause for

approving the proposed rule change

prior to the thirtieth day after the date

of publication of notice thereof in the

Federal Register. The Amex has

requested accelerated approval because

this produce is similar to several other

instruments currently listed and traded

on the Amex and the NYSE.21 In

determining to grant the accelerated

approval for good cause, the

Commission notes that the Select Ten

Index is a portfolio of highly capitalized

and actively traded securities similar to

hybrid securities products that have

been approved by the Commission for

U.S. exchange trading. Additionally,

Select Ten Notes will be listed pursuant

to existing hybrid security listing

standards as described below. Moreover,

the Index’s applicable equal-dollar

weighting methodology is a commonly

applied index calculation method.

Based on the above, the Commission

finds, consistent with section 6(b) of the

Act,22 that there is good cause for

accelerated approval of the product.

V. Conclusion

It Is Therefore Ordered, pursuant to

section 19(b)(2) of the Act,23 that the

proposed rule change (SR–Amex–2001–

28), is hereby approved on an

accelerated basis.

For the Commission, by the Division of

Market Regulation, pursuant to delegated

authority.24

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 01–13634 Filed 5–30–01; 8:45 am]

BILLING CODE 8010–01–M

SECURITIES AND EXCHANGE

COMMISSION

[Release No. 34–44349; File No. SR–ISE–

2001–14]

Self-Regulatory Organizations; Notice

of Filing and Immediate Effectiveness

of Proposed Rule Change by the

International Securities Exchange LLC

to Conform Its Rules to Reflect

Decimal Pricing

May 24, 2001.

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 May 23,

2001, the International Securities

Exchange LLC (‘‘ISE’’ 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 ISE. The

Exchange filed the proposal pursuant to

section 19(b)(3)(A) of the Act,3 and Rule

19b–4(f)(6) thereunder,4 which renders

the proposal effective upon filing with

the Commission.5 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 ISE proposes to amend its rules

to conform to decimal pricing. The text

of the proposed rule change is available

at the ISE and at the Commission.

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

ISE included statements concerning the

purpose of and basis for its proposal and

discussed any comments it received

regarding the proposal. The text of these

statements may be examined at the

places specified in Item IV below. The

ISE 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 options markets (along with the

markets for the underlying equity

securities) have completed their

conversion to decimal pricing. The ISE

is proposing amendments to its rules to

reflect the fact that is has phased out

fractional increments and that all

pricing is now in decimals. The ISE is

not proposing any changes to the

current trading increments.

2. Statutory Basis

The ISE believes that the proposal is

consistent with the provisions of section

6(b)(5) of the Act 6 which requires that

an exchange have rules that are

designed to prevent fraudulent and

manipulative acts and practices, to

promote just and equitable principles of

trade, to foster cooperation and

coordination with persons engaged in

regulating, clearing, settling, processing

information with respect to, and

facilitating transactions in securities, to

remove impediments to and perfect the

mechanism for a free and open market

and a national market system, and, in

general, to protect investors and the

public interest.

B. Self-Regulatory Organization’s

Statement on Burden on Competition

The ISE does not believe that the

proposed rule change will impose any

burden on competition that is 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 Exchange has not solicited, and

does not intend to solicit, comments on

this proposed rule change. The

Exchange has not received any

unsolicited written comments from

members or other interested parties.

III. Date of Effectiveness of the

Proposed Rule Change and Timing for

Commission Action

Because the foregoing proposed rule

change does not:

(i) Significantly affect the protection

of investors or the public interest;

(ii) impose any significant burden on

competition; and

(iii) become operative for 30 days

from the date on which it was filed, or

such shorter time as the Commission

29618 Federal Register / Vol. 66, No. 105 / Thursday, May 31, 2001 / Notices

7 15 U.S.C. 78s(b)(3)(A).

8 17 CFR 240.19b–4(f)(6).

9 17CFR 200.30–3(a)(12).

may designate, it has become effective

pursuant to section 19(b)(3)(A) of the

Act 7 and Rule 19b–4(f)(6) thereunder.8

At any time within 60 days of the filing

of the proposed rule change, the

Commission may summarily abrogate

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.

IV. Solicitation of Comments

Interested persons are invited to

submit written data, views, and

arguments concerning the foregoing,

including whether the proposal is

consistent with the Act. Persons making

written submission should file six

copies thereof with the Secretary,

Securities Exchange Commission, 450

Fifth Street, N.W., Washington, D.C.

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 filing will also be

available for inspection and copying at

the principal office of the ISE. All

submissions should refer to file number

SR–ISE–2001–14 and should be

submitted by June 21, 2001.

For the Commission, by the Division of

Market Regulation, pursuant to delegated

authority.9

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 01–13633 Filed 5–30–01; 8:45 am]

BILLING CODE 8010–01–M

SMALL BUSINESS ADMINISTRATION

Data Collection Available for Public

Comments and Recommendations

ACTION: Notice and request for

comments.

SUMMARY: In accordance with the

Paperwork Reduction Act of 1995, this

notice announces the Small Business

Administration’s intentions to request

approval on a new, and/or currently

approved information collection.

DATES: Submit comments on or before

July 30, 2001.

ADDRESSES: Send all comments

regarding whether this information

collection is necessary for the proper

performance of the function of the

agency, whether the burden estimate is

accurate, and if there are ways to

minimize the estimated burden and

enhance the quality of the collection, to

Charles Mezger, Director, Office of SBIC

Examinations, Small Business

Administration, 409 3rd Street, S.W.,

Suite 6300, Washington D.C. 20416.

FOR FURTHER INFORMATION CONTACT:

Charles Mezger, Director, (202) 205–

7172 or Curtis B. Rich, Management

Analyst, (202) 205–7030.

SUPPLEMENTARY INFORMATION:

Title: Disclosure Statement.

Form No: 856.

Description of Respondents: Small

business administration participating

lenders.

Annual Responses: 200.

Annual Burden: 200.

ADDRESSES: Send all comments

regarding whether these information

collections are necessary for the proper

performance of the function of the

agency, whether the burden estimates

are accurate, and if there are ways to

minimize the estimated burden and

enhance the quality of the collections, to

Sandra Johnston, Program Analyst,

Office of Financial Assistance, Small

Business Administration, 409 3rd Street,

SW., Suite 8300, Washington D.C.

20416.

FOR FURTHER INFORMATION CONTACT:

Sandra Johnston, Program Analyst, (202)

205–7528 or Curtis B. Rich,

Management Analyst, (202) 205–7030.

SUPPLEMENTARY INFORMATION:

Title: Applications for Business

Loans.

Form No’s: 4, 4–L, 4SCH. A, 4–Short,

4–I.

Description of Respondents:

Applicants applying for a SBA Business

Loan.

Annual Responses: 60,000.

Annual Burden: 1,187,000.

SUPPLEMENTARY INFORMATION:

Title: Request from Borrowers

(Reports, Records, and Financial

Statements).

Form No: 770.

Description of Respondents:

Recipients of SBA Loans.

Annual Responses: 146,800.

Annual Burden: 231,800.

SUPPLEMENTARY INFORMATION:

Title: Application for Pool of

Guaranteed Interest Certificates.

Form No: 1454.

Description of Respondents: SBA

Loan Poll Assemblers.

Annual Responses: 450.

Annual Burden: 1,350.

Jacqueline White,

Chief, Administrative Information Branch.

[FR Doc. 01–13567 Filed 5–30–01; 8:45 am]

BILLING CODE 8025–01–P

SOCIAL SECURITY ADMINISTRATION

Statement of Organization, Functions

and Delegations of Authority

This statement amends Part S of the

Statement of the Organization,

Functions and Delegations of Authority

which covers the Social Security

Administration (SSA). Chapter S2

covers the Deputy Commissioner,

Operations (DCO). Notice is given that

subchapter S2S, the Office of Electronic

Services (OES) is being established

under DCO. The new material and

changes are as follows:

Section S2.00 The Office of the Deputy

Commissioner, Operations—(Mission)

Insert the following as the 6th

sentence: It oversees the coordination

and implementation of SSA’s policies

for the electronic delivery of Agency

services to the public.

Section S2.10 The Office of the Deputy

Commissioner, Operations—

(Organization)

Delete: Paragraph C.1. in its entirety.

Establish: I. The Office of Electronic

Services (OES) (S2S).

Section S2.20 The Office of the Deputy

Commissioner, Operations—(Functions)

Delete: Paragraph C.1. in its entirety.

Add: I. The Office of Electronic

Services (OES) (S2S)

The Office of Electronic Services is

the lead for SSA’s development and

implementation of electronic services.

Under the direction of the Agency Chief

Information Officer, the organization

also works with other federal agencies

on interagency electronic service

delivery initiatives.

Establish Subchapter: Subchapter

S2S, Office of Electronic Services

S2S.00 Mission

S2S.10 Organization

S2S.20 Functions

Section S2S.00 The Office of

Electronic Services—(Mission)

The Office of Electronic Services is

the lead for SSA’s development and

implementation of electronic services.

This includes coordinating the overall

Agency requirements and fostering a

collaborative framework among various

SSA components involved with